Greylin Investment Mangement Has Boosted International Business Machs (IBM) Position By $769,370; Renaissancere Holdings LTD. (RNR) Shorts Increased By 49.31%

March 22, 2018 - By Hazel Jackson

Greylin Investment Mangement Inc increased International Business Machs (IBM) stake by 2.8% reported in 2017Q3 SEC filing. Greylin Investment Mangement Inc acquired 5,306 shares as International Business Machs (IBM)’s stock declined 15.88%. The Greylin Investment Mangement Inc holds 194,934 shares with $28.28M value, up from 189,628 last quarter. International Business Machs now has $141.52 billion valuation. The stock decreased 1.95% or $3.06 during the last trading session, reaching $153.63. About 2.50 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since March 22, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Renaissancere Holdings LTD. (NYSE:RNR) had an increase of 49.31% in short interest. RNR’s SI was 1.48M shares in March as released by FINRA. Its up 49.31% from 988,500 shares previously. With 517,000 avg volume, 3 days are for Renaissancere Holdings LTD. (NYSE:RNR)’s short sellers to cover RNR’s short positions. The SI to Renaissancere Holdings LTD.’s float is 3.76%. The stock decreased 0.71% or $0.99 during the last trading session, reaching $137.8. About 145,418 shares traded. RenaissanceRe Holdings Ltd. (NYSE:RNR) has risen 20.88% since March 22, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

Since January 31, 2018, it had 1 buying transaction, and 2 insider sales for $2.69 million activity. WADDELL FREDERICK H bought 610 shares worth $99,659. Another trade for 13,000 shares valued at $2.01M was sold by Clementi Erich. The insider Gherson Diane J sold $780,000.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained the stock with “Overweight” rating in Thursday, March 31 report. Standpoint Research upgraded International Business Machines Corporation (NYSE:IBM) rating on Wednesday, July 19. Standpoint Research has “Buy” rating and $17500 target. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, July 19. The firm has “Buy” rating by Morgan Stanley given on Wednesday, August 23. The stock has “Neutral” rating by UBS on Tuesday, July 19. The firm has “Hold” rating given on Wednesday, August 30 by BMO Capital Markets. BMO Capital Markets maintained it with “Market Perform” rating and $170 target in Wednesday, October 18 report. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, July 19. The rating was initiated by Cantor Fitzgerald with “Hold” on Friday, October 16. As per Tuesday, July 19, the company rating was maintained by Citigroup.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.29, from 0.74 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Wealthcare Cap Mgmt Ltd Co accumulated 425 shares. Birmingham Cap Management Al invested in 1.56% or 27,000 shares. Clark Capital Mgmt Grp Inc invested in 0.01% or 2,549 shares. Bancshares Of Stockton has invested 0.21% of its portfolio in International Business Machines Corporation (NYSE:IBM). Jag Capital Limited Co holds 6,968 shares or 0.19% of its portfolio. Steinberg Asset reported 0.11% of its portfolio in International Business Machines Corporation (NYSE:IBM). Motco stated it has 20,132 shares. Camarda Fin Advsrs Ltd Co, Florida-based fund reported 904 shares. Patten Grp holds 0.15% or 140,449 shares. Rockland Trust owns 12,687 shares or 0.28% of their US portfolio. Clear Harbor Asset Management Lc holds 2,796 shares or 0.08% of its portfolio. Hays Advisory Ltd Liability reported 0.07% of its portfolio in International Business Machines Corporation (NYSE:IBM). Godshalk Welsh Cap Mngmt holds 5,350 shares. Atwood And Palmer stated it has 8,724 shares or 0.18% of all its holdings. Chilton Inv Co Ltd Liability holds 0.05% in International Business Machines Corporation (NYSE:IBM) or 9,309 shares.

RenaissanceRe Holdings Ltd. together with its subsidiaries, provides reinsurance and insurance coverages and related services in the United States and internationally. The company has market cap of $5.52 billion. The firm operates through Property, and Casualty and Specialty divisions. It currently has negative earnings. The Property segment writes property catastrophe excess of loss reinsurance contracts to insure insurance and reinsurance companies against natural and man-made catastrophes, such as earthquakes, hurricanes, and tsunamis, as well as claims arising from other natural and man-made catastrophes comprising winter storms, freezes, floods, fires, windstorms, tornadoes, explosions, and acts of terrorism; and other property class of products, including proportional reinsurance, property per risk, property reinsurance, and binding facilities and regional U.S. multi-line reinsurance.

Since October 2, 2017, it had 0 buys, and 1 insider sale for $674,444 activity. ODonnell Kevin sold 5,000 shares worth $674,444.

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