Bank of America Corp (BAC) Shares Bought by Maltese Capital Management LLC

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The hedge fund run by Glen Kacher held 320,000 shares of the business services company at the end of 2017Q3, valued at $55.27M, down from 375,000 at the end of the previous reported quarter. First Quadrant LP who had been investing in Triple S Management Corp B for a number of months, seems to be bullish on the $562.77 million market cap company. The stock's quarterly performance indicates a positive momentum of 17.48 percent, whereas its last one month trend is optimistic with 1.5 percent. About 61.10M shares traded. Honeywell International Inc. (NYSE:HON) has risen 17.66% since February 14, 2017 and is uptrending. It has underperformed by 52.75% the S&P500.

Among 6 analysts covering Patrick Industries (NASDAQ:PATK), 5 have Buy rating, 0 Sell and 1 Hold. The firm earned "Hold" rating on Wednesday, August 23 by BMO Capital Markets. Therefore 53% are positive. Honeywell International Inc. had 89 analyst reports since July 30, 2015 according to SRatingsIntel. Cowen & Co has "Buy" rating and $25.0 target. The firm has "Outperform" rating by Keefe Bruyette & Woods given on Tuesday, November 29. The rating was maintained by RBC Capital Markets with "Hold" on Tuesday, August 1. BMO Capital Markets maintained Bank of America Corporation (NYSE:BAC) rating on Friday, October 6. The rating was maintained by Argus Research on Wednesday, August 12 with "Buy".

Since September 26, 2017, it had 0 buys, and 3 insider sales for $9.43 million activity. Poole David P had sold 30,920 shares worth $505,851 on Tuesday, December 12. When volumes suddenly increase above normal levels, it can be a sign that investors feel very strongly in one way or the other about the future direction of a stock, or may even have access to inside information. Its the same as in 2017Q2. It also reduced its holding in Hormel Foods Corp (NYSE:HRL) by 9,451 shares in the quarter, leaving it with 142,731 shares, and cut its stake in Aecom (NYSE:ACM). 123.32 million shares or 19.18% less from 152.59 million shares in 2017Q2 were reported. Eaton Vance Management owns 12.57 million shares for 0.82% of their portfolio. Old Mutual Global Investors (Uk) Ltd holds 0.02% in Bank of America Corporation (NYSE:BAC) or 92,469 shares. Nokomis Capital L.L.C., a Texas-based fund reported 371,163 shares. New Jersey Better Educational Savings Tru holds 28,000 shares. Focused Wealth Mngmt reported 256,128 shares stake. The company reported the earnings of $0.48/Share in the last quarter where the estimated EPS by analysts was $0.44/share. The Washington-based Washington Mgmt has invested 3.82% in Bank of America Corporation (NYSE:BAC). Arete Wealth Ltd Llc invested in 2.44% or 241,615 shares.

This company shares (BAC) so far managed to recover 41.01% since collapsing to its 52-week low. Solus Alternative Asset Management Lp owns 1.94 million shares or 16.76% of their USA portfolio. Kistler holds 0.18% or 16,714 shares.

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When looking at the investment recommendation on say a scale of 1 to 5 (1 being a strong buy, 3 a hold, and 5 a sell), BAC is given a 2.10 while 1.80 placed for MSFT. Therefore 67% are positive. The firm has "Buy" rating by RBC Capital Markets given on Wednesday, June 14. On Tuesday, December 20 the stock rating was initiated by Deutsche Bank with "Buy". The rating was upgraded by Atlantic Securities on Wednesday, December 21 to "Overweight". The rating was maintained by Cowen & Co with "Buy" on Tuesday, August 8. The firm has "Buy" rating by Jefferies given on Tuesday, July 21. Stifel Nicolaus maintained A. O. Smith Corporation (NYSE:AOS) rating on Friday, February 3. As per Friday, January 29, the company rating was upgraded by CLSA. Wood downgraded the shares of C in report on Monday, April 18 to "Market Perform" rating.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: "Wsj.com which released: "Bank of America Hires Law Firm to Help Probe $292 Million Loss" on February 07, 2018, also Investorplace.com with their article: "Be Ready to Buy Bank of America Corp Stock â€" Soon!" published on February 07, 2018, Bloomberg.com published: "Stampede Is On for Stocks as Investors Fear Missing Out on Rally" on January 19, 2018. KBW has "Outperform" rating and $20 target. Vetr downgraded Bank of America from a "hold" rating to a "sell" rating and set a $25.08 price target on the stock.in a report on Wednesday, October 4th.

Investors sentiment decreased to 1.04 in Q3 2017. For the most recent quarter, quick ratio was 0, current ratio was 0, LT Debt/Equity ratio was 0.92 and Total Debt/Equity ratio stands at 1.82, while Payout ratio is 0.158. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. State Board Of Administration Of Florida Retirement holds 188,864 shares. Tci Wealth Advisors Incorporated reported 0.18% in Bank of America Corporation (NYSE:BAC). Griffin Asset Mngmt reported 0.15% of its portfolio in Zoetis Inc.

Webster Bank, which manages about $688.03 million US Long portfolio, decreased its stake in Ishares Trust (HYG) by 4,463 shares to 27,637 shares, valued at $2.45M in 2017Q3, according to the filing. California State Teachers Retirement System now owns 18,055,287 shares of the financial services provider's stock worth $532,992,000 after acquiring an additional 785,359 shares during the last quarter. Legacy Cap Prtn Inc stated it has 77,740 shares. Boston Private Wealth Ltd has invested 0.71% of its portfolio in Citigroup Inc. EPS is an indicator of company profit because the more earnings a company can generate per share, the more valuable each share is to investors.

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