As Nacco Industries (NC) Share Price Rose, Shareholder Oaktree Capital Management LP Has Cut Holding; Citigroup Has Upped Lincoln Natl Ind (LNC) Holding by $13.40 Million as Shares Declined

December 8, 2017 - By Marguerite Chambers

Howard Marks decreased its stake in Nacco Industries Inc (NC) by 52.68% based on its latest 2017Q2 regulatory filing with the SEC. Oaktree Capital Management Lp sold 51,630 shares as the company’s stock rose 4.35% with the market. The hedge fund run by Howard Marks held 46,370 shares of the consumer durables company at the end of 2017Q2, valued at $3.29 million, down from 98,000 at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Nacco Industries Inc for a number of months, seems to be less bullish one the $276.24M market cap company. The stock decreased 1.47% or $0.6 during the last trading session, reaching $40.35. About 42,894 shares traded. NACCO Industries, Inc. (NYSE:NC) has risen 29.29% since December 8, 2016 and is uptrending. It has outperformed by 12.59% the S&P500.

Citigroup Inc increased its stake in Lincoln Natl Corp Ind (LNC) by 809.74% based on its latest 2017Q2 regulatory filing with the SEC. Citigroup Inc bought 200,007 shares as the company’s stock declined 8.83% while stock markets rallied. The institutional investor held 224,707 shares of the life insurance company at the end of 2017Q2, valued at $15.19M, up from 24,700 at the end of the previous reported quarter. Citigroup Inc who had been investing in Lincoln Natl Corp Ind for a number of months, seems to be bullish on the $16.98B market cap company. The stock increased 1.42% or $1.09 during the last trading session, reaching $77.59. About 1.23 million shares traded or 5.62% up from the average. Lincoln National Corporation (NYSE:LNC) has risen 47.27% since December 8, 2016 and is uptrending. It has outperformed by 30.57% the S&P500.

Another recent and important Lincoln National Corporation (NYSE:LNC) news was published by Businesswire.com which published an article titled: “The Average American Expects to Spend More Than $1000 This Holiday Season, and …” on December 07, 2017.

Among 14 analysts covering Lincoln National (NYSE:LNC), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. Lincoln National had 45 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 9. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Overweight”. The company was upgraded on Tuesday, September 29 by Piper Jaffray. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, August 15. The firm has “Outperform” rating given on Friday, February 3 by RBC Capital Markets. The company was maintained on Monday, November 28 by FBR Capital. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, April 14 report. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Wednesday, December 14 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Thursday, February 4. The company was initiated on Friday, September 23 by Wells Fargo.

Investors sentiment increased to 0.92 in Q2 2017. Its up 0.12, from 0.8 in 2017Q1. It improved, as 43 investors sold LNC shares while 218 reduced holdings. 71 funds opened positions while 168 raised stakes. 172.72 million shares or 1.79% less from 175.88 million shares in 2017Q1 were reported. Millennium Mgmt Limited Liability Corporation holds 0.05% of its portfolio in Lincoln National Corporation (NYSE:LNC) for 430,646 shares. Oklahoma-based Capital Advsrs Incorporated Ok has invested 0.03% in Lincoln National Corporation (NYSE:LNC). Rr Prtnrs L P, a New York-based fund reported 2.72M shares. 95,417 are owned by Sector Pension Investment Board. State Of New Jersey Common Pension Fund D holds 1.18M shares. Hillsdale Investment Mgmt, Ontario – Canada-based fund reported 850 shares. Kbc Grp Nv invested in 243,531 shares. Hl Service Ltd Liability Com holds 0.01% or 5,527 shares. Rnc Cap Lc holds 64,570 shares. Lsv Asset Mngmt stated it has 0.62% in Lincoln National Corporation (NYSE:LNC). Ngam LP invested in 0.08% or 108,795 shares. Zwj Counsel stated it has 0.04% in Lincoln National Corporation (NYSE:LNC). Ls Inv Advsrs Limited Liability Company has invested 0.04% in Lincoln National Corporation (NYSE:LNC). Advisors Asset Mngmt owns 497 shares for 0% of their portfolio. Georgia-based Voya Mngmt Ltd has invested 0.04% in Lincoln National Corporation (NYSE:LNC).

Citigroup Inc, which manages about $110.89B US Long portfolio, decreased its stake in Ingersoll (NYSE:IR) by 14,700 shares to 16,900 shares, valued at $1.54 million in 2017Q2, according to the filing. It also reduced its holding in Cenovus Energy Inc (NYSE:CVE) by 70,398 shares in the quarter, leaving it with 123,474 shares, and cut its stake in Sprint Corp (Call) (NYSE:S).

More notable recent NACCO Industries, Inc. (NYSE:NC) news were published by: Crainscleveland.com which released: “NACCO Industries to spin off Hamilton Beach small appliances unit” on August 21, 2017, also Prnewswire.com with their article: “NACCO Industries, Inc. And Hamilton Beach Brands Holding Company Announce …” published on September 29, 2017, Seekingalpha.com published: “NACCO Industries declares Hamilton Beach Brands Holding stock dividend” on September 18, 2017. More interesting news about NACCO Industries, Inc. (NYSE:NC) were released by: Marketwatch.com and their article: “NACCO Industries Inc. Cl A” published on December 21, 2009 as well as Prnewswire.com‘s news article titled: “NACCO Industries, Inc. Announces Completion Of Spin-off” with publication date: October 02, 2017.

Oaktree Capital Management Lp, which manages about $6.12 billion US Long portfolio, upped its stake in Ionis Pharmaceuticals Inc (Prn) by 9.51 million shares to 22.86 million shares, valued at $24.50M in 2017Q2, according to the filing. It also increased its holding in Rti International Metals Inc (Prn) by 4.89 million shares in the quarter, for a total of 22.39M shares, and has risen its stake in Live Nation Entertainment Inc (Prn).

Investors sentiment decreased to 0.95 in 2017 Q2. Its down 0.34, from 1.29 in 2017Q1. It worsened, as 10 investors sold NC shares while 28 reduced holdings. 10 funds opened positions while 26 raised stakes. 3.58 million shares or 1.57% more from 3.52 million shares in 2017Q1 were reported. 26 were reported by Creative Planning. Connor Clark & Lunn Mngmt invested in 0% or 6,900 shares. Martingale Asset Mngmt Ltd Partnership has 30,903 shares for 0.03% of their portfolio. 22,707 were reported by Lsv Asset. Bessemer Grp Inc holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 9,000 shares. New York State Common Retirement Fund holds 4,900 shares. 10 are held by Meeder Asset Management Incorporated. Deutsche State Bank Ag has 18,161 shares. Bnp Paribas Arbitrage reported 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC). Panagora Asset owns 14,202 shares. Alliancebernstein LP accumulated 0% or 24,930 shares. Bowling Portfolio Management Lc reported 0.17% stake. 7,119 were accumulated by Nationwide Fund Advisors. Cornerstone Management Limited Liability Company has invested 0.01% in NACCO Industries, Inc. (NYSE:NC). Employees Retirement Of Ohio holds 0% of its portfolio in NACCO Industries, Inc. (NYSE:NC) for 5,562 shares.

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