Qv Investors INC Has Boosted Stake in Now INC (DNOW) by $8.77 Million


NOW Inc. (NYSE:DNOW) LogoInvestors sentiment decreased to 0.98 in 2018 Q3. Its down 0.05, from 1.03 in 2018Q2. It fall, as 17 investors sold DNOW shares while 79 reduced holdings. 40 funds opened positions while 54 raised stakes. 118.52 million shares or 1.31% less from 120.09 million shares in 2018Q2 were reported. Marathon Asset Limited Liability Partnership holds 0.14% in NOW Inc. (NYSE:DNOW) or 667,202 shares. Massachusetts Fincl Svcs Ma reported 5.94 million shares. Bankshares Of America De has invested 0% of its portfolio in NOW Inc. (NYSE:DNOW). Qs Investors Ltd Limited Liability Company owns 48 shares. Goldman Sachs Grp invested in 858,852 shares or 0% of the stock. Pnc Fincl Group Incorporated stated it has 21,465 shares or 0% of all its holdings. Cwm Lc reported 0.02% in NOW Inc. (NYSE:DNOW). Peoples Financial Svcs stated it has 350 shares or 0% of all its holdings. First Interstate Bancorp, a Montana-based fund reported 1,196 shares. Alliancebernstein LP holds 139,124 shares. Sasco Capital Inc Ct reported 34,450 shares. Jpmorgan Chase & owns 670,933 shares. Renaissance Tech Ltd Liability has 0.01% invested in NOW Inc. (NYSE:DNOW). New York State Teachers Retirement Systems has invested 0.01% in NOW Inc. (NYSE:DNOW). California Employees Retirement Sys reported 0.01% of its portfolio in NOW Inc. (NYSE:DNOW).

Qv Investors Inc increased its stake in Now Inc (DNOW) by 44.84% based on its latest 2018Q3 regulatory filing with the SEC. Qv Investors Inc bought 674,348 shares as the company’s stock declined 20.13% with the market. The institutional investor held 2.18 million shares of the metal fabrications company at the end of 2018Q3, valued at $30.08M, up from 1.50 million at the end of the previous reported quarter. Qv Investors Inc who had been investing in Now Inc for a number of months, seems to be bullish on the $1.45 billion market cap company. The stock increased 0.60% or $0.08 during the last trading session, reaching $13.35. About 604,982 shares traded. NOW Inc. (NYSE:DNOW) has risen 27.66% since January 13, 2018 and is uptrending. It has outperformed by 27.66% the S&P500.

Qv Investors Inc, which manages about $1.19 billion US Long portfolio, decreased its stake in Berkshire Hathaway Inc (BRKB) by 53,200 shares to 371,263 shares, valued at $68.06M in 2018Q3, according to the filing. It also reduced its holding in Exxon Mobil Corp (NYSE:XOM) by 55,320 shares in the quarter, leaving it with 220,531 shares, and cut its stake in Pepsico Inc (NYSE:PEP).

NOW Inc. (NYSE:DNOW) Ratings Coverage

Among 3 analysts covering NOW (NYSE:DNOW), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. NOW had 4 analyst reports since July 31, 2018 according to SRatingsIntel. Robert W. Baird maintained it with “Neutral” rating and $16 target in Friday, November 2 report. The firm has “Buy” rating given on Friday, August 3 by Stifel Nicolaus. On Wednesday, December 19 the stock rating was downgraded by Stifel Nicolaus to “Hold”.

NOW Inc. (NYSE:DNOW) Institutional Positions Chart

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