Goodhaven Capital Management Has Trimmed Sears Hldgs (SHLD) Holding By $1.75 Million; Oceanfirst Financial Has 1.62 Sentiment

October 13, 2017 - By Kurt Siggers

Goodhaven Capital Management Llc decreased Sears Hldgs Corp (SHLD) stake by 77.89% reported in 2017Q2 SEC filing. Goodhaven Capital Management Llc sold 218,400 shares as Sears Hldgs Corp (SHLD)’s stock rose 3.98%. The Goodhaven Capital Management Llc holds 61,997 shares with $549,000 value, down from 280,397 last quarter. Sears Hldgs Corp now has $727.41 million valuation. The stock increased 9.19% or $0.57 during the last trading session, reaching $6.77. About 1.45M shares traded or 33.03% up from the average. Sears Holdings Corp (NASDAQ:SHLD) has declined 29.81% since October 13, 2016 and is downtrending. It has underperformed by 46.51% the S&P500.

OceanFirst Financial Corp. is a holding firm for OceanFirst Bank . The company has market cap of $899.88 million. The Firm is a savings and loan holding company. It has a 23.84 P/E ratio. The Bank’s principal business is attracting retail and business deposits in the communities surrounding its branch offices and investing those deposits primarily in loans, consisting of single-family, owner-occupied residential mortgage loans, and commercial real estate and other commercial loans.

Investors sentiment decreased to 0.52 in 2017 Q2. Its down 0.46, from 0.98 in 2017Q1. It fall, as 26 investors sold SHLD shares while 35 reduced holdings. 13 funds opened positions while 19 raised stakes. 66.61 million shares or 5.31% less from 70.34 million shares in 2017Q1 were reported. Ny State Common Retirement Fund stated it has 0% in Sears Holdings Corp (NASDAQ:SHLD). Ubs Asset Management Americas reported 50,356 shares. Farmers And Merchants Invests has invested 0% of its portfolio in Sears Holdings Corp (NASDAQ:SHLD). Vanguard, a Pennsylvania-based fund reported 2.24M shares. Stonehill Capital Mgmt Limited Liability invested in 758,012 shares or 2.54% of the stock. Manatuck Hill Ptnrs Ltd Liability Corp has 0.13% invested in Sears Holdings Corp (NASDAQ:SHLD). Parallax Volatility Advisers LP has invested 0% in Sears Holdings Corp (NASDAQ:SHLD). Geode Cap Mgmt Ltd Llc accumulated 399,239 shares. Deutsche Comml Bank Ag stated it has 0% in Sears Holdings Corp (NASDAQ:SHLD). Fairholme Cap Management Lc reported 28.86 million shares. D E Shaw And reported 0% stake. Goodhaven Management Lc invested 0.27% in Sears Holdings Corp (NASDAQ:SHLD). Sei Investments holds 4 shares or 0% of its portfolio. Cranbrook Wealth Lc stated it has 7 shares or 0% of all its holdings. Aperio Grp Ltd Liability Co invested in 0% or 15,141 shares.

Among 2 analysts covering Sears Canada (NASDAQ:SHLD), 0 have Buy rating, 1 Sell and 1 Hold. Therefore 0 are positive. Sears Canada had 2 analyst reports since September 3, 2015 according to SRatingsIntel. The company was initiated on Friday, February 10 by Susquehanna. IBC maintained the stock with “Sector Perform” rating in Thursday, September 3 report.

Since January 1, 0001, it had 0 buys, and 6 selling transactions for $1.56 million activity.

The stock decreased 0.40% or $0.11 during the last trading session, reaching $27.72. About 71,495 shares traded. OceanFirst Financial Corp. (OCFC) has risen 51.57% since October 13, 2016 and is uptrending. It has outperformed by 34.87% the S&P500.

Fj Capital Management Llc holds 2.21% of its portfolio in OceanFirst Financial Corp. for 644,600 shares. Silver Capital Management Llc owns 18,790 shares or 2.03% of their US portfolio. Moreover, Private Capital Management Llc has 1.74% invested in the company for 399,851 shares. The Ohio-based Elizabeth Park Capital Advisors Ltd. has invested 1.56% in the stock. Seidman Lawrence B, a New Jersey-based fund reported 90,184 shares.

Analysts await OceanFirst Financial Corp. (NASDAQ:OCFC) to report earnings on October, 25. They expect $0.43 earnings per share, up 7.50% or $0.03 from last year’s $0.4 per share. OCFC’s profit will be $13.96M for 16.12 P/E if the $0.43 EPS becomes a reality. After $0.40 actual earnings per share reported by OceanFirst Financial Corp. for the previous quarter, Wall Street now forecasts 7.50% EPS growth.

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