New Amsterdam Partners Raised By $4.45 Million Its Tenneco (TEN) Holding; Primo Water (PRMW) Sentiment Is 1.4

February 20, 2018 - By David Stenberg

New Amsterdam Partners Llc increased Tenneco Inc (TEN) stake by 66.79% reported in 2017Q3 SEC filing. New Amsterdam Partners Llc acquired 74,155 shares as Tenneco Inc (TEN)’s stock declined 16.10%. The New Amsterdam Partners Llc holds 185,183 shares with $11.24M value, up from 111,028 last quarter. Tenneco Inc now has $2.85 billion valuation. The stock decreased 1.93% or $1.09 during the last trading session, reaching $55.32. About 865,327 shares traded or 89.99% up from the average. Tenneco Inc. (NYSE:TEN) has risen 7.45% since February 20, 2017 and is uptrending. It has underperformed by 9.25% the S&P500.

Primo Water Corporation, together with its subsidiaries, provides multi-gallon purified bottled water, self-service refill water, and water dispensers in the United States and Canada. The company has market cap of $381.79 million. The firm operates in two divisions, Primo Water and Primo Dispensers. It currently has negative earnings. The Primo Water segment offers exchange and refill products through point of purchase display racks, or self-serve filtered water displays and recycling centers.

The stock increased 2.33% or $0.29 during the last trading session, reaching $12.72. About 121,957 shares traded. Primo Water Corporation (PRMW) has declined 3.15% since February 20, 2017 and is downtrending. It has underperformed by 19.85% the S&P500.

Since January 1, 0001, it had 0 insider purchases, and 2 selling transactions for $291,887 activity.

Analysts await Primo Water Corporation (NASDAQ:PRMW) to report earnings on March, 21. They expect $0.02 EPS, up 112.50% or $0.18 from last year’s $-0.16 per share. PRMW’s profit will be $600,292 for 159.00 P/E if the $0.02 EPS becomes a reality. After $0.14 actual EPS reported by Primo Water Corporation for the previous quarter, Wall Street now forecasts -85.71% negative EPS growth.

Manatuck Hill Partners Llc holds 9.99% of its portfolio in Primo Water Corporation for 1.73 million shares. Portolan Capital Management Llc owns 896,588 shares or 1.27% of their US portfolio. Moreover, 12 West Capital Management Lp has 0.91% invested in the company for 549,424 shares. The New York-based G2 Investment Partners Management Llc has invested 0.77% in the stock. 1492 Capital Management Llc, a Wisconsin-based fund reported 64,995 shares.

Investors sentiment increased to 0.99 in 2017 Q3. Its up 0.02, from 0.97 in 2017Q2. It is positive, as 29 investors sold TEN shares while 92 reduced holdings. 37 funds opened positions while 83 raised stakes. 47.82 million shares or 5.29% less from 50.49 million shares in 2017Q2 were reported. Clearbridge Limited Liability Corp has 6,500 shares for 0% of their portfolio. Walleye Trading reported 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Whittier Tru has 0.05% invested in Tenneco Inc. (NYSE:TEN) for 21,307 shares. Renaissance Technologies Ltd Liability Corporation has invested 0% in Tenneco Inc. (NYSE:TEN). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0% or 2,272 shares. Bnp Paribas Asset Mgmt Holdings Sa stated it has 205,190 shares. 350,899 are held by Millennium Ltd Llc. Scotia Cap invested in 16,422 shares. Pacad holds 1,500 shares. Hillcrest Asset Management Ltd Com invested in 1.83% or 166,600 shares. Connor Clark & Lunn Limited has invested 0.01% in Tenneco Inc. (NYSE:TEN). Regent Investment Mngmt Ltd Liability Corp invested 0.09% of its portfolio in Tenneco Inc. (NYSE:TEN). National Bank Of Nova Scotia Trust Communication stated it has 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Renaissance Ltd Liability Com owns 5,814 shares for 0.01% of their portfolio. Gotham Asset Limited Liability Corp reported 0.01% in Tenneco Inc. (NYSE:TEN).

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tenneco Inc had 45 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Tenneco Inc. (NYSE:TEN) has “Hold” rating given on Wednesday, August 30 by RBC Capital Markets. The rating was maintained by Jefferies on Thursday, July 6 with “Hold”. The stock of Tenneco Inc. (NYSE:TEN) earned “Overweight” rating by Barclays Capital on Thursday, February 11. The firm has “Buy” rating given on Monday, February 12 by Guggenheim. Barclays Capital maintained Tenneco Inc. (NYSE:TEN) rating on Thursday, January 12. Barclays Capital has “Overweight” rating and $70 target. The stock of Tenneco Inc. (NYSE:TEN) has “Market Perform” rating given on Wednesday, April 27 by Wells Fargo. The rating was maintained by Wells Fargo on Monday, October 30 with “Market Perform”. The firm has “Neutral” rating given on Wednesday, January 25 by Susquehanna. The firm has “Neutral” rating by Goldman Sachs given on Wednesday, August 12. The stock has “Hold” rating by RBC Capital Markets on Monday, July 3.

New Amsterdam Partners Llc decreased Ipg Photonics Corp (NASDAQ:IPGP) stake by 2,706 shares to 35,556 valued at $6.58 million in 2017Q3. It also reduced Wabash Natl Corp (NYSE:WNC) stake by 17,831 shares and now owns 433,566 shares. Align Technology Inc (NASDAQ:ALGN) was reduced too.

Since August 31, 2017, it had 0 insider purchases, and 8 sales for $4.98 million activity. Another trade for 11,500 shares valued at $678,500 was made by Kunz John E on Friday, September 22. Shares for $1.50M were sold by Sherrill Gregg M. 5,558 Tenneco Inc. (NYSE:TEN) shares with value of $320,629 were sold by Guo Peng. Shares for $782,816 were sold by Harrington James D. on Thursday, September 14.

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By1 David Stenberg

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