As Bank Amer (BAC) Shares Declined, Holder Nepsis Capital Management Lowered Its Holding; As Belmond LTD (BEL) Stock Price Declined, Gluskin Sheff & Assoc Has Upped by $914,030 Its Stake

February 15, 2018 - By Darrin Black

Gluskin Sheff & Assoc Inc increased its stake in Belmond Ltd (BEL) by 39.39% based on its latest 2017Q3 regulatory filing with the SEC. Gluskin Sheff & Assoc Inc bought 70,310 shares as the company’s stock declined 14.18% while stock markets rallied. The institutional investor held 248,790 shares of the hotels and resorts company at the end of 2017Q3, valued at $3.40M, up from 178,480 at the end of the previous reported quarter. Gluskin Sheff & Assoc Inc who had been investing in Belmond Ltd for a number of months, seems to be bullish on the $1.27 billion market cap company. The stock increased 1.22% or $0.15 during the last trading session, reaching $12.4. About 486,625 shares traded or 61.06% up from the average. Belmond Ltd. (NYSE:BEL) has risen 35.96% since February 15, 2017 and is uptrending. It has outperformed by 19.26% the S&P500.

Nepsis Capital Management Inc decreased its stake in Bank Amer Corp (BAC) by 20.85% based on its latest 2017Q3 regulatory filing with the SEC. Nepsis Capital Management Inc sold 67,336 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 255,609 shares of the major banks company at the end of 2017Q3, valued at $6.48M, down from 322,945 at the end of the previous reported quarter. Nepsis Capital Management Inc who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $329.19B market cap company. The stock increased 2.63% or $0.82 during the last trading session, reaching $32. About 97.25 million shares traded or 26.37% up from the average. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 15, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 6 analysts covering Belmond (NYSE:BEL), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Belmond had 17 analyst reports since September 3, 2015 according to SRatingsIntel. The firm has “Underperform” rating by Telsey Advisory Group given on Friday, February 26. The firm earned “Market Perform” rating on Friday, August 5 by Telsey Advisory Group. The stock of Belmond Ltd. (NYSE:BEL) earned “Neutral” rating by M Partners on Monday, December 5. Deutsche Bank downgraded the shares of BEL in report on Friday, November 4 to “Hold” rating. The firm has “Underperform” rating by Telsey Advisory Group given on Monday, January 4. The stock of Belmond Ltd. (NYSE:BEL) has “Hold” rating given on Monday, August 7 by Deutsche Bank. Barclays Capital maintained the shares of BEL in report on Wednesday, March 9 with “Overweight” rating. The company was downgraded on Thursday, January 14 by M Partners. The company was upgraded on Tuesday, June 6 by Telsey Advisory Group. Deutsche Bank maintained it with “Buy” rating and $13 target in Friday, August 5 report.

Gluskin Sheff & Assoc Inc, which manages about $7.77B and $971.88M US Long portfolio, decreased its stake in Nxp Semiconductors Nv (NASDAQ:NXPI) by 79,926 shares to 195,578 shares, valued at $22.12M in 2017Q3, according to the filing. It also reduced its holding in Johnson Controls Inc. by 9,660 shares in the quarter, leaving it with 266,301 shares, and cut its stake in Fortune Brands Home & Security (NYSE:FBHS).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, September 1 by Macquarie Research. The company was upgraded on Wednesday, January 20 by Sandler O’Neill. The company was maintained on Tuesday, January 9 by Sandler O’Neill. Nomura upgraded Bank of America Corporation (NYSE:BAC) on Tuesday, September 8 to “Buy” rating. The rating was upgraded by Macquarie Research on Thursday, February 16 to “Outperform”. Guggenheim downgraded the shares of BAC in report on Tuesday, November 15 to “Neutral” rating. Robert W. Baird maintained the shares of BAC in report on Tuesday, October 31 with “Hold” rating. The stock of Bank of America Corporation (NYSE:BAC) earned “Outperform” rating by Wells Fargo on Thursday, September 10. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Nomura on Monday, October 16. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”.

Nepsis Capital Management Inc, which manages about $214.00M and $193.71 million US Long portfolio, upped its stake in China Rapid Fin Ltd by 552,672 shares to 684,687 shares, valued at $4.51 million in 2017Q3, according to the filing. It also increased its holding in Kraft Heinz Co by 4,168 shares in the quarter, for a total of 74,924 shares, and has risen its stake in Baidu Inc (NASDAQ:BIDU).

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It fall, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Mitchell Mcleod Pugh Williams invested 0.55% in Bank of America Corporation (NYSE:BAC). Lmr Ptnrs Llp holds 14,654 shares. Kames Capital Public Ltd Com accumulated 2.31 million shares or 1.6% of the stock. 15,303 were accumulated by Forte Cap Limited Liability Company Adv. Carroll Assoc owns 145,238 shares. Whittier Of Nevada holds 0.2% of its portfolio in Bank of America Corporation (NYSE:BAC) for 86,050 shares. Natl Mutual Federation Of Agricultural Cooperatives owns 125,000 shares for 0.06% of their portfolio. 10.62M are held by Schroder Invest Mgmt Group. Nbt Financial Bank N A New York owns 0.12% invested in Bank of America Corporation (NYSE:BAC) for 30,154 shares. Winfield holds 9,040 shares or 0.12% of its portfolio. Yhb Investment Advsrs reported 136,126 shares stake. Mayo Investment Advisers Ltd Company reported 17,500 shares. Peoples, Pennsylvania-based fund reported 8,925 shares. San Francisco Sentry Inv Gru (Ca) has invested 0.64% of its portfolio in Bank of America Corporation (NYSE:BAC). One Cap Mngmt Ltd Liability Corp stated it has 0.67% in Bank of America Corporation (NYSE:BAC).

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