Kornitzer Capital Management INC Holding in Clorox Co (CLX) Has Upped as Market Valuation Declined

June 22, 2018 - By Migdalia James

The Clorox Company (NYSE:CLX) LogoInvestors sentiment decreased to 0.85 in 2018 Q1. Its down 0.22, from 1.07 in 2017Q4. It worsened, as 57 investors sold CLX shares while 264 reduced holdings. 68 funds opened positions while 206 raised stakes. 93.60 million shares or 0.62% more from 93.02 million shares in 2017Q4 were reported. Natixis Advsr LP has invested 0.09% in The Clorox Company (NYSE:CLX). Virginia-based Vnbtrust Association has invested 0.14% in The Clorox Company (NYSE:CLX). Patten Gru reported 120 shares or 0.01% of all its holdings. Moreover, First Quadrant Ltd Partnership Ca has 0.27% invested in The Clorox Company (NYSE:CLX) for 104,737 shares. Qci Asset Mngmt Ny reported 780 shares. Naples Advsr Lc invested 0.38% of its portfolio in The Clorox Company (NYSE:CLX). 3,764 are held by Advisor Ptnrs Ltd Limited Liability Company. Berkshire Asset Llc Pa has invested 0.03% in The Clorox Company (NYSE:CLX). Duncker Streett Com Inc owns 2,000 shares. Veritable LP owns 6,237 shares. Fmr Ltd Company stated it has 0% in The Clorox Company (NYSE:CLX). Williams Jones & Associates Ltd Company, New York-based fund reported 2,291 shares. Regions Finance Corp holds 188,007 shares or 0.28% of its portfolio. Finemark Financial Bank And Tru holds 0.03% or 3,438 shares in its portfolio. Cleararc Incorporated stated it has 0.07% of its portfolio in The Clorox Company (NYSE:CLX).

Kornitzer Capital Management Inc increased its stake in Clorox Co (CLX) by 17.91% based on its latest 2018Q1 regulatory filing with the SEC. Kornitzer Capital Management Inc bought 67,545 shares as the company’s stock declined 6.80% with the market. The institutional investor held 444,655 shares of the specialty chemicals company at the end of 2018Q1, valued at $59.19M, up from 377,110 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Clorox Co for a number of months, seems to be bullish on the $16.70 billion market cap company. The stock increased 1.59% or $2.02 during the last trading session, reaching $128.97. About 458,757 shares traded. The Clorox Company (NYSE:CLX) has declined 9.29% since June 22, 2017 and is downtrending. It has underperformed by 21.86% the S&P500.

Kornitzer Capital Management Inc, which manages about $11.35 billion and $5.84B US Long portfolio, decreased its stake in Five9 Inc (NASDAQ:FIVN) by 214,675 shares to 331,104 shares, valued at $9.86 million in 2018Q1, according to the filing. It also reduced its holding in Healthequity Inc (NASDAQ:HQY) by 51,605 shares in the quarter, leaving it with 227,545 shares, and cut its stake in Align Technology Inc (NASDAQ:ALGN).

More important recent The Clorox Company (NYSE:CLX) news were published by: Seekingalpha.com which released: “Clorox Can Weather Inflation” on June 18, 2018, also Fool.com published article titled: “Can Clorox’s Steady Appetite for M&A Deliver Long-Term Growth?”, Seekingalpha.com published: “Jane’s May Dividend Income Tracker – Retirement Accounts” on June 19, 2018. More interesting news about The Clorox Company (NYSE:CLX) was released by: Fool.com and their article: “Clorox Stock and Its 41-Year Track Record of Dividend Growth” with publication date: June 15, 2018.

The Clorox Company (NYSE:CLX) Ratings Coverage

Among 9 analysts covering Clorox (NYSE:CLX), 1 have Buy rating, 1 Sell and 7 Hold. Therefore 11% are positive. Clorox had 16 analyst reports since January 4, 2018 according to SRatingsIntel. The stock of The Clorox Company (NYSE:CLX) has “Neutral” rating given on Monday, February 5 by Bank of America. The firm has “Hold” rating given on Thursday, February 8 by Argus Research. As per Monday, February 5, the company rating was maintained by RBC Capital Markets. JP Morgan maintained The Clorox Company (NYSE:CLX) rating on Tuesday, March 13. JP Morgan has “Neutral” rating and $138 target. The rating was maintained by Morgan Stanley on Monday, February 5 with “Equal-Weight”. Citigroup maintained the shares of CLX in report on Friday, May 4 with “Neutral” rating. The stock of The Clorox Company (NYSE:CLX) earned “Hold” rating by Wells Fargo on Thursday, January 4. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, April 5 report. Wells Fargo maintained the shares of CLX in report on Thursday, April 19 with “Hold” rating. BMO Capital Markets maintained the shares of CLX in report on Monday, February 5 with “Buy” rating.

The Clorox Company (NYSE:CLX) Institutional Positions Chart

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