Wedge Capital Management L LP Decreased F.N.B. (FNB) Holding; Seaspine Holdings (SPNE) Shorts Decreased By 2.37%

June 23, 2018 - By Michael Leger

SeaSpine Holdings Corporation (NASDAQ:SPNE) Logo

Wedge Capital Management L LP decreased F.N.B. Corporation (FNB) stake by 6.57% reported in 2018Q1 SEC filing. Wedge Capital Management L LP sold 84,091 shares as F.N.B. Corporation (FNB)’s stock declined 7.12%. The Wedge Capital Management L LP holds 1.20 million shares with $16.08M value, down from 1.28M last quarter. F.N.B. Corporation now has $4.51 billion valuation. The stock decreased 0.43% or $0.06 during the last trading session, reaching $13.92. About 2.65M shares traded or 8.59% up from the average. F.N.B. Corporation (NYSE:FNB) has declined 0.51% since June 23, 2017 and is downtrending. It has underperformed by 13.08% the S&P500. Some Historical FNB News: 02/04/2018 – Moody’s Affirms Fnb’s Ratings, Changes Outlook To Stable From Positive; 03/04/2018 – South Africa March FNB House Prices: Summary (Table); 02/04/2018 – MOODY’S AFFIRMS FNB’S RATINGS, OUTLOOK TO STABLE FROM POSITIVE; 24/04/2018 – FNB Corp 1Q Net Interest Income Totaled $226.1M; 19/03/2018 – FNB CORPORATE COMMUNICATIONS – FIRSTRAND HAS BEEN AWARDED SHORT-TERM INSURANCE LICENCE BY THE FINANCIAL SERVICES BOARD; 24/04/2018 – FNB Corp Saw 1Q Growth in Total Loans of $1.1B

Seaspine Holdings Corporation (NASDAQ:SPNE) had a decrease of 2.37% in short interest. SPNE’s SI was 24,700 shares in June as released by FINRA. Its down 2.37% from 25,300 shares previously. With 39,300 avg volume, 1 days are for Seaspine Holdings Corporation (NASDAQ:SPNE)’s short sellers to cover SPNE’s short positions. The SI to Seaspine Holdings Corporation’s float is 0.24%. The stock decreased 0.31% or $0.04 during the last trading session, reaching $12.99. About 147,734 shares traded or 124.75% up from the average. SeaSpine Holdings Corporation (NASDAQ:SPNE) has risen 11.03% since June 23, 2017 and is uptrending. It has underperformed by 1.54% the S&P500. Some Historical SPNE News: 03/05/2018 – SEASPINE HOLDINGS CORP SPNE.O – QTRLY NET LOSS PER SHARE, BASIC AND DILUTED $0.50; 20/04/2018 – DJ SeaSpine Holdings Corp, Inst Holders, 1Q 2018 (SPNE); 03/05/2018 – SeaSpine Holdings 1Q Loss/Shr 50c; 03/05/2018 – SEASPINE HOLDINGS CORP SPNE.O SEES FY 2018 REVENUE UP 2.5 TO 5.5 PCT; 03/05/2018 – SeaSpine Holdings 1Q Rev $33.2M; 07/03/2018 SeaSpine to Participate in the 38th Annual Cowen Healthcare Conference; 03/05/2018 – SEASPINE HOLDINGS CORP SPNE.O SEES FY 2018 REVENUE $135 MLN TO $139 MLN; 11/05/2018 – SEASPINE IN EQUITY DISTRIBUTION PACT FOR UP TO $50M COMMON SHRS

Wedge Capital Management L LP increased B&G Foods Inc. (NYSE:BGS) stake by 195,504 shares to 1.03 million valued at $24.48 million in 2018Q1. It also upped Great Plains Energy Incorporated (NYSE:GXP) stake by 135,880 shares and now owns 5.48M shares. Principal Financial Group Inc. (NYSE:PFG) was raised too.

More important recent F.N.B. Corporation (NYSE:FNB) news were published by: Bizjournals.com which released: “FNB expanding in South Carolina” on June 21, 2018, also Seekingalpha.com published article titled: “FNB Corp. to shed consumer finance unit, consolidate retail branches”, Prnewswire.com published: “First National Bank Honored as Top Workplace in Northeast Ohio for the Fourth Consecutive Year” on June 18, 2018. More interesting news about F.N.B. Corporation (NYSE:FNB) was released by: Prnewswire.com and their article: “FNB Corporation Donates $25000 to Aid Ellicott City Flood Relief Efforts” with publication date: June 11, 2018.

