As Grupo Financiero Galicia S A (GGAL) Share Price Rose, New Vernon Investment Management Trimmed by $1.14 Million Its Holding; As Adtran (ADTN) Stock Value Declined, Skyline Asset Management LP Raised Its Position

February 22, 2018 - By Dolores Ford

Skyline Asset Management Lp increased its stake in Adtran Inc (ADTN) by 6.83% based on its latest 2017Q3 regulatory filing with the SEC. Skyline Asset Management Lp bought 52,200 shares as the company’s stock declined 9.91% while stock markets rallied. The institutional investor held 816,100 shares of the public utilities company at the end of 2017Q3, valued at $19.59M, up from 763,900 at the end of the previous reported quarter. Skyline Asset Management Lp who had been investing in Adtran Inc for a number of months, seems to be bullish on the $757.15M market cap company. The stock decreased 3.38% or $0.55 during the last trading session, reaching $15.725. About 849,915 shares traded or 59.09% up from the average. ADTRAN, Inc. (NASDAQ:ADTN) has risen 6.95% since February 22, 2017 and is uptrending. It has underperformed by 9.75% the S&P500.

New Vernon Investment Management Llc decreased its stake in Grupo Financiero Galicia S A (GGAL) by 30.01% based on its latest 2017Q3 regulatory filing with the SEC. New Vernon Investment Management Llc sold 22,300 shares as the company’s stock rose 23.69% with the market. The hedge fund held 52,000 shares of the commercial banks company at the end of 2017Q3, valued at $2.68M, down from 74,300 at the end of the previous reported quarter. New Vernon Investment Management Llc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be less bullish one the $10.74 billion market cap company. The stock increased 0.22% or $0.15 during the last trading session, reaching $66.95. About 186,744 shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 63.44% since February 22, 2017 and is uptrending. It has outperformed by 46.74% the S&P500.

Skyline Asset Management Lp, which manages about $1.24B and $1.26B US Long portfolio, decreased its stake in Cross Ctry Healthcare Inc (NASDAQ:CCRN) by 141,200 shares to 1.32 million shares, valued at $18.75 million in 2017Q3, according to the filing. It also reduced its holding in Ensign Group Inc (NASDAQ:ENSG) by 44,900 shares in the quarter, leaving it with 804,800 shares, and cut its stake in Greenhill & Co Inc (NYSE:GHL).

Since October 20, 2017, it had 0 buys, and 2 selling transactions for $1.25 million activity. 48,056 ADTRAN, Inc. (NASDAQ:ADTN) shares with value of $1.04M were sold by Schansman Raymond R.

Investors sentiment increased to 1.52 in 2017 Q3. Its up 0.36, from 1.16 in 2017Q2. It increased, as 11 investors sold ADTN shares while 45 reduced holdings. 35 funds opened positions while 50 raised stakes. 42.82 million shares or 3.18% more from 41.50 million shares in 2017Q2 were reported. Quantitative Invest Management Ltd Liability, Virginia-based fund reported 29,800 shares. D E Shaw Inc invested 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). State Board Of Administration Of Florida Retirement Systems stated it has 0% of its portfolio in ADTRAN, Inc. (NASDAQ:ADTN). Tieton Mgmt Limited Liability holds 5.27% or 255,099 shares in its portfolio. Swiss Bancshares invested in 0% or 80,600 shares. Schwab Charles Inv Mngmt reported 431,680 shares. Comerica Bancshares has invested 0.01% in ADTRAN, Inc. (NASDAQ:ADTN). Qs Ltd Limited Liability Company stated it has 119,952 shares or 0.02% of all its holdings. Invesco reported 312,942 shares. The Delaware-based Dupont Mngmt Corporation has invested 0.04% in ADTRAN, Inc. (NASDAQ:ADTN). Credit Suisse Ag owns 98,008 shares or 0% of their US portfolio. 67,200 were reported by Keybank Association Oh. Prudential Financial Inc reported 434,901 shares or 0.02% of all its holdings. Jennison Ltd Llc holds 0% or 60,194 shares in its portfolio. Employees Retirement Association Of Colorado holds 14,235 shares.

Among 10 analysts covering Adtran Inc. (NASDAQ:ADTN), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Adtran Inc. had 32 analyst reports since September 9, 2015 according to SRatingsIntel. The company was initiated on Wednesday, September 30 by Northland Capital. On Monday, July 3 the stock rating was maintained by Northland Capital with “Buy”. The rating was upgraded by M Partners to “Buy” on Thursday, January 7. The firm has “Buy” rating by Needham given on Wednesday, October 18. The firm earned “Hold” rating on Wednesday, September 9 by Drexel Hamilton. The firm has “Overweight” rating given on Thursday, December 17 by JP Morgan. The company was maintained on Tuesday, September 5 by Northland Capital. Jefferies maintained ADTRAN, Inc. (NASDAQ:ADTN) on Thursday, June 1 with “Hold” rating. Jefferies maintained it with “Hold” rating and $20.5 target in Monday, August 21 report. Stifel Nicolaus upgraded ADTRAN, Inc. (NASDAQ:ADTN) rating on Friday, January 8. Stifel Nicolaus has “Buy” rating and $21.0 target.

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Tuesday, February 9 to “Neutral”. On Tuesday, March 29 the stock rating was initiated by Credit Suisse with “Neutral”. As per Friday, August 7, the company rating was downgraded by Zacks. Credit Suisse upgraded the stock to “Outperform” rating in Friday, October 28 report. The rating was upgraded by Citigroup on Monday, August 22 to “Neutral”.

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