Levin Capital Strategies Lp Increased Farmer Bros Co (NASDAQ:FARM) Stake by $26.35 Million

August 12, 2018 - By Michele Cranor

Farmer Bros. Co. (NASDAQ:FARM) LogoInvestors sentiment increased to 1.27 in 2018 Q1. Its up 0.22, from 1.05 in 2017Q4. It is positive, as 10 investors sold FARM shares while 23 reduced holdings. 11 funds opened positions while 31 raised stakes. 9.73 million shares or 4.04% more from 9.35 million shares in 2017Q4 were reported. Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Farmer Bros. Co. (NASDAQ:FARM). 408 are held by Commercial Bank Of Montreal Can. Citigroup Inc stated it has 0% of its portfolio in Farmer Bros. Co. (NASDAQ:FARM). Moreover, Fruth Invest has 0.2% invested in Farmer Bros. Co. (NASDAQ:FARM). Schwab Charles Inv Mgmt holds 0% or 52,713 shares. Kennedy Capital Mngmt Inc reported 262,265 shares. State Bank Of America De holds 0% in Farmer Bros. Co. (NASDAQ:FARM) or 52,843 shares. Cap World stated it has 550,000 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 0% stake. Grp Inc invested 0% of its portfolio in Farmer Bros. Co. (NASDAQ:FARM). Levin Strategies Limited Partnership stated it has 198,721 shares or 0.11% of all its holdings. Thompson Siegel And Walmsley Lc reported 800 shares stake. Massachusetts-based Anchor Cap Advsrs has invested 0.07% in Farmer Bros. Co. (NASDAQ:FARM). The California-based California State Teachers Retirement Sys has invested 0% in Farmer Bros. Co. (NASDAQ:FARM). California Employees Retirement Systems has 0% invested in Farmer Bros. Co. (NASDAQ:FARM) for 16,500 shares.

Since February 13, 2018, it had 0 buys, and 6 insider sales for $3.78 million activity. The insider KEOWN MICHAEL H sold $691,098. Grossman Jeanne Farmer had sold 15,700 shares worth $523,749. 19,196 shares were sold by Waite Carol Farmer, worth $531,860.

Levin Capital Strategies Lp increased its stake in Farmer Bros Co (NASDAQ:FARM) by 441.92% based on its latest 2018Q2 regulatory filing with the SEC. Levin Capital Strategies Lp bought 878,187 shares as the company’s stock declined 15.78% with the market. The hedge fund held 1.08 million shares of the packaged foods company at the end of 2018Q2, valued at $32.90M, up from 198,721 at the end of the previous reported quarter. Levin Capital Strategies Lp who had been investing in Farmer Bros Co for a number of months, seems to be bullish on the $474.09M market cap company. The stock decreased 1.40% or $0.4 during the last trading session, reaching $28.25. About 39,993 shares traded. Farmer Bros. Co. (NASDAQ:FARM) has declined 8.64% since August 13, 2017 and is downtrending. It has underperformed by 21.21% the S&P500.

Levin Capital Strategies Lp, which manages about $8.28B and $5.80B US Long portfolio, decreased its stake in Treehouse Foods Inc (NYSE:THS) by 420,876 shares to 3.66 million shares, valued at $192.11 million in 2018Q2, according to the filing. It also reduced its holding in Microsoft Corp (NASDAQ:MSFT) by 110,033 shares in the quarter, leaving it with 433,755 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

Located in New York City, Levin Capital Strategies was founded in 2005. Usually focusing on large cap stocks, they employ a bottom up strategy to identify the investments. John A. Levin, portfolio director at Levin Capital Strategies, served as the President of BKF Capital Group and previously ran Levin Management Company. Levin Capital Strategies Lp is a New York-based hedge fund that was founded by John A. Levin. It had more than $8.28 billion assets under management in April, 2014. Taken from Levin Capital Strategies latest Adv, the fund reported to have 31 full and part-time employees. Among which 20 performing investment advisory and research functions. The hedge fund had more than 400 clients.

Farmer Bros. Co. engages in the manufacture, wholesale, and distribution of coffee, tea, and culinary products in the United States. The company has market cap of $474.09 million. The firm offers roast and ground coffee; frozen liquid coffee; flavored and unflavored iced and hot teas; culinary products, including gelatins and puddings, soup bases, dressings, gravy and sauce mixes, pancake and biscuit mixes, jellies and preserves, and coffee-related products, such as coffee filters, sugar, and creamers; spices; and other beverages comprising cappuccino, cocoa, granitas, and ready-to-drink iced coffee. It currently has negative earnings. It sells its products under the Farmer Brothers, Artisan Collection by Farmer Brothers, Superior, Metropolitan, China Mist, Direct Trade, Fair Trade Certified, Rainforest Alliance Certified, Un Momento, Collaborative Coffee, Cain's, and McGarvey brand names, as well as under various private labels.

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