Barnes Group INC (B) Shareholder Elk Creek Partners LLC Has Lowered Its Position by $10.86 Million as Market Valuation Rose

February 12, 2018 - By Vivian Currie

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.13, from 1.12 in 2017Q2. It increased, as 13 investors sold B shares while 74 reduced holdings. 42 funds opened positions while 67 raised stakes. 45.71 million shares or 1.16% more from 45.18 million shares in 2017Q2 were reported. Utd Capital Finance Advisers Ltd Com holds 0% in Barnes Group Inc. (NYSE:B) or 5,191 shares. Cortina Asset Mgmt Ltd Co reported 0.15% of its portfolio in Barnes Group Inc. (NYSE:B). Moreover, Texas Permanent School Fund has 0.03% invested in Barnes Group Inc. (NYSE:B). Zacks Mgmt owns 42,438 shares. First Limited Partnership accumulated 84,590 shares or 0.02% of the stock. 24,655 were reported by Keybank Association Oh. James Inv Research invested in 30,400 shares or 0.07% of the stock. Qs Invsts Lc accumulated 0% or 6 shares. Raymond James & reported 4,962 shares. Moors & Cabot Inc reported 0.04% of its portfolio in Barnes Group Inc. (NYSE:B). Asset Management Inc has invested 0.05% in Barnes Group Inc. (NYSE:B). Ameriprise Fincl Inc reported 1.00M shares. Brinker Inc owns 7,901 shares or 0.02% of their US portfolio. Elk Creek Prtn Ltd Liability stated it has 0.71% of its portfolio in Barnes Group Inc. (NYSE:B). Metropolitan Life Com Ny reported 33,774 shares.

Since August 22, 2017, it had 0 insider buys, and 1 sale for $46,221 activity.

Elk Creek Partners Llc decreased its stake in Barnes Group Inc (B) by 49.19% based on its latest 2017Q3 regulatory filing with the SEC. Elk Creek Partners Llc sold 155,187 shares as the company’s stock rose 8.42% with the market. The institutional investor held 160,320 shares of the capital goods company at the end of 2017Q3, valued at $11.29M, down from 315,507 at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Barnes Group Inc for a number of months, seems to be less bullish one the $3.26B market cap company. The stock increased 1.54% or $0.92 during the last trading session, reaching $60.72. About 145,767 shares traded. Barnes Group Inc. (NYSE:B) has risen 67.01% since February 12, 2017 and is uptrending. It has outperformed by 50.31% the S&P500.

Elk Creek Partners Llc, which manages about $800.79 million and $1.59B US Long portfolio, upped its stake in Nuvasive Inc (NASDAQ:NUVA) by 102,214 shares to 167,503 shares, valued at $9.29M in 2017Q3, according to the filing. It also increased its holding in Echo Global Logistics Inc (NASDAQ:ECHO) by 207,557 shares in the quarter, for a total of 620,013 shares, and has risen its stake in Sarepta Therapeutics Inc (NASDAQ:SRPT).

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on February, 16 before the open. They expect $0.68 EPS, up 1.49 % or $0.01 from last year’s $0.67 per share. B’s profit will be $36.45M for 22.32 P/E if the $0.68 EPS becomes a reality. After $0.66 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts 3.03 % EPS growth.

More news for Barnes Group Inc. (NYSE:B) were recently published by: Seekingalpha.com, which released: “Barnes: The Market Is Not Just About Big Companies” on February 05, 2018. Businesswire.com‘s article titled: “Barnes Aerospace to Expand Manufacturing Capabilities in Singapore” and published on February 05, 2018 is yet another important article.

Barnes Group Inc. (NYSE:B) Ratings Coverage

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group had 23 analyst reports since July 28, 2015 according to SRatingsIntel. As per Friday, September 8, the company rating was maintained by Deutsche Bank. The stock has “Buy” rating by Deutsche Bank on Monday, December 5. Oppenheimer upgraded the shares of B in report on Friday, August 7 to “Outperform” rating. As per Friday, October 27, the company rating was maintained by Robert W. Baird. The firm has “Neutral” rating given on Monday, October 19 by Buckingham Research. As per Tuesday, January 12, the company rating was upgraded by Sidoti. The stock of Barnes Group Inc. (NYSE:B) earned “Neutral” rating by DA Davidson on Friday, December 11. The firm earned “Buy” rating on Wednesday, June 7 by Jefferies. As per Monday, January 8, the company rating was maintained by SunTrust. Deutsche Bank upgraded the stock to “Buy” rating in Thursday, April 7 report.

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