Ave Maria Mutual Funds Bearish on These 5 Stocks

Wall St. Watchdog reveals information regarding significant reduction in shares for Ave Maria Mutual Funds’ holdings on the quarter ending September 30th, 2011. The firm is bearish on these stocks:

Brown & Brown Inc. (NYSE:BRO): On 06/30/2011, Ave Maria Mutual Funds reported holding 160,200 shares. On 09/30/2011, Ave Maria Mutual Funds reported holding 65,200 shares. The net reduction in shares for this position is 95,000 or 59.3%. About Company: Brown & Brown, Inc. and its subsidiaries provide a range of insurance and reinsurance products and services. The Company also provides risk management, employee benefit administration, and managed health care services. Brown & Brown operates offices across the United States.

Applied Materials Inc. (NASDAQ:AMAT): On 06/30/2011, Ave Maria Mutual Funds reported holding 175,000 shares. On 09/30/2011, Ave Maria Mutual Funds reported holding 75,000 shares. The net reduction in shares for this position is 100,000 or 57.14%. About Company: Applied Materials, Inc. develops, manufactures, markets, and services semiconductor wafer fabrication equipment and related spare parts for the worldwide semiconductor industry. The Company’s customers include semiconductor wafer and integrated circuit manufacturers, flat panel liquid crystal displays, solar photovoltaic cells and modules and other electronic devices manufacturers.

Broadridge Financial Solutions Inc. (NYSE:BR): On 06/30/2011, Ave Maria Mutual Funds reported holding 103,100 shares. On 09/30/2011, Ave Maria Mutual Funds reported holding 48,500 shares. The net reduction in shares for this position is 54,600 or 52.96%. About Company: Broadridge Financial Solutions Inc. provides technology-based outsourcing solutions to the financial services industry. The Company offers a broad range of solutions that help clients serve their retail and institutional customers across the entire investment lifecycle, including pre-trade, trade, and post-trade processing.

Southern Company (NYSE:SO): On 06/30/2011, Ave Maria Mutual Funds reported holding 20,000 shares. On 09/30/2011, Ave Maria Mutual Funds reported holding 10,000 shares. The net reduction in shares for this position is 10,000 or 50%. About Company: Southern Company is a public utility holding company. The Company, through its subsidiaries, generates, wholesales, and retails electricity in the southeastern United States. The Company also offers wireless telecommunications services, and provides businesses with two-way radio, telephone, paging, and Internet access services as well as wholesales fiber optic solutions.

Pepsico Inc. (NYSE:PEP): On 06/30/2011, Ave Maria Mutual Funds reported holding 11,050 shares. On 09/30/2011, Ave Maria Mutual Funds reported holding 6,050 shares. The net reduction in shares for this position is 5,000 or 45.25%. About Company: PepsiCo, Inc. operates worldwide beverage, snack and food businesses. The Company manufacture or uses contract manufacturers, market and sell a variety of grain-based snacks, carbonated and non-carbonated beverages and foods in countries throughout the world.

(Note: Data regarding Ave Maria Mutual Funds’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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To contact the reporter on this story: Dave Friedman at staff.writers@wallstcheatsheet.com

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