Quantres Asset Management LTD Has Raised Its Kellogg Co (K) Stake; Griffon Has 1.16 Sentiment

March 13, 2018 - By Louis Casey

Griffon Corporation, through its wholly-owned subsidiaries, engages in home and building, telephonics, and plastic products businesses worldwide. The company has market cap of $882.07 million. The Company’s Home & Building Products segment makes and markets long-handled tools and landscaping products for homeowners and professionals; and residential and commercial garage doors to professional dealers and home center retail chains. It has a 25.84 P/E ratio. The companyÂ’s Telephonics segment designs, develops, makes, and provides logistical support and lifecycle sustainment services; and intelligence, surveillance, and communications solutions to defense, aerospace, and commercial customers.

Quantres Asset Management Ltd increased Kellogg Co (K) stake by 179.73% reported in 2017Q3 SEC filing. Quantres Asset Management Ltd acquired 13,300 shares as Kellogg Co (K)’s stock declined 2.57%. The Quantres Asset Management Ltd holds 20,700 shares with $1.29 million value, up from 7,400 last quarter. Kellogg Co now has $24.20B valuation. The stock decreased 0.60% or $0.42 during the last trading session, reaching $69.83. About 2.46M shares traded. Kellogg Company (NYSE:K) has declined 5.60% since March 13, 2017 and is downtrending. It has underperformed by 22.30% the S&P500.

Among 26 analysts covering Kellogg Company (NYSE:K), 10 have Buy rating, 3 Sell and 13 Hold. Therefore 38% are positive. Kellogg Company had 71 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of Kellogg Company (NYSE:K) has “Neutral” rating given on Wednesday, November 4 by Credit Suisse. Piper Jaffray upgraded Kellogg Company (NYSE:K) on Wednesday, February 28 to “Buy” rating. Goldman Sachs upgraded Kellogg Company (NYSE:K) on Wednesday, March 16 to “Neutral” rating. Argus Research upgraded the stock to “Buy” rating in Wednesday, November 22 report. Citigroup maintained the stock with “Buy” rating in Friday, August 5 report. The company was upgraded on Tuesday, December 8 by Morgan Stanley. The stock has “Hold” rating by RBC Capital Markets on Tuesday, September 5. The stock of Kellogg Company (NYSE:K) has “Hold” rating given on Wednesday, October 18 by RBC Capital Markets. Susquehanna maintained Kellogg Company (NYSE:K) rating on Wednesday, June 14. Susquehanna has “Hold” rating and $7800 target. Bank of America maintained the shares of K in report on Friday, February 9 with “Underperform” rating.

Investors sentiment increased to 0.91 in Q3 2017. Its up 0.05, from 0.86 in 2017Q2. It increased, as 60 investors sold K shares while 205 reduced holdings. 47 funds opened positions while 180 raised stakes. 307.00 million shares or 3.54% more from 296.50 million shares in 2017Q2 were reported. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has invested 0.02% of its portfolio in Kellogg Company (NYSE:K). First Personal holds 0% or 225 shares. Lombard Odier Asset Management (Europe) Limited holds 3,514 shares. Inr Advisory Lc has 0% invested in Kellogg Company (NYSE:K). Principal Financial Gp owns 0.02% invested in Kellogg Company (NYSE:K) for 375,375 shares. Moreover, Old Second Natl Bank Of Aurora has 0% invested in Kellogg Company (NYSE:K). Thompson Siegel & Walmsley Ltd Liability Company accumulated 1.68 million shares. Nelson Van Denburg & Campbell Wealth Mgmt Gp Ltd Com reported 40 shares. Bluemountain Capital Mngmt Limited Co accumulated 4,718 shares. 503,123 were accumulated by Asset Mngmt One Com Limited. Moreover, Banque Pictet Cie has 0.06% invested in Kellogg Company (NYSE:K) for 42,100 shares. Carroll reported 0% stake. Arizona State Retirement System has invested 0.08% in Kellogg Company (NYSE:K). 20,300 are owned by Private Wealth Prtnrs Lc. Advsr Asset Management reported 3,201 shares or 0% of all its holdings.

Quantres Asset Management Ltd decreased Centurylink Inc (NYSE:CTL) stake by 110,700 shares to 16,200 valued at $306,000 in 2017Q3. It also reduced Mondelez International Inc (NASDAQ:MDLZ) stake by 9,500 shares and now owns 8,600 shares. Biogen Inc (NASDAQ:BIIB) was reduced too.

Since December 13, 2017, it had 0 insider purchases, and 6 sales for $165.21 billion activity. KELLOGG W K FOUNDATION TRUST sold $14.24M worth of Kellogg Company (NYSE:K) on Thursday, March 8.

Since January 1, 0001, it had 1 buying transaction, and 0 sales for $45,825 activity.

Teton Advisors Inc. holds 0.87% of its portfolio in Griffon Corporation for 422,703 shares. Gamco Investors Inc. Et Al owns 5.75 million shares or 0.79% of their US portfolio. Moreover, Norman Fields Gottscho Capital Management Llc has 0.74% invested in the company for 55,525 shares. The Massachusetts-based Ironwood Investment Management Llc has invested 0.6% in the stock. Gabelli Funds Llc, a New York-based fund reported 1.70 million shares.

The stock increased 2.30% or $0.45 during the last trading session, reaching $20. About 171,300 shares traded or 29.77% up from the average. Griffon Corporation (GFF) has risen 33.37% since March 13, 2017 and is uptrending. It has outperformed by 16.67% the S&P500.

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