Stock News

Contravisory Investment Management Has Lowered Its Progressive Ohio (PGR) Position; Catalent (CTLT) SI Decreased By 2%

The Progressive Corporation (NYSE:PGR) Logo

Catalent Inc (NYSE:CTLT) had a decrease of 2% in short interest. CTLT’s SI was 2.82M shares in June as released by FINRA. Its down 2% from 2.87 million shares previously. With 875,600 avg volume, 3 days are for Catalent Inc (NYSE:CTLT)’s short sellers to cover CTLT’s short positions. The stock increased 0.12% or $0.05 during the last trading session, reaching $40.26. About 840,335 shares traded or 13.09% up from the average. Catalent, Inc. (NYSE:CTLT) has risen 9.81% since June 14, 2017 and is uptrending. It has underperformed by 2.76% the S&P500. Some Historical CTLT News: ; 01/05/2018 – CATALENT 3Q ADJ EPS 41C, EST. 39C; 01/05/2018 – Catalent Sees FY18 Rev $2.42B-$2.48B; 23/04/2018 – BLACKMORES LTD – ACQUIRED CATALENT AUSTRALIA TABLET AND SOFT-GEL CAPSULE MANUFACTURING FACILITY IN VICTORIA FOR $43.2 MLN; 01/05/2018 – CATALENT 3Q ADJ EBITDA $139.0M, EST. $137.3M; 01/05/2018 – Catalent Sees FY18 Adj Net $212M-$232M; 21/04/2018 – DJ Catalent Inc, Inst Holders, 1Q 2018 (CTLT); 03/05/2018 – Catalent Closes Below 200-Day Moving Average: Technicals; 01/05/2018 – CATALENT 3Q ADJ EBITDA $139.0M; 24/04/2018 – Catalent Closes Below 50-Day Moving Average: Technicals; 01/05/2018 – Catalent 3Q EPS 14c

Contravisory Investment Management Inc decreased Progressive Corp Ohio (PGR) stake by 5.95% reported in 2018Q1 SEC filing. Contravisory Investment Management Inc sold 7,264 shares as Progressive Corp Ohio (PGR)’s stock rose 5.95%. The Contravisory Investment Management Inc holds 114,727 shares with $6.99M value, down from 121,991 last quarter. Progressive Corp Ohio now has $36.41 billion valuation. The stock increased 0.97% or $0.6 during the last trading session, reaching $62.52. About 4.82 million shares traded or 54.15% up from the average. The Progressive Corporation (NYSE:PGR) has risen 47.50% since June 14, 2017 and is uptrending. It has outperformed by 34.93% the S&P500. Some Historical PGR News: ; 09/03/2018 – GUIDANCE: Progressive Corp $Benchmark 30Y +100#; 25/04/2018 – REG-Progressive Announces Investor Relations Conference Call; 17/04/2018 – CORRECT: PROGRESSIVE 1Q EPS $1.22; 14/03/2018 – Progressive February Net Premiums Earned $2.2; 18/05/2018 – FITCH AFFIRMS PROGRESSIVE’S RATINGS; OUTLOOK STABLE; 14/03/2018 – PROGRESSIVE FEB. NET PREMIUMS EARNED $2.20B :PGR US; 16/05/2018 – REG-Progressive Reports April 2018 Results; 09/03/2018 – S&PGR Rates Progressive Sr. Unsec. Debt And Preferred Shares; 14/05/2018 – PROGRESSIVE ELECTS LAWTON W. FITT AS CHAIRPERSON; 16/05/2018 – PROGRESSIVE – NET PREMIUMS EARNED FOR APRIL WAS $2,882.9 MLN, UP 21 PCT

Investors sentiment decreased to 0.98 in 2018 Q1. Its down 0.19, from 1.17 in 2017Q4. It worsened, as 36 investors sold PGR shares while 231 reduced holdings. 81 funds opened positions while 180 raised stakes. 450.02 million shares or 0.77% less from 453.53 million shares in 2017Q4 were reported. Verition Fund Mgmt Lc holds 0.06% in The Progressive Corporation (NYSE:PGR) or 13,864 shares. Macquarie Group Ltd has invested 0% in The Progressive Corporation (NYSE:PGR). Wendell David Associates invested in 5,200 shares. Counselors invested in 37,879 shares or 0.11% of the stock. Baystate Wealth Limited Liability Company stated it has 80 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh stated it has 8,500 shares. Apg Asset Management Nv, a Netherlands-based fund reported 4.31M shares. Nicholas Invest Partners Lp accumulated 180,693 shares. 732,401 are owned by Smith Asset Grp Inc L P. Evergreen Cap Mgmt Ltd Limited Liability Company holds 0.02% in The Progressive Corporation (NYSE:PGR) or 4,130 shares. Cibc World Markets Inc has 95,988 shares. Massachusetts Services Communication Ma invested 0% in The Progressive Corporation (NYSE:PGR). Cortland Assocs Incorporated Mo holds 0.07% or 6,196 shares. 7,750 are held by Tctc Lc. British Columbia Inv Mgmt Corporation holds 0.14% or 312,103 shares in its portfolio.

