Archer Daniels Midland Co (ADM) Share Price Declined While Cambridge Financial Group Cut Position by $75.35 Million; Iconix Brand Group (ICON) Holding Raised by Permit Capital Llc

December 17, 2017 - By Darrin Black

Cambridge Financial Group Inc decreased its stake in Archer Daniels Midland Co (ADM) by 1.41% based on its latest 2017Q2 regulatory filing with the SEC. Cambridge Financial Group Inc sold 1,821 shares as the company’s stock declined 7.14% while stock markets rallied. The institutional investor held 127,721 shares of the packaged foods company at the end of 2017Q2, valued at $5.29 billion, down from 129,542 at the end of the previous reported quarter. Cambridge Financial Group Inc who had been investing in Archer Daniels Midland Co for a number of months, seems to be less bullish one the $22.68 billion market cap company. The stock increased 2.50% or $0.99 during the last trading session, reaching $40.56. About 9.69 million shares traded or 228.78% up from the average. Archer-Daniels-Midland Company (NYSE:ADM) has risen 8.16% since December 17, 2016 and is uptrending. It has underperformed by 8.54% the S&P500.

Permit Capital Llc increased its stake in Iconix Brand Group Inc (ICON) by 16.61% based on its latest 2017Q2 regulatory filing with the SEC. Permit Capital Llc bought 110,400 shares as the company’s stock declined 30.61% while stock markets rallied. The hedge fund held 774,927 shares of the consumer non-durables company at the end of 2017Q2, valued at $5.36M, up from 664,527 at the end of the previous reported quarter. Permit Capital Llc who had been investing in Iconix Brand Group Inc for a number of months, seems to be bullish on the $84.48 million market cap company. The stock increased 5.71% or $0.08 during the last trading session, reaching $1.48. About 2.13 million shares traded. Iconix Brand Group, Inc. (NASDAQ:ICON) has declined 13.52% since December 17, 2016 and is downtrending. It has underperformed by 30.22% the S&P500.

Analysts await Archer-Daniels-Midland Company (NYSE:ADM) to report earnings on February, 6. They expect $0.71 EPS, down 5.33% or $0.04 from last year’s $0.75 per share. ADM’s profit will be $397.06M for 14.28 P/E if the $0.71 EPS becomes a reality. After $0.45 actual EPS reported by Archer-Daniels-Midland Company for the previous quarter, Wall Street now forecasts 57.78% EPS growth.

Cambridge Financial Group Inc, which manages about $186.99 million US Long portfolio, upped its stake in Unum (NYSE:UNM) by 2,918 shares to 120,798 shares, valued at $5.63B in 2017Q2, according to the filing. It also increased its holding in Johnson Controls by 131 shares in the quarter, for a total of 131,107 shares, and has risen its stake in Bank Of America Corp (NYSE:BAC).

Among 14 analysts covering Archer Daniels Midland Company (NYSE:ADM), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Archer Daniels Midland Company had 42 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, August 31, the company rating was maintained by Credit Suisse. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, November 4 report. On Thursday, July 13 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Hold” rating given on Friday, September 15 by BMO Capital Markets. As per Wednesday, July 29, the company rating was downgraded by Citigroup. The stock of Archer-Daniels-Midland Company (NYSE:ADM) earned “Underweight” rating by JP Morgan on Friday, November 11. The rating was downgraded by Argus Research to “Hold” on Thursday, June 1. Stifel Nicolaus maintained Archer-Daniels-Midland Company (NYSE:ADM) on Wednesday, September 13 with “Hold” rating. The company was maintained on Friday, October 13 by Robert W. Baird. The rating was maintained by BMO Capital Markets on Wednesday, August 2 with “Hold”.

