Cs Mckee Lp decreased its stake in Microsoft Corp (MSFT) by 3.32% based on its latest 2019Q1 regulatory filing with the SEC. Cs Mckee Lp sold 15,860 shares as the company’s stock rose 17.99% with the market. The institutional investor held 462,115 shares of the prepackaged software company at the end of 2019Q1, valued at $54.50M, down from 477,975 at the end of the previous reported quarter. Cs Mckee Lp who had been investing in Microsoft Corp for a number of months, seems to be less bullish one the $ market cap company. The stock decreased 0.40% or $0.55 during the last trading session, reaching $136.51. About 8.98M shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 28.55% since July 8, 2018 and is uptrending. It has outperformed by 24.12% the S&P500. Some Historical MSFT News: 20/03/2018 – Wiwynn® Debuts High Density NVMe JBOF with lntel® SSD “Ruler” Form Factor Based on Microsoft’s Project Olympus; 12/03/2018 – President Donald Trump is “seriously considering” Chris Liddell, the former chief financial officer for both General Motors and Microsoft, to replace Gary Cohn as the next NEC director; 06/03/2018 – InsideSales.com Announces Next-Gen Al Technology for Sales; 29/05/2018 – REG-JLT Mobile Computers Presents New Rugged Tablet and IT Solutions for Productivity Gains in Port and Terminal Operations at TOC Europe; 17/04/2018 – Mary Jo Foley: Some more Microsoft reorg moves — more teams moving under JoeB, sources say:; 12/04/2018 – PRODWARE SA ALPRO.PA – CHOSEN BY JERUSALEM FOR DIGITAL TRANSFORMATION OF ITS SERVICES ON MICROSOFT DYNAMICS 365; 17/04/2018 – U.S. Supreme Court rules that Microsoft email privacy dispute is moot; 06/04/2018 – Walmart completes due diligence for buying into India’s Flipkart; 04/04/2018 – Microsoft announces quarterly earnings release date; 01/05/2018 – BALLMER SAYS:NOT AGAINST ANOTHER BIG MSFT BUY, BUT PRICES HIGH
Forest Hill Capital Llc increased its stake in Ameris Bancorp (ABCB) by 33.02% based on its latest 2019Q1 regulatory filing with the SEC. Forest Hill Capital Llc bought 42,521 shares as the company’s stock declined 7.59% while stock markets rallied. The hedge fund held 171,289 shares of the major banks company at the end of 2019Q1, valued at $5.88M, up from 128,768 at the end of the previous reported quarter. Forest Hill Capital Llc who had been investing in Ameris Bancorp for a number of months, seems to be bullish on the $2.69B market cap company. The stock decreased 2.24% or $0.88 during the last trading session, reaching $38.48. About 128,434 shares traded. Ameris Bancorp (NASDAQ:ABCB) has declined 34.27% since July 8, 2018 and is downtrending. It has underperformed by 38.70% the S&P500. Some Historical ABCB News: 09/05/2018 – U.S. FEDERAL RESERVE APPROVES MERGER BETWEEN AMERIS BANCORP ABCB.O AND ATLANTIC COAST FINANCIAL CORPORATION ACFC.O; 09/05/2018 – FEDERAL RESERVE BOARD OKS AMERIS BANCORP BUY OF ATLANTIC COAST; 25/04/2018 – AMERIS BANCORP – ENTERED INTO FOURTH AMENDMENT TO LOAN AGREEMENT TO INCREASE MAXIMUM AMOUNT OF REVOLVING LOANS TO $100 MLN – SEC FILING; 22/03/2018 Atlantic Coast Financial Corporation Stockholders Approve Merger With Ameris Bancorp; 20/04/2018 – AMERIS BANCORP 1Q OPER EPS 73C, EST. 76C; 22/03/2018 – ATLANTIC COAST FINL HOLDERS APPROVE MERGER WITH AMERIS BANCORP; 20/04/2018 – Ameris Bancorp 1Q EPS 70c; 10/05/2018 – Atlantic Coast Financial: Merger With Ameris Bancorp Has Received Stockholder and Regulatory Approval; 29/05/2018 – Ameris Bancorp Completes Acquisition Of Atlantic Coast Financial Corporation; 22/03/2018 – Atlantic Coast Financial: Ameris Deal Expected to Close During 2Q
Investors sentiment decreased to 1.41 in Q1 2019. Its down 0.12, from 1.53 in 2018Q4. It dropped, as 17 investors sold ABCB shares while 47 reduced holdings. 31 funds opened positions while 59 raised stakes. 40.14 million shares or 2.10% more from 39.31 million shares in 2018Q4 were reported. Pinebridge Investments LP holds 0.03% or 47,170 shares in its portfolio. State Board Of Administration Of Florida Retirement reported 16,199 shares or 0% of all its holdings. Balyasny Asset Mngmt Ltd holds 156,532 shares or 0.04% of its portfolio. 320,636 were accumulated by Principal Fincl Grp Inc. Envestnet Asset Mgmt has 8,756 shares for 0% of their portfolio. Castine Mgmt Limited Co stated it has 26,101 shares or 0.28% of all its holdings. Mutual Of America Cap Mgmt Lc holds 0% in Ameris Bancorp (NASDAQ:ABCB) or 1,141 shares. Assetmark reported 1,150 shares. First Hawaiian Bankshares holds 75 shares or 0% of its portfolio. Emerald Mutual Fund Advisers Trust reported 0.11% stake. State Of Wisconsin Inv Board owns 382,800 shares. The Pennsylvania-based Pnc Finance Gru Inc has invested 0% in Ameris Bancorp (NASDAQ:ABCB). Polaris Llc owns 1.09 million shares or 1.56% of their US portfolio. Willis Counsel has 0.02% invested in Ameris Bancorp (NASDAQ:ABCB) for 7,172 shares. Foundry Prtnrs Limited Co owns 83,289 shares.
