Huntington National Bank Has Lowered Holding in Apple (AAPL) as Stock Price Declined; Crow Point Partners Lifted Shenandoah Telecommunication (SHEN) Holding by $1.16 Million

May 24, 2018 - By Clifton Ray

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Crow Point Partners Llc increased its stake in Shenandoah Telecommunication (SHEN) by 3.72% based on its latest 2017Q4 regulatory filing with the SEC. Crow Point Partners Llc bought 35,000 shares as the company’s stock rose 5.92% while stock markets declined. The institutional investor held 975,000 shares of the telecommunications equipment company at the end of 2017Q4, valued at $32.86 million, up from 940,000 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in Shenandoah Telecommunication for a number of months, seems to be bullish on the $1.52 billion market cap company. The stock decreased 1.13% or $0.35 during the last trading session, reaching $30.65. About 77,390 shares traded. Shenandoah Telecommunications Company (NASDAQ:SHEN) has risen 28.32% since May 24, 2017 and is uptrending. It has outperformed by 16.77% the S&P500.

Huntington National Bank decreased its stake in Apple Inc (AAPL) by 3.04% based on its latest 2017Q4 regulatory filing with the SEC. Huntington National Bank sold 22,005 shares as the company’s stock declined 3.81% with the market. The institutional investor held 700,974 shares of the computer manufacturing company at the end of 2017Q4, valued at $118.63M, down from 722,979 at the end of the previous reported quarter. Huntington National Bank who had been investing in Apple Inc for a number of months, seems to be less bullish one the $924.78 billion market cap company. The stock decreased 0.11% or $0.21 during the last trading session, reaching $188.15. About 18.85 million shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since May 24, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on August, 7. They expect $2.19 EPS, up 31.14% or $0.52 from last year’s $1.67 per share. AAPL’s profit will be $10.76 billion for 21.48 P/E if the $2.19 EPS becomes a reality. After $2.73 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -19.78% negative EPS growth.

More notable recent Apple Inc. (NASDAQ:AAPL) news were published by: Benzinga.com which released: “Morgan Stanley Finds Flavor In Apple’s Services, Raises PT” on May 24, 2018, also Nasdaq.com with their article: “5 Niche Tech ETFs Hitting All-Time Highs” published on May 24, 2018, Bizjournals.com published: “Editor’s Notebook: NC wants Apple and Amazon, but HB2 issues linger” on May 22, 2018. More interesting news about Apple Inc. (NASDAQ:AAPL) were released by: Seekingalpha.com and their article: “Apple Ignores Tesla, Instead Partners With Volkswagen” published on May 24, 2018 as well as Fool.com‘s news article titled: “Why Apple Is a Great Dividend Growth Stock” with publication date: May 23, 2018.

Huntington National Bank, which manages about $6.26 billion US Long portfolio, upped its stake in Abbvie Inc (NYSE:ABBV) by 6,723 shares to 508,909 shares, valued at $49.22 million in 2017Q4, according to the filing. It also increased its holding in M & T Bank Corp (NYSE:MTB) by 10,952 shares in the quarter, for a total of 108,143 shares, and has risen its stake in Amazon.Com Inc (NASDAQ:AMZN).

Among 56 analysts covering Apple Inc. (NASDAQ:AAPL), 37 have Buy rating, 1 Sell and 18 Hold. Therefore 66% are positive. Apple Inc. had 416 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Maxim Group given on Wednesday, January 27. Bank of America maintained the stock with “Buy” rating in Monday, October 9 report. The stock has “Buy” rating by RBC Capital Markets on Wednesday, March 28. On Monday, January 11 the stock rating was maintained by Deutsche Bank with “Hold”. On Friday, January 8 the stock rating was maintained by Canaccord Genuity with “Buy”. The stock of Apple Inc. (NASDAQ:AAPL) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, June 28. FBR Capital maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, December 23 with “Outperform” rating. The rating was initiated by DA Davidson on Monday, April 30 with “Buy”. As per Wednesday, February 1, the company rating was maintained by Mizuho. The rating was maintained by Drexel Hamilton with “Buy” on Friday, June 9.

