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Redmond Asset Management Boosted Its Beacon Roofing Supply (BECN) Stake by $1.91 Million; Fifth 3Rd Bancorp (FITB) Holder Pettee Investors Lowered Position by $334,800 as Stock Declined

Fifth Third Bancorp (NASDAQ:FITB) Logo

Pettee Investors Inc decreased its stake in Fifth 3Rd Bancorp (FITB) by 43.65% based on its latest 2018Q3 regulatory filing with the SEC. Pettee Investors Inc sold 12,400 shares as the company’s stock declined 15.50% with the market. The institutional investor held 16,005 shares of the major banks company at the end of 2018Q3, valued at $447,000, down from 28,405 at the end of the previous reported quarter. Pettee Investors Inc who had been investing in Fifth 3Rd Bancorp for a number of months, seems to be less bullish one the $16.22B market cap company. The stock decreased 0.64% or $0.16 during the last trading session, reaching $24.74. About 1.62 million shares traded. Fifth Third Bancorp (NASDAQ:FITB) has declined 18.22% since January 8, 2018 and is downtrending. It has underperformed by 18.22% the S&P500. Some Historical FITB News: 21/05/2018 – FIFTH THIRD BANCORP – SEES COST SAVINGS FROM CONSOLIDATION OF SOME BACK OFFICE LOCATIONS, ABOUT 20% COMBINED CHICAGO BRANCHES FROM MB FINANCIAL DEAL; 21/05/2018 – FIFTH THIRD BANCORP – EXPECT INVESTMENT TO GENERATE AN IRR OF APPROXIMATELY 18.5 PERCENT; 21/05/2018 – FIFTH THIRD BANCORP – EXPECT DEAL TO ACCELERATE PROGRESS TOWARDS NORTHSTAR FINANCIAL TARGETS & ALSO RAISE THEM ABOVE PREVIOUS GUIDANCE; 08/05/2018 – FINRA – FOUND FIFTH THIRD FAILED TO COMPLY WITH A TERM OF 2009 SETTLEMENT WITH FINRA; 24/04/2018 – FIFTH THIRD BANCORP – AT QTR-END TIER 1 COMMON RATIO WAS 10.82 PCT VS 10.76 PCT REPORTED LAST YEAR; 25/04/2018 – FIFTH THIRD BANCORP FITB.O : WEDBUSH RAISES TARGET PRICE TO $37 FROM $35; 21/05/2018 – MB Financial/Fifth Third in spring deal talks; 29/05/2018 – lngrid Y. Jacobs Joins Eaton Vance as Chief Diversity Officer; 10/05/2018 – Fifth Third Bancorp: Disclosures Reference 10-Q for 1Q, Which Was Filed on May 4; 10/05/2018 – Fifth Third Bancorp 10-Q: As of March 31, As Calculated Under Basel III Approach, CET1 Capital Ratio Was 10.82%

Redmond Asset Management Llc increased its stake in Beacon Roofing Supply (BECN) by 41.02% based on its latest 2018Q3 regulatory filing with the SEC. Redmond Asset Management Llc bought 53,182 shares as the company’s stock declined 20.52% with the market. The institutional investor held 182,821 shares of the consumer services company at the end of 2018Q3, valued at $6.62 million, up from 129,639 at the end of the previous reported quarter. Redmond Asset Management Llc who had been investing in Beacon Roofing Supply for a number of months, seems to be bullish on the $2.37B market cap company. The stock decreased 0.49% or $0.17 during the last trading session, reaching $34.83. About 547,658 shares traded. Beacon Roofing Supply, Inc. (NASDAQ:BECN) has declined 47.26% since January 8, 2018 and is downtrending. It has underperformed by 47.26% the S&P500. Some Historical BECN News: 20/04/2018 – DJ Beacon Roofing Supply Inc, Inst Holders, 1Q 2018 (BECN); 01/05/2018 – Beacon Roofing Supply Announces Acquisition Of Minnesota-Based Tri-State Builder’s Supply; 18/04/2018 – Beacon Roofing Supply to Announce Second Quarter 2018 Earnings on May 8, 2018; 08/05/2018 – Beacon Roofing Supply 2Q Loss/Shr $1.07; 03/05/2018 – Investor Expectations to Drive Momentum within Balchem, Beacon Roofing Supply, Rice Midstream Partners LP, LTC Properties, Ubiq; 01/05/2018 – BEACON ROOFING SUPPLY ACQUIRES TRI-STATE BUILDER’S SUPPLY; 08/05/2018 – BEACON ROOFING 2Q LOSS/SHR $1.07; 20/03/2018 – Beacon Roofing Non-Deal Roadshow Set By SunTrust for Mar. 27; 12/03/2018 Beacon Roofing at Company Marketing Hosted By Stephens Inc; 23/05/2018 – Beacon Roofing Presenting at KeyCorp Conference May 29

Since August 16, 2018, it had 7 buys, and 0 sales for $1.70 million activity. The insider MCLAUGHLIN ROBERT M bought $229,110. Shares for $222,865 were bought by KNISELY PHILIP on Thursday, August 16. Harrison Christopher Anthony bought $149,147 worth of stock. ISABELLA PAUL had bought 3,200 shares worth $101,635. The insider BERQUIST CARL T bought $165,250. Shares for $497,828 were bought by NOVICH NEIL S.

