Hengehold Capital Management LLC Has $613,000 Stake in Pimco Total Return ETF (BOND)

Hengehold Capital Management LLC grew its stake in Pimco Total Return ETF (NYSEARCA:BOND) by 20.2% in the 2nd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 5,951 shares of the exchange traded fund’s stock after acquiring an additional 1,000 shares during the period. Hengehold Capital Management LLC’s holdings in Pimco Total Return ETF were worth $613,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in BOND. Bank of New York Mellon Corp bought a new position in shares of Pimco Total Return ETF in the 4th quarter valued at about $215,000. Renaissance Technologies LLC bought a new position in shares of Pimco Total Return ETF in the 4th quarter valued at about $1,463,000. Raymond James & Associates grew its holdings in shares of Pimco Total Return ETF by 2.5% in the 4th quarter. Raymond James & Associates now owns 82,282 shares of the exchange traded fund’s stock valued at $8,722,000 after acquiring an additional 2,026 shares in the last quarter. Millennium Management LLC grew its holdings in shares of Pimco Total Return ETF by 8.5% in the 4th quarter. Millennium Management LLC now owns 7,398 shares of the exchange traded fund’s stock valued at $784,000 after acquiring an additional 577 shares in the last quarter. Finally, Financial Advocates Investment Management bought a new position in shares of Pimco Total Return ETF in the 4th quarter valued at about $273,000.

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Shares of NYSEARCA BOND traded up $0.04 during mid-day trading on Friday, hitting $103.17. The company had a trading volume of 1,010 shares, compared to its average volume of 99,932. Pimco Total Return ETF has a one year low of $101.92 and a one year high of $107.65.

The business also recently disclosed a monthly dividend, which was paid on Friday, July 6th. Stockholders of record on Tuesday, July 3rd were issued a $0.30 dividend. This represents a $3.60 annualized dividend and a dividend yield of 3.49%. The ex-dividend date of this dividend was Monday, July 2nd.

Read More: Do closed-end mutual funds pay dividends?

3 Macroeconomic Trends You Need To Know Now

The stock market has been climbing the wall of worry since the end of June when significant technical support at the 200-day simple moving average was violated on the downside. Since the plunge, the Dow Jones Industrial Average has rocketed above both the 50 and 200-day simple moving averages appearing to be on its way to test resistance in the 250 zone. �

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The craziest thing is the stock market is moving higher in the face of extraordinary bearish pressures. �

A brewing trade war with China, daily shocks from the White House, and geopolitical tensions can't seem to damper the bullish enthusiasm.

How can this be possible?
The reason is there are major macroeconomic trends that are crushing the day-to-day bearish economic chaos. These trends are so dominant that there is little that can interfere outside of an extreme, unexpected systematic shock. This article will explain the three major economic trends fueling the super bull market.

1. Low Global Interest Rates
Interest rates are a prime driver of stock prices.� Globally, interest rates have been ultra-low as central banks scramble to help their economies prosper.� Prime examples include a zero percent rate with the European Central Bank, a negative 0.75% rate in the Swiss economy and a 2% rate in the United States. At latest count, 17 out of 26 major central banks lowered interest rates at their last change. �

Wait, isn't the world's largest economy raising rates now?

Yes, the United States has entered a regime of climbing rates.� However, the Federal Reserve is well aware of how interest rates affect the stock market and overall economy.

While it is generally believed that climbing interest rates are damaging to the stock market, the truth is very different.

Evidence shows that it is the velocity and surprise factor of interest rate hikes that control how the stock market reacts. Over the last six significant periods of raising rates, the S&P 500 rallied 23% on average, according to a CNBC study.

Remember, the Fed is raising rates since the economy is rapidly expanding.� A growing economy is the ultimate bullish scenario.� As stated earlier, the Fed is cautious with the gentle rate increases by telegraphing them well in advance. �

For now, the lowest global interest rate trend, despite the upticks, remains a tremendous tailwind for stocks. �

2. Economic Growth
Ever-improving technology combined with higher consumer demand across most sectors has triggered an era of robust economic growth.� Gross domestic product (GDP) is one way to measure growth.� It is viewed over time via trends rather than a simple snapshot.

Helping gain an overall perspective, TradingEconomics.com provides an excellent historical look at U.S. GDP: "GDP Growth Rate in the United States averaged 3.21 percent from 1947 until 2018, reaching an all-time high of 16.90 percent in the first quarter of 1950 and a record low of -10 percent in the first quarter of 1958."

