Dollar Gen Corp New (DG) Holder Scharf Investments LLC Boosted Stake by $53.36 Million as Shares Declined

December 7, 2017 - By Stephen Andrade

Investors sentiment increased to 0.98 in Q2 2017. Its up 0.03, from 0.95 in 2017Q1. It increased, as 62 investors sold DG shares while 193 reduced holdings. 71 funds opened positions while 178 raised stakes. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Sei Invs holds 248,950 shares or 0.07% of its portfolio. Next Gp reported 837 shares. Swiss State Bank reported 1.01 million shares stake. Illinois-based Tyvor Limited Co has invested 7.69% in Dollar General Corporation (NYSE:DG). Moreover, Denver Inv Advisors Limited Liability Company has 0.08% invested in Dollar General Corporation (NYSE:DG). Waddell & Reed Fincl has 585,005 shares for 0.09% of their portfolio. Semper Augustus Invs Ltd Liability holds 58,492 shares. Tru Inv Advisors has 14,875 shares for 1.15% of their portfolio. 3,814 are held by Massmutual Tru Company Fsb Adv. 452,539 were accumulated by Rhumbline Advisers. Glob X Management Limited Liability Corporation holds 0% or 1,227 shares in its portfolio. Ubs Asset Americas holds 0% or 845,649 shares in its portfolio. Jane Street Grp Limited Co reported 87,948 shares. Arga Investment Management Lp holds 0.17% of its portfolio in Dollar General Corporation (NYSE:DG) for 17,000 shares. Alliancebernstein LP has invested 0.11% in Dollar General Corporation (NYSE:DG).

Scharf Investments Llc increased its stake in Dollar Gen Corp New (DG) by 36.97% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc bought 741,049 shares as the company’s stock declined 7.36% while stock markets rallied. The institutional investor held 2.75 million shares of the department and specialty retail stores company at the end of 2017Q2, valued at $197.92M, up from 2.00 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Dollar Gen Corp New for a number of months, seems to be bullish on the $25.51 billion market cap company. The stock increased 2.77% or $2.52 during the last trading session, reaching $93.37. About 6.47M shares traded or 159.14% up from the average. Dollar General Corporation (NYSE:DG) has declined 12.26% since December 7, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, decreased its stake in Spdr S&P 500 Etf Tr (SPY) by 18,394 shares to 26,354 shares, valued at $6.37 million in 2017Q2, according to the filing. It also reduced its holding in Cognizant Technology Solutio (NASDAQ:CTSH) by 227,000 shares in the quarter, leaving it with 2.68 million shares, and cut its stake in Motorola Solutions Inc (NYSE:MSI).

More notable recent Dollar General Corporation (NYSE:DG) news were published by: Wsj.com which released: “How Dollar General Became Rural America’s Store of Choice” on December 04, 2017, also Nasdaq.com with their article: “Dollar General (DG) Earnings & Sales Beat Estimates in Q3” published on December 07, 2017, Nasdaq.com published: “January 2018 Options Now Available For Dollar General (DG)” on December 07, 2017. More interesting news about Dollar General Corporation (NYSE:DG) were released by: Seekingalpha.com and their article: “Dollar General Addresses A Pain Point In Rural America” published on December 06, 2017 as well as Nasdaq.com‘s news article titled: “Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through …” with publication date: December 07, 2017.

Dollar General Corporation (NYSE:DG) Ratings Coverage

Among 29 analysts covering Dollar General Corp. (NYSE:DG), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Dollar General Corp. had 92 analyst reports since August 13, 2015 according to SRatingsIntel. Johnson Rice downgraded Dollar General Corporation (NYSE:DG) on Friday, August 26 to “Accumulate” rating. The firm has “Hold” rating given on Monday, August 15 by Jefferies. RBC Capital Markets maintained Dollar General Corporation (NYSE:DG) rating on Monday, October 9. RBC Capital Markets has “Buy” rating and $85.0 target. The stock of Dollar General Corporation (NYSE:DG) has “Neutral” rating given on Wednesday, October 21 by Bank of America. Bank of America upgraded Dollar General Corporation (NYSE:DG) rating on Wednesday, May 4. Bank of America has “Buy” rating and $100 target. The rating was downgraded by Telsey Advisory Group to “Market Perform” on Friday, August 26. Credit Suisse downgraded Dollar General Corporation (NYSE:DG) rating on Thursday, August 25. Credit Suisse has “Neutral” rating and $80 target. The firm has “Reduce” rating by Gordon Haskett given on Tuesday, May 9. The stock of Dollar General Corporation (NYSE:DG) earned “Neutral” rating by Goldman Sachs on Tuesday, September 6. The stock has “Neutral” rating by Atlantic Securities on Wednesday, August 31.

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