Belden (BDC) Stake Held by Ironwood Investment Management Llc; Snow Capital Management LP Trimmed Stake in Pbf Energy (PBF) by $36.31 Million

September 14, 2018 - By Theresa McIntyre

Belden Inc. (NYSE:BDC) Logo

Snow Capital Management Lp decreased its stake in Pbf Energy Inc (PBF) by 43.87% based on its latest 2018Q2 regulatory filing with the SEC. Snow Capital Management Lp sold 885,640 shares as the company’s stock rose 12.89% with the market. The institutional investor held 1.13 million shares of the integrated oil company at the end of 2018Q2, valued at $47.52M, down from 2.02M at the end of the previous reported quarter. Snow Capital Management Lp who had been investing in Pbf Energy Inc for a number of months, seems to be less bullish one the $6.34 billion market cap company. The stock decreased 1.76% or $0.94 during the last trading session, reaching $52.39. About 1.45 million shares traded. PBF Energy Inc. (NYSE:PBF) has risen 110.58% since September 14, 2017 and is uptrending. It has outperformed by 94.96% the S&P500. Some Historical PBF News: 13/04/2018 – PBF Chalmette refinery restarts gasoline unit; 03/05/2018 – PBF SEES ALBERTA TO USEC RAIL COST $17-18/BBL; 03/05/2018 – PBF Energy 1Q Adj Loss/Shr 29c; 03/05/2018 – PBF Energy 1Q EPS 27c; 31/05/2018 – EXCLUSIVE-U.S. EPA grants refiners biofuel credits to remedy Obama-era waiver denials; 05/04/2018 – PBF CHALMETTE REFINERY PLANS FCCU RESTART FOR LATE NEXT WEEK; 03/05/2018 – PBF ENERGY BEGINS 1Q EARNINGS CONFERENCE CALL; 03/05/2018 – PBF Energy 1Q Rev $5.8B; 08/05/2018 – PBF HOLDING COMPANY LLC – ACCORDION FEATURE IN THE CREDIT AGREEMENT ALLOWS FOR COMMITMENTS OF UP TO $3.5 BLN; 16/04/2018 – PBF Logistics Announces Multi-Asset Growth Acquisitions

Ironwood Investment Management Llc increased its stake in Belden Inc (BDC) by 17.55% based on its latest 2018Q2 regulatory filing with the SEC. Ironwood Investment Management Llc bought 5,000 shares as the company’s stock rose 15.36% with the market. The institutional investor held 33,486 shares of the telecommunications equipment company at the end of 2018Q2, valued at $2.05 million, up from 28,486 at the end of the previous reported quarter. Ironwood Investment Management Llc who had been investing in Belden Inc for a number of months, seems to be bullish on the $2.97 billion market cap company. The stock increased 1.70% or $1.22 during the last trading session, reaching $72.95. About 239,083 shares traded. Belden Inc. (NYSE:BDC) has declined 11.59% since September 14, 2017 and is downtrending. It has underperformed by 27.21% the S&P500. Some Historical BDC News: 11/04/2018 – Belden Hosts a Convergence in the Digital Building Roadshow; 02/05/2018 – Belden 1Q EPS $1.16; 06/03/2018 Belden Announces €350 Million Private Offering of Senior Subordinated Notes; 02/05/2018 – Belden Raises Full-Yr Rev Guidance to Reflect the SAM Acquisition; 02/05/2018 – Belden Raises 2018 View To Rev $2.62B-$2.67B; 20/04/2018 – DJ Belden Inc, Inst Holders, 1Q 2018 (BDC); 02/05/2018 – Belden Offers Treatment And Jobs to Those Wrestling with Opioid And Other Substance Abuse; 24/05/2018 – Belden Declares Quarterly Dividends; 02/05/2018 – Belden 1Q Loss/Shr 15c; 09/05/2018 – Belden Non-Deal Roadshow Scheduled By Seaport for May. 16-17

