Ironsides Asset Advisors Stake in First Bancorp N C (FBNC) Lifted as Share Value Declined; Advisory Research Has Boosted Accenture Plc (ACN) Holding

February 22, 2018 - By Hazel Jackson

Advisory Research Inc increased its stake in Accenture Plc (ACN) by 248.85% based on its latest 2017Q3 regulatory filing with the SEC. Advisory Research Inc bought 136,798 shares as the company’s stock declined 0.21% while stock markets rallied. The hedge fund held 191,770 shares of the business services company at the end of 2017Q3, valued at $25.90M, up from 54,972 at the end of the previous reported quarter. Advisory Research Inc who had been investing in Accenture Plc for a number of months, seems to be bullish on the $98.95B market cap company. The stock decreased 0.61% or $0.98 during the last trading session, reaching $160.46. About 1.63 million shares traded. Accenture plc (NYSE:ACN) has risen 4.27% since February 22, 2017 and is uptrending. It has underperformed by 12.43% the S&P500.

Ironsides Asset Advisors Llc increased its stake in First Bancorp N C (FBNC) by 100% based on its latest 2017Q3 regulatory filing with the SEC. Ironsides Asset Advisors Llc bought 37,486 shares as the company’s stock declined 9.05% while stock markets rallied. The institutional investor held 74,972 shares of the major banks company at the end of 2017Q3, valued at $2.59 million, up from 37,486 at the end of the previous reported quarter. Ironsides Asset Advisors Llc who had been investing in First Bancorp N C for a number of months, seems to be bullish on the $1.06B market cap company. The stock increased 0.59% or $0.21 during the last trading session, reaching $35.79. About 97,799 shares traded. First Bancorp (NASDAQ:FBNC) has risen 47.69% since February 22, 2017 and is uptrending. It has outperformed by 30.99% the S&P500.

Ironsides Asset Advisors Llc, which manages about $457.28 million and $243.49M US Long portfolio, decreased its stake in Spdr Series Trust (XPH) by 14,950 shares to 14,550 shares, valued at $619,000 in 2017Q3, according to the filing.

Investors sentiment decreased to 1.06 in Q3 2017. Its down 0.67, from 1.73 in 2017Q2. It turned negative, as 10 investors sold FBNC shares while 40 reduced holdings. 15 funds opened positions while 38 raised stakes. 16.40 million shares or 3.00% more from 15.92 million shares in 2017Q2 were reported. Bb&T Secs Lc owns 12,311 shares for 0.01% of their portfolio. 63,593 are held by Tiaa Cref Investment Mngmt Limited Com. State Board Of Administration Of Florida Retirement System accumulated 11,136 shares. Ameritas Investment Prtn has invested 0% in First Bancorp (NASDAQ:FBNC). Deutsche Bank Ag reported 0% stake. Jacobs Levy Equity Management reported 20,447 shares. 65,000 were reported by Employees Retirement System Of Texas. 36,695 are owned by Martin Comm Incorporated Tn. Sei invested in 109 shares. Tower Research Cap Ltd (Trc) holds 2,409 shares. Us Retail Bank De has 150 shares. Bankshares Of America De accumulated 135,733 shares. 9,000 were reported by Axa. Zweig invested in 108,645 shares. Invesco reported 51,097 shares or 0% of all its holdings.

Among 9 analysts covering First Bancorp (NASDAQ:FBNC), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. First Bancorp had 25 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of First Bancorp (NASDAQ:FBNC) earned “Buy” rating by Brean Capital on Monday, January 29. On Wednesday, November 16 the stock rating was initiated by Piper Jaffray with “Overweight”. The firm earned “Buy” rating on Tuesday, January 2 by Brean Capital. The firm earned “Buy” rating on Tuesday, October 3 by Keefe Bruyette & Woods. PiperJaffray reinitiated First Bancorp (NASDAQ:FBNC) on Thursday, October 5 with “Overweight” rating. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, June 26 report. On Monday, November 14 the stock rating was downgraded by Gabelli to “Hold”. The company was maintained on Wednesday, August 2 by Brean Capital. Brean Capital maintained the shares of FBNC in report on Monday, October 30 with “Buy” rating. The firm has “Buy” rating by Brean Capital given on Friday, December 1.

Since December 20, 2017, it had 1 insider buy, and 0 insider sales for $99,180 activity.

Advisory Research Inc, which manages about $11.47 billion and $6.28 billion US Long portfolio, decreased its stake in Hubspot Inc (NYSE:HUBS) by 40,568 shares to 88,795 shares, valued at $7.46M in 2017Q3, according to the filing. It also reduced its holding in Archrock Partners L.P. by 50,000 shares in the quarter, leaving it with 1.60M shares, and cut its stake in Ceva Inc (NASDAQ:CEVA).

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