Steadfast Capital Management LP Has Lowered Its Novagold Res (NG) Position, 11 Analysts Bullish Acuity Brands, Inc. (AYI)

June 20, 2017 - By Kurt Siggers

Steadfast Capital Management Lp decreased Novagold Res Inc (NG) stake by 17.24% reported in 2016Q4 SEC filing. Steadfast Capital Management Lp sold 1.29M shares as Novagold Res Inc (NG)’s stock declined 30.30%. The Steadfast Capital Management Lp holds 6.17M shares with $28.13 million value, down from 7.45 million last quarter. Novagold Res Inc now has $1.34 billion valuation. The stock rose 4.61% or $0.18 reaching $4.2. About 1.13M shares traded. NovaGold Resources Inc. (USA) (NYSEMKT:NG) has declined 29.36% since June 20, 2016 and is downtrending. It has underperformed by 46.06% the S&P500.

Among 17 analysts covering Acuity Brands Inc. (NYSE:AYI), 11 have Buy rating, 3 Sell and 3 Hold. Therefore 65% are positive. Acuity Brands Inc. had 34 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Acuity Brands, Inc. (NYSE:AYI) has “Outperform” rating given on Monday, October 31 by Wells Fargo. The rating was upgraded by CLSA on Tuesday, January 10 to “Buy”. The firm has “Outperform” rating by Oppenheimer given on Tuesday, December 1. As per Monday, January 11, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Friday, September 23 by Canaccord Genuity. On Monday, November 30 the stock rating was maintained by Canaccord Genuity with “Buy”. Canaccord Genuity maintained the shares of AYI in report on Monday, January 11 with “Buy” rating. The stock has “Buy” rating by Credit Agricole on Thursday, February 25. As per Friday, November 4, the company rating was initiated by Seaport Global. Oppenheimer maintained Acuity Brands, Inc. (NYSE:AYI) on Friday, February 12 with “Outperform” rating. See Acuity Brands, Inc. (NYSE:AYI) latest ratings:

11/04/2017 Broker: Guggenheim Rating: Neutral New Target: $181.00 Initiate
07/04/2017 Broker: JMP Securities Rating: Underperform Old Target: $185.00 New Target: $155.00 Target Down
07/04/2017 Broker: Oppenheimer Rating: Outperform Old Target: $265.00 New Target: $215.00 Target Down
07/04/2017 Broker: Robert W. Baird Rating: Outperform Old Target: $242.00 New Target: $200.00 Target Down
05/04/2017 Broker: Canaccord Genuity Rating: Buy Old Target: $240.00 New Target: $209.00 Maintain
05/04/2017 Broker: Goldman Sachs Old Rating: Buy New Rating: Neutral Downgrade
03/04/2017 Broker: Roth Capital Rating: Sell New Target: $150.00 Maintain
27/01/2017 Broker: TH Capital Old Rating: Neutral New Rating: Sell Downgrade
27/01/2017 Broker: Roth Capital Old Rating: Neutral New Rating: Sell Downgrade
10/01/2017 Broker: CLSA Old Rating: Outperform New Rating: Buy Upgrade

Steadfast Capital Management Lp increased Alphabet Inc stake by 71,118 shares to 119,643 valued at $92.34M in 2016Q4. It also upped Wix Com Ltd (NASDAQ:WIX) stake by 167,419 shares and now owns 3.67M shares. Rice Energy Inc (NYSE:RICE) was raised too.

Analysts await NovaGold Resources Inc. (USA) (NYSEMKT:NG) to report earnings on June, 26.

Acuity Brands, Inc. is a provider of lighting solutions for commercial, institutional, industrial, infrastructure and residential applications throughout North America and other international markets. The company has market cap of $7.84 billion. The Firm operates through North American segment. It has a 25.29 P/E ratio. The Firm offers a portfolio of indoor and outdoor lighting and building management solutions for commercial, institutional, industrial, infrastructure and residential applications.

About 203,934 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since June 20, 2016 and is downtrending. It has underperformed by 47.88% the S&P500.

Investors sentiment increased to 1.12 in Q4 2016. Its up 0.20, from 0.92 in 2016Q3. It improved, as 50 investors sold Acuity Brands, Inc. shares while 145 reduced holdings. 63 funds opened positions while 155 raised stakes. 40.78 million shares or 4.08% more from 39.19 million shares in 2016Q3 were reported. Roosevelt Inv Grp accumulated 45,602 shares or 0.93% of the stock. Regions Fincl, a Alabama-based fund reported 1,770 shares. Riverhead Capital Management Limited Liability Company owns 1,189 shares. Pillar Pacific Capital Mngmt Limited Liability Company owns 0.06% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,700 shares. Credit Suisse Ag reported 137,921 shares. Pacific Inv Mngmt reported 0.06% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Liberty Mutual Gru Asset Management Inc invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Ny State Teachers Retirement Systems reported 80,763 shares or 0.05% of all its holdings. State Treasurer State Of Michigan holds 0.03% or 14,400 shares in its portfolio. 50,640 are held by Raymond James And Assocs. Cibc Markets Corporation stated it has 0.01% in Acuity Brands, Inc. (NYSE:AYI). Washington-based Cornerstone Advsr Inc has invested 0.02% in Acuity Brands, Inc. (NYSE:AYI). Eaton Vance Mgmt invested in 32,830 shares or 0.02% of the stock. Susquehanna International Gp Llp accumulated 6,125 shares. Point72 Asset Mgmt Ltd Partnership reported 216,700 shares.

Since February 7, 2017, it had 0 insider buys, and 1 sale for $226,809 activity. ROBINSON RAY M had sold 1,100 shares worth $226,809 on Tuesday, February 7.

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