As Ally Finl (ALLY) Share Value Declined, Glendon Capital Management LP Lowered Position; Crossvault Capital Management Stake in Nike B (NKE) Has Cut by $486,700 as Market Valuation Rose

April 24, 2018 - By Clifton Ray

NIKE, Inc. (NYSE:NKE) Logo

Glendon Capital Management Lp decreased its stake in Ally Finl Inc (ALLY) by 10.7% based on its latest 2017Q4 regulatory filing with the SEC. Glendon Capital Management Lp sold 185,200 shares as the company’s stock declined 10.36% with the market. The institutional investor held 1.55M shares of the consumer services company at the end of 2017Q4, valued at $45.05 million, down from 1.73 million at the end of the previous reported quarter. Glendon Capital Management Lp who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.37B market cap company. The stock increased 3.41% or $0.94 during the last trading session, reaching $28.54. About 1.20M shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 34.39% since April 24, 2017 and is uptrending. It has outperformed by 22.84% the S&P500.

Crossvault Capital Management Llc decreased its stake in Nike Inc B (NKE) by 11.3% based on its latest 2017Q4 regulatory filing with the SEC. Crossvault Capital Management Llc sold 7,850 shares as the company’s stock rose 4.55% while stock markets declined. The institutional investor held 61,619 shares of the consumer non-durables company at the end of 2017Q4, valued at $3.85 million, down from 69,469 at the end of the previous reported quarter. Crossvault Capital Management Llc who had been investing in Nike Inc B for a number of months, seems to be less bullish one the $108.50 billion market cap company. The stock increased 0.66% or $0.44 during the last trading session, reaching $67.32. About 624,757 shares traded. NIKE, Inc. (NYSE:NKE) has risen 18.31% since April 24, 2017 and is uptrending. It has outperformed by 6.76% the S&P500.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on April, 26 before the open. They expect $0.66 EPS, up 37.50% or $0.18 from last year’s $0.48 per share. ALLY’s profit will be $286.06 million for 10.81 P/E if the $0.66 EPS becomes a reality. After $0.70 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -5.71% negative EPS growth.

Among 24 analysts covering Ally Financial (NYSE:ALLY), 17 have Buy rating, 0 Sell and 7 Hold. Therefore 71% are positive. Ally Financial had 70 analyst reports since July 29, 2015 according to SRatingsIntel. The company was maintained on Thursday, September 28 by Jefferies. Keefe Bruyette & Woods maintained the shares of ALLY in report on Tuesday, January 30 with “Buy” rating. The rating was maintained by Credit Suisse on Wednesday, January 31 with “Outperform”. The firm has “Buy” rating by Piper Jaffray given on Thursday, October 26. J.P. Morgan downgraded Ally Financial Inc. (NYSE:ALLY) rating on Friday, January 12. J.P. Morgan has “Hold” rating and $31.0 target. On Tuesday, August 22 the stock rating was maintained by Jefferies with “Buy”. The firm earned “Buy” rating on Thursday, March 15 by Piper Jaffray. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Tuesday, January 16 by BTIG Research. The firm has “Outperform” rating by BMO Capital Markets given on Thursday, October 26. Barclays Capital maintained Ally Financial Inc. (NYSE:ALLY) on Tuesday, January 2 with “Overweight” rating.

Among 44 analysts covering Nike Inc. (NYSE:NKE), 25 have Buy rating, 2 Sell and 17 Hold. Therefore 57% are positive. Nike Inc. had 233 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was maintained by Citigroup with “Buy” on Tuesday, December 19. The company was maintained on Tuesday, April 11 by Deutsche Bank. The firm has “Buy” rating by DA Davidson given on Wednesday, June 29. The rating was maintained by Susquehanna with “Buy” on Friday, July 14. On Wednesday, September 27 the stock rating was maintained by Wells Fargo with “Market Perform”. The stock of NIKE, Inc. (NYSE:NKE) has “Buy” rating given on Monday, December 5 by HSBC. As per Wednesday, September 28, the company rating was maintained by Morgan Stanley. The firm has “Perform” rating by Oppenheimer given on Tuesday, October 25. As per Wednesday, June 29, the company rating was maintained by JP Morgan. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, December 21 report.

Investors sentiment decreased to 0.74 in Q4 2017. Its down 0.06, from 0.8 in 2017Q3. It turned negative, as 70 investors sold NKE shares while 501 reduced holdings. 109 funds opened positions while 312 raised stakes. 1.01 billion shares or 2.95% more from 985.62 million shares in 2017Q3 were reported. Birch Hill Invest Advsr Ltd accumulated 0.03% or 5,066 shares. Mckinley Carter Wealth Services has invested 0.17% in NIKE, Inc. (NYSE:NKE). Moreover, Farmers has 0.61% invested in NIKE, Inc. (NYSE:NKE) for 33,026 shares. Tortoise Invest Limited Liability Company accumulated 74 shares or 0% of the stock. Pacad Ltd invested in 18,000 shares. Brinker Capital reported 98,234 shares. 4,312 were reported by Advisory Research. Bkd Wealth Advisors Ltd Co stated it has 5,268 shares. Cobblestone Capital Advisors Ltd Ny owns 0.08% invested in NIKE, Inc. (NYSE:NKE) for 12,468 shares. Great West Life Assurance Can invested in 0.4% or 2.72M shares. Green Valley Invsts accumulated 871,447 shares. Moreover, Nomura Asset Management has 0.18% invested in NIKE, Inc. (NYSE:NKE). 1.21M were accumulated by Mawer Inv Mngmt Ltd. 3,300 were reported by Chemung Canal Tru. Checchi Cap Advisers Ltd Liability Corporation reported 12,053 shares stake.

Since December 11, 2017, it had 0 insider buys, and 8 insider sales for $45.81 million activity. Slusher John F also sold $4.75 million worth of NIKE, Inc. (NYSE:NKE) shares. $8.78 million worth of NIKE, Inc. (NYSE:NKE) was sold by PARKER MARK G on Friday, December 15. Matheson Monique S. sold $650,000 worth of stock or 10,000 shares. $6.77 million worth of NIKE, Inc. (NYSE:NKE) was sold by SPRUNK ERIC D.

Analysts await NIKE, Inc. (NYSE:NKE) to report earnings on July, 5. They expect $0.64 earnings per share, up 6.67% or $0.04 from last year’s $0.6 per share. NKE’s profit will be $1.03 billion for 26.30 P/E if the $0.64 EPS becomes a reality. After $0.68 actual earnings per share reported by NIKE, Inc. for the previous quarter, Wall Street now forecasts -5.88% negative EPS growth.

Crossvault Capital Management Llc, which manages about $184.05M and $189.65M US Long portfolio, upped its stake in Visa Inc. (NYSE:V) by 3,133 shares to 55,798 shares, valued at $6.36 million in 2017Q4, according to the filing.

NIKE, Inc. (NYSE:NKE) Institutional Positions Chart

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