Blue Harbour Group buys $345,049,812 stake in Investors Bancorp (ISBC)

Investors Bancorp (ISBC) : Blue Harbour Group scooped up 1,892,400 additional shares in Investors Bancorp during the most recent quarter end , the firm said in a disclosure report filed with the SEC on Aug 15, 2016. The investment management firm now holds a total of 30,562,428 shares of Investors Bancorp which is valued at $345,049,812.Investors Bancorp makes up approximately 11.04% of Blue Harbour Group’s portfolio.

Other Hedge Funds, Including , Bluecrest Capital Management Ltd boosted its stake in ISBC in the latest quarter, The investment management firm added 319,203 additional shares and now holds a total of 523,323 shares of Investors Bancorp which is valued at $5,908,317. Investors Bancorp makes up approx 0.49% of Bluecrest Capital Management Ltd’s portfolio. Paradigm Asset Management Co sold out all of its stake in ISBC during the most recent quarter. The investment firm sold 54,400 shares of ISBC which is valued $614,176. Aperio Group sold out all of its stake in ISBC during the most recent quarter. The investment firm sold 10,719 shares of ISBC which is valued $121,018.Profund Advisors reduced its stake in ISBC by selling 219 shares or 1.44% in the most recent quarter. The Hedge Fund company now holds 14,948 shares of ISBC which is valued at $168,763. Investors Bancorp makes up approx 0.01% of Profund Advisors’s portfolio.

Investors Bancorp closed down -0.15 points or -1.22% at $12.1 with 36,40,659 shares getting traded on Thursday. Post opening the session at $12.25, the shares hit an intraday low of $12.05 and an intraday high of $12.295 and the price fluctuated in this range throughout the day.Shares ended Thursday session in Red.

On the company’s financial health, Investors Bancorp reported $0.15 EPS for the quarter, beating the analyst consensus estimate by $ 0.01 according to the earnings call on Jul 27, 2016. Analyst had a consensus of $0.14.Analysts expectations of $ 164.98.During the same quarter in the previous year, the company posted $0.14 EPS.

Many Wall Street Analysts have commented on Investors Bancorp. Investors Bancorp was Upgraded by Piper Jaffray to ” Overweight” on Aug 19, 2016.

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