Equitec Proprietary Markets Has Cut Rite Aid (Put) (RAD) Holding by $316,100 as Stock Value Declined; Stelliam Investment Management LP Cut Its Huntington Bancshares (HBAN) Holding by $805,000

May 21, 2018 - By Peter Erickson

Huntington Bancshares Incorporated (NASDAQ:HBAN) Logo

Ross Margolies decreased its stake in Huntington Bancshares Inc (HBAN) by 2.19% based on its latest 2017Q4 regulatory filing with the SEC. Stelliam Investment Management Lp sold 57,500 shares as the company’s stock rose 1.01% while stock markets declined. The hedge fund run by Ross Margolies held 2.57 million shares of the major banks company at the end of 2017Q4, valued at $37.42M, down from 2.63M at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Huntington Bancshares Inc for a number of months, seems to be less bullish one the $16.81B market cap company. The stock increased 0.60% or $0.09 during the last trading session, reaching $15.21. About 7.04M shares traded. Huntington Bancshares Incorporated (NASDAQ:HBAN) has risen 14.67% since May 21, 2017 and is uptrending. It has outperformed by 3.12% the S&P500.

Equitec Proprietary Markets Llc decreased its stake in Rite Aid Corp (Put) (RAD) by 71.99% based on its latest 2017Q4 regulatory filing with the SEC. Equitec Proprietary Markets Llc sold 316,100 shares as the company’s stock declined 26.37% with the market. The institutional investor held 123,000 shares of the medical and nursing services company at the end of 2017Q4, valued at $242,000, down from 439,100 at the end of the previous reported quarter. Equitec Proprietary Markets Llc who had been investing in Rite Aid Corp (Put) for a number of months, seems to be less bullish one the $1.79B market cap company. The stock increased 0.59% or $0.01 during the last trading session, reaching $1.7. About 14.74M shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since May 21, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

Equitec Proprietary Markets Llc, which manages about $326.01M US Long portfolio, upped its stake in Nxp Semiconductors N V (NASDAQ:NXPI) by 295,104 shares to 316,704 shares, valued at $37.08 million in 2017Q4, according to the filing. It also increased its holding in Humana Inc (NYSE:HUM) by 13,000 shares in the quarter, for a total of 21,700 shares, and has risen its stake in Ixys Corp (Put) (NASDAQ:IXYS).

More recent Rite Aid Corporation (NYSE:RAD) news were published by: Streetinsider.com which released: “Rite Aid (RAD)/Albertsons More Likely to Depart McKesson (MCK), a Positive for AmerisourceBergen (ABC) – RBC” on May 15, 2018. Also Seekingalpha.com published the news titled: “Institutions Must Vote ‘No’ On Rite Aid-Albertsons Deal” on May 16, 2018. Seekingalpha.com‘s news article titled: “Rite Aid: Just Vote ‘NO'” with publication date: April 30, 2018 was also an interesting one.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 26 analyst reports since August 6, 2015 according to SRatingsIntel. JP Morgan downgraded Rite Aid Corporation (NYSE:RAD) on Friday, November 13 to “Neutral” rating. As per Thursday, September 17, the company rating was maintained by Mizuho. The rating was maintained by Cowen & Co on Friday, April 13 with “Buy”. On Thursday, August 13 the stock rating was initiated by Bank of America with “Buy”. The stock has “Hold” rating by Deutsche Bank on Friday, April 8. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Monday, September 11 by Loop Capital Markets. On Friday, June 30 the stock rating was reinitiated by Bank of America with “Underperform”. Vetr upgraded the shares of RAD in report on Wednesday, August 19 to “Buy” rating. The stock of Rite Aid Corporation (NYSE:RAD) has “Buy” rating given on Thursday, August 6 by Vetr. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, October 25.

Investors sentiment decreased to 0.87 in 2017 Q4. Its down 0.10, from 0.97 in 2017Q3. It worsened, as 41 investors sold RAD shares while 86 reduced holdings. 45 funds opened positions while 66 raised stakes. 490.70 million shares or 4.42% less from 513.41 million shares in 2017Q3 were reported. Blair William Il has invested 0% in Rite Aid Corporation (NYSE:RAD). Metropolitan Life Insur New York holds 52,886 shares or 0% of its portfolio. Tudor Investment Corp Et Al holds 0.01% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 145,663 shares. Alliancebernstein Lp invested 0% in Rite Aid Corporation (NYSE:RAD). Cetera Advisor Network Llc holds 272,310 shares. Great West Life Assurance Can holds 0% or 275,595 shares. 1,000 are owned by Vantage Invest Advsr Limited Co. Css Limited Com Il stated it has 1.20M shares. Qs Invsts Limited Liability Com has invested 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Old Mutual Customised Solutions (Proprietary), South Africa-based fund reported 29,500 shares. Moreover, Parkside Bancshares And Tru has 0.02% invested in Rite Aid Corporation (NYSE:RAD) for 29,483 shares. Schwab Charles Inv Management Incorporated holds 0.01% or 3.94 million shares. Bank & Trust Of America De has 0% invested in Rite Aid Corporation (NYSE:RAD) for 1.02 million shares. Envestnet Asset Management invested in 0% or 291 shares. Utah Retirement Sys stated it has 195,400 shares.

