Huber Capital Management Boosted Its Innospec (IOSP) Stake by $2.48 Million; Epoch Investment Partners Continues to Hold Holding in Reliance Steel & Aluminum Co (RS)

February 7, 2018 - By Dolores Ford

Joe Huber increased its stake in Innospec Inc (IOSP) by 4.86% based on its latest 2017Q3 regulatory filing with the SEC. Huber Capital Management Llc bought 40,657 shares as the company’s stock declined 12.46% while stock markets rallied. The hedge fund run by Joe Huber held 877,432 shares of the major chemicals company at the end of 2017Q3, valued at $54.09M, up from 836,775 at the end of the previous reported quarter. Huber Capital Management Llc who had been investing in Innospec Inc for a number of months, seems to be bullish on the $1.59 billion market cap company. The stock decreased 0.23% or $0.15 during the last trading session, reaching $65.95. About 165,991 shares traded or 88.81% up from the average. Innospec Inc. (NASDAQ:IOSP) has risen 30.88% since February 7, 2017 and is uptrending. It has outperformed by 14.18% the S&P500.

Epoch Investment Partners Inc increased its stake in Reliance Steel & Aluminum Co (RS) by 23.8% based on its latest 2017Q3 regulatory filing with the SEC. Epoch Investment Partners Inc bought 57,131 shares as the company’s stock declined 16.82% while stock markets rallied. The institutional investor held 297,129 shares of the metal fabrications company at the end of 2017Q3, valued at $22.63M, up from 239,998 at the end of the previous reported quarter. Epoch Investment Partners Inc who had been investing in Reliance Steel & Aluminum Co for a number of months, seems to be bullish on the $6.09 billion market cap company. The stock increased 1.36% or $1.12 during the last trading session, reaching $83.47. About 721,611 shares traded or 68.94% up from the average. Reliance Steel & Aluminum Co. (NYSE:RS) has risen 0.13% since February 7, 2017 and is uptrending. It has underperformed by 16.57% the S&P500.

Among 4 analysts covering Innospec (NASDAQ:IOSP), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Innospec had 8 analyst reports since October 12, 2015 according to SRatingsIntel. On Thursday, November 9 the stock rating was downgraded by Monness Crespi & Hardt to “Neutral”. The stock of Innospec Inc. (NASDAQ:IOSP) earned “Buy” rating by Monness Crespi & Hardt on Tuesday, August 22. The stock has “Overweight” rating by KeyBanc Capital Markets on Tuesday, April 5. As per Thursday, November 9, the company rating was maintained by KeyBanc Capital Markets. On Friday, November 4 the stock rating was maintained by Monness Crespi with “Buy”. The stock has “Accumulate” rating by Johnson Rice on Tuesday, November 14. The rating was downgraded by Monness Crespi on Monday, December 19 to “Neutral”. As per Monday, October 12, the company rating was downgraded by Monness Crespi & Hardt.

Huber Capital Management Llc, which manages about $3.94B and $1.82 billion US Long portfolio, decreased its stake in Euronav Nv Antwerpen by 713,026 shares to 3.02M shares, valued at $24.43 million in 2017Q3, according to the filing. It also reduced its holding in Tyson Foods Inc (NYSE:TSN) by 55,500 shares in the quarter, leaving it with 241,280 shares, and cut its stake in Great Plains Energy Inc (NYSE:GXP).

Epoch Investment Partners Inc, which manages about $43.62 billion and $29.86 billion US Long portfolio, decreased its stake in Colliers Intl Group Inc by 80,383 shares to 135,821 shares, valued at $6.75 million in 2017Q3, according to the filing. It also reduced its holding in Medtronic Plc (NYSE:MDT) by 6,382 shares in the quarter, leaving it with 236,460 shares, and cut its stake in Live Nation Entertainment In (NYSE:LYV).

Since December 8, 2017, it had 0 buys, and 1 sale for $92,861 activity.

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By1 Dolores Ford

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