Cincinnati Insurance Company Maintains Stake in American Tower Reit (AMT); Middleby (MIDD) Shareholder Callahan Advisors Trimmed Its Stake by $671,840 as Market Valuation Rose

The Middleby Corporation (NASDAQ:MIDD) Logo

Callahan Advisors Llc decreased its stake in Middleby Corp (MIDD) by 49.26% based on its latest 2018Q2 regulatory filing with the SEC. Callahan Advisors Llc sold 6,460 shares as the company’s stock rose 20.19% with the market. The institutional investor held 6,655 shares of the industrial machinery and components company at the end of 2018Q2, valued at $695,000, down from 13,115 at the end of the previous reported quarter. Callahan Advisors Llc who had been investing in Middleby Corp for a number of months, seems to be less bullish one the $6.11B market cap company. The stock decreased 2.36% or $2.64 during the last trading session, reaching $109.37. About 293,821 shares traded. The Middleby Corporation (NASDAQ:MIDD) has risen 3.46% since December 8, 2017 and is uptrending. It has underperformed by 12.16% the S&P500. Some Historical MIDD News: 03/04/2018 – Middleby Acquires For Firex Srl; 09/05/2018 – Middleby 1Q EPS $1.18; 20/04/2018 – Middleby Acquires Josper S.A; 18/05/2018 – Middleby Sees Closing Early in 3; 14/05/2018 – Edgepoint Adds Middleby, Exits Microsemi, Cuts Generac: 13F; 16/04/2018 – Middleby Acquires JoeTap, Nitro Brew Coffee Systems

Cincinnati Insurance Company increased its stake in American Tower Reit (AMT) by 14.29% based on its latest 2018Q2 regulatory filing with the SEC. Cincinnati Insurance Company bought 7,500 shares as the company’s stock rose 7.95% with the market. The institutional investor held 60,000 shares of the real estate investment trusts company at the end of 2018Q2, valued at $8.65M, up from 52,500 at the end of the previous reported quarter. Cincinnati Insurance Company who had been investing in American Tower Reit for a number of months, seems to be bullish on the $73.31 billion market cap company. The stock decreased 0.72% or $1.2 during the last trading session, reaching $166.43. About 3.36M shares traded or 64.35% up from the average. American Tower Corporation (NYSE:AMT) has risen 1.71% since December 8, 2017 and is uptrending. It has underperformed by 13.91% the S&P500.

More notable recent The Middleby Corporation (NASDAQ:MIDD) news were published by: Seekingalpha.com which released: “Middleby’s Recent Run Of Disappointments May Mark A Transition – Seeking Alpha” on May 11, 2018, also Nasdaq.com with their article: “Here’s Why You Should Buy Middleby (MIDD) Stock Right Now – Nasdaq” published on October 09, 2018, Nasdaq.com published: “Bullish Two Hundred Day Moving Average Cross – MIDD – Nasdaq” on November 08, 2018. More interesting news about The Middleby Corporation (NASDAQ:MIDD) were released by: Seekingalpha.com and their article: “The Middleby down 19% post Q1 results – Seeking Alpha” published on May 09, 2018 as well as Nasdaq.com‘s news article titled: “Middleby’s Crown Food Buyout to Boost Steam Cooking Business – Nasdaq” with publication date: December 04, 2018.

Investors sentiment decreased to 0.68 in 2018 Q2. Its down 0.09, from 0.77 in 2018Q1. It worsened, as 40 investors sold MIDD shares while 118 reduced holdings. 38 funds opened positions while 69 raised stakes. 58.74 million shares or 6.04% more from 55.39 million shares in 2018Q1 were reported. Oregon Public Employees Retirement Fund holds 0.01% or 6,541 shares. Btim has invested 0.12% in The Middleby Corporation (NASDAQ:MIDD). Tocqueville Asset Mngmt Lp reported 0.01% in The Middleby Corporation (NASDAQ:MIDD). New York State Common Retirement Fund has 0.03% invested in The Middleby Corporation (NASDAQ:MIDD) for 212,955 shares. 14,112 were reported by Whittier Tru Co. Zurcher Kantonalbank (Zurich Cantonalbank) holds 15,745 shares. State Of Wisconsin Investment Board, a Wisconsin-based fund reported 54,507 shares. Susquehanna Intll Llp holds 0% or 23,120 shares in its portfolio. Nordea Inv Mgmt Ab has invested 0.06% of its portfolio in The Middleby Corporation (NASDAQ:MIDD). Welch And Forbes holds 0.17% or 61,586 shares. Ubs Asset Mgmt Americas stated it has 151,618 shares or 0% of all its holdings. The Tennessee-based Ftb Advsr has invested 0% in The Middleby Corporation (NASDAQ:MIDD). Huntington National Bank has 194 shares for 0% of their portfolio. 240 were reported by Tower Rech Cap Lc (Trc). 21,600 are held by Andra Ap.

