Pivot Point Capital Partners Has Boosted Monro Muffler Brake (MNRO) Stake by $7.45 Million; Orion Engineered Carbons Sa (OEC) Stake Maintained by Putnam Investments Llc

February 15, 2018 - By Richard Conner

James A. Noonan increased its stake in Monro Muffler Brake Inc (MNRO) by 59.53% based on its latest 2017Q3 regulatory filing with the SEC. Pivot Point Capital Partners Llc bought 133,100 shares as the company’s stock declined 12.59% while stock markets rallied. The hedge fund run by James A. Noonan held 356,700 shares of the consumer services company at the end of 2017Q3, valued at $19.99 million, up from 223,600 at the end of the previous reported quarter. Pivot Point Capital Partners Llc who had been investing in Monro Muffler Brake Inc for a number of months, seems to be bullish on the $1.79B market cap company. The stock increased 2.06% or $1.1 during the last trading session, reaching $54.5. About 105,661 shares traded. Monro, Inc. (NASDAQ:MNRO) has declined 18.88% since February 15, 2017 and is downtrending. It has underperformed by 35.58% the S&P500.

Putnam Investments Llc increased its stake in Orion Engineered Carbons Sa (OEC) by 192.73% based on its latest 2017Q3 regulatory filing with the SEC. Putnam Investments Llc bought 233,887 shares as the company’s stock declined 12.47% while stock markets rallied. The institutional investor held 355,240 shares of the major chemicals company at the end of 2017Q3, valued at $7.98M, up from 121,353 at the end of the previous reported quarter. Putnam Investments Llc who had been investing in Orion Engineered Carbons Sa for a number of months, seems to be bullish on the $1.72B market cap company. The stock decreased 0.26% or $0.075 during the last trading session, reaching $28.925. About 182,197 shares traded. Orion Engineered Carbons, S.A. (NYSE:OEC) has risen 24.57% since February 15, 2017 and is uptrending. It has outperformed by 7.87% the S&P500.

Since February 5, 2018, it had 0 insider purchases, and 1 sale for $555,100 activity.

Investors sentiment increased to 1.42 in 2017 Q3. Its up 0.20, from 1.22 in 2017Q2. It is positive, as 25 investors sold MNRO shares while 41 reduced holdings. 31 funds opened positions while 63 raised stakes. 35.68 million shares or 7.15% more from 33.30 million shares in 2017Q2 were reported. American Century has invested 0.01% in Monro, Inc. (NASDAQ:MNRO). California State Teachers Retirement System stated it has 50,781 shares or 0.01% of all its holdings. Gemmer Asset Ltd Llc holds 59 shares. Profund Advsr Limited Liability Corporation, Maryland-based fund reported 5,064 shares. Spectrum Management Group Inc Inc Inc accumulated 6 shares. Gabelli Funds Ltd Com stated it has 22,000 shares. Royal Savings Bank Of Canada accumulated 0.01% or 479,446 shares. Td Asset Mngmt Inc invested in 32,661 shares or 0% of the stock. Wasatch Advisors holds 2.2% of its portfolio in Monro, Inc. (NASDAQ:MNRO) for 2.90 million shares. Us Bancshares De holds 2,118 shares. Summit Creek Advisors Limited Liability Corp stated it has 2.56% of its portfolio in Monro, Inc. (NASDAQ:MNRO). Gamco Investors Et Al reported 0.02% in Monro, Inc. (NASDAQ:MNRO). Invesco Limited has 0% invested in Monro, Inc. (NASDAQ:MNRO). Arlington Value Cap Ltd Liability Com holds 8.73% in Monro, Inc. (NASDAQ:MNRO) or 1.56M shares. Tanaka Management Incorporated has 365 shares.

Among 12 analysts covering Monro Muffler Brake (NASDAQ:MNRO), 4 have Buy rating, 0 Sell and 8 Hold. Therefore 33% are positive. Monro Muffler Brake had 27 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, September 15 by Jefferies. The rating was downgraded by Susquehanna to “Neutral” on Tuesday, June 20. The rating was maintained by Oppenheimer with “Buy” on Tuesday, June 20. The stock of Monro, Inc. (NASDAQ:MNRO) earned “Buy” rating by Stifel Nicolaus on Friday, October 23. As per Wednesday, June 14, the company rating was maintained by Jefferies. The stock of Monro, Inc. (NASDAQ:MNRO) has “Buy” rating given on Wednesday, July 19 by Jefferies. The firm has “Hold” rating by Gabelli given on Tuesday, December 8. On Wednesday, April 6 the stock rating was maintained by Goldman Sachs with “Neutral”. Jefferies maintained Monro, Inc. (NASDAQ:MNRO) on Friday, October 23 with “Buy” rating. The stock of Monro, Inc. (NASDAQ:MNRO) has “Hold” rating given on Tuesday, October 24 by KeyBanc Capital Markets.

Pivot Point Capital Partners Llc, which manages about $245.50M and $125.50M US Long portfolio, decreased its stake in Clean Harbors Inc (NYSE:CLH) by 188,256 shares to 233,328 shares, valued at $13.23M in 2017Q3, according to the filing.

Among 10 analysts covering Orion Engineered Carbons (NYSE:OEC), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Orion Engineered Carbons had 21 analyst reports since August 10, 2015 according to SRatingsIntel. As per Monday, November 6, the company rating was upgraded by JP Morgan. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) has “Neutral” rating given on Friday, October 30 by UBS. KeyBanc Capital Markets maintained the shares of OEC in report on Monday, October 16 with “Buy” rating. The firm has “Hold” rating by J.P. Morgan given on Monday, August 7. On Tuesday, November 7 the stock rating was maintained by Barclays Capital with “Equal-Weight”. Barclays Capital maintained Orion Engineered Carbons, S.A. (NYSE:OEC) on Tuesday, December 29 with “Equal-Weight” rating. The firm earned “Neutral” rating on Monday, August 7 by JP Morgan. As per Friday, November 3, the company rating was maintained by UBS. The stock of Orion Engineered Carbons, S.A. (NYSE:OEC) earned “Neutral” rating by Macquarie Research on Monday, March 7. The rating was maintained by JP Morgan with “Overweight” on Monday, August 15.

Putnam Investments Llc, which manages about $89.35B and $43.31 billion US Long portfolio, decreased its stake in Sba Communications Corp by 4,904 shares to 31,476 shares, valued at $4.53 million in 2017Q3, according to the filing. It also reduced its holding in Liberty Property Trust (NYSE:LPT) by 16,588 shares in the quarter, leaving it with 147,692 shares, and cut its stake in Apache Corp (NYSE:APA).

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