B2gold (BTG) Position Held by Impala Asset Management Llc; Cubic Asset Management Position in Associated Banc (ASB) Increased by $337,500 as Market Value Declined

May 26, 2018 - By Ellis Scott

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Cubic Asset Management Llc increased its stake in Associated Banc (ASB) by 81.77% based on its latest 2017Q4 regulatory filing with the SEC. Cubic Asset Management Llc bought 13,500 shares as the company’s stock declined 5.19% with the market. The institutional investor held 30,010 shares of the major banks company at the end of 2017Q4, valued at $762,000, up from 16,510 at the end of the previous reported quarter. Cubic Asset Management Llc who had been investing in Associated Banc for a number of months, seems to be bullish on the $4.72B market cap company. It closed at $27.65 lastly. It is down 5.34% since May 26, 2017 and is uptrending. It has underperformed by 6.21% the S&P500.

Robert Bishop increased its stake in B2gold Corp (BTG) by 237.04% based on its latest 2017Q4 regulatory filing with the SEC. Impala Asset Management Llc bought 4.11M shares as the company’s stock declined 6.46% with the market. The hedge fund run by Robert Bishop held 5.84 million shares of the precious metals company at the end of 2017Q4, valued at $18.08M, up from 1.73 million at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in B2gold Corp for a number of months, seems to be bullish on the $2.60B market cap company. The stock decreased 2.21% or $0.06 during the last trading session, reaching $2.66. About 2.66M shares traded. B2Gold Corp. (NYSEMKT:BTG) has declined 7.41% since May 26, 2017 and is downtrending. It has underperformed by 18.96% the S&P500.

Cubic Asset Management Llc, which manages about $573.99 million and $358.91M US Long portfolio, decreased its stake in Unitedhealth Group Inc (NYSE:UNH) by 7,431 shares to 27,520 shares, valued at $6.07M in 2017Q4, according to the filing. It also reduced its holding in Lear Corporation (NYSE:LEA) by 6,813 shares in the quarter, leaving it with 8,533 shares, and cut its stake in Cars.Com Inc.

More news for Associated Banc-Corp (NYSE:ASB) were recently published by: Seekingalpha.com, which released: “Buy the dip in banks – Morgan Stanley” on April 30, 2018. Globenewswire.com‘s article titled: “Report: Developing Opportunities within AG Mortgage Investment Trust, Associated Banc-Corp, Reata Pharmaceuticals …” and published on May 18, 2018 is yet another important article.

Among 16 analysts covering Associated Banc (NYSE:ASB), 3 have Buy rating, 1 Sell and 12 Hold. Therefore 19% are positive. Associated Banc had 48 analyst reports since October 9, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained Associated Banc-Corp (NYSE:ASB) rating on Tuesday, October 3. Keefe Bruyette & Woods has “Hold” rating and $25.0 target. The company was maintained on Thursday, December 21 by Keefe Bruyette & Woods. Keefe Bruyette & Woods maintained the shares of ASB in report on Monday, August 21 with “Hold” rating. The firm has “Equal-Weight” rating given on Monday, October 23 by Barclays Capital. Jefferies maintained Associated Banc-Corp (NYSE:ASB) rating on Tuesday, October 10. Jefferies has “Hold” rating and $28.0 target. The stock of Associated Banc-Corp (NYSE:ASB) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, January 31. The company was upgraded on Wednesday, January 13 by Deutsche Bank. Jefferies downgraded Associated Banc-Corp (NYSE:ASB) on Monday, November 28 to “Hold” rating. DA Davidson upgraded the stock to “Neutral” rating in Wednesday, September 6 report. The firm has “Hold” rating given on Wednesday, April 25 by Jefferies.

Investors sentiment increased to 1.34 in 2017 Q4. Its up 0.22, from 1.12 in 2017Q3. It increased, as 20 investors sold ASB shares while 63 reduced holdings. 36 funds opened positions while 75 raised stakes. 117.28 million shares or 2.35% more from 114.59 million shares in 2017Q3 were reported. Winch Advisory Ltd Llc holds 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 585 shares. Savant Lc holds 0.04% of its portfolio in Associated Banc-Corp (NYSE:ASB) for 7,936 shares. Dimensional Fund Advsrs Limited Partnership owns 10.76M shares. Interest Grp owns 312,777 shares for 0.03% of their portfolio. Seaward Ltd Partnership has 0.1% invested in Associated Banc-Corp (NYSE:ASB). Sei Com has invested 0% in Associated Banc-Corp (NYSE:ASB). Wealthtrust Axiom Limited Com holds 0.08% or 9,000 shares in its portfolio. Macquarie stated it has 0% of its portfolio in Associated Banc-Corp (NYSE:ASB). Heartland Advsrs stated it has 322,056 shares. Pinebridge Investments Limited Partnership owns 48,325 shares. Us National Bank & Trust De invested 0.01% of its portfolio in Associated Banc-Corp (NYSE:ASB). First Citizens Bankshares holds 10,882 shares. Great West Life Assurance Com Can invested in 92,027 shares or 0.01% of the stock. Invesco Ltd holds 0% or 206,705 shares. 1.29M were accumulated by Geode Management Llc.

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