As At&T (T) Market Valuation Declined, Wbi Investments Trimmed Its Position; Mackay Shields Maintains Stake in American Eagle Outfitters Ne (AEO)

December 18, 2017 - By Migdalia James

Mackay Shields Llc increased its stake in American Eagle Outfitters Ne (AEO) by 67.77% based on its latest 2017Q2 regulatory filing with the SEC. Mackay Shields Llc bought 1.03M shares as the company’s stock declined 29.04% while stock markets rallied. The institutional investor held 2.56 million shares of the consumer services company at the end of 2017Q2, valued at $30.86 million, up from 1.53 million at the end of the previous reported quarter. Mackay Shields Llc who had been investing in American Eagle Outfitters Ne for a number of months, seems to be bullish on the $3.09B market cap company. The stock increased 1.16% or $0.2 during the last trading session, reaching $17.43. About 7.35M shares traded or 73.94% up from the average. American Eagle Outfitters, Inc. (NYSE:AEO) has declined 31.50% since December 18, 2016 and is downtrending. It has underperformed by 48.20% the S&P500.

Wbi Investments Inc decreased its stake in At&T Inc (T) by 94.58% based on its latest 2017Q2 regulatory filing with the SEC. Wbi Investments Inc sold 747,336 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 42,838 shares of the telecommunications equipment company at the end of 2017Q2, valued at $1.62M, down from 790,174 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $234.76B market cap company. The stock increased 1.32% or $0.5 during the last trading session, reaching $38.24. About 46.81M shares traded or 28.40% up from the average. AT&T Inc. (NYSE:T) has declined 0.52% since December 18, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Wbi Investments Inc, which manages about $2.52 billion and $2.30B US Long portfolio, upped its stake in Eastman Chem Co (NYSE:EMN) by 27,487 shares to 35,151 shares, valued at $2.95 million in 2017Q2, according to the filing. It also increased its holding in East West Bancorp Inc (NASDAQ:EWBC) by 91,047 shares in the quarter, for a total of 216,894 shares, and has risen its stake in Brown & Brown Inc (NYSE:BRO).

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.18, from 0.97 in 2017Q1. It increased, as 82 investors sold T shares while 619 reduced holdings. 123 funds opened positions while 686 raised stakes. 3.31 billion shares or 0.46% less from 3.32 billion shares in 2017Q1 were reported. Goodwin Daniel L owns 6,500 shares or 0.11% of their US portfolio. Jaffetilchin Invest Ptnrs Limited Liability Corporation invested 0.12% of its portfolio in AT&T Inc. (NYSE:T). 19,282 were accumulated by Proffitt Goodson Incorporated. Moreover, Regal Investment Advsrs Ltd has 1.3% invested in AT&T Inc. (NYSE:T). Btc holds 0.04% or 6,464 shares in its portfolio. Teachers Retirement System Of The State Of Kentucky holds 0.37% or 787,758 shares. Mark Sheptoff Financial Planning Ltd Liability has invested 2.8% of its portfolio in AT&T Inc. (NYSE:T). Peoples Fin Svcs Corp reported 1.6% in AT&T Inc. (NYSE:T). Greenwood Gearhart stated it has 119,653 shares. Moreover, Kayne Anderson Rudnick Management Ltd Liability Corp has 0.15% invested in AT&T Inc. (NYSE:T). State Of Tennessee Treasury Department reported 4.24M shares stake. Ativo Mngmt Limited Liability Corp reported 0.2% of its portfolio in AT&T Inc. (NYSE:T). Arizona State Retirement Systems reported 2.19 million shares stake. Kornitzer Capital Management Ks has 1.62M shares for 1.07% of their portfolio. Carret Asset Ltd Co invested 1.18% in AT&T Inc. (NYSE:T).

Among 29 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. AT&T Inc. had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Friday, November 10 by Citigroup. As per Friday, June 24, the company rating was downgraded by Buckingham Research. Goldman Sachs reinitiated AT&T Inc. (NYSE:T) on Monday, July 27 with “Neutral” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Wednesday, September 27. Robert W. Baird maintained AT&T Inc. (NYSE:T) rating on Wednesday, September 20. Robert W. Baird has “Buy” rating and $43.0 target. The stock of AT&T Inc. (NYSE:T) earned “Hold” rating by Cowen & Co on Tuesday, July 18. The stock of AT&T Inc. (NYSE:T) has “Buy” rating given on Monday, November 14 by Deutsche Bank. The firm earned “Overweight” rating on Monday, April 18 by Barclays Capital. RBC Capital Markets maintained AT&T Inc. (NYSE:T) on Friday, July 7 with “Hold” rating. The stock has “Outperform” rating by Macquarie Research on Tuesday, April 5.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.66 earnings per share, 0.00% or $0.00 from last year’s $0.66 per share. T’s profit will be $4.05B for 14.48 P/E if the $0.66 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Mackay Shields Llc, which manages about $81.03 billion and $2.36 billion US Long portfolio, decreased its stake in Blackrock Long (BTA) by 43,071 shares to 89,446 shares, valued at $1.06M in 2017Q2, according to the filing. It also reduced its holding in Putnam Mun Opportunities Tr (NYSE:PMO) by 66,111 shares in the quarter, leaving it with 1.23M shares, and cut its stake in American Rlty Cap Pptys Inc (Prn).

Among 27 analysts covering American Eagle Outfitters (NYSE:AEO), 13 have Buy rating, 1 Sell and 13 Hold. Therefore 48% are positive. American Eagle Outfitters had 82 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, May 19. The rating was maintained by Jefferies on Wednesday, April 5 with “Buy”. The firm has “Outperform” rating given on Thursday, September 17 by Cowen & Co. B. Riley & Co downgraded American Eagle Outfitters, Inc. (NYSE:AEO) rating on Wednesday, April 19. B. Riley & Co has “Neutral” rating and $15 target. BMO Capital Markets maintained American Eagle Outfitters, Inc. (NYSE:AEO) on Wednesday, July 5 with “Buy” rating. The rating was maintained by Morgan Stanley on Tuesday, August 25 with “Sell”. The rating was maintained by Goldman Sachs with “Sell” on Thursday, August 18. The firm has “Market Perform” rating given on Thursday, December 1 by Telsey Advisory Group. The firm has “Buy” rating given on Tuesday, June 20 by Jefferies. The company was maintained on Monday, August 17 by Oppenheimer.

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