Evanston Investments Dba Evanston Advisors Lifted Its Position in Kroger Co (KR) as Market Value Declined; As Southern Co (SO) Share Price Rose, Shareholder Great West Life Assurance Company Has Trimmed Holding by $6.01 Million

February 22, 2018 - By Maria Brooks

Evanston Investments Inc Dba Evanston Advisors increased its stake in Kroger Co (KR) by 13.3% based on its latest 2017Q3 regulatory filing with the SEC. Evanston Investments Inc Dba Evanston Advisors bought 33,995 shares as the company’s stock declined 14.05% while stock markets rallied. The institutional investor held 289,607 shares of the food chains company at the end of 2017Q3, valued at $5.81 million, up from 255,612 at the end of the previous reported quarter. Evanston Investments Inc Dba Evanston Advisors who had been investing in Kroger Co for a number of months, seems to be bullish on the $24.16 billion market cap company. The stock decreased 0.29% or $0.08 during the last trading session, reaching $27.41. About 9.85M shares traded. The Kroger Co. (NYSE:KR) has declined 16.08% since February 22, 2017 and is downtrending. It has underperformed by 32.78% the S&P500.

Great West Life Assurance Company decreased its stake in Southern Co (SO) by 7.11% based on its latest 2017Q3 regulatory filing with the SEC. Great West Life Assurance Company sold 125,275 shares as the company’s stock rose 4.35% with the market. The institutional investor held 1.64 million shares of the central company at the end of 2017Q3, valued at $80.10 million, down from 1.76M at the end of the previous reported quarter. Great West Life Assurance Company who had been investing in Southern Co for a number of months, seems to be less bullish one the $43.08B market cap company. The stock decreased 1.27% or $0.55 during the last trading session, reaching $42.92. About 8.58M shares traded or 21.91% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since February 22, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Among 35 analysts covering Kroger (NYSE:KR), 17 have Buy rating, 0 Sell and 18 Hold. Therefore 49% are positive. Kroger had 102 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was initiated by Stifel Nicolaus with “Buy” on Friday, February 12. The rating was maintained by Wells Fargo on Monday, June 12 with “Buy”. The firm has “Outperform” rating given on Monday, September 12 by Telsey Advisory Group. The stock of The Kroger Co. (NYSE:KR) earned “Neutral” rating by Suntrust Robinson on Tuesday, May 3. Deutsche Bank downgraded the shares of KR in report on Monday, September 11 to “Hold” rating. On Wednesday, December 14 the stock rating was upgraded by PiperJaffray to “Neutral”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, June 19. The stock of The Kroger Co. (NYSE:KR) earned “Hold” rating by Jefferies on Friday, June 23. The stock of The Kroger Co. (NYSE:KR) earned “Hold” rating by Stephens on Thursday, October 12. Goldman Sachs reinitiated the shares of KR in report on Tuesday, November 14 with “Neutral” rating.

Since December 19, 2017, it had 0 insider buys, and 5 selling transactions for $2.71 million activity. 40,000 shares were sold by DONNELLY MICHAEL JOSEPH, worth $1.23M on Monday, January 29. Shares for $325,292 were sold by Clark Robert W on Monday, January 22. $446,327 worth of The Kroger Co. (NYSE:KR) was sold by HJELM CHRISTOPHER T on Tuesday, December 19.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.12, from 1 in 2017Q2. It dived, as 94 investors sold KR shares while 232 reduced holdings. 91 funds opened positions while 196 raised stakes. 688.12 million shares or 3.98% more from 661.79 million shares in 2017Q2 were reported. Hudock Cap Gp Limited Liability Corp has 1,046 shares for 0.01% of their portfolio. Manchester Capital Mgmt Ltd Limited Liability Company has invested 0.01% in The Kroger Co. (NYSE:KR). Fincl Bank Of Nova Scotia Trust reported 33,400 shares. First Personal Financial holds 2,000 shares or 0.01% of its portfolio. Cetera Advisors Llc invested in 10,515 shares or 0.01% of the stock. Ftb Advsr Inc holds 0.04% of its portfolio in The Kroger Co. (NYSE:KR) for 20,071 shares. Landscape Mngmt Ltd accumulated 261,269 shares. Nationwide Fund Advsrs invested in 0.08% or 1.06 million shares. Retirement Of Alabama invested 0.11% of its portfolio in The Kroger Co. (NYSE:KR). Usca Ria Limited Liability Company invested in 90,345 shares. Cim Inv Mangement holds 15,429 shares or 0.11% of its portfolio. Wasatch Advisors Inc reported 0.04% in The Kroger Co. (NYSE:KR). Quinn Opportunity Ptnrs Lc holds 94,500 shares. Private Mngmt Gp reported 1.13M shares stake. 15,620 were reported by Greenleaf Tru.

Since October 10, 2017, it had 0 insider buys, and 4 insider sales for $8.29 million activity. The insider BEATTIE ART P sold $2.46M. 85,151 shares valued at $4.26 million were sold by BOWERS WILLIAM P on Tuesday, October 10. Kerr – II James Y also sold $1.30M worth of The Southern Company (NYSE:SO) shares.

Great West Life Assurance Company, which manages about $40.22B US Long portfolio, upped its stake in Kraft Heinz Co by 16,039 shares to 448,835 shares, valued at $34.94 million in 2017Q3, according to the filing. It also increased its holding in 3M Co (NYSE:MMM) by 46,986 shares in the quarter, for a total of 783,200 shares, and has risen its stake in Edison Intl (NYSE:EIX).

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 63 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets with “Hold” on Friday, March 31. The stock has “Sector Perform” rating by Howard Weil on Friday, May 13. On Monday, February 5 the stock rating was maintained by SunTrust with “Hold”. The firm has “Buy” rating given on Friday, March 3 by Jefferies. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report. Argus Research downgraded the shares of SO in report on Friday, March 3 to “Hold” rating. The rating was maintained by SunTrust on Monday, January 22 with “Hold”. The company was maintained on Thursday, July 14 by Goldman Sachs. As per Wednesday, July 19, the company rating was maintained by Jefferies. SunTrust maintained the stock with “Hold” rating in Tuesday, December 26 report.

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