Ford Recalls Over Half a Million Vehicles

Ford Motor Co. (NYSE: F) shares dipped slightly on news that the automaker was issuing a recall in North America. The company is recalling roughly 550,000 sedans and sport utility vehicles in North America, saying a problem with the gear shifter could cause the vehicles to roll away.

The recall includes some 2013 to 2016 Ford Fusion cars and 2013 to 2014 Ford Escape SUVs. About 504,000 of the affected vehicles were sold in the United States.

According to the company, a bushing that connects the shifter cable to the transmission may detach in the affected vehicles. Ford warned that when the driver shifts the lever into the Park position, the vehicles may unexpectedly be in another gear. If the parking brake isn��t engaged, the vehicles could roll.

Ford noted that drivers are still able to remove the ignition key if the affected vehicles are stuck in another gear. There��s also no warning message or audible chime to indicate that the vehicle is not in Park.

Shares of Ford were last seen down less than 1% on the day to $10.80, with a consensus analyst price target of $12.28 and a 52-week trading range of $10.14 to $13.48.

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Southern Copper (SCCO) to Release Quarterly Earnings on Wednesday

Southern Copper (NYSE:SCCO) is scheduled to be releasing its earnings data before the market opens on Wednesday, July 25th. Analysts expect Southern Copper to post earnings of $0.64 per share for the quarter.

Southern Copper (NYSE:SCCO) last released its earnings results on Wednesday, May 2nd. The basic materials company reported $0.61 earnings per share for the quarter, meeting analysts’ consensus estimates of $0.61. The firm had revenue of $1.84 billion during the quarter, compared to the consensus estimate of $1.84 billion. Southern Copper had a return on equity of 13.90% and a net margin of 12.80%. On average, analysts expect Southern Copper to post $3 EPS for the current fiscal year and $3 EPS for the next fiscal year.

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NYSE:SCCO opened at $45.11 on Wednesday. The firm has a market cap of $34.86 billion, a PE ratio of 29.28 and a beta of 0.44. The company has a quick ratio of 1.92, a current ratio of 2.81 and a debt-to-equity ratio of 0.93. Southern Copper has a fifty-two week low of $37.13 and a fifty-two week high of $58.09.

In other news, EVP Quintanilla Daniel Muniz sold 1,600 shares of the business’s stock in a transaction on Tuesday, June 5th. The stock was sold at an average price of $51.20, for a total transaction of $81,920.00. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. 0.46% of the stock is currently owned by insiders.

A number of research firms have recently weighed in on SCCO. B. Riley downgraded Southern Copper from a “buy” rating to a “neutral” rating and cut their target price for the company from $57.34 to $57.00 in a research report on Thursday, April 19th. JPMorgan Chase & Co. downgraded Southern Copper from a “neutral” rating to an “underweight” rating and set a $45.00 target price for the company. in a research report on Friday, April 13th. ValuEngine raised Southern Copper from a “hold” rating to a “buy” rating in a report on Wednesday, June 6th. Finally, Berenberg Bank reissued a “sell” rating and set a $39.00 price target on shares of Southern Copper in a report on Saturday, June 2nd. Five equities research analysts have rated the stock with a sell rating, seven have given a hold rating and three have issued a buy rating to the company’s stock. The stock currently has an average rating of “Hold” and a consensus price target of $46.06.

About Southern Copper

Southern Copper Corporation engages in mining, exploring, smelting, and refining copper and other minerals in Peru, Mexico, Argentina, Chile, and Ecuador. The company is involved in the mining, milling, and flotation of copper ore to produce copper and molybdenum concentrates; smelting of copper concentrates to produce blister and anode copper; refining of anode copper to produce copper cathodes; production of molybdenum concentrate and sulfuric acid; production of refined silver, gold, and other materials; and mining and processing of zinc and lead.

