Virtu Financial Raised Position in Goldcorp New (GG) as Shares Declined; Boeing Co Com (BA) Holder Kings Point Capital Management Has Cut Stake by $524,510 as Share Price Rose

January 22, 2018 - By Vivian Currie

Kings Point Capital Management decreased its stake in Boeing Co Com (BA) by 3.97% based on its latest 2017Q3 regulatory filing with the SEC. Kings Point Capital Management sold 2,065 shares as the company’s stock rose 4.66% with the market. The institutional investor held 49,930 shares of the aerospace company at the end of 2017Q3, valued at $12.69M, down from 51,995 at the end of the previous reported quarter. Kings Point Capital Management who had been investing in Boeing Co Com for a number of months, seems to be less bullish one the $199.55B market cap company. The stock decreased 0.79% or $2.67 during the last trading session, reaching $335.06. About 1.07M shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since January 22, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Virtu Financial Llc increased its stake in Goldcorp Inc New (GG) by 170.6% based on its latest 2017Q3 regulatory filing with the SEC. Virtu Financial Llc bought 44,340 shares as the company’s stock declined 20.41% while stock markets rallied. The institutional investor held 70,331 shares of the precious metals company at the end of 2017Q3, valued at $562,000, up from 25,991 at the end of the previous reported quarter. Virtu Financial Llc who had been investing in Goldcorp Inc New for a number of months, seems to be bullish on the $12.15 billion market cap company. The stock decreased 0.70% or $0.1 during the last trading session, reaching $14.22. About 1.74 million shares traded. Goldcorp Inc. (NYSE:GG) has declined 19.95% since January 22, 2017 and is downtrending. It has underperformed by 36.65% the S&P500.

Virtu Financial Llc, which manages about $618.84M US Long portfolio, decreased its stake in Proshares Tr (SKF) by 29,415 shares to 19,355 shares, valued at $465,000 in 2017Q3, according to the filing. It also reduced its holding in Rice Midstream Partners Lp by 24,199 shares in the quarter, leaving it with 14,397 shares, and cut its stake in Phillips 66 Partners Lp (NYSE:PSXP).

Among 21 analysts covering Goldcorp Inc. (NYSE:GG), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Goldcorp Inc. had 61 analyst reports since July 24, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of GG in report on Monday, September 25 with “Hold” rating. The firm has “Overweight” rating by JP Morgan given on Wednesday, November 15. RBC Capital Markets maintained the shares of GG in report on Monday, August 14 with “Hold” rating. On Wednesday, November 22 the stock rating was downgraded by HSBC to “Hold”. The company was maintained on Monday, September 18 by Jefferies. Morgan Stanley initiated Goldcorp Inc. (NYSE:GG) rating on Tuesday, August 9. Morgan Stanley has “Overweight” rating and $22 target. The stock of Goldcorp Inc. (NYSE:GG) has “Underperform” rating given on Monday, April 11 by RBC Capital Markets. The stock of Goldcorp Inc. (NYSE:GG) has “Hold” rating given on Tuesday, September 19 by RBC Capital Markets. The firm earned “Sector Perform” rating on Thursday, November 12 by RBC Capital Markets. The rating was downgraded by Goldman Sachs on Wednesday, May 11 to “Neutral”.

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 91 analyst reports since August 26, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co with “Buy” on Wednesday, September 6. The firm earned “Sector Perform” rating on Thursday, April 28 by RBC Capital Markets. The firm has “Buy” rating by Jefferies given on Monday, October 23. On Friday, July 28 the stock rating was upgraded by Buckingham Research to “Neutral”. The firm has “Hold” rating given on Wednesday, November 15 by RBC Capital Markets. On Wednesday, October 26 the stock rating was downgraded by Standpoint Research to “Sell”. The stock has “Hold” rating by Standpoint Research on Monday, November 2. As per Thursday, October 26, the company rating was maintained by RBC Capital Markets. The stock of The Boeing Company (NYSE:BA) earned “Neutral” rating by Buckingham Research on Thursday, February 18. Seaport Global maintained it with “Buy” rating and $430.0 target in Wednesday, January 17 report.

Kings Point Capital Management, which manages about $448.23M US Long portfolio, upped its stake in Amgen Inc (NASDAQ:AMGN) by 2,226 shares to 15,984 shares, valued at $2.98 million in 2017Q3, according to the filing. It also increased its holding in Illinois Tool Wks Inc (NYSE:ITW) by 4,710 shares in the quarter, for a total of 30,590 shares, and has risen its stake in Procter & Gamble Co Com (NYSE:PG).

Since July 31, 2017, it had 0 buys, and 5 insider sales for $20.35 million activity. Another trade for 56,838 shares valued at $13.84M was sold by Muilenburg Dennis A. $32,321 worth of The Boeing Company (NYSE:BA) was sold by Downey Thomas J on Monday, August 7. $616,499 worth of The Boeing Company (NYSE:BA) was sold by Verbeck Robert E. 4,217 shares valued at $1.02 million were sold by CAPOZZI HEIDI B on Monday, July 31.

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