Third Point Maintains Stake in Parsley Energy (PE); As American International Group (AIG) Stock Value Declined, State Street Has Cut Holding by $8.01 Million

January 18, 2018 - By Maria Brooks

State Street Corp decreased its stake in American International Group (AIG) by 0.33% based on its latest 2017Q3 regulatory filing with the SEC. State Street Corp sold 131,265 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 40.12M shares of the finance company at the end of 2017Q3, valued at $2.46B, down from 40.25M at the end of the previous reported quarter. State Street Corp who had been investing in American International Group for a number of months, seems to be less bullish one the $55.18 billion market cap company. The stock decreased 0.06% or $0.0352 during the last trading session, reaching $61.3848. About 1.51 million shares traded. American International Group, Inc. (NYSE:AIG) has risen 8.59% since January 18, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Dan Loeb increased its stake in Parsley Energy Inc (PE) by 18.89% based on its latest 2017Q3 regulatory filing with the SEC. Third Point Llc bought 850,000 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund run by Dan Loeb held 5.35 million shares of the energy company at the end of 2017Q3, valued at $140.92M, up from 4.50M at the end of the previous reported quarter. Third Point Llc who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $9.16B market cap company. The stock increased 0.99% or $0.285 during the last trading session, reaching $29.125. About 2.32 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 18, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. Macquarie Research maintained the shares of PE in report on Monday, September 21 with “Outperform” rating. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. The stock has “Outperform” rating by Oppenheimer on Wednesday, August 12. The company was maintained on Friday, November 6 by Northland Capital. KeyBanc Capital Markets maintained Parsley Energy, Inc. (NYSE:PE) on Monday, October 23 with “Buy” rating. The rating was initiated by Williams Capital Group with “Hold” on Monday, August 29. As per Friday, August 14, the company rating was upgraded by Howard Weil. As per Wednesday, December 2, the company rating was initiated by Deutsche Bank. The company was maintained on Thursday, August 4 by UBS. Barclays Capital maintained Parsley Energy, Inc. (NYSE:PE) on Tuesday, August 8 with “Overweight” rating.

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It is negative, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Cubist Systematic Strategies Limited Co accumulated 23,635 shares. Spirit Of America Corporation, New York-based fund reported 328,650 shares. Moreover, Pointstate Capital LP has 0.36% invested in Parsley Energy, Inc. (NYSE:PE) for 1.59 million shares. Raymond James & Associate holds 434,048 shares or 0.02% of its portfolio. Segall Bryant And Hamill Ltd Com has invested 0.03% in Parsley Energy, Inc. (NYSE:PE). Moreover, Secor Ltd Partnership has 0.03% invested in Parsley Energy, Inc. (NYSE:PE). Fund Mngmt Sa owns 282,457 shares or 0.05% of their US portfolio. Lombard Odier Asset Management (Usa) holds 0.49% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 259,077 shares. Caymus Prns LP holds 2.91M shares or 9.64% of its portfolio. King Luther Capital Mngmt holds 100,036 shares or 0.02% of its portfolio. Alliancebernstein Limited Partnership invested in 1.76 million shares or 0.03% of the stock. Caisse De Depot Et Placement Du Quebec holds 0% or 13,300 shares. Principal Fincl Inc reported 29,841 shares stake. Pictet Asset Mgmt holds 0.01% or 77,300 shares in its portfolio. Ameriprise Financial Incorporated has invested 0.01% in Parsley Energy, Inc. (NYSE:PE).

Third Point Llc, which manages about $17.97 billion and $11.90 billion US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 100,000 shares to 3.40 million shares, valued at $580.96 million in 2017Q3, according to the filing. It also reduced its holding in S&P Global Inc by 250,000 shares in the quarter, leaving it with 1.25 million shares, and cut its stake in Sherwin Williams Co (NYSE:SHW).

Investors sentiment increased to 0.79 in Q3 2017. Its up 0.15, from 0.64 in 2017Q2. It increased, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Tci Wealth Advsrs owns 3,067 shares. Great West Life Assurance Can holds 800,535 shares. The Connecticut-based Hartford Inv Mgmt Communication has invested 0.26% in American International Group, Inc. (NYSE:AIG). Meridian Inv Counsel invested 0.14% of its portfolio in American International Group, Inc. (NYSE:AIG). Moreover, Manufacturers Life Ins Co The has 0.11% invested in American International Group, Inc. (NYSE:AIG). Adirondack holds 0.02% or 470 shares in its portfolio. Nomura Holding holds 0.01% in American International Group, Inc. (NYSE:AIG) or 49,392 shares. Smithfield Comm has 3,862 shares for 0.03% of their portfolio. Ontario – Canada-based Intact Invest Mngmt Incorporated has invested 0.02% in American International Group, Inc. (NYSE:AIG). Sns Financial Gru Limited Liability Corporation has invested 0.05% in American International Group, Inc. (NYSE:AIG). Robeco Institutional Asset Management Bv holds 0.07% or 183,450 shares. Pinnacle Associate Limited has invested 0.01% in American International Group, Inc. (NYSE:AIG). Waddell And Reed Fincl Inc reported 1.12 million shares stake. King Luther Cap Mngmt has 9,259 shares. Lincluden Mgmt holds 172,320 shares or 0.82% of its portfolio.

Among 21 analysts covering American International Group (NYSE:AIG), 12 have Buy rating, 2 Sell and 7 Hold. Therefore 57% are positive. American International Group had 70 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, May 17 by Wells Fargo. The firm has “Outperform” rating given on Tuesday, December 15 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Monday, July 10 by RBC Capital Markets. The company was maintained on Friday, February 17 by RBC Capital Markets. The stock of American International Group, Inc. (NYSE:AIG) has “Buy” rating given on Friday, April 21 by Wells Fargo. RBC Capital Markets maintained American International Group, Inc. (NYSE:AIG) on Tuesday, September 5 with “Buy” rating. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 13. The stock of American International Group, Inc. (NYSE:AIG) earned “Neutral” rating by Atlantic Securities on Wednesday, August 9. Morgan Stanley upgraded American International Group, Inc. (NYSE:AIG) on Tuesday, May 16 to “Overweight” rating. The stock of American International Group, Inc. (NYSE:AIG) earned “Underperform” rating by Avondale on Wednesday, November 4.

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