Indexiq Advisors Has Trimmed Its Hormel Foods (HRL) Holding; Brookline Bancorp (BRKL) Shorts Increased By 14.01%

Hormel Foods Corporation (NYSE:HRL) Logo

Brookline Bancorp Inc (NASDAQ:BRKL) had an increase of 14.01% in short interest. BRKL’s SI was 1.72M shares in March as released by FINRA. Its up 14.01% from 1.50 million shares previously. With 274,400 avg volume, 6 days are for Brookline Bancorp Inc (NASDAQ:BRKL)’s short sellers to cover BRKL’s short positions. The stock increased 0.27% or $0.04 during the last trading session, reaching $15.12. About 13,906 shares traded. Brookline Bancorp, Inc. (NASDAQ:BRKL) has 0.00% since March 14, 2018 and is . It has underperformed by 4.37% the S&P500. Some Historical BRKL News: 26/04/2018 – BROOKLINE BANCORP INC BRKL.O : COMPASS POINT RAISES TARGET PRICE TO $21 FROM $20; 20/04/2018 – DJ Brookline Bancorp Inc, Inst Holders, 1Q 2018 (BRKL); 09/04/2018 – CBS-TV 3: Armed barricaded subject on Brookline Ave. in Agawam; 25/04/2018 – BROOKLINE BANCORP 1Q EPS 24C, EST. 25C; 25/04/2018 – Brookline Bancorp 1Q EPS 24c; 08/03/2018 Brookline Bank Introduces New Suite of Foreign Exchange Services; 25/04/2018 – Brookline Bancorp Raises Dividend to 10c; 25/04/2018 – BROOKLINE BANCORP BOOSTS QTRLY DIV 11.1%; 25/04/2018 – BROOKLINE BANCORP BOOSTS QTR DIV/SHR TO 10C FROM 9C, EST. 9C

Indexiq Advisors Llc decreased Hormel Foods Corp (HRL) stake by 38.72% reported in 2018Q4 SEC filing. Indexiq Advisors Llc sold 105,246 shares as Hormel Foods Corp (HRL)’s stock declined 4.17%. The Indexiq Advisors Llc holds 166,545 shares with $7.11 million value, down from 271,791 last quarter. Hormel Foods Corp now has $22.90 billion valuation. The stock decreased 0.09% or $0.04 during the last trading session, reaching $42.75. About 71,354 shares traded. Hormel Foods Corporation (NYSE:HRL) has risen 32.94% since March 14, 2018 and is uptrending. It has outperformed by 28.57% the S&P500. Some Historical HRL News: 24/05/2018 – Hormel Foods Reaffirms Full Yr Guidance; 24/05/2018 – Hormel Foods 2Q Profit Rises 13%, Backs Fiscal 2018 Guidance; 31/05/2018 – Precooked Bacon Pioneer Takes on Hormel by Adding Patent Fight; 24/05/2018 – Hormel Foods Full Yr Effective Tax Rate Is Expected to Be Between 17.5% and 19.5%; 24/05/2018 – Hormel Foods 2Q Effective Tax Rate 20%; 24/05/2018 – HORMEL FOODS SAYS DON KREMIN, GROUP VP TO RETIRE; 24/05/2018 – HORMEL FOODS CORP QTRLY JENNIE-O TURKEY STORE NET SALES DOWN 1%; 24/05/2018 – HORMEL FOODS CORP – EXPECT JENNIE-O TURKEY STORE TO CONTINUE SHOWING EARNINGS DECLINES FOR REMAINDER OF THIS YEAR; 24/05/2018 – HORMEL FOODS CORP – QTRLY REFRIGERATED FOODS VOLUME UP 6%; 30/04/2018 – Hormel Foods Corporation Second Quarter Earnings Conference Call

More notable recent Hormel Foods Corporation (NYSE:HRL) news were published by: Seekingalpha.com which released: “Hormel Foods missed Q1 estimates and reaffirms FY2019 guidance – Seeking Alpha” on February 21, 2019, also Benzinga.com with their article: “Earnings Scheduled For February 21, 2019 – Benzinga” published on February 21, 2019, Investorplace.com published: “5 Must-See Stock Charts for Friday: Newmont, Nike, Tesla – Investorplace.com” on February 21, 2019. More interesting news about Hormel Foods Corporation (NYSE:HRL) were released by: Globenewswire.com and their article: “Factors of Influence in 2019, Key Indicators and Opportunity within BCE, Nektar Therapeutics, Hormel Foods, Enanta Pharmaceuticals, MongoDB, and Regal Beloit — New Research Emphasizes Economic Growth – GlobeNewswire” published on February 15, 2019 as well as Seekingalpha.com‘s news article titled: “Hormel Foods – Valuation Now Unreasonable – Seeking Alpha” with publication date: November 21, 2018.

