Northcoast Asset Management Has Upped Its Essent Group LTD (ESNT) Position; Hni (HNI) Sellers Increased By 12.05% Their Shorts

November 14, 2017 - By Dolores Ford

Northcoast Asset Management Llc increased Essent Group Ltd (ESNT) stake by 38.19% reported in 2017Q2 SEC filing. Northcoast Asset Management Llc acquired 24,456 shares as Essent Group Ltd (ESNT)’s stock

rose 0.42%. The Northcoast Asset Management Llc holds 88,495 shares with $3.29 million value, up from 64,039 last quarter. Essent Group Ltd now has $4.20 billion valuation. The stock declined 0.61% or $0.26 reaching $42.68 on the news. About 418,196 shares traded. Essent Group Ltd (NYSE:ESNT) has risen 81.69% since November 14, 2016 and is uptrending. It has outperformed by 64.99% the S&P500.

Hni Corporation (NYSE:HNI) had an increase of 12.05% in short interest. HNI’s SI was 1.61M shares in November as released by FINRA. Its up 12.05% from 1.44M shares previously. With 375,100 avg volume, 4 days are for Hni Corporation (NYSE:HNI)’s short sellers to cover HNI’s short positions. The SI to Hni Corporation’s float is 3.71%. About 61,277 shares traded. HNI Corp (NYSE:HNI) has risen 0.38% since November 14, 2016 and is uptrending. It has underperformed by 16.32% the S&P500.

Since June 1, 2017, it had 0 insider buys, and 1 insider sale for $518,200 activity. ASKREN STANLEY A had sold 11,264 shares worth $518,200.

Among 3 analysts covering HNI (NYSE:HNI), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. HNI had 5 analyst reports since September 20, 2016 according to SRatingsIntel. As per Friday, November 4, the company rating was initiated by Seaport Global. The rating was upgraded by Raymond James on Wednesday, August 23 to “Buy”. On Tuesday, September 20 the stock rating was downgraded by Raymond James to “Mkt Perform”. Raymond James downgraded the stock to “Hold” rating in Tuesday, October 24 report. On Saturday, January 7 the stock rating was initiated by Sidoti with “Neutral”.

HNI Corporation is a provider of office furniture and hearth products. The company has market cap of $1.45 billion. The Company’s office furniture products include panel and freestanding furniture systems, seating, storage and tables. It has a 22.39 P/E ratio. The Company’s divisions include office furniture and hearth products.

Investors sentiment decreased to 1.1 in 2017 Q2. Its down 0.26, from 1.36 in 2017Q1. It is negative, as 22 investors sold HNI Corp shares while 45 reduced holdings. 16 funds opened positions while 58 raised stakes. 30.25 million shares or 1.40% less from 30.68 million shares in 2017Q1 were reported. Jpmorgan Chase And holds 49,780 shares or 0% of its portfolio. Alliancebernstein Limited Partnership reported 0% stake. Texas Permanent School Fund holds 0.02% or 32,193 shares in its portfolio. Parametric Assocs Ltd holds 0.01% or 110,910 shares. Thrivent Financial For Lutherans holds 0% or 8,910 shares in its portfolio. 23,836 are held by Federated Invsts Pa. Axa reported 6,200 shares stake. Hsbc Hldgs Public Ltd Co stated it has 0% of its portfolio in HNI Corp (NYSE:HNI). Aperio Gp Llc has invested 0% in HNI Corp (NYSE:HNI). First Quadrant Limited Partnership Ca has 0% invested in HNI Corp (NYSE:HNI) for 643 shares. Ahl Ptnrs Llp accumulated 127,090 shares. 16,233 were reported by Oregon Employees Retirement Fund. Dimensional Fund Advsrs Lp holds 0.02% or 1.08M shares. Renaissance Ltd Liability Co owns 0.01% invested in HNI Corp (NYSE:HNI) for 152,400 shares. Riverhead Capital Mngmt Lc accumulated 2,528 shares.

Among 9 analysts covering Essent Group (NYSE:ESNT), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Essent Group had 34 analyst reports since August 12, 2015 according to SRatingsIntel. On Friday, April 21 the stock rating was downgraded by JP Morgan to “Neutral”. The stock of Essent Group Ltd (NYSE:ESNT) earned “Overweight” rating by Barclays Capital on Monday, May 8. The firm earned “Buy” rating on Thursday, November 9 by Keefe Bruyette & Woods. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 5 report. The stock of Essent Group Ltd (NYSE:ESNT) has “Buy” rating given on Tuesday, August 8 by Deutsche Bank. The firm earned “Neutral” rating on Monday, May 2 by Credit Suisse. The stock of Essent Group Ltd (NYSE:ESNT) has “Overweight” rating given on Friday, November 10 by Barclays Capital. As per Monday, May 29, the company rating was maintained by Keefe Bruyette & Woods. The stock of Essent Group Ltd (NYSE:ESNT) has “Buy” rating given on Wednesday, October 25 by Deutsche Bank. On Wednesday, August 23 the stock rating was upgraded by Keefe Bruyette & Woods to “Buy”.

Northcoast Asset Management Llc decreased Citrix Systems Inc (NASDAQ:CTXS) stake by 18,318 shares to 149,999 valued at $11.94 million in 2017Q2. It also reduced Orange Adr Each Repr1 Ord Eur4 (NYSE:ORAN) stake by 30,485 shares and now owns 74,576 shares. Etrade Financial Corporation (NASDAQ:ETFC) was reduced too.

Investors sentiment increased to 1.36 in Q2 2017. Its up 0.10, from 1.26 in 2017Q1. It improved, as 18 investors sold ESNT shares while 65 reduced holdings. 32 funds opened positions while 81 raised stakes. 79.27 million shares or 1.31% more from 78.24 million shares in 2017Q1 were reported. Aqr Management Limited Liability holds 0.01% or 113,124 shares in its portfolio. New York-based Tiaa Cref Inv Mgmt Lc has invested 0.01% in Essent Group Ltd (NYSE:ESNT). New Vernon Inv Mgmt Ltd Liability holds 57,605 shares or 2.7% of its portfolio. Raymond James Financial Inc has 0.02% invested in Essent Group Ltd (NYSE:ESNT). Royal Bancorporation Of Canada stated it has 0% of its portfolio in Essent Group Ltd (NYSE:ESNT). Sheets Smith Wealth Mngmt invested in 0.27% or 27,761 shares. Nicholas Inv Ltd Partnership stated it has 0.11% of its portfolio in Essent Group Ltd (NYSE:ESNT). Piedmont Inv Ltd Liability Company owns 24,404 shares or 0.02% of their US portfolio. Lord Abbett & Limited invested in 1.20 million shares. Moreover, Northcoast Asset Mngmt Lc has 0.38% invested in Essent Group Ltd (NYSE:ESNT) for 88,495 shares. Northern holds 0.01% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 982,398 shares. 5,500 were accumulated by Paloma Mgmt Communication. Principal Fincl Group Inc owns 15,609 shares. Ubs Asset Management Americas holds 0% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 332,447 shares. First Mercantile Trust Com holds 0.09% of its portfolio in Essent Group Ltd (NYSE:ESNT) for 13,430 shares.

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