Neogen Corp (NEOG) Holder Conestoga Capital Advisors LLC Has Lowered Its Position

November 10, 2018 - By Winifred Garcia

Neogen Corporation (NASDAQ:NEOG) LogoInvestors sentiment decreased to 1.17 in Q2 2018. Its down 5.54, from 6.71 in 2018Q1. It turned negative, as 9 investors sold NEOG shares while 73 reduced holdings. 30 funds opened positions while 66 raised stakes. 45.84 million shares or 49.60% less from 90.94 million shares in 2018Q1 were reported. First Advsr Lp holds 0.01% or 42,078 shares. Moreover, New England Private Wealth Advsr Limited Com has 0.54% invested in Neogen Corporation (NASDAQ:NEOG) for 24,000 shares. California Pub Employees Retirement Systems reported 120,464 shares stake. Fifth Third Fincl Bank stated it has 8,045 shares or 0% of all its holdings. Ameriprise Fincl holds 0.01% of its portfolio in Neogen Corporation (NASDAQ:NEOG) for 417,597 shares. Brown Advisory reported 0.02% stake. Tokio Marine Asset Management Ltd reported 0.09% of its portfolio in Neogen Corporation (NASDAQ:NEOG). State Board Of Administration Of Florida Retirement Sys invested in 0.01% or 38,316 shares. Bell Bankshares owns 4,443 shares. Wesbanco Fincl Bank holds 0.13% or 30,666 shares in its portfolio. New York-based Comml Bank Of Ny Mellon Corp has invested 0.01% in Neogen Corporation (NASDAQ:NEOG). Private Trust Co Na reported 58,434 shares. Bamco reported 0.21% in Neogen Corporation (NASDAQ:NEOG). Stone Ridge Asset Mngmt Ltd Co invested in 4,069 shares. 29,130 are owned by Cambridge Investment Advsrs.

Since May 16, 2018, it had 0 insider purchases, and 12 insider sales for $16.08 million activity. The insider Quinlan Steven J. sold $311,816. Shares for $1.77 million were sold by REED THOMAS H on Monday, July 30. Shares for $1.27M were sold by MORRICAL TERRI A. On Wednesday, May 16 PAPESH G BRUCE sold $435,000 worth of Neogen Corporation (NASDAQ:NEOG) or 6,000 shares.

Conestoga Capital Advisors Llc decreased its stake in Neogen Corp (NEOG) by 8.63% based on its latest 2018Q2 regulatory filing with the SEC. Conestoga Capital Advisors Llc sold 119,470 shares as the company’s stock rose 19.05% with the market. The institutional investor held 1.27 million shares of the in vitro & in vivo diagnostic substances company at the end of 2018Q2, valued at $101.45M, down from 1.38 million at the end of the previous reported quarter. Conestoga Capital Advisors Llc who had been investing in Neogen Corp for a number of months, seems to be less bullish one the $3.32 billion market cap company. The stock decreased 1.45% or $0.94 during the last trading session, reaching $63.86. About 136,382 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 77.07% since November 10, 2017 and is uptrending. It has outperformed by 61.45% the S&P500.

Conestoga Capital Advisors Llc, which manages about $1.75 billion and $3.11B US Long portfolio, upped its stake in Simpson Manufacturing Co Inc (NYSE:SSD) by 92,772 shares to 1.41M shares, valued at $87.76 million in 2018Q2, according to the filing. It also increased its holding in Omnicell Inc (NASDAQ:OMCL) by 98,515 shares in the quarter, for a total of 1.83 million shares, and has risen its stake in Chefs Whse Inc (NASDAQ:CHEF).

Analysts await Neogen Corporation (NASDAQ:NEOG) to report earnings on January, 2. They expect $0.31 earnings per share, down 6.06 % or $0.02 from last year’s $0.33 per share. NEOG’s profit will be $16.12 million for 51.50 P/E if the $0.31 EPS becomes a reality. After $0.29 actual earnings per share reported by Neogen Corporation for the previous quarter, Wall Street now forecasts 6.90 % EPS growth.

Another recent and important Neogen Corporation (NASDAQ:NEOG) news was published by Nasdaq.com which published an article titled: “Analysis: Positioning to Benefit within Neogen, KAR Auction Services, Apogee Enterprises, Microsoft, MBIA, and Crane …” on October 29, 2018.

Neogen Corporation (NASDAQ:NEOG) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>