As International Paper (IP) Stock Price Declined, Shareholder Murphy Capital Management Decreased Its Holding; Ardevora Asset Management Llp Has Boosted Its Oaktree Cap Group Unit (OAK) Position by $742,600 as Market Value Rose

February 20, 2018 - By Marguerite Chambers

Ardevora Asset Management Llp increased its stake in Oaktree Cap Group Llc Unit (OAK) by 2.13% based on its latest 2017Q3 regulatory filing with the SEC. Ardevora Asset Management Llp bought 15,800 shares as the company’s stock rose 0.33% with the market. The institutional investor held 758,200 shares of the finance company at the end of 2017Q3, valued at $35.67M, up from 742,400 at the end of the previous reported quarter. Ardevora Asset Management Llp who had been investing in Oaktree Cap Group Llc Unit for a number of months, seems to be bullish on the $6.81 billion market cap company. The stock decreased 0.35% or $0.15 during the last trading session, reaching $42.2. About 541,777 shares traded or 74.23% up from the average. Oaktree Capital Group, LLC (NYSE:OAK) has risen 0.83% since February 20, 2017 and is uptrending. It has underperformed by 15.87% the S&P500.

Murphy Capital Management Inc decreased its stake in International Paper (IP) by 8.74% based on its latest 2017Q3 regulatory filing with the SEC. Murphy Capital Management Inc sold 6,115 shares as the company’s stock declined 1.99% while stock markets rallied. The institutional investor held 63,879 shares of the paper company at the end of 2017Q3, valued at $3.63 million, down from 69,994 at the end of the previous reported quarter. Murphy Capital Management Inc who had been investing in International Paper for a number of months, seems to be less bullish one the $24.34B market cap company. The stock increased 0.58% or $0.34 during the last trading session, reaching $58.94. About 2.34M shares traded. International Paper Company (NYSE:IP) has risen 26.95% since February 20, 2017 and is uptrending. It has outperformed by 10.25% the S&P500.

Murphy Capital Management Inc, which manages about $765.25 million and $698.25 million US Long portfolio, upped its stake in Select Sector Spdr Tr Sbi Cons (XLY) by 7,143 shares to 81,060 shares, valued at $7.30 million in 2017Q3, according to the filing.

Among 16 analysts covering International Paper Company (NYSE:IP), 9 have Buy rating, 2 Sell and 5 Hold. Therefore 56% are positive. International Paper Company had 67 analyst reports since August 4, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Hold” rating and $52 target in Thursday, September 17 report. The firm has “Neutral” rating given on Monday, January 25 by Citigroup. The stock of International Paper Company (NYSE:IP) has “Buy” rating given on Monday, May 29 by RBC Capital Markets. The stock of International Paper Company (NYSE:IP) has “Outperform” rating given on Monday, February 8 by Credit Suisse. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, October 18 report. The stock of International Paper Company (NYSE:IP) has “Buy” rating given on Monday, September 18 by BMO Capital Markets. The firm has “Neutral” rating by Buckingham Research given on Tuesday, August 25. The rating was maintained by Deutsche Bank on Wednesday, August 10 with “Hold”. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, August 15. The stock of International Paper Company (NYSE:IP) earned “Buy” rating by BMO Capital Markets on Friday, November 24.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.08, from 1.03 in 2017Q2. It dropped, as 37 investors sold IP shares while 252 reduced holdings. 76 funds opened positions while 199 raised stakes. 333.87 million shares or 1.34% less from 338.41 million shares in 2017Q2 were reported. Employees Retirement Sys Of Texas holds 0.08% or 104,000 shares. Pggm Invests reported 796,840 shares stake. Moreover, Bluestein R H & Com has 1.1% invested in International Paper Company (NYSE:IP) for 352,960 shares. First Republic Invest Mngmt accumulated 12,080 shares. Mastrapasqua Asset Mngmt owns 8,785 shares for 0.1% of their portfolio. 10,376 were reported by Orca Management Ltd Limited Liability Company. Hotchkis Wiley Mgmt Ltd Liability Corporation, California-based fund reported 4.15M shares. Zeke Ltd Liability reported 5,462 shares. Howland Capital Limited Liability reported 0.04% in International Paper Company (NYSE:IP). Norinchukin Bancorporation The holds 0.04% in International Paper Company (NYSE:IP) or 35,031 shares. 604,334 were accumulated by State Board Of Administration Of Florida Retirement Sys. Moreover, Patten Group has 0.07% invested in International Paper Company (NYSE:IP) for 23,331 shares. Tokio Marine Asset Mgmt Ltd has invested 0.14% of its portfolio in International Paper Company (NYSE:IP). Ngam Advsrs Lp, Massachusetts-based fund reported 86,414 shares. The New York-based Atalanta Sosnoff Capital Limited Co has invested 0.14% in International Paper Company (NYSE:IP).

Ardevora Asset Management Llp, which manages about $3.34 billion US Long portfolio, decreased its stake in Quintiles Ims Holdings Inc (NYSE:Q) by 29,200 shares to 379,400 shares, valued at $36.07M in 2017Q3, according to the filing. It also reduced its holding in Boeing Co (NYSE:BA) by 37,500 shares in the quarter, leaving it with 93,500 shares, and cut its stake in Facebook Inc (NASDAQ:FB).

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