Vicor (VICR) Shareholder Ashford Capital Management Has Trimmed Its Stake by $1.87 Million; Pnc Finl Svcs Group (PNC) Holder Union Bankshares Upped Stake by $1.28 Million as Shares Rose

May 15, 2018 - By Henry Gaston

Vicor Corporation (NASDAQ:VICR) Logo

Union Bankshares Corp increased its stake in Pnc Finl Svcs Group Inc (PNC) by 34.43% based on its latest 2017Q4 regulatory filing with the SEC. Union Bankshares Corp bought 8,921 shares as the company’s stock rose 2.09% while stock markets declined. The institutional investor held 34,828 shares of the finance company at the end of 2017Q4, valued at $5.03 million, up from 25,907 at the end of the previous reported quarter. Union Bankshares Corp who had been investing in Pnc Finl Svcs Group Inc for a number of months, seems to be bullish on the $70.59 billion market cap company. The stock decreased 0.41% or $0.62 during the last trading session, reaching $150.35. About 1.74M shares traded. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 26.21% since May 15, 2017 and is uptrending. It has outperformed by 14.66% the S&P500.

Ashford Capital Management Inc decreased its stake in Vicor Corp (VICR) by 5.21% based on its latest 2017Q4 regulatory filing with the SEC. Ashford Capital Management Inc sold 93,633 shares as the company’s stock rose 11.70% while stock markets declined. The hedge fund held 1.70 million shares of the industrial machinery and components company at the end of 2017Q4, valued at $35.61M, down from 1.80M at the end of the previous reported quarter. Ashford Capital Management Inc who had been investing in Vicor Corp for a number of months, seems to be less bullish one the $1.52B market cap company. The stock decreased 0.65% or $0.25 during the last trading session, reaching $38.5. About 151,430 shares traded. Vicor Corporation (NASDAQ:VICR) has risen 53.14% since May 15, 2017 and is uptrending. It has outperformed by 41.59% the S&P500.

Investors sentiment increased to 1.04 in 2017 Q4. Its up 0.17, from 0.87 in 2017Q3. It improved, as 40 investors sold PNC shares while 337 reduced holdings. 99 funds opened positions while 294 raised stakes. 376.44 million shares or 0.65% less from 378.89 million shares in 2017Q3 were reported. First Natl Communications stated it has 29,475 shares or 0.47% of all its holdings. Brown Advisory holds 0.04% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC) for 83,549 shares. Macquarie Grp reported 110,576 shares. Sol Cap Mngmt Com invested in 3,500 shares or 0.14% of the stock. The Massachusetts-based Adage Prtn Group Inc Limited Liability Company has invested 0.39% in The PNC Financial Services Group, Inc. (NYSE:PNC). Raymond James Tru Na has invested 0.32% in The PNC Financial Services Group, Inc. (NYSE:PNC). Brookstone Cap has 1,907 shares for 0.02% of their portfolio. Sandy Spring Natl Bank holds 0.12% or 9,082 shares in its portfolio. Bb&T Securities has invested 0.37% in The PNC Financial Services Group, Inc. (NYSE:PNC). Envestnet Asset Mgmt accumulated 65,959 shares. Deutsche Commercial Bank Ag holds 0.15% or 1.59M shares in its portfolio. Kepos Ltd Partnership, a New York-based fund reported 31,364 shares. Sumitomo Mitsui Trust Hldgs reported 1.43M shares stake. Earnest Prns Lc invested in 0% or 254 shares. Rodgers Brothers Inc accumulated 3,623 shares.

Among 34 analysts covering PNC Financial Services (NYSE:PNC), 13 have Buy rating, 1 Sell and 20 Hold. Therefore 38% are positive. PNC Financial Services had 108 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Neutral” rating given on Thursday, September 28 by Nomura. The firm has “Equal-Weight” rating by Stephens given on Thursday, October 5. The firm has “Mkt Perform” rating given on Thursday, October 6 by Raymond James. The firm has “Buy” rating given on Monday, October 2 by Piper Jaffray. As per Monday, September 19, the company rating was upgraded by BMO Capital Markets. Wells Fargo maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Thursday, August 10. Wells Fargo has “Market Perform” rating and $119 target. Hilliard Lyons initiated The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Friday, October 2. Hilliard Lyons has “Neutral” rating and $94 target. RBC Capital Markets maintained The PNC Financial Services Group, Inc. (NYSE:PNC) rating on Monday, December 12. RBC Capital Markets has “Top Pick” rating and $130 target. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Buy” rating by Bank of America on Friday, May 4. As per Thursday, June 22, the company rating was maintained by BMO Capital Markets.

