Palisade Capital Management Lowered Its Luxfer Hldgs Plc (LXFR) Holding by $1.21 Million as Market Value Rose; Obermeyer Wood Investment Counsel Lllp Has Cut Position in Bank Amer (BAC) by $4.59 Million

January 14, 2018 - By Linda Rogers

Obermeyer Wood Investment Counsel Lllp decreased its stake in Bank Amer Corp (BAC) by 8.9% based on its latest 2017Q3 regulatory filing with the SEC. Obermeyer Wood Investment Counsel Lllp sold 183,562 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 1.88 million shares of the major banks company at the end of 2017Q3, valued at $47.61 million, down from 2.06M at the end of the previous reported quarter. Obermeyer Wood Investment Counsel Lllp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $325.33 billion 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 14, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Palisade Capital Management Llc decreased its stake in Luxfer Hldgs Plc (LXFR) by 20.06% based on its latest 2017Q3 regulatory filing with the SEC. Palisade Capital Management Llc sold 101,116 shares as the company’s stock rose 11.70% with the market. The hedge fund held 402,910 shares of the major chemicals company at the end of 2017Q3, valued at $5.02M, down from 504,026 at the end of the previous reported quarter. Palisade Capital Management Llc who had been investing in Luxfer Hldgs Plc for a number of months, seems to be less bullish one the $397.06M market cap company. The stock decreased 1.05% or $0.16 during the last trading session, reaching $15.04. About 34,831 shares traded. Luxfer Holdings PLC (NYSE:LXFR) has risen 2.36% since January 14, 2017 and is uptrending. It has underperformed by 14.34% the S&P500.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 17 before the open. They expect $0.46 EPS, up 15.00% or $0.06 from last year’s $0.4 per share. BAC’s profit will be $4.80B for 16.95 P/E if the $0.46 EPS becomes a reality. After $0.48 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.17% negative EPS growth.

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

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dropped, 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, Virtu Ltd has 0.1% invested in Bank of America Corporation (NYSE:BAC). Mondrian Prtn invested in 2,650 shares or 0% of the stock. Alphamark Advsrs Limited Co owns 744 shares. Canyon Capital Advsrs Ltd has 0.38% invested in Bank of America Corporation (NYSE:BAC). California State Teachers Retirement Systems invested in 0.97% or 17.27 million shares. Egerton Cap (Uk) Ltd Liability Partnership reported 16.51 million shares. Gabelli Funds Ltd Co invested in 720,000 shares. Paradigm Financial Advsrs Ltd Liability Corporation holds 4.05% in Bank of America Corporation (NYSE:BAC) or 330,124 shares. Oppenheimer Asset holds 833,720 shares or 0.55% of its portfolio. Blair William And Il has invested 0.26% of its portfolio in Bank of America Corporation (NYSE:BAC). Hennessy accumulated 63,000 shares. Northwestern Mutual Wealth Mngmt Co reported 0.05% in Bank of America Corporation (NYSE:BAC). Tdam Usa accumulated 740,458 shares. Pinnacle Assocs Ltd owns 546,849 shares or 0.26% of their US portfolio. Saratoga Research Inv Mngmt holds 0.01% in Bank of America Corporation (NYSE:BAC) or 623 shares.

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. The rating was upgraded by UBS to “Neutral” on Wednesday, August 26. Citigroup downgraded the stock to “Neutral” rating in Tuesday, April 4 report. The stock has “Outperform” rating by Wells Fargo on Thursday, September 10. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, May 31. The firm has “Neutral” rating given on Wednesday, November 16 by Robert W. Baird. Renaissance Macro Securities LLC maintained it with “Buy” rating and $2900 target in Sunday, July 23 report. The firm has “Hold” rating given on Friday, October 13 by BMO Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by RBC Capital Markets on Wednesday, August 30. Macquarie Research upgraded the stock to “Outperform” rating in Thursday, February 16 report. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Friday, July 7.

Palisade Capital Management Llc, which manages about $5.40 billion and $2.81B US Long portfolio, upped its stake in Ttm Technologies Inc (Prn) by 720,000 shares to 2.00 million shares, valued at $3.38M in 2017Q3, according to the filing. It also increased its holding in Bruker Corp (NASDAQ:BRKR) by 59,862 shares in the quarter, for a total of 563,496 shares, and has risen its stake in Amphenol Corp New (NYSE:APH).

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