Cove Street Capital LLC Lowered Its Holding in Heritage (HCCI) as Stock Value Rose

January 20, 2018 - By Kurt Siggers

Investors sentiment increased to 2.46 in Q3 2017. Its up 0.82, from 1.64 in 2017Q2. It improved, as 5 investors sold HCCI shares while 21 reduced holdings. 33 funds opened positions while 31 raised stakes. 13.07 million shares or 7.33% more from 12.18 million shares in 2017Q2 were reported. State Common Retirement Fund holds 14,500 shares or 0% of its portfolio. Retail Bank Of America De invested in 0% or 2,174 shares. Moreover, Panagora Asset Mngmt has 0.01% invested in Heritage-Crystal Clean, Inc (NASDAQ:HCCI) for 114,376 shares. 2.00M were accumulated by Arrowmark Colorado Lc. 700,000 were reported by Central Securities. American Group holds 0% of its portfolio in Heritage-Crystal Clean, Inc (NASDAQ:HCCI) for 9,506 shares. Prelude Capital Mgmt holds 0.01% or 3,353 shares in its portfolio. Gsa Llp accumulated 20,058 shares. Citadel Ltd Company stated it has 34,716 shares. Pennsylvania-based Vanguard Group Inc Inc has invested 0% in Heritage-Crystal Clean, Inc (NASDAQ:HCCI). Martingale Asset Mngmt LP stated it has 114,538 shares or 0.03% of all its holdings. Manufacturers Life Ins The reported 0% of its portfolio in Heritage-Crystal Clean, Inc (NASDAQ:HCCI). Blair William And Il accumulated 76,366 shares or 0.01% of the stock. Deutsche Bank & Trust Ag has 124,788 shares. Sanctuary Wealth Advsrs Lc invested 0.01% of its portfolio in Heritage-Crystal Clean, Inc (NASDAQ:HCCI).

Since August 24, 2017, it had 0 insider buys, and 1 sale for $40,146 activity.

Jeffrey Bronchick decreased its stake in Heritage (HCCI) by 25.1% based on its latest 2017Q3 regulatory filing with the SEC. Cove Street Capital Llc sold 562,694 shares as the company’s stock rose 2.92% with the market. The hedge fund run by Jeffrey Bronchick held 1.68 million shares of the basic industries company at the end of 2017Q3, valued at $36.53M, down from 2.24 million at the end of the previous reported quarter. Cove Street Capital Llc who had been investing in Heritage for a number of months, seems to be less bullish one the $517.08 million market cap company. The stock decreased 1.09% or $0.25 during the last trading session, reaching $22.6. About 285,959 shares traded or 147.17% up from the average. Heritage-Crystal Clean, Inc (NASDAQ:HCCI) has risen 59.14% since January 20, 2017 and is uptrending. It has outperformed by 42.44% the S&P500.

Cove Street Capital Llc, which manages about $763.78 million and $896.45 million US Long portfolio, upped its stake in E.W. Scripps Company (NYSE:SSP) by 1.05 million shares to 2.42M shares, valued at $46.28M in 2017Q3, according to the filing. It also increased its holding in Capital Senior Living Corp (NYSE:CSU) by 1.15 million shares in the quarter, for a total of 1.30M shares, and has risen its stake in Actuant Corp Cl A (NYSE:ATU).

Analysts await Heritage-Crystal Clean, Inc (NASDAQ:HCCI) to report earnings on March, 7. They expect $0.21 EPS, up 5.00 % or $0.01 from last year’s $0.2 per share. HCCI’s profit will be $4.80 million for 26.90 P/E if the $0.21 EPS becomes a reality. After $0.15 actual EPS reported by Heritage-Crystal Clean, Inc for the previous quarter, Wall Street now forecasts 40.00 % EPS growth.

More notable recent Heritage-Crystal Clean, Inc (NASDAQ:HCCI) news were published by: Globenewswire.com which released: “Heritage-Crystal Clean, Inc. to Hold 2017 First Quarter Conference Call” on April 17, 2017, also Globenewswire.com with their article: “Heritage-Crystal Clean, Inc. to Present at the Midwest IDEAS Investor …” published on August 23, 2017, Globenewswire.com published: “Heritage-Crystal Clean, Inc. Announces 2017 Third Quarter Financial Results” on October 18, 2017. More interesting news about Heritage-Crystal Clean, Inc (NASDAQ:HCCI) were released by: Globenewswire.com and their article: “Heritage-Crystal Clean, Inc. Announces 2017 Record Second Quarter Financial …” published on July 25, 2017 as well as Globenewswire.com‘s news article titled: “Heritage-Crystal Clean, Inc. to Hold 2017 Third Quarter Conference Call” with publication date: July 11, 2017.

Heritage-Crystal Clean, Inc (NASDAQ:HCCI) Ratings Coverage

Among 4 analysts covering Heritage-Crystal Clean (NASDAQ:HCCI), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Heritage-Crystal Clean has $25.0 highest and $13 lowest target. $23.38’s average target is 3.45% above currents $22.6 stock price. Heritage-Crystal Clean had 12 analyst reports since October 16, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Wednesday, July 19. The stock of Heritage-Crystal Clean, Inc (NASDAQ:HCCI) earned “Buy” rating by Needham on Thursday, October 19. On Friday, October 20 the stock rating was maintained by Robert W. Baird with “Neutral”. Stifel Nicolaus maintained the shares of HCCI in report on Thursday, July 27 with “Buy” rating. Robert W. Baird upgraded Heritage-Crystal Clean, Inc (NASDAQ:HCCI) on Thursday, October 22 to “Outperform” rating. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 4. The company was maintained on Thursday, January 4 by Stifel Nicolaus. Needham maintained the shares of HCCI in report on Friday, October 16 with “Buy” rating. The rating was downgraded by Robert W. Baird to “Neutral” on Thursday, July 27. The firm earned “Buy” rating on Wednesday, August 30 by Needham.

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