Omega Advisors Has Decreased Its Ellington Financial (EFC) Stake as Stock Value Rose; Utah Retirement Systems Trimmed Its Stake in General Mtrs Co (GM) by $332,000

February 15, 2018 - By Russell Anderson

Utah Retirement Systems decreased its stake in General Mtrs Co (GM) by 3.3% based on its latest 2017Q3 regulatory filing with the SEC. Utah Retirement Systems sold 8,300 shares as the company’s stock declined 12.09% while stock markets rallied. The institutional investor held 242,837 shares of the auto manufacturing company at the end of 2017Q3, valued at $9.81 million, down from 251,137 at the end of the previous reported quarter. Utah Retirement Systems who had been investing in General Mtrs Co for a number of months, seems to be less bullish one the $58.41 billion market cap company. The stock decreased 0.40% or $0.165 during the last trading session, reaching $41.645. About 5.03 million shares traded. General Motors Company (NYSE:GM) has risen 7.92% since February 15, 2017 and is uptrending. It has underperformed by 8.78% the S&P500.

Leon Cooperman decreased its stake in Ellington Financial Llc (EFC) by 95.26% based on its latest 2017Q3 regulatory filing with the SEC. Omega Advisors Inc sold 1.21 million shares as the company’s stock rose 5.48% with the market. The hedge fund run by Leon Cooperman held 60,000 shares of the real estate company at the end of 2017Q3, valued at $947,000, down from 1.27 million at the end of the previous reported quarter. Omega Advisors Inc who had been investing in Ellington Financial Llc for a number of months, seems to be less bullish one the $480.22 million market cap company. The stock increased 1.47% or $0.22 during the last trading session, reaching $15.17. About 47,661 shares traded. Ellington Financial LLC (NYSE:EFC) has declined 3.64% since February 15, 2017 and is downtrending. It has underperformed by 20.34% the S&P500.

Investors sentiment decreased to 0.87 in 2017 Q3. Its down 0.15, from 1.02 in 2017Q2. It worsened, as 66 investors sold GM shares while 322 reduced holdings. 96 funds opened positions while 242 raised stakes. 1.01 billion shares or 1.95% less from 1.03 billion shares in 2017Q2 were reported. Landscape Capital Management Limited Liability, a New Jersey-based fund reported 6,669 shares. Moreover, Public Employees Retirement Systems Of Ohio has 0.19% invested in General Motors Company (NYSE:GM) for 917,643 shares. Skylands Ltd Com reported 4.47% in General Motors Company (NYSE:GM). Oakworth Capital, Alabama-based fund reported 663 shares. First Natl Trust has 0.1% invested in General Motors Company (NYSE:GM). Utah Retirement holds 0.22% of its portfolio in General Motors Company (NYSE:GM) for 242,837 shares. Dowling Yahnke Ltd Liability Co invested 0.08% in General Motors Company (NYSE:GM). Camelot Portfolios Ltd Liability invested in 0.2% or 10,455 shares. Driehaus Mngmt Ltd stated it has 319,116 shares or 0.5% of all its holdings. Pnc Fincl Group stated it has 740,090 shares or 0.03% of all its holdings. Heritage Corporation invested 0.13% of its portfolio in General Motors Company (NYSE:GM). The Florida-based Raymond James Assoc has invested 0.06% in General Motors Company (NYSE:GM). Sandler Cap Mngmt holds 0.03% or 6,000 shares. Patten Group Inc stated it has 0.08% in General Motors Company (NYSE:GM). Fayez Sarofim holds 0% or 5,001 shares.

Among 29 analysts covering General Motors Company (NYSE:GM), 16 have Buy rating, 3 Sell and 10 Hold. Therefore 55% are positive. General Motors Company had 90 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Buy” rating by Seaport Global given on Tuesday, August 9. The rating was upgraded by RBC Capital Markets to “Outperform” on Tuesday, December 19. The stock of General Motors Company (NYSE:GM) has “Hold” rating given on Wednesday, October 14 by Deutsche Bank. The stock of General Motors Company (NYSE:GM) has “Equalweight” rating given on Monday, January 25 by Barclays Capital. As per Wednesday, February 24, the company rating was initiated by Morgan Stanley. The stock of General Motors Company (NYSE:GM) has “Underperform” rating given on Wednesday, January 11 by Daiwa Securities. Deutsche Bank maintained General Motors Company (NYSE:GM) on Wednesday, October 25 with “Buy” rating. As per Thursday, October 22, the company rating was maintained by UBS. On Wednesday, October 26 the stock rating was downgraded by Bank of America to “Neutral”. Piper Jaffray initiated General Motors Company (NYSE:GM) rating on Friday, June 10. Piper Jaffray has “Overweight” rating and $41 target.

