Sentry Investments Corp. Lowers stake in Progressive Waste Solutions Ltd (USA) (BIN)

Progressive Waste Solutions Ltd (USA) (BIN) : Sentry Investments Corp. reduced its stake in Progressive Waste Solutions Ltd (USA) by 3.55% during the most recent quarter end. The investment management company now holds a total of 7,427,748 shares of Progressive Waste Solutions Ltd (USA) which is valued at $248.6 Million after selling 273,380 shares in Progressive Waste Solutions Ltd (USA) , the firm said in a disclosure report filed with the SEC on May 13, 2016.Progressive Waste Solutions Ltd (USA) makes up approximately 3.59% of Sentry Investments Corp.’s portfolio.

Other Hedge Funds, Including , Marshall Wace Llp sold out all of its stake in BIN during the most recent quarter. The investment firm sold 47,512 shares of BIN which is valued $1.6 Million. Gsa Capital Partners Llp added BIN to its portfolio by purchasing 15,990 company shares during the most recent quarter which is valued at $535,185. Progressive Waste Solutions Ltd (USA) makes up approx 0.03% of Gsa Capital Partners Llp’s portfolio.Alpine Woods Capital Investors reduced its stake in BIN by selling 59,000 shares or 51.13% in the most recent quarter. The Hedge Fund company now holds 56,400 shares of BIN which is valued at $1.9 Million. Progressive Waste Solutions Ltd (USA) makes up approx 0.11% of Alpine Woods Capital Investors’s portfolio.Gabelli Funds reduced its stake in BIN by selling 5,000 shares or 1.11% in the most recent quarter. The Hedge Fund company now holds 443,700 shares of BIN which is valued at $14.6 Million. Progressive Waste Solutions Ltd (USA) makes up approx 0.09% of Gabelli Funds’s portfolio. Kassirer Asset Management Corp added BIN to its portfolio by purchasing 82,077 company shares during the most recent quarter which is valued at $2.7 Million. Progressive Waste Solutions Ltd (USA) makes up approx 3.20% of Kassirer Asset Management Corp’s portfolio.

Progressive Waste Solutions Ltd (USA) closed down -1.13 points or -3.36% at $32.55 with 11,70,140 shares getting traded on Wednesday. Post opening the session at $33.7, the shares hit an intraday low of $32.55 and an intraday high of $33.72 and the price fluctuated in this range throughout the day.Shares ended Wednesday session in Red.

On the company’s financial health, Progressive Waste Solutions Ltd (USA) reported $0.25 EPS for the quarter, beating the analyst consensus estimate by $ 0.05 according to the earnings call on Apr 27, 2016. Analyst had a consensus of $0.20. The company had revenue of $471.40 million for the quarter, compared to analysts expectations of $459.16 million. The company’s revenue was up 2.4% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.25 EPS.

Many Wall Street Analysts have commented on Progressive Waste Solutions Ltd (USA). Company shares were Reiterated by RBC Capital Mkts on Apr 25, 2016 to “Outperform”, Firm has raised the Price Target to $ 35 from a previous price target of $33 .Progressive Waste Solutions Ltd (USA) was Downgraded by KeyBanc Capital Mkts to ” Sector Weight” on Apr 15, 2016. Progressive Waste Solutions Ltd (USA) was Upgraded by Credit Suisse to ” Neutral” on Feb 25, 2016.

Progressive Waste Solutions Ltd. is a waste management company. The Company provides non-hazardous solid waste collection recycling and disposal services to commercial industrial municipal and residential customers in approximately 13 United States and the District of Columbia and six Canadian provinces. The Company conducts its business through three geographic regions: the East West and North regions. The Company’s East region includes Florida New York New Jersey Pennsylvania Maryland Virginia and the District of Columbia. The West region includes Texas Louisiana Oklahoma Arkansas Mississippi Missouri and Illinois. The North region includes the Canadian provinces of British Columbia Alberta Manitoba Saskatchewan Ontario and Quebec.

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