As Seaboard (SEB) Stock Declined, Kahn Brothers Group Has Cut Its Position; Corecommodity Management Decreased Stake in Rayonier (RYN) by $529,704 as Share Price Declined

January 14, 2018 - By Linda Rogers

Corecommodity Management Llc decreased its stake in Rayonier Inc (RYN) by 41.73% based on its latest 2017Q3 regulatory filing with the SEC. Corecommodity Management Llc sold 18,918 shares as the company’s stock declined 2.25% while stock markets rallied. The institutional investor held 26,418 shares of the real estate investment trusts company at the end of 2017Q3, valued at $763,000, down from 45,336 at the end of the previous reported quarter. Corecommodity Management Llc who had been investing in Rayonier Inc for a number of months, seems to be less bullish one the $4.17 billion market cap company. The stock increased 1.06% or $0.34 during the last trading session, reaching $32.44. About 455,945 shares traded or 0.29% up from the average. Rayonier Inc. (NYSE:RYN) has risen 11.93% since January 14, 2017 and is uptrending. It has underperformed by 4.77% the S&P500.

Irving Kahn decreased its stake in Seaboard Corp (SEB) by 4.69% based on its latest 2017Q3 regulatory filing with the SEC. Kahn Brothers Group Inc sold 388 shares as the company’s stock declined 1.07% while stock markets rallied. The hedge fund run by Irving Kahn held 7,889 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $35.54B, down from 8,277 at the end of the previous reported quarter. Kahn Brothers Group Inc who had been investing in Seaboard Corp for a number of months, seems to be less bullish one the $5.01 billion market cap company. The stock increased 0.37% or $15.93 during the last trading session, reaching $4279.92. About 593 shares traded or 105.90% up from the average. Seaboard Corporation (NYSEMKT:SEB) has risen 36.88% since January 14, 2017 and is uptrending. It has outperformed by 20.18% the S&P500.

Among 7 analysts covering Rayonier (NYSE:RYN), 2 have Buy rating, 1 Sell and 4 Hold. Therefore 29% are positive. Rayonier had 20 analyst reports since August 6, 2015 according to SRatingsIntel. As per Thursday, August 6, the company rating was upgraded by Buckingham Research. The stock of Rayonier Inc. (NYSE:RYN) has “Hold” rating given on Friday, October 6 by RBC Capital Markets. The firm earned “Hold” rating on Monday, September 4 by RBC Capital Markets. Zacks upgraded the shares of RYN in report on Thursday, August 20 to “Sell” rating. The stock has “Neutral” rating by Buckingham Research on Wednesday, September 7. The stock of Rayonier Inc. (NYSE:RYN) earned “Buy” rating by BMO Capital Markets on Wednesday, July 26. RBC Capital Markets maintained the shares of RYN in report on Friday, August 7 with “Sector Perform” rating. The stock has “Hold” rating by BMO Capital Markets on Wednesday, November 1. The firm earned “Buy” rating on Thursday, June 22 by BMO Capital Markets. The rating was downgraded by Zacks to “Sell” on Tuesday, September 22.

Investors sentiment is 1.3 in Q3 2017. Its the same as in 2017Q2. It has no change, as 24 investors sold RYN shares while 60 reduced holdings. only 24 funds opened positions while 85 raised stakes. 105.65 million shares or 1.57% more from 104.03 million shares in 2017Q2 were reported. The North Carolina-based Bancorp Of America Corp De has invested 0% in Rayonier Inc. (NYSE:RYN). Exane Derivatives holds 288 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0.02% of its portfolio in Rayonier Inc. (NYSE:RYN). Dupont Mngmt owns 17,763 shares for 0.01% of their portfolio. Franklin Street Advsrs Nc invested 0.04% of its portfolio in Rayonier Inc. (NYSE:RYN). Mutual Of America Capital Mgmt Ltd Liability Com has 0.05% invested in Rayonier Inc. (NYSE:RYN). Barrington Strategic Wealth Management Grp Ltd holds 0.35% or 24,121 shares. Voya Investment Management Llc invested 0% in Rayonier Inc. (NYSE:RYN). Secor Cap LP owns 0.03% invested in Rayonier Inc. (NYSE:RYN) for 9,523 shares. Comerica Fincl Bank holds 228,795 shares or 0.05% of its portfolio. Mason Street Limited Co owns 63,978 shares. Pacad Investment holds 3,300 shares or 0.02% of its portfolio. Tortoise Management Lc reported 0% of its portfolio in Rayonier Inc. (NYSE:RYN). Corecommodity Mngmt Limited Liability Corporation invested in 0.72% or 26,418 shares. Nomura Hldg Inc stated it has 0% in Rayonier Inc. (NYSE:RYN).

Corecommodity Management Llc, which manages about $5.19 billion and $105.70M US Long portfolio, upped its stake in Newfield Expl Co (NYSE:NFX) by 27,600 shares to 31,261 shares, valued at $928,000 in 2017Q3, according to the filing. It also increased its holding in Barrick Gold Corp (NYSE:ABX) by 35,862 shares in the quarter, for a total of 42,867 shares, and has risen its stake in Dril (NYSE:DRQ).

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