Since January 28, 2019, it had 2 buys, and 0 selling transactions for $48,345 activity. 800 shares were bought by McCague Elizabeth A, worth $30,000 on Tuesday, June 11.
More notable recent Ameris Bancorp (NASDAQ:ABCB) news were published by: Seekingalpha.com which released: “Stocks To Watch: Jobs Day, Tesla Deliveries And Dazzling Dividends – Seeking Alpha” on June 29, 2019, also Finance.Yahoo.com with their article: “Hedge Funds Have Never Been More Bullish On Ameris Bancorp (ABCB) – Yahoo Finance” published on May 02, 2019, Finance.Yahoo.com published: “Hedge Funds Have Never Been More Bullish On AeroVironment, Inc. (AVAV) – Yahoo Finance” on June 28, 2019. More interesting news about Ameris Bancorp (NASDAQ:ABCB) were released by: Prnewswire.com and their article: “Ameris Bancorp and Fidelity Southern Corporation Shareholders Approve Merger – PRNewswire” published on May 06, 2019 as well as Seekingalpha.com‘s news article titled: “Wall Street Brunch – Seeking Alpha” with publication date: June 30, 2019.
Forest Hill Capital Llc, which manages about $1.05B and $325.22M US Long portfolio, decreased its stake in Investar Hldg Corp (NASDAQ:ISTR) by 28,273 shares to 313,821 shares, valued at $7.13 million in 2019Q1, according to the filing. It also reduced its holding in South St Corp (NASDAQ:SSB) by 54,408 shares in the quarter, leaving it with 109,910 shares, and cut its stake in Triumph Bancorp Inc.
Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on July, 18. They expect $1.21 EPS, up 7.08% or $0.08 from last year’s $1.13 per share. After $1.14 actual EPS reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 6.14% EPS growth.
Since February 6, 2019, it had 0 insider buys, and 1 insider sale for $28.35 million activity.
Cs Mckee Lp, which manages about $11.10B and $1.14B US Long portfolio, upped its stake in Apple (NASDAQ:AAPL) by 2,200 shares to 254,770 shares, valued at $48.39M in 2019Q1, according to the filing. It also increased its holding in Ishares (IWM) by 3,600 shares in the quarter, for a total of 14,150 shares, and has risen its stake in Centene Corp Del (NYSE:CNC).
More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Nasdaq.com which released: “Raytheon Stock Dips As Market Has Second Thoughts on UTC Merger of Equals – Nasdaq” on July 01, 2019, also Nasdaq.com with their article: “Microsoft is Earning its $1 Trillion Valuation – Nasdaq” published on June 17, 2019, Nasdaq.com published: “IWF, MSFT, AMZN, V: ETF Outflow Alert – Nasdaq” on July 05, 2019. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Seekingalpha.com and their article: “Why Microsoft Is A Sell – Seeking Alpha” published on June 11, 2019 as well as Nasdaq.com‘s news article titled: “Microsoft’s Next-Gen Xbox Is Sticking With AMD’s Chips – Nasdaq” with publication date: June 12, 2019.
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Let’s check out hedge fund activity in other stocks – not necessarily in the same industry as National Presto Industries Inc. (NYSE:NPK) but similarly valued. We will take a look at UroGen Pharma Ltd. (NASDAQ:URGN), Fidelity Southern Corporation (NASDAQ:LION), Nanometrics Incorporated (NASDAQ:NANO), and Global Brass and Copper Holdings Inc (NYSE:BRSS). All of these stocks’ market caps are closest to NPK’s market cap.
[table] Ticker, No of HFs with positions, Total Value of HF Positions (x1000), Change in HF Position URGN,17,171632,5 LION,12,58207,3 NANO,16,101878,-3 BRSS,16,88966,1 Average,15.25,105171,1.5 [/table]
View table here if you experience formatting issues.
As you can see these stocks had an average of 15.25 hedge funds with bullish positions and the average amount invested in these stocks was $105 million. That figure was $92 million in NPK’s case. UroGen Pharma Ltd. (NASDAQ:URGN) is the most popular stock in this table. On the other hand Fidelity Southern Corporation (NASDAQ:LION) is the least popular one with only 12 bullish hedge fund positions. National Presto Industries Inc. (NYSE:NPK) is not the least popular stock in this group but hedge fund interest is still below average. This is a slightly negative signal and we’d rather spend our time researching stocks that hedge funds are piling on. Our calculations showed that top 20 most popular stocks among hedge funds returned 6.2% in Q2 through June 19th and outperformed the S&P 500 ETF (SPY) by nearly 3 percentage points. Unfortunately NPK wasn’t nearly as popular as these 20 stocks (hedge fund sentiment was quite bearish); NPK investors were disappointed as the stock returned -15.5% during the same time period and underperformed the market. If you are interested in investing in large cap stocks with huge upside potential, you should check out the top 20 most popular stocks among hedge funds as 13 of these stocks already outperformed the market so far in Q2.
Disclosure: None. This article was originally published at Insider Monkey.