Tygh Capital Management Decreased Stake in Bank Of The Ozarks (OZRK) by $2.72 Million as Valuation Declined; Rexnord (RXN) Shareholder Piermont Capital Management Has Boosted Stake by $1.29 Million as Shares Rose

February 22, 2018 - By wolcottdaily

Tygh Capital Management Inc decreased its stake in Bank Of The Ozarks (OZRK) by 46.48% based on its latest 2017Q3 regulatory filing with the SEC. Tygh Capital Management Inc sold 56,699 shares as the company’s stock declined 14.66% while stock markets rallied. The institutional investor held 65,297 shares of the major banks company at the end of 2017Q3, valued at $3.14M, down from 121,996 at the end of the previous reported quarter. Tygh Capital Management Inc who had been investing in Bank Of The Ozarks for a number of months, seems to be less bullish one the $6.59 billion market cap company. The stock increased 0.53% or $0.27 during the last trading session, reaching $51.02. About 48,880 shares traded. Bank of the Ozarks (NASDAQ:OZRK) has risen 26.77% since February 22, 2017 and is uptrending. It has outperformed by 10.07% the S&P500.

Piermont Capital Management Llc increased its stake in Rexnord Corporation (RXN) by 138.86% based on its latest 2017Q3 regulatory filing with the SEC. Piermont Capital Management Llc bought 51,420 shares as the company’s stock rose 4.00% with the market. The institutional investor held 88,450 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.25 million, up from 37,030 at the end of the previous reported quarter. Piermont Capital Management Llc who had been investing in Rexnord Corporation for a number of months, seems to be bullish on the $3.01B market cap company. The stock increased 1.08% or $0.31 during the last trading session, reaching $28.99. About 136,911 shares traded. Rexnord Corporation (NYSE:RXN) has risen 17.47% since February 22, 2017 and is uptrending. It has outperformed by 0.77% the S&P500.

Investors sentiment increased to 1.53 in Q3 2017. Its up 0.05, from 1.48 in 2017Q2. It increased, as 14 investors sold RXN shares while 46 reduced holdings. 34 funds opened positions while 58 raised stakes. 103.44 million shares or 1.16% less from 104.65 million shares in 2017Q2 were reported. Moreover, Raymond James Assocs has 0.01% invested in Rexnord Corporation (NYSE:RXN) for 119,847 shares. Dimensional Fund Advsr Limited Partnership reported 0.03% of its portfolio in Rexnord Corporation (NYSE:RXN). Public Employees Retirement System Of Ohio owns 5,758 shares. Etrade Capital Mgmt Ltd Limited Liability Company stated it has 0.02% of its portfolio in Rexnord Corporation (NYSE:RXN). Swiss Retail Bank holds 0% or 172,600 shares. Amalgamated National Bank holds 0.01% or 12,949 shares in its portfolio. 146,841 were reported by Credit Suisse Ag. Geode Mgmt Limited Liability Corp reported 849,038 shares. The United Kingdom-based Impax Asset Mngmt Limited has invested 2.49% in Rexnord Corporation (NYSE:RXN). Ameriprise Financial invested in 0% or 124,971 shares. Polar Asset Mngmt Prtnrs Incorporated stated it has 0.36% of its portfolio in Rexnord Corporation (NYSE:RXN). Manufacturers Life Insur The stated it has 78,398 shares. Gotham Asset Mgmt Limited Liability Corporation stated it has 324,941 shares. 26,941 were reported by Paloma Prtnrs Mngmt. State Street Corp has 0% invested in Rexnord Corporation (NYSE:RXN) for 1.95M shares.

Since September 6, 2017, it had 0 insider buys, and 2 selling transactions for $556,410 activity.

Piermont Capital Management Llc, which manages about $208.82M and $302.02M US Long portfolio, decreased its stake in Hill (NYSE:HRC) by 12,710 shares to 15,920 shares, valued at $1.18 million in 2017Q3, according to the filing. It also reduced its holding in Silicon Laboratories Inc. (NASDAQ:SLAB) by 14,759 shares in the quarter, leaving it with 15,800 shares, and cut its stake in Quest Diagnostics Incorporated (NYSE:DGX).

