Old Natl Bancorp Ind (ONB) Shares Declined While Fj Capital Management Trimmed Its Holding; As Sealed Air New (SEE) Share Value Declined, Shareholder Levin Capital Strategies LP Has Decreased Its Holding

May 16, 2018 - By Vivian Park

Old National Bancorp (NASDAQ:ONB) Logo

Fj Capital Management Llc decreased its stake in Old Natl Bancorp Ind (ONB) by 63.73% based on its latest 2017Q4 regulatory filing with the SEC. Fj Capital Management Llc sold 789,000 shares as the company’s stock declined 5.88% with the market. The hedge fund held 449,000 shares of the major banks company at the end of 2017Q4, valued at $7.83M, down from 1.24 million at the end of the previous reported quarter. Fj Capital Management Llc who had been investing in Old Natl Bancorp Ind for a number of months, seems to be less bullish one the $2.68B market cap company. The stock decreased 0.14% or $0.025 during the last trading session, reaching $17.625. About 133,339 shares traded. Old National Bancorp (NASDAQ:ONB) has risen 1.20% since May 16, 2017 and is uptrending. It has underperformed by 10.35% the S&P500.

John A. Levin decreased its stake in Sealed Air Corp New (SEE) by 89.19% based on its latest 2017Q4 regulatory filing with the SEC. Levin Capital Strategies Lp sold 57,875 shares as the company’s stock declined 14.10% with the market. The hedge fund run by John A. Levin held 7,013 shares of the major chemicals company at the end of 2017Q4, valued at $346,000, down from 64,888 at the end of the previous reported quarter. Levin Capital Strategies Lp who had been investing in Sealed Air Corp New for a number of months, seems to be less bullish one the $7.02 billion market cap company. The stock increased 0.21% or $0.09 during the last trading session, reaching $43.53. About 494,069 shares traded. Sealed Air Corporation (NYSE:SEE) has declined 3.17% since May 16, 2017 and is downtrending. It has underperformed by 14.72% the S&P500.

Fj Capital Management Llc, which manages about $217.40 million and $798.45M US Long portfolio, upped its stake in National Bk Hldgs Corp (NYSE:NBHC) by 43,400 shares to 674,400 shares, valued at $21.87 million in 2017Q4, according to the filing. It also increased its holding in Evans Bancorp Inc (NYSEMKT:EVBN) by 20,900 shares in the quarter, for a total of 168,900 shares, and has risen its stake in Guaranty Bancshares Inc Tex (GNTY).

Investors sentiment decreased to 1.11 in Q4 2017. Its down 0.02, from 1.13 in 2017Q3. It dropped, as 11 investors sold ONB shares while 73 reduced holdings. 28 funds opened positions while 65 raised stakes. 97.37 million shares or 0.01% less from 97.38 million shares in 2017Q3 were reported. Price T Rowe Associates Md has invested 0% in Old National Bancorp (NASDAQ:ONB). Deutsche National Bank Ag has invested 0% in Old National Bancorp (NASDAQ:ONB). Comerica National Bank holds 239,484 shares or 0.03% of its portfolio. Putnam Invests Ltd Liability Corp accumulated 0.02% or 430,440 shares. Deprince Race And Zollo, Florida-based fund reported 1.27M shares. Stratos Wealth Prtnrs invested 0% in Old National Bancorp (NASDAQ:ONB). Credit Suisse Ag reported 84,289 shares stake. 1.21M were accumulated by Foundry Prtnrs Limited. Strs Ohio owns 5,700 shares for 0% of their portfolio. 52,648 are owned by Retail Bank Of Montreal Can. Advisory Services Ltd Co owns 475 shares. Meeder Asset Mgmt reported 7,324 shares. Ls Advsrs Limited Com invested in 3,997 shares. Lsv Asset Mgmt reported 0.05% stake. Amalgamated Bankshares reported 0.01% stake.

More recent Old National Bancorp (NASDAQ:ONB) news were published by: Nasdaq.com which released: “Old National elects Chief Administrative Officer of Indiana University Health Ryan Kitchell and Berry Global Chairman …” on May 01, 2018. Also Globenewswire.com published the news titled: “Old National Bank Partners with Allpoint to Extend ATM Network” on May 08, 2018. Nasdaq.com‘s news article titled: “Old National reports record 1st quarter net income of $48.0 million, a 33% increase from a year ago” with publication date: April 23, 2018 was also an interesting one.

Since April 27, 2018, it had 0 insider buys, and 1 insider sale for $855,359 activity.

Analysts await Old National Bancorp (NASDAQ:ONB) to report earnings on July, 24. They expect $0.25 earnings per share, down 13.79% or $0.04 from last year’s $0.29 per share. ONB’s profit will be $38.04 million for 17.63 P/E if the $0.25 EPS becomes a reality. After $0.34 actual earnings per share reported by Old National Bancorp for the previous quarter, Wall Street now forecasts -26.47% negative EPS growth.

Among 11 analysts covering Old National Bancorp (NASDAQ:ONB), 3 have Buy rating, 0 Sell and 8 Hold. Therefore 27% are positive. Old National Bancorp had 31 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, February 26, the company rating was maintained by Keefe Bruyette & Woods. The firm earned “Hold” rating on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Hold” rating on Friday, July 7 by RBC Capital Markets. Boenning & Scattergood maintained the stock with “Buy” rating in Wednesday, March 28 report. The firm earned “Hold” rating on Tuesday, January 23 by Keefe Bruyette & Woods. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, June 12. RBC Capital Markets maintained Old National Bancorp (NASDAQ:ONB) on Tuesday, October 24 with “Hold” rating. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, August 8. As per Tuesday, August 4, the company rating was initiated by Stephens. The stock of Old National Bancorp (NASDAQ:ONB) has “Outperform” rating given on Tuesday, September 19 by Raymond James.

Levin Capital Strategies Lp, which manages about $8.28 billion and $5.92 billion US Long portfolio, upped its stake in Praxair Inc (NYSE:PX) by 3,000 shares to 4,766 shares, valued at $737,000 in 2017Q4, according to the filing. It also increased its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 41,906 shares in the quarter, for a total of 695,618 shares, and has risen its stake in Merck & Co Inc (NYSE:MRK).

Analysts await Sealed Air Corporation (NYSE:SEE) to report earnings on August, 14. They expect $0.58 earnings per share, up 65.71% or $0.23 from last year’s $0.35 per share. SEE’s profit will be $93.47 million for 18.76 P/E if the $0.58 EPS becomes a reality. After $0.51 actual earnings per share reported by Sealed Air Corporation for the previous quarter, Wall Street now forecasts 13.73% EPS growth.

Another recent and important Sealed Air Corporation (NYSE:SEE) news was published by Globenewswire.com which published an article titled: “Analysis: Positioning to Benefit within USA Technologies, Bloomin’ Brands, MBIA, NextEra Energy, Sealed Air, and …” on May 11, 2018.

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