Market News

Investar Hldg (ISTR) Holder Stieven Capital Advisors LP Has Upped Its Stake by $3.48 Million; Findlay Park Partners Llp Has Increased Holding in Ppg Inds (PPG) by $30.01 Million as Market Value Declined

PPG Industries, Inc. (NYSE:PPG) Logo

Stieven Capital Advisors Lp increased its stake in Investar Hldg Corp (ISTR) by 63.59% based on its latest 2018Q1 regulatory filing with the SEC. Stieven Capital Advisors Lp bought 139,155 shares as the company’s stock rose 11.43% while stock markets declined. The hedge fund held 357,990 shares of the major banks company at the end of 2018Q1, valued at $9.25 million, up from 218,835 at the end of the previous reported quarter. Stieven Capital Advisors Lp who had been investing in Investar Hldg Corp for a number of months, seems to be bullish on the $266.94M market cap company. The stock increased 2.19% or $0.6 during the last trading session, reaching $27.95. About 32,865 shares traded or 110.00% up from the average. Investar Holding Corporation (NASDAQ:ISTR) has risen 21.88% since June 2, 2017 and is uptrending. It has outperformed by 9.31% the S&P500.

Findlay Park Partners Llp increased its stake in Ppg Inds Inc (PPG) by 32.86% based on its latest 2018Q1 regulatory filing with the SEC. Findlay Park Partners Llp bought 270,378 shares as the company’s stock declined 12.02% with the market. The institutional investor held 1.09M shares of the basic industries company at the end of 2018Q1, valued at $122.00 million, up from 822,798 at the end of the previous reported quarter. Findlay Park Partners Llp who had been investing in Ppg Inds Inc for a number of months, seems to be bullish on the $25.43B market cap company. The stock increased 1.08% or $1.09 during the last trading session, reaching $102.01. About 1.42M shares traded. PPG Industries, Inc. (NYSE:PPG) has declined 3.28% since June 2, 2017 and is downtrending. It has underperformed by 15.85% the S&P500.

Another recent and important Investar Holding Corporation (NASDAQ:ISTR) news was published by Globenewswire.com which published an article titled: “EY Announces John D’Angelo, CEO of Investar Bank, as Entrepreneur Of The Year® 2018 Award Finalist in the Gulf …” on May 15, 2018.

Among 4 analysts covering Investar (NASDAQ:ISTR), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Investar had 6 analyst reports since August 26, 2016 according to SRatingsIntel. The rating was maintained by Piper Jaffray with “Buy” on Thursday, July 27. The firm earned “Overweight” rating on Thursday, October 5 by PiperJaffray. Raymond James downgraded Investar Holding Corporation (NASDAQ:ISTR) on Thursday, August 10 to “Market Perform” rating. The rating was initiated by Raymond James on Friday, August 26 with “Outperform”. On Tuesday, April 24 the stock rating was maintained by Sandler O’Neill with “Buy”. The firm earned “Buy” rating on Monday, January 29 by Sandler O’Neill.

Stieven Capital Advisors Lp, which manages about $284.20M and $629.14 million US Long portfolio, decreased its stake in Bofi Hldg Inc (NASDAQ:BOFI) by 108,400 shares to 451,002 shares, valued at $18.28M in 2018Q1, according to the filing. It also reduced its holding in First Internet Bancorp (NASDAQ:INBK) by 61,862 shares in the quarter, leaving it with 616,776 shares, and cut its stake in Wintrust Finl Corp (NASDAQ:WTFC).

Findlay Park Partners Llp, which manages about $10.05B US Long portfolio, decreased its stake in Adobe Sys Inc (NASDAQ:ADBE) by 26,967 shares to 1.46M shares, valued at $316.13M in 2018Q1, according to the filing. It also reduced its holding in Danaher Corp Del (NYSE:DHR) by 467,348 shares in the quarter, leaving it with 3.65M shares, and cut its stake in Grupo Supervielle S A.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.02, from 1 in 2017Q4. It dived, as 42 investors sold PPG shares while 246 reduced holdings. 66 funds opened positions while 215 raised stakes. 183.14 million shares or 1.72% less from 186.33 million shares in 2017Q4 were reported. Quantitative Mngmt Limited Co invested in 47,300 shares. Spf Beheer Bv holds 3.41% of its portfolio in PPG Industries, Inc. (NYSE:PPG) for 724,493 shares. Jpmorgan Chase Comm owns 4.06M shares. Destination Wealth invested 0.06% in PPG Industries, Inc. (NYSE:PPG). Alliancebernstein Lp holds 0.03% or 429,689 shares in its portfolio. Old Natl Retail Bank In has 0.04% invested in PPG Industries, Inc. (NYSE:PPG) for 6,205 shares. Gamble Jones Inv Counsel has 3,060 shares for 0.03% of their portfolio. Ironwood Invest Counsel accumulated 0.13% or 2,600 shares. Davis Selected Advisers reported 5,470 shares. Provident Trust Com owns 3,984 shares for 0.02% of their portfolio. Benjamin F Edwards & Co reported 1,814 shares or 0.02% of all its holdings. Marathon Cap Management reported 2,000 shares stake. Luminus Mngmt Ltd Liability Com invested in 90,146 shares or 0.21% of the stock. One National Association holds 0.03% or 4,370 shares. Halsey Assoc Incorporated Ct reported 6,326 shares or 0.12% of all its holdings.

Since February 22, 2018, it had 0 insider buys, and 1 sale for $1.10 million activity.

More notable recent PPG Industries, Inc. (NYSE:PPG) news were published by: Bizjournals.com which released: “PPG finishes $1.8M expansion in Mexico” on May 31, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Shareholders of PPG Industries, Inc. of a Class Action Lawsuit …” published on May 31, 2018, Globenewswire.com published: “PPG ALERT: Rosen Law Firm Announces First Filed Securities Class Action Against PPG Industries, Inc. – PPG” on May 29, 2018. More interesting news about PPG Industries, Inc. (NYSE:PPG) were released by: Businesswire.com and their article: “INVESTOR ALERT: Levi & Korsinsky, LLP Notifies Shareholders of PPG Industries, Inc. of a Class Action Lawsuit and a …” published on June 01, 2018 as well as Businesswire.com‘s news article titled: “PPG Receives NYSE Notice Regarding Delayed Form 10-Q Filing” with publication date: May 22, 2018.

Among 26 analysts covering PPG Industries (NYSE:PPG), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. PPG Industries had 81 analyst reports since September 6, 2015 according to SRatingsIntel. The rating was maintained by Credit Suisse with “Outperform” on Friday, April 20. On Tuesday, October 25 the stock rating was downgraded by Argus Research to “Hold”. The stock of PPG Industries, Inc. (NYSE:PPG) has “Overweight” rating given on Wednesday, March 15 by Atlantic Securities. The firm has “Outperform” rating given on Tuesday, October 11 by RBC Capital Markets. Northcoast maintained PPG Industries, Inc. (NYSE:PPG) rating on Friday, January 19. Northcoast has “Buy” rating and $128.0 target. The stock of PPG Industries, Inc. (NYSE:PPG) earned “Hold” rating by RBC Capital Markets on Monday, August 7. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, March 15 report. As per Thursday, June 23, the company rating was upgraded by Longbow. The stock has “Hold” rating by RBC Capital Markets on Tuesday, May 30. The firm earned “Outperform” rating on Friday, October 20 by Credit Suisse.

PPG Industries, Inc. (NYSE:PPG) Institutional Positions Chart

Leave a Reply

Your email address will not be published. Required fields are marked *