As Middleby Corp (MIDD) Stock Price Declined, Holder Oak Ridge Investments LLC Decreased Its Stake

September 17, 2017 - By Kurt Siggers

Investors sentiment increased to 1.11 in Q4 2016. Its up 0.02, from 1.09 in 2016Q3. It is positive, as 38 investors sold MIDD shares while 114 reduced holdings. 60 funds opened positions while 109 raised stakes. 52.22 million shares or 3.92% more from 50.25 million shares in 2016Q3 were reported. Tci Wealth Inc owns 59 shares for 0% of their portfolio. Citigroup reported 0% of its portfolio in Middleby Corp (NASDAQ:MIDD). Amp Capital Investors accumulated 0.01% or 15,134 shares. Geode Capital Management Ltd Llc owns 420,970 shares. Connors Investor Ser has invested 1.02% in Middleby Corp (NASDAQ:MIDD). South Texas Money Mgmt accumulated 128,089 shares. 103,837 were accumulated by Boston Family Office Ltd. Voloridge Investment Mgmt Limited Company invested in 75,990 shares or 0.21% of the stock. Alta Capital Mgmt Ltd Liability Co holds 3.33% of its portfolio in Middleby Corp (NASDAQ:MIDD) for 360,464 shares. Blackrock Inv Management Ltd Limited Liability Company holds 34,449 shares or 0.01% of its portfolio. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mgmt Corporation has invested 0.03% in Middleby Corp (NASDAQ:MIDD). State Of Wisconsin Invest Board has invested 0.02% in Middleby Corp (NASDAQ:MIDD). Suncoast Equity Mgmt owns 4.28% invested in Middleby Corp (NASDAQ:MIDD) for 104,359 shares. Lpl Ltd Liability Corp reported 2,289 shares stake. Eqis Capital Mngmt owns 9,576 shares.

Since May 26, 2017, it had 0 insider purchases, and 1 insider sale for $513,200 activity.

Oak Ridge Investments Llc decreased its stake in Middleby Corp (MIDD) by 12.55% based on its latest 2016Q4 regulatory filing with the SEC. Oak Ridge Investments Llc sold 121,482 shares as the company’s stock declined 6.89% while stock markets rallied. The institutional investor held 846,413 shares of the industrial machinery and components company at the end of 2016Q4, valued at $109.03M, down from 967,895 at the end of the previous reported quarter. Oak Ridge Investments Llc who had been investing in Middleby Corp for a number of months, seems to be less bullish one the $6.94 billion market cap company. The stock decreased 0.15% or $0.18 on September 15, reaching $120.42. About 331,135 shares traded. Middleby Corp (NASDAQ:MIDD) has risen 8.18% since September 17, 2016 and is uptrending. It has underperformed by 8.52% the S&P500.

Oak Ridge Investments Llc, which manages about $4.04 billion and $3.09B US Long portfolio, upped its stake in Intercontinental Exchange Inc (NYSE:ICE) by 147,300 shares to 204,054 shares, valued at $11.51M in 2016Q4, according to the filing. It also increased its holding in Five Below (NASDAQ:FIVE) by 467,894 shares in the quarter, for a total of 1.24M shares, and has risen its stake in Criteo Sa (NASDAQ:CRTO).

Investors wait Middleby Corp (NASDAQ:MIDD) to report on November, 14. its quarterly earnings Wall Street analysts expect $1.43 EPS, up $0.09 or 6.72 % from last year’s $1.34 same quarter earnings. This translates into $82.41M profit for MIDD giving the stock a 21.05 P/E. This is assuming the current $1.43 EPS is accurate. Middleby Corp’s Wall Street analysts see 2.88 % EPS growth, taking into account the $1.39 EPS reproted in the previous quarter,

More important recent Middleby Corp (NASDAQ:MIDD) news were published by: Businesswire.com which released: “The Middleby Corporation Acquires QualServ Solutions, LLC” on September 01, 2017, also Businesswire.com published article titled: “The Middleby Corporation Acquires Sveba Dahlen Group”, Seekingalpha.com published: “Middleby: Shedding The Fat And Growing Strong” on July 13, 2017. More interesting news about Middleby Corp (NASDAQ:MIDD) was released by: Seekingalpha.com and their article: “Middleby: An Attractive Opportunity” with publication date: June 07, 2017.

Middleby Corp (NASDAQ:MIDD) Ratings Coverage

Among 7 analysts covering Middleby (NASDAQ:MIDD), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Middleby has $157 highest and $123 lowest target. $138.67’s average target is 15.16% above currents $120.42 stock price. Middleby had 10 analyst reports since November 12, 2015 according to SRatingsIntel. Macquarie Research downgraded the stock to “Neutral” rating in Thursday, December 15 report. As per Thursday, August 10, the company rating was maintained by BMO Capital Markets. The firm has “Buy” rating given on Thursday, June 22 by BMO Capital Markets. BMO Capital Markets upgraded the shares of MIDD in report on Wednesday, November 18 to “Outperform” rating. The rating was maintained by TH Capital on Thursday, November 12 with “Buy”. Robert W. Baird maintained Middleby Corp (NASDAQ:MIDD) rating on Friday, August 11. Robert W. Baird has “Outperform” rating and $142 target. Roth Capital maintained Middleby Corp (NASDAQ:MIDD) rating on Thursday, November 12. Roth Capital has “Buy” rating and $130 target. On Tuesday, February 14 the stock rating was initiated by KeyBanc Capital Markets with “Overweight”. The company was initiated on Wednesday, September 7 by Deutsche Bank. Macquarie Research upgraded Middleby Corp (NASDAQ:MIDD) on Wednesday, January 13 to “Outperform” rating.

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