Systematic Financial Management LP Stake in Wabash National (WNC) Has Increased by $539,973 as Stock Price Declined; Loews Maintains Position in Bank Of America (BAC)

May 26, 2018 - By Vivian Park

Bank of America Corporation (NYSE:BAC) Logo

Loews Corp increased its stake in Bank Of America Corp (BAC) by 1115.41% based on its latest 2017Q4 regulatory filing with the SEC. Loews Corp bought 150,000 shares as the company’s stock declined 1.20% with the market. The institutional investor held 163,448 shares of the major banks company at the end of 2017Q4, valued at $4.83 million, up from 13,448 at the end of the previous reported quarter. Loews Corp who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $305.80B market cap company. The stock decreased 0.17% or $0.05 during the last trading session, reaching $30.16. About 44.17 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 26, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Systematic Financial Management Lp increased its stake in Wabash National Corp (WNC) by 26.39% based on its latest 2017Q4 regulatory filing with the SEC. Systematic Financial Management Lp bought 25,713 shares as the company’s stock declined 2.82% with the market. The institutional investor held 123,155 shares of the construction and ag equipment and trucks company at the end of 2017Q4, valued at $2.67M, up from 97,442 at the end of the previous reported quarter. Systematic Financial Management Lp who had been investing in Wabash National Corp for a number of months, seems to be bullish on the $1.20 billion market cap company. The stock increased 0.15% or $0.03 during the last trading session, reaching $20.6. About 184,327 shares traded. Wabash National Corporation (NYSE:WNC) has risen 0.10% since May 26, 2017 and is uptrending. It has underperformed by 11.45% the S&P500.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Stanley Mgmt Ltd Limited Liability Company invested in 198,431 shares or 3% of the stock. Advisory Research has 17,023 shares for 0.01% of their portfolio. Berkshire Hathaway Inc holds 10.48% of its portfolio in Bank of America Corporation (NYSE:BAC) for 679.00 million shares. Wealthcare Capital Mngmt has invested 0.01% in Bank of America Corporation (NYSE:BAC). 5.32M were accumulated by Shapiro Mngmt Limited Co. The United Kingdom-based Investec Asset has invested 2.29% in Bank of America Corporation (NYSE:BAC). Avalon Advisors Lc has invested 0.55% in Bank of America Corporation (NYSE:BAC). Madison invested in 921,514 shares or 0.46% of the stock. Campbell Newman Asset Incorporated invested in 152,000 shares. Japan-based Tokio Marine Asset Mgmt has invested 0.26% in Bank of America Corporation (NYSE:BAC). Bangor National Bank holds 14,242 shares or 0.07% of its portfolio. Factory Mutual has invested 1.24% of its portfolio in Bank of America Corporation (NYSE:BAC). 1.80 million are owned by Clal Enter Holding Limited. Pictet Asset Mngmt holds 0.47% in Bank of America Corporation (NYSE:BAC) or 6.23 million shares. London Of Virginia owns 1.51 million shares for 0.32% of their portfolio.

Loews Corp, which manages about $16.53 billion US Long portfolio, decreased its stake in Realogy Holdings Corp (NYSE:RLGY) by 266,500 shares to 163,500 shares, valued at $4.33M in 2017Q4, according to the filing. It also reduced its holding in General Motors Co. (NYSE:GM) by 30,000 shares in the quarter, leaving it with 229,283 shares, and cut its stake in Pfizer Inc (NYSE:PFE).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the stock with “Buy” rating in Monday, April 16 report. The firm has “Neutral” rating by Guggenheim given on Tuesday, November 15. The rating was downgraded by Robert W. Baird on Wednesday, November 16 to “Neutral”. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Nomura on Monday, April 16. The stock of Bank of America Corporation (NYSE:BAC) has “Mkt Perform” rating given on Monday, August 24 by Bruyette & Woods”. On Tuesday, September 1 the stock rating was upgraded by Macquarie Research to “Hold”. On Thursday, September 10 the stock rating was upgraded by Wells Fargo to “Outperform”. Robert W. Baird upgraded the stock to “Neutral” rating in Tuesday, August 25 report. The rating was maintained by Wells Fargo with “Buy” on Wednesday, December 20. The rating was maintained by Jefferies with “Buy” on Thursday, September 14.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “The Dangers Of Portfolio Concentration” on May 26, 2018, also Investorplace.com with their article: “Friday’s Vital Data: Micron Technology, Inc. (MU), Tesla Inc (TSLA) and Bank of America Corp (BAC)” published on May 18, 2018, Seekingalpha.com published: “Bank of America affirms gun pledge” on May 11, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Bizjournals.com and their article: “Gun-control advocates target Bank of America on Remington deal after Santa Fe shooting” published on May 24, 2018 as well as Fool.com‘s news article titled: “Is Bank of America Corporation a Buy?” with publication date: May 21, 2018.