Read More: Short Selling Stocks, A Beginner��s Guide

Jefferies Financial Group Weighs in on Federated Investors Inc’s Q2 2018 Earnings (FII)

Federated Investors Inc (NYSE:FII) – Stock analysts at Jefferies Financial Group reduced their Q2 2018 EPS estimates for shares of Federated Investors in a research note issued to investors on Wednesday, July 11th. Jefferies Financial Group analyst S. Thind now forecasts that the asset manager will post earnings of $0.61 per share for the quarter, down from their previous forecast of $0.70. Jefferies Financial Group has a “Hold” rating and a $32.00 price objective on the stock. Jefferies Financial Group also issued estimates for Federated Investors’ Q3 2018 earnings at $0.56 EPS, Q4 2018 earnings at $0.60 EPS and FY2019 earnings at $2.61 EPS.

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FII has been the topic of a number of other research reports. Zacks Investment Research cut shares of Federated Investors from a “hold” rating to a “sell” rating in a research note on Monday, April 2nd. Keefe, Bruyette & Woods raised shares of Federated Investors from an “underperform” rating to a “market perform” rating in a research note on Monday, May 28th. TheStreet cut shares of Federated Investors from a “b-” rating to a “c+” rating in a research note on Tuesday, May 22nd. Royal Bank of Canada dropped their price target on shares of Federated Investors to $30.00 and set a “sector perform” rating on the stock in a research note on Monday, April 30th. Finally, ValuEngine cut shares of Federated Investors from a “sell” rating to a “strong sell” rating in a research note on Monday, June 11th. Five research analysts have rated the stock with a sell rating and six have given a hold rating to the stock. The company presently has an average rating of “Hold” and a consensus price target of $31.19.

Federated Investors opened at $23.58 on Thursday, MarketBeat.com reports. Federated Investors has a 1 year low of $22.82 and a 1 year high of $36.76. The firm has a market capitalization of $2.49 billion, a P/E ratio of 10.82, a P/E/G ratio of 1.83 and a beta of 1.30. The company has a debt-to-equity ratio of 0.21, a quick ratio of 3.91 and a current ratio of 4.43.

Federated Investors (NYSE:FII) last posted its earnings results on Thursday, April 26th. The asset manager reported $0.60 earnings per share for the quarter, missing the consensus estimate of $0.65 by ($0.05). Federated Investors had a net margin of 27.63% and a return on equity of 32.55%. The firm had revenue of $263.85 million for the quarter, compared to analysts’ expectations of $277.61 million. During the same period last year, the firm earned $0.49 earnings per share. Federated Investors’s revenue for the quarter was down 3.5% compared to the same quarter last year.

A number of institutional investors and hedge funds have recently made changes to their positions in FII. Raymond James Financial Services Advisors Inc. acquired a new stake in Federated Investors during the 4th quarter worth $215,000. Amundi Pioneer Asset Management Inc. acquired a new stake in Federated Investors during the 4th quarter worth $590,000. AMP Capital Investors Ltd boosted its stake in Federated Investors by 21.0% during the 4th quarter. AMP Capital Investors Ltd now owns 56,420 shares of the asset manager’s stock worth $2,036,000 after purchasing an additional 9,800 shares during the last quarter. Quantitative Investment Management LLC acquired a new stake in Federated Investors during the 4th quarter worth $782,000. Finally, Advisor Group Inc. boosted its stake in Federated Investors by 43.7% during the 4th quarter. Advisor Group Inc. now owns 9,007 shares of the asset manager’s stock worth $326,000 after purchasing an additional 2,739 shares during the last quarter. 84.52% of the stock is currently owned by institutional investors.

Federated Investors Company Profile

Federated Investors, Inc is a publicly owned asset management holding company. Through its subsidiaries, the firm provides its services to individuals, including high net worth individuals, banking or thrift institutions, investment companies, pension and profit sharing plans, pooled investment vehicles, charitable organizations, state or municipal government entities, and registered investment advisors.

