Wbi Investments Has Trimmed By $12.23 Million Its Peoples United Financial (PBCT) Position; PRISM TECH GROUP (PRZM) Shorts Increased By 570%

September 17, 2017 - By Peter Erickson

Wbi Investments Inc decreased Peoples United Financial (PBCT) stake by 92.77% reported in 2016Q4 SEC filing. Wbi Investments Inc sold 643,546 shares as Peoples United Financial (PBCT)’s stock declined 12.61%. The Wbi Investments Inc holds 50,188 shares with $971,000 value, down from 693,734 last quarter. Peoples United Financial now has $5.83 billion valuation. The stock increased 0.83% or $0.14 on September 15, reaching $16.91. About 4.19 million shares traded or 105.39% up from the average. People’s United Financial, Inc. (NASDAQ:PBCT) has risen 9.82% since September 17, 2016 and is uptrending. It has underperformed by 6.88% the S&P500.

PRISM TECH GROUP INCORPORATED (OTCMKTS:PRZM) had an increase of 570% in short interest. PRZM’s SI was 6,700 shares in September as released by FINRA. Its up 570% from 1,000 shares previously. With 75,700 avg volume, 0 days are for PRISM TECH GROUP INCORPORATED (OTCMKTS:PRZM)’s short sellers to cover PRZM’s short positions. The stock decreased 6.97% or $0.0046 on September 15, reaching $0.0614. About 35,528 shares traded. Prism Technologies Group Inc (OTCMKTS:PRZM) has 0.00% since September 17, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 1.41 in Q4 2016. Its up 0.21, from 1.2 in 2016Q3. It increased, as 37 investors sold PBCT shares while 120 reduced holdings. 58 funds opened positions while 127 raised stakes. 254.56 million shares or 4.40% more from 243.83 million shares in 2016Q3 were reported. Twin Cap Inc owns 0.13% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 104,290 shares. Quantitative Inv Mngmt Ltd Liability Company invested in 57,300 shares or 0.03% of the stock. Atlantic Trust Grp Incorporated Limited Liability, Georgia-based fund reported 60,436 shares. Delta Asset Mngmt Ltd Limited Liability Company Tn reported 300 shares stake. Meiji Yasuda Asset Co reported 28,500 shares. Commonwealth Equity Inc holds 0.03% in People’s United Financial, Inc. (NASDAQ:PBCT) or 243,155 shares. Moreover, Moors & Cabot has 0.16% invested in People’s United Financial, Inc. (NASDAQ:PBCT) for 49,653 shares. Employees Retirement System Of Texas invested in 0.01% or 24,000 shares. Old Mutual Customised Solutions (Proprietary) Limited accumulated 6,900 shares. Rhumbline Advisers has 566,617 shares for 0.03% of their portfolio. Ing Groep Nv accumulated 17,945 shares or 0.01% of the stock. Da Davidson, Montana-based fund reported 119 shares. Keybank National Association Oh has 20,083 shares for 0% of their portfolio. Veritable LP holds 0.03% or 60,371 shares in its portfolio. Invesco Ltd holds 7.60 million shares.

Analysts await People’s United Financial, Inc. (NASDAQ:PBCT) to report earnings on October, 19 after the close. They expect $0.25 EPS, 0.00% or $0.00 from last year’s $0.25 per share. PBCT’s profit will be $86.19M for 16.91 P/E if the $0.25 EPS becomes a reality. After $0.24 actual EPS reported by People’s United Financial, Inc. for the previous quarter, Wall Street now forecasts 4.17% EPS growth.

Since May 30, 2017, it had 0 insider purchases, and 2 sales for $2.11 million activity. Another trade for 4,520 shares valued at $75,579 was sold by Franklin Jerry. 118,836 shares valued at $2.03 million were sold by Trautmann Robert E on Thursday, June 8.

Wbi Investments Inc increased Ca Inc (NASDAQ:CA) stake by 63,690 shares to 104,695 valued at $3.33M in 2016Q4. It also upped Absolute Shs Tr stake by 25,706 shares and now owns 203,286 shares. Block H & R Inc (NYSE:HRB) was raised too.

Among 11 analysts covering People’s United Financial Inc (NASDAQ:PBCT), 1 have Buy rating, 3 Sell and 7 Hold. Therefore 9% are positive. People’s United Financial Inc had 20 analyst reports since July 20, 2015 according to SRatingsIntel. The company was reinitiated on Thursday, January 5 by JP Morgan. On Wednesday, June 14 the stock rating was maintained by Jefferies with “Hold”. Morgan Stanley downgraded the shares of PBCT in report on Tuesday, April 5 to “Underweight” rating. The company was initiated on Friday, January 6 by Wells Fargo. The rating was downgraded by Sandler O’Neill to “Sell” on Friday, December 2. On Monday, June 5 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The firm earned “Underweight” rating on Wednesday, November 16 by PiperJaffray. The stock of People’s United Financial, Inc. (NASDAQ:PBCT) has “Neutral” rating given on Wednesday, June 29 by Piper Jaffray. Piper Jaffray maintained People’s United Financial, Inc. (NASDAQ:PBCT) on Wednesday, August 16 with “Sell” rating. The stock of People’s United Financial, Inc. (NASDAQ:PBCT) has “Mkt Perform” rating given on Tuesday, December 20 by FBR Capital.

Prism Technologies Group, Inc., formerly Internet Patents Corporation, is engaged in the business of licensing and enforcing a portfolio of patents relating to technologies developed by it. The company has market cap of $618,521. The Company’s subsidiary is Prism Technologies, LLC . It currently has negative earnings. Prism has two primary operating subsidiaries: Secure Axcess, LLC and Millenium Biologix, LLC.

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