While the growth rate from 2010 to 2016 averaged around 2%, it has jumped to an average of 2.5% over the last eighteen months.

While it is good to see the U.S. GDP trending higher, what has me most bullish is global growth in emerging markets

First, let's take a look at Asia. The Asian Development Bank (ADB) has kept its growth estimates at 5.9-6.0% despite the pending Chinese tariffs.� However, the ADB did add that clear risk exists should the tariff threat escalate. �

According to FMG Funds, the prime factor in the bullish global growth outlook from 2017 to 2018 is the emerging market sector. Emerging markets are projected to expand at an estimated 4.9% in 2018 and is forecast to reach 5% for 2019. Growth is predicted to continue into 2021 at 5.1%. �

Perhaps the most bullish factor for emerging markets growth is equity valuations.� Presently, emerging market equities boast a cyclically adjusted P/E multiple of around 12.8 times. The long-term average is 25 times -- indicating that emerging market stocks are trading at an incredible discount. When compared with developed markets, emerging markets trade at approximately 23% discount. I expect the discount to continue to attract significant institutional allocations pushing the sector higher over the long term.

Not only will the emerging markets growth trend continue to lead the global economy higher, but significant opportunities also exist in the sector for all investors!

3. Consumer Confidence
Consumer confidence is a prime driver of economic growth and stock prices.� Confident consumers spend money, which in turn fuels economic expansion, leading to the subsequent improvement in corporate bottom lines. Consumer spending is a huge factor, accounting for 70% of U.S. economic.

The metric soared to 130 in February 2018 marking the highest level in nearly two decades. The trend of consumer confidence riding near record highs is a macro trend that will continue to push stocks higher.

Risks To Consider: Despite my bullish optimism, no one knows what the future holds. Always use stops and position size wisely when investing!

Action To Take: Stay long and consider diversifying into emerging markets.

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Should You Buy Netflix Stock After Earnings Beat?

Netflix (NASDAQ:NFLX) is being beat like a drum after reporting its second-quarter earnings results. Expectations were high going into the report, given that shares have more than doubled so far this year. While Netflix earnings came in ahead of estimates, revenue missed the mark.

Earnings of 85 cents a share beat estimates looking for 79 cents. However, the $3.91 billion in sales missed estimates of $3.94 billion. That’s a no-no for a momentum stock like Netflix. However, the company’s subscriber result is the real culprit here. The streaming giant added “just” 5.15 million subscribers during the quarter, well short of its prior guide of 6.2 million and analysts’ estimates of 6.27 million.

Wow, what happened there? That’s surely something management will address during the conference call. Depending on how they handle it will likely determine whether the initial 8% after-hours selloff is just the start of a larger selloff, or if it’s an attractive buying opportunity.

While the conference call can change investor sentiment, along with more volume in the upcoming regular-hours trading session, this shortcoming will be hard to shake off. Investors can shrug off a revenue miss, but a subscriber miss this big will be hard to ignore.

Trading Netflix Earnings

Earnings are one of the most difficult events to trade. Even good results can have a poor reaction depending on how the stock has performed leading up to it. As of Monday’s close, Netflix stock was up almost 30% over the past three months.

That’s a massive gain for any company, let alone one that is now up 108% so far in 2018. On that basis, it was hard to buy shares ahead of Netflix earnings results. That said, shares did pullback in the days leading up to the report, falling from roughly $420 to $400. Surprisingly, that made it even trickier, because despite the pullback, NFLX was still sporting lofty gains.

So what now?

The initial after-hours move has Netflix trading near $368. It has essentially knocked the stock down to its 50-day moving average. However, short of management talking their way out of this big subscriber miss, I would be leery of this level holding.

If it does hold, the 50-day test will be a success. That said, I wouldn’t rule out the $330 to $340 level being hit. That’s where NFLX’s 100-day moving average is, as well as a previous breakout level. Assuming the losses stick, investors’ best bet might be to let the stock settle for a few days and see how it looks then.

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It will also be interesting to see how it impacts tech on Tuesday, and in particular FANG — Facebook (NASDAQ:FB), Amazon (NASDAQ:AMZN) and Alphabet (NASDAQ:GOOG, NASDAQ:GOOGL).

