As Ringcentral (RNG) Share Value Rose, Holder Southpoint Capital Advisors LP Upped Its Holding; American National Bank Increases Stake in Bunge LTD (BG)

February 19, 2018 - By Vivian Park

American National Bank increased its stake in Bunge Ltd (BG) by 24.11% based on its latest 2017Q3 regulatory filing with the SEC. American National Bank bought 7,789 shares as the company’s stock declined 10.41% while stock markets rallied. The institutional investor held 40,099 shares of the packaged foods company at the end of 2017Q3, valued at $2.79 million, up from 32,310 at the end of the previous reported quarter. American National Bank who had been investing in Bunge Ltd for a number of months, seems to be bullish on the $11.12 billion market cap company. The stock increased 2.47% or $1.91 during the last trading session, reaching $79.1. About 2.41 million shares traded or 36.56% up from the average. Bunge Limited (NYSE:BG) has risen 14.04% since February 19, 2017 and is uptrending. It has underperformed by 2.66% the S&P500.

Rob Butts increased its stake in Ringcentral Inc (RNG) by 41.58% based on its latest 2017Q3 regulatory filing with the SEC. Southpoint Capital Advisors Lp bought 207,900 shares as the company’s stock rose 34.13% with the market. The hedge fund run by Rob Butts held 707,900 shares of the technology company at the end of 2017Q3, valued at $29.56 million, up from 500,000 at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Ringcentral Inc for a number of months, seems to be bullish on the $4.88B market cap company. The stock increased 2.19% or $1.35 during the last trading session, reaching $63.1. About 1.05M shares traded or 109.66% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since February 19, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 60 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained RingCentral, Inc. (NYSE:RNG) on Thursday, October 19 with “Hold” rating. The firm earned “Buy” rating on Monday, May 29 by Jefferies. The firm has “Hold” rating by Morgan Stanley given on Thursday, July 20. The rating was maintained by SunTrust with “Buy” on Thursday, October 12. The firm earned “Buy” rating on Thursday, November 9 by Northland Capital. The rating was initiated by SunTrust with “Buy” on Monday, June 26. The stock has “Outperform” rating by Oppenheimer on Friday, July 31. Stephens maintained RingCentral, Inc. (NYSE:RNG) on Tuesday, February 13 with “Buy” rating. The firm has “Overweight” rating by JP Morgan given on Thursday, July 23. Summit Redstone Partners initiated RingCentral, Inc. (NYSE:RNG) on Tuesday, June 28 with “Buy” rating.

Southpoint Capital Advisors Lp, which manages about $2.99 billion and $2.44B US Long portfolio, decreased its stake in Synchrony Finl (NYSE:SYF) by 1.55M shares to 800,000 shares, valued at $24.84M in 2017Q3, according to the filing. It also reduced its holding in Fedex Corp (NYSE:FDX) by 350,000 shares in the quarter, leaving it with 350,000 shares, and cut its stake in Broadcom Ltd.

Since August 21, 2017, it had 0 insider buys, and 19 sales for $13.23 million activity. On Wednesday, October 11 Sipes David sold $337,896 worth of RingCentral, Inc. (NYSE:RNG) or 7,800 shares. 3,000 shares were sold by Dhruv Mitesh, worth $152,874 on Wednesday, January 17. $3.08 million worth of RingCentral, Inc. (NYSE:RNG) was sold by Shmunis Vladimir on Monday, September 11. Shares for $254,580 were sold by Marlow John H on Wednesday, September 13.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.32, from 1.31 in 2017Q2. It is negative, as 18 investors sold RNG shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Brandywine Managers holds 0.28% or 23,095 shares. Swiss Commercial Bank accumulated 0% or 93,800 shares. Thompson Davis holds 0.39% in RingCentral, Inc. (NYSE:RNG) or 5,250 shares. Columbia Ptnrs L L C Investment accumulated 0.55% or 99,795 shares. Bnp Paribas Arbitrage Sa invested in 7,277 shares. Huntington Bancshares stated it has 1,373 shares. Meeder Asset Inc has invested 0.01% in RingCentral, Inc. (NYSE:RNG). Insurance Tx reported 0.24% of its portfolio in RingCentral, Inc. (NYSE:RNG). California Pub Employees Retirement Sys holds 196,956 shares. Neuberger Berman Gru Lc has 0% invested in RingCentral, Inc. (NYSE:RNG) for 35,300 shares. Adage Cap Ptnrs Grp Limited Com stated it has 0.02% of its portfolio in RingCentral, Inc. (NYSE:RNG). Goldman Sachs Group Inc holds 0% of its portfolio in RingCentral, Inc. (NYSE:RNG) for 213,373 shares. Guggenheim Cap Lc accumulated 0% or 31,693 shares. Bank Of America Corporation De reported 0% stake. Prelude Cap Mngmt Ltd Liability Co accumulated 1,302 shares.

American National Bank, which manages about $334.03 million US Long portfolio, decreased its stake in Spectrum Brands Hldgs Inc Common (NYSE:SPB) by 10,453 shares to 16,792 shares, valued at $1.78 million in 2017Q3, according to the filing. It also reduced its holding in American Airlines Group (NASDAQ:AAL) by 7,889 shares in the quarter, leaving it with 45,391 shares, and cut its stake in Cisco Sys Inc Com (NASDAQ:CSCO).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts