Sasco Capital Has Decreased Owens Corning (OC) Position By $15.03 Million; Plumas Bancorp Has 1.43 Sentiment

August 12, 2018 - By Richard Slagle

Owens Corning (NYSE:OC) Logo

Plumas Bancorp (PLBC) investors sentiment decreased to 1.43 in 2018 Q1. It’s down -0.77, from 2.2 in 2017Q4. The ratio dropped, as 10 institutional investors opened new or increased positions, while 7 decreased and sold equity positions in Plumas Bancorp. The institutional investors in our database now hold: 454,263 shares, up from 409,005 shares in 2017Q4. Also, the number of institutional investors holding Plumas Bancorp in top ten positions was flat from 0 to 0 for the same number . Sold All: 1 Reduced: 6 Increased: 5 New Position: 5.

Sasco Capital Inc decreased Owens Corning (OC) stake by 20.71% reported in 2018Q1 SEC filing. Sasco Capital Inc sold 187,870 shares as Owens Corning (OC)’s stock declined 24.68%. The Sasco Capital Inc holds 719,333 shares with $57.83M value, down from 907,203 last quarter. Owens Corning now has $6.49B valuation. The stock decreased 3.06% or $1.85 during the last trading session, reaching $58.51. About 2.44M shares traded or 19.50% up from the average. Owens Corning (NYSE:OC) has risen 4.15% since August 12, 2017 and is uptrending. It has underperformed by 8.42% the S&P500. Some Historical OC News: 22/03/2018 – Texas Emissions: 280838 – OWENS CORNING INSULATING SYSTEMS WAXAHACHIE PLANT; 06/04/2018 – Morgan Stanley: James Owens Isn’t Standing for Re-Election to Board; 16/04/2018 – Texas Emissions: 282223 – OWENS BROCKWAY GLASS CONTAINER; 08/03/2018 – Rep. LaHood: Senate Passes LaHood Bill to Honor Fallen Navy SEAL Ryan Owens; 25/04/2018 – OWENS CORNING – EXPECTS AN ENVIRONMENT IN 2018 CONSISTENT WITH CONSENSUS EXPECTATIONS FOR U.S. HOUSING STARTS AND GLOBAL INDUSTRIAL PRODUCTION GROWTH; 08/04/2018 – Rugby-Owens says Folau ‘hell’ comments could tip teenagers ‘over the edge’; 07/03/2018 – DEKRA Announces 2018 Safety In Action™ Icons Award Recipients; Winners From Shell Oil, Owens Corning & BASF Corporation; 25/04/2018 – Owens Corning 1Q EPS 82c; 24/03/2018 – Texas Emissions: 280752 – OWENS CORNING ROOFING AND ASPHALT IRVING FACILITY; 25/04/2018 – OWENS CORNING 1Q ADJ EPS 80C, EST. 96C

Since March 13, 2018, it had 0 insider purchases, and 2 insider sales for $4.93 million activity. Genis Arnaud also sold $4.84M worth of Owens Corning (NYSE:OC) on Wednesday, March 14. 1,100 shares were sold by Harter Ava, worth $92,400.

Among 12 analysts covering Owens Corning (NYSE:OC), 5 have Buy rating, 0 Sell and 7 Hold. Therefore 42% are positive. Owens Corning had 15 analyst reports since February 22, 2018 according to SRatingsIntel. Wells Fargo maintained Owens Corning (NYSE:OC) on Thursday, April 26 with “Buy” rating. The company was maintained on Thursday, April 26 by KeyBanc Capital Markets. On Monday, May 14 the stock rating was downgraded by Wells Fargo to “Hold”. On Thursday, April 26 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The firm has “Neutral” rating by Bank of America given on Thursday, July 26. As per Tuesday, June 19, the company rating was upgraded by Zelman. The company was downgraded on Wednesday, April 4 by Goldman Sachs. RBC Capital Markets downgraded the stock to “Outperform” rating in Monday, April 30 report. Nomura maintained it with “Buy” rating and $93 target in Tuesday, May 1 report. Citigroup initiated Owens Corning (NYSE:OC) rating on Tuesday, June 19. Citigroup has “Hold” rating and $7300 target.

Analysts await Owens Corning (NYSE:OC) to report earnings on October, 24. They expect $1.71 earnings per share, up 36.80% or $0.46 from last year’s $1.25 per share. OC’s profit will be $189.68 million for 8.55 P/E if the $1.71 EPS becomes a reality. After $1.17 actual earnings per share reported by Owens Corning for the previous quarter, Wall Street now forecasts 46.15% EPS growth.

