United Bank Position in Ford Motor (F) Boosted by $559,911; New York Reit (NYRT) Holding Held by North Run Capital Lp

November 15, 2017 - By Marie Mckinney

United Bank increased its stake in Ford Motor (F) by 19.62% based on its latest 2017Q2 regulatory filing with the SEC. United Bank bought 50,901 shares as the company’s stock declined 13.59% while stock markets rallied. The institutional investor held 310,284 shares of the auto manufacturing company at the end of 2017Q2, valued at $3.47M, up from 259,383 at the end of the previous reported quarter. United Bank who had been investing in Ford Motor for a number of months, seems to be bullish on the $47.75 billion market cap company. The stock decreased 1.11% or $0.13 during the last trading session, reaching $12.02. About 9,257 shares traded. Ford Motor Company (NYSE:F) has declined 16.63% since November 15, 2016 and is downtrending. It has underperformed by 33.33% the S&P500.

Thomas Ellis increased its stake in New York Reit Inc (NYRT) by 12.5% based on its latest 2017Q2 regulatory filing with the SEC. North Run Capital Lp bought 200,000 shares as the company’s stock declined 12.85% while stock markets rallied. The hedge fund run by Thomas Ellis held 1.80M shares of the consumer services company at the end of 2017Q2, valued at $15.55 million, up from 1.60 million at the end of the previous reported quarter. North Run Capital Lp who had been investing in New York Reit Inc for a number of months, seems to be bullish on the $1.19B market cap company. The stock increased 0.28% or $0.02 during the last trading session, reaching $7.07. About shares traded. New York REIT Inc (NYSE:NYRT) has declined 9.21% since November 15, 2016 and is downtrending. It has underperformed by 25.91% the S&P500.

North Run Capital Lp, which manages about $1.78B and $187.66M US Long portfolio, decreased its stake in Mckesson Corp (NYSE:MCK) by 77,000 shares to 153,000 shares, valued at $25.18 million in 2017Q2, according to the filing. It also reduced its holding in New York & Co Inc (NYSE:NWY) by 771,069 shares in the quarter, leaving it with 2.37 million shares, and cut its stake in Willis Towers Watson Pub Ltd.

More important recent New York REIT Inc (NYSE:NYRT) news were published by: Nasdaq.com which released: “Corbyn Investment Management Inc Buys Conduent Inc, New York REIT Inc, j2 …” on November 07, 2017, also Globenewswire.com published article titled: “New York REIT, Inc. Enters Into Contract to Sell its 1440 Broadway Property”, Prnewswire.com published: “New York REIT, Inc. Enters Into Contract To Sell Its 333 West 34th Street Property” on November 10, 2017. More interesting news about New York REIT Inc (NYSE:NYRT) was released by: Nasdaq.com and their article: “Tahithromos, LLC Buys Colony NorthStar Inc, Infosys, New York REIT Inc, Sells …” with publication date: November 09, 2017.

Among 5 analysts covering New York REIT (NYSE:NYRT), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. New York REIT had 7 analyst reports since October 9, 2015 according to SRatingsIntel. The rating was maintained by SunTrust with “Hold” on Friday, November 3. The firm has “Buy” rating given on Thursday, June 30 by Compass Point. The stock of New York REIT Inc (NYSE:NYRT) has “Mkt Outperform” rating given on Friday, October 9 by JMP Securities. The stock of New York REIT Inc (NYSE:NYRT) earned “Buy” rating by Compass Point on Friday, October 30. Evercore upgraded the shares of NYRT in report on Monday, November 16 to “Buy” rating.

Since June 12, 2017, it had 0 insider purchases, and 1 sale for $279,068 activity.

United Bank, which manages about $102.83 million US Long portfolio, decreased its stake in T Rowe Price Group Inc (NASDAQ:TROW) by 5,676 shares to 6,052 shares, valued at $449,000 in 2017Q2, according to the filing. It also reduced its holding in Fortis Inc. (FRTSF) by 12,212 shares in the quarter, leaving it with 7,357 shares, and cut its stake in Mcdonalds Corp (NYSE:MCD).

More notable recent Ford Motor Company (NYSE:F) news were published by: Fool.com which released: “Truck Sales Help Ford Motor Company Outpace the Market Again” on November 02, 2017, also Latimes.com with their article: “Arjay Miller, Ford Motor Co. ‘Whiz Kid’ who helped save a failing auto company …” published on November 14, 2017, Seekingalpha.com published: “Ford Motor: Textbook Value?” on November 13, 2017. More interesting news about Ford Motor Company (NYSE:F) were released by: Investorplace.com and their article: “Don’t Bother Trading Ford Motor Company Shares Just Yet” published on November 14, 2017 as well as Seekingalpha.com‘s news article titled: “Ford Motor (F) Q3 2017 Results – Earnings Call Transcript” with publication date: October 26, 2017.

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