1607 Capital Partners Cut Its Royce Value Tr (RVT) Stake as Market Valuation Declined; As Usg (USG) Share Price Declined, Holder Sasco Capital Has Lowered Its Holding by $28.06 Million

January 14, 2018 - By Nellie Frank

1607 Capital Partners Llc decreased its stake in Royce Value Tr Inc (RVT) by 38.18% based on its latest 2017Q3 regulatory filing with the SEC. 1607 Capital Partners Llc sold 125,900 shares as the company’s stock declined 0.14% while stock markets rallied. The institutional investor held 203,817 shares of the company at the end of 2017Q3, valued at $3.22 million, down from 329,717 at the end of the previous reported quarter. 1607 Capital Partners Llc who had been investing in Royce Value Tr Inc for a number of months, seems to be less bullish one the $1.41B market cap company. The stock increased 1.13% or $0.19 during the last trading session, reaching $16.95. About 218,104 shares traded. Royce Value Trust Inc. (NYSE:RVT) has risen 25.15% since January 14, 2017 and is uptrending. It has outperformed by 8.45% the S&P500.

Sasco Capital Inc decreased its stake in Usg Corp (USG) by 27.02% based on its latest 2017Q3 regulatory filing with the SEC. Sasco Capital Inc sold 876,794 shares as the company’s stock declined 12.55% while stock markets rallied. The institutional investor held 2.37M shares of the building materials company at the end of 2017Q3, valued at $77.33 million, down from 3.25 million at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Usg Corp for a number of months, seems to be less bullish one the $5.39 billion market cap company. The stock increased 0.08% or $0.03 during the last trading session, reaching $39.53. About 1.29 million shares traded or 2.74% up from the average. USG Corporation (NYSE:USG) has risen 0.17% since January 14, 2017 and is uptrending. It has underperformed by 16.53% the S&P500.

Investors sentiment decreased to 1.25 in 2017 Q3. Its down 0.13, from 1.38 in 2017Q2. It turned negative, as 10 investors sold RVT shares while 30 reduced holdings. 12 funds opened positions while 38 raised stakes. 18.49 million shares or 1.52% less from 18.77 million shares in 2017Q2 were reported. Parametric Port Assocs Lc reported 109,513 shares. Cls Invests Limited Liability has invested 0.18% in Royce Value Trust Inc. (NYSE:RVT). Cohen And Steers Inc has invested 0% in Royce Value Trust Inc. (NYSE:RVT). Pnc Group Inc stated it has 0% of its portfolio in Royce Value Trust Inc. (NYSE:RVT). Zuckerman Inv Grp Inc Limited Company invested 0.17% of its portfolio in Royce Value Trust Inc. (NYSE:RVT). 1607 Partners Llc holds 0.18% in Royce Value Trust Inc. (NYSE:RVT) or 203,817 shares. Carroll Financial Associate Inc invested in 0% or 957 shares. Asset Inc holds 0.06% or 24,466 shares in its portfolio. 25,000 were reported by Global Endowment Mngmt Lp. Millennium Ltd Liability Co owns 13,220 shares. General Amer Invsts holds 179,416 shares. Invesco Ltd holds 0% of its portfolio in Royce Value Trust Inc. (NYSE:RVT) for 26,903 shares. Thomas J Herzfeld Advisors Inc owns 1.06% invested in Royce Value Trust Inc. (NYSE:RVT) for 152,731 shares. Laurion Cap Mgmt Lp invested 0.01% in Royce Value Trust Inc. (NYSE:RVT). M&T Bank owns 16,744 shares.

1607 Capital Partners Llc, which manages about $2.83 billion and $1.76 billion US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 12,700 shares to 41,600 shares, valued at $10.45M in 2017Q3, according to the filing. It also increased its holding in Morgan Stanley China A Sh Fd (CAF) by 191,596 shares in the quarter, for a total of 793,542 shares, and has risen its stake in Ishares Inc (EWG).

Since September 7, 2017, it had 0 insider buys, and 1 sale for $162,046 activity.

Sasco Capital Inc, which manages about $6.25 billion and $2.79B US Long portfolio, upped its stake in Ggp Inc by 458,920 shares to 2.07 million shares, valued at $43.05M in 2017Q3, according to the filing.

Analysts await USG Corporation (NYSE:USG) to report earnings on February, 7. They expect $0.40 earnings per share, down 9.09% or $0.04 from last year’s $0.44 per share. USG’s profit will be $54.57 million for 24.71 P/E if the $0.40 EPS becomes a reality. After $0.47 actual earnings per share reported by USG Corporation for the previous quarter, Wall Street now forecasts -14.89% negative EPS growth.

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