Investment Analysts’ Weekly Ratings Updates for Alcoa (AA)

Alcoa (NYSE: AA) recently received a number of ratings updates from brokerages and research firms:

7/5/2018 – Alcoa was upgraded by analysts at ValuEngine from a “hold” rating to a “buy” rating. 6/25/2018 – Alcoa was downgraded by analysts at Zacks Investment Research from a “strong-buy” rating to a “hold” rating. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “ 6/21/2018 – Alcoa is now covered by analysts at B. Riley. They set a “neutral” rating and a $47.00 price target on the stock. 6/19/2018 – Alcoa was upgraded by analysts at Zacks Investment Research from a “hold” rating to a “strong-buy” rating. They now have a $53.00 price target on the stock. According to Zacks, “Alcoa is a global industry leader in bauxite, alumina and aluminum products. “ 6/16/2018 – Alcoa was downgraded by analysts at ValuEngine from a “buy” rating to a “hold” rating. 5/30/2018 – Alcoa was given a new $70.00 price target on by analysts at Deutsche Bank AG. They now have a “buy” rating on the stock. 5/16/2018 – Alcoa was downgraded by analysts at ValuEngine from a “strong-buy” rating to a “buy” rating.

Alcoa stock opened at $48.29 on Tuesday. The company has a market capitalization of $8.79 billion, a PE ratio of 16.04, a P/E/G ratio of 0.87 and a beta of 0.07. Alcoa Corp has a twelve month low of $33.68 and a twelve month high of $62.35. The company has a quick ratio of 0.85, a current ratio of 1.39 and a debt-to-equity ratio of 0.19.

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Alcoa (NYSE:AA) last released its quarterly earnings results on Wednesday, April 18th. The industrial products company reported $0.77 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.60 by $0.17. The company had revenue of $3.09 billion during the quarter, compared to analysts’ expectations of $3.16 billion. Alcoa had a net margin of 1.17% and a return on equity of 7.72%. The business’s quarterly revenue was up 16.4% compared to the same quarter last year. During the same quarter in the prior year, the company earned $0.63 earnings per share. equities research analysts predict that Alcoa Corp will post 4.83 EPS for the current fiscal year.

Several institutional investors have recently added to or reduced their stakes in AA. Centaurus Financial Inc. bought a new stake in shares of Alcoa in the first quarter worth $112,000. Berson & Corrado Investment Advisors LLC bought a new stake in shares of Alcoa in the second quarter worth $202,000. American International Group Inc. bought a new stake in shares of Alcoa in the fourth quarter worth $208,000. Alpine Global Management LLC bought a new stake in shares of Alcoa in the first quarter worth $208,000. Finally, Assetmark Inc. lifted its position in shares of Alcoa by 1,398.1% in the first quarter. Assetmark Inc. now owns 4,689 shares of the industrial products company’s stock worth $211,000 after purchasing an additional 4,376 shares in the last quarter.

Alcoa Corporation produces and sells bauxite, alumina, and aluminum products. The company offers aluminum sheets for the production of cans for beverage and food. It also engages in the aluminum smelting, casting, and rolling businesses; and generation and sale of renewable energy, as well as provision of ancillary services.

Sei Investments Co. Purchases 8,847 Shares of RR Donnelley & Sons Co (RRD)

Sei Investments Co. raised its stake in RR Donnelley & Sons Co (NYSE:RRD) by 51.1% during the first quarter, according to the company in its most recent Form 13F filing with the Securities and Exchange Commission. The fund owned 26,150 shares of the business services provider’s stock after acquiring an additional 8,847 shares during the period. Sei Investments Co.’s holdings in RR Donnelley & Sons were worth $229,000 as of its most recent SEC filing.

