As Popular INC (BPOP) Valuation Rose, Raging Capital Management LLC Has Lowered Its Position

Popular, Inc. (NASDAQ:BPOP) LogoInvestors sentiment decreased to 0.99 in 2019 Q2. Its down 0.45, from 1.44 in 2019Q1. It turned negative, as 28 investors sold BPOP shares while 85 reduced holdings. 36 funds opened positions while 76 raised stakes. 80.04 million shares or 2.63% less from 82.20 million shares in 2019Q1 were reported. State Of Wisconsin Board owns 13,601 shares for 0% of their portfolio. American Century Cos has 88,036 shares for 0% of their portfolio. Goldman Sachs Group holds 1.72 million shares or 0.03% of its portfolio. Moreover, State Of Tennessee Treasury Department has 0% invested in Popular, Inc. (NASDAQ:BPOP). Bartlett holds 0% or 9 shares. Strs Ohio invested 0% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Baystate Wealth Ltd Liability Corp holds 0% or 10 shares in its portfolio. Thomas J Herzfeld Advisors stated it has 1.14% of its portfolio in Popular, Inc. (NASDAQ:BPOP). Atria Invests Limited Co invested 0.05% in Popular, Inc. (NASDAQ:BPOP). 18,146 were accumulated by Utah Retirement Sys. Clarivest Asset Mngmt holds 70,900 shares or 0.07% of its portfolio. Hightower Advisors Ltd Liability Com holds 0% or 4,060 shares. 37,731 were reported by Paloma Prtnrs Mgmt Comm. Tci Wealth Inc holds 0% or 8 shares in its portfolio. Federated Pa holds 0.05% or 374,471 shares in its portfolio.

Raging Capital Management Llc decreased its stake in Popular Inc (BPOP) by 22.19% based on its latest 2019Q2 regulatory filing with the SEC. Raging Capital Management Llc sold 150,900 shares as the company’s stock rose 0.75% . The hedge fund held 529,100 shares of the finance company at the end of 2019Q2, valued at $28.70 million, down from 680,000 at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Popular Inc for a number of months, seems to be less bullish one the $5.29 billion market cap company. The stock increased 1.00% or $0.54 during the last trading session, reaching $54.69. About 420,293 shares traded. Popular, Inc. (NASDAQ:BPOP) has risen 14.41% since September 13, 2018 and is uptrending. It has outperformed by 14.41% the S&P500.

Raging Capital Management Llc, which manages about $631.31 million and $591.57M US Long portfolio, upped its stake in Mitek Sys Inc (NASDAQ:MITK) by 718,729 shares to 1.07 million shares, valued at $10.61 million in 2019Q2, according to the filing. It also increased its holding in Allergan Plc by 42,500 shares in the quarter, for a total of 116,600 shares, and has risen its stake in Assured Guaranty Ltd (NYSE:AGO).

Analysts await Popular, Inc. (NASDAQ:BPOP) to report earnings on October, 23. They expect $1.64 EPS, up 18.84 % or $0.26 from last year’s $1.38 per share. BPOP’s profit will be $158.51M for 8.34 P/E if the $1.64 EPS becomes a reality. After $1.76 actual EPS reported by Popular, Inc. for the previous quarter, Wall Street now forecasts -6.82 % negative EPS growth.

More notable recent Popular, Inc. (NASDAQ:BPOP) news were published by: Businesswire.com which released: “Popular, Inc. Declares a Cash Dividend of $0.30 per Common Share – Business Wire” on August 23, 2019, also Nasdaq.com with their article: “3 Reasons Why Popular (BPOP) Is a Great Growth Stock – Nasdaq” published on March 20, 2019, Finance.Yahoo.com published: “Here’s Why I Think Popular (NASDAQ:BPOP) Might Deserve Your Attention Today – Yahoo Finance” on August 01, 2019. More interesting news about Popular, Inc. (NASDAQ:BPOP) were released by: Nasdaq.com and their article: “Citizens’ Bottom Line Hit by Higher Costs: Should You Sell? – Nasdaq” published on August 19, 2019 as well as Nasdaq.com‘s news article titled: “Popular (BPOP) Q2 Earnings and Revenues Top Estimates – Nasdaq” with publication date: July 24, 2019.

Popular, Inc. (NASDAQ:BPOP) Institutional Positions Chart

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