Ruane Cunniff & Goldfarb Lowered Third Pt Reins LTD (TPRE) Holding; Aviance Capital Management Has Lifted Qualcomm (QCOM) Position

January 14, 2018 - By Linda Rogers

Ruane Cunniff & Goldfarb Inc decreased Third Pt Reins Ltd (TPRE) stake by 87.93% reported in 2017Q3 SEC filing. Ruane Cunniff & Goldfarb Inc sold 2.66M shares as Third Pt Reins Ltd (TPRE)’s stock rose 0.82%. The Ruane Cunniff & Goldfarb Inc holds 365,637 shares with $5.70 million value, down from 3.03 million last quarter. Third Pt Reins Ltd now has $1.52B valuation. The stock increased 1.07% or $0.15 during the last trading session, reaching $14.15. About 687,132 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 10.16% since January 14, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Aviance Capital Management Llc increased Qualcomm Inc (QCOM) stake by 6.66% reported in 2017Q3 SEC filing. Aviance Capital Management Llc acquired 8,438 shares as Qualcomm Inc (QCOM)’s stock rose 2.14%. The Aviance Capital Management Llc holds 135,163 shares with $7.01M value, up from 126,725 last quarter. Qualcomm Inc now has $96.81 billion valuation. The stock decreased 0.08% or $0.05 during the last trading session, reaching $65.38. About 5.01 million shares traded. QUALCOMM Incorporated (NASDAQ:QCOM) has risen 9.31% since January 14, 2017 and is uptrending. It has underperformed by 7.39% the S&P500.

Among 36 analysts covering Qualcomm Inc. (NASDAQ:QCOM), 15 have Buy rating, 1 Sell and 20 Hold. Therefore 42% are positive. Qualcomm Inc. had 122 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, November 2. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) earned “Outperform” rating by Cowen & Co on Thursday, July 21. The rating was maintained by Mizuho on Tuesday, October 31 with “Buy”. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, December 16 report. JP Morgan downgraded the shares of QCOM in report on Wednesday, December 14 to “Neutral” rating. The stock of QUALCOMM Incorporated (NASDAQ:QCOM) has “Equal-Weight” rating given on Monday, March 28 by Barclays Capital. The stock has “Buy” rating by Canaccord Genuity on Thursday, November 5. Topeka Capital Markets maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Thursday, November 5 with “Hold” rating. Northland Capital maintained QUALCOMM Incorporated (NASDAQ:QCOM) on Tuesday, August 1 with “Hold” rating. The stock has “Outperform” rating by Cowen & Co on Friday, February 12.

Since August 20, 2017, it had 0 buys, and 5 insider sales for $3.11 million activity. The insider ROGERS ALEXANDER H sold $18,361. The insider GROB MATTHEW S sold 43,000 shares worth $2.81 million. On Sunday, August 20 STERLING MICHELLE M sold $245,919 worth of QUALCOMM Incorporated (NASDAQ:QCOM) or 4,740 shares.

Aviance Capital Management Llc decreased Ishares Core S&P 500 (IVV) stake by 58,101 shares to 164,788 valued at $41.68 million in 2017Q3. It also reduced Spdr Dow Jones Industrial Average Etf (DIA) stake by 77,935 shares and now owns 239,120 shares. Spdr S&P Homebuilders Etf (XHB) was reduced too.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.13, from 0.98 in 2017Q2. It dived, as 83 investors sold QCOM shares while 490 reduced holdings. 89 funds opened positions while 397 raised stakes. 1.10 billion shares or 0.88% less from 1.11 billion shares in 2017Q2 were reported. Riverhead Mgmt Limited Liability Company owns 0.14% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 57,926 shares. Highland Management Ltd Liability holds 0.33% or 80,928 shares. Bryn Mawr has invested 0.37% in QUALCOMM Incorporated (NASDAQ:QCOM). Ontario – Canada-based Comml Bank Of Montreal Can has invested 0.09% in QUALCOMM Incorporated (NASDAQ:QCOM). Valley National Advisers holds 0.1% in QUALCOMM Incorporated (NASDAQ:QCOM) or 5,629 shares. Delta Capital Management Limited Liability Com invested in 31,190 shares. The Kentucky-based Cullinan Assoc has invested 0.95% in QUALCOMM Incorporated (NASDAQ:QCOM). 10.30 million are held by Ameriprise Financial Inc. Ferguson Wellman Capital Mngmt owns 0.01% invested in QUALCOMM Incorporated (NASDAQ:QCOM) for 7,126 shares. First Tru Advsrs Limited Partnership owns 3.39 million shares. The New Jersey-based Round Table Ser Lc has invested 0.07% in QUALCOMM Incorporated (NASDAQ:QCOM). Fort LP holds 35,918 shares or 0.46% of its portfolio. Old Republic Interest stated it has 1.35% of its portfolio in QUALCOMM Incorporated (NASDAQ:QCOM). Ray Gerald L And Assocs Limited reported 77,215 shares. Hgk Asset Mgmt invested in 0.06% or 7,665 shares.