Investors sentiment decreased to 0.73 in 2017 Q4. Its down 0.05, from 0.78 in 2017Q3. It worsened, as 31 investors sold WNC shares while 89 reduced holdings. 30 funds opened positions while 58 raised stakes. 69.95 million shares or 2.22% less from 71.54 million shares in 2017Q3 were reported. 659,301 were accumulated by Geode Capital Mgmt Llc. Prudential holds 870,969 shares. Fdx Advsrs Inc owns 0.01% invested in Wabash National Corporation (NYSE:WNC) for 25,260 shares. Ahl Llp reported 37,633 shares. Nordea Invest Mngmt reported 121,804 shares. State Of Tennessee Treasury Department stated it has 46,185 shares or 0% of all its holdings. Aqr Cap Mngmt has invested 0.01% in Wabash National Corporation (NYSE:WNC). Axa reported 0.03% of its portfolio in Wabash National Corporation (NYSE:WNC). Ameritas Prns holds 5,241 shares or 0.01% of its portfolio. Moreover, Cornerstone Management Holding has 0.04% invested in Wabash National Corporation (NYSE:WNC) for 285,743 shares. Us National Bank & Trust De invested 0% in Wabash National Corporation (NYSE:WNC). Blackrock holds 0.01% or 7.50M shares. Qs Limited Liability holds 0.07% or 348,402 shares. Pacific Ridge Cap Prns Ltd Limited Liability Company holds 0.35% of its portfolio in Wabash National Corporation (NYSE:WNC) for 60,830 shares. The California-based Hanson Mcclain has invested 0% in Wabash National Corporation (NYSE:WNC).

Systematic Financial Management Lp, which manages about $14.04B and $5.00B US Long portfolio, decreased its stake in Micron Technology Inc. (NASDAQ:MU) by 403,047 shares to 329,642 shares, valued at $13.56 million in 2017Q4, according to the filing. It also reduced its holding in Triple (NYSE:GTS) by 15,090 shares in the quarter, leaving it with 49,039 shares, and cut its stake in Cloud Peak Energy Inc (NYSE:CLD).

More recent Wabash National Corporation (NYSE:WNC) news were published by: Seekingalpha.com which released: “Wabash National’s (WNC) CEO Richard Giromini on Q1 2018 Results – Earnings Call Transcript” on May 04, 2018. Also Globenewswire.com published the news titled: “Wabash National Corporation Announces Quarterly Dividend” on May 17, 2018. Streetinsider.com‘s news article titled: “Wabash National (WNC) Misses Q1 EPS by 5c, Increases FY Guidance” with publication date: May 01, 2018 was also an interesting one.

Among 10 analysts covering Wabash National Corp (NYSE:WNC), 3 have Buy rating, 1 Sell and 6 Hold. Therefore 30% are positive. Wabash National Corp had 28 analyst reports since September 28, 2015 according to SRatingsIntel. Stifel Nicolaus downgraded the stock to “Hold” rating in Tuesday, December 8 report. Stephens maintained Wabash National Corporation (NYSE:WNC) rating on Thursday, January 25. Stephens has “Hold” rating and $25.0 target. Stifel Nicolaus maintained the stock with “Hold” rating in Monday, September 11 report. The company was maintained on Tuesday, October 31 by Stifel Nicolaus. The firm has “Hold” rating by Stifel Nicolaus given on Wednesday, August 9. BMO Capital Markets maintained it with “Hold” rating and $24.0 target in Thursday, February 1 report. The firm earned “Hold” rating on Sunday, October 15 by Stifel Nicolaus. The firm has “Neutral” rating by PiperJaffray given on Thursday, February 2. Stifel Nicolaus upgraded the shares of WNC in report on Thursday, January 26 to “Hold” rating. On Friday, December 22 the stock rating was maintained by Stifel Nicolaus with “Hold”.

Since February 5, 2018, it had 0 insider purchases, and 1 insider sale for $1.46 million activity.

Wabash National Corporation (NYSE:WNC) Institutional Positions Chart

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