Several other hedge funds and other institutional investors also recently added to or reduced their stakes in RRD. Towle & Co. grew its stake in shares of RR Donnelley & Sons by 34.3% in the first quarter. Towle & Co. now owns 4,357,750 shares of the business services provider’s stock worth $38,043,000 after acquiring an additional 1,112,164 shares during the last quarter. JPMorgan Chase & Co. grew its stake in shares of RR Donnelley & Sons by 150.0% in the first quarter. JPMorgan Chase & Co. now owns 551,990 shares of the business services provider’s stock worth $4,818,000 after acquiring an additional 331,196 shares during the last quarter. WBI Investments Inc. purchased a new stake in shares of RR Donnelley & Sons in the first quarter worth $2,557,000. Bank of New York Mellon Corp grew its stake in shares of RR Donnelley & Sons by 8.4% in the fourth quarter. Bank of New York Mellon Corp now owns 1,485,920 shares of the business services provider’s stock worth $13,820,000 after acquiring an additional 115,671 shares during the last quarter. Finally, California Public Employees Retirement System grew its stake in shares of RR Donnelley & Sons by 22.2% in the fourth quarter. California Public Employees Retirement System now owns 628,253 shares of the business services provider’s stock worth $5,843,000 after acquiring an additional 114,340 shares during the last quarter. 82.50% of the stock is currently owned by hedge funds and other institutional investors.

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A number of research firms have recently commented on RRD. ValuEngine cut RR Donnelley & Sons from a “buy” rating to a “hold” rating in a research note on Wednesday, May 2nd. Buckingham Research began coverage on RR Donnelley & Sons in a research note on Monday, June 25th. They issued a “neutral” rating and a $8.00 target price on the stock.

RR Donnelley & Sons opened at $5.79 on Friday, according to Marketbeat. RR Donnelley & Sons Co has a 12 month low of $5.49 and a 12 month high of $12.92. The firm has a market capitalization of $423.91 million, a PE ratio of 4.83 and a beta of 1.49. The company has a debt-to-equity ratio of -10.46, a quick ratio of 1.19 and a current ratio of 1.42.

RR Donnelley & Sons (NYSE:RRD) last released its earnings results on Tuesday, May 1st. The business services provider reported ($0.10) EPS for the quarter, missing analysts’ consensus estimates of $0.14 by ($0.24). RR Donnelley & Sons had a negative return on equity of 37.45% and a net margin of 0.09%. The company had revenue of $1.71 billion during the quarter, compared to analysts’ expectations of $1.63 billion. During the same period in the prior year, the company posted $0.17 earnings per share. The company’s revenue was up 2.9% on a year-over-year basis. equities analysts anticipate that RR Donnelley & Sons Co will post 1.05 earnings per share for the current year.

In other RR Donnelley & Sons news, Director Timothy R. Mclevish purchased 20,000 shares of the stock in a transaction dated Friday, May 4th. The shares were purchased at an average cost of $6.53 per share, with a total value of $130,600.00. Following the completion of the acquisition, the director now directly owns 18,466 shares in the company, valued at approximately $120,582.98. The transaction was disclosed in a filing with the SEC, which is available at the SEC website. Corporate insiders own 0.52% of the company’s stock.

About RR Donnelley & Sons

R.R. Donnelley & Sons Company, an integrated communications company, enables organizations to create, manage, deliver, and optimize their multichannel marketing and business communications. The company operates through Variable Print, Strategic Services, and International segments. It offers commercial and digital print, direct mail, statement printing, logistics, sourcing, and digital and creative services, as well as produces and sells labels, forms, educational testing materials, inserts, and books.

Cisco Systems, Inc. (CSCO) Shares Sold by Rossmore Private Capital

Rossmore Private Capital lowered its stake in Cisco Systems, Inc. (NASDAQ:CSCO) by 42.7% in the 1st quarter, HoldingsChannel reports. The fund owned 17,628 shares of the network equipment provider’s stock after selling 13,117 shares during the quarter. Rossmore Private Capital’s holdings in Cisco Systems were worth $756,000 at the end of the most recent quarter.

