Trinity Street Asset Management Llp Decreased Stake in Whirlpool Corp (NYSE:WHR) by $16.26 Million as Shares Rose


Trinity Street Asset Management Llp decreased its stake in Whirlpool Corp (NYSE:WHR) by 20.34% based on its latest 2016Q2 regulatory filing with the SEC. Trinity Street Asset Management Llp sold 90,324 shares as the company’s stock rose 21.78% with the market. The institutional investor held 353,720 shares of the consumer electronics and appliances company at the end of 2016Q2, valued at $63.79M, down from 444,044 at the end of the previous reported quarter. Trinity Street Asset Management Llp who had been investing in Whirlpool Corp for a number of months, seems to be less bullish one the $12.79 billion market cap company. The stock is down 2.14% or $3.64 after the negative news, hitting $166.28 per share. About 269,487 shares traded hands. Whirlpool Corporation (NYSE:WHR) has risen 25.64% since February 8, 2016 and is uptrending. It has outperformed by 9.16% the S&P500.

Trinity Street Asset Management Llp is a United Kingdom-based institutional investor with more than $2.01 billion AUM in June, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Trinity Street Asset Management latest Adv, the fund reported to have 11 full and part-time employees. Among which 3 performing investment advisory and research functions. The institutional investor had between 11-25 clients.

The institutional sentiment decreased to 1.11 in 2016 Q2. Its down 0.08, from 1.19 in 2016Q1. The ratio dived, as 50 funds sold all WHR shares owned while 189 reduced positions. 76 funds bought stakes while 189 increased positions. They now own 65.34 million shares or 4.77% less from 68.61 million shares in 2016Q1.

South Street Advisors Llc holds 3.27% of its portfolio in WHR for 62,460 shares. Bank Hapoalim Bm owns 80,000 shares or 3.11% of their US portfolio. Moreover, Institutional Capital Llc has 2.84% invested in the company for 1.39 million shares. The New York-based Md Sass Investors Services Inc has invested 2.77% in the stock. Asset Management Advisors Llc, a Oklahoma-based fund reported 14,215 shares.

Out of 6 analysts covering Whirlpool (NYSE:WHR), 5 rate it a “Buy”, 0 “Sell”, while 1 “Hold”. This means 83% are positive. Whirlpool has been the topic of 10 analyst reports since September 15, 2015 according to StockzIntelligence Inc. Gabelli downgraded the stock on September 12 to “Hold” rating.

Whirlpool Corporation is a manufacturer and marketer of home appliances. The company has a market cap of $12.79 billion. The Firm makes products in approximately 15 countries and markets products around the world under brand names, such as Whirlpool, KitchenAid, Maytag, Consul, Brastemp, Amana, Bauknecht, Jenn-Air and Indesit. It has a 14.72 P/E ratio. The Company’s divisions include North America, Latin America, EMEA and Asia.

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