Ball Corporation: Shareholders Cashing Stock in Third Quarter

Insiders are generally long-term investors due to restriction in making short-term profits. In contrast, wealth management institutions always have short-term investment. Wall St. Watchdog reveals information regarding the insiders and institutions which recently decreased stock shares of Ball Corporation (NYSE:BLL).

SEC data indicate these insiders have sold Ball Corporation’s stock since 06/30/2011:

  • Hoover R David: act as CHAIRMAN OF THE BOARD. On 07/06/2011, sold 28,000 shares, worth $1,092,600.
  • Hoover R David: act as CHAIRMAN OF THE BOARD. On 10/28/2011, sold 30,000 shares, worth $1,080,000.
  • Hoover R David: act as CHAIRMAN OF THE BOARD. On 08/31/2011, sold 15,000 shares, worth $543,300.
  • Hoover R David: act as CHAIRMAN OF THE BOARD. On 07/07/2011, sold 10,000 shares, worth $400,100.
  • Hoover R David: act as CHAIRMAN OF THE BOARD. On 07/06/2011, sold 8,000 shares, worth $314,500.

SEC data indicate that these institutions significantly reduced their stock shares of Ball Corporation in Q3 2011:

  • OLD NATIONAL BANCORP /IN/: On 06/30/2011, held 551,173 shares, worth $21,154,020. On 09/30/2011, held 0 shares.
  • PERKINS INVESTMENT MANAGEMENT, LLC: On 06/30/2011, held 501,762 shares, worth $19,257,626. On 09/30/2011, held 0 shares.
  • CHASE INVESTMENT COUNSEL CORP: On 06/30/2011, held 339,753 shares, worth $13,039,720. On 09/30/2011, held 0 shares.
  • DUPONT CAPITAL MANAGEMENT CORP: On 06/30/2011, held 293,702 shares, worth $11,272,283. On 09/30/2011, held 0 shares.
  • SIGMA CAPITAL MANAGEMENT LLC: On 06/30/2011, held 235,000 shares, worth $9,019,300. On 09/30/2011, held 0 shares.

About the company: Ball Corporation manufactures metal and plastic packaging for the beverage, food, and household products industries. The Company also supplies aerospace and other technologies and services to commercial and governmental customers.

Competitors to Watch: Crown Holdings, Inc. (NYSE:CCK), Silgan Holdings Inc. (NASDAQ:SLGN), Rexam PLC (REXMY), Bway Holding Company (BWY), and Dominguez y Cia., S.A. (NYSE:DOM).

(Note: Data regarding Ball Corporation’s stock holdings are sourced from whalewisdom.com. All data are assumed to be accurate.)

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