Several other large investors also recently added to or reduced their stakes in the company. Union Bankshares Corp increased its stake in Cisco Systems by 21.9% during the 4th quarter. Union Bankshares Corp now owns 167,758 shares of the network equipment provider’s stock valued at $6,425,000 after purchasing an additional 30,113 shares in the last quarter. Patriot Wealth Management Inc. increased its stake in Cisco Systems by 1.2% during the 4th quarter. Patriot Wealth Management Inc. now owns 308,456 shares of the network equipment provider’s stock valued at $11,814,000 after purchasing an additional 3,628 shares in the last quarter. Bogart Wealth LLC increased its stake in Cisco Systems by 11.4% during the 4th quarter. Bogart Wealth LLC now owns 51,254 shares of the network equipment provider’s stock valued at $1,963,000 after purchasing an additional 5,260 shares in the last quarter. Rockland Trust Co. increased its stake in Cisco Systems by 33.3% during the 4th quarter. Rockland Trust Co. now owns 14,652 shares of the network equipment provider’s stock valued at $561,000 after purchasing an additional 3,661 shares in the last quarter. Finally, Sawyer & Company Inc bought a new stake in Cisco Systems during the 4th quarter valued at $1,219,000. Institutional investors own 73.80% of the company’s stock.

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CSCO has been the subject of a number of recent research reports. Vetr lowered shares of Cisco Systems from a “buy” rating to a “hold” rating and set a $46.32 price target for the company. in a research note on Wednesday, April 18th. Credit Suisse Group set a $41.00 price target on shares of Cisco Systems and gave the company a “hold” rating in a research note on Thursday, May 17th. JPMorgan Chase & Co. set a $58.00 price target on shares of Cisco Systems and gave the company a “buy” rating in a research note on Thursday, May 17th. Citigroup boosted their price target on shares of Cisco Systems from $46.00 to $52.00 and gave the company a “buy” rating in a research note on Friday, March 16th. Finally, Goldman Sachs Group upgraded shares of Cisco Systems from a “buy” rating to a “conviction-buy” rating in a research note on Friday, March 23rd. Ten analysts have rated the stock with a hold rating, twenty-four have issued a buy rating and one has given a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $46.56.

In other Cisco Systems news, EVP David Goeckeler sold 35,000 shares of the company’s stock in a transaction dated Friday, June 22nd. The shares were sold at an average price of $43.27, for a total transaction of $1,514,450.00. Following the sale, the executive vice president now directly owns 490,458 shares of the company’s stock, valued at $21,222,117.66. The transaction was disclosed in a legal filing with the SEC, which is available through the SEC website. 0.05% of the stock is owned by corporate insiders.

Shares of Cisco Systems opened at $42.56 on Friday, Marketbeat.com reports. The company has a current ratio of 2.34, a quick ratio of 2.28 and a debt-to-equity ratio of 0.44. The stock has a market capitalization of $205.56 billion, a P/E ratio of 18.72, a P/E/G ratio of 2.88 and a beta of 1.10. Cisco Systems, Inc. has a fifty-two week low of $30.36 and a fifty-two week high of $46.37.

Cisco Systems (NASDAQ:CSCO) last issued its quarterly earnings results on Wednesday, May 16th. The network equipment provider reported $0.66 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.65 by $0.01. The company had revenue of $12.46 billion for the quarter, compared to the consensus estimate of $12.42 billion. Cisco Systems had a negative net margin of 2.61% and a positive return on equity of 19.48%. During the same period in the previous year, the firm earned $0.60 EPS. analysts expect that Cisco Systems, Inc. will post 2.34 EPS for the current year.

The firm also recently disclosed a quarterly dividend, which will be paid on Wednesday, July 25th. Shareholders of record on Friday, July 6th will be issued a dividend of $0.33 per share. This represents a $1.32 annualized dividend and a yield of 3.10%. The ex-dividend date of this dividend is Thursday, July 5th. Cisco Systems’s dividend payout ratio (DPR) is presently 61.40%.

