Owl Creek Asset Management LP Lifted Cit Group (CIT) Position by $3.59 Million; Share Price Rose; As Intel (INTC) Stock Value Rose, Shareholder Voya Investment Management Has Raised Its Stake

April 18, 2018 - By Vivian Park

Intel Corporation (NASDAQ:INTC) Logo

Jeffrey Altman increased its stake in Cit Group Inc (CIT) by 3% based on its latest 2017Q4 regulatory filing with the SEC. Owl Creek Asset Management Lp bought 73,200 shares as the company’s stock rose 2.13% while stock markets declined. The hedge fund run by Jeffrey Altman held 2.51 million shares of the consumer services company at the end of 2017Q4, valued at $123.80 million, up from 2.44M at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Cit Group Inc for a number of months, seems to be bullish on the $6.74 billion market cap company. The stock increased 0.41% or $0.215 during the last trading session, reaching $52.165. About 11,689 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 18, 2017 and is uptrending. It has outperformed by 13.47% the S&P500.

Voya Investment Management Llc increased its stake in Intel Corp (INTC) by 57.62% based on its latest 2017Q4 regulatory filing with the SEC. Voya Investment Management Llc bought 1.43M shares as the company’s stock rose 9.61% while stock markets declined. The institutional investor held 3.92M shares of the semiconductors company at the end of 2017Q4, valued at $181.02 million, up from 2.49 million at the end of the previous reported quarter. Voya Investment Management Llc who had been investing in Intel Corp for a number of months, seems to be bullish on the $250.57B market cap company. The stock increased 0.04% or $0.019 during the last trading session, reaching $53.559. About 934,235 shares traded. Intel Corporation (NASDAQ:INTC) has risen 44.65% since April 18, 2017 and is uptrending. It has outperformed by 33.10% the S&P500.

Voya Investment Management Llc, which manages about $84.40 billion and $48.11B US Long portfolio, decreased its stake in Welltower Inc by 7,823 shares to 192,558 shares, valued at $12.28 million in 2017Q4, according to the filing. It also reduced its holding in Abiomed Inc (NASDAQ:ABMD) by 34,094 shares in the quarter, leaving it with 19,305 shares, and cut its stake in Sempra Energy (NYSE:SRE).

Among 55 analysts covering Intel Corporation (NASDAQ:INTC), 36 have Buy rating, 4 Sell and 15 Hold. Therefore 65% are positive. Intel Corporation had 241 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by Mizuho on Monday, September 19 with “Buy”. The stock of Intel Corporation (NASDAQ:INTC) earned “Sell” rating by Jefferies on Tuesday, October 3. The firm has “Buy” rating given on Friday, November 20 by UBS. The firm earned “Neutral” rating on Monday, October 26 by Tigress Financial. As per Friday, January 26, the company rating was maintained by Deutsche Bank. Evercore upgraded the stock to “Buy” rating in Tuesday, September 6 report. The firm has “Hold” rating given on Friday, February 10 by Canaccord Genuity. Jefferies maintained Intel Corporation (NASDAQ:INTC) on Wednesday, October 14 with “Buy” rating. The firm earned “Sell” rating on Wednesday, July 12 by Bernstein. The rating was maintained by Needham with “Buy” on Friday, January 27.

Since October 23, 2017, it had 0 insider buys, and 18 sales for $32.56 million activity. 1,311 shares were sold by Shenoy Navin, worth $61,774 on Tuesday, January 30. $66,959 worth of stock was sold by RENDUCHINTALA VENKATA S M on Wednesday, February 7. Bryant Diane M had sold 1,639 shares worth $67,048. $31,943 worth of Intel Corporation (NASDAQ:INTC) was sold by McBride Kevin Thomas. $3.99M worth of Intel Corporation (NASDAQ:INTC) was sold by BRYANT ANDY D. Another trade for 30,000 shares valued at $1.35 million was sold by YOFFIE DAVID B.

