Tudor Investment Et Al Has Cut Spirit Aerosystems Hold (SPR) Holding by $1.79 Million; Stock Value Declined; Bank Of America (BAC) Valuation Declined While Kahn Brothers Group Trimmed Its Stake

February 23, 2018 - By Dolores Ford

Paul Tudor Jones decreased its stake in Spirit Aerosystems Hold (SPR) by 66.13% based on its latest 2017Q3 regulatory filing with the SEC. Tudor Investment Corp Et Al sold 23,286 shares as the company’s stock declined 8.19% while stock markets rallied. The hedge fund run by Paul Tudor Jones held 11,926 shares of the capital goods company at the end of 2017Q3, valued at $927,000, down from 35,212 at the end of the previous reported quarter. Tudor Investment Corp Et Al who had been investing in Spirit Aerosystems Hold for a number of months, seems to be less bullish one the $10.45 billion market cap company. The stock decreased 0.80% or $0.74 during the last trading session, reaching $91.29. About 715,237 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 15.24% since February 23, 2017 and is uptrending. It has underperformed by 1.46% the S&P500.

Irving Kahn decreased its stake in Bank Of America (BAC) by 26.55% based on its latest 2017Q3 regulatory filing with the SEC. Kahn Brothers Group Inc sold 7,334 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Irving Kahn held 20,290 shares of the major banks company at the end of 2017Q3, valued at $514.15 million, down from 27,624 at the end of the previous reported quarter. Kahn Brothers Group Inc who had been investing in Bank Of America for a number of months, seems to be less bullish one the $326.01 billion market cap company. The stock decreased 0.56% or $0.18 during the last trading session, reaching $31.69. About 64.75 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 23, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dropped, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Hall Laurie J Trustee reported 0.2% in Bank of America Corporation (NYSE:BAC). Aspen Investment has invested 0.61% in Bank of America Corporation (NYSE:BAC). Edge Wealth Ltd Liability Company, a New York-based fund reported 360,654 shares. Shelton Capital Mngmt reported 361,978 shares or 0.71% of all its holdings. Regent Investment Ltd, Kentucky-based fund reported 99,392 shares. Washington Capital Management holds 141,715 shares. Cohen Steers reported 0.09% in Bank of America Corporation (NYSE:BAC). Baystate Wealth Mngmt Limited Liability accumulated 13,764 shares. Crystal Rock Cap holds 3.42% of its portfolio in Bank of America Corporation (NYSE:BAC) for 202,400 shares. Sonata Grp Inc Inc has 0.16% invested in Bank of America Corporation (NYSE:BAC) for 8,598 shares. Gateway Advisory Ltd Co, New Jersey-based fund reported 10,163 shares. State Of Alaska Department Of Revenue reported 62,659 shares. Argi Invest Serv Ltd Com has invested 0.04% in Bank of America Corporation (NYSE:BAC). Ledyard Financial Bank stated it has 24,509 shares or 0.08% of all its holdings. Beach Invest Mngmt holds 54,620 shares or 2.41% of its portfolio.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. Oppenheimer maintained the shares of BAC in report on Tuesday, July 18 with “Buy” rating. UBS downgraded it to “Neutral” rating and $23 target in Wednesday, January 11 report. RBC Capital Markets maintained the shares of BAC in report on Wednesday, April 5 with “Buy” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wells Fargo on Thursday, September 10. Keefe Bruyette & Woods maintained Bank of America Corporation (NYSE:BAC) on Sunday, August 13 with “Buy” rating. On Tuesday, July 18 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Buy” rating given on Wednesday, January 20 by Sandler O’Neill. The firm has “Hold” rating given on Tuesday, November 8 by Deutsche Bank. The stock has “Buy” rating by Nomura on Tuesday, July 18. BMO Capital Markets maintained the shares of BAC in report on Friday, October 13 with “Hold” rating.

Kahn Brothers Group Inc, which manages about $654.54B US Long portfolio, upped its stake in Voxx International (NASDAQ:VOXX) by 1.34M shares to 3.65M shares, valued at $31.22B in 2017Q3, according to the filing. It also increased its holding in Assured Guaranty (NYSE:AGO) by 124,130 shares in the quarter, for a total of 900,835 shares, and has risen its stake in Idt Corp Cl B.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on April, 17. They expect $0.59 EPS, up 43.90% or $0.18 from last year’s $0.41 per share. BAC’s profit will be $6.07B for 13.43 P/E if the $0.59 EPS becomes a reality. After $0.47 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 25.53% EPS growth.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on May, 2. They expect $1.38 earnings per share, up 17.95% or $0.21 from last year’s $1.17 per share. SPR’s profit will be $158.00M for 16.54 P/E if the $1.38 EPS becomes a reality. After $1.32 actual earnings per share reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 4.55% EPS growth.

Investors sentiment increased to 1.09 in Q3 2017. Its up 0.21, from 0.88 in 2017Q2. It improved, as 24 investors sold SPR shares while 116 reduced holdings. 70 funds opened positions while 82 raised stakes. 109.62 million shares or 4.49% less from 114.77 million shares in 2017Q2 were reported. 44,527 are held by Robeco Institutional Asset Bv. Bancorporation Of Montreal Can owns 2.09 million shares or 0.15% of their US portfolio. Hsbc Holdg Public Limited Company, United Kingdom-based fund reported 177,594 shares. Tiaa Cref Inv Mngmt Limited Liability Co reported 1.09 million shares. Ny State Teachers Retirement Systems reported 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). New York-based Darsana Cap Prns LP has invested 18.02% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Reinhart has 1.81% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 220,355 shares. Zurcher Kantonalbank (Zurich Cantonalbank) accumulated 4,736 shares or 0% of the stock. Bnp Paribas Asset Hldg has 0.05% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Ahl Prns Llp has invested 0.28% in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). Chicago Equity Ptnrs Limited Co owns 208,600 shares. Fiduciary owns 0.01% invested in Spirit AeroSystems Holdings, Inc. (NYSE:SPR) for 4,877 shares. Metropolitan Life Ins Com reported 0% of its portfolio in Spirit AeroSystems Holdings, Inc. (NYSE:SPR). 6,979 were reported by Fdx. Lord Abbett & Company reported 104,200 shares.

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