Neogen Corp (NEOG) Shareholder Stephens Investment Management Group LLC Increased Its Stake by $14.91 Million

June 27, 2018 - By Matthew Medley

Neogen Corporation (NASDAQ:NEOG) Corporate LogoBig Money Sentiment increased to 6.71 in 2018 Q1. It has change of 5.22, from 2017Q4’s 1.49. The ratio improved due to NEOG positioning: 13 sold and 15 reduced. 27 funds bought holdings and 161 increased holdings. Investors holded 33.95 million in 2017Q4 but now own 90.94 million shares or 167.86% more. Sheets Smith Wealth Mngmt reported 5,726 shs. Ranger Inv Mgmt LP invested 1.05% of its capital in Neogen Corporation (NASDAQ:NEOG). Blackrock owns 6.47M shs. First Advisors LP holds 27,845 shs or 0% of its capital. Aureus Asset Management Limited Liability Company stated it has 7,290 shs or 0.07% of all its holdings. First Republic Investment Inc has 0% invested in Neogen Corporation (NASDAQ:NEOG). Parallax Volatility Advisers Ltd Partnership reported 0% in Neogen Corporation (NASDAQ:NEOG). King Luther Cap holds 0.54% of its capital in Neogen Corporation (NASDAQ:NEOG) for 958,914 shs. State Of Tennessee Treasury Department accumulated 0.01% or 36,209 shs. Teachers Retirement Sys Of The State Of Kentucky invested 0.01% of its capital in Neogen Corporation (NASDAQ:NEOG). Brown Advisory accumulated 24,511 shs or 0.01% of the stock. Carnegie Capital Asset Management Ltd Liability Company stated it has 123,650 shs or 0.76% of all its holdings. Etrade Ltd accumulated 6,979 shs. Menta Limited Company has 7,673 shs. Teton has invested 1.01% of its capital in Neogen Corporation (NASDAQ:NEOG).

NEOG had 16 sales and 0 insider purchases since January 26, 2018. This’s net activity of $10.42 million. REED THOMAS H had sold 6,000 shs worth $374,818. 10,000 shs valued at $574,954 were sold by HERBERT JAMES L on Thursday, February 15. On Wednesday, May 16 PAPESH G BRUCE sold $435,000 worth of Neogen Corporation (NASDAQ:NEOG). Quinlan Steven J. also sold $186,213 worth of Neogen Corporation (NASDAQ:NEOG) on Monday, March 26. BOEHM WILLIAM T sold $34,920 worth of stock or 500 shs. 14,800 shs valued at $1.00 million were sold by MORRICAL TERRI A on Friday, April 6.

According to 2018Q1 SEC filling the Stephens Investment Management Group Llc rose its stake in Neogen Corp (NEOG) by 31.72%. The company’s stock rose 22.25% while stock markets declined as Stephens Investment Management Group Llc bought 225,894 shares. The in vitro & in vivo diagnostic substances company reported $62.84M value for the 2018Q1. Now the institutional investor is holding 938,011 shares, compared to the 712,117 from the previous quarter. $4.23 billion is Neogen Corp’s MC. NEOG is hitting $81.92 during the last trading session, after increased 0.92%.Neogen Corporation has volume of 123,984 shares. Since June 27, 2017 NEOG has risen 56.69% and is uptrending. The stock outperformed the S&P500 by 44.12%.

A portfolio of $3.08B and $4.61B is managed by Stephens Investment Management Group Llc. As it’s reported in SEC filling the stake in Abiomed Inc (NASDAQ:ABMD) is decreased by 46,282 shares to 257,966 shares. They are valued at $75.07M in 2018Q1. For a total of 79,740 shares it reduced its holding in Cavium Inc (NASDAQ:CAVM) by 411,816 shares in the quarter, and has cut its stake in Mercadolibre Inc (NASDAQ:MELI).

There’s a significant Neogen Corporation (NASDAQ:NEOG) news posted by Nasdaq.com. It’s an article titled: “Market Trends Toward New Normal in Neogen, Intuitive Surgical, IDT, Government Properties Income Trust, Everbridge …” on June 13, 2018.

Neogen Corporation (NASDAQ:NEOG) Ratings Coverage

In total 2 analysts cover Neogen Corp (NASDAQ:NEOG). “Buy” rating has 0, “Sell” are 0, while 2 are “Hold”. 0 are bullish. With $6500 highest and $62.0 lowest target price Neogen Corp has $63.50 average target price or -22.49% below the current ($81.92) price. 2 are the (NASDAQ:NEOG)’s analyst reports since January 4, 2018 according to StockzIntelligence Inc. In Monday, March 26 report Stephens maintained it with “Hold” rating and $6500 target. On Thursday, January 4 Roth Capital maintained Neogen Corporation (NASDAQ:NEOG) with “Hold” rating.

Neogen Corporation (NASDAQ:NEOG) Institutional Investors Chart

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