Alliancebernstein LP Raised Allegion Pub LTD Co (ALLE) Position by $65.24 Million

October 13, 2018 - By Peter Erickson

Allegion plc (NYSE:ALLE) LogoInvestors sentiment decreased to 0.83 in Q2 2018. Its down 0.09, from 0.92 in 2018Q1. It dropped, as 51 investors sold ALLE shares while 112 reduced holdings. 39 funds opened positions while 96 raised stakes. 82.42 million shares or 6.66% more from 77.28 million shares in 2018Q1 were reported. 147 are owned by Advisory Svcs Ntwk Ltd Liability Co. Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 2,300 shares. Hall Laurie J Trustee has invested 0.02% in Allegion plc (NYSE:ALLE). Kbc Gp Nv holds 0.05% or 71,621 shares. Commonwealth Financial Bank Of Australia accumulated 875 shares or 0% of the stock. Financial Bank reported 0.01% of its portfolio in Allegion plc (NYSE:ALLE). Stevens Capital LP reported 27,155 shares. 23,174 are owned by Texas Permanent School Fund. Sector Pension Inv Board owns 5,282 shares for 0% of their portfolio. Korea Corp invested in 283,097 shares. Thornburg Inv Mngmt Incorporated has invested 0.01% in Allegion plc (NYSE:ALLE). Bragg Financial Advsrs owns 6,791 shares or 0.07% of their US portfolio. 177 are held by Plante Moran Financial Advsrs Lc. Essex Inv Mgmt Ltd Liability Com accumulated 3,719 shares. 4,378 were accumulated by Citadel Ltd Liability Company.

Alliancebernstein Lp increased its stake in Allegion Pub Ltd Co (ALLE) by 15.24% based on its latest 2018Q2 regulatory filing with the SEC. Alliancebernstein Lp bought 847,273 shares as the company’s stock rose 10.93% with the market. The hedge fund held 6.41 million shares of the diversified commercial services company at the end of 2018Q2, valued at $495.70M, up from 5.56 million at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Allegion Pub Ltd Co for a number of months, seems to be bullish on the $7.96B market cap company. The stock increased 1.22% or $1.01 during the last trading session, reaching $83.77. About 696,439 shares traded or 16.39% up from the average. Allegion plc (NYSE:ALLE) has risen 10.79% since October 13, 2017 and is uptrending. It has underperformed by 4.83% the S&P500.

Alliancebernstein Lp, which manages about $143.68B US Long portfolio, decreased its stake in Mgm Resorts International (NYSE:MGM) by 2.66M shares to 818,270 shares, valued at $23.75M in 2018Q2, according to the filing. It also reduced its holding in Xerox Corp by 552,077 shares in the quarter, leaving it with 6.32 million shares, and cut its stake in Grubhub Inc (NYSE:GRUB).

Another recent and important Allegion plc (NYSE:ALLE) news was published by which published an article titled: “Report: Exploring Fundamental Drivers Behind Cinemark, Spire, New Media Investment Group, Acadia Realty Trust …” on October 05, 2018.

Allegion plc (NYSE:ALLE) Ratings Coverage

Among 4 analysts covering Allegion (NYSE:ALLE), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Allegion had 4 analyst reports since May 2, 2018 according to SRatingsIntel. The company was downgraded on Wednesday, May 2 by Berenberg. The rating was maintained by Wells Fargo with “Outperform” on Tuesday, July 17.

Allegion plc (NYSE:ALLE) Ratings Chart

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