Rice Hall James & Associates Has Lowered Kar Auction Services (KAR) Holding; Msdc Management LP Cut Hrg Group (HRG) Stake

June 19, 2018 - By Maria Brooks

KAR Auction Services, Inc. (NYSE:KAR) Logo

Msdc Management Lp decreased Hrg Group Inc (HRG) stake by 81.43% reported in 2018Q1 SEC filing. Msdc Management Lp sold 832,948 shares as Hrg Group Inc (HRG)’s stock declined 23.38%. The Msdc Management Lp holds 189,930 shares with $3.13 million value, down from 1.02M last quarter. Hrg Group Inc now has $2.59B valuation. The stock decreased 0.47% or $0.06 during the last trading session, reaching $12.78. About 28,630 shares traded. HRG Group, Inc. (NYSE:HRG) has declined 31.30% since June 19, 2017 and is downtrending. It has underperformed by 43.87% the S&P500. Some Historical HRG News: ; 23/04/2018 – SPECTRUM SHAREHOLDER NOTICE: Faruqi & Faruqi, LLP Announces the Investigation of Spectrum Brands Holdings, Inc. (SPB) Over the Proposed Merger of the Company with HRG Group, Inc; 25/04/2018 – Harbinger eDiscovery Launches New Version of Web-Based eDiscovery Platform with a 10-Fold Improvement in Performance; 29/03/2018 – HRG Group Closes Above 200-Day Moving Average: Technicals; 20/04/2018 – HRG Group Closes Below 50-Day Moving Average: Technicals; 29/03/2018 – HRG Group Advances Most in More Than Five Years; 10/04/2018 – Forest City Board Shake-Up Could Be a Harbinger for Other REITs; 04/05/2018 – HRG Group 2Q Rev $766.1M; 22/03/2018 Mozambique’s Fate Could Be Harbinger for Venezuela Bondholders; 02/04/2018 – HRG Group, Inc. Sets Date for 2018 Annual Meeting of Stockholders; 04/05/2018 – HRG GROUP 2Q REV. $766.1M

Rice Hall James & Associates Llc decreased Kar Auction Services Inc. (KAR) stake by 27.57% reported in 2018Q1 SEC filing. Rice Hall James & Associates Llc sold 19,825 shares as Kar Auction Services Inc. (KAR)’s stock rose 2.44%. The Rice Hall James & Associates Llc holds 52,086 shares with $2.82 million value, down from 71,911 last quarter. Kar Auction Services Inc. now has $7.36 billion valuation. The stock decreased 0.94% or $0.52 during the last trading session, reaching $54.55. About 9,979 shares traded. KAR Auction Services, Inc. (NYSE:KAR) has risen 21.91% since June 19, 2017 and is uptrending. It has outperformed by 9.34% the S&P500. Some Historical KAR News: ; 17/05/2018 – Hedge fund Pagoda Asset Management shutting after four years; 20/03/2018 – TradeRev Unveils ‘H’ — Artificial Intelligence to Enhance the Digital Auction Experience; 27/03/2018 – NEWTON RESOURCES LTD – CHENG KAR SHUN RESIGNED AS A NON-EXECUTIVE DIRECTOR AND CHAIRMAN; 08/05/2018 – KAR Auction Sees FY Net $329M-Net $349.7M; 08/05/2018 – KAR AUCTION SEES FY ADJ OPER EPS $2.89 TO $3.04, EST. $2.93; 08/03/2018 ECoinmerce Adds James Sowers, Blair Layton, Swayam Kar, Wei Liu, and Robert Luce to Board of Advisors; 24/04/2018 – KAR Auction Services, Inc. to Announce First Quarter 2018 Earnings; 08/05/2018 – KAR AUCTION 1Q OPER REV. $950.5M, EST. $923.7M; 08/05/2018 – KAR AUCTION SERVICES INC KAR.N FY2018 SHR VIEW $2.97 — THOMSON REUTERS l/B/E/S; 08/05/2018 – KAR AUCTION SERVICES INC – SEES 2018 OPERATING ADJ NET INCOME PER SHARE BETWEEN $2.89 – $3.04

Another recent and important HRG Group, Inc. (NYSE:HRG) news was published by Businesswire.com which published an article titled: “Spectrum Brands and HRG Group Announce July 13, 2018 as the Date for Special Meetings of Stockholders” on June 12, 2018.

Among 13 analysts covering KAR Auction Services (NYSE:KAR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. KAR Auction Services had 32 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, March 1 by Gabelli. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Wednesday, June 14 by Jefferies. The stock of KAR Auction Services, Inc. (NYSE:KAR) has “Buy” rating given on Monday, August 24 by Zacks. The rating was maintained by Robert W. Baird on Tuesday, October 3 with “Buy”. The firm has “Buy” rating by Jefferies given on Monday, January 18. The rating was upgraded by Zacks on Thursday, August 27 to “Hold”. The company was downgraded on Friday, February 12 by Goldman Sachs. The firm has “Buy” rating given on Thursday, October 12 by Jefferies. The company was initiated on Friday, April 7 by Gabelli. Bank of America maintained it with “Buy” rating and $66 target in Friday, March 2 report.

More important recent KAR Auction Services, Inc. (NYSE:KAR) news were published by: Globenewswire.com which released: “OPENLANE Reimagines Upstream” on June 17, 2018, also Globenewswire.com published article titled: “KAR Names New Leader for Autoniq”, Globenewswire.com published: “KAR Auction Services Announces Participation in Upcoming Investor Conference” on May 30, 2018. More interesting news about KAR Auction Services, Inc. (NYSE:KAR) was released by: Globenewswire.com and their article: “ADESA Appoints New General Managers in Chicago and Fresno” with publication date: June 12, 2018.

Investors sentiment decreased to 1.22 in Q1 2018. Its down 0.47, from 1.69 in 2017Q4. It fall, as 26 investors sold KAR shares while 101 reduced holdings. 46 funds opened positions while 109 raised stakes. 129.13 million shares or 1.22% more from 127.57 million shares in 2017Q4 were reported. Moreover, Pitcairn has 0.03% invested in KAR Auction Services, Inc. (NYSE:KAR). Northern Tru Corp holds 0.01% in KAR Auction Services, Inc. (NYSE:KAR) or 809,178 shares. Quantitative Systematic Strategies Ltd Co has 7,774 shares for 0.09% of their portfolio. Paragon Cap Management reported 0.1% in KAR Auction Services, Inc. (NYSE:KAR). Metropolitan Life Ins Ny reported 0% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Parametric Portfolio Assoc Limited Liability Com holds 412,229 shares or 0.02% of its portfolio. Capital Fund Mgmt Sa owns 147,900 shares. State Street holds 1.78M shares or 0.01% of its portfolio. Tcw Grp stated it has 394,519 shares. Natixis reported 0.03% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Brinker Cap invested in 0.01% or 6,672 shares. Nuveen Asset Ltd reported 0.02% in KAR Auction Services, Inc. (NYSE:KAR). Nordea Inv Management Ab has invested 0.01% in KAR Auction Services, Inc. (NYSE:KAR). River Road Asset Limited Liability Com accumulated 1.15M shares. Invesco reported 50,027 shares stake.

KAR Auction Services, Inc. (NYSE:KAR) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>