Investors sentiment increased to 1.3 in 2018 Q1. Its up 0.15, from 1.15 in 2017Q4. It increased, as 22 investors sold FNB shares while 79 reduced holdings. 35 funds opened positions while 96 raised stakes. 253.21 million shares or 3.66% more from 244.28 million shares in 2017Q4 were reported. Legal General Gru Public Ltd Company reported 0% in F.N.B. Corporation (NYSE:FNB). Vantage Invest Advisors Limited Company has 14,252 shares for 0.05% of their portfolio. Liberty Mutual Group Asset reported 0.03% stake. Stratos Wealth Partners Ltd reported 0% stake. Sei Invs Company owns 616,400 shares. 28.47 million are held by Vanguard Group Inc. Utah Retirement Systems accumulated 59,745 shares or 0.02% of the stock. Rmb Capital Mgmt Ltd Liability Corp holds 0% or 11,864 shares. First Natl Trust owns 1.21M shares. 7.94 million are held by Dimensional Fund Advsr Limited Partnership. Ubs Asset Mgmt Americas reported 0% stake. Cubist Systematic Strategies has invested 0% in F.N.B. Corporation (NYSE:FNB). Moreover, Teton Advsr Inc has 0.1% invested in F.N.B. Corporation (NYSE:FNB) for 75,600 shares. Services Automobile Association holds 0% of its portfolio in F.N.B. Corporation (NYSE:FNB) for 49,170 shares. Chase Inv Counsel Corp reported 0.09% of its portfolio in F.N.B. Corporation (NYSE:FNB).

Analysts await F.N.B. Corporation (NYSE:FNB) to report earnings on July, 19. They expect $0.27 EPS, up 17.39% or $0.04 from last year’s $0.23 per share. FNB’s profit will be $87.44M for 12.89 P/E if the $0.27 EPS becomes a reality. After $0.26 actual EPS reported by F.N.B. Corporation for the previous quarter, Wall Street now forecasts 3.85% EPS growth.

Among 11 analysts covering F.N.B. Corporation (NYSE:FNB), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. F.N.B. Corporation had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Tuesday, April 24 by RBC Capital Markets. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. The company was maintained on Tuesday, January 23 by SunTrust. Keefe Bruyette & Woods maintained it with “Hold” rating and $15.5 target in Friday, September 22 report. The firm has “Buy” rating by Jefferies given on Friday, September 15. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. On Thursday, October 19 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm earned “Buy” rating on Monday, August 28 by Boenning & Scattergood. RBC Capital Markets maintained F.N.B. Corporation (NYSE:FNB) on Thursday, September 7 with “Hold” rating. The firm has “Mkt Perform” rating given on Friday, July 22 by FBR Capital.

Since February 1, 2018, it had 17 buys, and 1 sale for $751,667 activity. $55,026 worth of F.N.B. Corporation (NYSE:FNB) was bought by DELIE VINCENT J JR on Thursday, May 17. Shares for $55,026 were bought by GURGOVITS STEPHEN J on Thursday, May 17. On Thursday, May 17 the insider Mencini Frank C bought $55,026. The insider CHIAFULLO JAMES D bought $55,026. $47,784 worth of stock was sold by CAMPBELL WILLIAM B on Thursday, February 1. $5,002 worth of stock was bought by MCCARTHY ROBERT J JR on Thursday, May 17. MOTLEY DAVID L bought $55,026 worth of stock.

Among 4 analysts covering SeaSpine Hldgs (NASDAQ:SPNE), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SeaSpine Hldgs had 8 analyst reports since June 21, 2017 according to SRatingsIntel. The stock has “Buy” rating by Piper Jaffray on Friday, August 18. The stock of SeaSpine Holdings Corporation (NASDAQ:SPNE) earned “Buy” rating by BTIG Research on Tuesday, July 11. The company was maintained on Friday, May 4 by H.C. Wainwright. The rating was maintained by Piper Jaffray on Thursday, September 28 with “Buy”. The stock has “Buy” rating by H.C. Wainwright on Friday, March 2.

More news for SeaSpine Holdings Corporation (NASDAQ:SPNE) were recently published by: Nasdaq.com, which released: “As Spinal Stocks Climb Toward Yearly Highs, There’s Still Room for Upside” on June 07, 2018. Seekingalpha.com‘s article titled: “Premarket analyst action – healthcare” and published on June 01, 2018 is yet another important article.

F.N.B. Corporation (NYSE:FNB) Institutional Positions Chart

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