As Bank Of America (BAC) Share Value Declined, Holder Berson & Corrado Investment Advisors Cut Stake; Omni Partners Llp Has Raised Time Warner (TWX) Stake by $53.97 Million; Market Valuation Rose

January 23, 2018 - By Migdalia James

Berson & Corrado Investment Advisors Llc decreased its stake in Bank Of America Corp (BAC) by 7.87% based on its latest 2017Q3 regulatory filing with the SEC. Berson & Corrado Investment Advisors Llc sold 25,326 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 296,648 shares of the major banks company at the end of 2017Q3, valued at $7.52M, down from 321,974 at the end of the previous reported quarter. Berson & Corrado Investment Advisors Llc who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $332.75 billion market cap company. The stock decreased 0.12% or $0.0385 during the last trading session, reaching $31.9015. About 49.75 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 23, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Omni Partners Llp increased its stake in Time Warner Inc (TWX) by 141.34% based on its latest 2017Q3 regulatory filing with the SEC. Omni Partners Llp bought 529,111 shares as the company’s stock rose 1.19% with the market. The hedge fund held 903,465 shares of the television services company at the end of 2017Q3, valued at $92.56 million, up from 374,354 at the end of the previous reported quarter. Omni Partners Llp who had been investing in Time Warner Inc for a number of months, seems to be bullish on the $72.92B market cap company. The stock decreased 0.37% or $0.35 during the last trading session, reaching $93.65. About 3.23 million shares traded. Time Warner Inc. (NYSE:TWX) has risen 36.37% since January 23, 2017 and is uptrending. It has outperformed by 19.67% the S&P500.

Omni Partners Llp, which manages about $1.06 billion and $783.19 million US Long portfolio, decreased its stake in Alere Inc (NYSE:ALR) by 318,180 shares to 711,971 shares, valued at $36.30 million in 2017Q3, according to the filing.

Among 40 analysts covering Time Warner Inc. (NYSE:TWX), 15 have Buy rating, 0 Sell and 25 Hold. Therefore 38% are positive. Time Warner Inc. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 5. Rosenblatt maintained the shares of TWX in report on Thursday, August 3 with “Hold” rating. The rating was maintained by Guggenheim with “Buy” on Thursday, January 4. As per Tuesday, May 23, the company rating was maintained by Jefferies. The firm has “Market Perform” rating given on Monday, August 24 by Cowen & Co. The company was downgraded on Thursday, November 5 by Bank of America. The rating was upgraded by Barclays Capital to “Overweight” on Wednesday, October 26. KeyBanc Capital Markets maintained Time Warner Inc. (NYSE:TWX) on Monday, November 20 with “Hold” rating. On Friday, November 17 the stock rating was maintained by Loop Capital with “Hold”. The company was downgraded on Monday, August 7 by Evercore.

Since December 14, 2017, it had 0 buys, and 1 sale for $2.11 million activity.

Investors sentiment decreased to 0.76 in 2017 Q3. Its down 0.09, from 0.85 in 2017Q2. It turned negative, as 66 investors sold TWX shares while 374 reduced holdings. 69 funds opened positions while 264 raised stakes. 586.69 million shares or 2.23% less from 600.08 million shares in 2017Q2 were reported. Badgley Phelps And Bell, a Washington-based fund reported 100,149 shares. Springowl Limited Liability invested 0.54% of its portfolio in Time Warner Inc. (NYSE:TWX). Highvista Strategies Limited Liability Com holds 163,389 shares or 3.81% of its portfolio. Cleararc has invested 0.31% in Time Warner Inc. (NYSE:TWX). Lipe & Dalton reported 48,509 shares stake. Schwab Charles Investment Incorporated invested 0.25% in Time Warner Inc. (NYSE:TWX). Cubist Systematic Strategies Ltd Liability Co reported 0.03% of its portfolio in Time Warner Inc. (NYSE:TWX). Btc accumulated 0.18% or 9,728 shares. Nikko Asset Mngmt Americas accumulated 0.03% or 5,211 shares. Rockefeller Financial invested 0.04% in Time Warner Inc. (NYSE:TWX). Alps Incorporated reported 4,242 shares. American Assets Management Limited Liability reported 0.2% stake. 2.47M are held by Susquehanna Gru Llp. Stillwater Inv Mgmt Llc has 2,398 shares for 0.11% of their portfolio. Hilltop has 4,174 shares.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $2.10 million activity.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 105 analyst reports since July 21, 2015 according to SRatingsIntel. Deutsche Bank downgraded it to “Hold” rating and $17 target in Tuesday, November 8 report. On Tuesday, June 6 the stock rating was maintained by Jefferies with “Buy”. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Friday, August 11 with “Buy” rating. The firm has “Buy” rating given on Wednesday, August 12 by Deutsche Bank. As per Friday, September 29, the company rating was maintained by Robert W. Baird. As per Monday, August 24, the company rating was upgraded by Bruyette & Woods”. Robert W. Baird upgraded the shares of BAC in report on Tuesday, August 25 to “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $26.0 target in Wednesday, August 30 report. On Wednesday, January 11 the stock rating was maintained by Citigroup with “Buy”. As per Tuesday, December 12, the company rating was maintained by Keefe Bruyette & Woods.

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