Sun Valley Gold Stake in Barrick Gold (ABX) Lowered as Market Valuation Declined; As Leggett & Platt (LEG) Stock Rose, United Asset Strategies Has Lowered Position by $2.22 Million

February 20, 2018 - By Evgen Dobrzhanskiy

Peter Franklin Palmedo decreased its stake in Barrick Gold Corp (ABX) by 55.15% based on its latest 2017Q3 regulatory filing with the SEC. Sun Valley Gold Llc sold 38,000 shares as the company’s stock declined 17.45% while stock markets rallied. The hedge fund run by Peter Franklin Palmedo held 30,903 shares of the precious metals company at the end of 2017Q3, valued at $497,000, down from 68,903 at the end of the previous reported quarter. Sun Valley Gold Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $14.85B market cap company. The stock decreased 2.16% or $0.28 during the last trading session, reaching $12.9. About 7.24 million shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since February 20, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

United Asset Strategies Inc decreased its stake in Leggett & Platt Inc (LEG) by 52.86% based on its latest 2017Q3 regulatory filing with the SEC. United Asset Strategies Inc sold 47,281 shares as the company’s stock rose 4.13% with the market. The institutional investor held 42,167 shares of the consumer durables company at the end of 2017Q3, valued at $2.01 million, down from 89,448 at the end of the previous reported quarter. United Asset Strategies Inc who had been investing in Leggett & Platt Inc for a number of months, seems to be less bullish one the $5.87 billion market cap company. The stock decreased 1.24% or $0.56 during the last trading session, reaching $44.49. About 578,383 shares traded. Leggett & Platt, Incorporated (NYSE:LEG) has risen 4.35% since February 20, 2017 and is uptrending. It has underperformed by 12.35% the S&P500.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.01, from 1.11 in 2017Q2. It increased, as 43 investors sold LEG shares while 129 reduced holdings. 51 funds opened positions while 142 raised stakes. 88.88 million shares or 1.22% less from 89.97 million shares in 2017Q2 were reported. Federated Invsts Inc Pa stated it has 0% in Leggett & Platt, Incorporated (NYSE:LEG). Albion Ut has 59,650 shares. The Minnesota-based Us Bank De has invested 0.3% in Leggett & Platt, Incorporated (NYSE:LEG). Stephens Ar reported 0.04% in Leggett & Platt, Incorporated (NYSE:LEG). Ny State Teachers Retirement reported 0.03% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Wells Fargo Mn has invested 0.01% in Leggett & Platt, Incorporated (NYSE:LEG). Pub Employees Retirement Association Of Colorado has 0% invested in Leggett & Platt, Incorporated (NYSE:LEG) for 4,153 shares. Manufacturers Life Insur The has 0.01% invested in Leggett & Platt, Incorporated (NYSE:LEG). 40,177 were reported by State Treasurer State Of Michigan. Moreover, Wedge Capital L Lp Nc has 0.01% invested in Leggett & Platt, Incorporated (NYSE:LEG) for 12,821 shares. Raymond James Financial Advsrs Inc owns 0% invested in Leggett & Platt, Incorporated (NYSE:LEG) for 16,000 shares. Bbva Compass Comml Bank holds 9,033 shares or 0.03% of its portfolio. Arizona State Retirement System stated it has 0.02% of its portfolio in Leggett & Platt, Incorporated (NYSE:LEG). Columbia Wanger Asset Mgmt Ltd Com reported 445,705 shares. Estabrook Mgmt has 625 shares.

Among 10 analysts covering Leggett & Platt (NYSE:LEG), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Leggett & Platt had 21 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Hold” rating by Stifel Nicolaus on Wednesday, September 6. The rating was upgraded by Suntrust Robinson to “Buy” on Friday, September 22. Raymond James upgraded the shares of LEG in report on Monday, August 31 to “” rating. The rating was upgraded by Gabelli to “Buy” on Wednesday, February 7. The firm earned “Overweight” rating on Monday, June 5 by Piper Jaffray. Piper Jaffray maintained Leggett & Platt, Incorporated (NYSE:LEG) on Monday, August 14 with “Buy” rating. On Friday, September 15 the stock rating was upgraded by Hilliard Lyons to “Buy”. As per Friday, September 22, the company rating was upgraded by SunTrust. The firm has “Hold” rating by Stifel Nicolaus given on Friday, July 28. The stock of Leggett & Platt, Incorporated (NYSE:LEG) has “Buy” rating given on Thursday, July 13 by Piper Jaffray.

United Asset Strategies Inc, which manages about $731.00M and $176.37M US Long portfolio, upped its stake in Xerox Corp by 9,367 shares to 25,978 shares, valued at $865,000 in 2017Q3, according to the filing. It also increased its holding in Microsoft Corp (NASDAQ:MSFT) by 4,913 shares in the quarter, for a total of 25,434 shares, and has risen its stake in Nucor Corp (NYSE:NUE).

Since December 12, 2017, it had 0 buys, and 3 selling transactions for $746,823 activity. TRENT TAMMY M sold $11,620 worth of Leggett & Platt, Incorporated (NYSE:LEG) on Tuesday, December 12. 10,000 Leggett & Platt, Incorporated (NYSE:LEG) shares with value of $470,129 were sold by Douglas Scott S.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21. They expect $0.21 EPS, down 4.55% or $0.01 from last year’s $0.22 per share. ABX’s profit will be $241.70M for 15.36 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 83 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Market Perform” rating by BMO Capital Markets on Thursday, July 6. BMO Capital Markets maintained the stock with “Hold” rating in Sunday, October 1 report. The firm has “Equal-Weight” rating given on Tuesday, August 9 by Morgan Stanley. Clarkson Platou upgraded Barrick Gold Corporation (NYSE:ABX) on Monday, April 18 to “Buy” rating. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Hold” rating by Deutsche Bank on Friday, July 29. The stock of Barrick Gold Corporation (NYSE:ABX) has “Buy” rating given on Thursday, May 25 by RBC Capital Markets. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, September 18. On Wednesday, August 19 the stock rating was upgraded by Macquarie Research to “Neutral”. TD Securities maintained Barrick Gold Corporation (NYSE:ABX) on Friday, June 23 with “Hold” rating. The firm earned “Buy” rating on Friday, July 14 by Jefferies.

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: