Apartment Investment & Manag (AIV) Shareholder Adelante Capital Management Trimmed Its Position by $545,842; Tower Bridge Advisors Cut Its Stake in Abbvie (ABBV) as Share Value Rose

February 13, 2018 - By Hazel Jackson

Adelante Capital Management Llc decreased its stake in Apartment Investment & Manag (AIV) by 0.82% based on its latest 2017Q3 regulatory filing with the SEC. Adelante Capital Management Llc sold 12,694 shares as the company’s stock declined 4.38% while stock markets rallied. The hedge fund held 1.54 million shares of the real estate investment trusts company at the end of 2017Q3, valued at $67.73 million, down from 1.56 million at the end of the previous reported quarter. Adelante Capital Management Llc who had been investing in Apartment Investment & Manag for a number of months, seems to be less bullish one the $6.45B market cap company. The stock decreased 0.10% or $0.04 during the last trading session, reaching $39.23. About 61,085 shares traded. Apartment Investment and Management Company (NYSE:AIV) has risen 4.52% since February 13, 2017 and is uptrending. It has underperformed by 12.18% the S&P500.

Tower Bridge Advisors decreased its stake in Abbvie Inc (ABBV) by 2.83% based on its latest 2017Q3 regulatory filing with the SEC. Tower Bridge Advisors sold 1,021 shares as the company’s stock rose 6.17% with the market. The institutional investor held 35,093 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $3.12B, down from 36,114 at the end of the previous reported quarter. Tower Bridge Advisors who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $177.20 billion market cap company. The stock decreased 0.83% or $0.93 during the last trading session, reaching $111. About 631,135 shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 13, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.15, from 1 in 2017Q2. It turned negative, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Tocqueville Asset LP owns 543,145 shares or 0.56% of their US portfolio. Goelzer Investment Management holds 81,026 shares. Ngam Lp reported 0.25% in AbbVie Inc. (NYSE:ABBV). 88,240 are owned by Jefferies Gp Limited Company. Old Mutual Investors (Uk) has 0.02% invested in AbbVie Inc. (NYSE:ABBV). 31,470 were reported by Cornerstone Inv Prtn. 12,633 were accumulated by First Heartland Consultants. M&R Mgmt holds 26,749 shares. Com National Bank has 0.37% invested in AbbVie Inc. (NYSE:ABBV). 9,860 are owned by Chilton Mngmt Lc. Barrington Strategic Wealth Management Gp Ltd Liability Co holds 0.45% or 10,037 shares in its portfolio. Harvey Inv Limited Liability Company stated it has 110,938 shares or 1.95% of all its holdings. Mckinley Management Limited Liability Company Delaware owns 0.87% invested in AbbVie Inc. (NYSE:ABBV) for 238,672 shares. First Allied Advisory Svcs Incorporated invested in 0.3% or 78,840 shares. Shell Asset Mgmt Com holds 0.29% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 303,775 shares.

Since September 11, 2017, it had 0 insider purchases, and 5 insider sales for $25.59 million activity. Michael Robert A. also sold $589,512 worth of AbbVie Inc. (NYSE:ABBV) on Thursday, September 28. Gosebruch Henry O had sold 18,300 shares worth $1.66M. RICHMOND TIMOTHY J. sold 87,040 shares worth $8.57 million. 145,510 shares valued at $14.07M were sold by Schumacher Laura J on Thursday, December 14.

Tower Bridge Advisors, which manages about $1.11 billion and $879.96B US Long portfolio, upped its stake in Pioneer Natural Res C (NYSE:PXD) by 3,255 shares to 6,825 shares, valued at $1.01 billion in 2017Q3, according to the filing. It also increased its holding in Vanguard/Wellesley In by 62 shares in the quarter, for a total of 4,199 shares, and has risen its stake in J P Morgan Chase & Co (NYSE:JPM).