Evaluating Netflix Earnings

Investors couldn’t value Netflix with traditional metrics, as its story has never been about earnings or free-cash flow. By the way, the latter of those two figures came in negative (as expected), more than $500 million below breakeven. Netflix is spending roughly 50% of its revenue on content this year and isn’t putting the brakes on anytime soon.

No, this isn’t a profit story or even a revenue story right now. It’s all about subscribers. NFLX has crushed this metric for the last four quarters, leading to its meteoric rise. It’s what allowed it to pass Walt Disney Co (NYSE:DIS) in market cap and made it one of the most captivating FANG stocks.

For the second-quarter, Netflix added just 670,000 new subscribers in the U.S., below its prior guide of 1.2 million. Internationally, its 4.47 million subscribers added came up short of its guide for 5 million.

One bad quarter of subscriber growth can be overlooked, but its third-quarter guide has investors really hitting the “sell” button. The company expects to add 5 million total subscribers (domestic and international), 1 million short of analysts’ estimates and less than its second-quarter results.

So what’s the takeaway here? The market isn’t going to like Netflix earnings report and as of now anyway, the stock appears to have lost its mojo. Investors looking for a long-term buying opportunity may find this as their chance, but let’s allow the dust to settle first and see where support comes into play. I want to see how it trades on Tuesday as well. It will also be interesting to see if investors start to migrate back to DIS stock.

Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. Bret Kenwell held no position in any stock mentioned. 

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Is Falling Short Interest in Banks a Good Sign Ahead of Earnings?

The financial sector was a major part of the Great Recession, and it has been a major part of the recovery and raging bull market since then. Generally speaking, the major financial institutions in the United States are a good barometer of the current state of U.S. markets.

So when short sellers make a play against these major banks, they are effectively betting for a downturn. Conversely, when they back off they might be expecting a surge. Granted, some plays are directly against individual companies, like we saw with Wells Fargo early in 2017.

The June 29 short interest data have been compared with the previous figures, and short interest in these selected big bank stocks was lower.

Bank of America Corp. (NYSE: BAC) saw its short interest fall to 111.83 million shares. The previous level was 112.25 million. Shares were last seen trading at $28.84, in a 52-week range of $22.75 to $33.05.

The number of JPMorgan Chase & Co. (NYSE: JPM) shares short fell to 18.63 million from the previous level of 21.94 million. Shares recently traded at $106.36, in a 52-week range of $88.08 to $119.33.

Citigroup Inc. (NYSE: C) short interest decreased to 17.43 million from the previous level of 18.49 million. Shares were trading at $68.181, in a 52-week range of $64.38 to $80.70.

Wells Fargo & Co. (NYSE: WFC) short interest dropped to 35.95 million shares from the previous reading of 40.62 million. Shares were trading at $55.80, within a 52-week range of $49.27 to $66.31.

Short interest in Goldman Sachs Group Inc. (NYSE: GS) decreased to 4.23 million shares from the previous 4.51 million. The stock recently traded at $226.58, within a 52-week range of $214.64 to $275.31.

Morgan Stanley��s (NYSE: MS) short interest for this settlement date was 9.43 million shares, down from the previous 10.07 million. Shares were changing hands at $47.96 in a 52-week range of $43.84 to $59.38.

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Brokerages Anticipate Select Medical Holdings Co. (SEM) Will Post Earnings of $0.36 Per Share

Wall Street analysts expect that Select Medical Holdings Co. (NYSE:SEM) will post $0.36 earnings per share (EPS) for the current fiscal quarter, Zacks reports. Two analysts have provided estimates for Select Medical’s earnings. The lowest EPS estimate is $0.33 and the highest is $0.38. Select Medical posted earnings per share of $0.32 in the same quarter last year, which would indicate a positive year over year growth rate of 12.5%. The business is expected to issue its next earnings report after the market closes on Thursday, August 2nd.

On average, analysts expect that Select Medical will report full year earnings of $1.05 per share for the current fiscal year, with EPS estimates ranging from $1.03 to $1.08. For the next fiscal year, analysts forecast that the company will report earnings of $1.27 per share, with EPS estimates ranging from $1.22 to $1.30. Zacks Investment Research’s EPS averages are an average based on a survey of research firms that that provide coverage for Select Medical.

