As Ally Finl (ALLY) Share Value Declined, Shareholder Canyon Capital Advisors Decreased Its Position; Entergy (ETR) Holder Crow Point Partners Has Boosted Holding

June 18, 2018 - By Henry Gaston

Ally Financial Inc. (NYSE:ALLY) Logo

Crow Point Partners Llc increased its stake in Entergy Corp (ETR) by 29.7% based on its latest 2018Q1 regulatory filing with the SEC. Crow Point Partners Llc bought 30,000 shares as the company’s stock rose 3.61% while stock markets declined. The institutional investor held 131,000 shares of the central company at the end of 2018Q1, valued at $10.32M, up from 101,000 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in Entergy Corp for a number of months, seems to be bullish on the $14.27 billion market cap company. The stock increased 0.90% or $0.705 during the last trading session, reaching $78.915. About 330,523 shares traded. Entergy Corporation (NYSE:ETR) has risen 2.40% since June 18, 2017 and is uptrending. It has underperformed by 10.17% the S&P500. Some Historical ETR News: 10/04/2018 – ENTERGY CORP ETR.N : JP MORGAN RAISES TARGET PRICE TO $81 FROM $78; 07/05/2018 – CORRECT: ENTERGY’S ARKANSAS NUCLEAR 1 STILL IN OUTAGE: NRC; 03/05/2018 – S&P REVISES ENTERGY LOUISIANA LLC OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘BBB+’; 07/03/2018 – ENTERGY RESTARTS RIVER BEND NUCLEAR REACTOR IN LOUISIANA: NRC; 30/05/2018 – Entergy Closes Above 200-Day Moving Average: Technicals; 16/05/2018 – ENTERGY RAISES PILGRIM 1 REACTOR TO 98% POWER FROM 50%: NRC; 18/04/2018 – ENTERGY’S PILGRIM 1 REACTOR RAISED TO 1% POWER FROM 0%: NRC; 25/04/2018 – Entergy Sees $2.55/Shr Decrease to FY18 EPS Related to Decisions to Sell or Close Merchant Nuclear Plants; 06/03/2018 – ENTERGY’S PILGRIM 1 REACTOR IN MASSACHUSETTS SHUT ON WATER LEAK; 25/04/2018 – ENTERGY 1Q OPER EPS $1.16, EST. $1.28

Joshua Friedman decreased its stake in Ally Finl Inc (ALLY) by 31.78% based on its latest 2018Q1 regulatory filing with the SEC. Canyon Capital Advisors Llc sold 1.79 million shares as the company’s stock declined 4.44% with the market. The hedge fund run by Joshua Friedman held 3.85M shares of the consumer services company at the end of 2018Q1, valued at $104.59M, down from 5.65M at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $11.39 billion market cap company. The stock increased 0.27% or $0.07 during the last trading session, reaching $26.48. About 468,688 shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 40.71% since June 18, 2017 and is uptrending. It has outperformed by 28.14% the S&P500. Some Historical ALLY News: 19/04/2018 – Ally Financial Inc Names Doug Timmerman Pres of Auto Finance; 26/04/2018 – Ally Financial 1Q EPS 57c; 26/04/2018 – Ally Financial 1Q Return on Equity 7.5%; 04/04/2018 – Ally Helps Consumers Hit a Home Loan Grand Slam with New Baseball-themed Mortgage Playbook, Available for First Time as Free Audio Download; 26/04/2018 – ALLY FINANCIAL 1Q ADJ EPS 68C, EST. 66C; 19/04/2018 – ALLY FINANCIAL INC – DOUG TIMMERMAN NAMED PRESIDENT OF AUTO FINANCE; 31/05/2018 – America’s Top Neighborhood Vibes: Ally Home Survey Finds a “Quiet and Quaint” Neighborhood Most Popular With Americans, Followed by “Modern Millennial”; 26/04/2018 – ALLY FINANCIAL INC QUARTERLY EPS: $0.57; ADJUSTED EPS $0.68; 26/04/2018 – Ally Financial 1Q Net $250M; 26/04/2018 – Ally Financial 1Q-End Adj Tangible Book Value $27.45/Share

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on July, 26. They expect $0.72 EPS, up 24.14% or $0.14 from last year’s $0.58 per share. ALLY’s profit will be $309.62M for 9.19 P/E if the $0.72 EPS becomes a reality. After $0.68 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts 5.88% EPS growth.

