Alpine Associates Management Has Trimmed At&T (Put) (T) Holding By $37.78 Million; Timessquare Capital Management Boosted Its Rbc Bearings (ROLL) Position

June 13, 2018 - By Stephen Andrade

AT&T Inc. (NYSE:T) Logo

Alpine Associates Management Inc decreased At&T Inc (Put) (T) stake by 78.37% reported in 2018Q1 SEC filing. Alpine Associates Management Inc sold 1.08M shares as At&T Inc (Put) (T)’s stock declined 13.21%. The Alpine Associates Management Inc holds 298,000 shares with $10.62 million value, down from 1.38M last quarter. At&T Inc (Put) now has $197.86 billion valuation. The stock decreased 6.20% or $2.13 during the last trading session, reaching $32.22. About 193.82 million shares traded or 559.57% up from the average. AT&T Inc. (NYSE:T) has declined 14.96% since June 13, 2017 and is downtrending. It has underperformed by 27.53% the S&P500. Some Historical T News: ; 08/03/2018 – #BreakingNews Sources tell me that DOJ and AT&T are scheduled to release trial briefs on Friday as part of government’s attempt to prevent the AT&T-Time Warner merger. Trial briefs will lay out both cases before the official trial begins on March 19; 11/05/2018 – Noah Shachtman: EXCLUSIVE … It wasn’t just Cohen. AT&T looked to enlist other Trump allies for totally-not-shady consulting; 25/05/2018 – T-Mobile says ex-Trump campaign manager advising on Sprint merger; 22/03/2018 – WV MetroSources: WV Department of Ag takes part in AT&T distracted driving campaign; 07/03/2018 – VRIO CORP SAYS PROPOSED IPO PRICE IS AN ESTIMATE SOLELY FOR CALCULATING SEC REGISTRATION FEE; 12/04/2018 – AT&T AUDIENCE Network Orders Another Round of the Critically Acclaimed Original Comedy Series “Loudermilk”; 11/05/2018 – Dealbook: AT&T’s C.E.O. Regretted Paying Michael Cohen: DealBook Briefing; 15/05/2018 – AT&T INC – EXPECTS ITS MEXICO OPERATIONS TO BE PROFITABLE BY END OF 2018; 26/03/2018 – Hartford Dividend & Growth HLS Adds AT&T, Cuts J&J; 09/05/2018 – AT&T SAYS COOPERATED WITH SPECIAL COUNSEL MUELLER REGARDING TRUMP LAWYER MICHAEL COHEN IN NOVEMBER AND DECEMBER 2017

Timessquare Capital Management Llc increased Rbc Bearings Inc (ROLL) stake by 45.31% reported in 2018Q1 SEC filing. Timessquare Capital Management Llc acquired 105,910 shares as Rbc Bearings Inc (ROLL)’s stock declined 2.43%. The Timessquare Capital Management Llc holds 339,668 shares with $42.19M value, up from 233,758 last quarter. Rbc Bearings Inc now has $3.14B valuation. The stock increased 0.84% or $1.09 during the last trading session, reaching $130.38. About 62,014 shares traded. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 23.27% since June 13, 2017 and is uptrending. It has outperformed by 10.70% the S&P500. Some Historical ROLL News: ; 22/03/2018 – RBC Bearings Closes Below 50-Day Moving Average: Technicals; 30/05/2018 – RBC Bearings Fourth-Quarter Profit Rises 24%; 30/05/2018 – RBC BEARINGS INC – BACKLOG, AS OF MARCH 31, 2018, WAS $392.1 MLN COMPARED TO $354.1 MLN AS OF APRIL 1, 2017; 02/05/2018 – Wells Fargo Advisors LLC Exits Position in RBC Bearings; 21/03/2018 Investor Expectations to Drive Momentum within JELD-WEN Holding, Nathan’s Famous, Aerie Pharmaceuticals, RBC Bearings, Malibu B; 19/04/2018 – DJ RBC Bearings Incorporated, Inst Holders, 1Q 2018 (ROLL)

Analysts await AT&T Inc. (NYSE:T) to report earnings on July, 24. They expect $0.89 earnings per share, up 12.66% or $0.10 from last year’s $0.79 per share. T’s profit will be $5.47 billion for 9.05 P/E if the $0.89 EPS becomes a reality. After $0.85 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts 4.71% EPS growth.