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Select Medical (NYSE:SEM) last announced its quarterly earnings data on Thursday, May 3rd. The health services provider reported $0.29 earnings per share (EPS) for the quarter, beating the Thomson Reuters’ consensus estimate of $0.26 by $0.03. Select Medical had a net margin of 4.23% and a return on equity of 15.19%. The company had revenue of $1.25 billion during the quarter, compared to analysts’ expectations of $1.23 billion. During the same period in the previous year, the company earned $0.21 EPS. The business’s quarterly revenue was up 14.7% compared to the same quarter last year.

A number of brokerages recently weighed in on SEM. Zacks Investment Research raised shares of Select Medical from a “sell” rating to a “hold” rating in a research report on Tuesday. ValuEngine cut shares of Select Medical from a “strong-buy” rating to a “buy” rating in a research report on Monday, May 7th. Four analysts have rated the stock with a hold rating and six have given a buy rating to the company. The stock has an average rating of “Buy” and a consensus target price of $20.63.

In other Select Medical news, VP Robert G. Breighner, Jr. sold 3,428 shares of the business’s stock in a transaction on Tuesday, May 8th. The shares were sold at an average price of $18.03, for a total value of $61,806.84. Following the transaction, the vice president now owns 31,589 shares in the company, valued at approximately $569,549.67. The sale was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this link. Also, Chairman Robert A. Ortenzio sold 100,276 shares of the business’s stock in a transaction on Friday, May 18th. The stock was sold at an average price of $18.53, for a total transaction of $1,858,114.28. Following the completion of the transaction, the chairman now owns 7,225,885 shares in the company, valued at approximately $133,895,649.05. The disclosure for this sale can be found here. Over the last ninety days, insiders have sold 640,931 shares of company stock valued at $11,901,380. 19.86% of the stock is owned by corporate insiders.

A number of hedge funds have recently modified their holdings of SEM. Teacher Retirement System of Texas acquired a new position in Select Medical in the 4th quarter worth $650,000. Swiss National Bank lifted its holdings in Select Medical by 2.6% in the 4th quarter. Swiss National Bank now owns 179,100 shares of the health services provider’s stock worth $3,161,000 after buying an additional 4,600 shares in the last quarter. Arizona State Retirement System lifted its holdings in Select Medical by 225.8% in the 4th quarter. Arizona State Retirement System now owns 179,943 shares of the health services provider’s stock worth $3,176,000 after buying an additional 124,720 shares in the last quarter. Rhumbline Advisers lifted its holdings in Select Medical by 15.0% in the 4th quarter. Rhumbline Advisers now owns 242,898 shares of the health services provider’s stock worth $4,287,000 after buying an additional 31,749 shares in the last quarter. Finally, BlackRock Inc. lifted its holdings in Select Medical by 3.0% in the 4th quarter. BlackRock Inc. now owns 13,836,694 shares of the health services provider’s stock worth $244,216,000 after buying an additional 408,230 shares in the last quarter. Hedge funds and other institutional investors own 75.70% of the company’s stock.

Select Medical traded up $0.15, reaching $18.85, during trading on Monday, MarketBeat reports. 312,337 shares of the company’s stock were exchanged, compared to its average volume of 526,936. The company has a current ratio of 1.66, a quick ratio of 1.66 and a debt-to-equity ratio of 3.60. Select Medical has a 52-week low of $14.80 and a 52-week high of $19.77. The stock has a market cap of $2.51 billion, a price-to-earnings ratio of 19.43, a price-to-earnings-growth ratio of 1.27 and a beta of 1.34.

Select Medical Company Profile

Select Medical Holdings Corporation, through its subsidiary, Select Medical Corporation, operates acute care hospitals (LTCHs), inpatient rehabilitation facilities (IRFs), outpatient rehabilitation clinics, and occupational medicine centers in the United States. The company operates through four segments: Long Term Acute Care, Inpatient Rehabilitation, Outpatient Rehabilitation, and Concentra.

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Research Analysts Issue Forecasts for General Motors’ Q2 2018 Earnings (GM)

General Motors (NYSE:GM) (TSE:GMM.U) – Investment analysts at Jefferies Financial Group issued their Q2 2018 earnings estimates for General Motors in a report issued on Thursday, July 5th. Jefferies Financial Group analyst P. Houchois expects that the auto manufacturer will earn $1.83 per share for the quarter.

