Glenmede Trust Company Na Upped Stake in B&G Foods (BGS) by $15.74 Million; Commscope Hldg Co (COMM) Market Value Rose While Chieftain Capital Management Decreased Its Holding

April 17, 2018 - By Peter Erickson

B&G Foods, Inc. (NYSE:BGS) Logo

Glenmede Trust Company Na increased its stake in B&G Foods Inc (BGS) by 174295.74% based on its latest 2017Q4 regulatory filing with the SEC. Glenmede Trust Company Na bought 449,683 shares as the company’s stock declined 31.39% with the market. The institutional investor held 449,941 shares of the consumer non-durables company at the end of 2017Q4, valued at $15.81M, up from 258 at the end of the previous reported quarter. Glenmede Trust Company Na who had been investing in B&G Foods Inc for a number of months, seems to be bullish on the $1.74B market cap company. The stock increased 1.96% or $0.5 during the last trading session, reaching $26.05. About 206,257 shares traded. B&G Foods, Inc. (NYSE:BGS) has declined 37.88% since April 17, 2017 and is downtrending. It has underperformed by 49.43% the S&P500.

John Shapiro decreased its stake in Commscope Hldg Co Inc (COMM) by 5.49% based on its latest 2017Q4 regulatory filing with the SEC. Chieftain Capital Management Inc sold 399,392 shares as the company’s stock rose 2.82% while stock markets declined. The hedge fund run by John Shapiro held 6.87M shares of the technology company at the end of 2017Q4, valued at $259.93 million, down from 7.27M at the end of the previous reported quarter. Chieftain Capital Management Inc who had been investing in Commscope Hldg Co Inc for a number of months, seems to be less bullish one the $7.80 billion market cap company. The stock increased 0.27% or $0.11 during the last trading session, reaching $40.66. About 528,207 shares traded. CommScope Holding Company, Inc. (NASDAQ:COMM) has declined 4.00% since April 17, 2017 and is downtrending. It has underperformed by 15.55% the S&P500.

Among 12 analysts covering B&G Foods (NYSE:BGS), 5 have Buy rating, 1 Sell and 6 Hold. Therefore 42% are positive. B&G Foods had 44 analyst reports since July 27, 2015 according to SRatingsIntel. Stephens maintained B&G Foods, Inc. (NYSE:BGS) on Wednesday, February 28 with “Buy” rating. RBC Capital Markets maintained B&G Foods, Inc. (NYSE:BGS) rating on Tuesday, July 18. RBC Capital Markets has “Buy” rating and $5200 target. On Monday, July 27 the stock rating was initiated by William Blair with “Outperform”. As per Thursday, March 1, the company rating was downgraded by Berenberg. Berenberg upgraded the shares of BGS in report on Thursday, November 16 to “Buy” rating. The stock of B&G Foods, Inc. (NYSE:BGS) earned “Outperform” rating by Credit Suisse on Friday, March 17. The firm has “Neutral” rating given on Friday, August 4 by Buckingham Research. The stock of B&G Foods, Inc. (NYSE:BGS) has “Neutral” rating given on Tuesday, August 9 by DA Davidson. The firm has “Sell” rating given on Thursday, August 27 by Zacks. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, June 14 report.

Glenmede Trust Company Na, which manages about $24.00 billion US Long portfolio, decreased its stake in Entegris Inc (NASDAQ:ENTG) by 32,187 shares to 1.17M shares, valued at $35.54 million in 2017Q4, according to the filing. It also reduced its holding in Sempra Energy (NYSE:SRE) by 2,866 shares in the quarter, leaving it with 13,592 shares, and cut its stake in Delek Us Hldgs Inc Com.

Among 12 analysts covering CommScope Holding (NASDAQ:COMM), 10 have Buy rating, 0 Sell and 2 Hold. Therefore 83% are positive. CommScope Holding had 36 analyst reports since July 24, 2015 according to SRatingsIntel. Goldman Sachs upgraded CommScope Holding Company, Inc. (NASDAQ:COMM) on Monday, May 9 to “Buy” rating. The firm earned “Buy” rating on Tuesday, October 10 by Jefferies. The rating was maintained by Citigroup on Thursday, November 2 with “Buy”. On Tuesday, January 17 the stock rating was downgraded by Raymond James to “Mkt Perform”. The firm has “Buy” rating given on Monday, February 22 by Cross Research. As per Tuesday, June 6, the company rating was maintained by Jefferies. The firm has “Overweight” rating given on Thursday, August 17 by Morgan Stanley. As per Friday, August 4, the company rating was downgraded by Longbow. The stock of CommScope Holding Company, Inc. (NASDAQ:COMM) earned “Hold” rating by Northland Capital on Friday, February 16. As per Tuesday, December 20, the company rating was initiated by Citigroup.

Investors sentiment increased to 0.98 in 2017 Q4. Its up 0.26, from 0.72 in 2017Q3. It increased, as 41 investors sold COMM shares while 77 reduced holdings. 45 funds opened positions while 71 raised stakes. 193.85 million shares or 1.07% more from 191.80 million shares in 2017Q3 were reported. Webster Financial Bank N A has invested 0.01% in CommScope Holding Company, Inc. (NASDAQ:COMM). Price T Rowe Assoc Md holds 63,145 shares. Trafelet Brokaw Cap Limited Partnership reported 194,600 shares. Tiaa Cref Inv Limited Liability Company holds 0.03% of its portfolio in CommScope Holding Company, Inc. (NASDAQ:COMM) for 1.13 million shares. Millennium Lc owns 0.02% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 322,777 shares. Bank Of Montreal Can invested in 0% or 12,326 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 46,310 shares. Ameriprise owns 0% invested in CommScope Holding Company, Inc. (NASDAQ:COMM) for 108,547 shares. 5,313 were accumulated by Koch. Us National Bank & Trust De reported 4,485 shares. Toronto Dominion Bankshares accumulated 11,377 shares. Bnp Paribas Asset Mgmt Hldgs invested in 0.04% or 125,053 shares. Invesco Ltd holds 1.48M shares or 0.02% of its portfolio. Metropolitan Life Insurance New York has 9,824 shares for 0% of their portfolio. Sentry Invs holds 21,000 shares or 0.01% of its portfolio.

CommScope Holding Company, Inc. (NASDAQ:COMM) Institutional Positions Chart

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