Fort LP Holding in Interpublic Group Cos (IPG) Decreased by $5.59 Million; As Leucadia Natl (LUK) Share Price Declined, Pecaut & Company Boosted by $353,990 Its Position

April 23, 2018 - By Henry Gaston

The Interpublic Group of Companies, Inc. (NYSE:IPG) Logo

Michael Novogratz decreased its stake in Interpublic Group Cos Inc (IPG) by 63.75% based on its latest 2017Q4 regulatory filing with the SEC. Fort Lp sold 279,445 shares as the company’s stock rose 11.57% while stock markets declined. The hedge fund run by Michael Novogratz held 158,867 shares of the technology company at the end of 2017Q4, valued at $3.20M, down from 438,312 at the end of the previous reported quarter. Fort Lp who had been investing in Interpublic Group Cos Inc for a number of months, seems to be less bullish one the $9.29 billion market cap company. The stock increased 0.25% or $0.0601 during the last trading session, reaching $24.0501. About 412,463 shares traded. The Interpublic Group of Companies, Inc. (NYSE:IPG) has declined 5.37% since April 23, 2017 and is downtrending. It has underperformed by 16.92% the S&P500.

Pecaut & Company increased its stake in Leucadia Natl Corp (LUK) by 37.14% based on its latest 2017Q4 regulatory filing with the SEC. Pecaut & Company bought 13,615 shares as the company’s stock declined 15.49% with the market. The institutional investor held 50,270 shares of the meat and poultry and fish company at the end of 2017Q4, valued at $1.33 million, up from 36,655 at the end of the previous reported quarter. Pecaut & Company who had been investing in Leucadia Natl Corp for a number of months, seems to be bullish on the $8.62B market cap company. The stock increased 0.77% or $0.18 during the last trading session, reaching $24.2. About 124,900 shares traded. Leucadia National Corporation (NYSE:LUK) has declined 13.54% since April 23, 2017 and is downtrending. It has underperformed by 25.09% the S&P500.

Pecaut & Company, which manages about $191.04 million and $135.97M US Long portfolio, decreased its stake in Adtalem Global Ed Inc by 19,275 shares to 50,650 shares, valued at $2.13 million in 2017Q4, according to the filing.

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.24, from 0.91 in 2017Q3. It improved, as 26 investors sold LUK shares while 138 reduced holdings. 58 funds opened positions while 130 raised stakes. 261.75 million shares or 0.02% more from 261.70 million shares in 2017Q3 were reported. Nomura Asset Mngmt Limited has 0.01% invested in Leucadia National Corporation (NYSE:LUK) for 48,137 shares. Mraz Amerine And Associate holds 3.63% or 446,524 shares in its portfolio. Capstone Inv Advsrs Lc reported 0.01% of its portfolio in Leucadia National Corporation (NYSE:LUK). First Manhattan holds 0.36% or 2.48M shares in its portfolio. 20,765 were accumulated by Buckingham Asset Mngmt. Moreover, Bb&T Secs Ltd Liability has 0.05% invested in Leucadia National Corporation (NYSE:LUK) for 153,925 shares. Burgundy Asset Mngmt Limited has invested 0.72% in Leucadia National Corporation (NYSE:LUK). Ent reported 139 shares. Manchester Limited Liability Com holds 0.01% of its portfolio in Leucadia National Corporation (NYSE:LUK) for 2,250 shares. Paloma Partners Mgmt Co invested 0% of its portfolio in Leucadia National Corporation (NYSE:LUK). Perigon Wealth Management Ltd Limited Liability Company reported 2,187 shares or 0.02% of all its holdings. Numeric Ltd Llc accumulated 1.29M shares. Endowment Mgmt LP has 9,880 shares for 0.04% of their portfolio. Hsbc Public Limited Liability Company stated it has 0.02% of its portfolio in Leucadia National Corporation (NYSE:LUK). C M Bidwell Associates Limited reported 0.2% stake.

Fort Lp, which manages about $349.60M and $425.22M US Long portfolio, upped its stake in Omnicom Group Inc (NYSE:OMC) by 103,405 shares to 324,954 shares, valued at $23.67M in 2017Q4, according to the filing. It also increased its holding in Groupe Cgi Inc (NYSE:GIB) by 65,375 shares in the quarter, for a total of 463,439 shares, and has risen its stake in Cisco Sys Inc (NASDAQ:CSCO).

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Interpublic Group of Companies had 53 analyst reports since September 7, 2015 according to SRatingsIntel. As per Tuesday, July 25, the company rating was maintained by Pivotal Research. The rating was upgraded by Zacks to “Buy” on Monday, September 7. The rating was maintained by Morgan Stanley on Wednesday, January 31 with “Equal-Weight”. The firm has “Outperform” rating given on Wednesday, October 11 by Credit Suisse. RBC Capital Markets maintained the shares of IPG in report on Monday, August 28 with “Hold” rating. As per Monday, August 28, the company rating was maintained by Jefferies. The firm has “Buy” rating by Wells Fargo given on Monday, July 17. Morgan Stanley maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) rating on Wednesday, July 26. Morgan Stanley has “Equal-Weight” rating and $24 target. FBR Capital upgraded it to “Outperform” rating and $23 target in Friday, September 11 report. The firm earned “Buy” rating on Thursday, July 13 by RBC Capital Markets.

Analysts await The Interpublic Group of Companies, Inc. (NYSE:IPG) to report earnings on April, 27 before the open. They expect $0.04 earnings per share, down 20.00% or $0.01 from last year’s $0.05 per share. IPG’s profit will be $15.45M for 150.31 P/E if the $0.04 EPS becomes a reality. After $0.79 actual earnings per share reported by The Interpublic Group of Companies, Inc. for the previous quarter, Wall Street now forecasts -94.94% negative EPS growth.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.31, from 1.19 in 2017Q3. It worsened, as 75 investors sold IPG shares while 134 reduced holdings. 63 funds opened positions while 121 raised stakes. 377.99 million shares or 1.27% less from 382.86 million shares in 2017Q3 were reported. Farmers Merchants Invests Inc holds 0% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 146 shares. Johnson Finance Group Inc Inc invested 0% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Utah Retirement accumulated 71,945 shares or 0.03% of the stock. Swiss Bancorporation stated it has 1.45M shares. Moreover, Ontario Teachers Pension Plan Board has 0.03% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 125,036 shares. Bb&T reported 174,505 shares. Balyasny Asset Management Llc stated it has 238,262 shares. Echo Street Cap Management Limited Liability stated it has 464,283 shares. Profund Ltd owns 12,938 shares. Lazard Asset Ltd Liability accumulated 105 shares. Michigan-based Asset Mngmt has invested 0.02% in The Interpublic Group of Companies, Inc. (NYSE:IPG). Amp Capital Limited reported 0.01% of its portfolio in The Interpublic Group of Companies, Inc. (NYSE:IPG). 3.27M were accumulated by River Road Asset Mngmt Limited Liability Company. Toronto Dominion State Bank has 0.01% invested in The Interpublic Group of Companies, Inc. (NYSE:IPG) for 181,430 shares. Cibc Ww Mkts owns 94,694 shares.

Leucadia National Corporation (NYSE:LUK) Institutional Positions Chart

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