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Several other research analysts also recently commented on GM. Zacks Investment Research raised shares of General Motors from a “hold” rating to a “buy” rating and set a $46.00 price target on the stock in a research note on Thursday, June 28th. ValuEngine downgraded shares of General Motors from a “buy” rating to a “hold” rating in a research note on Thursday, June 21st. Citigroup reaffirmed a “hold” rating and issued a $70.00 price target on shares of General Motors in a research note on Friday, April 27th. JPMorgan Chase & Co. reaffirmed an “overweight” rating and issued a $55.00 price target (down previously from $56.00) on shares of General Motors in a research note on Tuesday, March 13th. Finally, Bank of America reaffirmed a “buy” rating and issued a $60.00 price target on shares of General Motors in a research note on Friday, June 15th. Two investment analysts have rated the stock with a sell rating, nine have issued a hold rating and fourteen have given a buy rating to the stock. The company currently has an average rating of “Hold” and an average target price of $47.45.

General Motors opened at $39.47 on Friday, Marketbeat Ratings reports. The stock has a market capitalization of $54.93 billion, a P/E ratio of 6.20, a P/E/G ratio of 1.10 and a beta of 1.64. General Motors has a 12 month low of $34.50 and a 12 month high of $46.76. The company has a current ratio of 0.86, a quick ratio of 0.73 and a debt-to-equity ratio of 1.96.

General Motors (NYSE:GM) (TSE:GMM.U) last posted its quarterly earnings results on Thursday, April 26th. The auto manufacturer reported $1.43 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $1.24 by $0.19. The company had revenue of $36.10 billion for the quarter, compared to the consensus estimate of $34.67 billion. General Motors had a negative net margin of 3.76% and a positive return on equity of 23.03%. The firm’s revenue was down 12.4% compared to the same quarter last year. During the same quarter last year, the firm posted $1.70 EPS.

Several large investors have recently added to or reduced their stakes in the company. BlackRock Inc. boosted its holdings in shares of General Motors by 1.4% in the 1st quarter. BlackRock Inc. now owns 78,008,491 shares of the auto manufacturer’s stock valued at $2,834,827,000 after buying an additional 1,086,199 shares in the last quarter. Franklin Resources Inc. boosted its holdings in shares of General Motors by 13.7% in the 1st quarter. Franklin Resources Inc. now owns 24,874,605 shares of the auto manufacturer’s stock valued at $903,943,000 after buying an additional 3,005,964 shares in the last quarter. LSV Asset Management boosted its holdings in shares of General Motors by 3.7% in the 1st quarter. LSV Asset Management now owns 11,199,985 shares of the auto manufacturer’s stock valued at $407,007,000 after buying an additional 404,722 shares in the last quarter. Millennium Management LLC boosted its holdings in shares of General Motors by 78.1% in the 4th quarter. Millennium Management LLC now owns 6,810,691 shares of the auto manufacturer’s stock valued at $279,170,000 after buying an additional 2,986,293 shares in the last quarter. Finally, Clearbridge Investments LLC boosted its holdings in shares of General Motors by 11.7% in the 4th quarter. Clearbridge Investments LLC now owns 5,909,082 shares of the auto manufacturer’s stock valued at $242,213,000 after buying an additional 616,703 shares in the last quarter. Institutional investors and hedge funds own 73.30% of the company’s stock.

In other General Motors news, EVP Alan S. Batey sold 215,685 shares of the firm’s stock in a transaction dated Friday, June 1st. The shares were sold at an average price of $43.01, for a total transaction of $9,276,611.85. Following the transaction, the executive vice president now owns 84,594 shares of the company’s stock, valued at approximately $3,638,387.94. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at the SEC website. Company insiders own 0.39% of the company’s stock.

The firm also recently announced a quarterly dividend, which was paid on Friday, June 22nd. Shareholders of record on Friday, June 8th were given a dividend of $0.38 per share. This represents a $1.52 dividend on an annualized basis and a yield of 3.85%. The ex-dividend date was Thursday, June 7th. General Motors’s dividend payout ratio (DPR) is 22.96%.

General Motors Company Profile

General Motors Company, together with its subsidiaries, designs, builds, and sells cars, trucks, crossovers, and automobile parts worldwide. The company operates through GM North America, GM International, and GM Financial segments. It markets its vehicles primarily under the Buick, Cadillac, Chevrolet, GMC, Holden, Baojun, Jiefang, and Wuling brand names.

Dine Brands Global (DIN) Rating Lowered to Hold at Zacks Investment Research

Dine Brands Global (NYSE:DIN) was downgraded by Zacks Investment Research from a “strong-buy” rating to a “hold” rating in a research note issued to investors on Tuesday.