Cisco Systems Company Profile

Cisco Systems, Inc designs, manufactures, and sells Internet Protocol (IP) based networking and other products related to the communications and information technology industry worldwide. The company offers switching products, including fixed-configuration and modular switches, and storage products that provide connectivity to end users, workstations, IP phones, wireless access points, and servers; and next-generation network routing products that interconnect public and private wireline and mobile networks for mobile, data, voice, and video applications.

Want to see what other hedge funds are holding CSCO? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Cisco Systems, Inc. (NASDAQ:CSCO).

Average US Rent Cost Rises 3% to All-Time High of $1,405

For the first time, the average U.S. rental unit costs more than $1,400, setting a new record for rent at $1,405. As with all averages, rents can cost a lot more in some U.S. cities and a lot less in others.

In the country’s largest cities (population of at least 600,000), the average rent rose the most in Las Vegas (7%) and the least in Baltimore (0.6%). New York City’s Manhattan saw the second-lowest growth of 1.5%, and Phoenix was ranked second for most growth with an increase of 6.4%.

The data were reported Friday by RENTCaf茅, a national apartment search website. The report is based exclusively on apartment data related to buildings containing 50 or more units and includes cities with populations over 100,000 and a rental stock of at least 2,900 apartments in 50+ unit buildings.

The largest year-over-year increases among cities of all sizes were 38.8% in Midland and 36.6% in Odessa, both in Texas, and the hubs of the oil- and gas-rich Permian Basin, where the number of oil rigs put to work in the past year skyrocketed as oil prices rose.

In addition to Midland and Odessa, rents rose fastest in Lancaster, Californina (10.2%); Reno, Nevada (9.9%); and Peoria, Arizona (9.6%). Rent fell the most in Lubbock, Texas (down 1.1%); McAllen, Texas (down 1.2%); Baton Rouge, Louisiana (down 1.3%); Norman, Oklahoma (down 1.8%); and Brownsville, Texas (down 1.9%).

Half of the 10 U.S. cities where average rent was highest in June are located in or near the Silicon Valley of northern California. Here’s the list:

Manhattan, New York: $4,116 San Francisco, California: $3,561 Boston, Massachusetts: $3,374 San Mateo, California: $3,269 Cambridge, Massachusetts: $3,111 Sunnyvale, California: $2,945 Santa Clara, California: $2,902 Jersey City, New Jersey: $2,880 Brooklyn, New York: $2,801 San Jose, California: $2,744

Half of the cities where rent was lowest in June are located in Texas and Oklahoma. Here’s the list:

Wichita, Kansas: $639 Brownsville, Texas: $675 Tulsa, Oklahoma: $676 Killeen, Texas: $699 Toledo, Ohio: $703 Amarillo, Texas: $730 Independence, Missouri: $733 Dayton, Ohio: $737 Oklahoma City, Oklahoma: $741 Fort Wayne, Indiana: $750

Visit the RENTCaf茅 website for more details and an interactive list of rental prices by unit sizes in 250 U.S. cities.

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Jack in the Box Inc. (JACK) Receives Consensus Rating of “Hold” from Analysts

Shares of Jack in the Box Inc. (NASDAQ:JACK) have been assigned an average rating of “Hold” from the nineteen brokerages that are currently covering the stock, MarketBeat.com reports. One analyst has rated the stock with a sell rating, nine have given a hold rating and eight have issued a buy rating on the company. The average 12 month price target among brokerages that have covered the stock in the last year is $102.10.

