Lakewood Capital Management LP Trimmed Group 1 Automotive (GPI) Position; Convergence Investment Partners Has Boosted Office Depot (ODP) Position By $1.18 Million

July 14, 2017 - By Clifton Ray

Lakewood Capital Management Lp decreased Group 1 Automotive Inc (GPI) stake by 28.64% reported in 2016Q4 SEC filing. Lakewood Capital Management Lp sold 125,000 shares as Group 1 Automotive Inc (GPI)’s stock declined 20.50%. The Lakewood Capital Management Lp holds 311,425 shares with $24.27 million value, down from 436,425 last quarter. Group 1 Automotive Inc now has $1.40 billion valuation. The stock declined 3.66% or $2.38 reaching $62.68 per share. About 82,843 shares traded. Group 1 Automotive, Inc. (NYSE:GPI) has risen 10.14% since July 14, 2016 and is uptrending. It has underperformed by 6.56% the S&P500.

Convergence Investment Partners Llc increased Office Depot Inc (ODP) stake by 2180.54% reported in 2016Q4 SEC filing. Convergence Investment Partners Llc acquired 294,460 shares as Office Depot Inc (ODP)’s stock rose 10.79%. The Convergence Investment Partners Llc holds 307,964 shares with $1.39M value, up from 13,504 last quarter. Office Depot Inc now has $3.06 billion valuation. The stock declined 2.05% or $0.12 reaching $5.72 on the news. About 2.22 million shares traded. Office Depot Inc (NASDAQ:ODP) has risen 51.05% since July 14, 2016 and is uptrending. It has outperformed by 34.35% the S&P500.

Among 9 analysts covering Office Depot (NASDAQ:ODP), 3 have Buy rating, 1 Sell and 5 Hold. Therefore 33% are positive. Office Depot had 14 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, May 11 by Telsey Advisory Group. The company was maintained on Monday, March 7 by Credit Suisse. The firm has “Outperform” rating given on Wednesday, February 24 by Telsey Advisory Group. The rating was reinitiated by Bank of America on Friday, December 11 with “Buy”. As per Wednesday, May 11, the company rating was downgraded by UBS. Jefferies maintained the shares of ODP in report on Wednesday, June 14 with “Hold” rating. Loop Capital initiated the shares of ODP in report on Tuesday, December 13 with “Hold” rating. The firm has “Outperform” rating given on Tuesday, December 8 by Telsey Advisory Group. UBS maintained Office Depot Inc (NASDAQ:ODP) on Thursday, August 4 with “Sell” rating. The stock of Office Depot Inc (NASDAQ:ODP) earned “Market Perform” rating by Telsey Advisory Group on Friday, October 28.

Convergence Investment Partners Llc decreased Insperity Inc (NYSE:NSP) stake by 19,319 shares to 3,030 valued at $215,000 in 2016Q4. It also reduced Tcf Finl Corp (NYSE:TCB) stake by 63,541 shares and now owns 163,450 shares. Boeing Co (NYSE:BA) was reduced too.

Since March 4, 2017, it had 1 buy, and 8 insider sales for $1.34 million activity. On Monday, March 20 the insider Allison Michael R sold $161,315. 4,532 shares were sold by Calkins Stephen R, worth $20,439 on Saturday, March 4. Beauchamp Timothy J had sold 25,725 shares worth $127,467. 74,000 shares valued at $385,059 were sold by RICE TROY on Monday, May 15. VASSALLUZZO JOSEPH bought 25,000 shares worth $117,499.

Investors sentiment increased to 1.02 in Q4 2016. Its up 0.04, from 0.98 in 2016Q3. It increased, as 40 investors sold ODP shares while 87 reduced holdings. 50 funds opened positions while 80 raised stakes. 457.89 million shares or 4.51% less from 479.51 million shares in 2016Q3 were reported. State Treasurer State Of Michigan invested in 0.01% or 212,800 shares. 380,258 were accumulated by Great West Life Assurance Can. Ls Invest Ltd Liability Com holds 0.01% or 36,997 shares in its portfolio. Envestnet Asset Mngmt holds 0% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 23,631 shares. Pennsylvania-based Susquehanna International Group Limited Liability Partnership has invested 0% in Office Depot Inc (NASDAQ:ODP). Blair William & Il invested 0% of its portfolio in Office Depot Inc (NASDAQ:ODP). Kbc Grp Nv holds 46,206 shares or 0% of its portfolio. Prudential Finance Inc has 0.03% invested in Office Depot Inc (NASDAQ:ODP) for 3.49 million shares. Moreover, Wells Fargo & Company Mn has 0% invested in Office Depot Inc (NASDAQ:ODP) for 1.06M shares. Louisiana State Employees Retirement Sys holds 0.03% of its portfolio in Office Depot Inc (NASDAQ:ODP) for 130,600 shares. 110,000 are held by Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Investment Management. Quantitative Investment Management Ltd Liability invested in 495,400 shares. Cornercap Counsel invested 0.09% of its portfolio in Office Depot Inc (NASDAQ:ODP). Rwc Asset Limited Liability Partnership holds 0.04% in Office Depot Inc (NASDAQ:ODP) or 141,451 shares. Leuthold Group Limited Co reported 971,275 shares.