Among 33 analysts covering AT&T Inc. (NYSE:T), 12 have Buy rating, 1 Sell and 20 Hold. Therefore 36% are positive. AT&T Inc. had 84 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Thursday, February 1 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Friday, July 7. The rating was initiated by DA Davidson with “Buy” on Thursday, February 4. The company was maintained on Thursday, April 7 by Jefferies. The rating was downgraded by Buckingham Research to “Neutral” on Friday, June 24. FBR Capital maintained it with “Mkt Perform” rating and $38 target in Friday, July 24 report. As per Monday, July 27, the company rating was reinitiated by Goldman Sachs. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, April 13. The firm earned “Buy” rating on Tuesday, November 21 by Nomura. Barclays Capital maintained the shares of T in report on Monday, April 18 with “Overweight” rating.

Investors sentiment increased to 0.92 in Q1 2018. Its up 0.01, from 0.91 in 2017Q4. It improved, as 76 investors sold T shares while 695 reduced holdings. 122 funds opened positions while 585 raised stakes. 3.08 billion shares or 0.35% less from 3.09 billion shares in 2017Q4 were reported. Amp Investors holds 2.02M shares. Indexiq Advsr Ltd Liability Com has invested 0.14% of its portfolio in AT&T Inc. (NYSE:T). Van Strum & Towne Inc stated it has 8,614 shares. Valmark Advisers owns 26,905 shares. 147,225 were reported by Beese Fulmer Inv Mngmt. Moreover, Opus Inv Mgmt Inc has 1.03% invested in AT&T Inc. (NYSE:T) for 158,000 shares. Management Professionals Incorporated invested in 0.12% or 6,605 shares. Old National Financial Bank In owns 140,546 shares. Wellington Shields Management Limited Liability reported 166,232 shares stake. Gotham Asset Mgmt Limited Liability Corp has 0.33% invested in AT&T Inc. (NYSE:T) for 662,313 shares. Ckw Gp invested 0.02% of its portfolio in AT&T Inc. (NYSE:T). Tower Research Cap Lc (Trc) reported 0% of its portfolio in AT&T Inc. (NYSE:T). Factory Mutual Insur holds 2.11M shares or 0.82% of its portfolio. Pinebridge Investments Limited Partnership, a New York-based fund reported 901,309 shares. Cadence Cap Mngmt Ltd Liability Corporation invested in 0.77% or 333,671 shares.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “AT&T: Don’t Delay” on June 13, 2018, also Seekingalpha.com with their article: “AT&T: Ignore The Noise, Follow The Fundamentals” published on June 09, 2018, Seekingalpha.com published: “Vanity Fair: Zucker staying at CNN through ’20 election” on June 13, 2018. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “Headlines Don’t Determine Stock Prices – Cramer’s Mad Money (6/12/18)” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Verizon: We Don’t Know About Vestberg, But Dividend Remains Well Covered” with publication date: June 12, 2018.

Alpine Associates Management Inc increased Akorn Inc (NASDAQ:AKRX) stake by 131,200 shares to 487,600 valued at $9.12M in 2018Q1. It also upped Time Warner Inc (NYSE:TWX) stake by 1.42M shares and now owns 1.89 million shares. Nxp Semiconductors N V (NASDAQ:NXPI) was raised too.

