Reinhart Partners Inc increased Sonic Corp Com (SONC) stake by 60.06% reported in 2017Q3 SEC filing. Reinhart Partners Inc acquired 43,850 shares as Sonic Corp Com (SONC)’s stock rose 6.84%. The Reinhart Partners Inc holds 116,860 shares with $2.97M value, up from 73,010 last quarter. Sonic Corp Com now has $984.91M valuation. The stock decreased 1.73% or $0.45 during the last trading session, reaching $25.61. About 788,457 shares traded. Sonic Corp. (NASDAQ:SONC) has declined 5.36% since January 31, 2017 and is downtrending. It has underperformed by 22.06% the S&P500.
The stock decreased 1.34% or $0.22 during the last trading session, reaching $16.19. About 102,489 shares traded or 30.48% up from the average. Advent Claymore Convertible Securities and Income Fund (AVK) has risen 17.65% since January 31, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.
Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.21, from 0.94 in 2017Q2. It is positive, as 25 investors sold SONC shares while 42 reduced holdings. 26 funds opened positions while 51 raised stakes. 46.56 million shares or 2.67% less from 47.84 million shares in 2017Q2 were reported. Atlanta Capital Mgmt L L C holds 0.04% or 301,827 shares in its portfolio. State Common Retirement Fund invested 0% in Sonic Corp. (NASDAQ:SONC). Georgia-based Voya Ltd Llc has invested 0% in Sonic Corp. (NASDAQ:SONC). Westwood Holdg Gru accumulated 0.2% or 992,854 shares. Blackrock Inc has invested 0.01% in Sonic Corp. (NASDAQ:SONC). Ontario – Canada-based Canada Pension Plan Investment Board has invested 0.02% in Sonic Corp. (NASDAQ:SONC). Winch Advisory Ser Ltd Limited Liability Company invested in 0% or 10 shares. 4,935 are held by Group One Trading Ltd Partnership. Qs Investors Limited Liability Corporation holds 0.02% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 114,132 shares. Jpmorgan Chase & holds 0% in Sonic Corp. (NASDAQ:SONC) or 501,101 shares. Rothschild Asset Management Incorporated holds 0.26% or 929,563 shares. Fenimore Asset Management has invested 0.87% in Sonic Corp. (NASDAQ:SONC). International, New York-based fund reported 32,636 shares. Walleye Trading Limited Liability Company reported 19,872 shares or 0% of all its holdings. Capstone Invest Advisors Limited Liability Company reported 0.01% stake.
Among 16 analysts covering Sonic (NASDAQ:SONC), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Sonic had 44 analyst reports since August 25, 2015 according to SRatingsIntel. On Monday, September 18 the stock rating was initiated by Citigroup with “Buy”. The stock has “Buy” rating by Piper Jaffray on Monday, July 24. The stock has “Hold” rating by Jefferies on Wednesday, September 28. UBS maintained Sonic Corp. (NASDAQ:SONC) rating on Wednesday, March 30. UBS has “Neutral” rating and $33 target. The firm has “Hold” rating given on Friday, June 24 by Jefferies. The company was maintained on Friday, June 24 by Bank of America. The stock of Sonic Corp. (NASDAQ:SONC) has “Buy” rating given on Monday, September 21 by Longbow. The firm has “Hold” rating by Jefferies given on Friday, December 22. On Friday, June 24 the stock rating was maintained by Barclays Capital with “Underweight”. The firm earned “Buy” rating on Tuesday, October 25 by Canaccord Genuity.
Since October 23, 2017, it had 0 buys, and 5 selling transactions for $3.07 million activity. PENA FEDERICO F also sold $29,257 worth of Sonic Corp. (NASDAQ:SONC) on Monday, October 23. 50,000 shares were sold by RICHARDSON FRANK E III, worth $1.28 million on Tuesday, October 24.
Reinhart Partners Inc decreased Csra Inc Com stake by 55,948 shares to 676,227 valued at $21.82 million in 2017Q3. It also reduced Ipg Photonics Corp Com (NASDAQ:IPGP) stake by 10,010 shares and now owns 1,510 shares. Sabre Corp Com (NASDAQ:SABR) was reduced too.
Windsor Capital Management Llc holds 2.14% of its portfolio in Advent Claymore Convertible Securities and Income Fund for 262,190 shares. Saba Capital Management L.P. owns 1.07 million shares or 1.76% of their US portfolio. Moreover, Arete Wealth Advisors Llc has 1.1% invested in the company for 169,850 shares. The Illinois-based Koshinski Asset Management Inc. has invested 0.71% in the stock. Rivernorth Capital Management Llc, a Illinois-based fund reported 490,383 shares.
The post Reinhart Partners Raised Its Sonic Com (SONC) Stake; Advent Claymore Convertible Securities & Income Fund (AVK) Sentiment Is 0.59 appeared first on Stock Market News | HillCountryTimes | Get it Today.
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