Riverpoint Capital Management Has Raised Holding in Carnival (CCL) by $344,760; Tfs Capital Lifted Its Position in Tenneco (TEN) as Shares Declined

December 17, 2017 - By wolcottdaily

Riverpoint Capital Management Llc increased its stake in Carnival Corp (CCL) by 2.05% based on its latest 2017Q2 regulatory filing with the SEC. Riverpoint Capital Management Llc bought 5,304 shares as the company’s stock rose 11.01% with the market. The institutional investor held 263,999 shares of the marine transportation company at the end of 2017Q2, valued at $17.31M, up from 258,695 at the end of the previous reported quarter. Riverpoint Capital Management Llc who had been investing in Carnival Corp for a number of months, seems to be bullish on the $47.44 billion market cap company. The stock increased 1.18% or $0.77 during the last trading session, reaching $65.95. About 5.51M shares traded or 74.93% up from the average. Carnival Corporation (NYSE:CCL) has risen 24.12% since December 17, 2016 and is uptrending. It has outperformed by 7.42% the S&P500.

Tfs Capital Llc increased its stake in Tenneco Inc (TEN) by 311.61% based on its latest 2017Q2 regulatory filing with the SEC. Tfs Capital Llc bought 11,567 shares as the company’s stock declined 16.10% while stock markets rallied. The institutional investor held 15,279 shares of the o.e.m. company at the end of 2017Q2, valued at $884,000, up from 3,712 at the end of the previous reported quarter. Tfs Capital Llc who had been investing in Tenneco Inc for a number of months, seems to be bullish on the $2.94 billion market cap company. The stock increased 0.90% or $0.51 during the last trading session, reaching $56.91. About 894,680 shares traded or 99.31% up from the average. Tenneco Inc. (NYSE:TEN) has risen 7.45% since December 17, 2016 and is uptrending. It has underperformed by 9.25% the S&P500.

Since October 16, 2017, it had 0 buys, and 1 insider sale for $6.13 million activity.

Investors sentiment decreased to 1.12 in 2017 Q2. Its down 0.03, from 1.15 in 2017Q1. It dropped, as 38 investors sold CCL shares while 225 reduced holdings. 89 funds opened positions while 205 raised stakes. 408.62 million shares or 0.87% less from 412.20 million shares in 2017Q1 were reported. Tower Cap Ltd Liability Corp (Trc) has invested 0% in Carnival Corporation (NYSE:CCL). Highbridge Capital Mngmt Ltd Liability invested 0% of its portfolio in Carnival Corporation (NYSE:CCL). Sib Limited Com stated it has 55,316 shares or 2.81% of all its holdings. 4,123 are held by Stanley. Westpac Bk owns 0% invested in Carnival Corporation (NYSE:CCL) for 117,192 shares. Profund Advisors Limited Liability Company holds 13,968 shares. Brown Advisory has invested 0% of its portfolio in Carnival Corporation (NYSE:CCL). 4,393 were accumulated by Bokf Na. Gulf Intl State Bank (Uk) Limited stated it has 111,038 shares. Omers Administration holds 0.02% of its portfolio in Carnival Corporation (NYSE:CCL) for 22,300 shares. Trinity Street Asset Mgmt Limited Liability Partnership accumulated 654,817 shares. First Amer Bancorporation reported 68,822 shares. Leuthold Gp Ltd Co owns 138,627 shares for 0.97% of their portfolio. Perella Weinberg Partners Ltd Partnership invested 0.13% in Carnival Corporation (NYSE:CCL). Renaissance Gru Limited Liability Co invested in 1.36% or 563,608 shares.

Riverpoint Capital Management Llc, which manages about $1.62B and $1.44B US Long portfolio, decreased its stake in Microchip Technology Inc (NASDAQ:MCHP) by 32,929 shares to 327,601 shares, valued at $25.28 million in 2017Q2, according to the filing. It also reduced its holding in United Parcel Service Inc (NYSE:UPS) by 37,180 shares in the quarter, leaving it with 9,422 shares, and cut its stake in Alphabet Inc.

