Owens Ill (OI) Position Increased by Springowl Associates Llc; Independence Rlty Tr (IRT) Market Value Declined While Orinda Asset Management Trimmed Position by $1.68 Million

January 14, 2018 - By Louis Casey

Andrew Wallach increased its stake in Owens Ill Inc (OI) by 45.09% based on its latest 2017Q3 regulatory filing with the SEC. Springowl Associates Llc bought 15,000 shares as the company’s stock rose 11.55% with the market. The hedge fund run by Andrew Wallach held 48,268 shares of the consumer durables company at the end of 2017Q3, valued at $1.21M, up from 33,268 at the end of the previous reported quarter. Springowl Associates Llc who had been investing in Owens Ill Inc for a number of months, seems to be bullish on the $3.66 billion market cap company. The stock increased 0.76% or $0.17 during the last trading session, reaching $22.44. About 1.45 million shares traded or 10.50% up from the average. Owens-Illinois, Inc. (NYSE:OI) has risen 20.39% since January 14, 2017 and is uptrending. It has outperformed by 3.69% the S&P500.

Orinda Asset Management Llc decreased its stake in Independence Rlty Tr Inc (IRT) by 20.82% based on its latest 2017Q3 regulatory filing with the SEC. Orinda Asset Management Llc sold 168,489 shares as the company’s stock declined 1.51% while stock markets rallied. The institutional investor held 640,912 shares of the consumer services company at the end of 2017Q3, valued at $6.52 million, down from 809,401 at the end of the previous reported quarter. Orinda Asset Management Llc who had been investing in Independence Rlty Tr Inc for a number of months, seems to be less bullish one the $819.46M market cap company. The stock decreased 1.96% or $0.19 during the last trading session, reaching $9.5. About 750,498 shares traded or 30.35% up from the average. Independence Realty Trust, Inc. (NYSEMKT:IRT) has risen 20.69% since January 14, 2017 and is uptrending. It has outperformed by 3.99% the S&P500.

Among 3 analysts covering Independence Realty Trust (NYSEMKT:IRT), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Independence Realty Trust had 4 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Monday, November 2 by Compass Point. Deutsche Bank reinitiated Independence Realty Trust, Inc. (NYSE:IRT) on Monday, September 28 with “Hold” rating. The firm earned “Buy” rating on Thursday, July 30 by Wunderlich.

Orinda Asset Management Llc, which manages about $286.18M and $109.07 million US Long portfolio, upped its stake in Starwood Ppty Tr Inc (NYSE:STWD) by 30,000 shares to 100,134 shares, valued at $2.18M in 2017Q3, according to the filing. It also increased its holding in Cbl & Assoc Pptys Inc (NYSE:CBL) by 366,378 shares in the quarter, for a total of 553,078 shares, and has risen its stake in Landmark Infrastructure Lp.

Analysts await Independence Realty Trust, Inc. (NYSE:IRT) to report earnings on February, 15. They expect $0.18 earnings per share, up 5.88% or $0.01 from last year’s $0.17 per share. IRT’s profit will be $15.53 million for 13.19 P/E if the $0.18 EPS becomes a reality. After $0.19 actual earnings per share reported by Independence Realty Trust, Inc. for the previous quarter, Wall Street now forecasts -5.26% negative EPS growth.

