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South St (SSB) Shareholder Westwood Holdings Group Lifted Position by $3.23 Million as Valuation Declined; Pentair Plc (PNR) Shareholder Indexiq Advisors Decreased Its Holding by $2.10 Million

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Indexiq Advisors Llc decreased its stake in Pentair Plc (PNR) by 28.65% based on its latest 2017Q4 regulatory filing with the SEC. Indexiq Advisors Llc sold 30,051 shares as the company’s stock declined 2.08% with the market. The institutional investor held 74,833 shares of the industrial machinery and components company at the end of 2017Q4, valued at $5.29M, down from 104,884 at the end of the previous reported quarter. Indexiq Advisors Llc who had been investing in Pentair Plc for a number of months, seems to be less bullish one the $8.17 billion market cap company. The stock increased 0.44% or $0.2 during the last trading session, reaching $45.82. About 1.03 million shares traded. Pentair plc (NYSE:PNR) has risen 11.82% since May 17, 2017 and is uptrending. It has outperformed by 0.27% the S&P500.

Westwood Holdings Group Inc increased its stake in South St Corp (SSB) by 6.71% based on its latest 2017Q4 regulatory filing with the SEC. Westwood Holdings Group Inc bought 37,132 shares as the company’s stock declined 4.12% with the market. The institutional investor held 590,762 shares of the major banks company at the end of 2017Q4, valued at $51.49 million, up from 553,630 at the end of the previous reported quarter. Westwood Holdings Group Inc who had been investing in South St Corp for a number of months, seems to be bullish on the $3.26 billion market cap company. The stock increased 0.39% or $0.35 during the last trading session, reaching $89. About 44,353 shares traded. South State Corporation (NASDAQ:SSB) has declined 1.28% since May 17, 2017 and is downtrending. It has underperformed by 12.83% the S&P500.

Among 9 analysts covering South State Corp (NASDAQ:SSB), 2 have Buy rating, 0 Sell and 7 Hold. Therefore 22% are positive. South State Corp had 36 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, January 8 by SunTrust. The stock has “Neutral” rating by PiperJaffray on Thursday, October 5. FIG Partners upgraded the stock to “Outperform” rating in Monday, January 25 report. The firm earned “Equal-Weight” rating on Wednesday, December 2 by Stephens. The company was maintained on Monday, April 16 by Brean Capital. The rating was upgraded by Wood on Tuesday, July 25 to “Outperform”. The firm earned “Hold” rating on Wednesday, November 30 by Brean Capital. The firm earned “Hold” rating on Monday, October 23 by Brean Capital. The firm earned “Hold” rating on Thursday, October 26 by Piper Jaffray. SunTrust maintained it with “Buy” rating and $102 target in Thursday, October 26 report.

Westwood Holdings Group Inc, which manages about $13.29B US Long portfolio, decreased its stake in Equity Residential (NYSE:EQR) by 6,350 shares to 27,400 shares, valued at $1.75M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Index Fds (VUG) by 179,396 shares in the quarter, leaving it with 1.39 million shares, and cut its stake in Stanley Black & Decker Inc (NYSE:SWK).

Another recent and important South State Corporation (NASDAQ:SSB) news was published by Seekingalpha.com which published an article titled: “South State’s (SSB) CEO Robert Hill on Q1 2018 Results – Earnings Call Transcript” on April 24, 2018.

Since January 3, 2018, it had 0 buys, and 2 insider sales for $7.32 million activity. 100,000 shares were sold by HOGAN RANDALL J, worth $7.15 million.

Among 24 analysts covering Pentair Inc. (NYSE:PNR), 7 have Buy rating, 2 Sell and 15 Hold. Therefore 29% are positive. Pentair Inc. had 94 analyst reports since July 22, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Outperform” rating and $55 target in Wednesday, February 3 report. The stock has “Neutral” rating by Robert W. Baird on Tuesday, May 1. The stock of Pentair plc (NYSE:PNR) earned “Hold” rating by Stifel Nicolaus on Monday, April 16. The stock has “Hold” rating by Oppenheimer on Thursday, July 27. RBC Capital Markets maintained the shares of PNR in report on Wednesday, July 22 with “Outperform” rating. RBC Capital Markets maintained the shares of PNR in report on Wednesday, February 1 with “Outperform” rating. The firm has “Hold” rating given on Wednesday, January 31 by Stifel Nicolaus. The stock has “Hold” rating by Robert W. Baird on Tuesday, January 30. Canaccord Genuity maintained the stock with “Hold” rating in Friday, December 18 report. The firm has “Market Perform” rating given on Monday, August 22 by BMO Capital Markets.

Indexiq Advisors Llc, which manages about $1.21B and $2.72B US Long portfolio, upped its stake in Powershares Etf Tr Ii (PCY) by 281,588 shares to 557,773 shares, valued at $16.48M in 2017Q4, according to the filing. It also increased its holding in Heidrick & Struggles Intl In (NASDAQ:HSII) by 20,577 shares in the quarter, for a total of 53,471 shares, and has risen its stake in Vanguard Scottsdale Fds (VCIT).

More notable recent Pentair plc (NYSE:PNR) news were published by: Streetinsider.com which released: “KeyBanc Downgrades Pentair (PNR) to Sector Weight Citing Balanced Risk/Reward” on May 17, 2018, also Seekingalpha.com with their article: “Pentair Spin-Off Of nVent Looks Better Than The Parent” published on May 03, 2018, 247Wallst.com published: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018. More interesting news about Pentair plc (NYSE:PNR) were released by: Streetinsider.com and their article: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” published on May 15, 2018 as well as Benzinga.com‘s news article titled: “Benzinga’s Top Upgrades, Downgrades For May 17, 2018” with publication date: May 17, 2018.

Analysts await Pentair plc (NYSE:PNR) to report earnings on July, 24. They expect $0.69 earnings per share, down 31.00% or $0.31 from last year’s $1 per share. PNR’s profit will be $123.09 million for 16.60 P/E if the $0.69 EPS becomes a reality. After $0.88 actual earnings per share reported by Pentair plc for the previous quarter, Wall Street now forecasts -21.59% negative EPS growth.

South State Corporation (NASDAQ:SSB) Ratings Chart

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