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by SunTrust on Wednesday, July 22 with “Buy”. The firm earned “Buy” rating on Monday, March 7 by Goldman Sachs. The stock has “Buy” rating by Leerink Swann on Tuesday, December 5. The rating was upgraded by Cowen & Co on Wednesday, October 11 to “Outperform”. The stock of AbbVie Inc. (NYSE:ABBV) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, June 8. Cowen & Co maintained AbbVie Inc. (NYSE:ABBV) rating on Monday, November 20. Cowen & Co has “Buy” rating and $105.0 target. The rating was maintained by Morgan Stanley on Tuesday, January 30 with “Equal-Weight”. The stock of AbbVie Inc. (NYSE:ABBV) has “Neutral” rating given on Monday, October 31 by Credit Suisse. TheStreet upgraded AbbVie Inc. (NYSE:ABBV) on Tuesday, August 11 to “Buy” rating. Barclays Capital downgraded AbbVie Inc. (NYSE:ABBV) rating on Tuesday, December 1. Barclays Capital has “Equal-Weight” rating and $72 target.

Among 17 analysts covering Apartment Investment & Management Co (NYSE:AIV), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Apartment Investment & Management Co had 49 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Robert W. Baird on Wednesday, April 13. The stock of Apartment Investment and Management Company (NYSE:AIV) earned “Mkt Perform” rating by JMP Securities on Thursday, October 20. The firm has “Sell” rating by Miller Tabak given on Monday, November 9. The firm has “Hold” rating by Robert W. Baird given on Tuesday, October 17. The firm has “Buy” rating by SunTrust given on Monday, January 22. On Tuesday, January 9 the stock rating was maintained by BMO Capital Markets with “Sell”. SunTrust maintained it with “Hold” rating and $48.0 target in Thursday, October 26 report. The firm earned “Underperform” rating on Monday, July 10 by Mizuho. Mizuho maintained Apartment Investment and Management Company (NYSE:AIV) rating on Friday, October 13. Mizuho has “Sell” rating and $42.0 target. The stock has “Buy” rating by Canaccord Genuity on Tuesday, February 9.

Adelante Capital Management Llc, which manages about $1.78 billion and $1.81 billion US Long portfolio, upped its stake in Dct Industrial Trust (NYSE:DCT) by 46,375 shares to 1.05 million shares, valued at $61.06 million in 2017Q3, according to the filing. It also increased its holding in Retail Opportunity Investmen (NASDAQ:ROIC) by 81,014 shares in the quarter, for a total of 1.18 million shares, and has risen its stake in Brookdale Senior Living (NYSE:BKD).

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.09, from 1.09 in 2017Q2. It dived, as 37 investors sold AIV shares while 96 reduced holdings. 36 funds opened positions while 97 raised stakes. 154.80 million shares or 1.92% more from 151.88 million shares in 2017Q2 were reported. Da Davidson And accumulated 5,189 shares. Macquarie Group Ltd reported 285,707 shares. Ls Invest Lc invested 0.02% in Apartment Investment and Management Company (NYSE:AIV). Ameritas has 0.01% invested in Apartment Investment and Management Company (NYSE:AIV). Spirit Of America Mngmt Ny reported 60,180 shares. 2,900 were reported by Old Mutual Customised Solutions (Proprietary). Long Pond Cap Lp accumulated 5.93 million shares. California State Teachers Retirement Sys reported 261,009 shares. Victory has 2,591 shares for 0% of their portfolio. Stevens Mngmt Lp stated it has 0.24% in Apartment Investment and Management Company (NYSE:AIV). Tiaa Cref Inv Ltd has invested 0.03% of its portfolio in Apartment Investment and Management Company (NYSE:AIV). Heitman Real Securities Ltd has invested 2.54% in Apartment Investment and Management Company (NYSE:AIV). Louisiana State Employees Retirement Systems reported 9,800 shares. Daiwa Securities stated it has 6.07 million shares or 1.82% of all its holdings. Carlson Capital Lp stated it has 0.34% in Apartment Investment and Management Company (NYSE:AIV).

Since August 23, 2017, it had 0 buys, and 3 selling transactions for $687,850 activity. COHN LISA R sold $119,455 worth of Apartment Investment and Management Company (NYSE:AIV) on Friday, January 26. $460,000 worth of Apartment Investment and Management Company (NYSE:AIV) was sold by Kimmel Keith M.

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