Investors sentiment increased to 3.31 in Q3 2017. Its up 0.73, from 2.58 in 2017Q2. It is positive, as 12 investors sold IRT shares while 20 reduced holdings. 29 funds opened positions while 77 raised stakes. 128.56 million shares or 158.42% more from 49.75 million shares in 2017Q2 were reported. Nomura Asset Management Ltd stated it has 49,100 shares or 0.01% of all its holdings. Legal And General Public Limited Liability reported 146,192 shares. Northern has 1.24 million shares. National Bank Of Mellon holds 0% in Independence Realty Trust, Inc. (NYSE:IRT) or 1.31M shares. Sheets Smith Wealth Management has invested 0.28% of its portfolio in Independence Realty Trust, Inc. (NYSE:IRT). Ny State Teachers Retirement Systems invested in 34,584 shares. 61,267 are held by Bb&T Securities Limited Liability Corp. State Common Retirement Fund holds 0% or 141,917 shares in its portfolio. Knott David M reported 16,700 shares or 0.07% of all its holdings. Credit Agricole S A reported 0% of its portfolio in Independence Realty Trust, Inc. (NYSE:IRT). New Jersey-based State Of New Jersey Common Pension Fund D has invested 0.04% in Independence Realty Trust, Inc. (NYSE:IRT). Private Advisor Gru Llc reported 0.01% stake. Ruggie Grp Incorporated holds 0.02% in Independence Realty Trust, Inc. (NYSE:IRT) or 3,071 shares. Aqr Cap Mgmt Limited Com holds 0% of its portfolio in Independence Realty Trust, Inc. (NYSE:IRT) for 13,418 shares. Bard Assocs owns 189,725 shares for 0.9% of their portfolio.

Since September 1, 2017, it had 0 buys, and 2 sales for $169,168 activity. Galindo Sergio B.O. sold $136,568 worth of stock.

Springowl Associates Llc, which manages about $281.30M and $150.90M US Long portfolio, decreased its stake in Hain Celestial Group Inc (NASDAQ:HAIN) by 15,500 shares to 19,500 shares, valued at $802,000 in 2017Q3, according to the filing.

Among 14 analysts covering Owens-Illinois Inc (NYSE:OI), 3 have Buy rating, 1 Sell and 10 Hold. Therefore 21% are positive. Owens-Illinois Inc had 44 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Owens-Illinois, Inc. (NYSE:OI) has “Hold” rating given on Tuesday, November 22 by Deutsche Bank. On Monday, April 24 the stock rating was maintained by BMO Capital Markets with “Hold”. The rating was initiated by UBS on Tuesday, September 5 with “Hold”. As per Friday, May 26, the company rating was maintained by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Tuesday, September 5 with “Hold”. The firm earned “Hold” rating on Tuesday, October 24 by UBS. BMO Capital Markets maintained the stock with “Hold” rating in Friday, September 29 report. Jefferies maintained Owens-Illinois, Inc. (NYSE:OI) rating on Thursday, June 15. Jefferies has “Hold” rating and $2000 target. The stock of Owens-Illinois, Inc. (NYSE:OI) has “Hold” rating given on Monday, July 3 by RBC Capital Markets. TheStreet downgraded the stock to “Hold” rating in Friday, July 31 report.

Investors sentiment increased to 1.56 in 2017 Q3. Its up 0.38, from 1.18 in 2017Q2. It improved, as 15 investors sold OI shares while 85 reduced holdings. 44 funds opened positions while 112 raised stakes. 149.96 million shares or 1.10% less from 151.63 million shares in 2017Q2 were reported. 492,276 were accumulated by Arrowmark Colorado Holding. Metropolitan Life New York holds 0.03% or 158,988 shares in its portfolio. Arizona State Retirement Systems invested in 0.03% or 92,304 shares. Moreover, Principal Group has 0.04% invested in Owens-Illinois, Inc. (NYSE:OI). Gsa Capital Prns Limited Liability Partnership stated it has 0.03% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Eii holds 1.05% or 111,531 shares in its portfolio. Oarsman has invested 2.54% in Owens-Illinois, Inc. (NYSE:OI). 14,340 were accumulated by Sawgrass Asset Mgmt Limited Liability Corporation. Nordea Investment Mgmt Ab holds 270,800 shares or 0.02% of its portfolio. Advisors Preferred Limited Company holds 1,178 shares or 0.02% of its portfolio. Virginia Retirement Et Al accumulated 14,300 shares. Cortina Asset invested in 350,966 shares or 0.36% of the stock. Bowling Portfolio Management Limited Liability reported 0.51% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Dupont Cap Mngmt has 174,000 shares for 0.1% of their portfolio. Private Mgmt invested in 1.97M shares or 2.62% of the stock.

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