Private Management Group Has Lifted Its Ardmore Shipping (ASC) Position; Ray Gerald L & Associates LTD Has Upped Its Us Bancorp Del (USB) Stake

December 10, 2017 - By Peter Erickson

Private Management Group Inc increased Ardmore Shipping Corp (ASC) stake by 127.94% reported in 2017Q2 SEC filing. Private Management Group Inc acquired 123,730 shares as Ardmore Shipping Corp (ASC)’s stock rose 9.22%. The Private Management Group Inc holds 220,437 shares with $1.80M value, up from 96,707 last quarter. Ardmore Shipping Corp now has $260.21 million valuation. The stock decreased 1.27% or $0.1 during the last trading session, reaching $7.75. About 508,079 shares traded or 98.37% up from the average. Ardmore Shipping Corporation (NYSE:ASC) has declined 14.35% since December 10, 2016 and is downtrending. It has underperformed by 31.05% the S&P500.

Ray Gerald L & Associates Ltd increased Us Bancorp Del (USB) stake by 194.14% reported in 2017Q2 SEC filing. Ray Gerald L & Associates Ltd acquired 9,546 shares as Us Bancorp Del (USB)’s stock declined 6.89%. The Ray Gerald L & Associates Ltd holds 14,463 shares with $751,000 value, up from 4,917 last quarter. Us Bancorp Del now has $91.87B valuation. The stock increased 0.84% or $0.46 during the last trading session, reaching $55.36. About 4.37 million shares traded. U.S. Bancorp (NYSE:USB) has risen 23.07% since December 10, 2016 and is uptrending. It has outperformed by 6.37% the S&P500.

Among 8 analysts covering Ardmore Shipping Corporation (NYSE:ASC), 6 have Buy rating, 0 Sell and 2 Hold. Therefore 75% are positive. Ardmore Shipping Corporation had 18 analyst reports since October 29, 2015 according to SRatingsIntel. The rating was downgraded by Morgan Stanley on Thursday, August 25 to “Equal-Weight”. Jefferies maintained Ardmore Shipping Corporation (NYSE:ASC) rating on Monday, July 3. Jefferies has “Buy” rating and $1000 target. The stock of Ardmore Shipping Corporation (NYSE:ASC) has “Buy” rating given on Friday, July 7 by Stifel Nicolaus. The stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Buy” rating by Stifel Nicolaus on Monday, August 28. The stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Equal-Weight” rating by Morgan Stanley on Thursday, November 2. The stock of Ardmore Shipping Corporation (NYSE:ASC) earned “Buy” rating by Jefferies on Wednesday, July 27. The rating was initiated by Deutsche Bank on Tuesday, December 15 with “Buy”. Jefferies maintained Ardmore Shipping Corporation (NYSE:ASC) on Monday, September 11 with “Buy” rating. The company was maintained on Tuesday, May 30 by Jefferies. Jefferies maintained Ardmore Shipping Corporation (NYSE:ASC) rating on Monday, August 7. Jefferies has “Buy” rating and $1000 target.

Private Management Group Inc decreased Valero Energy Corp New (NYSE:VLO) stake by 5,442 shares to 826,949 valued at $55.79M in 2017Q2. It also reduced Redwood Tr Inc (NYSE:RWT) stake by 368,596 shares and now owns 1.27M shares. Resolute Fst Prods Inc (NYSE:RFP) was reduced too.

Ray Gerald L & Associates Ltd decreased Devon Energy Corp New (NYSE:DVN) stake by 9,700 shares to 8,577 valued at $274,000 in 2017Q2. It also reduced General Electric Co (NYSE:GE) stake by 46,339 shares and now owns 316,504 shares. Pfizer Inc (NYSE:PFE) was reduced too.

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