According to Zacks, “Dine Brands Global, Inc. is a full-service dining company. It operates and franchises restaurants under both the Applebee’s Neighborhood Grill & Bar and IHOP brands. The company’s Applebee’s restaurants offer casual food, drinks, casual dining, and table services and IHOP restaurants provide full table services, and food and beverage offerings. Dine Brands Global, Inc. formerly known as Dine Equity Inc., is headquartered in Glendale, California. “

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Separately, Maxim Group restated a “buy” rating and issued a $95.00 price objective on shares of Dine Brands Global in a report on Tuesday, May 8th. One investment analyst has rated the stock with a sell rating, three have assigned a hold rating and two have given a buy rating to the stock. The stock has a consensus rating of “Hold” and an average target price of $89.00.

Shares of Dine Brands Global opened at $74.36 on Tuesday, Marketbeat Ratings reports. The company has a quick ratio of 1.31, a current ratio of 1.31 and a debt-to-equity ratio of -6.30. Dine Brands Global has a 1 year low of $36.71 and a 1 year high of $82.62. The firm has a market cap of $1.34 billion, a price-to-earnings ratio of 17.92 and a beta of 0.08.

Dine Brands Global (NYSE:DIN) last announced its quarterly earnings data on Wednesday, May 2nd. The restaurant operator reported $1.11 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $1.10 by $0.01. The business had revenue of $188.20 million during the quarter, compared to analyst estimates of $155.46 million. Dine Brands Global had a negative return on equity of 91.75% and a negative net margin of 51.53%. The company’s revenue was down 1.7% on a year-over-year basis. During the same quarter in the prior year, the firm posted $1.22 earnings per share. equities analysts expect that Dine Brands Global will post 5.11 EPS for the current year.

In other news, Director Gilbert T. Ray sold 17,868 shares of the company’s stock in a transaction on Monday, May 7th. The stock was sold at an average price of $75.90, for a total transaction of $1,356,181.20. Following the completion of the sale, the director now directly owns 7,500 shares of the company’s stock, valued at $569,250. The sale was disclosed in a document filed with the SEC, which is available at the SEC website. Also, Director Larry Alan Kay sold 400 shares of the company’s stock in a transaction on Thursday, May 10th. The shares were sold at an average price of $77.19, for a total value of $30,876.00. Following the sale, the director now directly owns 8,199 shares of the company’s stock, valued at $632,880.81. The disclosure for this sale can be found here. Corporate insiders own 2.75% of the company’s stock.

Several hedge funds and other institutional investors have recently made changes to their positions in DIN. Schwab Charles Investment Management Inc. lifted its holdings in shares of Dine Brands Global by 10.8% during the fourth quarter. Schwab Charles Investment Management Inc. now owns 170,224 shares of the restaurant operator’s stock valued at $8,636,000 after purchasing an additional 16,535 shares during the last quarter. Teacher Retirement System of Texas purchased a new stake in shares of Dine Brands Global during the fourth quarter valued at $301,000. California Public Employees Retirement System lifted its holdings in shares of Dine Brands Global by 18.2% during the fourth quarter. California Public Employees Retirement System now owns 65,593 shares of the restaurant operator’s stock valued at $3,328,000 after purchasing an additional 10,108 shares during the last quarter. Arizona State Retirement System lifted its holdings in shares of Dine Brands Global by 223.1% during the fourth quarter. Arizona State Retirement System now owns 30,233 shares of the restaurant operator’s stock valued at $1,534,000 after purchasing an additional 20,876 shares during the last quarter. Finally, Rhumbline Advisers lifted its holdings in shares of Dine Brands Global by 13.4% during the fourth quarter. Rhumbline Advisers now owns 42,910 shares of the restaurant operator’s stock valued at $2,177,000 after purchasing an additional 5,055 shares during the last quarter. 97.14% of the stock is owned by institutional investors and hedge funds.

Dine Brands Global Company Profile

Dine Brands Global, Inc, together with its subsidiaries, owns, franchises, operates, and rents full-service restaurants in the United States and internationally. It operates through four segments: Franchise Operations, Rental Operations, Company Restaurant Operations, and Financing Operations. The company owns and franchises two restaurant concepts, including Applebee's Neighborhood Grill & Bar (Applebee's) in the bar and grill segment of the casual dining category of the restaurant industry; and International House of Pancakes (IHOP) in the family dining category of the restaurant industry.

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