Deprince Race & Zollo Lifted Its Holding in Armada Hoffler Pptys (AHH) as Stock Value Declined; Koninklijke Philips N V (PHG) Shareholder Voloridge Investment Management Has Boosted Its Stake by $1.45 Million

February 15, 2018 - By Vivian Currie

Voloridge Investment Management Llc increased its stake in Koninklijke Philips N V (PHG) by 63.98% based on its latest 2017Q3 regulatory filing with the SEC. Voloridge Investment Management Llc bought 35,396 shares as the company’s stock rose 20.05% with the market. The institutional investor held 90,722 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $3.74 million, up from 55,326 at the end of the previous reported quarter. Voloridge Investment Management Llc who had been investing in Koninklijke Philips N V for a number of months, seems to be bullish on the $34.55B market cap company. The stock increased 1.52% or $0.58 during the last trading session, reaching $38.86. About 1.11 million shares traded. Koninklijke Philips N.V. (NYSE:PHG) has risen 38.13% since February 15, 2017 and is uptrending. It has outperformed by 21.43% the S&P500.

Deprince Race & Zollo Inc increased its stake in Armada Hoffler Pptys Inc (AHH) by 14.37% based on its latest 2017Q3 regulatory filing with the SEC. Deprince Race & Zollo Inc bought 76,335 shares as the company’s stock declined 6.09% while stock markets rallied. The institutional investor held 607,447 shares of the finance company at the end of 2017Q3, valued at $8.39M, up from 531,112 at the end of the previous reported quarter. Deprince Race & Zollo Inc who had been investing in Armada Hoffler Pptys Inc for a number of months, seems to be bullish on the $839.54M market cap company. The stock increased 1.29% or $0.17 during the last trading session, reaching $13.39. About 92,064 shares traded. Armada Hoffler Properties, Inc. (NYSE:AHH) has risen 9.92% since February 15, 2017 and is uptrending. It has underperformed by 6.78% the S&P500.

Deprince Race & Zollo Inc, which manages about $8.52B and $4.45 billion US Long portfolio, decreased its stake in Kla (NASDAQ:KLAC) by 39,580 shares to 117,201 shares, valued at $12.42 million in 2017Q3, according to the filing. It also reduced its holding in Coca Cola European Partners by 203,168 shares in the quarter, leaving it with 326,833 shares, and cut its stake in Bemis Inc (NYSE:BMS).

Investors sentiment decreased to 1.09 in 2017 Q3. Its down 1.75, from 2.84 in 2017Q2. It dived, as 16 investors sold AHH shares while 48 reduced holdings. 21 funds opened positions while 49 raised stakes. 36.55 million shares or 0.94% more from 36.21 million shares in 2017Q2 were reported. Us Fincl Bank De holds 0% of its portfolio in Armada Hoffler Properties, Inc. (NYSE:AHH) for 66 shares. Deutsche Commercial Bank Ag holds 55,804 shares. Amer Century Cos has 0.01% invested in Armada Hoffler Properties, Inc. (NYSE:AHH). 18,337 were accumulated by Voya Mgmt Ltd Liability. Raymond James Financial Svcs Advsrs accumulated 70,084 shares or 0.01% of the stock. Swiss Bank & Trust holds 0% or 72,500 shares in its portfolio. Cetera Advsr accumulated 21,800 shares or 0.02% of the stock. Miles Capital Inc holds 0.13% or 16,262 shares. Silvercrest Asset Mngmt Grp Ltd Com holds 0.05% of its portfolio in Armada Hoffler Properties, Inc. (NYSE:AHH) for 380,088 shares. Putnam Invs Lc holds 0.03% or 882,068 shares in its portfolio. State Board Of Administration Of Florida Retirement Sys, Florida-based fund reported 14,434 shares. Sumitomo Mitsui holds 0% of its portfolio in Armada Hoffler Properties, Inc. (NYSE:AHH) for 46,929 shares. Ameritas Inv Prtnrs Incorporated owns 3,925 shares. American Interest Grp Inc Inc invested in 35,436 shares or 0% of the stock. Carroll Financial Associate stated it has 29,385 shares.

Among 6 analysts covering Armada Hoffler Properties (NYSE:AHH), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Armada Hoffler Properties had 12 analyst reports since October 14, 2016 according to SRatingsIntel. The stock has “Hold” rating by Wunderlich on Wednesday, December 14. Stifel Nicolaus maintained Armada Hoffler Properties, Inc. (NYSE:AHH) on Friday, May 12 with “Buy” rating. Stifel Nicolaus downgraded the shares of AHH in report on Friday, June 23 to “Hold” rating. On Wednesday, July 12 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Armada Hoffler Properties, Inc. (NYSE:AHH) has “Hold” rating given on Monday, July 24 by Stifel Nicolaus. Raymond James downgraded the stock to “Market Perform” rating in Monday, January 8 report. The firm has “Buy” rating by Wunderlich given on Wednesday, November 2. Stifel Nicolaus maintained Armada Hoffler Properties, Inc. (NYSE:AHH) on Monday, September 18 with “Hold” rating.

Voloridge Investment Management Llc, which manages about $1.43 billion and $4.48 billion US Long portfolio, decreased its stake in Vornado Rlty Tr (NYSE:VNO) by 160,865 shares to 2,977 shares, valued at $229,000 in 2017Q3, according to the filing. It also reduced its holding in Public Storage (NYSE:PSA) by 7,722 shares in the quarter, leaving it with 161,246 shares, and cut its stake in Rollins Inc (NYSE:ROL).

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