Nucor (NUE) Stake Has Raised by United Asset Strategies Inc; Ocwen Finl (OCN) Shareholder Tegean Capital Management Decreased Its Position

January 17, 2018 - By Linda Rogers

Thomas G. Maheras decreased its stake in Ocwen Finl Corp (OCN) by 70.09% based on its latest 2017Q3 regulatory filing with the SEC. Tegean Capital Management Llc sold 679,600 shares as the company’s stock declined 50.76% while stock markets rallied. The hedge fund run by Thomas G. Maheras held 290,000 shares of the consumer services company at the end of 2017Q3, valued at $998,000, down from 969,600 at the end of the previous reported quarter. Tegean Capital Management Llc who had been investing in Ocwen Finl Corp for a number of months, seems to be less bullish one the $396.50 million market cap company. The stock decreased 0.66% or $0.02 during the last trading session, reaching $3.03. About 1.26M shares traded. Ocwen Financial Corporation (NYSE:OCN) has risen 72.00% since January 17, 2017 and is uptrending. It has outperformed by 55.30% the S&P500.

United Asset Strategies Inc increased its stake in Nucor Corp (NUE) by 38.97% based on its latest 2017Q3 regulatory filing with the SEC. United Asset Strategies Inc bought 19,617 shares as the company’s stock declined 11.33% while stock markets rallied. The institutional investor held 69,962 shares of the steel and iron ore company at the end of 2017Q3, valued at $3.92M, up from 50,345 at the end of the previous reported quarter. United Asset Strategies Inc who had been investing in Nucor Corp for a number of months, seems to be bullish on the $21.92B market cap company. The stock decreased 0.10% or $0.07 during the last trading session, reaching $68.95. About 4.30M shares traded or 57.97% up from the average. Nucor Corporation (NYSE:NUE) has risen 21.74% since January 17, 2017 and is uptrending. It has outperformed by 5.04% the S&P500.

Analysts await Ocwen Financial Corporation (NYSE:OCN) to report earnings on February, 28. They expect $-0.37 earnings per share, down 362.50% or $0.29 from last year’s $-0.08 per share. After $-0.23 actual earnings per share reported by Ocwen Financial Corporation for the previous quarter, Wall Street now forecasts 60.87% negative EPS growth.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.34, from 1.18 in 2017Q2. It dived, as 23 investors sold OCN shares while 27 reduced holdings. 15 funds opened positions while 27 raised stakes. 57.15 million shares or 5.73% less from 60.63 million shares in 2017Q2 were reported. Edge Wealth Mgmt Ltd Com holds 1,000 shares or 0% of its portfolio. 15,326 were reported by Royal Commercial Bank Of Canada. Pennsylvania-based Nationwide Fund Advsrs has invested 0% in Ocwen Financial Corporation (NYSE:OCN). Berson & Corrado Inv Advisors Limited Liability Corporation reported 0.13% of its portfolio in Ocwen Financial Corporation (NYSE:OCN). Amalgamated Bancshares holds 0% of its portfolio in Ocwen Financial Corporation (NYSE:OCN) for 13,048 shares. Bankshares Of Mellon invested in 485,776 shares. California Employees Retirement Sys invested in 762,182 shares or 0% of the stock. Connor Clark Lunn Inv Management has invested 0.02% in Ocwen Financial Corporation (NYSE:OCN). Great West Life Assurance Can invested in 8,800 shares. Fishman Jay A Mi reported 20,000 shares or 0.01% of all its holdings. Phoenix Adviser Ltd Liability Co holds 98,900 shares. California State Teachers Retirement System stated it has 169,438 shares. 58,653 were accumulated by Quinn Opportunity Partners Limited Liability Com. Natixis accumulated 12,846 shares. Moreover, Ameritas Invest Ptnrs has 0% invested in Ocwen Financial Corporation (NYSE:OCN).

Among 10 analysts covering Ocwen Financial (NYSE:OCN), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Ocwen Financial had 24 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, August 6 by Zacks. Sterne Agee CRT downgraded the shares of OCN in report on Friday, July 31 to “Neutral” rating. Wood maintained the stock with “Hold” rating in Tuesday, April 11 report. The rating was maintained by Compass Point with “Neutral” on Thursday, December 3. The rating was upgraded by Compass Point on Wednesday, September 14 to “Buy”. The firm has “Neutral” rating given on Tuesday, March 29 by Citigroup. PiperJaffray downgraded the stock to “Underweight” rating in Tuesday, October 25 report. The stock of Ocwen Financial Corporation (NYSE:OCN) has “Market Perform” rating given on Friday, August 7 by Oppenheimer. The firm earned “Neutral” rating on Thursday, April 28 by Compass Point. As per Monday, July 24, the company rating was maintained by Piper Jaffray.

Among 19 analysts covering Nucor Corporation (NYSE:NUE), 12 have Buy rating, 0 Sell and 7 Hold. Therefore 63% are positive. Nucor Corporation had 75 analyst reports since July 22, 2015 according to SRatingsIntel. The company was upgraded on Wednesday, November 9 by Bank of America. Credit Suisse maintained Nucor Corporation (NYSE:NUE) on Friday, October 20 with “Outperform” rating. Citigroup upgraded Nucor Corporation (NYSE:NUE) on Thursday, September 14 to “Buy” rating. On Friday, October 20 the stock rating was maintained by Bank of America with “Buy”. On Monday, September 18 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. As per Friday, April 21, the company rating was maintained by Barclays Capital. On Monday, October 5 the stock rating was upgraded by Deutsche Bank to “Buy”. The stock has “Hold” rating by BMO Capital Markets on Monday, April 24. The stock of Nucor Corporation (NYSE:NUE) earned “Buy” rating by Longbow on Monday, June 19. The firm earned “Outperform” rating on Wednesday, May 24 by Credit Suisse.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.35, from 1.24 in 2017Q2. It dived, as 62 investors sold NUE shares while 223 reduced holdings. 59 funds opened positions while 196 raised stakes. 232.46 million shares or 1.40% less from 235.76 million shares in 2017Q2 were reported. Westpac Bk Corporation reported 19,040 shares stake. Busey Trust reported 79,167 shares. First Interstate State Bank invested in 622 shares. First Midwest Retail Bank Trust Division invested in 33,212 shares or 0.23% of the stock. The Texas-based Utd Automobile Association has invested 0.02% in Nucor Corporation (NYSE:NUE). Burney Com reported 15,232 shares or 0.06% of all its holdings. Calamos Lc invested in 0.07% or 159,498 shares. Eastern National Bank invested 0.02% in Nucor Corporation (NYSE:NUE). Moors & Cabot Inc accumulated 0.05% or 5,713 shares. Douglass Winthrop Advsr Ltd Limited Liability Company holds 0.01% or 4,000 shares in its portfolio. Calamos Wealth Mgmt Ltd Limited Liability Company owns 21,916 shares. Park National Corporation Oh stated it has 28,841 shares. Capital Intl has invested 0.24% in Nucor Corporation (NYSE:NUE). Mcmillion Capital Mngmt accumulated 47,864 shares. Benjamin F Edwards & holds 0.02% or 2,673 shares in its portfolio.

Since September 19, 2017, it had 0 insider buys, and 3 sales for $1.59 million activity. HAYNES VICTORIA F had sold 2,500 shares worth $137,912 on Tuesday, September 19. FERRIOLA JOHN J had sold 15,131 shares worth $913,959.

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