As U S Concrete (USCR) Stock Value Rose, Shareholder Gm Advisory Group Has Cut Holding; Bank Amer Co (BAC) Stake Has Increased by Mckinley Capital Management Inc

January 13, 2018 - By Dolores Ford

Robert B. Gillam increased its stake in Bank Amer Corp Co (BAC) by 8.92% based on its latest 2017Q3 regulatory filing with the SEC. Mckinley Capital Management Inc bought 144,529 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Robert B. Gillam held 1.76M shares of the major banks company at the end of 2017Q3, valued at $44.70 million, up from 1.62M at the end of the previous reported quarter. Mckinley Capital Management Inc who had been investing in Bank Amer Corp Co for a number of months, seems to be bullish on the $325.33B market cap company. The stock increased 1.73% or $0.53 during the last trading session, reaching $31.19. About 66.37M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 13, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Gm Advisory Group Inc decreased its stake in U S Concrete Inc (USCR) by 5.21% based on its latest 2017Q3 regulatory filing with the SEC. Gm Advisory Group Inc sold 7,500 shares as the company’s stock rose 9.29% with the market. The hedge fund held 136,336 shares of the capital goods company at the end of 2017Q3, valued at $10.40 million, down from 143,836 at the end of the previous reported quarter. Gm Advisory Group Inc who had been investing in U S Concrete Inc for a number of months, seems to be less bullish one the $1.30B market cap company. The stock decreased 1.03% or $0.85 during the last trading session, reaching $81.7. About 353,982 shares traded or 13.31% up from the average. U.S. Concrete, Inc. (NASDAQ:USCR) has risen 14.26% since January 13, 2017 and is uptrending. It has underperformed by 2.44% the S&P500.

Since August 10, 2017, it had 0 buys, and 1 sale for $2.10 million activity.

Mckinley Capital Management Inc, which manages about $8.13B and $2.45B US Long portfolio, decreased its stake in Broadcom Ltd Sh by 58,268 shares to 127,124 shares, valued at $30.83 million in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc Cl (NASDAQ:FB) by 63,410 shares in the quarter, leaving it with 347,827 shares, and cut its stake in Rogers Communications Inc Cl (NYSE:RCI).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Moreover, Weiss Multi has 0.68% invested in Bank of America Corporation (NYSE:BAC). 2.88M are owned by Cap Int Invsts. Systematic Financial Mgmt Lp holds 496,354 shares. Wills Finance accumulated 12,903 shares. Rhumbline Advisers accumulated 17.05M shares. Clarivest Asset Mngmt Ltd Liability Corporation, a California-based fund reported 562,565 shares. Carret Asset Mgmt Ltd Liability accumulated 186,210 shares. The New York-based Mackay Shields Ltd Limited Liability Company has invested 0.63% in Bank of America Corporation (NYSE:BAC). Elm Ridge Ltd holds 4.29% of its portfolio in Bank of America Corporation (NYSE:BAC) for 402,209 shares. Dumont And Blake Inv Advsrs Limited Liability has 16,844 shares for 0.18% of their portfolio. Franklin Street Advisors Nc has 0.09% invested in Bank of America Corporation (NYSE:BAC) for 20,962 shares. Old Second Natl Bank Of Aurora has invested 1.02% in Bank of America Corporation (NYSE:BAC). Advisor Ptnrs Limited Liability Company has 203,882 shares for 1.01% of their portfolio. Hall Laurie J Trustee holds 0.2% or 12,732 shares in its portfolio. Patriot Wealth Mgmt owns 272,974 shares or 1.12% of their US portfolio.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 103 analyst reports since July 21, 2015 according to SRatingsIntel. Bruyette & Woods” upgraded the stock to “Mkt Perform” rating in Monday, August 24 report. The stock has “Buy” rating by Vetr on Tuesday, August 11. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Friday, August 11. Jefferies has “Buy” rating and $2800 target. Sandler O’Neill upgraded the shares of BAC in report on Wednesday, January 20 to “Buy” rating. The firm has “Outperform” rating by Wells Fargo given on Thursday, September 10. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, April 12. The rating was maintained by BMO Capital Markets with “Hold” on Tuesday, July 18. Jefferies maintained the shares of BAC in report on Thursday, September 14 with “Buy” rating. RBC Capital Markets maintained the shares of BAC in report on Friday, October 6 with “Buy” rating. The company was upgraded on Tuesday, August 25 by Macquarie Research.

Since August 1, 2017, it had 0 insider purchases, and 10 selling transactions for $671,708 activity. BEHRING DAVID ANDREW sold $29,443 worth of stock. SANDBROOK WILLIAM J also sold $492,689 worth of U.S. Concrete, Inc. (NASDAQ:USCR) shares. 300 U.S. Concrete, Inc. (NASDAQ:USCR) shares with value of $22,335 were sold by BURTON HERBERT A..

Investors sentiment decreased to 1.43 in 2017 Q3. Its down 0.21, from 1.64 in 2017Q2. It fall, as 20 investors sold USCR shares while 63 reduced holdings. 46 funds opened positions while 73 raised stakes. 17.41 million shares or 2.08% less from 17.78 million shares in 2017Q2 were reported. Employees Retirement Systems Of Texas invested in 19,250 shares or 0.02% of the stock. Peak6 Invests Limited Partnership owns 0% invested in U.S. Concrete, Inc. (NASDAQ:USCR) for 2,579 shares. Laurion Mngmt LP reported 3,600 shares or 0% of all its holdings. California State Teachers Retirement Sys reported 24,401 shares. The Ontario – Canada-based Savings Bank Of Montreal Can has invested 0% in U.S. Concrete, Inc. (NASDAQ:USCR). 6,100 were accumulated by Louisiana State Employees Retirement. Raymond James And Assocs has invested 0% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Moreover, Public Sector Pension Board has 0% invested in U.S. Concrete, Inc. (NASDAQ:USCR). Jane Street Group Limited Liability Com owns 11,221 shares for 0% of their portfolio. Texas-based Hodges has invested 0.73% in U.S. Concrete, Inc. (NASDAQ:USCR). Moreover, Victory Capital Incorporated has 0.07% invested in U.S. Concrete, Inc. (NASDAQ:USCR). Maverick Capital Limited holds 61,550 shares or 0.06% of its portfolio. Next Century Growth Ltd Liability Corporation invested 2.74% of its portfolio in U.S. Concrete, Inc. (NASDAQ:USCR). Jpmorgan Chase &, New York-based fund reported 13,055 shares. Verition Fund Mngmt Ltd Liability accumulated 0.05% or 7,936 shares.

Analysts await U.S. Concrete, Inc. (NASDAQ:USCR) to report earnings on February, 27. They expect $0.85 EPS, up 11.84% or $0.09 from last year’s $0.76 per share. USCR’s profit will be $13.48M for 24.03 P/E if the $0.85 EPS becomes a reality. After $0.90 actual EPS reported by U.S. Concrete, Inc. for the previous quarter, Wall Street now forecasts -5.56% negative EPS growth.

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