Brant Point Investment Management Boosted Newell Brands (Call) (NWL) Position, IAMGOLD (USA) (IAG) Had 4 Bullish Analysts

June 14, 2017 - By Richard Conner

Brant Point Investment Management Llc increased Newell Brands Inc (Call) (NWL) stake by 142.92% reported in 2016Q4 SEC filing. Brant Point Investment Management Llc acquired 30,300 shares as Newell Brands Inc (Call) (NWL)’s stock rose 13.21%. The Brant Point Investment Management Llc holds 51,500 shares with $2.30 million value, up from 21,200 last quarter. Newell Brands Inc (Call) now has $27.04 billion valuation. The stock rose 2.10% or $1.13 reaching $54.91 per share. About 1.15 million shares traded. Newell Brands Inc (NYSE:NWL) has risen 11.94% since June 14, 2016 and is uptrending. It has underperformed by 4.76% the S&P500.

Among 14 analysts covering Iamgold Corp (NYSE:IAG), 4 have Buy rating, 4 Sell and 6 Hold. Therefore 29% are positive. Iamgold Corp had 25 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, May 18, the company rating was downgraded by Howard Weil. As per Friday, July 24, the company rating was initiated by IBC. The rating was upgraded by TD Securities to “Buy” on Tuesday, November 8. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Neutral” rating by Goldman Sachs on Friday, February 12. The rating was upgraded by HSBC to “Hold” on Tuesday, November 24. On Wednesday, October 21 the stock rating was downgraded by Canaccord Genuity to “Sell”. The stock of IAMGOLD Corp (USA) (NYSE:IAG) earned “Neutral” rating by Credit Suisse on Wednesday, May 10. Canaccord Genuity upgraded the shares of IAG in report on Wednesday, October 19 to “Buy” rating. The company was reinitiated on Wednesday, November 25 by Morgan Stanley. The firm earned “Underperform” rating on Friday, January 13 by Credit Suisse. See IAMGOLD Corp (USA) (NYSE:IAG) latest ratings:

11/05/2017 Broker: Scotia Capital Old Rating: Underperform New Rating: Sector Perform New Target: $216.00 Upgrade
10/05/2017 Broker: Credit Suisse Old Rating: Underperform New Rating: Neutral Upgrade
06/02/2017 Broker: BMO Capital Markets Rating: Market Perform Initiates Coverage On
13/01/2017 Broker: Credit Suisse Old Rating: Neutral New Rating: Underperform Downgrade

IAMGOLD Corporation is engaged primarily in the exploration for, and the development and production of, mineral resource properties throughout the world. The company has market cap of $2.55 billion. Through its holdings, IAMGOLD has interests in various operations, exploration and development properties. It currently has negative earnings. IAMGOLD is a mid-tier mining firm with approximately four operating gold mines on over three continents.

About 7.41M shares traded. IAMGOLD Corp (USA) (NYSE:IAG) has risen 21.20% since June 14, 2016 and is uptrending. It has outperformed by 4.50% the S&P500.

Brant Point Investment Management Llc decreased Pinnacle Foods Inc Del (NYSE:PF) stake by 78,500 shares to 123,000 valued at $6.57 million in 2016Q4. It also reduced Weyerhaeuser Co (NYSE:WY) stake by 94,500 shares and now owns 85,500 shares. Spdr S&P 500 Etf Tr (Call) (SPY) was reduced too.

Since February 7, 2017, it had 2 insider buys, and 6 insider sales for $19.10 million activity. $280,979 worth of Newell Brands Inc (NYSE:NWL) shares were sold by CLARKE THOMAS E. The insider Burke William A III sold 16,626 shares worth $878,518. 13,170 shares were bought by DAVIES RICHARD B, worth $621,229. 1,609 shares valued at $85,888 were sold by Cunningham James L III on Friday, June 2. VIAULT RAYMOND G sold $169,289 worth of stock or 3,723 shares. 13,000 shares were bought by Tarchetti Mark, worth $587,860 on Tuesday, February 7. FRANKLIN MARTIN E sold 340,000 shares worth $16.43M.