Clinton Group Inc Upped Avery Dennison Corp (NYSE:AVY) Position as Price Declined

May 17, 2018 - By Richard Slagle

Avery Dennison Corporation (NYSE:AVY) Corporate LogoBig Money Sentiment increased to 1.05 in 2017 Q4. It has change of 0.13, from 2017Q3’s 0.92. The ratio improved due to AVY positioning: 25 sold and 180 reduced. 79 funds bought positions and 137 increased positions. Investors holded 70.08 million in 2017Q3 but now own 69.57 million shares or 0.73% less. Department Mb State Bank N A accumulated 0% or 210 shs. Eads And Heald Investment Counsel holds 0.46% or 6,810 shs. West Oak Cap Ltd Liability Corp stated it has 1,500 shs or 0.11% of all its holdings. Moreover, Hsbc Public Limited Company has 0.02% invested in Avery Dennison Corporation (NYSE:AVY). British Columbia Inv Mngmt Corporation has 50,490 shs for 0.04% of their capital. Schroder Inv Management holds 5,205 shs or 0% of its capital. California State Teachers Retirement System reported 161,973 shs. Ellington Mngmt Limited Liability owns 0.07% invested in Avery Dennison Corporation (NYSE:AVY) for 3,800 shs. Sterling Capital Management Lc holds 0.06% or 53,093 shs in its capital. Kbc Nv holds 103,225 shs. Advisory Svcs Ntwk Lc holds 0% or 140 shs. Trustmark State Bank Tru Department accumulated 0.07% or 5,758 shs. Rmb Mngmt Ltd Limited Liability Company has 0.12% invested in Avery Dennison Corporation (NYSE:AVY). Howland Mgmt Lc has 0.12% invested in Avery Dennison Corporation (NYSE:AVY) for 12,750 shs. Shaker Invs Ltd Company Oh has 22,943 shs for 1.75% of their capital.

AVY registered $16.36 million net activity with 0 insider buys and 10 insider sales since December 12, 2017. On Tuesday, December 12 the insider BARKER PETER K sold $229,510. On Tuesday, March 27 $3.16 million worth of Avery Dennison Corporation (NYSE:AVY) was sold by SCARBOROUGH DEAN A. 7,500 shs were sold by Butier Mitchell R, worth $889,275 on Thursday, February 22. Another trade for 3,131 shs valued at $376,753 was made by Miller Susan C on Tuesday, February 27. On Thursday, February 22 $2.50 million worth of stock was sold by Hill Anne.

The holdings In Avery Dennison Corp (NYSE:AVY) owned by Clinton Group Inc was increased. According to 2018Q1 Securities and Exchange form the rise is 560.36%. Avery Dennison Corp (NYSE:AVY) declined 8.51% with the market as Clinton Group Inc bought 138,207 shares. In 2018Q1, Clinton Group Inc held 162,871 shares of Avery Dennison Corp (NYSE:AVY), valued at $17.31M, up from 24,664 last quarter. It decreased position by shares to shares, and cut its stake.

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

A total of 9 analysts rate Avery Dennison Corp (NYSE:AVY) as follows: 5 “Buy”, 4 “Hold” and 0 “Sell”. Тherefore 56% are bullish. (NYSE:AVY) has 18 ratings reports on 17 May 2018 according to StockzIntelligence. On Friday, March 16 the firm earned “Sell” rating by J.P. Morgan. The company rating was maintained by Bank of America on Thursday, February 1. On Tuesday, March 27 BMO Capital Markets initiated the shares of AVY in report with “Hold” rating. On Friday, February 2 KeyBanc Capital Markets maintained the shares of AVY in report with “Hold” rating. On Thursday, April 26 the firm has “Neutral” rating by JP Morgan given. On Thursday, February 1 J.P. Morgan downgraded Avery Dennison Corporation (NYSE:AVY) rating. J.P. Morgan has “Sell” rating and $113.0 target. On Friday, March 16 the firm has “Underweight” rating given by JP Morgan. In Monday, February 12 report JP Morgan upgraded the stock to “Neutral” rating. The stock rating was maintained by KeyBanc Capital Markets with “Hold” on Wednesday, April 25. On Thursday, February 1 the rating was downgraded by JP Morgan to “Underweight”.

Avery Dennison Corporation produces and sells pressure-sensitive materials worldwide.The firm is worth $9.50 billion. 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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