Investors sentiment increased to 1.02 in Q2 2018. Its up 0.01, from 1.01 in 2018Q1. It is positive, as 27 investors sold BDC shares while 70 reduced holdings. 31 funds opened positions while 68 raised stakes. 48.63 million shares or 8.97% more from 44.62 million shares in 2018Q1 were reported. Jane Street reported 5,228 shares stake. Great West Life Assurance Com Can has invested 0% of its portfolio in Belden Inc. (NYSE:BDC). Bancshares Of America Corp De has invested 0% in Belden Inc. (NYSE:BDC). Ulysses Mngmt Lc has invested 0.11% in Belden Inc. (NYSE:BDC). Tiaa Cref Ltd Limited Liability Company stated it has 0% in Belden Inc. (NYSE:BDC). Oregon Employees Retirement Fund holds 0.01% in Belden Inc. (NYSE:BDC) or 16,325 shares. Credit Suisse Ag accumulated 0% or 50,331 shares. Teacher Retirement Sys Of Texas invested in 8,507 shares. Balyasny Asset Mngmt Ltd Company holds 0% of its portfolio in Belden Inc. (NYSE:BDC) for 16,429 shares. Texas Permanent School Fund has 0.02% invested in Belden Inc. (NYSE:BDC) for 26,235 shares. Cornerstone reported 11 shares. Mason Street Advisors Limited Liability Corporation holds 0.03% or 20,848 shares. Vantage Invest Advisors Lc reported 520 shares. 2,628 are held by Us Commercial Bank De. California-based Aperio Group Limited Com has invested 0.01% in Belden Inc. (NYSE:BDC).

Since May 14, 2018, it had 1 insider buy, and 1 insider sale for $90,815 activity. $108,612 worth of Belden Inc. (NYSE:BDC) shares were bought by CRESSEY BRYAN C.

Ironwood Investment Management Llc, which manages about $850.00M and $141.01 million US Long portfolio, decreased its stake in First Bancorp (Puerto Rico) (NYSE:FBP) by 68,469 shares to 72,245 shares, valued at $553,000 in 2018Q2, according to the filing.

Among 13 analysts covering Belden Inc. (NYSE:BDC), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Belden Inc. had 27 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was initiated by JP Morgan with “Neutral” on Monday, February 13. The company was downgraded on Saturday, September 5 by TheStreet. The company was maintained on Tuesday, September 12 by Canaccord Genuity. Canaccord Genuity maintained the shares of BDC in report on Tuesday, December 8 with “Buy” rating. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. The stock of Belden Inc. (NYSE:BDC) earned “Buy” rating by Guggenheim on Tuesday, July 11. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, December 6 report. The rating was maintained by Canaccord Genuity with “Buy” on Monday, July 10. The stock has “Buy” rating by Guggenheim on Wednesday, August 2. The rating was maintained by Deutsche Bank on Thursday, August 3 with “Buy”.

Snow Capital Management Lp, which manages about $3.43B and $2.18B US Long portfolio, upped its stake in Aegion Corp (NASDAQ:AEGN) by 35,968 shares to 194,247 shares, valued at $5.00M in 2018Q2, according to the filing. It also increased its holding in American International Group I (NYSE:AIG) by 10,992 shares in the quarter, for a total of 33,153 shares, and has risen its stake in Skechers U.S.A. Inc (NYSE:SKX).

Analysts await PBF Energy Inc. (NYSE:PBF) to report earnings on November, 1. They expect $1.13 EPS, down 21.53% or $0.31 from last year’s $1.44 per share. PBF’s profit will be $136.79 million for 11.59 P/E if the $1.13 EPS becomes a reality. After $1.38 actual EPS reported by PBF Energy Inc. for the previous quarter, Wall Street now forecasts -18.12% negative EPS growth.

Among 19 analysts covering PBF Energy Inc (NYSE:PBF), 4 have Buy rating, 3 Sell and 12 Hold. Therefore 21% are positive. PBF Energy Inc had 75 analyst reports since July 24, 2015 according to SRatingsIntel. The stock has “Hold” rating by RBC Capital Markets on Thursday, September 7. Morgan Stanley upgraded the stock to “Overweight” rating in Friday, January 15 report. The stock has “Neutral” rating by Macquarie Research on Tuesday, October 24. The rating was downgraded by JP Morgan to “Neutral” on Monday, July 11. Cowen & Co maintained it with “Buy” rating and $3000 target in Thursday, July 13 report. The company was maintained on Monday, November 6 by RBC Capital Markets. Scotia Capital maintained PBF Energy Inc. (NYSE:PBF) on Thursday, December 21 with “Buy” rating. As per Friday, July 24, the company rating was initiated by Macquarie Research. As per Thursday, February 15, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Howard Weil to “Sector Outperform” on Wednesday, October 19.

PBF Energy Inc. (NYSE:PBF) Institutional Positions Chart

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