Coldstream Capital Management Has Cut Its Stake in Avista (AVA) by $666,417 as Shares Rose; As Progressive Ohio (PGR) Stock Value Rose, Shareholder Van Cleef Asset Managementinc Has Decreased Position

February 15, 2018 - By Linda Rogers

Coldstream Capital Management Inc decreased its stake in Avista Corp (AVA) by 56.55% based on its latest 2017Q3 regulatory filing with the SEC. Coldstream Capital Management Inc sold 13,067 shares as the company’s stock rose 6.10% with the market. The hedge fund held 10,040 shares of the power generation company at the end of 2017Q3, valued at $520,000, down from 23,107 at the end of the previous reported quarter. Coldstream Capital Management Inc who had been investing in Avista Corp for a number of months, seems to be less bullish one the $3.23 billion market cap company. The stock increased 0.32% or $0.16 during the last trading session, reaching $50.11. About 249,255 shares traded. Avista Corporation (NYSE:AVA) has risen 5.40% since February 15, 2017 and is uptrending. It has underperformed by 11.30% the S&P500.

Van Cleef Asset Managementinc decreased its stake in Progressive Corp Ohio (PGR) by 1.38% based on its latest 2017Q3 regulatory filing with the SEC. Van Cleef Asset Managementinc sold 12,965 shares as the company’s stock rose 6.56% with the market. The institutional investor held 929,292 shares of the property-casualty insurers company at the end of 2017Q3, valued at $45.00 million, down from 942,257 at the end of the previous reported quarter. Van Cleef Asset Managementinc who had been investing in Progressive Corp Ohio for a number of months, seems to be less bullish one the $33.03B market cap company. The stock increased 0.85% or $0.48 during the last trading session, reaching $56.78. About 4.20M shares traded or 20.45% up from the average. The Progressive Corporation (NYSE:PGR) has risen 26.23% since February 15, 2017 and is uptrending. It has outperformed by 9.53% the S&P500.

Since December 13, 2017, it had 0 insider buys, and 1 insider sale for $77,370 activity.

Among 5 analysts covering Avista (NYSE:AVA), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Avista had 7 analyst reports since March 18, 2016 according to SRatingsIntel. The stock of Avista Corporation (NYSE:AVA) earned “Hold” rating by BMO Capital Markets on Thursday, July 20. The firm has “Neutral” rating by Mizuho given on Thursday, March 31. On Thursday, February 23 the stock rating was maintained by Williams Capital Group with “Hold”. The company was maintained on Thursday, February 23 by Mizuho. Williams Capital Group maintained it with “Hold” rating and $40 target in Thursday, September 22 report. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, October 18 report. The company was downgraded on Friday, March 18 by UBS.

Coldstream Capital Management Inc, which manages about $1.42 billion and $859.66M US Long portfolio, upped its stake in Honeywell Intl Inc (NYSE:HON) by 2,945 shares to 22,768 shares, valued at $3.23M in 2017Q3, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 17,465 shares in the quarter, for a total of 21,568 shares, and has risen its stake in Facebook Inc (NASDAQ:FB).

Analysts await Avista Corporation (NYSE:AVA) to report earnings on February, 20. They expect $0.54 earnings per share, down 12.90% or $0.08 from last year’s $0.62 per share. AVA’s profit will be $34.79M for 23.20 P/E if the $0.54 EPS becomes a reality. After $0.14 actual earnings per share reported by Avista Corporation for the previous quarter, Wall Street now forecasts 285.71% EPS growth.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.45, from 1.2 in 2017Q2. It worsened, as 50 investors sold AVA shares while 71 reduced holdings. 43 funds opened positions while 48 raised stakes. 46.81 million shares or 5.21% more from 44.49 million shares in 2017Q2 were reported. Envestnet Asset Management holds 0% or 463 shares in its portfolio. 976,897 are held by Deutsche Fincl Bank Ag. Amalgamated Bank & Trust has 8,672 shares. Teacher Retirement Of Texas holds 0% of its portfolio in Avista Corporation (NYSE:AVA) for 5,318 shares. Tompkins Fincl has invested 0% in Avista Corporation (NYSE:AVA). Chatham Capital Grp Inc invested 0.38% in Avista Corporation (NYSE:AVA). Pnc Financial Services holds 0% or 2,545 shares. Prudential Inc reported 108,180 shares. Ubs Asset Mngmt Americas, Illinois-based fund reported 54,084 shares. Indexiq Advisors has invested 0.14% of its portfolio in Avista Corporation (NYSE:AVA). Voya Investment Mngmt Ltd Limited Liability Company accumulated 81,421 shares. Cantab Prtn Llp reported 17,391 shares. Moreover, State Board Of Administration Of Florida Retirement Systems has 0.01% invested in Avista Corporation (NYSE:AVA). Guggenheim Capital Ltd Company has invested 0.04% in Avista Corporation (NYSE:AVA). 55,114 are held by Barclays Pcl.

Investors sentiment decreased to 1.07 in 2017 Q3. Its down 0.12, from 1.19 in 2017Q2. It dived, as 43 investors sold PGR shares while 189 reduced holdings. 63 funds opened positions while 185 raised stakes. 447.86 million shares or 0.41% less from 449.71 million shares in 2017Q2 were reported. Segall Bryant Hamill Limited Liability Co holds 138,057 shares or 0.16% of its portfolio. Sterling Capital Mngmt Ltd Co holds 121,220 shares or 0.06% of its portfolio. Livforsakringsbolaget Skandia Omsesidigt reported 11,028 shares. 7,821 were accumulated by Zwj Invest Counsel. Hanson Mcclain stated it has 600 shares or 0% of all its holdings. 35,743 are held by Gateway Invest Advisers Limited Liability Com. Intrust Bankshares Na reported 0.08% of its portfolio in The Progressive Corporation (NYSE:PGR). Mason Street Advisors Limited Liability has invested 0.1% in The Progressive Corporation (NYSE:PGR). Tower Rech Limited Co (Trc) accumulated 0% or 76 shares. Lateef Inv Mngmt LP invested in 827,453 shares. 2.43M were reported by Millennium Limited Liability. Peak Asset Lc has 6,486 shares for 0.11% of their portfolio. Van Cleef Asset Managementinc owns 929,292 shares for 12.26% of their portfolio. Virginia-based Bb&T Limited Liability Corp has invested 0% in The Progressive Corporation (NYSE:PGR). 143,000 were accumulated by Connor Clark Lunn Inv Mngmt Ltd.

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