Investors sentiment increased to 0.73 in Q4 2017. Its up 0.03, from 0.7 in 2017Q3. It increased, as 50 investors sold AAPL shares while 1023 reduced holdings. 151 funds opened positions while 637 raised stakes. 2.98 billion shares or 0.18% more from 2.97 billion shares in 2017Q3 were reported. Leisure Management owns 20,261 shares or 2.85% of their US portfolio. Boston Advsrs invested 4.15% in Apple Inc. (NASDAQ:AAPL). Janney Capital Management Ltd Liability Corporation stated it has 137,131 shares. Toth Fincl Advisory holds 21,271 shares. Ashfield Prns Llc has 5.35% invested in Apple Inc. (NASDAQ:AAPL) for 245,666 shares. 2.31M were accumulated by Creative Planning. 4,126 were accumulated by Berson And Corrado Inv Advisors Ltd Company. Blackrock Inc owns 319.72M shares. Guardian Capital LP accumulated 186,064 shares. Cincinnati Specialty Underwriters Insur Communication holds 77,000 shares or 10.9% of its portfolio. Moreover, Boyd Watterson Asset Mgmt Limited Liability Com Oh has 1.76% invested in Apple Inc. (NASDAQ:AAPL). Mirae Asset Global Invs Ltd stated it has 1.56% in Apple Inc. (NASDAQ:AAPL). Robecosam Ag holds 21,000 shares or 0.24% of its portfolio. Fiduciary holds 635,812 shares or 3.2% of its portfolio. Callan Cap Llc invested in 1,835 shares or 0.11% of the stock.

Since December 7, 2017, it had 0 buys, and 10 insider sales for $47.05 million activity. WILLIAMS JEFFREY E had sold 15,653 shares worth $2.90M on Tuesday, May 8. Another trade for 39,122 shares valued at $6.83 million was sold by Maestri Luca. KONDO CHRIS also sold $910,129 worth of Apple Inc. (NASDAQ:AAPL) shares. 69,491 shares were sold by SCHILLER PHILIP W, worth $11.56 million on Tuesday, April 3. Shares for $3.26 million were sold by Riccio Daniel J.. $6.75 million worth of Apple Inc. (NASDAQ:AAPL) shares were sold by AHRENDTS ANGELA J.

Investors sentiment decreased to 1.04 in Q4 2017. Its down 0.25, from 1.29 in 2017Q3. It worsened, as 19 investors sold SHEN shares while 30 reduced holdings. 15 funds opened positions while 36 raised stakes. 21.95 million shares or 1.09% more from 21.71 million shares in 2017Q3 were reported. Walleye Trading Limited Company has invested 0% in Shenandoah Telecommunications Company (NASDAQ:SHEN). State Board Of Administration Of Florida Retirement System has invested 0% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN). Royal Savings Bank Of Canada owns 676 shares. Tiaa Cref Inv Mngmt Limited holds 0% or 139,367 shares. 96,904 are owned by Goldman Sachs Group Inc. Morgan Stanley reported 100,197 shares. Citigroup Inc invested in 396 shares. Voya Llc has invested 0% in Shenandoah Telecommunications Company (NASDAQ:SHEN). Sg Americas Securities Ltd Liability Corp invested in 11,979 shares or 0% of the stock. Toronto Dominion Retail Bank stated it has 0% of its portfolio in Shenandoah Telecommunications Company (NASDAQ:SHEN). Teacher Retirement Of Texas reported 15,931 shares or 0% of all its holdings. Zurcher Kantonalbank (Zurich Cantonalbank) reported 2,877 shares. Ny State Common Retirement Fund has invested 0% in Shenandoah Telecommunications Company (NASDAQ:SHEN). Guggenheim Capital Ltd invested in 10,278 shares or 0% of the stock. Congress Asset Mgmt Ma owns 30,703 shares for 0.02% of their portfolio.

Since March 19, 2018, it had 0 buys, and 5 insider sales for $1.49 million activity. $720,005 worth of Shenandoah Telecommunications Company (NASDAQ:SHEN) shares were sold by PIRTLE WILLIAM L. BURCH KEN L had sold 1,000 shares worth $36,300. 70 shares were sold by SCHULTZ LEIGH ANN, worth $2,759 on Friday, March 23. OSTROSKI RAYMOND B had sold 10,000 shares worth $367,700.

Crow Point Partners Llc, which manages about $937.00M and $635.16M US Long portfolio, decreased its stake in Physicians Realty Trust (NYSE:DOC) by 25,000 shares to 150,000 shares, valued at $2.70M in 2017Q4, according to the filing. It also reduced its holding in Proofpoint Inc (NASDAQ:PFPT) by 5,490 shares in the quarter, leaving it with 1,954 shares, and cut its stake in Etfmg Alternative Harvest.

More recent Shenandoah Telecommunications Company (NASDAQ:SHEN) news were published by: Globenewswire.com which released: “Shenandoah Telecommunications to Attend Investor Conferences” on May 22, 2018. Also Nasdaq.com published the news titled: “Shenandoah Telecommunications Company Reports First Quarter 2018 Results” on May 03, 2018. Nasdaq.com‘s news article titled: “David L. Heimbach Joins Shenandoah Telecommunications Company as Executive Vice President and Chief …” with publication date: May 08, 2018 was also an interesting one.

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