Investors sentiment decreased to 0.88 in 2017 Q2. Its down 0.12, from 1 in 2017Q1. It dived, as 62 investors sold ADM shares while 224 reduced holdings. 66 funds opened positions while 185 raised stakes. 405.00 million shares or 0.21% less from 405.85 million shares in 2017Q1 were reported. Federated Invsts Inc Pa holds 0.01% or 109,145 shares. Ltd Liability Company, Georgia-based fund reported 4,962 shares. Assetmark Inc owns 12,572 shares for 0.01% of their portfolio. Moreover, Westwood Holdings has 0% invested in Archer-Daniels-Midland Company (NYSE:ADM). Alliancebernstein Lp holds 0.04% or 1.24 million shares in its portfolio. Gateway Inv Advisers Lc owns 0.01% invested in Archer-Daniels-Midland Company (NYSE:ADM) for 35,908 shares. Commonwealth Equity Serv Incorporated owns 172,353 shares or 0.05% of their US portfolio. Stadion Money Mgmt Ltd Com has 27,307 shares for 0.04% of their portfolio. M&R Management Incorporated owns 313 shares or 0% of their US portfolio. Andra Ap has 0.09% invested in Archer-Daniels-Midland Company (NYSE:ADM). Oppenheimer & Com holds 47,604 shares. Ameriprise Fincl owns 3.96 million shares. Bb&T Secs Ltd Limited Liability Company, a Virginia-based fund reported 17,648 shares. Fuller And Thaler Asset Management invested 0.01% in Archer-Daniels-Midland Company (NYSE:ADM). Alexandria Capital Limited Com holds 0% in Archer-Daniels-Midland Company (NYSE:ADM) or 55 shares.

Investors sentiment increased to 1.34 in Q2 2017. Its up 0.01, from 1.33 in 2017Q1. It increased, as 25 investors sold ICON shares while 34 reduced holdings. 25 funds opened positions while 54 raised stakes. 47.16 million shares or 1.15% less from 47.71 million shares in 2017Q1 were reported. Louisiana State Employees Retirement Systems owns 23,200 shares or 0.01% of their US portfolio. The Maryland-based Price T Rowe Incorporated Md has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Texas Permanent School Fund holds 0% or 41,661 shares. 13,378 were reported by Brandes Investment Prtnrs L P. 36,922 were accumulated by Stevens Cap Management Ltd Partnership. Engineers Gate Manager Lp has invested 0.02% in Iconix Brand Group, Inc. (NASDAQ:ICON). Ny State Common Retirement Fund stated it has 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Federated Invsts Pa accumulated 131,593 shares. Nomura Hldgs holds 0% or 5,774 shares in its portfolio. New York-based Int has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Peoples Fincl Services Corp owns 168 shares. Schwab Charles Mgmt, a California-based fund reported 690,779 shares. Wells Fargo Co Mn accumulated 64,638 shares. Us Bancorp De holds 19 shares or 0% of its portfolio. Credit Suisse Ag, Switzerland-based fund reported 30,885 shares.

Permit Capital Llc, which manages about $370.20 million and $170.02M US Long portfolio, decreased its stake in Weight Watchers Intl Inc (NYSE:WTW) by 84,150 shares to 137,000 shares, valued at $4.58M in 2017Q2, according to the filing.

Among 9 analysts covering Iconix Brand Group (NASDAQ:ICON), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Iconix Brand Group had 18 analyst reports since August 7, 2015 according to SRatingsIntel. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) earned “Buy” rating by Roth Capital on Wednesday, November 11. The firm has “Buy” rating given on Friday, August 7 by Brean Capital. The company was downgraded on Friday, August 7 by Wunderlich. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) has “Hold” rating given on Monday, August 14 by Cowen & Co. As per Wednesday, August 12, the company rating was upgraded by Monness Crespi & Hardt. Wunderlich maintained the stock with “Hold” rating in Friday, November 6 report. The firm has “Hold” rating given on Wednesday, September 27 by Cowen & Co. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) earned “Hold” rating by Roth Capital on Wednesday, December 6. The stock of Iconix Brand Group, Inc. (NASDAQ:ICON) has “” rating given on Friday, August 7 by Nomura. Monness Crespi & Hardt downgraded the stock to “Neutral” rating in Friday, November 6 report.

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