Investors sentiment decreased to 1.02 in 2017 Q4. Its down 0.01, from 1.03 in 2017Q3. It is negative, as 60 investors sold INTC shares while 703 reduced holdings. 177 funds opened positions while 601 raised stakes. 3.06 billion shares or 0.43% more from 3.05 billion shares in 2017Q3 were reported. Duff And Phelps Invest Mngmt invested 0.03% of its portfolio in Intel Corporation (NASDAQ:INTC). Reynders Mcveigh Cap Management Ltd Liability accumulated 0.64% or 106,476 shares. Bahl Gaynor has invested 0.5% in Intel Corporation (NASDAQ:INTC). Sns Fincl Group Ltd Com accumulated 70,178 shares or 0.78% of the stock. Camelot Portfolios Limited Com invested 0.12% in Intel Corporation (NASDAQ:INTC). State Of Tennessee Treasury Department reported 0.58% stake. Boyer And Corporon Wealth Ltd Liability Company holds 1.71% of its portfolio in Intel Corporation (NASDAQ:INTC) for 90,465 shares. State Of Wisconsin Board owns 6.30 million shares or 0.8% of their US portfolio. Primecap Mgmt Co Ca stated it has 19.76 million shares. Profund Advisors Limited Liability Company owns 1.41M shares. Valley National Advisers invested in 0.3% or 18,589 shares. Vista Capital holds 0.27% of its portfolio in Intel Corporation (NASDAQ:INTC) for 25,462 shares. New York-based Tower Rech Capital Ltd Co (Trc) has invested 0.34% in Intel Corporation (NASDAQ:INTC). Fincl Prtn Cap Management Ltd Liability Com has 1.35% invested in Intel Corporation (NASDAQ:INTC). Morgens Waterfall Vintiadis And has 8,329 shares.

Among 20 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. CIT Group had 66 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21. The company was upgraded on Wednesday, April 26 by Bank of America. The company was maintained on Friday, August 11 by Oppenheimer. The firm has “Hold” rating by Keefe Bruyette & Woods given on Sunday, February 4. The stock of CIT Group Inc. (NYSE:CIT) has “Hold” rating given on Tuesday, March 27 by UBS. The firm has “Hold” rating by Credit Suisse given on Thursday, June 29. The firm has “Neutral” rating by Goldman Sachs given on Friday, August 14. Bank of America upgraded CIT Group Inc. (NYSE:CIT) on Tuesday, October 11 to “Neutral” rating. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, October 25. Wells Fargo initiated CIT Group Inc. (NYSE:CIT) rating on Friday, December 1. Wells Fargo has “Hold” rating and $52.0 target.

Owl Creek Asset Management Lp, which manages about $6.06 billion and $4.10 billion US Long portfolio, decreased its stake in Herbalife Ltd (Prn) by 95.13 million shares to 34.33M shares, valued at $34.82M in 2017Q4, according to the filing. It also reduced its holding in Servicemaster Global Hldgs I (NYSE:SERV) by 1.16M shares in the quarter, leaving it with 854,537 shares, and cut its stake in Adient Plc.

Since March 1, 2018, it had 0 insider purchases, and 1 insider sale for $107,268 activity.

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.11, from 1.01 in 2017Q3. It dived, as 31 investors sold CIT shares while 97 reduced holdings. 41 funds opened positions while 74 raised stakes. 129.34 million shares or 3.85% less from 134.52 million shares in 2017Q3 were reported. Laurion Management Ltd Partnership reported 74,614 shares. Regions has 0% invested in CIT Group Inc. (NYSE:CIT) for 1,271 shares. Proshare Advsrs Limited holds 0.01% or 19,390 shares in its portfolio. Wealthtrust reported 174 shares. Kemper Corporation accumulated 7,026 shares. Utd Automobile Association reported 0% stake. Pl Cap Advsrs Ltd Liability invested in 1.3% or 100,000 shares. Redwood Management Ltd Liability Company holds 0.64% or 156,446 shares in its portfolio. Cutler Capital Mgmt Lc owns 13,800 shares for 0.27% of their portfolio. Fifth Third Comml Bank holds 0% or 2,602 shares. Amundi Pioneer Asset holds 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT) for 175,513 shares. Macquarie Grp Inc Limited holds 0.01% or 69,600 shares. Dnb Asset Mngmt As holds 10,935 shares or 0.01% of its portfolio. Clinton Group owns 0.03% invested in CIT Group Inc. (NYSE:CIT) for 6,092 shares. State Street Corporation has invested 0.03% in CIT Group Inc. (NYSE:CIT).

CIT Group Inc. (NYSE:CIT) Institutional Positions Chart

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