Seabridge Gold (SA) Holder Essex Investment Management Co Boosted Position; Jpmorgan Chase & Co (JPM) Shares Declined While Strategy Asset Managers Cut by $301,150 Its Holding

February 13, 2018 - By Peter Erickson

Essex Investment Management Co Llc increased its stake in Seabridge Gold Inc (SA) by 258.69% based on its latest 2017Q3 regulatory filing with the SEC. Essex Investment Management Co Llc bought 144,347 shares as the company’s stock declined 8.47% while stock markets rallied. The hedge fund held 200,147 shares of the basic industries company at the end of 2017Q3, valued at $2.44 million, up from 55,800 at the end of the previous reported quarter. Essex Investment Management Co Llc who had been investing in Seabridge Gold Inc for a number of months, seems to be bullish on the $622.86 million market cap company. The stock increased 4.57% or $0.475 during the last trading session, reaching $10.875. About 158,821 shares traded. Seabridge Gold Inc. (NYSE:SA) has declined 18.80% since February 13, 2017 and is downtrending. It has underperformed by 35.50% the S&P500.

Strategy Asset Managers Llc decreased its stake in Jpmorgan Chase & Co (JPM) by 2.58% based on its latest 2017Q3 regulatory filing with the SEC. Strategy Asset Managers Llc sold 3,170 shares as the company’s stock declined 6.04% while stock markets rallied. The institutional investor held 119,859 shares of the major banks company at the end of 2017Q3, valued at $11.45 million, down from 123,029 at the end of the previous reported quarter. Strategy Asset Managers Llc who had been investing in Jpmorgan Chase & Co for a number of months, seems to be less bullish one the $386.15 billion market cap company. The stock increased 0.90% or $1.01 during the last trading session, reaching $112.75. About 9.11M shares traded. JPMorgan Chase & Co. (NYSE:JPM) has risen 33.74% since February 13, 2017 and is uptrending. It has outperformed by 17.04% the S&P500.

Essex Investment Management Co Llc, which manages about $740.27M and $735.81M US Long portfolio, decreased its stake in Svb Finl Group (NASDAQ:SIVB) by 14,519 shares to 15,641 shares, valued at $2.93 million in 2017Q3, according to the filing. It also reduced its holding in United Contl Hldgs Inc (NYSE:UAL) by 11,130 shares in the quarter, leaving it with 16,748 shares, and cut its stake in Alphabet Inc.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.28, from 1.19 in 2017Q2. It turned negative, as 65 investors sold JPM shares while 767 reduced holdings. 125 funds opened positions while 635 raised stakes. 2.50 billion shares or 7.05% less from 2.69 billion shares in 2017Q2 were reported. Parkside Fincl Bancshares reported 11,354 shares stake. 23,332 are held by Court Place Limited. Caisse De Depot Et Placement Du Quebec reported 1.81 million shares stake. Seabridge Limited Liability Company invested in 1.32% or 59,308 shares. Tanaka Capital Management Inc reported 1,994 shares. Stephens Ar has 0.78% invested in JPMorgan Chase & Co. (NYSE:JPM) for 226,022 shares. Delta Mngmt Ltd Llc has invested 3.66% in JPMorgan Chase & Co. (NYSE:JPM). Sfmg Limited Com reported 0.16% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Buckhead Cap Mngmt Ltd Com, a Georgia-based fund reported 112,395 shares. Ccm Advisers Ltd Liability Com reported 1.97% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM). Peddock Cap Advsrs Ltd Co reported 26,239 shares or 1.28% of all its holdings. Moreover, Mai Mngmt has 1.34% invested in JPMorgan Chase & Co. (NYSE:JPM) for 230,704 shares. Rosenblum Silverman Sutton S F Ca holds 0.8% of its portfolio in JPMorgan Chase & Co. (NYSE:JPM) for 22,009 shares. 17,756 are held by Wealthtrust. Ramsay Stattman Vela & Price holds 0.17% or 4,196 shares.

Since August 21, 2017, it had 1 insider buy, and 10 insider sales for $23.24 million activity. 48,344 shares were sold by Petno Douglas B, worth $5.43M on Saturday, January 13. Scher Peter sold $3.01M worth of stock. Shares for $425,399 were sold by Giles Nicole on Saturday, January 13. $1.84M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by BACON ASHLEY on Saturday, January 13. $7.31M worth of JPMorgan Chase & Co. (NYSE:JPM) was sold by Erdoes Mary E.. CROWN JAMES S also bought $825,327 worth of JPMorgan Chase & Co. (NYSE:JPM) shares.

Among 33 analysts covering JPMorgan Chase & Co (NYSE:JPM), 17 have Buy rating, 2 Sell and 14 Hold. Therefore 52% are positive. JPMorgan Chase & Co had 109 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Strong-Buy” rating given on Friday, August 28 by Vetr. CLSA upgraded the stock to “Outperform” rating in Tuesday, August 25 report. Credit Agricole upgraded the shares of JPM in report on Tuesday, August 25 to “Outperform” rating. Robert W. Baird maintained JPMorgan Chase & Co. (NYSE:JPM) on Wednesday, September 20 with “Hold” rating. Robert W. Baird downgraded the shares of JPM in report on Wednesday, November 9 to “Neutral” rating. The rating was maintained by Credit Suisse on Monday, July 17 with “Outperform”. The stock of JPMorgan Chase & Co. (NYSE:JPM) earned “Buy” rating by RBC Capital Markets on Monday, November 13. Nomura maintained the stock with “Neutral” rating in Wednesday, September 7 report. The stock has “Outperform” rating by Wells Fargo on Thursday, August 10. Guggenheim upgraded the shares of JPM in report on Wednesday, April 26 to “Buy” rating.

Strategy Asset Managers Llc, which manages about $565.53 million and $488.10 million US Long portfolio, upped its stake in Caterpillar Inc Del (NYSE:CAT) by 23,585 shares to 26,985 shares, valued at $3.37M in 2017Q3, according to the filing. It also increased its holding in Metlife Inc (NYSE:MET) by 14,746 shares in the quarter, for a total of 52,890 shares, and has risen its stake in Philip Morris Intl Inc (NYSE:PM).

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