Retail Opportunity Investments Corp. (ROIC) Share Price Declined While Davis Selected Advisers Trimmed by $5.84 Million Its Position

Davis Selected Advisers decreased its stake in Retail Opportunity Investments Corp. (ROIC) by 52.47% based on its latest 2018Q4 regulatory filing with the SEC. Davis Selected Advisers sold 389,666 shares as the company’s stock declined 5.16% while stock markets rallied. The institutional investor held 352,915 shares of the real estate investment trusts company at the end of 2018Q4, valued at $5.60 million, down from 742,581 at the end of the previous reported quarter. Davis Selected Advisers who had been investing in Retail Opportunity Investments Corp. for a number of months, seems to be less bullish one the $2.21B market cap company. The stock decreased 0.23% or $0.04 during the last trading session, reaching $17.54. About 713,588 shares traded. Retail Opportunity Investments Corp. (NASDAQ:ROIC) has declined 3.21% since May 17, 2018 and is downtrending. It has underperformed by 7.58% the S&P500.

Davis Selected Advisers, which manages about $48.17 billion and $17.90B US Long portfolio, upped its stake in Yirendai Ltd. Adr by 400,671 shares to 2.64M shares, valued at $28.34M in 2018Q4, according to the filing. It also increased its holding in Applied Materials Inc. (NASDAQ:AMAT) by 2.65M shares in the quarter, for a total of 13.21 million shares, and has risen its stake in State Street Corp. (NYSE:STT).

Analysts await Retail Opportunity Investments Corp. (NASDAQ:ROIC) to report earnings on July, 24. They expect $0.28 EPS, up 3.70 % or $0.01 from last year’s $0.27 per share. ROIC’s profit will be $35.20M for 15.66 P/E if the $0.28 EPS becomes a reality. After $0.29 actual EPS reported by Retail Opportunity Investments Corp. for the previous quarter, Wall Street now forecasts -3.45 % negative EPS growth.

More notable recent Retail Opportunity Investments Corp. (NASDAQ:ROIC) news were published by: which released: “Plexus (PLXS) Down 6.9% Since Last Earnings Report: Can It Rebound? – Nasdaq” on May 17, 2019, also with their article: “Columbia Sportswear And Its Real Value – Columbia Sportswear Company (NASDAQ:COLM) – Seeking Alpha” published on May 09, 2019, published: “Plexus (PLXS) Q2 Earnings Miss Estimates, Revenues Beat – Nasdaq” on April 18, 2019. More interesting news about Retail Opportunity Investments Corp. (NASDAQ:ROIC) were released by: and their article: “Chart Industries to Acquire Harsco’s Air-X-Changers Business – Nasdaq” published on May 09, 2019 as well as‘s news article titled: “Retail Opportunity Investments Q1 2019 Earnings Preview – Seeking Alpha” with publication date: April 23, 2019.

Retail Opportunity Investments Corp. (NASDAQ:ROIC) Ratings Chart

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