Pacific Ridge Capital Partners Has Lifted Its Midwestone Financial Group (MOFG) Holding by $305,250 as Stock Declined; Mountain Lake Investment Management Has Decreased Its Holding in Owens Ill (OI) as Valuation Rose

January 14, 2018 - By Kurt Siggers

Pacific Ridge Capital Partners Llc increased its stake in Midwestone Financial Group (MOFG) by 27.62% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Ridge Capital Partners Llc bought 9,250 shares as the company’s stock declined 5.68% while stock markets rallied. The institutional investor held 42,740 shares of the finance company at the end of 2017Q3, valued at $1.44M, up from 33,490 at the end of the previous reported quarter. Pacific Ridge Capital Partners Llc who had been investing in Midwestone Financial Group for a number of months, seems to be bullish on the $424.61 million market cap company. The stock increased 1.37% or $0.47 during the last trading session, reaching $34.75. About 53,369 shares traded or 67.82% up from the average. MidWestOne Financial Group, Inc. (NASDAQ:MOFG) has risen 22.57% since January 14, 2017 and is uptrending. It has outperformed by 5.87% the S&P500.

Mitch Cantor decreased its stake in Owens Ill Inc (OI) by 40.36% based on its latest 2017Q3 regulatory filing with the SEC. Mountain Lake Investment Management Llc sold 169,200 shares as the company’s stock rose 11.55% with the market. The hedge fund run by Mitch Cantor held 250,000 shares of the consumer durables company at the end of 2017Q3, valued at $6.29M, down from 419,200 at the end of the previous reported quarter. Mountain Lake Investment Management Llc who had been investing in Owens Ill Inc for a number of months, seems to be less bullish one 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.

Mountain Lake Investment Management Llc, which manages about $324.00 million and $298.84 million US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (Put) by 75,000 shares to 300,000 shares, valued at $75.37 million in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (Put) by 100,000 shares in the quarter, for a total of 250,000 shares, and has risen its stake in Hertz Global Hldgs Inc.

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 Monday, October 30 by KeyBanc Capital Markets. RBC Capital Markets maintained the stock with “Hold” rating in Monday, October 9 report. UBS maintained Owens-Illinois, Inc. (NYSE:OI) rating on Tuesday, October 24. UBS has “Hold” rating and $27.0 target. Jefferies maintained Owens-Illinois, Inc. (NYSE:OI) rating on Friday, July 14. Jefferies has “Hold” rating and $2600 target. UBS initiated it with “Hold” rating and $26.0 target in Tuesday, September 5 report. The firm earned “Sector Perform” rating on Friday, September 30 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Tuesday, May 30. The firm has “Hold” rating by TheStreet given on Friday, July 31. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, October 17. The firm earned “Hold” rating on Monday, July 3 by RBC Capital Markets.

Since September 1, 2017, it had 0 insider purchases, and 2 sales for $169,168 activity. Currarino Moyano Giancarlo sold 1,360 shares worth $32,600.

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. Sigma Planning has invested 0.04% of its portfolio in Owens-Illinois, Inc. (NYSE:OI). Glenmede Na invested in 0% or 2,403 shares. Golub Grp Ltd Liability Corporation accumulated 1.37M shares or 3.19% of the stock. Private Advisor Grp Inc Ltd, New Jersey-based fund reported 8,375 shares. Meeder Asset Inc invested in 4,622 shares. 900 are held by Gru One Trading Lp. 16,984 are owned by Suntrust Banks. Great West Life Assurance Can has 0.5% invested in Owens-Illinois, Inc. (NYSE:OI) for 8.00 million shares. Highland Cap has invested 0.03% in Owens-Illinois, Inc. (NYSE:OI). Crestpoint stated it has 18,500 shares or 0.21% of all its holdings. Wilen Investment Mgmt stated it has 0.28% in Owens-Illinois, Inc. (NYSE:OI). Moors And Cabot Inc has invested 0.11% in Owens-Illinois, Inc. (NYSE:OI). South Dakota Council has 0.1% invested in Owens-Illinois, Inc. (NYSE:OI). Clarivest Asset Mngmt Ltd Liability has invested 0.68% in Owens-Illinois, Inc. (NYSE:OI). Invesco Ltd reported 350,107 shares or 0% of all its holdings.

Analysts await Owens-Illinois, Inc. (NYSE:OI) to report earnings on February, 7. They expect $0.54 earnings per share, up 8.00% or $0.04 from last year’s $0.5 per share. OI’s profit will be $88.03 million for 10.39 P/E if the $0.54 EPS becomes a reality. After $0.77 actual earnings per share reported by Owens-Illinois, Inc. for the previous quarter, Wall Street now forecasts -29.87% negative EPS growth.

Since August 22, 2017, it had 0 buys, and 2 selling transactions for $64,463 activity.

Among 3 analysts covering MidWestOne Financial Group (NASDAQ:MOFG), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. MidWestOne Financial Group had 7 analyst reports since April 6, 2017 according to SRatingsIntel. Keefe Bruyette & Woods maintained MidWestOne Financial Group, Inc. (NASDAQ:MOFG) rating on Tuesday, August 8. Keefe Bruyette & Woods has “Buy” rating and $4000 target. Keefe Bruyette & Woods maintained the shares of MOFG in report on Friday, December 22 with “Buy” rating. The firm earned “Hold” rating on Tuesday, December 19 by Piper Jaffray. As per Thursday, July 27, the company rating was maintained by Piper Jaffray. The firm has “Buy” rating given on Thursday, June 22 by Keefe Bruyette & Woods. The company was maintained on Thursday, October 26 by Piper Jaffray.

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