Park Circle Co Has Cut Covanta Hldg (CVA) Stake By $480,000; Alleghany (Y)’s Sentiment Is 1.07

May 13, 2018 - By Michael Collier

Alleghany Corporation (NYSE:Y) Logo

Park Circle Co decreased Covanta Hldg Corp (CVA) stake by 92.31% reported in 2017Q4 SEC filing. Park Circle Co sold 30,000 shares as Covanta Hldg Corp (CVA)’s stock declined 15.45%. The Park Circle Co holds 2,500 shares with $42,000 value, down from 32,500 last quarter. Covanta Hldg Corp now has $2.05B valuation. The stock decreased 0.32% or $0.05 during the last trading session, reaching $15.8. About 409,723 shares traded. Covanta Holding Corporation (NYSE:CVA) has declined 4.92% since May 13, 2017 and is downtrending. It has underperformed by 16.47% the S&P500.

Alleghany Corp (Y) investors sentiment decreased to 1.07 in Q4 2017. It’s down -0.07, from 1.14 in 2017Q3. The ratio is negative, as 134 investment managers started new and increased equity positions, while 125 decreased and sold stakes in Alleghany Corp. The investment managers in our database reported: 12.58 million shares, up from 12.56 million shares in 2017Q3. Also, the number of investment managers holding Alleghany Corp in top ten equity positions was flat from 9 to 9 for the same number . Sold All: 28 Reduced: 97 Increased: 92 New Position: 42.

Among 12 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Covanta had 52 analyst reports since October 8, 2015 according to SRatingsIntel. The company was upgraded on Monday, January 8 by Goldman Sachs. The firm has “Buy” rating given on Thursday, October 5 by Robert W. Baird. The stock has “Outperform” rating by Oppenheimer on Wednesday, January 20. The stock has “Outperform” rating by Robert W. Baird on Monday, May 15. As per Thursday, July 6, the company rating was maintained by Stifel Nicolaus. The rating was maintained by Oppenheimer with “Buy” on Monday, July 17. The firm has “Hold” rating by Stifel Nicolaus given on Monday, February 13. Wedbush maintained the stock with “Outperform” rating in Tuesday, December 29 report. The stock of Covanta Holding Corporation (NYSE:CVA) earned “Equal-Weight” rating by Barclays Capital on Tuesday, August 9. Barclays Capital upgraded the stock to “Overweight” rating in Wednesday, July 12 report.

More notable recent Covanta Holding Corporation (NYSE:CVA) news were published by: Seekingalpha.com which released: “Key Takeaways From Covanta’s Earnings Call” on April 30, 2018, also Seekingalpha.com with their article: “Covanta Holding Corp’s (CVA) CEO Stephen Jones on Q1 2018 Results – Earnings Call Transcript” published on April 27, 2018, Globenewswire.com published: “New Research: Key Drivers of Growth for ARRIS International plc, Tapestry, Dollar General, AMC Entertainment …” on May 09, 2018. More interesting news about Covanta Holding Corporation (NYSE:CVA) were released by: Investorplace.com and their article: “9 Great Income Investments You’ve Never Heard Of” published on May 08, 2018 as well as Prnewswire.com‘s news article titled: “Covanta Appoints Ginny Angilello as Chief Human Resources Officer” with publication date: May 09, 2018.

More news for Alleghany Corporation (NYSE:Y) were recently published by: Prnewswire.com, which released: “Alleghany Corporation Reports 2018 First Quarter Results — Notice” on May 03, 2018. Globenewswire.com‘s article titled: “New Research: Key Drivers of Growth for HTG Molecular Diagnostics, Impinj, XOMA, Stock Yards, TriCo Bancshares …” and published on May 02, 2018 is yet another important article.

Lomas Capital Management Llc holds 8.74% of its portfolio in Alleghany Corporation for 72,719 shares. Mraz Amerine & Associates Inc. owns 37,430 shares or 6.84% of their US portfolio. Moreover, Centaur Capital Partners L.P. has 4.87% invested in the company for 5,150 shares. The United Kingdom-based Kiltearn Partners Llp has invested 4.5% in the stock. Mcclain Value Management Llc, a Connecticut-based fund reported 5,609 shares.

Since January 1, 0001, it had 0 insider buys, and 1 sale for $323,501 activity.

The stock increased 1.04% or $6.03 during the last trading session, reaching $585.79. About 49,841 shares traded. Alleghany Corporation (Y) has declined 2.82% since May 13, 2017 and is downtrending. It has underperformed by 14.37% the S&P500.

Alleghany Corporation, together with its subsidiaries, provides property and casualty reinsurance and insurance products in the United States and internationally. The company has market cap of $8.96 billion. The firm operates through two divisions, Reinsurance and Insurance. It has a 100.15 P/E ratio. The Reinsurance segment offers property reinsurance products, including fire, allied lines, auto physical damage, and homeownersÂ’ multiple peril; and casualty and other reinsurance products, such as liability, medical malpractice, ocean marine and aviation, auto liability, accident and health, surety, and credit.

Alleghany Corporation (NYSE:Y) Institutional Positions Chart

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By1 Michael Collier

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