Another recent and important Huntington Bancshares Incorporated (NASDAQ:HBAN) news was published by Seekingalpha.com which published an article titled: “Huntington Bancshares: A Solid Dividend Investment” on May 16, 2018.

Since May 4, 2018, it had 0 insider buys, and 2 selling transactions for $409,277 activity. Neumeyer Daniel J. sold $380,817 worth of Huntington Bancshares Incorporated (NASDAQ:HBAN) on Tuesday, May 15.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.26, from 0.96 in 2017Q3. It is positive, as 33 investors sold HBAN shares while 155 reduced holdings. 66 funds opened positions while 164 raised stakes. 788.75 million shares or 0.31% less from 791.23 million shares in 2017Q3 were reported. Commonwealth Financial Bank Of Aus has 119,909 shares for 0.02% of their portfolio. New York-based Goldman Sachs Group Inc Inc has invested 0.02% in Huntington Bancshares Incorporated (NASDAQ:HBAN). Bahl Gaynor accumulated 64,190 shares. Engineers Gate Manager Ltd Partnership stated it has 24,797 shares. First Natl Bank Of Omaha owns 336,003 shares. Td Asset Inc stated it has 322,096 shares or 0.01% of all its holdings. 11,425 are held by Aspiriant Limited Co. 20,527 are held by Paragon Capital Mngmt Ltd. Camelot Portfolios Ltd Liability reported 0.19% stake. Glg Partners Lp has 0.08% invested in Huntington Bancshares Incorporated (NASDAQ:HBAN) for 117,302 shares. Raymond James Financial Services Advsr Inc accumulated 286,754 shares or 0.03% of the stock. Fjarde Ap invested in 298,281 shares. 69,832 were reported by Balyasny Asset Ltd. 36,612 are owned by Salzhauer Michael. Sg Americas Secs Ltd Limited Liability Company reported 243,699 shares.

Among 31 analysts covering Huntington Bancshares Incorporated (NASDAQ:HBAN), 17 have Buy rating, 0 Sell and 14 Hold. Therefore 55% are positive. Huntington Bancshares Incorporated had 94 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Mkt Perform” rating by FBR Capital given on Tuesday, October 11. The firm has “Hold” rating by Jefferies given on Monday, November 28. The rating was upgraded by BMO Capital Markets on Tuesday, December 20 to “Outperform”. As per Friday, October 20, the company rating was maintained by Robert W. Baird. The company was maintained on Tuesday, April 24 by Piper Jaffray. The firm has “Market Perform” rating given on Wednesday, September 9 by BMO Capital Markets. Piper Jaffray maintained the stock with “Buy” rating in Tuesday, December 5 report. The company was maintained on Wednesday, September 13 by Jefferies. As per Tuesday, January 23, the company rating was maintained by Sandler O’Neill. The firm has “Neutral” rating by Robert W. Baird given on Thursday, May 26.

Analysts await Huntington Bancshares Incorporated (NASDAQ:HBAN) to report earnings on July, 20. They expect $0.29 EPS, up 11.54% or $0.03 from last year’s $0.26 per share. HBAN’s profit will be $320.45 million for 13.11 P/E if the $0.29 EPS becomes a reality. After $0.28 actual EPS reported by Huntington Bancshares Incorporated for the previous quarter, Wall Street now forecasts 3.57% EPS growth.

Stelliam Investment Management Lp, which manages about $3.51 billion and $2.42B US Long portfolio, upped its stake in Southwestern Energy Co (NYSE:SWN) by 1.50 million shares to 14.08 million shares, valued at $78.57M in 2017Q4, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 26,500 shares in the quarter, for a total of 234,000 shares, and has risen its stake in Cabot Oil & Gas Corp (NYSE:COG).

Huntington Bancshares Incorporated (NASDAQ:HBAN) Institutional Positions Chart

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