As Bank Of America (BAC) Shares Declined, Qci Asset Management Trimmed Its Stake; As Gentex (GNTX) Stock Declined, Shareholder Birch Hill Investment Advisors Lowered Position by $3.73 Million

February 17, 2018 - By Peter Erickson

Qci Asset Management Inc decreased its stake in Bank Of America Corp (BAC) by 4.2% based on its latest 2017Q3 regulatory filing with the SEC. Qci Asset Management Inc sold 29,778 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 679,004 shares of the major banks company at the end of 2017Q3, valued at $17.21M, down from 708,782 at the end of the previous reported quarter. Qci Asset Management Inc who had been investing in Bank Of America Corp for a number of months, seems to be less bullish one the $328.89 billion market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 17, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Birch Hill Investment Advisors Llc decreased its stake in Gentex Corp (GNTX) by 8.21% based on its latest 2017Q3 regulatory filing with the SEC. Birch Hill Investment Advisors Llc sold 196,071 shares as the company’s stock declined 8.68% while stock markets rallied. The institutional investor held 2.19M shares of the o.e.m. company at the end of 2017Q3, valued at $43.41M, down from 2.39 million at the end of the previous reported quarter. Birch Hill Investment Advisors Llc who had been investing in Gentex Corp for a number of months, seems to be less bullish one the $6.48 billion market cap company. The stock decreased 0.48% or $0.11 during the last trading session, reaching $22.83. About 1.37 million shares traded. Gentex Corporation (NASDAQ:GNTX) has risen 19.63% since February 17, 2017 and is uptrending. It has outperformed by 2.93% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Moreover, Mitsubishi Ufj Holdg has 0.7% invested in Bank of America Corporation (NYSE:BAC) for 5,780 shares. Kanawha Limited Liability Company invested in 0.04% or 10,302 shares. Ancora Advsr Ltd Llc invested in 0.29% or 199,693 shares. Burke Herbert Comml Bank Tru owns 51,554 shares for 1.18% of their portfolio. Hanson & Doremus Mgmt owns 1,880 shares. Levin Cap Strategies Limited Partnership owns 1.08 million shares for 0.46% of their portfolio. Rockefeller Fincl Svcs holds 0.02% or 42,951 shares in its portfolio. Mrj Capital Incorporated accumulated 85,197 shares. Honeywell Intl holds 2.05% in Bank of America Corporation (NYSE:BAC) or 2.31M shares. Zeke Capital Advsr Ltd Liability Company holds 174,327 shares. Sterling Global Strategies Limited Liability Corporation holds 1.59% of its portfolio in Bank of America Corporation (NYSE:BAC) for 15,400 shares. Schnieders Mngmt Limited Liability holds 2.04% or 184,077 shares in its portfolio. California-based Halbert Hargrove Russell Ltd Liability has invested 0.13% in Bank of America Corporation (NYSE:BAC). Trustmark Bancorp Department, Mississippi-based fund reported 193,811 shares. Prelude Capital Ltd Co accumulated 56,690 shares or 0.13% of the stock.

Qci Asset Management Inc, which manages about $2.52 billion and $898.04M US Long portfolio, upped its stake in Bristol (NYSE:BMY) by 8,099 shares to 239,865 shares, valued at $15.29M in 2017Q3, according to the filing. It also increased its holding in Palo Alto Networks Inc (NYSE:PANW) by 4,391 shares in the quarter, for a total of 81,351 shares, and has risen its stake in Duke Energy Corp. (NYSE:DUK).

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) earned “Hold” rating by Robert W. Baird on Tuesday, October 31. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Monday, April 24 by Berenberg. As per Sunday, July 23, the company rating was maintained by Renaissance Macro Securities LLC. The firm has “Buy” rating given on Friday, October 6 by RBC Capital Markets. Wells Fargo upgraded the stock to “Outperform” rating in Thursday, September 10 report. The company was upgraded on Monday, August 24 by KBW. The stock has “Hold” rating by Deutsche Bank on Tuesday, November 8. The stock has “Neutral” rating by Robert W. Baird on Tuesday, August 25. The stock has “Buy” rating by Robert W. Baird on Tuesday, September 1. The firm has “Buy” rating given on Friday, January 19 by Sandler O’Neill.

Investors sentiment increased to 1.24 in 2017 Q3. Its up 0.32, from 0.92 in 2017Q2. It improved, as 35 investors sold GNTX shares while 109 reduced holdings. 41 funds opened positions while 137 raised stakes. 224.48 million shares or 0.88% less from 226.47 million shares in 2017Q2 were reported. Parsec Fin Mngmt Incorporated owns 34,224 shares. North Point Port Managers Corporation Oh, a Ohio-based fund reported 798,658 shares. Crawford Counsel Incorporated holds 0.04% or 56,060 shares in its portfolio. Texas Permanent School Fund reported 208,463 shares. Vanguard Grp invested in 23.45M shares or 0.02% of the stock. 19,566 were reported by Huntington Retail Bank. Nuveen Asset Mngmt Ltd Limited Liability Company owns 22,646 shares or 0% of their US portfolio. California Public Employees Retirement invested in 0.02% or 596,783 shares. Connor Clark & Lunn Invest invested in 71,833 shares or 0.01% of the stock. 290,000 were accumulated by Virginia Retirement Systems Et Al. Citadel Limited Liability reported 110,573 shares. Azimuth Capital Limited Liability Company invested in 117,900 shares. Homrich And Berg owns 0.03% invested in Gentex Corporation (NASDAQ:GNTX) for 16,268 shares. 2,495 were reported by Greenleaf Trust. Dreman Value L L C has 0.01% invested in Gentex Corporation (NASDAQ:GNTX).

Among 7 analysts covering Gentex Corp (NASDAQ:GNTX), 4 have Buy rating, 0 Sell and 3 Hold. Therefore 57% are positive. Gentex Corp had 19 analyst reports since October 20, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Robert W. Baird on Wednesday, January 27. The rating was maintained by Robert W. Baird on Friday, October 20 with “Buy”. Robert W. Baird downgraded the stock to “Hold” rating in Tuesday, January 23 report. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Neutral” rating by Susquehanna on Monday, December 19. The stock of Gentex Corporation (NASDAQ:GNTX) earned “Buy” rating by FBR Capital on Tuesday, January 2. The firm has “Buy” rating by FBR Capital given on Wednesday, July 19. Robert W. Baird upgraded the shares of GNTX in report on Thursday, August 24 to “Outperform” rating. Robert W. Baird maintained the stock with “Outperform” rating in Monday, October 23 report. The rating was maintained by KeyBanc Capital Markets with “Buy” on Monday, November 13. The rating was maintained by KeyBanc Capital Markets on Wednesday, August 23 with “Buy”.

Birch Hill Investment Advisors Llc, which manages about $1.24B and $1.15 billion US Long portfolio, upped its stake in Home Depot Inc (NYSE:HD) by 2,800 shares to 12,067 shares, valued at $1.97 million in 2017Q3, according to the filing. It also increased its holding in Potash Corp Sask Inc (NYSE:POT) by 362,973 shares in the quarter, for a total of 635,853 shares, and has risen its stake in Bank Amer Corp (NYSE:BAC).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts