Mittleman Brothers Position In Revlon (REV) Was Lifted; Voloridge Investment Management Stake In Newmont Mining (NEM) Was Has Upped

January 13, 2018 - By Hazel Jackson

Mittleman Brothers Llc increased its stake in Revlon Inc (REV) by 30.2% based on its latest 2017Q3 regulatory filing with the SEC. Mittleman Brothers Llc bought 695,966 shares as the company’s stock declined 45.08% while stock markets rallied. The hedge fund held 3.00 million shares of the consumer non-durables company at the end of 2017Q3, valued at $73.66 million, up from 2.30M at the end of the previous reported quarter. Mittleman Brothers Llc who had been investing in Revlon Inc for a number of months, seems to be bullish on the $1.17B market cap company. The stock decreased 0.89% or $0.2 during the last trading session, reaching $22.25. About 50,447 shares traded. Revlon, Inc. (NYSE:REV) has declined 37.40% since January 13, 2017 and is downtrending. It has underperformed by 54.10% the S&P500.

Voloridge Investment Management Llc increased its stake in Newmont Mining Corp (NEM) by 2.25% based on its latest 2017Q3 regulatory filing with the SEC. Voloridge Investment Management Llc bought 13,066 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 594,136 shares of the precious metals company at the end of 2017Q3, valued at $22.29M, up from 581,070 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Newmont Mining Corp for a number of months, seems to be bullish on the $21.22B market cap company. The stock increased 2.45% or $0.95 during the last trading session, reaching $39.79. About 5.07M shares traded or 11.72% up from the average. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since January 13, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 82 analyst reports since July 24, 2015 according to SRatingsIntel. TD Securities maintained Newmont Mining Corporation (NYSE:NEM) rating on Wednesday, April 26. TD Securities has “Hold” rating and $48.50 target. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Buy” rating by Mackie on Monday, October 31. The firm has “Buy” rating by BMO Capital Markets given on Monday, August 21. The company was maintained on Thursday, November 10 by FBR Capital. The firm has “Overweight” rating by JP Morgan given on Thursday, November 3. Deutsche Bank upgraded the shares of NEM in report on Thursday, August 13 to “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, December 1. The firm earned “Neutral” rating on Wednesday, September 30 by UBS. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Hold” rating by HSBC on Monday, October 26. The rating was maintained by Jefferies on Tuesday, June 20 with “Hold”.

Voloridge Investment Management Llc, which manages about $1.43 billion and $4.48 billion US Long portfolio, decreased its stake in Arch Cap Group Ltd (NASDAQ:ACGL) by 12,298 shares to 4,352 shares, valued at $429,000 in 2017Q3, according to the filing. It also reduced its holding in Bluebird Bio Inc (NASDAQ:BLUE) by 9,411 shares in the quarter, leaving it with 123,179 shares, and cut its stake in Assured Guaranty Ltd (NYSE:AGO).

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. Intl Gp reported 0.02% in Newmont Mining Corporation (NYSE:NEM). Boyer Corporon Wealth Limited Com owns 117,520 shares or 1.85% of their US portfolio. Beacon Advsrs Incorporated reported 1.23% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Fruth Investment Mgmt holds 28,326 shares. North Star Invest Mngmt, Illinois-based fund reported 160 shares. Hap Trading Ltd Llc has invested 0.02% in Newmont Mining Corporation (NYSE:NEM). Eqis Capital Mngmt Inc owns 17,139 shares. 9,000 are owned by Gabelli And Co Advisers. Mason Street Advsr Llc has 0.07% invested in Newmont Mining Corporation (NYSE:NEM) for 74,023 shares. New Jersey-based Prudential has invested 0.05% in Newmont Mining Corporation (NYSE:NEM). Parametrica Mngmt invested in 5,931 shares or 0.09% of the stock. Employees Retirement System Of Texas stated it has 0.01% of its portfolio in Newmont Mining Corporation (NYSE:NEM). Hussman Strategic Advsr owns 425,000 shares or 3.86% of their US portfolio. Gam Holdg Ag holds 1.42% in Newmont Mining Corporation (NYSE:NEM) or 897,608 shares. Amica Retiree Medical Trust invested in 0.09% or 3,025 shares.

Since August 1, 2017, it had 0 insider buys, and 12 sales for $1.32 million activity. Palmer Thomas Ronald sold $47,363 worth of Newmont Mining Corporation (NYSE:NEM) on Tuesday, January 2. 1,000 Newmont Mining Corporation (NYSE:NEM) shares with value of $37,110 were sold by Goldberg Gary J. On Wednesday, September 20 Dorward-King Elaine J sold $392,268 worth of Newmont Mining Corporation (NYSE:NEM) or 10,250 shares. Another trade for 5,000 shares valued at $185,550 was made by Gottesfeld Stephen P on Tuesday, August 1. On Monday, September 25 Lawson Scott P sold $189,250 worth of Newmont Mining Corporation (NYSE:NEM) or 5,000 shares.

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