Clinton Group Inc Buys More Avery Dennison Corp (NYSE:AVY) Shares

May 17, 2018 - By Darrel Chase

Avery Dennison Corporation (NYSE:AVY) Corporate LogoDuring 2017 Q4 the big money sentiment increased to 1.05. That’s change of 0.13, from 2017Q3’s 0.92. 25 investors sold all, 180 reduced holdings as AVY ratio improved. 137 grew stakes while 79 funds amassed stakes. Funds hold 69.57 million shares thus 0.73% less from 2017Q3’s 70.08 million shares. 278 are held by Assetmark. Strategic Advisors Limited Liability Corp reported 11,360 shs. Commonwealth Bank & Trust Of, a Australia-based fund reported 7,701 shs. Cibc holds 0.01% or 12,842 shs in its capital. Sector Pension Inv Board reported 0% stake. Amer International Group Inc reported 33,194 shs. Commerce National Bank & Trust has invested 0.03% in Avery Dennison Corporation (NYSE:AVY). Macquarie Grp Inc Ltd owns 19,140 shs. First City Cap, a Georgia-based fund reported 17,929 shs. Bnp Paribas Arbitrage invested in 60,720 shs. Ohio-based Gateway Inv Advisers Lc has invested 0.12% in Avery Dennison Corporation (NYSE:AVY). Tower Bridge Advsr has invested 0.03% of its capital in Avery Dennison Corporation (NYSE:AVY). Ct Mason holds 2% of its capital in Avery Dennison Corporation (NYSE:AVY) for 49,444 shs. Andra Ap invested 0.12% in Avery Dennison Corporation (NYSE:AVY). Advantus Cap owns 8,955 shs for 0.03% of their capital.

AVY had 10 insider sales and 0 buys since December 12, 2017. This’s net activity of $16.36 million. SCARBOROUGH DEAN A sold $3.16M worth of Avery Dennison Corporation (NYSE:AVY) on Tuesday, March 27. Anderson Anthony had sold 2,770 shs worth $325,466 on Wednesday, February 14. 7,500 Avery Dennison Corporation (NYSE:AVY) shs with value of $889,275 were sold by Butier Mitchell R. 2,000 shs valued at $229,510 were sold by BARKER PETER K on Tuesday, December 12. Miller Susan C had sold 3,131 shs worth $376,753 on Tuesday, February 27.

Based on the latest 2018Q1 regulatory filling from the SEC, Clinton Group Inc upped its stake in Avery Dennison Corp (NYSE:AVY) by 560.36%. 138,207 shares were bought by Clinton Group Inc as Avery Dennison Corp (NYSE:AVY) stock declined 8.51% with the market. Clinton Group Inc’s position was valued at $17.31 million for 162,871 shares. It’s up from 24,664 last quarter. Clinton Group Inc cut its stake in and reduced position by shares for a total of shares.

Clinton Group Inc is a New York-based hedge fund that was founded by Greg Taxin. It had more than $2.04 billion assets under management in October, 2014. This fund invests only a small percentage of its assets in equities and options. Taken from Clinton Group latest Adv, the fund reported to have 40 full and part-time employees. Among which 25 performing investment advisory and research functions. The hedge fund had between 11-25 clients.

Avery Dennison Corporation (NYSE:AVY) Ratings Coverage

Total analysts of 9 have positions in Avery Dennison Corp (NYSE:AVY) as follows: 5 rated it a “Buy”, 0 with “Sell” and 4 with “Hold”. The positive are 56%. Since December 15, 2017 according to StockzIntelligence Inc Avery Dennison Corp has 18 analyst reports. In Monday, February 12 report J.P. Morgan upgraded the stock to “Hold” rating. On Thursday, February 1 the firm earned “Underweight” rating by JP Morgan. On Thursday, February 1 the rating was maintained by Bank of America with “Buy”. On Thursday, April 26 the firm earned “Neutral” rating by JP Morgan. In Friday, March 16 report JP Morgan downgraded the stock to “Underweight” rating. On Monday, February 12 the stock of Avery Dennison Corporation (NYSE:AVY) has “Overweight” rating given by Barclays Capital. On Tuesday, March 27 the firm has “Hold” rating given by BMO Capital Markets. On Friday, March 16 the firm has “Sell” rating by J.P. Morgan given. On Friday, February 2 the stock has “Hold” rating by KeyBanc Capital Markets. On Wednesday, April 25 the company was maintained by KeyBanc Capital Markets.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide.The company has $9.50 billion market cap. The companyÂ’s Label and Graphic Materials segment offers pressure-sensitive labeling materials; packaging materials and solutions; roll-fed sleeves; engineered films; graphic imaging media; and reflective materials under the Fasson, JAC, and Avery Dennison brands.34.47 is the P/E ratio. It serves label converters, package designers, packaging engineers and manufacturers, industrial and sign manufacturers, printers, distributors, designers, advertising and government agencies, and graphics vendors.

Avery Dennison Corporation (NYSE:AVY) Institutional Investors Chart

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