Granite Construction (GVA) Reaches $56.58 After 8.00% Down Move; Tegean Capital Management Has Upped By $2.96 Million Its Assured Guaranty LTD (AGO) Stake

February 14, 2018 - By Ellis Scott

Tegean Capital Management Llc increased Assured Guaranty Ltd (AGO) stake by 25% reported in 2017Q3 SEC filing. Tegean Capital Management Llc acquired 80,000 shares as Assured Guaranty Ltd (AGO)’s stock declined 5.68%. The Tegean Capital Management Llc holds 400,000 shares with $15.10M value, up from 320,000 last quarter. Assured Guaranty Ltd now has $4.25B valuation. The stock increased 2.90% or $1.02 during the last trading session, reaching $36.16. About 363,068 shares traded. Assured Guaranty Ltd. (NYSE:AGO) has risen 51.57% since February 14, 2017 and is uptrending. It has outperformed by 34.87% the S&P500.

The stock of Granite Construction Incorporated (NYSE:GVA) is a huge mover today! The stock decreased 5.83% or $3.5 during the last trading session, reaching $56.58. About 485,256 shares traded or 116.27% up from the average. Granite Construction Incorporated (NYSE:GVA) has risen 16.24% since February 14, 2017 and is uptrending. It has underperformed by 0.46% the S&P500.The move comes after 8 months negative chart setup for the $2.26 billion company. It was reported on Feb, 14 by Barchart.com. We have $52.05 PT which if reached, will make NYSE:GVA worth $180.40 million less.

Since September 28, 2017, it had 0 insider purchases, and 1 insider sale for $38 activity. Shares for $38 were sold by FREDERICO DOMINIC.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.28, from 0.82 in 2017Q2. It is positive, as 25 investors sold AGO shares while 93 reduced holdings. 44 funds opened positions while 86 raised stakes. 110.68 million shares or 2.19% less from 113.16 million shares in 2017Q2 were reported. D E Shaw invested 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Moreover, Denali Advsr Ltd Liability Corp has 2.39% invested in Assured Guaranty Ltd. (NYSE:AGO) for 382,100 shares. Barclays Public Limited Company holds 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 178,890 shares. Ngam Advsrs Limited Partnership accumulated 20,089 shares or 0.01% of the stock. Kepos LP has invested 0.05% in Assured Guaranty Ltd. (NYSE:AGO). 6,539 are owned by Advsr Asset Mngmt Inc. Proshare Advsrs has invested 0.01% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Ajo Ltd Partnership has invested 0.64% in Assured Guaranty Ltd. (NYSE:AGO). Utah Retirement holds 0.02% in Assured Guaranty Ltd. (NYSE:AGO) or 21,516 shares. Moreover, Cipher Lp has 0.06% invested in Assured Guaranty Ltd. (NYSE:AGO) for 21,106 shares. Ubs Asset Management Americas Inc stated it has 0.02% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO). Seizert Capital Prtn Limited Liability Com holds 1.53M shares. Tiaa Cref Inv Management Ltd Company owns 340,128 shares. Voya Management owns 34,701 shares for 0% of their portfolio. Lsv Asset Mngmt owns 1.08M shares.

Among 6 analysts covering Assured Guaranty (NYSE:AGO), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Assured Guaranty had 12 analyst reports since August 12, 2015 according to SRatingsIntel. Macquarie Research maintained Assured Guaranty Ltd. (NYSE:AGO) rating on Monday, November 9. Macquarie Research has “Outperform” rating and $33 target. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Tuesday, November 10 by UBS. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Wednesday, August 12 by Zacks. The stock has “Mkt Perform” rating by Keefe Bruyette & Woods on Tuesday, February 28. BTIG Research maintained Assured Guaranty Ltd. (NYSE:AGO) on Friday, May 26 with “Buy” rating. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Buy” rating given on Monday, February 5 by BTIG Research. The rating was maintained by M Partners with “Buy” on Monday, November 16. UBS maintained the stock with “Buy” rating in Wednesday, October 4 report. The rating was initiated by Keefe Bruyette & Woods with “Buy” on Wednesday, December 20. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, June 9 report.

Since September 1, 2017, it had 0 insider buys, and 2 sales for $301,695 activity. 4,000 shares valued at $222,000 were sold by Richards James D. on Friday, September 1. Bjork Claes also sold $79,695 worth of Granite Construction Incorporated (NYSE:GVA) on Wednesday, December 13.

Granite Construction Incorporated operates as a heavy civil contractor and a construction materials producer in the United States. The company has market cap of $2.26 billion. The firm operates through three divisions: Construction, Large Project Construction, and Construction Materials. It has a 43.52 P/E ratio. The Construction segment undertakes various construction projects focusing on new construction and improvement of streets, roads, highways, bridges, site work, underground, power-related facilities, utilities, and other infrastructure projects.

Analysts await Granite Construction Incorporated (NYSE:GVA) to report earnings on February, 16. They expect $0.73 earnings per share, up 82.50% or $0.33 from last year’s $0.4 per share. GVA’s profit will be $29.09 million for 19.38 P/E if the $0.73 EPS becomes a reality. After $1.14 actual earnings per share reported by Granite Construction Incorporated for the previous quarter, Wall Street now forecasts -35.96% negative EPS growth.

Among 8 analysts covering Granite Constr (NYSE:GVA), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Granite Constr had 21 analyst reports since November 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by M Partners given on Wednesday, June 29. The firm earned “Outperform” rating on Tuesday, August 2 by FBR Capital. The stock of Granite Construction Incorporated (NYSE:GVA) earned “Outperform” rating by Cowen & Co on Wednesday, December 2. On Tuesday, September 19 the stock rating was maintained by Cowen & Co with “Buy”. The firm has “Outperform” rating given on Friday, December 11 by FBR Capital. The firm earned “Buy” rating on Thursday, January 18 by Cowen & Co. The firm has “Buy” rating by Cowen & Co given on Thursday, October 26. On Monday, April 3 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of Granite Construction Incorporated (NYSE:GVA) earned “Outperform” rating by Cowen & Co on Thursday, April 14. The company was maintained on Wednesday, May 3 by FBR Capital.

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