The New Man Group Plc Holding in Omega Protein Corp
Man Group Plc filed with the SEC SC 13G form for Omega Protein Corp. The form can be accessed here: 000090266416008292. As reported in Man Group Plc’s form, the filler as of late owns 5.66% or 1,261,519 shares of the Consumer Staples–company.
Omega Protein Corp stake is a new one for the and it was filed because of activity on September 26, 2016. We feel this shows Man Group Plc’s positive view for the stock.
Omega Protein Corp Institutional Sentiment
Latest Security and Exchange filings show 106 investors own Omega Protein Corp. The institutional ownership in Q3 2015 is high, at 75.33% of the outstanding shares. This is decreased by 1075403 the total institutional shares. 16806231 were the shares owned by these institutional investors. In total 20 funds opened new Omega Protein Corp stakes, 26 increased stakes. There were 15 that closed positions and 39 reduced them.
3 managers had the stock in their top Ten. Notable investors are: Wynnefield Capital Inc..
Bruce & Co Inc is an institutional investor bullish on Omega Protein Corp, owning 341000 shares as of Q3 2015 for 1.49% of its portfolio. Tinicum Inc owns 610800 shares or 5.02% of its portfolio. CT Thomson Horstmann & Bryant Inc have 2.09% of their stock portfolio for 1258168 shares. Further, Wynnefield Capital Inc reported stake worth 11.47% of its US stock portfolio. The OH James Investment Research Inc owns 114804 shares. Omega Protein Corp is 0.05% of the manager’s US portfolio.
Omega Protein Corporation is a nutritional products company that develops, produces and delivers nutritious products across the world. The Company operates through two segments: animal nutrition and human nutrition. The Company’s animal nutrition segment consists primarily of two subsidiaries: Omega Protein, Inc. (Omega Protein) and Omega Shipyard, Inc. (Omega Shipyard). Omega Protein operates approximately three menhaden processing plants in the states of Louisiana, Mississippi and Virginia. The human nutrition segment does business under the name Bioriginal, which includes all of the human nutrition businesses. Bioriginal has over three primary product lines: plant and marine based specialty oils, protein products and other nutraceutical ingredients. Bioriginal consists of approximately four subsidiaries: Bioriginal Food & Science Corp. (Bioriginal Food & Science), Wisconsin Specialty Protein, L.L.C. (WSP), Cyvex Nutrition, Inc. (Cyvex) and InCon Processing, L.L.C. (InCon).
SEC Form 13G is required when the filer owns between (5% and 20%) of a company and plans to hold it only as a passive investor. In case the filler intend to exert control and the stake’s exceeds 20%, then 13D Form must be filed. These filings can NOT be a precursor to “change of control” events such as hostile takeovers, company breakups or others.
Insitutional Activity: The institutional sentiment decreased to 0.79 in 2016 Q2. Its down 0.38, from 1.17 in 2016Q1. The ratio dived, as 20 funds sold all Omega Protein Corporation shares owned while 53 reduced positions. 21 funds bought stakes while 37 increased positions. They now own 18.76 million shares or 2.54% less from 19.25 million shares in 2016Q1.
Blackrock Institutional Company Na reported 539,626 shares or 0% of all its holdings. Commonwealth Equity has invested 0.01% of its portfolio in Omega Protein Corporation (NYSE:OME). Wellington Management Llp owns 699,347 shares or 0% of their US portfolio. Price T Rowe Md holds 18,260 shares or 0% of its portfolio. Oxford Asset Mgmt has 144,187 shares for 0.12% of their US portfolio. Smithfield Tru holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 790 shares. James Inv Rech holds 0.28% of its portfolio in Omega Protein Corporation (NYSE:OME) for 548,066 shares. Tudor Inv Corp Et Al holds 0.01% of its portfolio in Omega Protein Corporation (NYSE:OME) for 29,108 shares. The New Jersey-based Blackrock Investment Ltd has invested 0% in Omega Protein Corporation (NYSE:OME). Moreover, Nationwide Fund has 0% invested in Omega Protein Corporation (NYSE:OME) for 19,061 shares. Tower Research Cap Limited Liability Company (Trc) holds 0% of its portfolio in Omega Protein Corporation (NYSE:OME) for 1,162 shares. Moreover, Princeton Alpha Mngmt Lp has 0.05% invested in Omega Protein Corporation (NYSE:OME) for 14,433 shares. The Virginia-based Virginia Retirement Et Al has invested 0.01% in Omega Protein Corporation (NYSE:OME). The California-based Violich Capital has invested 0.07% in Omega Protein Corporation (NYSE:OME). Morgan Stanley holds 22,427 shares or 0% of its portfolio.