Among 27 analysts covering Carnival Corporation (NYSE:CCL), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Carnival Corporation had 60 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 23 by Nomura. The firm earned “Hold” rating on Thursday, September 29 by Deutsche Bank. The firm has “Peer Perform” rating given on Wednesday, November 18 by Wolfe Research. The company was upgraded on Monday, February 27 by Argus Research. The rating was maintained by William Blair with “Buy” on Thursday, June 8. Deutsche Bank maintained the stock with “Buy” rating in Thursday, September 24 report. The company was maintained on Wednesday, June 29 by Goldman Sachs. Bernstein initiated the stock with “Outperform” rating in Friday, September 9 report. The firm has “Buy” rating by Stifel Nicolaus given on Wednesday, September 23. The stock of Carnival Corporation (NYSE:CCL) has “Buy” rating given on Monday, October 5 by Citigroup.

Tfs Capital Llc, which manages about $1.72 billion and $255.14 million US Long portfolio, decreased its stake in Telephone & Data Sys Inc (NYSE:TDS) by 13,185 shares to 35,993 shares, valued at $999,000 in 2017Q2, according to the filing. It also reduced its holding in Innophos Holdings Inc (NASDAQ:IPHS) by 11,185 shares in the quarter, leaving it with 5,434 shares, and cut its stake in Myokardia Inc.

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tenneco Inc had 40 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Tuesday, December 15. The stock of Tenneco Inc. (NYSE:TEN) has “Buy” rating given on Monday, April 3 by Goldman Sachs. RBC Capital Markets maintained Tenneco Inc. (NYSE:TEN) rating on Friday, October 27. RBC Capital Markets has “Hold” rating and $61.0 target. RBC Capital Markets maintained it with “Outperform” rating and $62 target in Monday, October 26 report. As per Tuesday, May 30, the company rating was maintained by Jefferies. The stock has “Overweight” rating by Barclays Capital on Thursday, February 11. Wells Fargo maintained Tenneco Inc. (NYSE:TEN) on Monday, October 30 with “Market Perform” rating. The stock of Tenneco Inc. (NYSE:TEN) earned “Neutral” rating by Susquehanna on Wednesday, January 25. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock of Tenneco Inc. (NYSE:TEN) earned “Hold” rating by Jefferies on Wednesday, November 30.

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.06, from 1.03 in 2017Q1. It fall, as 42 investors sold TEN shares while 87 reduced holdings. 32 funds opened positions while 93 raised stakes. 50.49 million shares or 1.27% less from 51.14 million shares in 2017Q1 were reported. Sg Americas Secs Ltd Llc holds 1,866 shares. Whittier Trust Co has invested 0.05% in Tenneco Inc. (NYSE:TEN). Meeder Asset Management Inc, Ohio-based fund reported 7,099 shares. Cim Investment Mangement holds 4,674 shares or 0.1% of its portfolio. Great West Life Assurance Can holds 0% of its portfolio in Tenneco Inc. (NYSE:TEN) for 5,704 shares. Teachers Retirement Systems Of The State Of Kentucky invested 0.02% of its portfolio in Tenneco Inc. (NYSE:TEN). Ent Finance Services Corporation holds 0% or 70 shares in its portfolio. Ksa Cap Mgmt Limited Com, a New Jersey-based fund reported 5,000 shares. Invesco invested in 0% or 40,679 shares. Cooke & Bieler Lp owns 613,569 shares. Loomis Sayles And Ltd Partnership has 0% invested in Tenneco Inc. (NYSE:TEN) for 135 shares. 63,951 were accumulated by Rhumbline Advisers. Livforsakringsbolaget Skandia Omsesidigt invested in 43,800 shares or 0.23% of the stock. Ahl Prns Llp stated it has 0.01% in Tenneco Inc. (NYSE:TEN). Royal Comml Bank Of Canada has 0.01% invested in Tenneco Inc. (NYSE:TEN) for 421,286 shares.

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