Investors sentiment decreased to 1.24 in Q3 2018. Its down 0.10, from 1.34 in 2018Q2. It is negative, as 42 investors sold BECN shares while 52 reduced holdings. 37 funds opened positions while 80 raised stakes. 71.09 million shares or 0.30% less from 71.31 million shares in 2018Q2 were reported. Blair William And Il invested in 64,364 shares or 0.01% of the stock. Skyline Asset Mgmt Limited Partnership reported 505,400 shares stake. Wcm Investment Ca owns 106,157 shares. Invesco Limited reported 705,286 shares. Brinker Capital Incorporated has 5,650 shares. Synovus Financial owns 0% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 1,065 shares. Glenmede Tru Na reported 807,924 shares. Bluemountain Cap Mngmt Limited Liability Com holds 0.03% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 47,409 shares. Raymond James Associates has 164,047 shares. Stevens Mngmt LP stated it has 0.06% in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Marathon Mgmt reported 0.27% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Ameriprise Inc has invested 0.01% of its portfolio in Beacon Roofing Supply, Inc. (NASDAQ:BECN). Penn Mgmt invested in 323,671 shares or 0.89% of the stock. Moreover, Broadview Advsr Ltd has 0.88% invested in Beacon Roofing Supply, Inc. (NASDAQ:BECN) for 142,350 shares. Strs Ohio reported 0% in Beacon Roofing Supply, Inc. (NASDAQ:BECN).

Among 20 analysts covering Beacon Roofing Supply (NASDAQ:BECN), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Beacon Roofing Supply had 72 analyst reports since July 28, 2015 according to SRatingsIntel. The company was downgraded on Monday, October 8 by William Blair. On Tuesday, February 13 the stock rating was upgraded by Wedbush to “Outperform”. The stock has “Underperform” rating by Wells Fargo on Thursday, November 15. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, November 14. On Wednesday, May 9 the stock rating was downgraded by Jefferies to “Hold”. As per Monday, November 30, the company rating was downgraded by Stephens. The firm earned “Strong Buy” rating on Monday, February 8 by Raymond James. Robert W. Baird downgraded the stock to “Neutral” rating in Tuesday, October 2 report. As per Friday, August 25, the company rating was maintained by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Wednesday, January 17.

Redmond Asset Management Llc, which manages about $222.44 million and $254.88 million US Long portfolio, decreased its stake in Whirlpool Corp Com (NYSE:WHR) by 6,669 shares to 10,122 shares, valued at $1.20 million in 2018Q3, according to the filing. It also reduced its holding in Tractor Supply Co (NASDAQ:TSCO) by 38,422 shares in the quarter, leaving it with 57,988 shares, and cut its stake in At&T Inc Com (NYSE:T).

More notable recent Beacon Roofing Supply, Inc. (NASDAQ:BECN) news were published by: Investorplace.com which released: “Is Home Depot Stock the Best Housing Play? – Investorplace.com” on December 11, 2018, also Seekingalpha.com with their article: “Beacon Roofing Supply, Inc. 2018 Q3 – Results – Earnings Call Slides – Seeking Alpha” published on August 07, 2018, Benzinga.com published: “JPMorgan Sends Beacon Roofing (NASDAQ:BECN) To The ‘Penalty Box’ After Q2 Miss – Benzinga” on May 10, 2018. More interesting news about Beacon Roofing Supply, Inc. (NASDAQ:BECN) were released by: Seekingalpha.com and their article: “Beacon Roofing Supply, Inc. 2018 Q4 – Results – Earnings Call Slides – Seeking Alpha” published on November 19, 2018 as well as Seekingalpha.com‘s news article titled: “Beacon Roofing Supply, Inc. 2018 Q1 – Results – Earnings Call Slides – Seeking Alpha” with publication date: February 08, 2018.

Among 34 analysts covering Fifth Third (NASDAQ:FITB), 8 have Buy rating, 0 Sell and 26 Hold. Therefore 24% are positive. Fifth Third had 122 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Friday, October 6 by UBS. Goldman Sachs downgraded the shares of FITB in report on Friday, October 2 to “Neutral” rating. The stock has “Hold” rating by Jefferies on Tuesday, January 23. Piper Jaffray maintained it with “Hold” rating and $27.0 target in Tuesday, October 24 report. Piper Jaffray maintained the shares of FITB in report on Tuesday, January 23 with “Hold” rating. The company was downgraded on Wednesday, July 22 by Citigroup. Wedbush maintained it with “Neutral” rating and $26 target in Wednesday, January 25 report. Robert W. Baird maintained Fifth Third Bancorp (NASDAQ:FITB) rating on Tuesday, January 2. Robert W. Baird has “Sell” rating and $29.0 target. The rating was downgraded by Bernstein on Wednesday, November 16 to “Mkt Perform”. The rating was upgraded by Bernstein to “Mkt Perform” on Wednesday, August 26.

More notable recent Fifth Third Bancorp (NASDAQ:FITB) news were published by: Bizjournals.com which released: “Here are the most-read banking and finance stories of 2018 – Tampa Bay – Tampa Bay Business Journal” on December 27, 2018, also Nasdaq.com with their article: “Daily Dividend Report: BA, CP, ABX, FITB, ORCL – Nasdaq” published on December 18, 2018, Nasdaq.com published: “What’s in the Cards for Fifth Third (FITB) in Q1 Earnings? – Nasdaq” on April 23, 2018. More interesting news about Fifth Third Bancorp (NASDAQ:FITB) were released by: Nasdaq.com and their article: “What to Expect From Fifth Third (FITB) in Q3 Earnings? – Nasdaq” published on October 22, 2018 as well as Seekingalpha.com‘s news article titled: “Fifth Third Bancorp declares $0.22 dividend – Seeking Alpha” with publication date: December 18, 2018.

Fifth Third Bancorp (NASDAQ:FITB) Institutional Positions Chart

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