Scharf Investments LLC Has Raised Its Dollar Gen Corp New (DG) Position by $53.36 Million

December 7, 2017 - By Richard Conner

Investors sentiment increased to 0.98 in 2017 Q2. Its up 0.03, from 0.95 in 2017Q1. It improved, as 62 investors sold DG shares while 193 reduced holdings. 71 funds opened positions while 178 raised stakes. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Carroll reported 0% in Dollar General Corporation (NYSE:DG). Parkside Fin Commercial Bank And Trust owns 159 shares or 0% of their US portfolio. Capital Interest Ca has invested 0.33% in Dollar General Corporation (NYSE:DG). Tdam Usa Inc holds 0.37% or 100,697 shares in its portfolio. Moreover, Amf Pensionsforsakring Ab has 0.04% invested in Dollar General Corporation (NYSE:DG) for 45,200 shares. Huntington Fincl Bank holds 0% of its portfolio in Dollar General Corporation (NYSE:DG) for 1,965 shares. At Bancshares invested 0.04% of its portfolio in Dollar General Corporation (NYSE:DG). Pine River Capital Lp invested 0.36% in Dollar General Corporation (NYSE:DG). Tetrem Mgmt Ltd has invested 1.82% in Dollar General Corporation (NYSE:DG). Vigilant Cap Ltd Com invested 1.25% of its portfolio in Dollar General Corporation (NYSE:DG). Lpl Fincl Ltd Liability reported 42,288 shares. State Board Of Administration Of Florida Retirement Systems stated it has 0.08% of its portfolio in Dollar General Corporation (NYSE:DG). Stelliam Investment Ltd Partnership has 765,000 shares for 1.78% of their portfolio. Moody Bancorporation Tru Division holds 0.02% of its portfolio in Dollar General Corporation (NYSE:DG) for 6,771 shares. 1,227 are held by Global X Ltd Liability Company.

Scharf Investments Llc increased its stake in Dollar Gen Corp New (DG) by 36.97% based on its latest 2017Q2 regulatory filing with the SEC. Scharf Investments Llc bought 741,049 shares as the company’s stock declined 7.36% while stock markets rallied. The institutional investor held 2.75M shares of the department and specialty retail stores company at the end of 2017Q2, valued at $197.92 million, up from 2.00 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Dollar Gen Corp New for a number of months, seems to be bullish on the $25.51 billion market cap company. The stock increased 2.77% or $2.52 during the last trading session, reaching $93.37. About 6.47 million shares traded or 159.14% up from the average. Dollar General Corporation (NYSE:DG) has declined 12.26% since December 7, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

Scharf Investments Llc, which manages about $2.69 billion and $4.26 billion US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 619,765 shares to 1.06M shares, valued at $151.97M in 2017Q2, according to the filing. It also reduced its holding in Canadian Pac Ry Ltd (NYSE:CP) by 184,974 shares in the quarter, leaving it with 1,875 shares, and cut its stake in Motorola Solutions Inc (NYSE:MSI).

More notable recent Dollar General Corporation (NYSE:DG) news were published by: Nasdaq.com which released: “January 2018 Options Now Available For Dollar General (DG)” on December 07, 2017, also Nasdaq.com with their article: “Mid-Morning Market Update: Markets Rise; Dollar General Beats Q3 Expectations” published on December 07, 2017, Nasdaq.com published: “Earnings Reaction History: Dollar General Corporation, 72.7% Follow-Through …” on December 07, 2017. More interesting news about Dollar General Corporation (NYSE:DG) were released by: Bizjournals.com and their article: “Dollar General’s surge gets the attention of The Wall Street Journal” published on December 05, 2017 as well as Wsj.com‘s news article titled: “How Dollar General Became Rural America’s Store of Choice” with publication date: December 04, 2017.

Dollar General Corporation (NYSE:DG) Ratings Coverage

Among 29 analysts covering Dollar General Corp. (NYSE:DG), 14 have Buy rating, 3 Sell and 12 Hold. Therefore 48% are positive. Dollar General Corp. had 92 analyst reports since August 13, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Macquarie Research on Monday, April 4. The firm earned “Outperform” rating on Friday, May 27 by RBC Capital Markets. The stock of Dollar General Corporation (NYSE:DG) has “Neutral” rating given on Tuesday, November 14 by Goldman Sachs. Buckingham Research maintained the stock with “Neutral” rating in Wednesday, April 19 report. The firm has “Hold” rating given on Thursday, June 1 by BMO Capital Markets. The stock of Dollar General Corporation (NYSE:DG) has “Neutral” rating given on Thursday, August 25 by Credit Suisse. Deutsche Bank maintained the shares of DG in report on Wednesday, October 7 with “Buy” rating. As per Friday, May 27, the company rating was maintained by Telsey Advisory Group. BMO Capital Markets maintained the stock with “Hold” rating in Tuesday, August 22 report. As per Friday, May 27, the company rating was maintained by Deutsche Bank.

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