CSS Industries, Inc. (CSS) Reaches $20.60 52 Week Low; Causeway Capital Management Has Raised Its Bank Amer (BAC) Holding

February 12, 2018 - By Hazel Jackson

Causeway Capital Management Llc increased Bank Amer Corp (BAC) stake by 19.24% reported in 2017Q3 SEC filing. Causeway Capital Management Llc acquired 925,258 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Causeway Capital Management Llc holds 5.73 million shares with $145.31 million value, up from 4.81M last quarter. Bank Amer Corp now has $322.04 billion valuation. The stock increased 3.22% or $0.975 during the last trading session, reaching $31.305. About 64.03 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 12, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

The stock of CSS Industries, Inc. (NYSE:CSS) hit a new 52-week low and has $19.57 target or 5.00% below today’s $20.60 share price. The 5 months bearish chart indicates high risk for the $187.70M company. The 1-year low was reported on Feb, 12 by Barchart.com. If the $19.57 price target is reached, the company will be worth $9.39M less. The stock decreased 1.58% or $0.33 during the last trading session, reaching $20.6. About 78,501 shares traded or 66.96% up from the average. CSS Industries, Inc. (NYSE:CSS) has declined 5.69% since February 12, 2017 and is downtrending. It has underperformed by 22.39% the S&P500.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It turned negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Sva Plumb Wealth Management Ltd Liability Corporation holds 0.04% or 13,124 shares. Moreover, Gabelli Funds Limited Liability has 0.1% invested in Bank of America Corporation (NYSE:BAC). Schnieders Mngmt Ltd Liability Corporation owns 184,077 shares or 2.04% of their US portfolio. Prudential Public Lc stated it has 16.57 million shares. Roffman Miller Associates Incorporated Pa holds 140,927 shares. 113,928 were reported by Intrust State Bank Na. 561,300 are held by Payden & Rygel. Atwood Palmer accumulated 13,482 shares. Partnervest Advisory Service Limited Liability Corporation owns 21,166 shares. Private Wealth Prtnrs Lc reported 0.71% of its portfolio in Bank of America Corporation (NYSE:BAC). The Georgia-based Acg Wealth has invested 0.35% in Bank of America Corporation (NYSE:BAC). Natixis owns 4.32M shares. Private Advisor Group Incorporated Limited Liability Corporation accumulated 559,411 shares or 0.36% of the stock. Epoch Invest Prtnrs holds 1.24% or 14.67 million shares. Silvercrest Asset Grp Incorporated Ltd Liability owns 0.06% invested in Bank of America Corporation (NYSE:BAC) for 249,671 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 106 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was upgraded by Bruyette & Woods” to “Mkt Perform” on Monday, August 24. The firm earned “Outperform” rating on Friday, January 29 by Credit Agricole. The company was maintained on Wednesday, December 6 by RBC Capital Markets. As per Thursday, April 7, the company rating was maintained by JP Morgan. The stock has “Buy” rating by Wells Fargo on Wednesday, December 20. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, January 9 by Sandler O’Neill. Renaissance Macro Securities LLC maintained it with “Buy” rating and $2900 target in Sunday, July 23 report. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, July 21 by Jefferies. The firm earned “Buy” rating on Tuesday, September 1 by Robert W. Baird. The stock of Bank of America Corporation (NYSE:BAC) earned “Overweight” rating by JP Morgan on Wednesday, November 1.

Causeway Capital Management Llc decreased Dr Reddys Labs Ltd (NYSE:RDY) stake by 92,500 shares to 96,043 valued at $3.43 million in 2017Q3. It also reduced Bhp Billiton Plc (NYSE:BBL) stake by 105,366 shares and now owns 199,392 shares. Sap Se (NYSE:SAP) was reduced too.

CSS Industries, Inc., a consumer products company, designs, makes, procures, distributes, and sells seasonal, celebrations, and craft social expression products principally to mass market retailers in the United States and Canada. The company has market cap of $187.70 million. The Company’s craft and celebrations consumer products include craft ribbon and buttons, sewing patterns, infant products, journals, all occasion boxed greeting cards, gift card holders, gift bags, gift wrap, floral accessories, memory books, scrapbooks, stationery, stickers, and other gift and craft items. It currently has negative earnings. The company??s seasonal consumer products comprise Christmas products, such as packaging ribbon and bows, boxed greeting cards, gift tags, gift card holders, gift bags, gift wraps, tissue papers, and decorations; Valentine products consisting of classroom exchange Valentine cards and other related Valentine products; Easter product, including Easter egg dyes and related Easter seasonal products; and back-to-school products, such as teachers?? aids and other learning oriented products.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 1.29, from 2.44 in 2017Q2. It worsened, as 6 investors sold CSS Industries, Inc. shares while 21 reduced holdings. 9 funds opened positions while 22 raised stakes. 7.45 million shares or 0.16% less from 7.46 million shares in 2017Q2 were reported. The New York-based First Manhattan has invested 0.02% in CSS Industries, Inc. (NYSE:CSS). The New York-based Ny State Common Retirement Fund has invested 0% in CSS Industries, Inc. (NYSE:CSS). Brown Brothers Harriman Company invested in 9,514 shares or 0% of the stock. Minerva Advsrs Limited Liability Com stated it has 0.58% in CSS Industries, Inc. (NYSE:CSS). 32,303 were reported by Goldman Sachs Gru. Parametric Portfolio Assocs Ltd Llc reported 42,170 shares. Jpmorgan Chase & Co owns 7,172 shares for 0% of their portfolio. Virginia Retirement Et Al holds 0% or 7,200 shares. Moreover, Northern Tru has 0% invested in CSS Industries, Inc. (NYSE:CSS) for 342,773 shares. 289,661 were accumulated by Walthausen And Limited Liability. Sg Americas Secs Ltd Liability Corporation holds 9,222 shares. Bridgeway Incorporated stated it has 156,108 shares or 0.05% of all its holdings. Voya Investment Mngmt Ltd accumulated 7,400 shares. Lsv Asset Mgmt owns 147,500 shares. Sei Invests owns 349 shares.

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