Mgp Ingredients INC New (MGPI) Shares Rose While Raymond James Financial Services Advisors INC Upped by $5.07 Million Its Stake

December 7, 2017 - By Richard Conner

Investors sentiment decreased to 0.93 in 2017 Q2. Its down 0.35, from 1.28 in 2017Q1. It worsened, as 24 investors sold MGPI shares while 30 reduced holdings. 7 funds opened positions while 43 raised stakes. 16.10 million shares or 1.62% more from 15.85 million shares in 2017Q1 were reported. Skylands Cap Ltd reported 9,000 shares or 0.06% of all its holdings. Pennsylvania-based Conestoga Cap Advsrs Lc has invested 1.99% in MGP Ingredients, Inc. (NASDAQ:MGPI). 5,235 are held by Royal Commercial Bank Of Canada. Stephens Investment Management Ltd accumulated 695,380 shares. Next Financial, a Texas-based fund reported 100 shares. 7,409 were accumulated by Barclays Public Limited Company. Deutsche Bancshares Ag reported 0% of its portfolio in MGP Ingredients, Inc. (NASDAQ:MGPI). Lord Abbett Communications Ltd Limited Liability Company invested in 0.02% or 135,585 shares. Bancorp Of America Corporation De owns 10,141 shares. Glenmede Na, Pennsylvania-based fund reported 925 shares. Raymond James Fincl Advsrs Inc owns 4.49M shares or 1.59% of their US portfolio. The Kansas-based Waddell & Reed Fincl has invested 0.01% in MGP Ingredients, Inc. (NASDAQ:MGPI). Diker Mgmt Ltd holds 2.04% or 90,000 shares. Schwab Charles Investment Management has 62,828 shares for 0% of their portfolio. Tower Research Capital Ltd Liability Corporation (Trc) reported 27 shares.

Since June 14, 2017, it had 1 buying transaction, and 0 selling transactions for $15,033 activity.

Raymond James Financial Services Advisors Inc increased its stake in Mgp Ingredients Inc New (MGPI) by 2.27% based on its latest 2017Q2 regulatory filing with the SEC. Raymond James Financial Services Advisors Inc bought 99,372 shares as the company’s stock rose 22.02% with the market. The institutional investor held 4.49 million shares of the consumer non-durables company at the end of 2017Q2, valued at $229.57M, up from 4.39M at the end of the previous reported quarter. Raymond James Financial Services Advisors Inc who had been investing in Mgp Ingredients Inc New for a number of months, seems to be bullish on the $1.24B market cap company. The stock decreased 0.63% or $0.47 during the last trading session, reaching $74.28. About 83,497 shares traded. MGP Ingredients, Inc. (NASDAQ:MGPI) has risen 102.52% since December 7, 2016 and is uptrending. It has outperformed by 85.82% the S&P500.

Raymond James Financial Services Advisors Inc, which manages about $52.09 billion and $14.46B US Long portfolio, decreased its stake in Ishares Tr (IWM) by 48,080 shares to 429,437 shares, valued at $60.52 million in 2017Q2, according to the filing. It also reduced its holding in Ishares Tr (SHY) by 98,729 shares in the quarter, leaving it with 222,130 shares, and cut its stake in Powershares Etf Tr Ii (XSLV).

More important recent MGP Ingredients, Inc. (NASDAQ:MGPI) news were published by: Seekingalpha.com which released: “MGP Ingredients’ (MGPI) CEO Gus Griffin on Q3 2017 Results – Earnings Call …” on November 02, 2017, also Globenewswire.com published article titled: “MGP Ingredients Schedules Third Quarter 2017 Conference Call/Webcast for …”, Nasdaq.com published: “Granite Investment Partners, LLC Buys Marcus & Millichap Inc, MGP Ingredients …” on November 09, 2017. More interesting news about MGP Ingredients, Inc. (NASDAQ:MGPI) was released by: Seekingalpha.com and their article: “MGP Ingredients – Wait For The Call?” with publication date: October 26, 2017.

MGP Ingredients, Inc. (NASDAQ:MGPI) Ratings Coverage

Among 3 analysts covering MGP Ingredients (NASDAQ:MGPI), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. MGP Ingredients had 3 analyst reports since May 25, 2016 according to SRatingsIntel. The rating was initiated by Sidoti on Wednesday, February 1 with “Buy”. Craig Hallum initiated the stock with “Buy” rating in Wednesday, May 25 report.

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