Among 10 analysts covering Rexnord Corporation (NYSE:RXN), 8 have Buy rating, 0 Sell and 2 Hold. Therefore 80% are positive. Rexnord Corporation had 31 analyst reports since August 6, 2015 according to SRatingsIntel. Barclays Capital downgraded the stock to “Equal-Weight” rating in Monday, October 5 report. The company was upgraded on Monday, October 24 by Barclays Capital. The stock has “Buy” rating by Bank of America on Monday, January 8. The stock of Rexnord Corporation (NYSE:RXN) has “Buy” rating given on Thursday, November 2 by SunTrust. The rating was maintained by Oppenheimer on Thursday, August 6 with “Outperform”. Robert W. Baird maintained Rexnord Corporation (NYSE:RXN) rating on Monday, January 8. Robert W. Baird has “Buy” rating and $33.0 target. The stock has “Equalweight” rating by Barclays Capital on Monday, July 18. SunTrust maintained Rexnord Corporation (NYSE:RXN) on Thursday, February 1 with “Buy” rating. The firm earned “Buy” rating on Thursday, October 26 by SunTrust. The firm has “Overweight” rating given on Thursday, February 1 by KeyBanc Capital Markets.

Investors sentiment decreased to 1.08 in 2017 Q3. Its down 0.23, from 1.31 in 2017Q2. It is negative, as 42 investors sold OZRK shares while 102 reduced holdings. 46 funds opened positions while 109 raised stakes. 104.17 million shares or 2.52% less from 106.85 million shares in 2017Q2 were reported. Tdam Usa has invested 0.52% of its portfolio in Bank of the Ozarks (NASDAQ:OZRK). Ameriprise has 1.37 million shares for 0.03% of their portfolio. Weaver C Barksdale & Assocs Inc stated it has 0.01% of its portfolio in Bank of the Ozarks (NASDAQ:OZRK). Td Asset Inc owns 441,439 shares or 0.03% of their US portfolio. Advisory Svcs Network Lc holds 562 shares. Ubs Asset Mngmt Americas Inc reported 0.01% stake. Public Employees Retirement Association Of Colorado holds 0.01% of its portfolio in Bank of the Ozarks (NASDAQ:OZRK) for 21,349 shares. Cornerstone Advsrs invested 0.01% in Bank of the Ozarks (NASDAQ:OZRK). Louisiana State Employees Retirement System holds 0.07% or 32,400 shares. Federated Pa accumulated 58,829 shares. Wells Fargo And Mn holds 0.01% of its portfolio in Bank of the Ozarks (NASDAQ:OZRK) for 651,189 shares. Ameritas Ptnrs owns 36,339 shares. Systematic Management LP stated it has 524,582 shares or 0.51% of all its holdings. Monarch Partners Asset Mngmt Limited Liability owns 137,809 shares or 0.64% of their US portfolio. Broadview Ltd Liability Co has invested 1.29% in Bank of the Ozarks (NASDAQ:OZRK).

Among 12 analysts covering Bank of the Ozarks (NASDAQ:OZRK), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Bank of the Ozarks had 38 analyst reports since August 25, 2015 according to SRatingsIntel. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. On Wednesday, November 30 the stock rating was initiated by Brean Capital with “Buy”. The firm earned “Buy” rating on Thursday, January 18 by Piper Jaffray. The company was maintained on Tuesday, January 2 by Brean Capital. Piper Jaffray upgraded Bank of the Ozarks (NASDAQ:OZRK) on Friday, May 6 to “Overweight” rating. Stephens maintained the shares of OZRK in report on Thursday, August 3 with “Hold” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Wednesday, July 5. The stock of Bank of the Ozarks (NASDAQ:OZRK) has “Hold” rating given on Wednesday, January 3 by SunTrust. The stock of Bank of the Ozarks (NASDAQ:OZRK) has “Buy” rating given on Thursday, October 12 by Keefe Bruyette & Woods. The rating was maintained by Brean Capital on Friday, June 2 with “Buy”.

Tygh Capital Management Inc, which manages about $521.11M and $500.47 million US Long portfolio, upped its stake in Bright Horizons Family Solut (NYSE:BFAM) by 4,339 shares to 62,937 shares, valued at $5.43 million in 2017Q3, according to the filing. It also increased its holding in Coherent Inc (NASDAQ:COHR) by 9,529 shares in the quarter, for a total of 35,672 shares, and has risen its stake in Lumentum Holdings Inc.

Analysts await Bank of the Ozarks (NASDAQ:OZRK) to report earnings on April, 10. They expect $0.85 earnings per share, up 16.44% or $0.12 from last year’s $0.73 per share. OZRK’s profit will be $109.81M for 15.01 P/E if the $0.85 EPS becomes a reality. After $0.75 actual earnings per share reported by Bank of the Ozarks for the previous quarter, Wall Street now forecasts 13.33% EPS growth.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 wolcottdaily

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: