Act Ii Management LP Decreased Its Stake in Echostar (SATS) by $1.60 Million; Woodley Farra Manion Portfolio Management Boosted Its Position in Suntrust Bks (STI) by $5.03 Million

May 22, 2018 - By Vivian Park

EchoStar Corporation (NASDAQ:SATS) Logo

Dennis Leibowitz decreased its stake in Echostar Corp (SATS) by 41.41% based on its latest 2017Q4 regulatory filing with the SEC. Act Ii Management Lp sold 27,092 shares as the company’s stock declined 10.02% with the market. The hedge fund run by Dennis Leibowitz held 38,329 shares of the radio and television broadcasting and communications equipment company at the end of 2017Q4, valued at $2.30M, down from 65,421 at the end of the previous reported quarter. Act Ii Management Lp who had been investing in Echostar Corp for a number of months, seems to be less bullish one the $4.83 billion market cap company. The stock decreased 0.22% or $0.11 during the last trading session, reaching $50.29. About 28,893 shares traded. EchoStar Corporation (NASDAQ:SATS) has declined 2.91% since May 22, 2017 and is downtrending. It has underperformed by 14.46% the S&P500.

Woodley Farra Manion Portfolio Management Inc increased its stake in Suntrust Bks Inc (STI) by 392.73% based on its latest 2017Q4 regulatory filing with the SEC. Woodley Farra Manion Portfolio Management Inc bought 78,546 shares as the company’s stock rose 1.41% while stock markets declined. The institutional investor held 98,546 shares of the finance company at the end of 2017Q4, valued at $6.37 million, up from 20,000 at the end of the previous reported quarter. Woodley Farra Manion Portfolio Management Inc who had been investing in Suntrust Bks Inc for a number of months, seems to be bullish on the $31.92B market cap company. The stock decreased 0.12% or $0.08 during the last trading session, reaching $68.67. About 109,505 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 22.73% since May 22, 2017 and is uptrending. It has outperformed by 11.18% the S&P500.

Since January 23, 2018, it had 0 insider purchases, and 4 sales for $807,378 activity. Shares for $243,036 were sold by RAYNER DAVID on Monday, February 26.

Analysts await EchoStar Corporation (NASDAQ:SATS) to report earnings on August, 8. They expect $0.19 earnings per share, up 171.43% or $0.12 from last year’s $0.07 per share. SATS’s profit will be $18.26M for 66.17 P/E if the $0.19 EPS becomes a reality. After $0.16 actual earnings per share reported by EchoStar Corporation for the previous quarter, Wall Street now forecasts 18.75% EPS growth.

Among 3 analysts covering Echostar (NASDAQ:SATS), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Echostar had 6 analyst reports since August 12, 2015 according to SRatingsIntel. Jefferies maintained EchoStar Corporation (NASDAQ:SATS) on Friday, December 1 with “Hold” rating. The firm earned “Buy” rating on Wednesday, August 17 by Citigroup. The stock of EchoStar Corporation (NASDAQ:SATS) has “Strong Buy” rating given on Friday, May 11 by Raymond James. Citigroup maintained EchoStar Corporation (NASDAQ:SATS) on Monday, February 26 with “Buy” rating. The stock of EchoStar Corporation (NASDAQ:SATS) has “Strong Sell” rating given on Wednesday, August 12 by Zacks.

More recent EchoStar Corporation (NASDAQ:SATS) news were published by: Globenewswire.com which released: “Market Trends Toward New Normal in Sonic, MDU Resources Group, National Beverage, Spire, EchoStar, and Tabula …” on April 24, 2018. Also Seekingalpha.com published the news titled: “EchoStar’s (SATS) CEO Michael Dugan on Q1 2018 Results – Earnings Call Transcript” on May 10, 2018. Prnewswire.com‘s news article titled: “HughesNet® and 4-H Introduce STEM Lab to Inspire Next Generation of Science and Tech Leaders” with publication date: May 22, 2018 was also an interesting one.

Act Ii Management Lp, which manages about $484.22M and $155.01 million US Long portfolio, upped its stake in T Mobile Us Inc (NYSE:TMUS) by 5,000 shares to 124,231 shares, valued at $7.89M in 2017Q4, according to the filing. It also increased its holding in Amc Entmt Hldgs Inc (NYSE:AMC) by 50,500 shares in the quarter, for a total of 254,662 shares, and has risen its stake in Gray Television Inc (NYSE:GTN).