Among 10 analysts covering Middleby (NASDAQ:MIDD), 5 have Buy rating, 0 Sell and 5 Hold. Therefore 50% are positive. Middleby had 28 analyst reports since November 12, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Macquarie Research given on Wednesday, January 13. The rating was maintained by Robert W. Baird with “Neutral” on Thursday, August 9. The firm earned “Buy” rating on Tuesday, March 6 by BMO Capital Markets. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, August 10 report. Deutsche Bank maintained the shares of MIDD in report on Friday, November 17 with “Hold” rating. Citigroup maintained it with “Neutral” rating and $120 target in Friday, November 10 report. Deutsche Bank initiated the shares of MIDD in report on Wednesday, September 7 with “Hold” rating. The stock of The Middleby Corporation (NASDAQ:MIDD) has “Sector Weight” rating given on Monday, October 16 by KeyBanc Capital Markets. The firm has “Outperform” rating given on Wednesday, November 18 by BMO Capital Markets. The firm has “Neutral” rating given on Monday, March 5 by Citigroup.

Analysts await The Middleby Corporation (NASDAQ:MIDD) to report earnings on February, 26. They expect $1.63 earnings per share, up 10.14% or $0.15 from last year’s $1.48 per share. MIDD’s profit will be $91.03 million for 16.77 P/E if the $1.63 EPS becomes a reality. After $1.56 actual earnings per share reported by The Middleby Corporation for the previous quarter, Wall Street now forecasts 4.49% EPS growth.

Callahan Advisors Llc, which manages about $289.56 million and $507.36 million US Long portfolio, upped its stake in Caterpillar Inc (NYSE:CAT) by 5,318 shares to 16,904 shares, valued at $2.29 million in 2018Q2, according to the filing. It also increased its holding in Dominion Res Inc Va New (NYSE:D) by 11,725 shares in the quarter, for a total of 46,018 shares, and has risen its stake in Procter & Gamble Co (NYSE:PG).

More notable recent American Tower Corporation (NYSE:REIT) news were published by: Businesswire.com which released: “Spirit MTA REIT Announces Quarterly Cash Dividend and Special Dividend for Common Stock and Authorization of $50 Million Stock Repurchase Program – Business Wire” on December 05, 2018, also Globenewswire.com with their article: “Washington REIT Announces 2019 Quarterly Earnings Conference Calls – GlobeNewswire” published on December 05, 2018, Seekingalpha.com published: “Cell Tower REITs: Carriers Push Ahead On 5G – Seeking Alpha” on November 16, 2018. More interesting news about American Tower Corporation (NYSE:REIT) were released by: Seekingalpha.com and their article: “Spirit MTA REIT declares $0.33 dividend – Seeking Alpha” published on December 06, 2018 as well as Seekingalpha.com‘s news article titled: “The Chilton Retail Tracker Signals Positive For Retail REITs – Seeking Alpha” with publication date: December 05, 2018.

Investors sentiment decreased to 1.14 in 2018 Q2. Its down 0.04, from 1.18 in 2018Q1. It worsened, as 51 investors sold AMT shares while 294 reduced holdings. 84 funds opened positions while 310 raised stakes. 393.35 million shares or 0.89% more from 389.87 million shares in 2018Q1 were reported. Bartlett Commerce Limited Liability Com accumulated 133,522 shares. Northern Mgmt Lc has invested 1.14% of its portfolio in American Tower Corporation (NYSE:REIT). Fdx Advsr invested in 0.1% or 19,496 shares. The Missouri-based American Century has invested 0.45% in American Tower Corporation (NYSE:REIT). Gamble Jones Inv Counsel holds 0.4% of its portfolio in American Tower Corporation (NYSE:REIT) for 27,520 shares. Kentucky-based Cullinan has invested 0.49% in American Tower Corporation (NYSE:REIT). Lincoln National accumulated 3,748 shares. The Maine-based Vigilant Capital Mgmt Limited Liability Corporation has invested 0.02% in American Tower Corporation (NYSE:REIT). Badgley Phelps And Bell reported 64,977 shares. Mitchell Mcleod Pugh & Williams Incorporated reported 5,605 shares or 0.57% of all its holdings. Charter Communication accumulated 5,636 shares. Gateway Invest Advisers Ltd owns 22,228 shares for 0.03% of their portfolio. Cortland Advisers Limited Liability Corp invested 2.91% in American Tower Corporation (NYSE:REIT). Motco invested in 0.04% or 2,551 shares. King Luther Capital Mngmt Corp has invested 0.12% of its portfolio in American Tower Corporation (NYSE:REIT).

Cincinnati Insurance Company, which manages about $3.35 billion US Long portfolio, decreased its stake in Genuine Parts Ord (NYSE:GPC) by 25,000 shares to 404,860 shares, valued at $37.16M in 2018Q2, according to the filing.

The Middleby Corporation (NASDAQ:MIDD) Institutional Positions Chart

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