Pacific Global Investment Management Company Lifted Its Bank Of America (BAC) Position by $350,075; Valuation Declined; As Griffin Inl Rlty (GRIF) Market Valuation Declined, Holder Towerview Decreased Its Stake

January 23, 2018 - By Winifred Garcia

Pacific Global Investment Management Company increased its stake in Bank Of America Corp (BAC) by 5.53% based on its latest 2017Q3 regulatory filing with the SEC. Pacific Global Investment Management Company bought 14,003 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 267,235 shares of the major banks company at the end of 2017Q3, valued at $6.77 million, up from 253,232 at the end of the previous reported quarter. Pacific Global Investment Management Company who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $328.37 billion market cap company. The stock decreased 0.06% or $0.02 during the last trading session, reaching $31.92. About 51.84 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since January 23, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Towerview Llc decreased its stake in Griffin Inl Rlty Inc (GRIF) by 39.75% based on its latest 2017Q3 regulatory filing with the SEC. Towerview Llc sold 41,542 shares as the company’s stock declined 5.28% while stock markets rallied. The institutional investor held 62,958 shares of the finance company at the end of 2017Q3, valued at $2.29M, down from 104,500 at the end of the previous reported quarter. Towerview Llc who had been investing in Griffin Inl Rlty Inc for a number of months, seems to be less bullish one the $187.52M market cap company. It closed at $37.5 lastly. It is down 20.48% since January 23, 2017 and is uptrending. It has outperformed by 3.78% the S&P500.

Among 32 analysts covering Bank of America (NYSE:BAC), 21 have Buy rating, 0 Sell and 11 Hold. Therefore 66% are positive. Bank of America had 105 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, January 29 by CLSA. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Wednesday, August 26 by UBS. The stock has “Buy” rating by Jefferies on Tuesday, June 6. BMO Capital Markets maintained the shares of BAC in report on Wednesday, August 23 with “Hold” rating. Jefferies maintained Bank of America Corporation (NYSE:BAC) on Tuesday, July 21 with “Buy” rating. The stock has “Outperform” rating by Keefe Bruyette & Woods on Tuesday, November 29. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Sandler O’Neill on Tuesday, January 9. Raymond James maintained the shares of BAC in report on Tuesday, December 5 with “Buy” rating. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, April 12 report. The rating was upgraded by KBW to “Buy” on Tuesday, September 1.

Since August 10, 2017, it had 0 insider buys, and 1 insider sale for $2.10 million activity.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Archon Ptnrs Llc invested 1.86% of its portfolio in Bank of America Corporation (NYSE:BAC). Neumann Capital Ltd Liability owns 122,225 shares. Loring Wolcott & Coolidge Fiduciary Limited Liability Partnership Ma holds 0.02% or 41,487 shares. Allsquare Wealth Management stated it has 0.42% of its portfolio in Bank of America Corporation (NYSE:BAC). Hoplite Capital Management LP invested 5.16% of its portfolio in Bank of America Corporation (NYSE:BAC). Carnegie Capital Asset Mngmt Limited Liability Corporation stated it has 0.09% in Bank of America Corporation (NYSE:BAC). Winch Advisory Services Ltd Liability holds 2,212 shares. Columbus Hill Cap Mgmt LP has invested 5.01% of its portfolio in Bank of America Corporation (NYSE:BAC). 6.71M were reported by Kbc Group Inc Nv. Parametric Portfolio Ltd Liability Com has invested 0.72% of its portfolio in Bank of America Corporation (NYSE:BAC). Artemis Invest Mngmt Llp owns 2.72% invested in Bank of America Corporation (NYSE:BAC) for 5.23 million shares. Swedbank has invested 0.87% in Bank of America Corporation (NYSE:BAC). 77,114 are held by Court Place Advsrs. Sii Invests Inc Wi owns 0.07% invested in Bank of America Corporation (NYSE:BAC) for 46,200 shares. Johnson Financial Group holds 0.36% or 107,479 shares.

Pacific Global Investment Management Company, which manages about $700.64 million and $442.95 million US Long portfolio, decreased its stake in Darling Ingredients Inc (NYSE:DAR) by 24,635 shares to 181,890 shares, valued at $3.19 million in 2017Q3, according to the filing. It also reduced its holding in Saia Inc (NASDAQ:SAIA) by 15,669 shares in the quarter, leaving it with 87,582 shares, and cut its stake in Hornbeck Offshore Services Inc (NYSE:HOS).

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