Holder Cramer Rosenthal Mcglynn LLC Upped Tiffany & Co (TIF) Position

February 13, 2018 - By Adrian Mccoy

Cramer Rosenthal Mcglynn Llc increased its stake in Tiffany & Co (TIF) by 300.51% based on its latest 2017Q3 regulatory filing with the SEC. Cramer Rosenthal Mcglynn Llc bought 991,802 shares as the company’s stock rose 7.82% with the market. The institutional investor held 1.32 million shares of the consumer specialties company at the end of 2017Q3, valued at $121.32M, up from 330,040 at the end of the previous reported quarter. Cramer Rosenthal Mcglynn Llc who had been investing in Tiffany & Co for a number of months, seems to be bullish on the $12.55 billion market cap company. The stock increased 0.23% or $0.23 during the last trading session, reaching $100.96. About 888,467 shares traded. Tiffany & Co. (NYSE:TIF) has risen 46.84% since February 13, 2017 and is uptrending. It has outperformed by 30.14% the S&P500.

Cramer Rosenthal Mcglynn Llc, which manages about $14.64 billion and $6.26 billion US Long portfolio, decreased its stake in Microchip Technology Inc (NASDAQ:MCHP) by 35,510 shares to 1.11M shares, valued at $99.24M in 2017Q3, according to the filing. It also reduced its holding in Bank Of America Corp (NYSE:BAC) by 843,285 shares in the quarter, leaving it with 2.56 million shares, and cut its stake in Steris Plc.

More notable recent Tiffany & Co. (NYSE:TIF) news were published by: Fortune.com which released: “Now We Know What Was in That Tiffany & Co Box Melania Trump Gave to Michelle Obama” on January 31, 2018, also Cincinnati.com with their article: “Tiffany & Co. closing Downtown store, moving to Kenwood Towne Centre” published on February 06, 2018, Forbes.com published: “Tiffany & Co. Opens Pop-up Store in Los Angeles” on January 30, 2018. More interesting news about Tiffany & Co. (NYSE:TIF) were released by: Bizjournals.com and their article: “EXCLUSIVE: Kenwood Towne Centre to renovate ‘luxury entrance’ with addition of …” published on February 07, 2018 as well as Fortune.com‘s news article titled: “Tiffany & Co Had a Sterling Holiday Season but It’s Not Enough Yet” with publication date: January 17, 2018.

Tiffany & Co. (NYSE:TIF) Ratings Coverage

Among 26 analysts covering Tiffany & Co. (NYSE:TIF), 14 have Buy rating, 0 Sell and 12 Hold. Therefore 54% are positive. Tiffany & Co. had 84 analyst reports since July 29, 2015 according to SRatingsIntel. Wells Fargo upgraded Tiffany & Co. (NYSE:TIF) on Friday, January 13 to “Market Perform” rating. The firm has “Hold” rating by SBG Securities given on Thursday, November 30. The stock of Tiffany & Co. (NYSE:TIF) has “Neutral” rating given on Wednesday, January 18 by Atlantic Securities. Guggenheim initiated the shares of TIF in report on Friday, September 30 with “Buy” rating. Mizuho maintained Tiffany & Co. (NYSE:TIF) on Tuesday, January 19 with “Buy” rating. The rating was maintained by Bank of America with “Buy” on Thursday, May 11. Cowen & Co maintained the shares of TIF in report on Thursday, September 14 with “Buy” rating. The firm has “Outperform” rating by Telsey Advisory Group given on Wednesday, November 30. On Friday, May 12 the stock rating was upgraded by Goldman Sachs to “Buy”. RBC Capital Markets maintained the shares of TIF in report on Friday, August 26 with “Sector Perform” rating.

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