Among 21 analysts covering Progressive (NYSE:PGR), 8 have Buy rating, 3 Sell and 10 Hold. Therefore 38% are positive. Progressive had 69 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, August 3 by Wells Fargo. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Wednesday, November 15. The firm has “Buy” rating given on Monday, March 20 by Bank of America. Buckingham Research maintained The Progressive Corporation (NYSE:PGR) on Thursday, May 17 with “Underperform” rating. Morgan Stanley maintained The Progressive Corporation (NYSE:PGR) rating on Wednesday, April 18. Morgan Stanley has “Equal-Weight” rating and $64 target. Wood downgraded The Progressive Corporation (NYSE:PGR) on Thursday, May 17 to “Market Perform” rating. On Wednesday, October 18 the stock rating was maintained by Citigroup with “Neutral”. Keefe Bruyette & Woods maintained it with “Buy” rating and $4800 target in Tuesday, June 20 report. Sandler O’Neill maintained The Progressive Corporation (NYSE:PGR) rating on Tuesday, April 17. Sandler O’Neill has “Buy” rating and $6900 target. JMP Securities initiated The Progressive Corporation (NYSE:PGR) rating on Wednesday, September 16. JMP Securities has “Market Outperform” rating and $36 target.

Since April 25, 2018, it had 0 insider purchases, and 4 insider sales for $2.28 million activity. $762,804 worth of stock was sold by Griffith Susan Patricia on Friday, May 18. Broz Steven sold $121,236 worth of stock. On Thursday, May 17 BASCH JEFFREY W sold $665,940 worth of The Progressive Corporation (NYSE:PGR) or 11,000 shares. Sauerland John P sold $726,240 worth of The Progressive Corporation (NYSE:PGR) on Friday, May 18.

Analysts await The Progressive Corporation (NYSE:PGR) to report earnings on July, 17. They expect $0.94 earnings per share, up 59.32% or $0.35 from last year’s $0.59 per share. PGR’s profit will be $547.43M for 16.63 P/E if the $0.94 EPS becomes a reality. After $1.22 actual earnings per share reported by The Progressive Corporation for the previous quarter, Wall Street now forecasts -22.95% negative EPS growth.

More news for The Progressive Corporation (NYSE:PGR) were recently published by: Seekingalpha.com, which released: “Progressive gains as much as 4.6% as May EPS surges from a year ago” on June 13, 2018. Seekingalpha.com‘s article titled: “Progressive’s Dashboard Report – April 2018 Update” and published on May 17, 2018 is yet another important article.

Since March 8, 2018, it had 0 insider buys, and 1 insider sale for $379,628 activity. Downie William sold 9,082 shares worth $379,628.

Among 15 analysts covering Catalent (NYSE:CTLT), 10 have Buy rating, 0 Sell and 5 Hold. Therefore 67% are positive. Catalent has $50 highest and $28 lowest target. $40.92’s average target is 1.64% above currents $40.26 stock price. Catalent had 37 analyst reports since September 3, 2015 according to SRatingsIntel. Wells Fargo downgraded Catalent, Inc. (NYSE:CTLT) on Tuesday, December 22 to “Market Perform” rating. Bank of America maintained the stock with “Buy” rating in Tuesday, February 6 report. Bank of America maintained the shares of CTLT in report on Thursday, September 3 with “Buy” rating. The firm has “Hold” rating given on Tuesday, February 6 by Stephens. The stock of Catalent, Inc. (NYSE:CTLT) earned “Buy” rating by RBC Capital Markets on Monday, February 5. The rating was initiated by KeyBanc Capital Markets with “Overweight” on Thursday, October 20. KeyBanc Capital Markets upgraded the shares of CTLT in report on Wednesday, March 28 to “Overweight” rating. As per Monday, June 26, the company rating was maintained by Jefferies. The firm has “Buy” rating by Bank of America given on Tuesday, August 29. Raymond James downgraded Catalent, Inc. (NYSE:CTLT) on Wednesday, December 9 to “Mkt Perform” rating.

The Progressive Corporation (NYSE:PGR) Institutional Positions Chart

Leave a Reply

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