Archon Partners LLC Purchases New Holdings in Bank of America Corp (BAC)

  • Archon Partners LLC Purchases New Holdings in Bank of America Corp (BAC)

Archon Partners LLC Purchases New Holdings in Bank of America Corp (BAC)

Dreman Value Management Llc sold 20,999 shares as the company's stock declined 6.00% while stock markets rallied. The institutional investor held 28.97M shares of the major banks company at the end of 2017Q3, valued at $734.17M, down from 30.05M at the end of the previous reported quarter.

Bank of America Corporation (BAC) surged 0.36% yesterday to close its trading session at $30.66. The company had a trading volume of 66,257,552 shares, compared to its average volume of 73,990,000.

Bank of America (NYSE:BAC) last issued its quarterly earnings data on Friday, October 13th. It has outperformed by 41.94% the S&P500. The 6 months bullish chart indicates low risk for the $10.41 billion company.

Ed Beddow increased its stake in Abb Ltd (ABB) by 7.14% based on its latest 2017Q3 regulatory filing with the SEC. The company has market cap of $325.23 billion. Barclays Capital downgraded the shares of RRC in report on Thursday, January 28 to "Equal Weight" rating. Goldman Sachs has invested 0% in Carbonite, Inc.

The stock increased 0.83% or $0.26 during the last trading session, reaching $31.57. About 6.66M shares traded. TransUnion (NYSE:TRU) has risen 32.43% since January 13, 2017 and is uptrending. It has underperformed by 52.75% the S&P500.

Beddow Capital Management Inc, which manages about $385.61M and $245.40 million US Long portfolio, decreased its stake in Denny's (NASDAQ:DENN) by 29,500 shares to 402,730 shares, valued at $5.01M in 2017Q3, according to the filing. RRC's profit will be $34.19M for 31.39 P/E if the $0.14 EPS becomes a reality. During the same quarter in the previous year, the company posted $0.41 earnings per share.

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

Investors sentiment decreased to 1.04 in 2017 Q3. Its up 0.01, from 1.15 in 2017Q2. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. Cambridge Financial Grp Inc Inc reported 3.02% stake. Pitcairn Co invested in 0.39% or 135,109 shares. After a recent check, it is observed that the insiders for the firm now own 0.08% shares. Oakmont Corporation reported 0.04% stake. Ameritas Invest Prtnrs Incorporated owns 0.45% invested in Bank of America Corporation (NYSE:BAC) for 387,851 shares. Alps reported 29,162 shares. Fin Mngmt has invested 0.03% in Bank of America Corporation (NYSE:BAC). Grantham Mayo Van Otterloo & Comm Lc has 8,900 shares for 0% of their portfolio. During the same period in the prior year, the business posted $0.41 earnings per share. Sanders Capital Ltd Llc has invested 4.63% in Bank of America Corporation (NYSE:BAC). Schnieders Mgmt Limited Liability Company has invested 2.04% in Bank of America Corporation (NYSE:BAC). (NYSE:D). Motley Fool Wealth Management Ltd Liability Co, Virginia-based fund reported 13,162 shares. 1St Source Bankshares invested in 7,305 shares. Mengis Capital invested 2.12% in Bank of America Corporation (NYSE:BAC). Retirement Systems Of Alabama has 8.07 million shares. One research analyst has rated the stock with a sell rating, eight have issued a hold rating, eighteen have given a buy rating and two have issued a strong buy rating to the company. Therefore 66% are positive. TransUnion had 48 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned "Hold" rating by BMO Capital Markets on Tuesday, July 18. The rating was maintained by JP Morgan on Monday, May 2 with "Neutral". H.C. Wainwright maintained the stock with "Buy" rating in Wednesday, September 27 report. (NYSE:D) has "Hold" rating given on Wednesday, January 3 by CFRA. Raymond James maintained the shares of BAC in report on Tuesday, December 5 with "Buy" rating. As per Thursday, June 23, the company rating was upgraded by Citigroup. The stock of Bank of America Corporation (NYSE:BAC) earned "Buy" rating by Societe Generale on Wednesday, January 11. Oppenheimer maintained the stock with "Outperform" rating in Tuesday, October 6 report. It also reduced its holding in Marsh & Mclennan Companies Inc. It also upped First Midwest Bancorp Del (NASDAQ:FMBI) stake by 65,000 shares and now owns 996,442 shares.

Investors sentiment increased to 1.63 in 2017 Q3. Its up 0.15, from 0.8 in 2017Q2. It is without change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 23 funds opened positions while 47 raised stakes. Umb Bancorporation N A Mo reported 83,331 shares or 0.22% of all its holdings. Third Point Ltd accumulated 12.25M shares. Northstar Group Inc accumulated 13,007 shares. Parametric Portfolio Assocs Limited Liability holds 0.72% in Bank of America Corporation (NYSE:BAC) or 25.66 million shares. Cypress Mngmt Limited Liability Corp (Wy) has invested 0.04% of its portfolio in Carbonite, Inc. Wedgewood Inc Pa has invested 0.56% in Church & Dwight Co., Inc. Ingalls And Snyder Limited Liability reported 157,894 shares stake. State Of Wisconsin Board has invested 0.02% of its portfolio in Church & Dwight Co., Inc. Dixon Hubard Feinour & Brown Va holds 0.19% or 25,721 shares.

Chesapeake Energy Corporation is the second-largest producer of natural gas, a Top 15 producer of oil and natural gas liquids and the most active driller of new wells in the U.S. Headquartered in Oklahoma City, the company's operations are focused on discovering and developing unconventional natural gas and oil fields onshore in the U.S. Chesapeake owns leading positions in the Marcellus, Haynesville, Bossier, and Barnett natural gas shale plays and in the Eagle Ford, Utica, Mississippi Lime, Granite Wash, Cleveland, Tonkawa, Niobrara, Bone Spring, Avalon, Wolfcamp and Wolfberry unconventional liquids plays. Td Asset reported 63,851 shares. Frontier Investment Mgmt accumulated 0.17% or 11,849 shares. Salem Counselors holds 500 shares.

Among 9 analysts covering Carbonite (NASDAQ:CARB), 5 have Buy rating, 2 Sell and 2 Hold. Therefore 92% are positive. The rating was maintained by RBC Capital Markets on Tuesday, November 3 with "Outperform". RBC Capital Markets maintained the shares of BAC in report on Wednesday, April 5 with "Buy" rating. Avondale maintained NN, Inc. The firm has "Neutral" rating given on Monday, September 14 by Citigroup. Stifel Nicolaus has "Hold" rating and $53.0 target.

Among 19 analysts covering Dominion Midstream (NYSE:D), 9 have Buy rating, 1 Sell and 9 Hold. (NASDAQ:NNBR) has "Buy" rating given on Tuesday, August 18 by Stifel Nicolaus. As per Wednesday, December 21, the company rating was upgraded by Atlantic Securities.