Investors sentiment increased to 1.62 in Q4 2017. Its up 0.52, from 1.1 in 2017Q3. It improved, as 13 investors sold SATS shares while 47 reduced holdings. 34 funds opened positions while 63 raised stakes. 42.07 million shares or 0.77% less from 42.39 million shares in 2017Q3 were reported. Point72 Asia (Hong Kong) has invested 0% in EchoStar Corporation (NASDAQ:SATS). Bbva Compass Bank invested 0.06% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Fifth Third State Bank invested in 15,641 shares. Pacad Inv Limited reported 300 shares. Act Ii Lp invested in 38,329 shares or 1.48% of the stock. 8,644 were reported by Cubist Systematic Strategies Lc. Parametric Port Associates Ltd, Washington-based fund reported 97,121 shares. Minnesota-based Walleye Trading Limited Liability Corp has invested 0% in EchoStar Corporation (NASDAQ:SATS). Moreover, Ny State Common Retirement Fund has 0.01% invested in EchoStar Corporation (NASDAQ:SATS). 53,034 are held by State Board Of Administration Of Florida Retirement Sys. Eagle Cap Ltd Liability Company stated it has 0% in EchoStar Corporation (NASDAQ:SATS). Cibc Asset Mngmt Inc invested 0% of its portfolio in EchoStar Corporation (NASDAQ:SATS). Fny Managed Accounts Ltd Com reported 0.03% stake. First Manhattan Communications owns 1,000 shares or 0% of their US portfolio. Prelude Capital Limited Liability owns 0.02% invested in EchoStar Corporation (NASDAQ:SATS) for 3,310 shares.

Among 35 analysts covering Suntrust Banks Inc. (NYSE:STI), 16 have Buy rating, 0 Sell and 19 Hold. Therefore 46% are positive. Suntrust Banks Inc. had 118 analyst reports since July 20, 2015 according to SRatingsIntel. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Thursday, August 3 report. Robert W. Baird maintained the stock with “Hold” rating in Friday, August 25 report. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Macquarie Research on Tuesday, October 20. The rating was maintained by Piper Jaffray with “Buy” on Monday, October 2. The stock of SunTrust Banks, Inc. (NYSE:STI) has “Neutral” rating given on Thursday, October 8 by Guggenheim. BMO Capital Markets maintained the shares of STI in report on Monday, December 18 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Monday, January 8. As per Thursday, June 8, the company rating was maintained by Jefferies. The firm has “Outperform” rating given on Monday, January 23 by FBR Capital. As per Friday, July 7, the company rating was maintained by BMO Capital Markets.

Investors sentiment increased to 1.09 in 2017 Q4. Its up 0.18, from 0.91 in 2017Q3. It improved, as 38 investors sold STI shares while 239 reduced holdings. 100 funds opened positions while 202 raised stakes. 381.57 million shares or 1.65% more from 375.36 million shares in 2017Q3 were reported. Parkwood Limited Liability Com accumulated 3,326 shares. Public Employees Retirement Sys Of Ohio stated it has 0.07% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). 9,907 were accumulated by Park Oh. Gyroscope Group Ltd Co holds 0.17% or 5,622 shares in its portfolio. New York-based Art Advisors Lc has invested 0.12% in SunTrust Banks, Inc. (NYSE:STI). Menta Capital Limited Com reported 0.18% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Cibc Asset Mngmt has 0.02% invested in SunTrust Banks, Inc. (NYSE:STI) for 58,578 shares. Creative Planning owns 50,748 shares. Engineers Gate Manager LP reported 42,069 shares. Stifel Corp has 1.40 million shares. Rbf Cap Limited Liability Corp has invested 0.14% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Asset Mngmt One Com Ltd has 0.12% invested in SunTrust Banks, Inc. (NYSE:STI) for 824,170 shares. Moreover, C M Bidwell Associates Limited has 0.01% invested in SunTrust Banks, Inc. (NYSE:STI). Sequoia Advsrs Limited Com owns 3,285 shares or 0.02% of their US portfolio. Moreover, Amer Assets Invest Ltd Liability has 0.19% invested in SunTrust Banks, Inc. (NYSE:STI).

More news for SunTrust Banks, Inc. (NYSE:STI) were recently published by: Bizjournals.com, which released: “Growth plans: Both big and small banks set to expand locally” on April 26, 2018. Prnewswire.com‘s article titled: “SunTrust Mortgage: Kids Help Make the Pick in Half of Home Buying Decisions” and published on May 21, 2018 is yet another important article.

Since January 23, 2018, it had 2 buys, and 5 selling transactions for $1.53 million activity. 29,248 SunTrust Banks, Inc. (NYSE:STI) shares with value of $507,911 were sold by Lienhard Jerome T. Chancy Mark A sold 7,500 shares worth $525,975. 3,600 SunTrust Banks, Inc. (NYSE:STI) shares with value of $255,737 were sold by Johnson Susan S. Scanlan Agnes Bundy also sold $101,025 worth of SunTrust Banks, Inc. (NYSE:STI) shares. 1,000 shares valued at $69,010 were bought by SCRUGGS FRANK P JR on Wednesday, May 16.

SunTrust Banks, Inc. (NYSE:STI) Institutional Positions Chart

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