Bluestein R H & Company Has Boosted Its Microsoft (MSFT) Position by $871,335; As Bank Amer (BAC) Valuation Declined, Park Presidio Capital Boosted Position

May 24, 2018 - By Winifred Garcia

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Park Presidio Capital Llc increased its stake in Bank Amer Corp (BAC) by 166.67% based on its latest 2017Q4 regulatory filing with the SEC. Park Presidio Capital Llc bought 1.25 million shares as the company’s stock declined 1.20% with the market. The institutional investor held 2.00 million shares of the major banks company at the end of 2017Q4, valued at $59.04 million, up from 750,000 at the end of the previous reported quarter. Park Presidio Capital Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $306.11B market cap company. The stock decreased 0.82% or $0.25 during the last trading session, reaching $30.19. About 57.22 million shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 24, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Bluestein R H & Company increased its stake in Microsoft Corp (MSFT) by 2.31% based on its latest 2017Q4 regulatory filing with the SEC. Bluestein R H & Company bought 10,251 shares as the company’s stock rose 4.63% while stock markets declined. The hedge fund held 454,939 shares of the prepackaged software company at the end of 2017Q4, valued at $38.92M, up from 444,688 at the end of the previous reported quarter. Bluestein R H & Company who had been investing in Microsoft Corp for a number of months, seems to be bullish on the $755.34B market cap company. The stock decreased 0.35% or $0.35 during the last trading session, reaching $98.31. About 18.63 million shares traded. Microsoft Corporation (NASDAQ:MSFT) has risen 37.43% since May 24, 2017 and is uptrending. It has outperformed by 25.88% the S&P500.

Investors sentiment increased to 1.19 in Q4 2017. Its up 0.15, from 1.04 in 2017Q3. It increased, 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. Hanson Doremus Inv Mgmt owns 1,880 shares for 0.02% of their portfolio. Chemical Bank & Trust owns 65,659 shares for 0.21% of their portfolio. Sage Fincl Grp Incorporated owns 1,028 shares. Moreover, First Quadrant LP Ca has 0.44% invested in Bank of America Corporation (NYSE:BAC). Aureus Asset Management Limited holds 10,798 shares. Cognios Cap Limited Company owns 19,541 shares or 0.22% of their US portfolio. Westover Capital Advisors Limited Liability Company holds 0.5% or 31,033 shares. Sunbelt Secs Incorporated owns 27,342 shares. Moreover, Nokota Mgmt Lp has 2.31% invested in Bank of America Corporation (NYSE:BAC) for 4.08 million shares. Brave Asset Management Inc accumulated 54,787 shares. Interocean Capital Ltd Limited Liability Company reported 1.58% stake. 17,023 are held by Advisory Research Inc. Wedge L Lp Nc owns 1.66M shares. 10 invested in 120,589 shares or 0.85% of the stock. Moreover, First Retail Bank Communication Of Newtown has 0.37% invested in Bank of America Corporation (NYSE:BAC) for 46,678 shares.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Financial sector the winner today” on May 22, 2018, also Seekingalpha.com with their article: “Bank Of America: Time To Sell?” published on May 08, 2018, Bizjournals.com published: “Survey: Hispanic business owners more optimistic about their companies’ futures” on May 24, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Nasdaq.com and their article: “3 Top Bank Stocks to Buy Right Now” published on May 20, 2018 as well as Bizjournals.com‘s news article titled: “Banking Roundup: Wells Fargo hit by reports of altered documents… BofA rolls out AI assistant Erica” with publication date: May 23, 2018.

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. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Tuesday, August 25 by Deutsche Bank. The company was maintained on Monday, April 16 by Nomura. Keefe Bruyette & Woods maintained it with “Buy” rating and $2800 target in Sunday, August 13 report. The firm has “Neutral” rating by UBS given on Wednesday, August 26. As per Tuesday, October 6, the company rating was maintained by Oppenheimer. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, December 20 by Wells Fargo. The firm has “Hold” rating by Robert W. Baird given on Tuesday, January 2. Vetr downgraded Bank of America Corporation (NYSE:BAC) rating on Tuesday, August 11. Vetr has “Buy” rating and $18.59 target. The company was maintained on Friday, July 7 by Jefferies. The firm has “Buy” rating given on Friday, January 19 by Sandler O’Neill.

Bluestein R H & Company, which manages about $2.94 billion and $1.93B US Long portfolio, decreased its stake in Weyerhaeuser Co Reit (NYSE:WY) by 70,448 shares to 1.19 million shares, valued at $41.93 million in 2017Q4, according to the filing. It also reduced its holding in Facebook Inc Cl A (NASDAQ:FB) by 9,577 shares in the quarter, leaving it with 344,098 shares, and cut its stake in Edwards Lifesciences (NYSE:EW).

Since February 16, 2018, it had 0 insider purchases, and 3 insider sales for $930,912 activity.

Among 37 analysts covering Microsoft Corporation (NASDAQ:MSFT), 31 have Buy rating, 1 Sell and 5 Hold. Therefore 84% are positive. Microsoft Corporation had 185 analyst reports since July 22, 2015 according to SRatingsIntel. As per Thursday, January 25, the company rating was maintained by J.P. Morgan. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Hold” rating by Wunderlich on Wednesday, July 22. The rating was maintained by Credit Suisse on Tuesday, August 22 with “Buy”. The rating was maintained by Cowen & Co on Friday, January 26 with “Buy”. On Friday, December 8 the stock rating was maintained by UBS with “Buy”. The firm earned “Buy” rating on Thursday, August 13 by Stifel Nicolaus. UBS maintained Microsoft Corporation (NASDAQ:MSFT) on Friday, July 21 with “Buy” rating. The firm has “Buy” rating given on Friday, April 27 by UBS. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Buy” rating given on Monday, August 21 by Stifel Nicolaus. The stock has “Buy” rating by UBS on Monday, August 29.

More notable recent Microsoft Corporation (NASDAQ:MSFT) news were published by: Investorplace.com which released: “As the Scandal Fades, Facebook, Inc. Stock Still Is Bulletproof” on May 24, 2018, also Investorplace.com with their article: “New Google Chromebooks Are Designed to Invade the Business Market” published on May 24, 2018, Livetradingnews.com published: “Microsoft Corporation (NASDAQ:MSFT) Continuation of a Bullish Trend” on May 22, 2018. More interesting news about Microsoft Corporation (NASDAQ:MSFT) were released by: Nasdaq.com and their article: “Microsoft Corporation Replacing Surface Pro 4s in “Flickergate” Resolution” published on May 14, 2018 as well as 247Wallst.com‘s news article titled: “Microsoft Catches Amazon as Second Most Valuable Company” with publication date: April 25, 2018.

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

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