As Valley Natl Bancorp (VLY) Stock Price Declined, Bnp Paribas Arbitrage Sa Raised Stake by $188.75 Million; Qvt Financial LP Stake in Nordic American Tankers Limi (NAT) Has Lowered by $6.95 Million

January 20, 2018 - By Kurt Siggers

Bnp Paribas Arbitrage Sa increased its stake in Valley Natl Bancorp (VLY) by 12.16% based on its latest 2017Q3 regulatory filing with the SEC. Bnp Paribas Arbitrage Sa bought 15,664 shares as the company’s stock declined 8.06% while stock markets rallied. The institutional investor held 144,473 shares of the major banks company at the end of 2017Q3, valued at $1.74 billion, up from 128,809 at the end of the previous reported quarter. Bnp Paribas Arbitrage Sa who had been investing in Valley Natl Bancorp for a number of months, seems to be bullish on the $3.25B market cap company. The stock increased 1.65% or $0.2 during the last trading session, reaching $12.3. About 1.65M shares traded. Valley National Bancorp (NYSE:VLY) has risen 24.84% since January 20, 2017 and is uptrending. It has outperformed by 8.14% the S&P500.

Daniel Gold decreased its stake in Nordic American Tankers Limi (NAT) by 84.76% based on its latest 2017Q3 regulatory filing with the SEC. Qvt Financial Lp sold 1.39 million shares as the company’s stock declined 15.71% while stock markets rallied. The hedge fund run by Daniel Gold held 250,000 shares of the marine transportation company at the end of 2017Q3, valued at $1.34 million, down from 1.64M at the end of the previous reported quarter. Qvt Financial Lp who had been investing in Nordic American Tankers Limi for a number of months, seems to be less bullish one the $373.32 million market cap company. The stock increased 0.77% or $0.02 during the last trading session, reaching $2.63. About 1.74 million shares traded. Nordic American Tankers Limited (NYSE:NAT) has declined 48.16% since January 20, 2017 and is downtrending. It has underperformed by 64.86% the S&P500.

Among 9 analysts covering Nordic American Tanker Shipping (NYSE:NAT), 1 have Buy rating, 2 Sell and 6 Hold. Therefore 11% are positive. Nordic American Tanker Shipping had 25 analyst reports since August 12, 2015 according to SRatingsIntel. The stock of Nordic American Tankers Limited (NYSE:NAT) earned “Market Perform” rating by Wells Fargo on Wednesday, November 16. Evercore downgraded Nordic American Tankers Limited (NYSE:NAT) on Friday, July 21 to “Underperform” rating. Maxim Group maintained Nordic American Tankers Limited (NYSE:NAT) rating on Monday, October 23. Maxim Group has “Sell” rating and $3 target. Jefferies maintained Nordic American Tankers Limited (NYSE:NAT) on Thursday, October 19 with “Sell” rating. The firm has “Sell” rating by Maxim Group given on Tuesday, August 8. The rating was maintained by Jefferies with “Underperform” on Wednesday, July 27. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Buy” rating given on Wednesday, August 12 by Euro Pacific Capital. Jefferies maintained it with “Sell” rating and $5.0 target in Monday, August 21 report. The stock of Nordic American Tankers Limited (NYSE:NAT) has “Equal-Weight” rating given on Wednesday, November 8 by Morgan Stanley. Jefferies maintained the shares of NAT in report on Monday, April 3 with “Sell” rating.

Analysts await Nordic American Tankers Limited (NYSE:NAT) to report earnings on February, 5. They expect $-0.09 earnings per share, down 350.00% or $0.07 from last year’s $-0.02 per share. After $-0.34 actual earnings per share reported by Nordic American Tankers Limited for the previous quarter, Wall Street now forecasts -73.53% EPS growth.

Since August 2, 2017, it had 0 insider purchases, and 2 insider sales for $531,665 activity.

Among 10 analysts covering Valley National Bancorp (NYSE:VLY), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Valley National Bancorp had 19 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Valley National Bancorp (NYSE:VLY) has “Sell” rating given on Tuesday, August 25 by Guggenheim. Piper Jaffray maintained Valley National Bancorp (NYSE:VLY) on Tuesday, August 8 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, December 21. Keefe Bruyette & Woods maintained Valley National Bancorp (NYSE:VLY) on Monday, May 29 with “Hold” rating. As per Wednesday, August 19, the company rating was upgraded by Zacks. The firm has “Outperform” rating given on Monday, July 31 by Hovde Group. The stock of Valley National Bancorp (NYSE:VLY) has “Overweight” rating given on Friday, January 5 by PiperJaffray. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, September 28. Wood upgraded Valley National Bancorp (NYSE:VLY) on Thursday, July 27 to “Outperform” rating. Sandler O’Neill downgraded the shares of VLY in report on Monday, November 14 to “Hold” rating.

Bnp Paribas Arbitrage Sa, which manages about $40924.49 billion US Long portfolio, decreased its stake in Catchmark Timber Tr Inc (NYSE:CTT) by 335 shares to 4,070 shares, valued at $51.32 million in 2017Q3, according to the filing. It also reduced its holding in World Fuel Svcs Corp (NYSE:INT) by 165,122 shares in the quarter, leaving it with 31,436 shares, and cut its stake in First Potomac Rlty Tr (NYSE:FPO).

Investors sentiment increased to 1.66 in Q3 2017. Its up 0.08, from 1.58 in 2017Q2. It is positive, as 12 investors sold VLY shares while 64 reduced holdings. 35 funds opened positions while 91 raised stakes. 167.29 million shares or 2.75% more from 162.82 million shares in 2017Q2 were reported. Ing Groep Nv invested in 0.01% or 32,329 shares. Estabrook Cap has invested 0.02% of its portfolio in Valley National Bancorp (NYSE:VLY). Third Avenue Mngmt Limited Liability, New York-based fund reported 189,675 shares. Commonwealth Of Pennsylvania School Empls Retrmt Sys holds 0.01% of its portfolio in Valley National Bancorp (NYSE:VLY) for 38,508 shares. Ameritas Prns stated it has 100,459 shares. Brinker holds 23,077 shares. Alliancebernstein Limited Partnership holds 0% or 419,154 shares in its portfolio. Illinois-based Magnetar Fin Limited Liability Corp has invested 0% in Valley National Bancorp (NYSE:VLY). Chicago Equity Ptnrs Limited Liability reported 0.24% in Valley National Bancorp (NYSE:VLY). Tiaa Cref Investment Llc holds 1.33M shares. Mason Street Advisors has 131,019 shares for 0.04% of their portfolio. Moreover, Capital Ok has 0.86% invested in Valley National Bancorp (NYSE:VLY). Arizona State Retirement Systems stated it has 149,617 shares. Zurcher Kantonalbank (Zurich Cantonalbank) invested 0% of its portfolio in Valley National Bancorp (NYSE:VLY). Cantab Capital Prtn Limited Liability Partnership owns 30,860 shares.

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