Ingredion Inc (NYSE:INGR).
Snow Capital Management LP reports that it bought 1,381 shares in quarter ending 09/30/2017 increasing its stake in Ingredion Inc (INGR) by 0.4%. Its stake was worth $44,043,000 an increase of $686,000 according to the filing.
Here are a few institutional investors who have updated their positions. Tredje Ap-fonden expanded its ownership by buying 2,450 shares an increase of 19.6%. Tredje Ap-fonden controls 14,930 shares with a value of $1,810,000. The total value of its holdings increased 21.2%. As of the end of the quarter Great Lakes Advisors, LLC had acquired a total of 7,011 shares growing its stake by 10.6%. The value of the total investment in Ingredion Inc increased from $7,890,000 to $8,831,000 a change of $941,000 since the last quarter.
Raymond James & Associates trimmed its stake by selling 7,612 shares a decrease of 8.9% from 06/30/2017 to 09/30/2017. Raymond James & Associates now controls 77,583 shares worth $9,360,000. The value of the position overall is down by 7.8%.
On November 2 Credit Suisse Group made no change to the company rating of “Outperform” projecting a price of $145.00. Jefferies Group LLC updated its forecast on INGR and giving a rating of “Buy” and setting a price target of $145.00.
September 29 investment analysts at BMO Capital Markets left the stock rating at “Hold” targeting a price of $125.00.
In the market the company is trading up by 2.28% since yesterday’s close of 130.63. Ingredion Inc’s P/E ratio is 19.12 and the market value is 9.58B. As of the latest earnings report the EPS was $6.99 with 71.85M shares presently outstanding.
Investors are feeling more bearish on shares of the company of late if you evaluate the motion in short interest. The company recorded a rise in short interest between October 13, 2017 and October 31, 2017 of 5.75%. Short interest increased from 1,197,086 to 1,265,894 over that period. With short interest at 1,265,894 and short average daily volume at 248,547, days to cover is 5.0 and the percentage of shorted shares was 0.02% on October 31.