Investec Asset Management LTD Boosted Its Bank Of America (BAC) Stake; HIGHLAND GOLD MNG (HGHGF) Shorts Decreased By 32.7%

November 14, 2017 - By Michael Collier

Investec Asset Management Ltd increased Bank Of America Corp (BAC) stake by 68.61% reported in 2017Q2 SEC filing. Investec Asset Management Ltd acquired 7.23 million shares as Bank Of America Corp (BAC)’s

stock declined 6.00%. The Investec Asset Management Ltd holds 17.77 million shares with $431.16M value, up from 10.54M last quarter. Bank Of America Corp now has $272.50 billion valuation. The stock declined 1.02% or $0.27 reaching $26.12 on the news. About 30.67M shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since November 14, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

HIGHLAND GOLD MNG (OTCMKTS:HGHGF) had a decrease of 32.7% in short interest. HGHGF’s SI was 196,300 shares in November as released by FINRA. Its down 32.7% from 291,700 shares previously. With 300 avg volume, 654 days are for HIGHLAND GOLD MNG (OTCMKTS:HGHGF)’s short sellers to cover HGHGF’s short positions. It is 0.00% or $0 reaching $1.88 per share. It is down 0.00% since November 14, 2016 and is . It has underperformed by 16.70% the S&P500.

Highland Gold Mining Limited is engaged in establishing a portfolio of gold mining activities within the Russian Federation. The company has market cap of $611.42 million. The Firm operates in four divisions: gold production, polymetallic concentrate production, development and exploration, and other. It currently has negative earnings. The gold production segment comprises two divisions, namely Mnogovershinnoye and Belaya Gora (BG).

Among 30 analysts covering Bank of America (NYSE:BAC), 20 have Buy rating, 0 Sell and 10 Hold. Therefore 67% are positive. Bank of America had 94 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corp (NYSE:BAC) has “Buy” rating given on Tuesday, January 26 by Deutsche Bank. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The rating was maintained by Keefe Bruyette & Woods on Tuesday, June 6 with “Buy”. UBS maintained Bank of America Corp (NYSE:BAC) on Monday, October 16 with “Neutral” rating. The stock of Bank of America Corp (NYSE:BAC) has “Buy” rating given on Thursday, June 1 by Credit Suisse. The stock of Bank of America Corp (NYSE:BAC) earned “Hold” rating by Deutsche Bank on Tuesday, November 8. The stock has “Buy” rating by Robert W. Baird on Tuesday, September 1. Robert W. Baird upgraded the stock to “Neutral” rating in Tuesday, August 25 report. The firm earned “Market Perform” rating on Monday, October 16 by BMO Capital Markets. The rating was downgraded by Wood on Monday, May 16 to “Market Perform”.

Investec Asset Management Ltd decreased Chemed Corp (NYSE:CHE) stake by 99,592 shares to 317,514 valued at $64.94M in 2017Q2. It also reduced Ternium Sa (NYSE:TX) stake by 67,988 shares and now owns 1.06M shares. Coach Inc (NYSE:COH) was reduced too.

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