As Wesco Intl (WCC) Market Value Declined, Shareholder Fmr Has Raised Stake; As American Campus Communities (ACC) Market Value Declined, Davis Selected Advisers Has Cut Stake by $3.53 Million

February 11, 2018 - By Pete Kolinski

Davis Selected Advisers decreased its stake in American Campus Communities Inc. (ACC) by 23.42% based on its latest 2017Q3 regulatory filing with the SEC. Davis Selected Advisers sold 80,335 shares as the company’s stock declined 5.08% while stock markets rallied. The institutional investor held 262,619 shares of the real estate investment trusts company at the end of 2017Q3, valued at $11.60M, down from 342,954 at the end of the previous reported quarter. Davis Selected Advisers who had been investing in American Campus Communities Inc. for a number of months, seems to be less bullish one the $4.86B market cap company. The stock increased 1.95% or $0.68 during the last trading session, reaching $35.48. About 1.85M shares traded or 105.81% up from the average. American Campus Communities, Inc. (NYSE:ACC) has risen 2.17% since February 11, 2017 and is uptrending. It has underperformed by 14.53% the S&P500.

Fmr Llc increased its stake in Wesco Intl Inc (WCC) by 9.54% based on its latest 2017Q3 regulatory filing with the SEC. Fmr Llc bought 561,653 shares as the company’s stock declined 13.95% while stock markets rallied. The institutional investor held 6.45M shares of the consumer non-durables company at the end of 2017Q3, valued at $375.50M, up from 5.88 million at the end of the previous reported quarter. Fmr Llc who had been investing in Wesco Intl Inc for a number of months, seems to be bullish on the $2.96 billion market cap company. The stock increased 1.86% or $1.15 during the last trading session, reaching $63. About 628,246 shares traded or 69.21% up from the average. WESCO International, Inc. (NYSE:WCC) has risen 13.26% since February 11, 2017 and is uptrending. It has underperformed by 3.44% the S&P500.

Davis Selected Advisers, which manages about $48.17 billion and $23.50 billion US Long portfolio, upped its stake in Sl Green Realty Corp. (NYSE:SLG) by 28,235 shares to 117,429 shares, valued at $11.90 million in 2017Q3, according to the filing. It also increased its holding in Wells Fargo & Co. (NYSE:WFC) by 368,667 shares in the quarter, for a total of 26.34 million shares, and has risen its stake in Alleghany Corporation (NYSE:Y).

Among 18 analysts covering American Campus Communities (NYSE:ACC), 7 have Buy rating, 4 Sell and 7 Hold. Therefore 39% are positive. American Campus Communities had 49 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Hold” rating by Deutsche Bank on Wednesday, August 10. The rating was maintained by FBR Capital on Monday, January 22 with “Buy”. The firm has “Hold” rating given on Wednesday, July 26 by Sandler O’Neill. On Thursday, July 23 the stock rating was initiated by Canaccord Genuity with “Hold”. The stock has “Buy” rating by Canaccord Genuity on Monday, February 8. The stock of American Campus Communities, Inc. (NYSE:ACC) earned “Underperform” rating by Hilliard Lyons on Friday, July 1. As per Friday, September 23, the company rating was initiated by CapitalOne. Evercore downgraded American Campus Communities, Inc. (NYSE:ACC) on Monday, March 21 to “Hold” rating. The firm earned “Underweight” rating on Friday, December 15 by JP Morgan. The company was upgraded on Monday, June 19 by Evercore.

Analysts await American Campus Communities, Inc. (NYSE:ACC) to report earnings on February, 20. They expect $0.72 earnings per share, up 10.77% or $0.07 from last year’s $0.65 per share. ACC’s profit will be $98.54M for 12.32 P/E if the $0.72 EPS becomes a reality. After $0.43 actual earnings per share reported by American Campus Communities, Inc. for the previous quarter, Wall Street now forecasts 67.44% EPS growth.

