Equity Lifestyle Pptys (ELS) Share Price Rose While Capital Growth Management LP Has Lifted Its Position; Wells Fargo Co New (WFC) Shareholder Orbis Investment Management Has Upped Stake

January 14, 2018 - By Richard Conner

William B. Gray increased its stake in Wells Fargo Co New (WFC) by 19.84% based on its latest 2017Q3 regulatory filing with the SEC. Orbis Investment Management bought 24,038 shares as the company’s stock declined 8.66% while stock markets rallied. The hedge fund run by William B. Gray held 145,181 shares of the major banks company at the end of 2017Q3, valued at $8.01 million, up from 121,143 at the end of the previous reported quarter. Orbis Investment Management who had been investing in Wells Fargo Co New for a number of months, seems to be bullish on the $308.01 billion market cap company. The stock decreased 0.73% or $0.46 during the last trading session, reaching $62.55. About 25.89M shares traded or 37.66% up from the average. Wells Fargo & Company (NYSE:WFC) has risen 9.67% since January 14, 2017 and is uptrending. It has underperformed by 7.03% the S&P500.

Ken Heebner increased its stake in Equity Lifestyle Pptys Inc (ELS) by 900% based on its latest 2017Q3 regulatory filing with the SEC. Capital Growth Management Lp bought 450,000 shares as the company’s stock rose 9.20% with the market. The hedge fund run by Ken Heebner held 500,000 shares of the consumer services company at the end of 2017Q3, valued at $42.54 million, up from 50,000 at the end of the previous reported quarter. Capital Growth Management Lp who had been investing in Equity Lifestyle Pptys Inc for a number of months, seems to be bullish on the $7.86 billion market cap company. The stock decreased 1.35% or $1.15 during the last trading session, reaching $83.86. About 268,892 shares traded. Equity LifeStyle Properties, Inc. (NYSE:ELS) has risen 15.90% since January 14, 2017 and is uptrending. It has underperformed by 0.80% the S&P500.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.15, from 0.88 in 2017Q2. It dived, as 92 investors sold WFC shares while 725 reduced holdings. 103 funds opened positions while 495 raised stakes. 3.65 billion shares or 0.40% less from 3.66 billion shares in 2017Q2 were reported. Smith Asset Group Incorporated Ltd Partnership holds 0% or 1,690 shares in its portfolio. Moreover, Carnegie Asset Mngmt has 0.29% invested in Wells Fargo & Company (NYSE:WFC) for 44,997 shares. Private Na has 75,542 shares for 0.91% of their portfolio. Northwestern Mutual Wealth Mgmt Communication holds 0.2% of its portfolio in Wells Fargo & Company (NYSE:WFC) for 505,612 shares. Finance Counselors Incorporated has 32,174 shares. 22,673 are held by Bank & Trust Of The Ozarks. 35,237 are owned by Indiana & Investment Mgmt Com. Atlas Browninc invested 0.13% in Wells Fargo & Company (NYSE:WFC). Lombard Odier Asset (Switzerland) Sa invested in 0.11% or 20,764 shares. Moreover, Park West Asset Lc has 0% invested in Wells Fargo & Company (NYSE:WFC). Stoneridge Prtn Ltd Liability has 215,511 shares. First Mercantile Co holds 0.14% or 13,700 shares. Mitchell Mcleod Pugh & Williams Inc holds 28,178 shares. The Georgia-based Boulegeris has invested 0.51% in Wells Fargo & Company (NYSE:WFC). Fort Washington Investment Advsr Inc Oh reported 437,461 shares.

Among 36 analysts covering Wells Fargo & Company (NYSE:WFC), 17 have Buy rating, 5 Sell and 14 Hold. Therefore 47% are positive. Wells Fargo & Company had 115 analyst reports since July 29, 2015 according to SRatingsIntel. On Monday, November 28 the stock rating was downgraded by Jefferies to “Hold”. The stock of Wells Fargo & Company (NYSE:WFC) earned “Buy” rating by Robert W. Baird on Friday, October 6. The firm earned “Underperform” rating on Friday, September 25 by Macquarie Research. The firm has “Buy” rating by Evercore given on Tuesday, September 8. The company was maintained on Thursday, September 22 by Deutsche Bank. As per Thursday, January 4, the company rating was maintained by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, July 27 with “Buy”. The firm earned “Outperform” rating on Wednesday, January 3 by Bernstein. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Hold”. Guggenheim downgraded Wells Fargo & Company (NYSE:WFC) on Tuesday, November 15 to “Neutral” rating.

Orbis Investment Management, which manages about $160.64M US Long portfolio, decreased its stake in Aetna Inc New (NYSE:AET) by 17,047 shares to 31,862 shares, valued at $5.07M in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 15,099 shares in the quarter, leaving it with 24,411 shares, and cut its stake in Liberty Broadband Corp.

Among 6 analysts covering Equity Lifestyle Properties (NYSE:ELS), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Equity Lifestyle Properties had 18 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by BMO Capital Markets on Monday, November 27 with “Hold”. The firm has “Neutral” rating by Robert W. Baird given on Wednesday, October 21. The stock of Equity LifeStyle Properties, Inc. (NYSE:ELS) earned “In-Line” rating by Evercore on Monday, December 4. On Tuesday, August 25 the stock rating was downgraded by Zacks to “Buy”. The company was maintained on Friday, January 5 by Robert W. Baird. The firm has “Buy” rating given on Monday, September 7 by Zacks. BMO Capital Markets initiated the stock with “Hold” rating in Monday, October 9 report. BMO Capital Markets maintained it with “Hold” rating and $95.0 target in Tuesday, January 9 report. The firm has “Neutral” rating by Citigroup given on Thursday, October 19. As per Monday, July 17, the company rating was maintained by Cantor Fitzgerald.

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