Levin Capital Strategies LP Has Raised By $604,624 Its Rite Aid (RAD) Holding; Asia Tigers Fund (GRR) Sentiment Is 0.57

August 10, 2017 - By marketbeat

Grange Resources Limited is an Australia company, which owns and operates iron ore mining and pellet production business located in the northwest region of Tasmania. The company has market cap of $167.81 million. The Firm operates through the segment of exploration, evaluation and development of mineral resources and iron ore mining operations. It has a 1.81 P/E ratio. The principal activities of the Company include the mining, processing and sale of iron ore, and the ongoing exploration, evaluation and development of mineral resources particularly, the Southdown Magnetite and associated Pellet Plant Projects.

Levin Capital Strategies Lp increased Rite Aid Corp (RAD) stake by 42.79% reported in 2016Q4 SEC filing. Levin Capital Strategies Lp acquired 75,578 shares as Rite Aid Corp (RAD)’s stock declined 41.75%. The Levin Capital Strategies Lp holds 252,206 shares with $2.08 million value, up from 176,628 last quarter. Rite Aid Corp now has $2.42 billion valuation. The stock declined 2.13% or $0.05 reaching $2.3 on the news. About 3.60 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 55.18% since August 10, 2016 and is downtrending. It has underperformed by 71.88% the S&P500.

The stock increased 3.57% or $0.005 on August 10, reaching $0.145. About 1.69 million shares traded. Grange Resources Limited (GRR) has risen 37.03% since August 10, 2016 and is uptrending. It has outperformed by 20.33% the S&P500.

City Of London Investment Management Co Ltd holds 0.82% of its portfolio in Grange Resources Limited for 1.12 million shares. Bulldog Investors Llc owns 144,450 shares or 0.34% of their US portfolio. Moreover, 1607 Capital Partners Llc has 0.12% invested in the company for 190,692 shares. The Pennsylvania-based Blue Bell Private Wealth Management Llc has invested 0.01% in the stock. Css Llc Il, a Illinois-based fund reported 13,029 shares.

Levin Capital Strategies Lp decreased Huntington Bancshares Inc (NASDAQ:HBAN) stake by 44,361 shares to 9.62 million valued at $127.23 million in 2016Q4. It also reduced Anadarko Pete Corp (NYSE:APC) stake by 9,966 shares and now owns 1.20M shares. Sl Green Rlty Corp (NYSE:SLG) was reduced too.

Investors sentiment decreased to 0.92 in 2016 Q4. Its down 0.26, from 1.18 in 2016Q3. It dropped, as 67 investors sold RAD shares while 114 reduced holdings. 39 funds opened positions while 128 raised stakes. 598.79 million shares or 0.81% more from 593.98 million shares in 2016Q3 were reported. Nomura Asset Comm Ltd holds 0.02% or 138,100 shares in its portfolio. Fjarde Ap accumulated 0.06% or 297,835 shares. Moreover, Geneva Ltd Com has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 39,173 shares. Brick & Kyle Associates holds 500 shares or 0% of its portfolio. Private Retail Bank And Trust Company reported 56,500 shares or 0.07% of all its holdings. Dynamic Limited reported 0.35% stake. Public Sector Pension Investment Board accumulated 4.52M shares or 0.36% of the stock. Pictet Asset Management Limited accumulated 356,000 shares. Loomis Sayles & Lp reported 0.01% in Rite Aid Corporation (NYSE:RAD). The New York-based D E Shaw Incorporated has invested 0% in Rite Aid Corporation (NYSE:RAD). North Star Investment Mngmt holds 0% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 37 shares. Fincl Engines Advsr Limited Liability Corp accumulated 0% or 4,325 shares. Winslow Evans Crocker Incorporated stated it has 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Finemark National Bank & Trust And invested 0% in Rite Aid Corporation (NYSE:RAD). Creative Planning stated it has 128,321 shares or 0.01% of all its holdings.

Among 11 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 7 Hold. Therefore 18% are positive. Rite Aid had 17 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, August 19, the company rating was upgraded by Vetr. The rating was maintained by Mizuho with “Buy” on Thursday, September 17. The rating was downgraded by Mizuho to “Neutral” on Thursday, July 20. The company was downgraded on Friday, April 8 by Deutsche Bank. Bank of America reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with “Underperform” rating. The company was initiated on Thursday, August 13 by Bank of America. The rating was downgraded by Goldman Sachs on Thursday, October 29 to “Neutral”. The rating was upgraded by Vetr on Friday, August 14 to “Buy”. Evercore reinitiated it with “Underperform” rating and $2.50 target in Friday, June 30 report. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Thursday, August 6 by Vetr.

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