A number of research analysts have commented on the stock. Stifel Nicolaus reaffirmed a “hold” rating and issued a $95.00 target price on shares of Jack in the Box in a research report on Wednesday, March 21st. BidaskClub raised shares of Jack in the Box from a “sell” rating to a “hold” rating in a research report on Tuesday, April 24th. ValuEngine cut shares of Jack in the Box from a “hold” rating to a “sell” rating in a research report on Friday, May 4th. SunTrust Banks upped their target price on shares of Jack in the Box to $100.00 and gave the company a “buy” rating in a research report on Friday, May 18th. Finally, Telsey Advisory Group reaffirmed an “outperform” rating and issued a $105.00 target price (down previously from $118.00) on shares of Jack in the Box in a research report on Wednesday, March 14th.

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Shares of JACK opened at $84.96 on Tuesday. The company has a quick ratio of 0.85, a current ratio of 0.87 and a debt-to-equity ratio of -2.09. Jack in the Box has a 12-month low of $79.23 and a 12-month high of $108.55. The stock has a market capitalization of $2.42 billion, a P/E ratio of 21.90, a PEG ratio of 1.60 and a beta of 0.43.

Jack in the Box (NASDAQ:JACK) last posted its earnings results on Wednesday, May 16th. The restaurant operator reported $0.80 EPS for the quarter, missing the Zacks’ consensus estimate of $0.86 by ($0.06). Jack in the Box had a net margin of 10.50% and a negative return on equity of 27.25%. The company had revenue of $209.80 million during the quarter, compared to analyst estimates of $212.84 million. During the same period in the previous year, the company earned $0.98 EPS. The company’s quarterly revenue was down 21.1% compared to the same quarter last year. equities research analysts anticipate that Jack in the Box will post 3.85 EPS for the current year.

The firm also recently declared a quarterly dividend, which was paid on Monday, June 11th. Stockholders of record on Tuesday, May 29th were given a dividend of $0.40 per share. The ex-dividend date was Friday, May 25th. This represents a $1.60 annualized dividend and a dividend yield of 1.88%. Jack in the Box’s dividend payout ratio is presently 41.24%.

In other news, Director David Goebel sold 1,521 shares of the stock in a transaction dated Wednesday, May 23rd. The shares were sold at an average price of $81.71, for a total transaction of $124,280.91. Following the sale, the director now owns 20,181 shares of the company’s stock, valued at $1,648,989.51. The sale was disclosed in a filing with the Securities & Exchange Commission, which can be accessed through the SEC website. 2.60% of the stock is currently owned by corporate insiders.

A number of large investors have recently modified their holdings of the stock. BlackRock Inc. raised its holdings in Jack in the Box by 3.5% in the fourth quarter. BlackRock Inc. now owns 3,172,965 shares of the restaurant operator’s stock valued at $311,300,000 after acquiring an additional 108,723 shares in the last quarter. Millennium Management LLC raised its holdings in Jack in the Box by 4.5% in the first quarter. Millennium Management LLC now owns 1,039,330 shares of the restaurant operator’s stock valued at $88,686,000 after acquiring an additional 44,890 shares in the last quarter. Blue Harbour Group L.P. acquired a new stake in Jack in the Box in the first quarter valued at approximately $56,915,000. Bank of New York Mellon Corp raised its holdings in Jack in the Box by 7.5% in the fourth quarter. Bank of New York Mellon Corp now owns 413,333 shares of the restaurant operator’s stock valued at $40,553,000 after acquiring an additional 28,931 shares in the last quarter. Finally, Geode Capital Management LLC raised its holdings in Jack in the Box by 3.7% in the fourth quarter. Geode Capital Management LLC now owns 273,368 shares of the restaurant operator’s stock valued at $26,819,000 after acquiring an additional 9,817 shares in the last quarter. 96.76% of the stock is currently owned by hedge funds and other institutional investors.

Jack in the Box Company Profile

Jack in the Box Inc operates and franchises Jack in the Box quick-service restaurants. As of April 15, 2018, it operated and franchised 2,245 Jack in the Box restaurants primarily in the western and southern United States and Guam. The company was founded in 1951 and is headquartered in San Diego, California.