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 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

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