As Old Rep Intl (ORI) Share Value Rose, Knightsbridge Asset Management Upped by $346,038 Its Position; Moon Capital Management LP Holds Stake in Tenneco (TEN)

April 16, 2018 - By Darrin Black

Tenneco Inc. (NYSE:TEN) Logo

John W. Moon increased its stake in Tenneco Inc (TEN) by 16.04% based on its latest 2017Q4 regulatory filing with the SEC. Moon Capital Management Lp bought 19,828 shares as the company’s stock declined 9.20% with the market. The hedge fund run by John W. Moon held 143,481 shares of the o.e.m. company at the end of 2017Q4, valued at $8.40M, up from 123,653 at the end of the previous reported quarter. Moon Capital Management Lp who had been investing in Tenneco Inc for a number of months, seems to be bullish on the $2.71 billion market cap company. The stock increased 1.84% or $0.95 during the last trading session, reaching $52.63. About 171,308 shares traded. Tenneco Inc. (NYSE:TEN) has declined 15.35% since April 16, 2017 and is downtrending. It has underperformed by 26.90% the S&P500.

Knightsbridge Asset Management Llc increased its stake in Old Rep Intl Corp (ORI) by 4.11% based on its latest 2017Q4 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 16,478 shares as the company’s stock rose 5.11% while stock markets declined. The institutional investor held 417,665 shares of the property-casualty insurers company at the end of 2017Q4, valued at $8.93 million, up from 401,187 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Old Rep Intl Corp for a number of months, seems to be bullish on the $6.47 billion market cap company. The stock increased 1.63% or $0.35 during the last trading session, reaching $21.81. About 359,729 shares traded. Old Republic International Corporation (NYSE:ORI) has risen 11.06% since April 16, 2017 and is uptrending. It has underperformed by 0.49% the S&P500.

Among 11 analysts covering Tenneco Inc (NYSE:TEN), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Tenneco Inc had 47 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, August 12 by Goldman Sachs. The stock of Tenneco Inc. (NYSE:TEN) has “Hold” rating given on Monday, July 3 by RBC Capital Markets. RBC Capital Markets downgraded it to “Sector Perform” rating and $55 target in Tuesday, December 15 report. Jefferies maintained the stock with “Hold” rating in Monday, September 11 report. The stock has “Hold” rating by Jefferies on Thursday, July 6. The firm has “Hold” rating by RBC Capital Markets given on Tuesday, December 19. The firm has “Overweight” rating by Barclays Capital given on Thursday, January 12. As per Wednesday, April 26, the company rating was maintained by Jefferies. RBC Capital Markets maintained Tenneco Inc. (NYSE:TEN) on Tuesday, May 2 with “Sector Perform” rating. The stock of Tenneco Inc. (NYSE:TEN) earned “Neutral” rating by Goldman Sachs on Friday, April 13.

Since December 13, 2017, it had 0 insider buys, and 1 sale for $320,629 activity.

Investors sentiment decreased to 0.95 in 2017 Q4. Its down 0.04, from 0.99 in 2017Q3. It turned negative, as 24 investors sold TEN shares while 93 reduced holdings. 26 funds opened positions while 85 raised stakes. 46.48 million shares or 2.80% less from 47.82 million shares in 2017Q3 were reported. Regions reported 10 shares. Telemus Capital Limited Liability stated it has 0.02% in Tenneco Inc. (NYSE:TEN). California Public Employees Retirement Systems owns 182,035 shares. Thrivent Fin For Lutherans reported 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Walleye Trading Limited Liability Co stated it has 0% of its portfolio in Tenneco Inc. (NYSE:TEN). 1,100 were reported by Fuller And Thaler Asset Inc. Victory Management reported 0% stake. Raymond James And Assocs reported 63,410 shares. Teachers Retirement Systems Of The State Of Kentucky owns 29,297 shares. Buckhead Capital Mngmt Lc owns 100,000 shares. Estabrook has invested 0% of its portfolio in Tenneco Inc. (NYSE:TEN). Gofen & Glossberg Limited Company Il holds 7,185 shares or 0.02% of its portfolio. Public Employees Retirement Association Of Colorado owns 8,744 shares or 0% of their US portfolio. Numeric invested in 0.05% or 127,900 shares. James Research, a Ohio-based fund reported 65,038 shares.

Among 2 analysts covering Old Republic Intl (NYSE:ORI), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Old Republic Intl had 2 analyst reports since October 30, 2017 according to SRatingsIntel. JMP Securities upgraded Old Republic International Corporation (NYSE:ORI) on Monday, February 12 to “Outperform” rating. The firm has “Strong Buy” rating by Raymond James given on Monday, October 30.

Since February 15, 2018, it had 2 insider buys, and 0 insider sales for $103,759 activity. REED GLENN W bought $102,150 worth of stock.

Old Republic International Corporation (NYSE:ORI) Institutional Positions Chart

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