Bank Amer (BAC) Holder Js Capital Management Lifted Its Holding; As Carrizo Oil & Gas (CRZO) Stock Value Declined, Geosphere Capital Management Trimmed Holding by $345,366

May 18, 2018 - By Peter Erickson

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Arvind Sanger decreased its stake in Carrizo Oil & Gas Inc (CRZO) by 11.63% based on its latest 2017Q4 regulatory filing with the SEC. Geosphere Capital Management sold 16,446 shares as the company’s stock declined 27.88% with the market. The hedge fund run by Arvind Sanger held 125,000 shares of the energy company at the end of 2017Q4, valued at $2.66 million, down from 141,446 at the end of the previous reported quarter. Geosphere Capital Management who had been investing in Carrizo Oil & Gas Inc for a number of months, seems to be less bullish one the $2.24 billion market cap company. The stock increased 4.99% or $1.3 during the last trading session, reaching $27.33. About 4.08 million shares traded or 13.46% up from the average. Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) has declined 43.10% since May 18, 2017 and is downtrending. It has underperformed by 54.65% the S&P500.

Jonathan Soros increased its stake in Bank Amer Corp (BAC) by 6.92% based on its latest 2017Q4 regulatory filing with the SEC. Js Capital Management Llc bought 50,000 shares as the company’s stock declined 1.20% with the market. The hedge fund run by Jonathan Soros held 772,300 shares of the major banks company at the end of 2017Q4, valued at $22.80M, up from 722,300 at the end of the previous reported quarter. Js Capital Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $312.40B market cap company. The stock decreased 0.80% or $0.25 during the last trading session, reaching $30.81. About 45.98M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 18, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Investors sentiment increased to 1.19 in 2017 Q4. Its up 0.15, from 1.04 in 2017Q3. It improved, as 66 investors sold BAC shares while 561 reduced holdings. 162 funds opened positions while 585 raised stakes. 6.85 billion shares or 0.98% less from 6.91 billion shares in 2017Q3 were reported. Highlander Capital Limited Liability Corporation invested 1.48% of its portfolio in Bank of America Corporation (NYSE:BAC). Clal Enterprises Hldg stated it has 1.4% in Bank of America Corporation (NYSE:BAC). Tortoise Mgmt Llc holds 0.04% of its portfolio in Bank of America Corporation (NYSE:BAC) for 5,033 shares. Aureus Asset Ltd Llc holds 10,798 shares. Benjamin F Edwards & owns 35,372 shares or 0.11% of their US portfolio. California-based First Pacific Advsrs Ltd Llc has invested 5.06% in Bank of America Corporation (NYSE:BAC). Doheny Asset Management Ca accumulated 2.22% or 161,270 shares. The Oregon-based M Hldgs Incorporated has invested 0.54% in Bank of America Corporation (NYSE:BAC). First State Bank Sioux Falls owns 14,986 shares or 1.46% of their US portfolio. Gillespie Robinson & Grimm invested in 1.08M shares or 4.03% of the stock. Howland Management Lc has invested 0.03% of its portfolio in Bank of America Corporation (NYSE:BAC). Leisure Management reported 12,148 shares. The Pennsylvania-based Orrstown Fincl Svcs Incorporated has invested 0.06% in Bank of America Corporation (NYSE:BAC). Iberiabank invested in 0.28% or 59,957 shares. Delta Asset Mgmt Limited Liability Tn stated it has 0.05% of its portfolio in Bank of America Corporation (NYSE:BAC).

Js Capital Management Llc, which manages about $206.96 million US Long portfolio, decreased its stake in Symantec Corp (NASDAQ:SYMC) by 375,000 shares to 25,000 shares, valued at $702,000 in 2017Q4, according to the filing.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Robert W. Baird maintained Bank of America Corporation (NYSE:BAC) rating on Friday, September 29. Robert W. Baird has “Hold” rating and $24.0 target. The firm earned “Neutral” rating on Wednesday, November 16 by Robert W. Baird. The rating was maintained by BMO Capital Markets on Monday, October 16 with “Market Perform”. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, October 7 by Jefferies. As per Tuesday, August 25, the company rating was maintained by Deutsche Bank. Standpoint Research downgraded Bank of America Corporation (NYSE:BAC) on Thursday, December 1 to “Hold” rating. The company was maintained on Tuesday, October 3 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Monday, October 16 by Nomura. The stock has “Buy” rating by Jefferies on Tuesday, June 6. Wells Fargo maintained the stock with “Outperform” rating in Thursday, August 10 report.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “Trade of the Day: Bank of America Corp Is Getting Back on Its Feet for a Trade” on May 10, 2018, also Seekingalpha.com with their article: “Bank of America affirms gun pledge” published on May 11, 2018, Seekingalpha.com published: “Bank Of America: This 6.00% Preferred Stock Has Begun Trading On The NYSE” on May 17, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Bizjournals.com and their article: “Growth plans: Both big and small banks set to expand locally” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: Don’t Let $30 Slip Away” with publication date: May 13, 2018.

Since December 15, 2017, it had 0 insider purchases, and 15 sales for $3.48 million activity. Smith Richard H had sold 8,763 shares worth $129,982. FISHER JOHN BRADLEY had sold 22,292 shares worth $330,662 on Friday, March 9. 11,174 Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) shares with value of $168,460 were sold by MORTON GERALD A. 839 shares were sold by Conaway Gregory F, worth $14,683 on Thursday, April 5. On Friday, March 9 Pitts David L. sold $194,722 worth of Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) or 13,128 shares.

Among 31 analysts covering Carrizo Oil & Gas Inc. (NASDAQ:CRZO), 19 have Buy rating, 0 Sell and 12 Hold. Therefore 61% are positive. Carrizo Oil & Gas Inc. had 127 analyst reports since July 21, 2015 according to SRatingsIntel. Seaport Global upgraded the stock to “Buy” rating in Tuesday, December 19 report. The firm earned “Buy” rating on Friday, June 17 by Stifel Nicolaus. The rating was maintained by Piper Jaffray with “Hold” on Thursday, October 12. The firm has “Buy” rating given on Friday, March 31 by Seaport Global. As per Tuesday, October 10, the company rating was maintained by BMO Capital Markets. The rating was maintained by Mizuho on Tuesday, November 21 with “Hold”. The company was maintained on Wednesday, October 19 by Imperial Capital. The rating was maintained by KeyBanc Capital Markets on Sunday, January 21 with “Buy”. The firm has “Buy” rating given on Tuesday, January 19 by KLR Group. The firm earned “Neutral” rating on Thursday, October 6 by Mizuho.

Another recent and important Carrizo Oil & Gas, Inc. (NASDAQ:CRZO) news was published by Seekingalpha.com which published an article titled: “Carrizo Oil & Gas (CRZO) Presents At 2nd Annual Energy Executive Summit – Slideshow” on May 17, 2018.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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