More notable recent RBC Bearings Incorporated (NASDAQ:ROLL) news were published by: Benzinga.com which released: “RBC Bearings Q4 Earnings Outlook” on May 29, 2018, also Gurufocus.com with their article: “Rbc Bearings Inc (ROLL) President and CEO Michael J Hartnett Sold $13.5 million of Shares” published on June 05, 2018, Fool.com published: “RBC Bearings (ROLL) Q4 2018 Earnings Conference Call Transcript” on May 31, 2018. More interesting news about RBC Bearings Incorporated (NASDAQ:ROLL) were released by: Businesswire.com and their article: “RBC Bearings Incorporated Announces Fiscal 2018 Fourth Quarter Results” published on May 30, 2018 as well as Businesswire.com‘s news article titled: “RBC Bearings to Participate in the William Blair 38” with publication date: May 26, 2018.

Investors sentiment decreased to 1.26 in 2018 Q1. Its down 0.32, from 1.58 in 2017Q4. It dropped, as 14 investors sold ROLL shares while 54 reduced holdings. 28 funds opened positions while 58 raised stakes. 23.26 million shares or 1.35% less from 23.58 million shares in 2017Q4 were reported. Congress Asset Management Ma owns 31,989 shares for 0.06% of their portfolio. Sg Americas Securities Ltd Llc invested in 0% or 3,510 shares. Bokf Na holds 0.02% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL) for 5,818 shares. Ameritas Investment Partners invested in 1,959 shares. Hancock Hldgs Commerce holds 11,156 shares. California State Teachers Retirement reported 35,633 shares or 0.01% of all its holdings. Invesco Limited invested in 27,117 shares. Captrust holds 0% in RBC Bearings Incorporated (NASDAQ:ROLL) or 16 shares. Strs Ohio holds 1,900 shares or 0% of its portfolio. Bb&T Securities Ltd Com reported 11,439 shares stake. Optimum Advsr holds 0% or 58 shares. Eulav Asset Mgmt has 0.31% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Northern has 0.01% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 304,610 shares. Rafferty Asset Limited Liability Corporation holds 7,656 shares. Shine Investment Advisory Services stated it has 0.01% of its portfolio in RBC Bearings Incorporated (NASDAQ:ROLL).

Timessquare Capital Management Llc decreased Ametek Inc (NYSE:AME) stake by 108,280 shares to 1.11 million valued at $84.35M in 2018Q1. It also reduced Chegg Inc (NYSE:CHGG) stake by 360,430 shares and now owns 2.75 million shares. Atlassian Corporation Plc was reduced too.

Since February 14, 2018, it had 0 insider buys, and 9 selling transactions for $24.38 million activity. On Friday, March 9 the insider HARTNETT MICHAEL J sold $3.51M. 4,500 shares were sold by Faghri Amir, worth $563,890. LEVINE ALAN B sold $566,930 worth of stock or 4,900 shares. Bannon Patrick S. also sold $55,428 worth of RBC Bearings Incorporated (NASDAQ:ROLL) on Thursday, March 8. Shares for $624,590 were sold by Crainer Thomas C.

Among 9 analysts covering RBC Bearings (NASDAQ:ROLL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. RBC Bearings had 11 analyst reports since September 22, 2015 according to SRatingsIntel. As per Friday, September 15, the company rating was maintained by KeyBanc Capital Markets. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Buy” rating given on Wednesday, November 8 by Bank of America. The company was initiated on Wednesday, November 29 by C.L. King. On Friday, November 6 the stock rating was downgraded by Seaport Global Securities to “Accumulate”. The stock has “Hold” rating by TheStreet on Tuesday, September 22. Seaport Global Securities downgraded RBC Bearings Incorporated (NASDAQ:ROLL) on Friday, October 14 to “Neutral” rating. Avondale maintained it with “Market Outperform” rating and $80 target in Monday, March 21 report. The rating was downgraded by KeyBanc Capital Markets on Tuesday, August 9 to “Sector Weight”. The rating was upgraded by Global Hunter Securities on Monday, September 28 to “Buy”.

RBC Bearings Incorporated (NASDAQ:ROLL) Institutional Positions Chart

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