Investors sentiment increased to 1.25 in Q3 2017. Its up 0.08, from 1.17 in 2017Q2. It is positive, as 23 investors sold ACC shares while 87 reduced holdings. 36 funds opened positions while 102 raised stakes. 135.54 million shares or 1.20% less from 137.19 million shares in 2017Q2 were reported. Cadence Capital Mgmt Limited Liability Corp reported 0.03% in American Campus Communities, Inc. (NYSE:ACC). Pub Employees Retirement Sys Of Ohio invested in 211,380 shares or 0.05% of the stock. Enterprise Fincl Service owns 386 shares for 0.01% of their portfolio. 1St Source Commercial Bank holds 0.02% or 5,468 shares. California State Teachers Retirement Systems has invested 0.02% in American Campus Communities, Inc. (NYSE:ACC). Bancshares Of Montreal Can invested in 0% or 2,853 shares. California Employees Retirement Sys holds 0.02% in American Campus Communities, Inc. (NYSE:ACC) or 273,235 shares. Amp Invsts reported 865,428 shares. Waddell & Reed Inc holds 199,717 shares or 0.02% of its portfolio. Da Davidson And holds 0% or 5,232 shares in its portfolio. 77,355 were accumulated by Arizona State Retirement Systems. State Of Wisconsin Board has 0% invested in American Campus Communities, Inc. (NYSE:ACC). Comm Retail Bank has 11,199 shares for 0.01% of their portfolio. Fil Limited invested in 0.03% or 253,632 shares. Commonwealth Of Pennsylvania School Empls Retrmt invested 0.01% in American Campus Communities, Inc. (NYSE:ACC).

Among 20 analysts covering Wesco International Inc. (NYSE:WCC), 9 have Buy rating, 0 Sell and 11 Hold. Therefore 45% are positive. Wesco International Inc. had 71 analyst reports since July 24, 2015 according to SRatingsIntel. On Friday, October 27 the stock rating was maintained by UBS with “Neutral”. On Monday, August 24 the stock rating was upgraded by Standpoint Research to “Hold”. RBC Capital Markets downgraded WESCO International, Inc. (NYSE:WCC) rating on Wednesday, January 6. RBC Capital Markets has “Sector Perform” rating and $50 target. The firm has “Equal-Weight” rating by Barclays Capital given on Monday, October 5. RBC Capital Markets maintained WESCO International, Inc. (NYSE:WCC) rating on Monday, July 10. RBC Capital Markets has “Hold” rating and $7200 target. The stock has “Buy” rating by Standpoint Research on Thursday, August 3. The firm has “Hold” rating by RBC Capital Markets given on Thursday, July 27. The stock of WESCO International, Inc. (NYSE:WCC) has “Hold” rating given on Thursday, July 27 by Oppenheimer. The stock has “Hold” rating by UBS on Tuesday, January 23. The company was reinitiated on Friday, June 17 by Credit Suisse.

Investors sentiment decreased to 0.98 in Q3 2017. Its down 0.30, from 1.28 in 2017Q2. It fall, as 35 investors sold WCC shares while 59 reduced holdings. 25 funds opened positions while 67 raised stakes. 45.65 million shares or 2.05% less from 46.61 million shares in 2017Q2 were reported. Meeder Asset Mgmt reported 589 shares. Pinnacle Assoc Limited invested 0.02% in WESCO International, Inc. (NYSE:WCC). Commonwealth Equity Services Inc owns 3,632 shares. Systematic Management LP holds 0.04% or 29,625 shares in its portfolio. The Pennsylvania-based Nationwide Fund Advisors has invested 0% in WESCO International, Inc. (NYSE:WCC). Bnp Paribas Arbitrage Sa has 2,522 shares. D E Shaw And accumulated 327,922 shares or 0.03% of the stock. Los Angeles Capital Mngmt Equity holds 46,344 shares or 0.02% of its portfolio. Prelude Ltd, New York-based fund reported 1,342 shares. Alpha Windward Limited Liability, a Massachusetts-based fund reported 9,483 shares. Alphaone Invest Limited holds 0.01% or 550 shares in its portfolio. 3.93M are held by Dimensional Fund Advsrs L P. Utah Retirement Sys has invested 0.01% in WESCO International, Inc. (NYSE:WCC). 88,155 were accumulated by Brandywine Global Investment Management Llc. Investec Asset Mngmt North America has 0.2% invested in WESCO International, Inc. (NYSE:WCC) for 19,938 shares.

Fmr Llc, which manages about $827.12 billion US Long portfolio, decreased its stake in Commercehub Inc by 95,800 shares to 1.04 million shares, valued at $22.15 million in 2017Q3, according to the filing. It also reduced its holding in Unum Group (NYSE:UNM) by 223,179 shares in the quarter, leaving it with 20.29M shares, and cut its stake in Nicholas Financial Inc (NASDAQ:NICK).

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