As Raytheon Company (RTN) Valuation Rose, Holder Centre Asset Management Upped Its Holding; As American National Insurance (ANAT) Share Price Declined, Glacier Peak Capital Has Increased Holding by $767,000

January 22, 2018 - By Dolores Ford

Glacier Peak Capital Llc increased its stake in American National Insurance (ANAT) by 25.29% based on its latest 2017Q3 regulatory filing with the SEC. Glacier Peak Capital Llc bought 6,500 shares as the company’s stock declined 6.45% while stock markets rallied. The hedge fund held 32,202 shares of the life insurance company at the end of 2017Q3, valued at $3.80 million, up from 25,702 at the end of the previous reported quarter. Glacier Peak Capital Llc who had been investing in American National Insurance for a number of months, seems to be bullish on the $3.42B market cap company. The stock decreased 0.81% or $1.04 during the last trading session, reaching $127.15. About 563 shares traded. American National Insurance Company (NASDAQ:ANAT) has declined 4.05% since January 22, 2017 and is downtrending. It has underperformed by 20.75% the S&P500.

Centre Asset Management Llc increased its stake in Raytheon Company (RTN) by 8.24% based on its latest 2017Q3 regulatory filing with the SEC. Centre Asset Management Llc bought 3,550 shares as the company’s stock rose 4.85% with the market. The institutional investor held 46,650 shares of the industrial machinery and components company at the end of 2017Q3, valued at $8.70M, up from 43,100 at the end of the previous reported quarter. Centre Asset Management Llc who had been investing in Raytheon Company for a number of months, seems to be bullish on the $56.58B market cap company. The stock decreased 0.49% or $0.95 during the last trading session, reaching $195.73. About 214,807 shares traded. Raytheon Company (NYSE:RTN) has risen 24.03% since January 22, 2017 and is uptrending. It has outperformed by 7.33% the S&P500.

Since August 14, 2017, it had 0 buys, and 4 selling transactions for $1.08 million activity. Lawrence Taylor W had sold 3,791 shares worth $690,304 on Thursday, August 31. 829 shares valued at $149,378 were sold by Clark Vernon E on Monday, August 14. Shares for $121,723 were sold by Jimenez Frank R.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 17 have Buy rating, 1 Sell and 3 Hold. Therefore 81% are positive. Raytheon Company had 70 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Buy” rating by Bank of America given on Tuesday, August 1. The company was maintained on Monday, October 30 by JP Morgan. Bernstein maintained the shares of RTN in report on Monday, October 30 with “Outperform” rating. Stifel Nicolaus maintained the stock with “Buy” rating in Friday, January 29 report. Barclays Capital maintained the stock with “Equal Weight” rating in Monday, May 2 report. The company was maintained on Tuesday, October 31 by Buckingham Research. As per Wednesday, November 15, the company rating was maintained by RBC Capital Markets. The firm earned “Buy” rating on Friday, October 23 by Stifel Nicolaus. Wolfe Research downgraded Raytheon Company (NYSE:RTN) on Friday, October 23 to “Peer Perform” rating. As per Friday, October 27, the company rating was maintained by Bank of America.

Centre Asset Management Llc, which manages about $811.26M and $385.52 million US Long portfolio, decreased its stake in Home Depot Inc (NYSE:HD) by 13,330 shares to 40,387 shares, valued at $6.61 million in 2017Q3, according to the filing. It also reduced its holding in Amazon.Com Inc (NASDAQ:AMZN) by 6,200 shares in the quarter, leaving it with 13,160 shares, and cut its stake in Microsoft Corp (NASDAQ:MSFT).

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