As Arcbest (ARCB) Shares Declined, Aristotle Capital Boston Has Lowered Stake; Prime Capital Management Company LTD Position in Alibaba Group Hldg LTD (BABA) Has Boosted by $8.92 Million

May 18, 2018 - By Darrin Black

ArcBest Corporation (NASDAQ:ARCB) Logo

Aristotle Capital Boston Llc decreased its stake in Arcbest Corp (ARCB) by 22.23% based on its latest 2017Q4 regulatory filing with the SEC. Aristotle Capital Boston Llc sold 65,741 shares as the company’s stock declined 15.11% with the market. The institutional investor held 229,987 shares of the trucking freight and courier services company at the end of 2017Q4, valued at $8.22M, down from 295,728 at the end of the previous reported quarter. Aristotle Capital Boston Llc who had been investing in Arcbest Corp for a number of months, seems to be less bullish one the $1.24B market cap company. The stock increased 0.21% or $0.1 during the last trading session, reaching $48.45. About 37,254 shares traded. ArcBest Corporation (NASDAQ:ARCB) has risen 23.82% since May 18, 2017 and is uptrending. It has outperformed by 12.27% the S&P500.

Prime Capital Management Company Ltd increased its stake in Alibaba Group Hldg Ltd (BABA) by 30.89% based on its latest 2017Q4 regulatory filing with the SEC. Prime Capital Management Company Ltd bought 51,855 shares as the company’s stock rose 3.18% while stock markets declined. The hedge fund held 219,709 shares of the business services company at the end of 2017Q4, valued at $37.88 million, up from 167,854 at the end of the previous reported quarter. Prime Capital Management Company Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $504.97 billion market cap company. The stock increased 0.26% or $0.5 during the last trading session, reaching $196.52. About 2.98M shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 68.29% since May 18, 2017 and is uptrending. It has outperformed by 56.74% the S&P500.

Aristotle Capital Boston Llc, which manages about $1.48 billion and $1.37B US Long portfolio, upped its stake in American Eqty Invt Life Hld (NYSE:AEL) by 95,113 shares to 421,789 shares, valued at $12.96M in 2017Q4, according to the filing. It also increased its holding in Jbg Smith Pptys by 76,328 shares in the quarter, for a total of 133,219 shares, and has risen its stake in Cross Ctry Healthcare Inc (NASDAQ:CCRN).

Analysts await ArcBest Corporation (NASDAQ:ARCB) to report earnings on July, 27. They expect $0.79 EPS, up 38.60% or $0.22 from last year’s $0.57 per share. ARCB’s profit will be $20.25M for 15.33 P/E if the $0.79 EPS becomes a reality. After $0.29 actual EPS reported by ArcBest Corporation for the previous quarter, Wall Street now forecasts 172.41% EPS growth.

More important recent ArcBest Corporation (NASDAQ:ARCB) news were published by: Benzinga.com which released: “50 Biggest Movers From Friday” on May 14, 2018, also Nasdaq.com published article titled: “Analysis: Positioning to Benefit within Apogee Enterprises, ArcBest, Buckle, Career Education, Abercrombie & Fitch …”, Prnewswire.com published: “ArcBest Among Transport Topics’ Top Freight Brokerage Firms of 2018” on May 14, 2018. More interesting news about ArcBest Corporation (NASDAQ:ARCB) was released by: Benzinga.com and their article: “38 Stocks Moving In Friday’s Mid-Day Session” with publication date: May 11, 2018.

Among 10 analysts covering Arcbest Corporation (NASDAQ:ARCB), 0 have Buy rating, 0 Sell and 10 Hold. Therefore 0 are positive. Arcbest Corporation had 43 analyst reports since August 5, 2015 according to SRatingsIntel. The company was maintained on Thursday, February 4 by Citigroup. The rating was upgraded by Bank of America to “Neutral” on Friday, November 4. Morgan Stanley maintained it with “Equal-Weight” rating and $22 target in Thursday, October 5 report. The rating was maintained by Citigroup with “Neutral” on Tuesday, February 6. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, April 3. Stifel Nicolaus maintained ArcBest Corporation (NASDAQ:ARCB) on Friday, July 28 with “Hold” rating. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, October 16. As per Monday, July 10, the company rating was maintained by Cowen & Co. Stephens downgraded ArcBest Corporation (NASDAQ:ARCB) rating on Thursday, January 7. Stephens has “Equal-Weight” rating and $23 target. The firm has “Hold” rating by Deutsche Bank given on Tuesday, November 3.

Prime Capital Management Company Ltd, which manages about $2.30B and $272.84 million US Long portfolio, decreased its stake in Xunlei Ltd (NASDAQ:XNET) by 466,616 shares to 427,749 shares, valued at $6.58 million in 2017Q4, according to the filing.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 177 analyst reports since August 12, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 29 by Deutsche Bank. The firm has “Buy” rating given on Friday, October 20 by SunTrust. The stock has “Buy” rating by Robert W. Baird on Friday, May 4. Barclays Capital maintained it with “Overweight” rating and $200 target in Monday, August 21 report. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by SunTrust on Monday, November 13. The rating was maintained by Morgan Stanley on Wednesday, October 28 with “Overweight”. The rating was maintained by Axiom Capital on Monday, September 14 with “Buy”. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Outperform” rating given on Monday, November 6 by Oppenheimer. As per Thursday, September 28, the company rating was maintained by Needham. Oppenheimer maintained the shares of BABA in report on Thursday, September 17 with “Outperform” rating.

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