Visa Com Cl A (V) Holding Boosted by Catawba Capital Management; Cibc Asset Management Lifted Its Position in Encana (ECA) by $72.26 Million

February 20, 2018 - By Migdalia James

Cibc Asset Management Inc increased its stake in Encana Corp (ECA) by 99.9% based on its latest 2017Q3 regulatory filing with the SEC. Cibc Asset Management Inc bought 6.57 million shares as the company’s stock declined 8.34% while stock markets rallied. The institutional investor held 13.14M shares of the oil & gas production company at the end of 2017Q3, valued at $154.35M, up from 6.58M at the end of the previous reported quarter. Cibc Asset Management Inc who had been investing in Encana Corp for a number of months, seems to be bullish on the $10.40 billion market cap company. The stock decreased 1.59% or $0.175 during the last trading session, reaching $10.835. About 7.27M shares traded. Encana Corporation (NYSE:ECA) has risen 50.13% since February 20, 2017 and is uptrending. It has outperformed by 33.43% the S&P500.

Catawba Capital Management increased its stake in Visa Inc Com Cl A (V) by 27.05% based on its latest 2017Q3 regulatory filing with the SEC. Catawba Capital Management bought 4,320 shares as the company’s stock rose 5.74% with the market. The institutional investor held 20,290 shares of the business services company at the end of 2017Q3, valued at $2.14 million, up from 15,970 at the end of the previous reported quarter. Catawba Capital Management who had been investing in Visa Inc Com Cl A for a number of months, seems to be bullish on the $274.64B market cap company. The stock decreased 0.13% or $0.163 during the last trading session, reaching $121.687. About 4.68M shares traded. Visa Inc. (NYSE:V) has risen 20.29% since February 20, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Among 28 analysts covering Encana Corporation (NYSE:ECA), 25 have Buy rating, 1 Sell and 2 Hold. Therefore 89% are positive. Encana Corporation had 123 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, November 23 the stock rating was upgraded by Evercore to “Buy”. The stock of Encana Corporation (NYSE:ECA) has “Underperform” rating given on Thursday, February 25 by IBC. On Monday, September 12 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. Canaccord Genuity maintained Encana Corporation (NYSE:ECA) rating on Wednesday, August 16. Canaccord Genuity has “Buy” rating and $11.5 target. FirstEnergy Capital downgraded the shares of ECA in report on Tuesday, October 13 to “Market Perform” rating. The firm has “Overweight” rating given on Wednesday, October 25 by Barclays Capital. The stock of Encana Corporation (NYSE:ECA) earned “Buy” rating by Canaccord Genuity on Tuesday, June 20. The rating was maintained by Jefferies with “Buy” on Tuesday, January 30. The rating was maintained by Barclays Capital with “Equal-Weight” on Tuesday, September 8. RBC Capital Markets maintained it with “Buy” rating and $1400 target in Monday, May 29 report.

Cibc Asset Management Inc, which manages about $15.98 billion US Long portfolio, decreased its stake in Autozone Inc (NYSE:AZO) by 2,257 shares to 3,958 shares, valued at $2.36 million in 2017Q3, according to the filing. It also reduced its holding in American Express Co (NYSE:AXP) by 9,542 shares in the quarter, leaving it with 95,427 shares, and cut its stake in Rogers Communications Inc (NYSE:RCI).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.13, from 1.13 in 2017Q2. It turned negative, as 48 investors sold V shares while 617 reduced holdings. 142 funds opened positions while 524 raised stakes. 1.64 billion shares or 1.45% less from 1.66 billion shares in 2017Q2 were reported. Beaumont Financial Prns Limited Liability Corp reported 1.87% in Visa Inc. (NYSE:V). Virginia-based Evermay Wealth Mngmt Limited has invested 0.12% in Visa Inc. (NYSE:V). Wealthcare Capital Mngmt Ltd Limited Liability Company reported 12 shares stake. Acadian Asset Mngmt Ltd Limited Liability Company invested in 89,140 shares. Ngam Advisors LP owns 1.49M shares for 1.66% of their portfolio. Gabelli Funds Lc invested 0.16% in Visa Inc. (NYSE:V). Wade G W Inc invested in 0.1% or 7,483 shares. Pr Herzig & Communications reported 8,400 shares. Lloyds Banking Grp Public Ltd Company reported 2,835 shares. Haverford Trust Company holds 0.01% or 4,492 shares in its portfolio. Moreover, Agf Invs Incorporated has 0.31% invested in Visa Inc. (NYSE:V) for 265,590 shares. Albion Grp Ut reported 92,404 shares stake. Chicago Equity Prtnrs Llc owns 100,365 shares. Tiger Eye Cap Limited Liability Com accumulated 263,465 shares or 4.11% of the stock. Robecosam Ag invested 0.07% of its portfolio in Visa Inc. (NYSE:V).

Among 42 analysts covering Visa Inc. (NYSE:V), 34 have Buy rating, 0 Sell and 8 Hold. Therefore 81% are positive. Visa Inc. had 125 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained it with “Buy” rating and $107.0 target in Wednesday, October 11 report. The firm has “Outperform” rating by RBC Capital Markets given on Friday, April 21. The company was downgraded on Thursday, February 11 by Bank of America. The rating was maintained by Oppenheimer with “Buy” on Monday, July 17. UBS maintained Visa Inc. (NYSE:V) rating on Tuesday, October 25. UBS has “Buy” rating and $97 target. Mizuho maintained the stock with “Buy” rating in Friday, February 2 report. The stock of Visa Inc. (NYSE:V) has “Outperform” rating given on Monday, October 19 by Oppenheimer. The firm has “Buy” rating given on Friday, July 21 by UBS. RBC Capital Markets maintained Visa Inc. (NYSE:V) on Friday, July 24 with “Outperform” rating. The stock of Visa Inc. (NYSE:V) has “Buy” rating given on Tuesday, August 22 by Robert W. Baird.

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