Orleans Capital Management Has Increased Bankamerica (BAC) Holding By $1.71 Million; Thermon Group Holdings (THR) Sellers Decreased By 4.82% Their Shorts

May 22, 2018 - By Hazel Jackson

Bank of America Corporation (NYSE:BAC) Logo

Thermon Group Holdings Inc (NYSE:THR) had a decrease of 4.82% in short interest. THR’s SI was 576,700 shares in May as released by FINRA. Its down 4.82% from 605,900 shares previously. With 99,600 avg volume, 6 days are for Thermon Group Holdings Inc (NYSE:THR)’s short sellers to cover THR’s short positions. The SI to Thermon Group Holdings Inc’s float is 1.81%. The stock increased 0.08% or $0.02 during the last trading session, reaching $24.45. About 35,358 shares traded. Thermon Group Holdings, Inc. (NYSE:THR) has risen 7.48% since May 22, 2017 and is uptrending. It has underperformed by 4.07% the S&P500.

Orleans Capital Management Corp increased Bankamerica Corp (BAC) stake by 181.75% reported in 2017Q4 SEC filing. Orleans Capital Management Corp acquired 59,115 shares as Bankamerica Corp (BAC)’s stock declined 1.20%. The Orleans Capital Management Corp holds 91,640 shares with $2.71M value, up from 32,525 last quarter. Bankamerica Corp now has $314.12B valuation. The stock increased 1.41% or $0.43 during the last trading session, reaching $30.98. About 45.70 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 22, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Orleans Capital Management Corp decreased Centerpoint Energy Inc Com (NYSE:CNP) stake by 14,050 shares to 77,648 valued at $2.20M in 2017Q4. It also reduced Walgreens Boots Allian Com stake by 13,097 shares and now owns 4,082 shares. Schlumberger Ltd (NYSE:SLB) was reduced too.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” on May 17, 2018, also Seekingalpha.com with their article: “Bank Of America: Time To Sell?” published on May 08, 2018, Bizjournals.com published: “Bank of America rolls out AI assistant Erica to all mobile customers” on May 21, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America affirms gun pledge” published on May 11, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Into The Home Straight?” with publication date: April 23, 2018.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Underperform” rating given on Tuesday, August 25 by Macquarie Research. Deutsche Bank downgraded the shares of BAC in report on Tuesday, November 8 to “Hold” rating. The rating was maintained by Nomura on Monday, April 16 with “Buy”. The firm has “Hold” rating by Societe Generale given on Tuesday, January 9. Wells Fargo maintained Bank of America Corporation (NYSE:BAC) on Thursday, August 10 with “Outperform” rating. The stock of Bank of America Corporation (NYSE:BAC) has “Market Perform” rating given on Monday, May 16 by Wood. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, April 17. The firm has “Buy” rating given on Friday, July 7 by Jefferies. The stock has “Outperform” rating by KBW on Monday, August 24. Robert W. Baird downgraded Bank of America Corporation (NYSE:BAC) on Wednesday, November 16 to “Neutral” rating.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Ibm Retirement Fund owns 1.38% invested in Bank of America Corporation (NYSE:BAC) for 253,261 shares. The California-based Bailard Incorporated has invested 0.04% in Bank of America Corporation (NYSE:BAC). Eastern Bankshares holds 1.72% or 867,792 shares. Indiana Tru & Inv Management holds 0.13% or 9,525 shares in its portfolio. Martingale Asset Limited Partnership holds 13,812 shares or 0.01% of its portfolio. Two Sigma Secs holds 111,038 shares or 0.09% of its portfolio. Investment Advisors Ltd Liability stated it has 0.84% in Bank of America Corporation (NYSE:BAC). Caxton Associate Lp, New Jersey-based fund reported 550,000 shares. Tctc Hldg owns 1.02 million shares or 1.57% of their US portfolio. Employees Retirement System Of Texas has 0.88% invested in Bank of America Corporation (NYSE:BAC). Gendell Jeffrey L reported 2.24M shares. Associated Banc invested 0.45% of its portfolio in Bank of America Corporation (NYSE:BAC). Cibc Retail Bank Usa accumulated 71,697 shares or 0.27% of the stock. Daiwa Sb Invests invested in 0.31% or 39,340 shares. Mengis Capital Mngmt holds 131,095 shares.

Thermon Group Holdings, Inc. provides thermal engineered industrial process heating solutions for process industries in the United States, Canada, Europe, and Asia. The company has market cap of $793.75 million. The Company’s products include various electric heat tracing cables, steam tracing components, tubing bundles, and instrument and control products, as well as complementary product lines. It has a 87.32 P/E ratio. The firm offers self-regulating and power limiting heating cables, which automatically increase or decrease heat output as pipe temperature changes, as well as constant wattage heating cables; mineral insulated cables for generating high temperatures used in harsh environments; skin effect trace heaters, which could heat lines up to 15 miles long from a single power point; and heat traced tube bundles for environmental gas sampling systems.

Another recent and important Thermon Group Holdings, Inc. (NYSE:THR) news was published by Digitaljournal.com which published an article titled: “Thermon Schedules Fourth Quarter and Full Fiscal 2018 Earnings Conference Call – May 24, 2018” on May 21, 2018.

Among 7 analysts covering Thermon Group Holdings (NYSE:THR), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Thermon Group Holdings had 25 analyst reports since September 18, 2015 according to SRatingsIntel. The stock of Thermon Group Holdings, Inc. (NYSE:THR) has “Buy” rating given on Thursday, January 25 by BMO Capital Markets. The stock has “Neutral” rating by SunTrust on Tuesday, November 3. The firm has “Neutral” rating by Suntrust Robinson given on Tuesday, November 3. The company was initiated on Tuesday, April 5 by BMO Capital Markets. The firm has “Buy” rating by Jefferies given on Thursday, October 5. The stock has “Outperform” rating by BMO Capital Markets on Monday, March 27. On Tuesday, September 26 the stock rating was maintained by Jefferies with “Buy”. BMO Capital Markets maintained the stock with “Buy” rating in Thursday, February 8 report. SunTrust maintained it with “Hold” rating and $23.0 target in Friday, February 9 report. On Friday, October 30 the stock rating was downgraded by William Blair to “Market Perform”.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>