Verition Fund Management LLC Has Upped Newell Brands INC (Put) (NWL) Position by $21.46 Million; Shares Declined

Newell Brands Inc. (NASDAQ:NWL) LogoInvestors sentiment increased to 1.01 in Q2 2019. Its up 0.07, from 0.94 in 2019Q1. It is positive, as 37 investors sold NWL shares while 152 reduced holdings. 47 funds opened positions while 143 raised stakes. 362.61 million shares or 4.99% less from 381.67 million shares in 2019Q1 were reported. Davy Asset Management holds 0.42% or 84,932 shares. Salzhauer Michael holds 0.5% of its portfolio in Newell Brands Inc. (NASDAQ:NWL) for 67,343 shares. Guggenheim Cap Llc has 91,972 shares. Co Of Vermont invested 0% of its portfolio in Newell Brands Inc. (NASDAQ:NWL). Trillium Asset Limited Liability owns 385,793 shares. Credit Suisse Ag invested in 587,137 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh reported 46,913 shares. Sei Invs holds 186,313 shares. National Pension Ser has invested 0.04% in Newell Brands Inc. (NASDAQ:NWL). Cna Financial has invested 0.38% in Newell Brands Inc. (NASDAQ:NWL). Motco stated it has 2,027 shares or 0% of all its holdings. Ftb Advsr Incorporated has 19,661 shares. 181,917 were reported by Oppenheimer Asset. The Ontario – Canada-based Intact Inv has invested 0.08% in Newell Brands Inc. (NASDAQ:NWL). Massachusetts Services Ma has invested 0.03% in Newell Brands Inc. (NASDAQ:NWL).

Since August 15, 2019, it had 1 buying transaction, and 0 insider sales for $78,800 activity.

Verition Fund Management Llc increased its stake in Newell Brands Inc (Put) (NWL) by 274.64% based on its latest 2019Q2 regulatory filing with the SEC. Verition Fund Management Llc bought 1.43 million shares as the company’s stock declined 1.11% . The hedge fund held 1.95M shares of the plastic products company at the end of 2019Q2, valued at $30.10M, up from 521,000 at the end of the previous reported quarter. Verition Fund Management Llc who had been investing in Newell Brands Inc (Put) for a number of months, seems to be bullish on the $7.82B market cap company. The stock decreased 0.11% or $0.02 during the last trading session, reaching $18.46. About 3.78 million shares traded. Newell Brands Inc. (NYSE:NWL) has declined 45.86% since September 13, 2018 and is downtrending. It has underperformed by 45.86% the S&P500.

Verition Fund Management Llc, which manages about $1.22 billion and $3.56B US Long portfolio, decreased its stake in Zillow Group Inc (Prn) by 10.68 million shares to 3.47M shares, valued at $3.93 million in 2019Q2, according to the filing. It also reduced its holding in Northrop Grumman Corp (NYSE:NOC) by 25,282 shares in the quarter, leaving it with 13,826 shares, and cut its stake in Dominion Energy Inc (NYSE:D).

More notable recent Newell Brands Inc. (NASDAQ:NWL) news were published by: Streetinsider.com which released: “Newell Rubbermaid (NWL) EPS Raised At Wells Fargo, Sees Accelerated Deleveraging – StreetInsider.com” on August 27, 2019, also Nasdaq.com with their article: “NWL vs. WDFC: Which Stock Is the Better Value Option? – Nasdaq” published on August 07, 2019, Nasdaq.com published: “Newell Brands Inc. (NWL) Ex-Dividend Date Scheduled for August 29, 2019 – Nasdaq” on August 28, 2019. More interesting news about Newell Brands Inc. (NASDAQ:NWL) were released by: Seekingalpha.com and their article: “Newell Brands Is A Dicey Buy – Seeking Alpha” published on April 26, 2019 as well as Businesswire.com‘s news article titled: “Newell Brands Announces Pricing Terms of its Waterfall Tender Offer – Business Wire” with publication date: August 26, 2019.

Newell Brands Inc. (NASDAQ:NWL) Ratings Coverage

Among 3 analysts covering Newell Brands (NYSE:NWL), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Newell Brands has $22 highest and $15 lowest target. $17.67’s average target is -4.28% below currents $18.46 stock price. Newell Brands had 5 analyst reports since March 14, 2019 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, March 14 by Jefferies. The firm has “Buy” rating by Wells Fargo given on Thursday, March 14. The stock has “Hold” rating by Deutsche Bank on Monday, August 5.

Newell Brands Inc. (NASDAQ:NWL) Institutional Positions Chart

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