Investors sentiment increased to 1.09 in 2018 Q4. Its up 0.02, from 1.07 in 2018Q3. It is positive, as 37 investors sold HRL shares while 150 reduced holdings. 61 funds opened positions while 142 raised stakes. 228.17 million shares or 4.97% more from 217.37 million shares in 2018Q3 were reported. 231,066 were accumulated by Raymond James Financial Svcs Advsr. Hanseatic Management Svcs holds 1.3% or 22,539 shares in its portfolio. Blume Cap Management reported 0.14% in Hormel Foods Corporation (NYSE:HRL). Cibc World Markets invested in 0.05% or 123,267 shares. Glenmede Trust Communication Na has 0.07% invested in Hormel Foods Corporation (NYSE:HRL) for 325,093 shares. Retirement System Of Alabama holds 0.03% in Hormel Foods Corporation (NYSE:HRL) or 125,384 shares. Virginia Retirement Et Al reported 592,976 shares. Mackenzie Financial Corp holds 0.02% of its portfolio in Hormel Foods Corporation (NYSE:HRL) for 204,921 shares. Rampart Investment Limited holds 0.03% or 2,919 shares. Credit Suisse Ag reported 931,547 shares. Orrstown Fincl Ser invested 0.02% in Hormel Foods Corporation (NYSE:HRL). Gateway Investment Advisers Limited Liability Co holds 0% in Hormel Foods Corporation (NYSE:HRL) or 11,263 shares. Nexus Invest Management has invested 0.06% of its portfolio in Hormel Foods Corporation (NYSE:HRL). Public Sector Pension Invest Board holds 14,020 shares or 0.01% of its portfolio. Signature Fincl Mgmt owns 93,940 shares.

Among 7 analysts covering Hormel Foods (NYSE:HRL), 0 have Buy rating, 1 Sell and 6 Hold. Therefore 0 are positive. Hormel Foods had 11 analyst reports since September 17, 2018 according to SRatingsIntel. The rating was initiated by Stephens with “Hold” on Monday, March 4. Jefferies maintained it with “Hold” rating and $44 target in Wednesday, February 27 report. Vertical Group downgraded the shares of HRL in report on Tuesday, November 6 to “Sell” rating. On Tuesday, November 27 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Hold” rating given on Tuesday, March 5 by Barclays Capital. The stock of Hormel Foods Corporation (NYSE:HRL) has “Neutral” rating given on Wednesday, November 21 by Credit Suisse. Jefferies maintained it with “Hold” rating and $44 target in Thursday, February 21 report. Credit Suisse maintained the shares of HRL in report on Thursday, February 21 with “Hold” rating. The firm earned “Market Perform” rating on Monday, September 17 by BMO Capital Markets.

Analysts await Hormel Foods Corporation (NYSE:HRL) to report earnings on May, 23. They expect $0.48 earnings per share, up 9.09% or $0.04 from last year’s $0.44 per share. HRL’s profit will be $257.12M for 22.27 P/E if the $0.48 EPS becomes a reality. After $0.44 actual earnings per share reported by Hormel Foods Corporation for the previous quarter, Wall Street now forecasts 9.09% EPS growth.

Indexiq Advisors Llc increased Ishares Tr (FXI) stake by 255,796 shares to 639,281 valued at $24.98M in 2018Q4. It also upped Capital One Finl Corp (NYSE:COF) stake by 26,599 shares and now owns 73,148 shares. Indexiq Etf Tr (QAI) was raised too.

