Verizon Communications (VZ) Shareholder Gareth Morgan Investments Limited Partnership Cut Its Position; U S Global Investors Increases Stake in Royal Gold (RGLD)

February 15, 2018 - By Michael Collier

U S Global Investors Inc increased its stake in Royal Gold Inc (RGLD) by 134.89% based on its latest 2017Q3 regulatory filing with the SEC. U S Global Investors Inc bought 4,090 shares as the company’s stock rose 12.65% with the market. The institutional investor held 7,122 shares of the basic industries company at the end of 2017Q3, valued at $613,000, up from 3,032 at the end of the previous reported quarter. U S Global Investors Inc who had been investing in Royal Gold Inc for a number of months, seems to be bullish on the $5.58 billion market cap company. The stock increased 0.27% or $0.23 during the last trading session, reaching $85.31. About 323,708 shares traded. Royal Gold, Inc. (NASDAQ:RGLD) has risen 42.70% since February 15, 2017 and is uptrending. It has outperformed by 26.00% the S&P500.

Gareth Morgan Investments Limited Partnership decreased its stake in Verizon Communications Inc (VZ) by 20.22% based on its latest 2017Q3 regulatory filing with the SEC. Gareth Morgan Investments Limited Partnership sold 21,068 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 83,146 shares of the telecommunications equipment company at the end of 2017Q3, valued at $4.12 million, down from 104,214 at the end of the previous reported quarter. Gareth Morgan Investments Limited Partnership who had been investing in Verizon Communications Inc for a number of months, seems to be less bullish one the $201.50B market cap company. The stock decreased 0.22% or $0.11 during the last trading session, reaching $49.4. About 11.13M shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since February 15, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

U S Global Investors Inc, which manages about $845.00 million and $272.08M US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 4,286 shares to 13,868 shares, valued at $3.53M in 2017Q3, according to the filing. It also reduced its holding in Textron Inc (NYSE:TXT) by 11,533 shares in the quarter, leaving it with 65,605 shares, and cut its stake in Direxion Shs Etf Tr.

Among 12 analysts covering Royal Gold Inc. (NASDAQ:RGLD), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Royal Gold Inc. had 48 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, December 18 by BMO Capital Markets. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, August 12 report. Scotia Capital maintained the shares of RGLD in report on Monday, January 15 with “Hold” rating. BMO Capital Markets initiated it with “Outperform” rating and $60 target in Monday, September 14 report. Canaccord Genuity downgraded it to “Hold” rating and $99.0 target in Thursday, December 28 report. FBR Capital maintained the shares of RGLD in report on Tuesday, May 3 with “Mkt Perform” rating. RBC Capital Markets maintained Royal Gold, Inc. (NASDAQ:RGLD) rating on Monday, July 10. RBC Capital Markets has “Buy” rating and $8300 target. On Sunday, December 3 the stock rating was maintained by RBC Capital Markets with “Buy”. The stock of Royal Gold, Inc. (NASDAQ:RGLD) earned “Market Perform” rating by FBR Capital on Wednesday, August 16. As per Wednesday, July 20, the company rating was maintained by FBR Capital.

Since August 16, 2017, it had 0 buys, and 7 insider sales for $3.54 million activity. Kirchhoff Bruce Christopher sold $2.49M worth of stock or 28,805 shares. Another trade for 1,500 shares valued at $127,500 was sold by WENGER STEFAN. 25,000 shares were sold by JENSEN TONY A, worth $2.25M. Anderson Karli S. also sold $206,860 worth of Royal Gold, Inc. (NASDAQ:RGLD) on Monday, August 28.

Investors sentiment increased to 1.41 in Q3 2017. Its up 0.03, from 1.38 in 2017Q2. It is positive, as 21 investors sold RGLD shares while 69 reduced holdings. 42 funds opened positions while 85 raised stakes. 46.63 million shares or 2.43% more from 45.52 million shares in 2017Q2 were reported. Washington Trust Retail Bank reported 0.02% stake. Bnp Paribas Arbitrage owns 21,275 shares or 0% of their US portfolio. Jane Street Gru Ltd Liability Co owns 0.01% invested in Royal Gold, Inc. (NASDAQ:RGLD) for 42,198 shares. Summit Group Incorporated Limited Liability Co invested 0.04% in Royal Gold, Inc. (NASDAQ:RGLD). California Employees Retirement System holds 163,015 shares or 0.02% of its portfolio. 717,248 are held by Clearbridge Limited Com. Beacon Financial Group holds 0.74% in Royal Gold, Inc. (NASDAQ:RGLD) or 47,872 shares. Tower Rech Capital Ltd (Trc) has 323 shares for 0% of their portfolio. Morgan Stanley owns 0.02% invested in Royal Gold, Inc. (NASDAQ:RGLD) for 675,476 shares. Cap World invested in 0.1% or 5.02M shares. Fdx Advisors reported 0.04% in Royal Gold, Inc. (NASDAQ:RGLD). Walleye Trading Ltd stated it has 0% in Royal Gold, Inc. (NASDAQ:RGLD). Hussman Strategic reported 10,000 shares or 0.21% of all its holdings. 10,583 were reported by Sei Invs. Cambridge Rech invested in 0.02% or 16,151 shares.

Gareth Morgan Investments Limited Partnership, which manages about $830.20M US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 5,458 shares to 29,586 shares, valued at $5.52M in 2017Q3, according to the filing. It also increased its holding in Blackrock Inc (NYSE:BLK) by 5,498 shares in the quarter, for a total of 29,449 shares, and has risen its stake in Cummins Inc (NYSE:CMI).

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It is flat, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Noesis Cap Mangement holds 5,224 shares. Paradigm Advsr Limited Liability Com holds 0.22% or 9,832 shares. Lincoln Natl holds 0.09% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 43,878 shares. Bontempo Ohly Cap Management Limited Liability Corporation holds 63,899 shares. Wealth Architects Ltd Liability Com invested in 11,597 shares. West Coast Finance Limited Company holds 33,169 shares or 0.45% of its portfolio. Arete Wealth Advsr Ltd Liability invested 0.28% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Compton Management Ri has 76,624 shares for 1.7% of their portfolio. Advisory Services Net Lc has invested 0.58% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Kanawha Capital Limited Company holds 1.23% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 162,274 shares. Mercer Capital Advisers Inc reported 0.44% in Verizon Communications Inc. (NYSE:VZ). Prentiss Smith Inc holds 8,195 shares. Invest Centers Of America reported 119,243 shares or 0.43% of all its holdings. Chesley Taft & Associate Limited Co holds 0.17% or 39,943 shares in its portfolio. Aspen Invest Inc has 17,215 shares for 0.63% of their portfolio.

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 Michael Collier

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: