Holder River & Mercantile Asset Management Llp Lifted Baidu (BIDU) Stake; As Post Hldgs (POST) Stock Price Declined, Clinton Group Has Decreased Its Stake

February 17, 2018 - By Marie Mckinney

Greg Taxin decreased its stake in Post Hldgs Inc (POST) by 28.89% based on its latest 2017Q3 regulatory filing with the SEC. Clinton Group Inc sold 7,903 shares as the company’s stock declined 1.97% while stock markets rallied. The hedge fund run by Greg Taxin held 19,450 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.72M, down from 27,353 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Post Hldgs Inc for a number of months, seems to be less bullish one the $5.15 billion market cap company. The stock increased 2.60% or $1.99 during the last trading session, reaching $78.5. About 1.06M shares traded or 5.99% up from the average. Post Holdings, Inc. (NYSE:POST) has risen 11.46% since February 17, 2017 and is uptrending. It has underperformed by 5.24% the S&P500.

River & Mercantile Asset Management Llp increased its stake in Baidu Inc (BIDU) by 74.3% based on its latest 2017Q3 regulatory filing with the SEC. River & Mercantile Asset Management Llp bought 113,081 shares as the company’s stock rose 1.94% with the market. The institutional investor held 265,271 shares of the technology company at the end of 2017Q3, valued at $65.71 million, up from 152,190 at the end of the previous reported quarter. River & Mercantile Asset Management Llp who had been investing in Baidu Inc for a number of months, seems to be bullish on the $85.20B market cap company. The stock decreased 1.40% or $3.48 during the last trading session, reaching $244.72. About 2.20 million shares traded. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since February 17, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 9 have Buy rating, 3 Sell and 12 Hold. Therefore 38% are positive. Baidu had 61 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 23 by Jefferies. The rating was initiated by Credit Suisse on Wednesday, July 20 with “Outperform”. Credit Suisse maintained Baidu, Inc. (NASDAQ:BIDU) on Monday, February 22 with “Outperform” rating. Jefferies maintained Baidu, Inc. (NASDAQ:BIDU) on Wednesday, February 14 with “Hold” rating. Morgan Stanley upgraded the stock to “Overweight” rating in Thursday, February 15 report. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Tuesday, July 28. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, January 17 report. Credit Suisse downgraded the stock to “Neutral” rating in Friday, October 28 report. Summit Research downgraded Baidu, Inc. (NASDAQ:BIDU) on Wednesday, September 30 to “Hold” rating. Oppenheimer maintained Baidu, Inc. (NASDAQ:BIDU) rating on Monday, August 3. Oppenheimer has “Outperform” rating and $200 target.

River & Mercantile Asset Management Llp, which manages about $4.01 billion and $674.05M US Long portfolio, decreased its stake in Micron Technology Inc (NASDAQ:MU) by 46,439 shares to 68,561 shares, valued at $2.70 million in 2017Q3, according to the filing. It also reduced its holding in International Business Machines Corp (NYSE:IBM) by 87,776 shares in the quarter, leaving it with 54,843 shares, and cut its stake in Johnson Controls International Plc.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.04, from 1.05 in 2017Q2. It improved, as 33 investors sold POST shares while 77 reduced holdings. 38 funds opened positions while 82 raised stakes. 71.70 million shares or 1.02% more from 70.98 million shares in 2017Q2 were reported. Zacks Inv stated it has 2,325 shares. Prudential Inc has invested 0.01% in Post Holdings, Inc. (NYSE:POST). Tudor Corp Et Al owns 0.03% invested in Post Holdings, Inc. (NYSE:POST) for 12,941 shares. Pacific Glob Mngmt stated it has 10,746 shares. Yhb Inv holds 3,780 shares or 0.06% of its portfolio. 563,239 are held by Northern Trust. Smithfield Trust has 0.01% invested in Post Holdings, Inc. (NYSE:POST). Alliancebernstein Lp has 38,493 shares for 0% of their portfolio. 24,430 are held by Oregon Employees Retirement Fund. 5.25 million were accumulated by Blackrock. Pacad Inv Ltd owns 0.02% invested in Post Holdings, Inc. (NYSE:POST) for 1,200 shares. Signature Estate And Inv Advsr has invested 0.07% in Post Holdings, Inc. (NYSE:POST). Atria Invests Ltd Liability Company invested in 0.02% or 4,111 shares. Tower Ltd Liability (Trc) holds 158 shares. Stifel Fincl Corp reported 0.05% in Post Holdings, Inc. (NYSE:POST).

Since February 6, 2018, it had 2 buys, and 0 insider sales for $299,691 activity. Zadoks Jeff A bought $99,177 worth of Post Holdings, Inc. (NYSE:POST) on Tuesday, February 6.

Clinton Group Inc, which manages about $2.04B and $911.14M US Long portfolio, upped its stake in Anthem Inc (NYSE:ANTM) by 33,679 shares to 36,487 shares, valued at $6.93 million in 2017Q3, according to the filing. It also increased its holding in Toro Co (NYSE:TTC) by 53,239 shares in the quarter, for a total of 66,999 shares, and has risen its stake in Skechers U S A Inc (NYSE:SKX).

Among 13 analysts covering Post (NYSE:POST), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Post had 31 analyst reports since August 10, 2015 according to SRatingsIntel. Pivotal Research downgraded it to “Buy” rating and $105 target in Thursday, May 11 report. The stock has “Buy” rating by Pivotal Research on Friday, February 2. The firm earned “Buy” rating on Friday, August 4 by Pivotal Research. The stock of Post Holdings, Inc. (NYSE:POST) has “Outperform” rating given on Tuesday, February 6 by Wells Fargo. The rating was upgraded by BMO Capital Markets to “Buy” on Tuesday, September 19. Pivotal Research maintained Post Holdings, Inc. (NYSE:POST) rating on Friday, May 6. Pivotal Research has “Buy” rating and $90 target. Stifel Nicolaus maintained it with “Buy” rating and $75 target in Wednesday, November 25 report. The firm has “Buy” rating by Stifel Nicolaus given on Monday, November 21. The stock of Post Holdings, Inc. (NYSE:POST) earned “Buy” rating by Stifel Nicolaus on Monday, October 23. The firm has “Hold” rating given on Wednesday, June 14 by BMO Capital Markets.

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By1 Marie Mckinney

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