Insider Transactions: Since September 8, 2016, the stock had 0 insider buys, and 3 selling transactions for $2.59 million net activity. Griffin Mark Edward sold $1.88 million worth of Omega Protein Corporation (NYSE:OME) on Monday, September 12. The insider Johannesen Andrew sold $436,900. On Thursday, September 22 the insider ALLEE GARY L sold $272,552.
Analysts await Omega Protein Corporation (NYSE:OME) to report earnings on November, 2. They expect $0.62 EPS, down 6.06% or $0.04 from last year’s $0.66 per share. OME’s profit will be $13.75M for 9.51 P/E if the $0.62 EPS becomes a reality. After $0.62 actual EPS reported by Omega Protein Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.
The stock increased 0.34% or $0.08 on October 5, hitting $23.58. About 138,211 shares traded hands. Omega Protein Corporation (NYSE:OME) has declined 5.09% since March 2, 2016 and is downtrending. It has underperformed by 13.35% the S&P500.
Omega Protein Corporation is a nutritional products firm that develops, produces and delivers nutritious products across the world. The company has a market cap of $523.06 million. The Firm operates through two divisions: animal nutrition and human nutrition. It has a 19.25 P/E ratio. The Company’s animal nutrition segment consists primarily of two subsidiaries: Omega Protein, Inc. and Omega Shipyard, Inc. (Omega Shipyard).
Omega Protein Corporation (NYSE:OME) Ratings Coverage
Out of 5 analysts covering Omega Protein (NYSE:OME), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $24 is the highest target while $19 is the lowest. The $22 average target is -6.70% below today’s ($23.58) stock price. Omega Protein has been the topic of 9 analyst reports since August 11, 2015 according to StockzIntelligence Inc. Imperial Capital upgraded the stock to “In-Line” rating in Tuesday, August 11 report. The stock of Omega Protein Corporation (NYSE:OME) earned “Buy” rating by Wunderlich on Thursday, April 28. DA Davidson upgraded it to “Buy” rating and $21 target price in Tuesday, September 29 report. Pivotal Research upgraded the shares of OME in a report on Wednesday, January 20 to “Buy” rating. DA Davidson downgraded the shares of OME in a report on Monday, December 14 to “Neutral” rating. The firm earned “Hold” rating on Friday, August 5 by Wunderlich. The firm earned “Hold” rating on Tuesday, September 1 by BB&T Capital. The firm has “Hold” rating by Pivotal Research given on Tuesday, October 20.
More notable recent Omega Protein Corporation (NYSE:OME) news were published by: Fool.com which released: “Why Omega Protein Corporation Shares Crashed Today” on March 10, 2016, also Prnewswire.com with their article: “Proxy Advisor Glass Lewis Recommends That Omega Protein Stockholders Vote For …” published on June 17, 2016, Prnewswire.com published: “Wynnefield Capital Issues Letter To Omega Protein Stockholders” on June 13, 2016. More interesting news about Omega Protein Corporation (NYSE:OME) were released by: Prnewswire.com and their article: “Nevada State Court Orders Omega Protein To Produce NOBO Shareholder List By …” published on June 14, 2016 as well as Prnewswire.com‘s news article titled: “Wynnefield Capital Compelled to Sue Omega Protein For Failure to Make …” with publication date: June 06, 2016.
According to Zacks Investment Research, “Omega Protein Corporation, headquartered in Houston, is one of the nation’s leading producers of edible fish oil, which is high in nutritionally desirable Omega-3 fatty acids and is used in a variety of food products. Omega Protein also produces specialty fish meals for use in livestock feeds, and fish solubles which are used as an organic fertilizer and in other applications. (Company Press Release)”
OME Company Profile
Omega Protein Corporation, incorporated on January 23, 1998, is a nutritional products firm that develops, produces and delivers nutritious products across the world. The Firm operates through two divisions: animal nutrition and human nutrition. Omega Protein, Inc. (Omega Protein), the Company’s principal operating subsidiary, produces animal nutrition products and operates in the menhaden harvesting and processing business. Omega Protein operates approximately three menhaden processing plants in the states of Louisiana, Mississippi and Virginia. The Firm also operates a Health and Science Center in Reedville, Virginia, which provides 100-metric tons per day of fish oil input capacity for the Company’s food, industrial and feed grade oils. A portion of Omega Protein’s production is transferred to its human nutrition segment. Omega Shipyard, Inc. (Omega Shipyard) owns and operates a dry dock facility in Moss Point, Mississippi that is used to provide shore side maintenance for Omega Protein’s fishing fleet.
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