Lakewood Capital Management Lp increased Alphabet Inc stake by 67,000 shares to 129,323 valued at $102.48M in 2016Q4. It also upped Royal Bk Scotland Group Plc (Prn) stake by 2.00 million shares and now owns 45.00M shares. Cdw Corp (NASDAQ:CDW) was raised too.

Among 10 analysts covering Group 1 Automotive (NYSE:GPI), 2 have Buy rating, 2 Sell and 6 Hold. Therefore 20% are positive. Group 1 Automotive had 11 analyst reports since September 17, 2015 according to SRatingsIntel. The stock has “Sector Weight” rating by KeyBanc Capital Markets on Friday, February 12. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Sell” rating by Goldman Sachs on Tuesday, November 22. The stock of Group 1 Automotive, Inc. (NYSE:GPI) earned “Buy” rating by Sidoti on Thursday, September 17. On Tuesday, August 9 the stock rating was initiated by Seaport Global with “Neutral”. As per Wednesday, March 9, the company rating was upgraded by Evercore. The firm earned “Neutral” rating on Thursday, February 2 by Susquehanna. Stephens maintained the shares of GPI in report on Wednesday, October 28 with “Equal-Weight” rating. The firm has “Buy” rating given on Wednesday, July 20 by Buckingham Research. CL King downgraded the shares of GPI in report on Tuesday, January 10 to “Neutral” rating. The company was maintained on Wednesday, April 13 by Morgan Stanley.

Analysts await Group 1 Automotive, Inc. (NYSE:GPI) to report earnings on July, 27. They expect $2.10 earnings per share, down 2.78% or $0.06 from last year’s $2.16 per share. GPI’s profit will be $46.90 million for 7.46 P/E if the $2.10 EPS becomes a reality. After $1.53 actual earnings per share reported by Group 1 Automotive, Inc. for the previous quarter, Wall Street now forecasts 37.25% EPS growth.

Investors sentiment increased to 0.84 in 2016 Q4. Its up 0.16, from 0.68 in 2016Q3. It improved, as 25 investors sold GPI shares while 60 reduced holdings. 28 funds opened positions while 43 raised stakes. 20.81 million shares or 0.54% more from 20.70 million shares in 2016Q3 were reported. Tower Research Limited Com (Trc), New York-based fund reported 1,754 shares. Nomura Asset Mngmt Co Ltd reported 1,260 shares or 0% of all its holdings. Barrow Hanley Mewhinney Strauss Limited Liability reported 57,858 shares. Hillcrest Asset Management Limited Liability Company has invested 1.27% in Group 1 Automotive, Inc. (NYSE:GPI). Capstone Asset Management holds 0.02% or 7,331 shares. Moreover, Towle & Comm has 2.86% invested in Group 1 Automotive, Inc. (NYSE:GPI). Great West Life Assurance Can stated it has 26,166 shares. Texas Permanent School Fund reported 0.02% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Voya Inv Mngmt Ltd Llc, Georgia-based fund reported 8,283 shares. Cambiar Limited Liability Corporation invested 0.42% of its portfolio in Group 1 Automotive, Inc. (NYSE:GPI). Pnc Fincl Svcs Group owns 233 shares or 0% of their US portfolio. Principal Gp owns 148,593 shares or 0.01% of their US portfolio. Royal Bancorporation Of Canada holds 0% or 1,149 shares. State Of Tennessee Treasury Department holds 0.01% in Group 1 Automotive, Inc. (NYSE:GPI) or 15,797 shares. Citigroup Inc holds 50,384 shares.