Utah Retirement Systems, which manages about $4.45 billion US Long portfolio, upped its stake in Godaddy Inc by 7,100 shares to 21,400 shares, valued at $931,000 in 2017Q3, according to the filing. It also increased its holding in Athene Hldg Ltd by 11,800 shares in the quarter, for a total of 19,731 shares, and has risen its stake in Digital Rlty Tr Inc (NYSE:DLR).

Investors sentiment decreased to 0.64 in Q3 2017. Its down 1.00, from 1.64 in 2017Q2. It turned negative, as 10 investors sold EFC shares while 15 reduced holdings. 4 funds opened positions while 12 raised stakes. 13.85 million shares or 8.66% less from 15.16 million shares in 2017Q2 were reported. Moreover, Two Sigma Securities Limited Liability Co has 0.02% invested in Ellington Financial LLC (NYSE:EFC). Virtu Financial Limited holds 38,801 shares. Manufacturers Life Ins The stated it has 0% in Ellington Financial LLC (NYSE:EFC). Citigroup Inc holds 0.01% or 500,274 shares in its portfolio. Mutual Of America Mgmt Lc holds 0.11% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 430,003 shares. Edge Wealth Management Limited Com owns 2,500 shares or 0.01% of their US portfolio. State Treasurer State Of Michigan has 0.2% invested in Ellington Financial LLC (NYSE:EFC) for 1.54M shares. Deutsche Financial Bank Ag owns 277,700 shares or 0% of their US portfolio. Fmr Ltd Llc holds 0% or 1.71M shares in its portfolio. Bb&T Ltd holds 0.01% of its portfolio in Ellington Financial LLC (NYSE:EFC) for 57,249 shares. Northern Tru Corporation, Illinois-based fund reported 11,412 shares. The North Carolina-based Endowment Management Limited Partnership has invested 0.04% in Ellington Financial LLC (NYSE:EFC). Royal Retail Bank Of Canada reported 0% in Ellington Financial LLC (NYSE:EFC). Retail Bank Of America De has invested 0% in Ellington Financial LLC (NYSE:EFC). Arrowstreet Partnership stated it has 159,034 shares or 0.01% of all its holdings.

Among 7 analysts covering Ellington Financial (NYSE:EFC), 3 have Buy rating, 0 Sell and 4 Hold. Therefore 43% are positive. Ellington Financial had 21 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by Maxim Group given on Tuesday, January 9. The stock has “Hold” rating by FBR Capital on Wednesday, November 8. The firm has “Buy” rating by Maxim Group given on Thursday, February 18. The firm earned “Buy” rating on Monday, August 10 by Deutsche Bank. The stock of Ellington Financial LLC (NYSE:EFC) earned “Buy” rating by Sandler O’Neill on Wednesday, December 6. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) on Thursday, August 13 with “Buy” rating. The firm has “Buy” rating by Maxim Group given on Monday, October 9. The firm earned “Buy” rating on Tuesday, November 7 by Maxim Group. The stock has “Outperform” rating by FBR Capital on Thursday, April 21. Maxim Group maintained Ellington Financial LLC (NYSE:EFC) rating on Wednesday, February 14. Maxim Group has “Buy” rating and $19.0 target.

Omega Advisors Inc, which manages about $12.65B and $2.57B US Long portfolio, upped its stake in Time Inc (NYSE:TIME) by 364,400 shares to 4.96M shares, valued at $66.96M in 2017Q3, according to the filing. It also increased its holding in Orion Engineered Carbons Sa (NYSE:OEC) by 200,000 shares in the quarter, for a total of 250,000 shares, and has risen its stake in Alphabet Inc.

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