Investors sentiment decreased to 2.24 in 2017 Q3. Its down 0.22, from 2.46 in 2017Q2. It worsened, as 10 investors sold TPRE shares while 27 reduced holdings. 38 funds opened positions while 45 raised stakes. 79.68 million shares or 8.59% more from 73.38 million shares in 2017Q2 were reported. Hbk Limited Partnership invested 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Price T Rowe Associate Md holds 2.67M shares. The United Kingdom-based Barclays Plc has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Principal accumulated 497,752 shares or 0.01% of the stock. Jefferies Gp Ltd Liability, New York-based fund reported 10,300 shares. Wedge Capital Management L Lp Nc holds 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 28,939 shares. Northern, a Illinois-based fund reported 956,228 shares. Pnc Finance Services Gru Inc holds 0% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE) for 116 shares. Renaissance Technology Limited Liability Corporation has 972,093 shares. Guggenheim Capital Lc invested in 123,706 shares or 0% of the stock. Hutchin Hill Lp holds 0.01% or 14,215 shares in its portfolio. Matarin Mgmt Ltd Liability Corporation accumulated 0.82% or 617,572 shares. Robeco Institutional Asset Mngmt Bv holds 0.1% or 1.03 million shares in its portfolio. Insight 2811 Incorporated has 0.62% invested in Third Point Reinsurance Ltd. (NYSE:TPRE). Panagora Asset Management reported 352,260 shares stake.

Among 5 analysts covering Third Point Reinsurance (NYSE:TPRE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Third Point Reinsurance had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating by Keefe Bruyette & Woods given on Tuesday, October 10. Keefe Bruyette & Woods maintained Third Point Reinsurance Ltd. (NYSE:TPRE) rating on Friday, September 8. Keefe Bruyette & Woods has “Buy” rating and $16.5 target. The firm has “Hold” rating given on Monday, October 16 by Keefe Bruyette & Woods. The stock of Third Point Reinsurance Ltd. (NYSE:TPRE) has “Buy” rating given on Wednesday, September 2 by Compass Point. The stock has “Buy” rating by Keefe Bruyette & Woods on Thursday, August 3. Morgan Stanley maintained the shares of TPRE in report on Friday, November 10 with “Equal-Weight” rating. As per Thursday, October 1, the company rating was maintained by Wood. The company was maintained on Monday, December 4 by Keefe Bruyette & Woods. The stock has “Outperform” rating by Keefe Bruyette & Woods on Monday, May 8.

Ruane Cunniff & Goldfarb Inc increased Irsa Inversiones Y Rep S A (NYSE:IRS) stake by 106,000 shares to 571,000 valued at $14.02M in 2017Q3. It also upped Fiat Chrysler Automobiles N stake by 5.03 million shares and now owns 25.06M shares. Berkshire Hathaway Inc Del (BRKA) was raised too.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on February, 22. They expect $0.67 EPS, up 248.89% or $1.12 from last year’s $-0.45 per share. TPRE’s profit will be $71.92M for 5.28 P/E if the $0.67 EPS becomes a reality. After $0.52 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

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