More notable recent The PNC Financial Services Group, Inc. (NYSE:PNC) news were published by: Bizjournals.com which released: “Bank Notes: Why big bank stock fell despite strong 1Q earnings” on April 16, 2018, also Prnewswire.com with their article: “Millennials’ Parents Encouraged Them To Save, Not Invest: PNC Investments Survey” published on May 09, 2018, Bizjournals.com published: “PNC economist: Tight labor a good problem to have” on April 30, 2018. More interesting news about The PNC Financial Services Group, Inc. (NYSE:PNC) were released by: Bizjournals.com and their article: “Big banks say their legal costs are tumbling” published on May 14, 2018 as well as Schaeffersresearch.com‘s news article titled: “Pullback in Bank Stocks Triggers ‘Buy’ Signals” with publication date: May 08, 2018.

Since December 8, 2017, it had 0 insider purchases, and 3 insider sales for $10.73 million activity. HANNON MICHAEL J also sold $1.24M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Wednesday, January 17. Parsley E William III sold $6.64M worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Friday, December 8.

Since December 8, 2017, it had 2 insider buys, and 9 sales for $2.05 million activity. VINCIARELLI PATRIZIO bought $71,348 worth of Vicor Corporation (NASDAQ:VICR) on Thursday, December 14. GRIFFIN LIAM sold $85,125 worth of stock or 3,885 shares. The insider RUSSELL ROBERT F sold $22,398. Another trade for 1,500 shares valued at $53,804 was sold by Nagel Richard J Jr. Shares for $10,377 were sold by GENDRON ROBERT. Another trade for 22,218 shares valued at $816,072 was sold by KELLEHER BARRY.

More recent Vicor Corporation (NASDAQ:VICR) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 04/24: (VICR) (MNKD) (CREE) Higher; (TER) (MNLO) (EW) Lower (more…)” on April 24, 2018. Also Seekingalpha.com published the news titled: “Vicor’s (VICR) CEO Patrizio Vinciarelli on Q1 2018 Results – Earnings Call Transcript” on April 25, 2018. Nasdaq.com‘s news article titled: “Mid-Morning Market Update: Markets Open Lower; Twitter Beats Q1 Expectations” with publication date: April 25, 2018 was also an interesting one.

Investors sentiment decreased to 0.81 in 2017 Q4. Its down 0.38, from 1.19 in 2017Q3. It is negative, as 6 investors sold VICR shares while 37 reduced holdings. 12 funds opened positions while 23 raised stakes. 9.88 million shares or 0.41% more from 9.84 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement Systems holds 14,228 shares. Dimensional Fund LP invested 0.01% in Vicor Corporation (NASDAQ:VICR). Swiss Natl Bank owns 28,932 shares. 10,058 are owned by Thrivent For Lutherans. Thompson Davis & Inc holds 500 shares or 0.02% of its portfolio. Trellus Management Ltd Liability Com stated it has 3.79% in Vicor Corporation (NASDAQ:VICR). Credit Suisse Ag invested in 0% or 12,734 shares. Northern Trust Corp invested in 208,418 shares or 0% of the stock. Ironwood Investment Mngmt Limited holds 0.64% or 42,535 shares in its portfolio. 68,756 were accumulated by Morgan Stanley. Rhumbline Advisers owns 40,479 shares. California State Teachers Retirement Systems holds 0% or 26,415 shares in its portfolio. Moreover, Savings Bank Of Montreal Can has 0% invested in Vicor Corporation (NASDAQ:VICR) for 958 shares. Price T Rowe Associates Md has 10,845 shares for 0% of their portfolio. National Bank Of Ny Mellon invested in 172,937 shares.

Ashford Capital Management Inc, which manages about $593.71 million and $642.54 million US Long portfolio, upped its stake in Argan Inc. (NYSE:AGX) by 170,694 shares to 334,563 shares, valued at $15.06M in 2017Q4, according to the filing. It also increased its holding in Cl A by 103,606 shares in the quarter, for a total of 406,346 shares, and has risen its stake in Meta Financial Group Inc (NASDAQ:CASH).

Vicor Corporation (NASDAQ:VICR) Institutional Positions Chart

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