Independence Trust Co Has Lifted Its Suntrust Bks (STI) Stake by $1.72 Million as Stock Value Rose; As Mimedx Group (MDXG) Stock Declined, Holder Argent Capital Management Trimmed by $3.30 Million Its Stake

May 22, 2018 - By Vivian Park

SunTrust Banks, Inc. (NYSE:STI) Logo

Independence Trust Co increased its stake in Suntrust Bks Inc (STI) by 593.18% based on its latest 2017Q4 regulatory filing with the SEC. Independence Trust Co bought 26,859 shares as the company’s stock rose 1.41% while stock markets declined. The institutional investor held 31,387 shares of the finance company at the end of 2017Q4, valued at $2.03M, up from 4,528 at the end of the previous reported quarter. Independence Trust Co who had been investing in Suntrust Bks Inc for a number of months, seems to be bullish on the $32.46 billion market cap company. The stock increased 1.59% or $1.09 during the last trading session, reaching $69.84. About 1.83M shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 22.73% since May 22, 2017 and is uptrending. It has outperformed by 11.18% the S&P500.

Argent Capital Management Llc decreased its stake in Mimedx Group Inc. (MDXG) by 81.03% based on its latest 2017Q4 regulatory filing with the SEC. Argent Capital Management Llc sold 206,462 shares as the company’s stock declined 48.47% with the market. The institutional investor held 48,348 shares of the health care company at the end of 2017Q4, valued at $810,000, down from 254,810 at the end of the previous reported quarter. Argent Capital Management Llc who had been investing in Mimedx Group Inc. for a number of months, seems to be less bullish one the $896.05M market cap company. The stock increased 10.25% or $0.75 during the last trading session, reaching $8.07. About 3.78 million shares traded or 22.71% up from the average. MiMedx Group, Inc. (NASDAQ:MDXG) has declined 27.63% since May 22, 2017 and is downtrending. It has underperformed by 39.18% the S&P500.

Since January 23, 2018, it had 2 insider purchases, and 5 selling transactions for $1.53 million activity. On Wednesday, May 16 the insider SCRUGGS FRANK P JR bought $69,010. 6,000 shares were bought by VOORHEES STEVEN C, worth $395,760 on Friday, May 4. Chancy Mark A had sold 7,500 shares worth $525,975. Lienhard Jerome T had sold 29,248 shares worth $507,911. The insider Johnson Susan S sold 3,600 shares worth $255,737.

Among 35 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 19 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 118 analyst reports since July 20, 2015 according to SRatingsIntel. Wells Fargo maintained SunTrust Banks, Inc. (NYSE:STI) on Thursday, August 10 with “Outperform” rating. The firm earned “Outperform” rating on Monday, May 1 by Wedbush. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Buy” rating by Piper Jaffray on Monday, October 2. The firm earned “Hold” rating on Tuesday, January 2 by Barclays Capital. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Overweight” rating by Morgan Stanley on Monday, January 8. The firm has “Buy” rating by Jefferies given on Thursday, June 8. The stock has “Neutral” rating by Sterne Agee CRT on Thursday, August 20. BMO Capital Markets maintained SunTrust Banks, Inc. (NYSE:STI) rating on Friday, April 20. BMO Capital Markets has “Hold” rating and $7700 target. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Market Perform” rating by Bernstein on Tuesday, August 16. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Hold” rating by BMO Capital Markets on Wednesday, June 28.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.18, from 0.91 in 2017Q3. It improved, as 38 investors sold STI shares while 239 reduced holdings. 100 funds opened positions while 202 raised stakes. 381.57 million shares or 1.65% more from 375.36 million shares in 2017Q3 were reported. 6,640 are owned by Segall Bryant And Hamill Ltd. Nuwave Inv Management Ltd Liability owns 12,596 shares. Union National Bank, a Virginia-based fund reported 6,091 shares. Century invested 0.45% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Ny State Common Retirement Fund, a New York-based fund reported 1.29M shares. James Research owns 72 shares for 0% of their portfolio. Moreover, Sequoia Ltd Liability Corp has 0.02% invested in SunTrust Banks, Inc. (NYSE:STI). Raymond James Trust Na, Florida-based fund reported 24,957 shares. Harvey Mngmt invested in 0.31% or 13,090 shares. Payden & Rygel accumulated 1.32% or 235,000 shares. Whalerock Point Ptnrs Limited Liability Com owns 14,675 shares or 0.3% of their US portfolio. Quantbot LP owns 44,595 shares. 5,306 were reported by Usca Ria Limited Liability Com. Kanawha Cap Management Ltd Liability Co stated it has 7,773 shares or 0.07% of all its holdings. Optimum owns 20,341 shares.

Another recent and important SunTrust Banks, Inc. (NYSE:STI) news was published by Bizjournals.com which published an article titled: “Growth plans: Both big and small banks set to expand locally” on April 26, 2018.

Argent Capital Management Llc, which manages about $2.51B and $2.90 billion US Long portfolio, upped its stake in Universal Forest Products Inc (NASDAQ:UFPI) by 12,920 shares to 17,240 shares, valued at $644,000 in 2017Q4, according to the filing. It also increased its holding in Triton International Limited O by 21,890 shares in the quarter, for a total of 105,510 shares, and has risen its stake in Mastercard Inc. (NYSE:MA).

More important recent MiMedx Group, Inc. (NASDAQ:MDXG) news were published by: Seekingalpha.com which released: “MiMedx comments on indictment of former speakers” on May 10, 2018, also Seekingalpha.com published article titled: “MiMedx down 11% on indictments of former speakers”, Streetinsider.com published: “MiMedx Group (MDXG) Receives NASDAQ Notice of Late Form 10-Q Filing” on May 18, 2018. More interesting news about MiMedx Group, Inc. (NASDAQ:MDXG) was released by: Seekingalpha.com and their article: “The Market Is Rightfully Nervous Over MiMedx’s Latest Bad News” with publication date: May 14, 2018.

MiMedx Group, Inc. (NASDAQ:MDXG) Institutional Positions Chart

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Posts

>