Busey Trust Company Raised Stake in Citigroup (C) by $3.72 Million as Market Value Rose; Berson & Corrado Investment Advisors Has Increased Teekay Tankers LTD Cl Af (TNK) Position by $360,875

January 23, 2018 - By Peter Erickson

Berson & Corrado Investment Advisors Llc increased its stake in Teekay Tankers Ltd Cl Af (TNK) by 84.49% based on its latest 2017Q3 regulatory filing with the SEC. Berson & Corrado Investment Advisors Llc bought 360,875 shares as the company’s stock declined 21.54% while stock markets rallied. The institutional investor held 787,988 shares of the marine transportation company at the end of 2017Q3, valued at $1.28 million, up from 427,113 at the end of the previous reported quarter. Berson & Corrado Investment Advisors Llc who had been investing in Teekay Tankers Ltd Cl Af for a number of months, seems to be bullish on the $359.61 million market cap company. The stock decreased 1.41% or $0.0192 during the last trading session, reaching $1.3408. About 669,150 shares traded. Teekay Tankers Ltd. (NYSE:TNK) has declined 45.94% since January 23, 2017 and is downtrending. It has underperformed by 62.64% the S&P500.

Busey Trust Company increased its stake in Citigroup Inc (C) by 25.47% based on its latest 2017Q3 regulatory filing with the SEC. Busey Trust Company bought 51,711 shares as the company’s stock rose 1.55% with the market. The institutional investor held 254,753 shares of the major banks company at the end of 2017Q3, valued at $18.53M, up from 203,042 at the end of the previous reported quarter. Busey Trust Company who had been investing in Citigroup Inc for a number of months, seems to be bullish on the $201.92B market cap company. The stock decreased 0.02% or $0.015 during the last trading session, reaching $78.575. About 8.20 million shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since January 23, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 9 analysts covering Teekay Tankers (NYSE:TNK), 4 have Buy rating, 1 Sell and 4 Hold. Therefore 44% are positive. Teekay Tankers had 16 analyst reports since September 4, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, December 8 by Credit Agricole. The rating was maintained by UBS on Thursday, October 22 with “Buy”. The rating was maintained by Bank of America on Friday, November 10 with “Underperform”. The stock has “Overweight” rating by Barclays Capital on Monday, January 11. On Tuesday, September 22 the stock rating was downgraded by Zacks to “Hold”. The stock has “Buy” rating by Seaport Global on Wednesday, May 4. The firm has “Underweight” rating given on Tuesday, January 12 by JP Morgan. On Friday, September 4 the stock rating was upgraded by UBS to “Buy”. The firm has “Buy” rating by Deutsche Bank given on Friday, November 6. The rating was downgraded by UBS on Tuesday, July 26 to “Neutral”.

Berson & Corrado Investment Advisors Llc, which manages about $396.59 million and $177.71M US Long portfolio, decreased its stake in Teekay Lng Partners Lp (NYSE:TGP) by 19,816 shares to 300,009 shares, valued at $5.34M in 2017Q3, according to the filing. It also reduced its holding in Spdr S&P 500 (SPY) by 1,365 shares in the quarter, leaving it with 5,345 shares, and cut its stake in Ishares Tr Msci Eafe Fd (EFA).

Investors sentiment decreased to 0.96 in Q3 2017. Its down 0.24, from 1.2 in 2017Q2. It worsened, as 15 investors sold TNK shares while 30 reduced holdings. 19 funds opened positions while 24 raised stakes. 50.49 million shares or 8.40% less from 55.11 million shares in 2017Q2 were reported. 38,208 were reported by Legal And General Grp Inc Plc. Moreover, Essex Finance Services has 0.01% invested in Teekay Tankers Ltd. (NYSE:TNK) for 14,723 shares. Bluecrest Capital Mngmt Limited has 0% invested in Teekay Tankers Ltd. (NYSE:TNK) for 15,152 shares. Blackrock holds 0% or 5.69M shares. Schroder Mngmt Gp invested 0% in Teekay Tankers Ltd. (NYSE:TNK). California Public Employees Retirement stated it has 120,900 shares or 0% of all its holdings. Loomis Sayles & LP holds 0% or 3,485 shares. Cna Fincl invested 0.14% of its portfolio in Teekay Tankers Ltd. (NYSE:TNK). Berson And Corrado Investment Advisors Limited Liability holds 0.72% or 787,988 shares. Morgan Stanley has 630,840 shares. Moreover, Evergreen Capital Management Ltd Liability Corporation has 0.04% invested in Teekay Tankers Ltd. (NYSE:TNK). Virtu Financial Limited Liability Corporation holds 0% or 76,116 shares in its portfolio. Financial Bank Of New York Mellon holds 0% or 367,147 shares. 5,000 are held by Oakworth Cap. Schwab Charles Inv owns 181,000 shares.

Busey Trust Company, which manages about $836.74M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 4,116 shares to 107,695 shares, valued at $18.40M in 2017Q3, according to the filing. It also reduced its holding in Cisco (NASDAQ:CSCO) by 69,329 shares in the quarter, leaving it with 127,552 shares, and cut its stake in General Dynamics Corp Com (NYSE:GD).

Since August 4, 2017, it had 0 buys, and 2 selling transactions for $3.05 million activity. WALSH JEFFREY R sold $344,870 worth of Citigroup Inc. (NYSE:C) on Friday, August 4.

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