Wcm Investment Management Boosted Brown & Brown (BRO) Position By $439,340, Ocean Rig Udw (ORIG) Shorts Raised By 5.65%

July 17, 2017 - By Stephen Andrade

Wcm Investment Management increased Brown & Brown Inc (BRO) stake by 70.19% reported in 2016Q4 SEC filing. Wcm Investment Management acquired 9,985 shares as Brown & Brown Inc (BRO)’s stock declined 4.10%. The Wcm Investment Management holds 24,211 shares with $1.09 million value, up from 14,226 last quarter. Brown & Brown Inc now has $6.10 billion valuation. It closed at $43.3 lastly. It is down 19.69% since July 17, 2016 and is uptrending. It has outperformed by 2.99% the S&P500.

Ocean Rig Udw Incorporated (NASDAQ:ORIG) had an increase of 5.65% in short interest. ORIG’s SI was 5.31M shares in July as released by FINRA. Its up 5.65% from 5.02M shares previously. With 291,600 avg volume, 18 days are for Ocean Rig Udw Incorporated (NASDAQ:ORIG)’s short sellers to cover ORIG’s short positions. It closed at $0.2 lastly. It is down 87.33% since July 17, 2016 and is downtrending. It has underperformed by 104.03% the S&P500.

Among 14 analysts covering Brown & Brown (NYSE:BRO), 0 have Buy rating, 2 Sell and 12 Hold. Therefore 0 are positive. Brown & Brown had 29 analyst reports since August 24, 2015 according to SRatingsIntel. BMO Capital Markets downgraded the shares of BRO in report on Friday, November 4 to “Underperform” rating. RBC Capital Markets maintained it with “Sector Perform” rating and $34.0 target in Wednesday, October 21 report. On Wednesday, April 19 the stock rating was maintained by Wells Fargo with “Hold”. Barclays Capital maintained it with “Underweight” rating and $31 target in Tuesday, July 19 report. The stock has “Market Perform” rating by Wells Fargo on Wednesday, October 14. The company was upgraded on Friday, December 16 by JP Morgan. RBC Capital Markets maintained it with “Sector Perform” rating and $37 target in Wednesday, July 20 report. The company was maintained on Monday, June 12 by RBC Capital Markets. The stock has “Hold” rating by Deutsche Bank on Monday, October 24. The stock of Brown & Brown, Inc. (NYSE:BRO) has “Neutral” rating given on Thursday, July 13 by Citigroup.

Investors sentiment decreased to 1.16 in 2016 Q4. Its down 0.26, from 1.42 in 2016Q3. It is negative, as 22 investors sold BRO shares while 78 reduced holdings. 33 funds opened positions while 83 raised stakes. 100.09 million shares or 0.86% less from 100.97 million shares in 2016Q3 were reported. Blackrock Advsrs Limited Liability Corp owns 0.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 130,778 shares. New York State Teachers Retirement holds 0.02% of its portfolio in Brown & Brown, Inc. (NYSE:BRO) for 192,068 shares. Patten & Patten Tn has invested 0.06% in Brown & Brown, Inc. (NYSE:BRO). Metropolitan Life Company New York, a New York-based fund reported 107,745 shares. 1.06 million are held by Hermes Invest. Pine River Capital Management LP holds 11,685 shares. Blackrock Grp reported 296,378 shares stake. Teacher Retirement System Of Texas holds 9,424 shares. Parametrica Management has invested 0.2% of its portfolio in Brown & Brown, Inc. (NYSE:BRO). Qs Ltd Co accumulated 8 shares. Blackrock Fund Advsrs invested in 0.04% or 4.48 million shares. Centaur Capital Prns LP owns 7.01% invested in Brown & Brown, Inc. (NYSE:BRO) for 72,500 shares. Chilton Invest Com Ltd Llc stated it has 6,252 shares. Moreover, Lord Abbett And Com Lc has 0.05% invested in Brown & Brown, Inc. (NYSE:BRO) for 394,900 shares. Fmr reported 4.13M shares or 0.02% of all its holdings.

Wcm Investment Management decreased Adidas Ag Adr (ADDYY) stake by 37,559 shares to 823,785 valued at $64.71 million in 2016Q4. It also reduced Sensient Technologies (NYSE:SXT) stake by 32,470 shares and now owns 7,928 shares. Chase Corp (NYSEMKT:CCF) was reduced too.

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