Wedge Capital Management L LP Has Trimmed Its Treehouse Foods (THS) Stake; Tensile Capital Management Upped By $832,888 Its Matson (MATX) Position

February 19, 2018 - By Vivian Currie

Wedge Capital Management L LP decreased Treehouse Foods Inc. (THS) stake by 1.08% reported in 2017Q3 SEC filing. Wedge Capital Management L LP sold 9,535 shares as Treehouse Foods Inc. (THS)’s stock declined 7.56%. The Wedge Capital Management L LP holds 871,215 shares with $59.01 million value, down from 880,750 last quarter. Treehouse Foods Inc. now has $2.19B valuation. The stock increased 2.13% or $0.8 during the last trading session, reaching $38.28. About 3.72 million shares traded or 292.33% up from the average. Treehouse Foods, Inc. (NYSE:THS) has declined 15.01% since February 19, 2017 and is downtrending. It has underperformed by 31.71% the S&P500.

Tensile Capital Management Llc increased Matson Inc (MATX) stake by 13.22% reported in 2017Q3 SEC filing. Tensile Capital Management Llc acquired 29,746 shares as Matson Inc (MATX)’s stock declined 18.22%. The Tensile Capital Management Llc holds 254,746 shares with $7.18 million value, up from 225,000 last quarter. Matson Inc now has $1.48B valuation. The stock decreased 1.44% or $0.51 during the last trading session, reaching $34.9. About 234,341 shares traded. Matson, Inc. (NYSE:MATX) has declined 5.12% since February 19, 2017 and is downtrending. It has underperformed by 21.82% the S&P500.

Since August 28, 2017, it had 1 insider buy, and 0 selling transactions for $24,135 activity. $24,135 worth of Matson, Inc. (NYSE:MATX) was bought by LAU CONSTANCE H on Monday, August 28.

Investors sentiment decreased to 1.03 in Q3 2017. Its down 0.03, from 1.06 in 2017Q2. It worsened, as 17 investors sold MATX shares while 52 reduced holdings. 24 funds opened positions while 47 raised stakes. 35.66 million shares or 2.05% less from 36.41 million shares in 2017Q2 were reported. Clark Mgmt Incorporated holds 0.07% of its portfolio in Matson, Inc. (NYSE:MATX) for 73,068 shares. Parametric Port Associates Ltd Liability Co reported 0% stake. Blackrock has 0.01% invested in Matson, Inc. (NYSE:MATX). Menta Cap Ltd Liability reported 12,804 shares. State Of Tennessee Treasury Department stated it has 0.01% of its portfolio in Matson, Inc. (NYSE:MATX). Glenmede Na accumulated 562,453 shares. 129,544 were accumulated by Goldman Sachs. Swiss Comml Bank reported 17,900 shares stake. Td Asset Management accumulated 0% or 41,400 shares. Citigroup reported 0% of its portfolio in Matson, Inc. (NYSE:MATX). Regions reported 0% stake. Morgan Stanley invested 0% in Matson, Inc. (NYSE:MATX). Hanson Mcclain invested in 5,280 shares. Contravisory Invest Inc holds 0% or 37 shares in its portfolio. Moreover, State Street has 0% invested in Matson, Inc. (NYSE:MATX).

Among 6 analysts covering Matson (NYSE:MATX), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Matson had 15 analyst reports since August 5, 2015 according to SRatingsIntel. Stephens downgraded it to “Hold” rating and $23.0 target in Friday, August 18 report. As per Thursday, December 15, the company rating was initiated by Seaport Global. The rating was maintained by Stephens with “Hold” on Monday, January 8. Wells Fargo upgraded the stock to “Hold” rating in Monday, January 29 report. Wells Fargo downgraded the stock to “Underperform” rating in Friday, August 18 report. The rating was upgraded by Seaport Global to “Buy” on Monday, January 29. The firm earned “Mkt Perform” rating on Monday, November 9 by FBR Capital. The rating was upgraded by Stifel Nicolaus on Friday, August 18 to “Buy”. Stifel Nicolaus maintained it with “Buy” rating and $30.0 target in Thursday, September 21 report. The rating was maintained by Stifel Nicolaus on Friday, November 3 with “Buy”.

Wedge Capital Management L LP increased Lamar Advertising Company Class A (NASDAQ:LAMR) stake by 200,295 shares to 1.77 million valued at $121.35M in 2017Q3. It also upped Mgm Growth Properties Llc Class A stake by 523,915 shares and now owns 2.14M shares. Southwestern Energy Company (NYSE:SWN) was raised too.

Among 18 analysts covering Treehouse Foods (NYSE:THS), 4 have Buy rating, 2 Sell and 12 Hold. Therefore 22% are positive. Treehouse Foods had 59 analyst reports since August 7, 2015 according to SRatingsIntel. Bank of America maintained the stock with “Neutral” rating in Tuesday, November 14 report. On Wednesday, November 15 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The company was initiated on Tuesday, February 9 by JP Morgan. The stock has “Hold” rating by BMO Capital Markets on Friday, February 16. The firm has “Buy” rating by Jefferies given on Wednesday, December 16. The stock of Treehouse Foods, Inc. (NYSE:THS) earned “Hold” rating by Stifel Nicolaus on Thursday, February 15. As per Thursday, August 3, the company rating was maintained by Stifel Nicolaus. Stifel Nicolaus maintained the shares of THS in report on Monday, October 23 with “Buy” rating. The firm earned “Hold” rating on Thursday, November 3 by Suntrust Robinson. The company was maintained on Monday, September 4 by Stifel Nicolaus.

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By1 Vivian Currie

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