More recent Owens Corning (NYSE:OC) news were published by: Seekingalpha.com which released: “Owens Corning down 9% on Q2 miss” on July 25, 2018. Also Seekingalpha.com published the news titled: “Owens Corning 2018 Q2 – Results – Earnings Call Slides” on July 25, 2018. Fool.com‘s news article titled: “Why Tupperware Brands, Lithia Motors, and Owens Corning Slumped Today” with publication date: July 25, 2018 was also an interesting one.

Investors sentiment decreased to 0.99 in Q1 2018. Its down 0.08, from 1.07 in 2017Q4. It dropped, as 43 investors sold OC shares while 141 reduced holdings. 64 funds opened positions while 118 raised stakes. 97.45 million shares or 1.86% less from 99.29 million shares in 2017Q4 were reported. Sg Americas Secs Lc stated it has 0% of its portfolio in Owens Corning (NYSE:OC). Natl Bank Of Montreal Can invested in 0.22% or 3.09M shares. Citigroup Incorporated reported 0% of its portfolio in Owens Corning (NYSE:OC). Deutsche Bankshares Ag has invested 0.02% of its portfolio in Owens Corning (NYSE:OC). The Idaho-based Caprock Grp has invested 0.12% in Owens Corning (NYSE:OC). Capital Fund Mngmt holds 428,487 shares. Sasco Ct owns 719,333 shares. 14,552 were accumulated by Cipher Limited Partnership. Amalgamated Savings Bank reported 21,086 shares or 0.04% of all its holdings. 161,361 are held by Asset Mgmt One. The New York-based Neuberger Berman Grp Incorporated Limited Com has invested 0% in Owens Corning (NYSE:OC). Bluemountain Capital Mngmt Limited Liability Company invested 0.22% of its portfolio in Owens Corning (NYSE:OC). Cambridge Invest Rech Advsr Incorporated invested 0.01% of its portfolio in Owens Corning (NYSE:OC). Victory Cap Incorporated, Ohio-based fund reported 1.98M shares. Public Employees Retirement Systems Of Ohio holds 0.02% of its portfolio in Owens Corning (NYSE:OC) for 47,944 shares.

Plumas Bancorp operates as the holding firm for the Plumas Bank that provides various banking services and products in Northeastern California and Northwestern Nevada. The company has market cap of $141.71 million. The firm offers various deposit products, such as checking, interest-bearing checking, business sweep, public funds sweep, savings, time deposits, and retirement accounts. It has a 13.97 P/E ratio. The Company’s loan portfolio comprises consumer, home equity, and automobile loans; real estate loans, and commercial and industrial term loans; government-guaranteed and agricultural loans; land development and construction loans; and credit lines.

Since January 1, 0001, it had 1 insider purchase, and 1 insider sale for $31,145 activity.

The stock decreased 1.13% or $0.3157 during the last trading session, reaching $27.6843. About 251 shares traded. Plumas Bancorp (PLBC) has risen 53.70% since August 12, 2017 and is uptrending. It has outperformed by 41.13% the S&P500. Some Historical PLBC News: 22/05/2018 – Plumas Bank Agrees to Purchase Carson City, Nevada Branch from Mutual of Omaha Bank; 17/04/2018 – Plumas Bancorp 1Q EPS 63c; 19/04/2018 – Plumas Bancorp Declares Dividend Increase; 17/04/2018 – Plumas Bancorp 1Q Net $3.3M; 07/05/2018 – MACDONALD JOINS PLUMAS BANK AS VICE PRESIDENT, AG/COMMERCIAL LOAN EXPERT; 17/04/2018 – PLUMAS BANCORP PLBC.O QUARTERLY SHR $0.63; 07/05/2018 – Macdonald Joins Plumas Bank as Vice Pres, Ag/Commercial Loan Expert; 22/05/2018 – PLUMAS BANK TO BUY CARSON CITY, NV BRANCH FROM MUTUAL OF OMAHA; 10/04/2018 – Plumas Bank Promotes Boigon to Executive Vice President, Chief Information Officer; 14/03/2018 Plumas Bancorp Ranked 5th Best Performing Community Bank in the Nation

Another recent and important Plumas Bancorp (NASDAQ:PLBC) news was published by Globenewswire.com which published an article titled: “Plumas Bancorp Reports Record Earnings” on July 17, 2018.

Zpr Investment Management holds 3.16% of its portfolio in Plumas Bancorp for 87,915 shares. Maltese Capital Management Llc owns 75,000 shares or 0.13% of their US portfolio. Moreover, Tci Wealth Advisors Inc. has 0.04% invested in the company for 3,497 shares. The California-based Clenar Muke Llc has invested 0.01% in the stock. Hanson Mcclain Inc., a California-based fund reported 3,349 shares.

Plumas Bancorp (NASDAQ:PLBC) Institutional Positions Chart

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