Stevens Capital Management LP Decreased Rio Tinto Plc (RIO) Position By $1.62 Million, Piper Jaffray Companies (PJC) Shorts Lowered By 5.59%

July 17, 2017 - By Kurt Siggers

Stevens Capital Management Lp decreased Rio Tinto Plc (RIO) stake by 81.07% reported in 2016Q4 SEC filing. Stevens Capital Management Lp sold 42,587 shares as Rio Tinto Plc (RIO)’s stock declined 9.05%. The Stevens Capital Management Lp holds 9,947 shares with $383,000 value, down from 52,534 last quarter. Rio Tinto Plc now has $84.91B valuation. The stock rose 1.02% or $0.46 reaching $45.63. About 976,867 shares traded. Rio Tinto plc (ADR) (NYSE:RIO) has risen 43.73% since July 17, 2016 and is uptrending. It has outperformed by 27.03% the S&P500.

Piper Jaffray Companies (NYSE:PJC) had a decrease of 5.59% in short interest. PJC’s SI was 371,500 shares in July as released by FINRA. Its down 5.59% from 393,500 shares previously. With 63,500 avg volume, 6 days are for Piper Jaffray Companies (NYSE:PJC)’s short sellers to cover PJC’s short positions. About 6,800 shares traded. Piper Jaffray Companies (NYSE:PJC) has risen 43.41% since July 17, 2016 and is uptrending. It has outperformed by 26.71% the S&P500.

Stevens Capital Management Lp increased Mohawk Inds Inc (NYSE:MHK) stake by 5,981 shares to 42,430 valued at $8.47 million in 2016Q4. It also upped Gibraltar Inds Inc (NASDAQ:ROCK) stake by 12,105 shares and now owns 20,911 shares. Teradata Corp Del (NYSE:TDC) was raised too.

Among 20 analysts covering Rio Tinto (NYSE:RIO), 14 have Buy rating, 3 Sell and 3 Hold. Therefore 70% are positive. Rio Tinto had 37 analyst reports since August 5, 2015 according to SRatingsIntel. CLSA downgraded the shares of RIO in report on Thursday, April 14 to “Underperform” rating. The company was upgraded on Friday, August 7 by Macquarie Research. Jefferies maintained the shares of RIO in report on Tuesday, August 23 with “Hold” rating. On Tuesday, June 28 the stock rating was upgraded by Morgan Stanley to “Overweight”. Liberum Capital downgraded the stock to “Sell” rating in Thursday, October 29 report. On Thursday, October 29 the stock rating was downgraded by Liberium to “Sell”. The firm earned “Market Perform” rating on Wednesday, January 27 by Cowen & Co. The stock has “Outperform” rating by Credit Suisse on Wednesday, December 7. On Tuesday, February 9 the stock rating was initiated by RBC Capital Markets with “Underperform”. The stock of Rio Tinto plc (ADR) (NYSE:RIO) has “Sell” rating given on Monday, April 18 by Citigroup.

Investors sentiment increased to 1.26 in Q4 2016. Its up 0.06, from 1.2 in 2016Q3. It is positive, as 13 investors sold Piper Jaffray Companies shares while 55 reduced holdings. 40 funds opened positions while 46 raised stakes. 10.34 million shares or 2.28% more from 10.11 million shares in 2016Q3 were reported. Evercore Wealth Management Llc accumulated 4 shares. Axa owns 0% invested in Piper Jaffray Companies (NYSE:PJC) for 5,000 shares. Brandywine Inv Mngmt Lc reported 48,695 shares. The Virginia-based Thompson Davis & has invested 0% in Piper Jaffray Companies (NYSE:PJC). Sterling Mngmt Limited Liability Company has invested 0.01% in Piper Jaffray Companies (NYSE:PJC). Boston Advsrs Ltd Llc owns 0.11% invested in Piper Jaffray Companies (NYSE:PJC) for 63,220 shares. Tower Research Cap Lc (Trc) owns 578 shares for 0% of their portfolio. Parkside Finance Comml Bank reported 0% in Piper Jaffray Companies (NYSE:PJC). State Of Tennessee Treasury Department invested in 0% or 10,708 shares. Metropolitan Life Insur Co Ny holds 0.01% or 10,253 shares in its portfolio. Envestnet Asset Management reported 957 shares or 0% of all its holdings. Peak6 Investments Limited Partnership holds 0% or 2,442 shares. Gemmer Asset Mgmt Ltd Liability Corporation stated it has 0% in Piper Jaffray Companies (NYSE:PJC). Chicago Equity Prns Limited Liability Corp owns 66,770 shares for 0.13% of their portfolio. Tci Wealth Advsrs Incorporated reported 15 shares stake.

Since February 3, 2017, it had 0 insider purchases, and 13 sales for $8.14 million activity. $753,930 worth of Piper Jaffray Companies (NYSE:PJC) shares were sold by Klinefelter Jeffrey P. 9,641 Piper Jaffray Companies (NYSE:PJC) shares with value of $726,475 were sold by DUFF ANDREW S. Crawshaw Christopher D sold 10,000 shares worth $797,590. The insider Esckilsen Christine N sold 1,500 shares worth $119,577. Abraham Chad R sold 13,215 shares worth $995,305. On Friday, February 3 the insider Fairman Francis E IV sold $941,409. $436,879 worth of stock was sold by Winges Martin Bradley on Friday, February 3.

Piper Jaffray Companies is an investment bank and asset management company. The company has market cap of $964.83 million. The Company’s divisions include Capital Markets and Asset Management. It currently has negative earnings. The Capital Markets segment provides investment banking and institutional sales, trading and research services for various equity and fixed income products.

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