Poplar Forest Capital Cut By $1.25 Million Its Bank Amer (BAC) Stake; Crown Crafts (CRWS) Has 0.92 Sentiment

May 27, 2018 - By Marie Mckinney

Crown Crafts, Inc. (NASDAQ:CRWS) Logo

Crown Crafts Inc (CRWS) investors sentiment decreased to 0.92 in 2017 Q4. It’s down -0.46, from 1.38 in 2017Q3. The ratio dropped, as 12 investment professionals opened new or increased equity positions, while 13 reduced and sold their equity positions in Crown Crafts Inc. The investment professionals in our database reported: 4.24 million shares, up from 4.22 million shares in 2017Q3. Also, the number of investment professionals holding Crown Crafts Inc in top ten equity positions was flat from 0 to 0 for the same number . Sold All: 2 Reduced: 11 Increased: 9 New Position: 3.

Poplar Forest Capital Llc decreased Bank Amer Corp (BAC) stake by 2.33% reported in 2017Q4 SEC filing. Poplar Forest Capital Llc sold 43,201 shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Poplar Forest Capital Llc holds 1.81 million shares with $53.42M value, down from 1.85 million last quarter. Bank Amer Corp now has $305.80B valuation. 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 27, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Another recent and important Crown Crafts, Inc. (NASDAQ:CRWS) news was published by Globenewswire.com which published an article titled: “Crown Crafts Announces Quarterly Cash Dividend” on April 30, 2018.

Since January 1, 0001, it had 0 buys, and 6 insider sales for $72,641 activity.

Crown Crafts, Inc., through its subsidiaries, operates in the consumer products industry in the United States and internationally. The company has market cap of $60.01 million. It provides infant, toddler, and juvenile products, including crib and toddler beddings; blankets and swaddle blankets; nursery and toddler accessories; room décors; reusable and disposable bibs; burp cloths; hooded bath towels and washcloths; reusable and disposable placemats and floor mats; disposable cup labels, toilet seat covers, and changing mats; and other infant, toddler, and juvenile soft goods. It has a 17.71 P/E ratio. The firm sells its products primarily to mass merchants, mid-tier retailers, juvenile specialty stores, value channel stores, grocery and drug stores, restaurants, Internet accounts, and wholesale clubs through a network of sales force and independent commissioned sales representatives.

Analysts await Crown Crafts, Inc. (NASDAQ:CRWS) to report earnings on June, 13. They expect $0.13 earnings per share, down 18.75% or $0.03 from last year’s $0.16 per share. CRWS’s profit will be $1.31M for 11.44 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Crown Crafts, Inc. for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

The stock decreased 1.65% or $0.1 during the last trading session, reaching $5.95. About 10,603 shares traded. Crown Crafts, Inc. (CRWS) has declined 27.16% since May 27, 2017 and is downtrending. It has underperformed by 38.71% the S&P500.

Moab Capital Partners Llc holds 1.06% of its portfolio in Crown Crafts, Inc. for 650,035 shares. Bard Associates Inc owns 183,270 shares or 0.57% of their US portfolio. Moreover, North Star Investment Management Corp. has 0.45% invested in the company for 573,622 shares. The Missouri-based Cutter & Co Brokerage Inc. has invested 0.13% in the stock. Wcm Investment Management Ca, a California-based fund reported 297,908 shares.

Poplar Forest Capital Llc increased Weatherford Intl Plc (NYSE:WFT) stake by 815,001 shares to 7.39 million valued at $30.80M in 2017Q4. It also upped Aecom (NYSE:ACM) stake by 58,716 shares and now owns 1.43M shares. Devon Energy Corp New (NYSE:DVN) was raised too.

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. Da Davidson & stated it has 0.14% of its portfolio in Bank of America Corporation (NYSE:BAC). Greenleaf reported 0.05% of its portfolio in Bank of America Corporation (NYSE:BAC). Blue Ridge Ltd Liability reported 4.68M shares. Nbt Fincl Bank N A accumulated 30,100 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Mngmt Corporation has invested 0.28% of its portfolio in Bank of America Corporation (NYSE:BAC). Dreman Value L L C reported 104,681 shares stake. Train Babcock Advsrs Limited Com invested 0.59% of its portfolio in Bank of America Corporation (NYSE:BAC). Cambridge Investment Rech Advisors Incorporated invested 0.28% of its portfolio in Bank of America Corporation (NYSE:BAC). Fjarde Ap has 1.26% invested in Bank of America Corporation (NYSE:BAC) for 2.81M shares. Texas-based Twin Tree Management LP has invested 0.06% in Bank of America Corporation (NYSE:BAC). 101,360 were accumulated by Reliant Invest Mngmt Limited Liability Corp. Crestwood Advsr Gp Limited has 894,827 shares. Wade G W & owns 63,934 shares for 0.22% of their portfolio. Oxbow Advsr Limited Liability has 0.74% invested in Bank of America Corporation (NYSE:BAC) for 133,480 shares. Walter And Keenan Financial Consulting Mi Adv holds 0.24% of its portfolio in Bank of America Corporation (NYSE:BAC) for 19,234 shares.

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. The firm earned “Buy” rating on Wednesday, April 4 by Keefe Bruyette & Woods. The rating was maintained by Jefferies with “Buy” on Tuesday, July 21. The firm earned “Hold” rating on Wednesday, April 12 by BMO Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $2600 target in Wednesday, June 14 report. The firm has “Hold” rating given on Tuesday, January 2 by Robert W. Baird. Citigroup downgraded the shares of BAC in report on Tuesday, April 4 to “Neutral” rating. The rating was maintained by UBS with “Neutral” on Monday, October 16. As per Tuesday, September 1, the company rating was upgraded by Macquarie Research. The stock of Bank of America Corporation (NYSE:BAC) has “Outperform” rating given on Friday, March 16 by Credit Suisse. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Monday, March 26 by Oppenheimer.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.64 earnings per share, up 39.13% or $0.18 from last year’s $0.46 per share. BAC’s profit will be $6.49 billion for 11.78 P/E if the $0.64 EPS becomes a reality. After $0.62 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

Crown Crafts, Inc. (NASDAQ:CRWS) Institutional Positions Chart

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