Pension Fund Stock Purchases
Ohio Pension Fund Acquires $5.7 Million Across Five Publicly Traded Stocks
Anonymous
Key Points
1
Post Holdings is owned by 94.85% of hedge funds and other institutional investors. Recent notable purchases included Diamond Hill Capital Management’s roughly $54.6 million position and Quantinno Capital Management’s 462,631 shares.
2
Colliers International Group shares opened at $95.30, with the stock trading between a 12-month low of $88.38 and high of $171.51. The company reported a market capitalization of about $4.87 billion and a debt-to-equity ratio of 1.61.
3
BlackRock remained Safehold’s largest highlighted institutional investor after increasing its position by 2.1% to 9,938,575 shares, valued at approximately $156 million.
4
The Ohio retirement system’s Scotts Miracle-Gro purchase amounted to 19,421 shares, while Elevation Wealth Partners increased its own holdings by 394.1% during the second quarter.
5
For Ollie’s Bargain Outlet, Wells Fargo and Piper Sandler each set a $98 price target, while JPMorgan raised its target from $70 to $73 but maintained a neutral rating.
Ohio's public pension fund deployed $5.7 million across five stocks in the second quarter, according to regulatory filings. The Public Employees Retirement System of Ohio bought stakes in Post Holdings ($1.02M), Colliers International ($1.03M), Safehold ($997K), Scotts Miracle-Gro ($1.32M), and Ollie's Bargain Outlet ($1.38M), signaling confidence in these mid-cap companies Watchlist News.
Post Holdings Draws Hedge Fund Interest
Post Holdings is heavily owned by institutional investors and hedge funds, which control 94.85% of shares outstanding Watchlist News. Diamond Hill Capital Management recently built a $54.6 million position in the food company. Quantinno Capital Management also accumulated 462,631 shares, showing strong institutional appetite for the stock.
Colliers Trades Near 52-Week High
Colliers International Group shares opened at $95.30 in the quarter, with prices ranging from a 12-month low of $88.38 to a high of $171.51 Watchlist News. The commercial real estate services company has a market cap of $4.87 billion and carries a debt-to-equity ratio of 1.61, indicating moderate leverage.
BlackRock Grows Safehold Position to $156 Million
BlackRock remains the largest highlighted institutional investor in Safehold, the real estate investment trust Watchlist News. The asset manager increased its stake by 2.1% to 9,938,575 shares worth approximately $156 million. Safehold paid a quarterly dividend equivalent to an annualized yield of about 4.8%, making it attractive for income-focused investors.
Analyst Split on Ollie's Discount Retailer
Wall Street holds mixed views on Ollie's Bargain Outlet following Ohio's $1.38 million purchase. Wells Fargo and Piper Sandler each set a $98 price target on the discount retailer Ticker Report. JPMorgan raised its target from $70 to $73 but kept a neutral rating, suggesting limited upside from current levels.
Sentiment
Mostly PositiveNEGATIVENEUTRALPOSITIVE
Publishers
18
Articles
10
Reach
28
A
AnonymousAuthor
