As Gildan Activewear (GIL) Valuation Rose, Holder Swiss National Bank Lowered Position; Atria Investments Has Boosted Holding in Navient (NAVI)

February 19, 2018 - By Clifton Ray

Atria Investments Llc increased its stake in Navient Corporation (NAVI) by 17.16% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments Llc bought 30,221 shares as the company’s stock declined 9.77% while stock markets rallied. The institutional investor held 206,371 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $3.10 million, up from 176,150 at the end of the previous reported quarter. Atria Investments Llc who had been investing in Navient Corporation for a number of months, seems to be bullish on the $3.68B market cap company. The stock increased 1.38% or $0.19 during the last trading session, reaching $13.99. About 1.80M shares traded. Navient Corporation (NASDAQ:NAVI) has risen 12.24% since February 19, 2017 and is uptrending. It has underperformed by 4.46% the S&P500.

Swiss National Bank decreased its stake in Gildan Activewear Inc (GIL) by 2.29% based on its latest 2017Q3 regulatory filing with the SEC. Swiss National Bank sold 20,400 shares as the company’s stock rose 10.95% with the market. The institutional investor held 868,600 shares of the consumer non-durables company at the end of 2017Q3, valued at $27.15M, down from 889,000 at the end of the previous reported quarter. Swiss National Bank who had been investing in Gildan Activewear Inc for a number of months, seems to be less bullish one the $6.66 billion market cap company. The stock decreased 0.58% or $0.18 during the last trading session, reaching $30.85. About 521,081 shares traded or 29.63% up from the average. Gildan Activewear Inc. (NYSE:GIL) has declined 3.41% since February 19, 2017 and is downtrending. It has underperformed by 20.11% the S&P500.

Swiss National Bank, which manages about $87.81 billion US Long portfolio, upped its stake in Alexandria Real Estate Eq In (NYSE:ARE) by 12,000 shares to 335,800 shares, valued at $39.95 million in 2017Q3, according to the filing. It also increased its holding in Mid Amer Apt Cmntys Inc (NYSE:MAA) by 5,200 shares in the quarter, for a total of 526,076 shares, and has risen its stake in Agilent Technologies Inc (NYSE:A).

Analysts await Gildan Activewear Inc. (NYSE:GIL) to report earnings on February, 22. They expect $0.31 EPS, down 3.13% or $0.01 from last year’s $0.32 per share. GIL’s profit will be $66.93 million for 24.88 P/E if the $0.31 EPS becomes a reality. After $0.53 actual EPS reported by Gildan Activewear Inc. for the previous quarter, Wall Street now forecasts -41.51% negative EPS growth.

Among 14 analysts covering Gildan Activewear Inc. (NYSE:GIL), 7 have Buy rating, 0 Sell and 7 Hold. Therefore 50% are positive. Gildan Activewear Inc. had 35 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Friday, December 15 by Stifel Nicolaus. RBC Capital Markets maintained Gildan Activewear Inc. (NYSE:GIL) on Wednesday, February 14 with “Hold” rating. As per Friday, October 20, the company rating was maintained by BMO Capital Markets. On Monday, August 31 the stock rating was downgraded by Zacks to “Hold”. RBC Capital Markets maintained Gildan Activewear Inc. (NYSE:GIL) on Tuesday, September 26 with “Hold” rating. The firm earned “Buy” rating on Monday, June 19 by RBC Capital Markets. The stock of Gildan Activewear Inc. (NYSE:GIL) has “Hold” rating given on Friday, November 3 by RBC Capital Markets. The stock of Gildan Activewear Inc. (NYSE:GIL) earned “Neutral” rating by Macquarie Research on Wednesday, November 1. The firm earned “Buy” rating on Tuesday, August 4 by Desjardins Securities. Credit Suisse upgraded the stock to “Outperform” rating in Friday, October 16 report.

Among 16 analysts covering Navient Corporation (NASDAQ:NAVI), 7 have Buy rating, 2 Sell and 7 Hold. Therefore 44% are positive. Navient Corporation had 37 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Navient Corporation (NASDAQ:NAVI) has “Outperform” rating given on Monday, August 31 by Wood. The company was maintained on Wednesday, May 31 by BMO Capital Markets. The rating was downgraded by JP Morgan to “Neutral” on Tuesday, January 17. Credit Suisse upgraded the stock to “Outperform” rating in Friday, September 8 report. The rating was maintained by Keefe Bruyette & Woods on Friday, July 14 with “Buy”. The firm has “Buy” rating given on Tuesday, June 13 by Keefe Bruyette & Woods. JP Morgan initiated it with “Overweight” rating and $15.0 target in Monday, November 30 report. The firm has “Hold” rating given on Monday, January 8 by Oppenheimer. The firm has “Hold” rating given on Wednesday, August 23 by BMO Capital Markets. Credit Suisse maintained Navient Corporation (NASDAQ:NAVI) rating on Thursday, October 5. Credit Suisse has “Outperform” rating and $16 target.

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