emfizz.com June 29, 2017

Bank of America Corp (BAC) Position Cut by Longer Investments Inc

19 May 2017, 10:32 | Jan Cross

MCF Advisors LLC increased its position in shares of Bank of America Corp by 0.4% in the third quarter. Carroll Financial Associates Inc.'s holdings in Bank of America Corp were worth $3,490,000 as of its most recent filing with the SEC. The financial services provider reported $0.41 earnings per share for the quarter, beating the consensus estimate of $0.35 by $0.06. Bankamerica Corp now has $212.91B valuation. Las Vegas Sands Corp. Active Energy Group PLC (LON:AEG) has risen 6.00% since April 17, 2017 and is uptrending. A recommendation of 1 or 2 would represent a consensus Buy. On Tuesday, March 7 the insider GOLDSTEIN DOV A MD sold $533,116. Therefore 13% are positive. Finally, Keefe, Bruyette & Woods reaffirmed an "outperform" rating on shares of Bank of America Corp in a research report on Thursday, April 6th. The stock of Las Vegas Sands Corp. On Thursday, November 3 the stock rating was downgraded by Stifel Nicolaus to "Hold". The firm has "Buy" rating by Berenberg given on Wednesday, July 13. Bank of America Corp now has a consensus rating of "Buy" and a consensus target price of $22.73. Investors bought 80,140 call options on the company. (NYSE:LVS) has "Equal-Weight" rating given on Tuesday, October 27 by Barclays Capital.

The stock diminished about -21.55% in the past 5 years, this negative value indicates that the stock constantly going down in previous years as well.

15 number of analysts have estimated the sales of the company for the quarter ending Jul 17, 2017- Jul 21, 2017, analysts estimated mean sale target of 22475.5 million while high and low sale targets are estimated at 23114.6 million and 21763 million respectively. The stock has "Buy" rating by Sandler O'Neill on Wednesday, January 20. On Thursday, January 26 the stock rating was maintained by Stifel Nicolaus with "Buy". Darsana Limited Partnership stated it has 4.00 million shares or 4.28% of all its holdings. It also upped Direxion Daily Gold Miners Bul (NUGT) stake by 557,600 shares and now owns 700,000 shares. United Continental Hldgs Inc C (NYSE:UAL) was reduced too.

Investors sentiment increased to 1.1 in 2016 Q4.

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Debt to Equity ratio stands at 1.86 while Long Term Debt To Equity Ratio flashes the value of 0.78. It is positive, as 14 investors sold Analogic Corporation shares while 49 reduced holdings. 98 funds opened positions while 167 raised stakes. Connor Clark & Lunn Investment Management Limited holds 0.21% or 1.41M shares. This Beta value of Bank of America Corporation (BAC) shows that it has historically moved 131% for every 100% move in the benchmark. (NYSE:TAHO) shares moved to $9.41 after starting the day at $9.49. Rothschild Investment Il owns 1.03% invested in Las Vegas Sands Corp. Mackay Shields Ltd Llc accumulated 666,299 shares. (NYSE:LVS) or 314,735 shares. The firm earned "Hold" rating on Tuesday, September 1 by Macquarie Research. Wealthcare Mngmt Ltd holds 3,060 shares or 0.01% of its portfolio. Ibm Retirement Fund has invested 0.08% in Las Vegas Sands Corp. Boston Private Wealth Limited Liability has 0.43% invested in Bank of America Corp (NYSE:BAC). Advisory Rech has 0.64% invested in Analogic Corporation (NASDAQ:ALOG). Louisiana State Employees Retirement System accumulated 0.72% or 635,400 shares. Credit Suisse Ag reported 538,757 shares. The Thomasville, Georgia-based company said it had net income of 29 cents per share.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.01, from 0.96 in 2016Q3. Foster & Motley holds 15,015 shares or 0.06% of its portfolio. For our stock under consideration here, Bank of America Corporation (BAC) has distance from 20 Day SMA is 1.56% while its distance from 50 day SMA is 0.89%. Budros Ruhlin Roe stated it has 19,146 shares. Sabby Mgmt accumulated 43,121 shares. Sawgrass Asset Mngmt Lc stated it has 34,084 shares or 0.04% of all its holdings.

On the other hand the company has Relative Strength Index (RSI 14) of 53.08 along with Average True Range (ATR 14) of 0.41, Consequently Bank of America Corp (NYSE:BAC)'s weekly and monthly volatility is 1.11%, 1.70% respectively. 258,919 are owned by Airain. (NASDAQ:AVID). West Coast has invested 0.58% of its portfolio in Avid Technology, Inc. The mean target of $26.00 should be compared with the price when the stock was languishing around $11.91 a share. WHITE MICHAEL D also bought $503,500 worth of Bank of America Corp (NYSE:BAC) shares.

Since November 21, 2016, it had 1 insider buy, and 0 selling transactions for $503,500 activity. One investment analyst has rated the stock with a sell rating, nine have issued a hold rating, twenty-five have given a buy rating and two have assigned a strong buy rating to the stock. Therefore 67% are positive. The firm earned "Neutral" rating on Friday, April 8 by Citigroup. The firm has "Market Perform" rating given on Monday, May 16 by Wood. On Tuesday, August 11 the stock rating was upgraded by HSBC to "Hold". Daiwa Capital Markets raised Bank of America Corp from a "hold" rating to an "outperform" rating in a report on Tuesday, February 7th.

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