Quaker Capital Investments Has Cut Citigroup (C) Holding By $12.21 Million; LARSEN &amp TOUBRO LTD SPONSORED GDR RE (LTOUF) Shorts Up By 17.93%

April 21, 2018 - By Marguerite Chambers

Citigroup Inc. (NYSE:C) Logo

Quaker Capital Investments Llc decreased Citigroup Inc (C) stake by 37.22% reported in 2017Q4 SEC filing. Quaker Capital Investments Llc sold 165,000 shares as Citigroup Inc (C)’s stock declined 9.55%. The Quaker Capital Investments Llc holds 278,255 shares with $20.71M value, down from 443,255 last quarter. Citigroup Inc now has $179.22 billion valuation. The stock decreased 0.40% or $0.28 during the last trading session, reaching $70. About 17.63M shares traded. Citigroup Inc. (NYSE:C) has risen 17.06% since April 21, 2017 and is uptrending. It has outperformed by 5.51% the S&P500.

LARSEN &amp TOUBRO LTD SPONSORED GDR RE (OTCMKTS:LTOUF) had an increase of 17.93% in short interest. LTOUF’s SI was 324,900 shares in April as released by FINRA. Its up 17.93% from 275,500 shares previously. With 500 avg volume, 650 days are for LARSEN &amp TOUBRO LTD SPONSORED GDR RE (OTCMKTS:LTOUF)’s short sellers to cover LTOUF’s short positions. The SI to LARSEN &amp TOUBRO LTD SPONSORED GDR RE’s float is 0.03%. It closed at $20.9 lastly. It is down 0.00% since April 21, 2017 and is . It has underperformed by 11.55% the S&P500.

Investors sentiment decreased to 1.07 in Q4 2017. Its down 0.28, from 1.35 in 2017Q3. It worsened, as 58 investors sold C shares while 480 reduced holdings. 123 funds opened positions while 450 raised stakes. 1.99 billion shares or 2.45% less from 2.04 billion shares in 2017Q3 were reported. Mercer Cap Advisers has invested 0.49% of its portfolio in Citigroup Inc. (NYSE:C). Wetherby Asset has 46,750 shares for 0.48% of their portfolio. 5,240 were reported by Glob Endowment Management Lp. Martingale Asset Management Lp invested 0.03% in Citigroup Inc. (NYSE:C). Joel Isaacson & Limited Liability Company holds 0.11% or 8,298 shares. Victory Mgmt, Ohio-based fund reported 175,505 shares. Fil Ltd invested in 2.52% or 12.15M shares. Eaton Vance has 1.42M shares for 0.26% of their portfolio. Hwg LP stated it has 0.05% in Citigroup Inc. (NYSE:C). Hsbc Hldg Public Limited holds 0.63% or 5.85 million shares in its portfolio. Community Fincl Bank Na has invested 0.01% of its portfolio in Citigroup Inc. (NYSE:C). Ipswich Inv Mngmt Co has invested 0.09% in Citigroup Inc. (NYSE:C). Meiji Yasuda Life Insur reported 0.94% stake. Sentinel Tru Lba accumulated 111,270 shares. Central Natl Bank & Tru has 210 shares.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 23 have Buy rating, 2 Sell and 15 Hold. Therefore 58% are positive. Citigroup Inc. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Jefferies given on Monday, October 10. The rating was maintained by Oppenheimer with “Perform” on Tuesday, January 5. The firm has “Overweight” rating by Barclays Capital given on Tuesday, January 3. The firm earned “Hold” rating on Wednesday, August 12 by Deutsche Bank. Jefferies upgraded the stock to “Buy” rating in Monday, September 28 report. CLSA maintained the shares of C in report on Friday, September 23 with “Buy” rating. Jefferies maintained it with “Hold” rating and $83.0 target in Tuesday, January 16 report. The firm has “Outperform” rating given on Tuesday, October 6 by Oppenheimer. The stock of Citigroup Inc. (NYSE:C) has “Hold” rating given on Monday, October 9 by Stifel Nicolaus. The firm has “Outperform” rating given on Thursday, August 10 by Wells Fargo.

Since February 27, 2018, it had 0 insider purchases, and 6 insider sales for $4.97 million activity. The insider Gerspach John C sold $542,920. Hu W. Bradford sold 8,010 shares worth $611,804. Callahan Don sold $536,410 worth of stock or 7,000 shares. Fraser Jane Nind had sold 32,400 shares worth $2.51M on Tuesday, February 27. 6,466 shares were sold by Forese James A., worth $500,666. MURRAY JOSEPH MICHAEL sold $263,126 worth of stock or 3,400 shares.

Analysts await Citigroup Inc. (NYSE:C) to report earnings on July, 13. They expect $1.58 earnings per share, up 24.41% or $0.31 from last year’s $1.27 per share. C’s profit will be $4.05 billion for 11.08 P/E if the $1.58 EPS becomes a reality. After $1.68 actual earnings per share reported by Citigroup Inc. for the previous quarter, Wall Street now forecasts -5.95% negative EPS growth.

Citigroup Inc. (NYSE:C) Institutional Positions Chart

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