Another recent and important Ally Financial Inc. (NYSE:ALLY) news was published by Globenewswire.com which published an article titled: “Analysis: Positioning to Benefit within Ally Financial, Huntsman, Synchrony Financial, Exelon, TransEnterix, and …” on June 12, 2018.

Canyon Capital Advisors Llc, which manages about $20.20B and $9.89 billion US Long portfolio, upped its stake in Berry Global Group Inc (NYSE:BERY) by 643,825 shares to 6.44 million shares, valued at $352.89 million in 2018Q1, according to the filing. It also increased its holding in Time Warner Inc (NYSE:TWX) by 203,340 shares in the quarter, for a total of 9.26 million shares, and has risen its stake in Kroger Co (NYSE:KR).

Among 24 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Ally Financial had 72 analyst reports since July 29, 2015 according to SRatingsIntel. On Wednesday, January 31 the stock rating was maintained by Credit Suisse with “Outperform”. The rating was maintained by BMO Capital Markets with “Market Perform” on Monday, March 19. BMO Capital Markets maintained it with “Buy” rating and $26 target in Wednesday, April 26 report. The firm earned “Positive” rating on Monday, January 23 by Susquehanna. The stock has “Overweight” rating by Morgan Stanley on Thursday, October 26. Credit Suisse maintained Ally Financial Inc. (NYSE:ALLY) rating on Thursday, October 26. Credit Suisse has “Outperform” rating and $30 target. J.P. Morgan downgraded the stock to “Hold” rating in Friday, January 12 report. The firm has “Neutral” rating by Bank of America given on Friday, April 8. The stock of Ally Financial Inc. (NYSE:ALLY) earned “Buy” rating by Keefe Bruyette & Woods on Thursday, June 22. Zacks upgraded Ally Financial Inc. (NYSE:ALLY) rating on Wednesday, September 2. Zacks has “Buy” rating and $23 target.

Crow Point Partners Llc, which manages about $937.00 million and $544.06 million US Long portfolio, decreased its stake in Royce Value Trust (NYSE:RVT) by 29,531 shares to 39,033 shares, valued at $607,000 in 2018Q1, according to the filing. It also reduced its holding in South Jersey Industries (NYSE:SJI) by 325,000 shares in the quarter, leaving it with 400 shares, and cut its stake in Energy Select Sector Spdr (XLE).

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.18, from 1.14 in 2017Q4. It worsened, as 42 investors sold ETR shares while 178 reduced holdings. 62 funds opened positions while 149 raised stakes. 146.60 million shares or 1.33% more from 144.68 million shares in 2017Q4 were reported. Texas Permanent School Fund reported 46,708 shares. California-based Parallax Volatility Advisers Limited Partnership has invested 0% in Entergy Corporation (NYSE:ETR). Conning Inc reported 5,873 shares. Old Republic Intll Corp invested in 0.75% or 320,500 shares. Moreover, Lmr Prns Limited Liability Partnership has 0.07% invested in Entergy Corporation (NYSE:ETR) for 7,899 shares. Koch Industries holds 5,726 shares. Virginia Retirement Sys Et Al reported 441,800 shares. Nuwave Invest Mngmt Ltd Company has invested 0.15% in Entergy Corporation (NYSE:ETR). Earnest Llc holds 0% of its portfolio in Entergy Corporation (NYSE:ETR) for 121 shares. Federated Pa holds 0.14% of its portfolio in Entergy Corporation (NYSE:ETR) for 628,557 shares. Reilly Advisors Lc has 0% invested in Entergy Corporation (NYSE:ETR). 100 were reported by Pittenger & Anderson. Raymond James Financial Advisors holds 0.01% or 15,323 shares. Envestnet Asset Mngmt holds 46,119 shares. Moreover, Mitsubishi Ufj Trust And has 0.05% invested in Entergy Corporation (NYSE:ETR) for 381,504 shares.

Another recent and important Entergy Corporation (NYSE:ETR) news was published by Prnewswire.com which published an article titled: “Riley, Kenney Appointed to Leadership Roles in Distribution Operations Organization; Landreaux Takes Helm of …” on June 18, 2018.

Since March 5, 2018, it had 0 insider buys, and 4 selling transactions for $1.53 million activity. Mount Alyson M sold $816,086 worth of stock or 10,396 shares. 7,700 shares were sold by May Phillip R Jr, worth $631,400.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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