Pzena Investment Management Lowered Trimas (TRS) Holding By $5.70 Million; Corecommodity Management Has Upped By $340,254 Its Matador Res Co (MTDR) Stake

December 23, 2017 - By Kurt Siggers

Corecommodity Management Llc increased Matador Res Co (MTDR) stake by 269.97% reported in 2017Q3 SEC filing. Corecommodity Management Llc acquired 12,602 shares as Matador Res Co (MTDR)’s stock declined 9.14%. The Corecommodity Management Llc holds 17,270 shares with $469,000 value, up from 4,668 last quarter. Matador Res Co now has $3.28B valuation. The stock increased 1.04% or $0.31 during the last trading session, reaching $30.23. About 793,269 shares traded. Matador Resources Company (NYSE:MTDR) has risen 11.95% since December 23, 2016 and is uptrending. It has underperformed by 4.75% the S&P500.

Pzena Investment Management Llc decreased Trimas Corp (TRS) stake by 8.16% reported in 2017Q3 SEC filing. Pzena Investment Management Llc sold 219,332 shares as Trimas Corp (TRS)’s stock declined 2.89%. The Pzena Investment Management Llc holds 2.47 million shares with $66.68 million value, down from 2.69 million last quarter. Trimas Corp now has $1.23B valuation. It closed at $26.85 lastly. It is up 34.96% since December 23, 2016 and is uptrending. It has outperformed by 18.26% the S&P500.

Pzena Investment Management Llc increased Cenovus Energy Inc. (NYSE:CVE) stake by 1.36M shares to 23.44 million valued at $234.85M in 2017Q3. It also upped Ford Motor Company (NYSE:F) stake by 1.60 million shares and now owns 25.41 million shares. Owens & Minor Inc (NYSE:OMI) was raised too.

Investors sentiment decreased to 1.2 in Q3 2017. Its down 0.75, from 1.95 in 2017Q2. It worsened, as 16 investors sold TRS shares while 40 reduced holdings. 25 funds opened positions while 42 raised stakes. 44.19 million shares or 1.10% more from 43.71 million shares in 2017Q2 were reported. Vanguard Group holds 0% of its portfolio in TriMas Corporation (NASDAQ:TRS) for 3.77M shares. Alliancebernstein Limited Partnership owns 67,210 shares. Highbridge Capital Ltd Limited Liability Company invested 0.01% of its portfolio in TriMas Corporation (NASDAQ:TRS). Renaissance Technologies Lc stated it has 0% in TriMas Corporation (NASDAQ:TRS). Ohio-based James Inv Rech has invested 0.09% in TriMas Corporation (NASDAQ:TRS). Ngam Advsr Limited Partnership stated it has 106,384 shares. Barclays Public Limited, a United Kingdom-based fund reported 1,134 shares. Goldman Sachs Gp Inc Inc holds 2.21 million shares. Manufacturers Life Ins Com The has invested 0% in TriMas Corporation (NASDAQ:TRS). The New Jersey-based Prudential Fincl Incorporated has invested 0.01% in TriMas Corporation (NASDAQ:TRS). Barrow Hanley Mewhinney & Strauss Ltd Co invested 0.01% in TriMas Corporation (NASDAQ:TRS). Morgan Stanley holds 111,577 shares or 0% of its portfolio. Whittier Tru holds 0% or 1,300 shares. Pitcairn invested 0.04% in TriMas Corporation (NASDAQ:TRS). Citadel Advsr Lc holds 109,112 shares or 0% of its portfolio.

Since August 1, 2017, it had 0 insider buys, and 2 sales for $220,154 activity. Shares for $74,280 were sold by Swart Paul. $145,874 worth of TriMas Corporation (NASDAQ:TRS) was sold by Gougarty Nancy.

Analysts await TriMas Corporation (NASDAQ:TRS) to report earnings on February, 27. They expect $0.32 EPS, up 6.67% or $0.02 from last year’s $0.3 per share. TRS’s profit will be $14.64 million for 20.98 P/E if the $0.32 EPS becomes a reality. After $0.39 actual EPS reported by TriMas Corporation for the previous quarter, Wall Street now forecasts -17.95% negative EPS growth.

Among 7 analysts covering Trimas (NASDAQ:TRS), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Trimas had 18 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Thursday, June 15. Seaport Global downgraded the stock to “Hold” rating in Friday, September 15 report. The rating was upgraded by JP Morgan to “Overweight” on Wednesday, August 9. The company was downgraded on Wednesday, August 5 by TH Capital. J.P. Morgan upgraded the stock to “Buy” rating in Wednesday, August 9 report. JP Morgan downgraded TriMas Corporation (NASDAQ:TRS) rating on Wednesday, August 5. JP Morgan has “Neutral” rating and $18 target. The stock of TriMas Corporation (NASDAQ:TRS) earned “Overweight” rating by JP Morgan on Tuesday, September 27. As per Wednesday, August 5, the company rating was downgraded by Roth Capital. The firm has “Hold” rating by KeyBanc Capital Markets given on Friday, September 15. The stock of TriMas Corporation (NASDAQ:TRS) earned “Neutral” rating by JP Morgan on Friday, January 13.

Corecommodity Management Llc decreased American Wtr Wks Co Inc New (NYSE:AWK) stake by 10,148 shares to 7,562 valued at $612,000 in 2017Q3. It also reduced Suncor Energy Inc New (NYSE:SU) stake by 32,880 shares and now owns 6,910 shares. Newmont Mining Corp (NYSE:NEM) was reduced too.