Since September 17, 2018, it had 0 buys, and 11 insider sales for $11.56 million activity. Shares for $243,936 were sold by Murano Elsa A on Tuesday, January 8. 4,000 shares were sold by PIPPINS DAKOTA A, worth $178,360 on Monday, December 10. SPLINTER JAMES M sold $2.16M worth of stock or 48,000 shares. 9,034 shares were sold by NAKASONE ROBERT, worth $411,878. $2.21M worth of Hormel Foods Corporation (NYSE:HRL) was sold by DAY THOMAS R. SHEEHAN JAMES N sold $2.70M worth of stock or 60,000 shares. 48,000 Hormel Foods Corporation (NYSE:HRL) shares with value of $1.97 million were sold by Brady Deanna T.

Brookline Bancorp, Inc. operates as the holding firm for Brookline Bank, Bank Rhode Island, First Ipswich Bank, and Brookline Securities Corp that provide commercial, business, and retail banking services to corporate, municipal, and retail customers. The company has market cap of $1.20 billion. It accepts various deposit products, including demand checking, NOW, savings, money market, and certificate of deposit accounts. It has a 14.54 P/E ratio. The firm also offers loans, such as first mortgage loans secured by commercial, multi-family, and residential real estate properties; loans to business entities comprising commercial lines of credit; loans to condominium associations; and loans and leases used to finance equipment used by small businesses.

More notable recent Brookline Bancorp, Inc. (NASDAQ:BRKL) news were published by: Seekingalpha.com which released: “Brookline Bancorp -4.2% after Compass point downgrades on headwinds – Seeking Alpha” on January 09, 2019, also Globenewswire.com with their article: “Brookline Bancorp, Inc. Announces Approval of Stock Repurchase Program – GlobeNewswire” published on December 06, 2018, Globenewswire.com published: “Brookline Bancorp, Inc. Announces 2019 Annual Meeting Information – GlobeNewswire” on January 30, 2019. More interesting news about Brookline Bancorp, Inc. (NASDAQ:BRKL) were released by: Nasdaq.com and their article: “Brookline Bancorp, Inc. (BRKL) Ex-Dividend Date Scheduled for February 08, 2019 – Nasdaq” published on February 07, 2019 as well as Globenewswire.com‘s news article titled: “Brookline Bancorp, Inc. Names Joanne Chang to Board of Directors – GlobeNewswire” with publication date: September 26, 2018.

Since October 30, 2018, it had 2 insider purchases, and 1 insider sale for $175,970 activity. Another trade for 1,000 shares valued at $15,600 was made by Doyle John J Jr on Tuesday, October 30. Chang Joanne B. bought $1,510 worth of Brookline Bancorp, Inc. (NASDAQ:BRKL) on Wednesday, November 28. PECK CHARLES H had sold 12,000 shares worth $193,080.

Investors sentiment is 1.17 in Q4 2018. Its the same as in 2018Q3. It is the same, as 10 investors sold Brookline Bancorp, Inc. shares while 55 reduced holdings. only 30 funds opened positions while 46 raised stakes. 59.56 million shares or 2.50% less from 61.08 million shares in 2018Q3 were reported. Geode Cap Mngmt Limited Com holds 941,698 shares or 0% of its portfolio. Zeke Advisors Ltd Liability Corp owns 0.03% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 22,302 shares. Polaris Mgmt Ltd invested 0.7% in Brookline Bancorp, Inc. (NASDAQ:BRKL). Loring Wolcott And Coolidge Fiduciary Advsrs Llp Ma invested in 119,157 shares or 0.03% of the stock. Citadel Limited Liability holds 0% of its portfolio in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 50,933 shares. Glenmede Na has 7,476 shares for 0% of their portfolio. Parkside Bancorp And has 0% invested in Brookline Bancorp, Inc. (NASDAQ:BRKL) for 81 shares. First Manhattan accumulated 0.02% or 289,804 shares. Charles Schwab Mngmt holds 438,350 shares or 0% of its portfolio. Tower Rech Limited Liability Company (Trc) has invested 0% in Brookline Bancorp, Inc. (NASDAQ:BRKL). 101,922 are held by Matarin Limited Liability Com. Commercial Bank Of Montreal Can owns 3,508 shares. First Republic Investment Mngmt stated it has 27,269 shares. Aqr Capital Management Lc reported 52,938 shares. Goldman Sachs Gru reported 0.01% stake.

Hormel Foods Corporation (NYSE:HRL) Institutional Positions Chart

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