Pnc Financial Services Group Inc Decreased Neogen Corp (NASDAQ:NEOG) Stake By $19.47 Million

August 12, 2018 - By Sheila Pollock

Neogen Corporation (NASDAQ:NEOG) LogoInvestors sentiment increased to 6.71 in 2018 Q1. Its up 5.22, from 1.49 in 2017Q4. It increased, as 13 investors sold NEOG shares while 15 reduced holdings. 27 funds opened positions while 161 raised stakes. 90.94 million shares or 167.86% more from 33.95 million shares in 2017Q4 were reported. Great Lakes Advsrs Limited Liability Com accumulated 100,648 shares or 0.16% of the stock. Arcadia Mngmt Corporation Mi holds 0.07% or 3,962 shares. Riverhead Cap Mngmt Limited Liability Company stated it has 0.01% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Liberty Cap holds 49,403 shares. The New York-based Catalyst Capital Lc has invested 0.03% in Neogen Corporation (NASDAQ:NEOG). North Star Asset Incorporated holds 3,268 shares. Aureus Asset Management Ltd Liability Company stated it has 7,290 shares or 0.07% of all its holdings. Polen Cap Ltd Liability reported 5,763 shares. Cortina Asset Mngmt Limited Liability Corporation holds 404,345 shares. Legal And General Grp Public Ltd Llc holds 107,206 shares. Bessemer Grp invested in 0.01% or 35,859 shares. Strs Ohio invested 0% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Moreover, Wells Fargo & Mn has 0.01% invested in Neogen Corporation (NASDAQ:NEOG) for 342,166 shares. Tiaa Cref Ltd Llc reported 0.01% of its portfolio in Neogen Corporation (NASDAQ:NEOG). Brown Capital Management Limited Liability Com invested in 6.99M shares.

Since February 15, 2018, it had 0 insider purchases, and 22 selling transactions for $21.89 million activity. $417,223 worth of Neogen Corporation (NASDAQ:NEOG) was sold by BRADLEY EDWARD. REED THOMAS H also sold $440,286 worth of Neogen Corporation (NASDAQ:NEOG) on Friday, July 20. 5,000 shares were sold by Quinlan Steven J., worth $330,648. Shares for $1.27 million were sold by MORRICAL TERRI A. 1,020 Neogen Corporation (NASDAQ:NEOG) shares with value of $69,300 were sold by BOEHM WILLIAM T. Shares for $435,000 were sold by PAPESH G BRUCE on Wednesday, May 16.

Pnc Financial Services Group Inc decreased its stake in Neogen Corp (NASDAQ:NEOG) by 25.66% based on its latest 2018Q2 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 243,423 shares as the company’s stock rose 22.25% while stock markets declined. The institutional investor held 705,168 shares of the in vitro & in vivo diagnostic substances company at the end of 2018Q2, valued at $56.55 million, down from 948,591 at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Neogen Corp for a number of months, seems to be less bullish one the $4.33B market cap company. The stock decreased 0.21% or $0.18 during the last trading session, reaching $83.6. About 183,011 shares traded. Neogen Corporation (NASDAQ:NEOG) has risen 56.69% since August 13, 2017 and is uptrending. It has outperformed by 44.12% the S&P500.

Pnc Financial Services Group Inc, which manages about $101.32 billion US Long portfolio, upped its stake in Select Sector Spdr Tr (XLE) by 534,812 shares to 986,359 shares, valued at $74.91 million in 2018Q2, according to the filing. It also increased its holding in Wd (NASDAQ:WDFC) by 68,881 shares in the quarter, for a total of 71,316 shares, and has risen its stake in Simon Ppty Group Inc New (NYSE:SPG).

Neogen Corporation, together with its subsidiaries, develops, makes, and markets various products for food and animal safety worldwide. The company has market cap of $4.33 billion. It operates through two divisions, Food Safety and Animal Safety. It has a 69.09 P/E ratio. The Food Safety segment primarily offers diagnostic test kits and complementary to detect dangerous and/or unintended substances in human food and animal feed, such as foodborne pathogens, spoilage organisms, natural toxins, food allergens, genetic modifications, ruminant by-products, meat speciation, drug residues, pesticide residues, and general sanitation concerns; and AccuPoint Advanced rapid sanitation test for adenosine triphosphate, a chemical found in living cells.

More important recent Neogen Corporation (NASDAQ:NEOG) news were published by: Twst.com which released: “Derek Johnston, Portfolio Manager for Conestoga Capital, Owns Neogen (NASDAQ:NEOG), CoStar Group (NASDAQ …” on August 09, 2018, also Seekingalpha.com published article titled: “Neogen’s Story Continues To Work”, Benzinga.com published: “Earnings Preview For Neogen” on July 16, 2018. More interesting news about Neogen Corporation (NASDAQ:NEOG) was released by: Seekingalpha.com and their article: “Neogen Corporation (NEOG) CEO John Adent on Q4 2018 Results – Earnings Call Transcript” with publication date: July 17, 2018.

Neogen Corporation (NASDAQ:NEOG) Institutional Positions Chart

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