Tribune Investment Group LP Acquires New Stake in DPC Holdings PLC $DPC

Tribune Investment Group LP bought a new position in DPC Holdings PLC (NYSE:DPC) in the second quarter, according to its most recent disclosure with the Securities and Exchange Commission. The institutional investor bought 63,300 shares of the company’s stock, valued at approximately $3,105,000. DPC accounts for 1.3% of Tribune Investment Group LP’s investment portfolio, making the stock its 28th largest holding.

Separately, SurgoCap Partners LP acquired a new stake in shares of DPC in the 2nd quarter valued at about $31,336,000.

Wall Street Analysts Forecast Growth

A number of brokerages have recently commented on DPC. Jefferies Financial Group assumed coverage on DPC in a report on Monday, July 20th. They issued a “buy” rating and a $56.00 price target on the stock. Wall Street Zen upgraded DPC to a “hold” rating in a report on Saturday, July 4th. Zacks Research raised DPC to a “hold” rating in a research report on Tuesday, July 21st. Rothschild & Co Redburn started coverage on DPC in a research report on Monday, July 20th. They set a “buy” rating and a $53.50 price target for the company. Finally, Morgan Stanley upped their price target on DPC from $47.00 to $59.00 and gave the stock an “equal weight” rating in a research report on Wednesday, August 12th. Three research analysts have rated the stock with a Buy rating and two have given a Hold rating to the stock. According to MarketBeat, DPC has a consensus rating of “Moderate Buy” and an average price target of $57.62.

Insider Activity at DPC

In other DPC news, COO Jason Mays bought 85,973 shares of the firm’s stock in a transaction that occurred on Friday, June 26th. The shares were acquired at an average cost of $33.00 per share, with a total value of $2,837,109.00. Following the acquisition, the chief operating officer owned 93,456 shares of the company’s stock, valued at $3,084,048. The trade was a 1,148.91% increase in their ownership of the stock. The acquisition was disclosed in a document filed with the Securities & Exchange Commission, which is accessible through this hyperlink. Also, CEO Michael (Mike) Joseph Quinn purchased 435,121 shares of the company’s stock in a transaction that occurred on Friday, June 26th. The stock was acquired at an average price of $33.00 per share, for a total transaction of $14,358,993.00. Following the purchase, the chief executive officer owned 435,121 shares in the company, valued at $14,358,993. This trade represents a ∞ increase in their position. Additional details regarding this purchase are available in the official SEC disclosure. Insiders purchased a total of 2,297,621 shares of company stock worth $75,821,493 in the last three months.

DPC Price Performance

DPC stock opened at $45.38 on Monday. DPC Holdings PLC has a 52 week low of $42.50 and a 52 week high of $57.25. The stock’s 50-day simple moving average is $48.60.

DPC (NYSE:DPC) last announced its quarterly earnings results on Tuesday, August 11th. The company reported $0.05 earnings per share for the quarter, missing analysts’ consensus estimates of $0.08 by ($0.03). The business had revenue of $268.70 million during the quarter. As a group, sell-side analysts predict that DPC Holdings PLC will post 0.45 EPS for the current year.

DPC Profile

DPC Holdings is a manufacturer of engineered engine products which include complex precision cast components and nickel- and cobalt-based superalloys primarily serving Aerospace and IGT end markets. DPC Holdings is based in United Kingdom.