As Intl Business Machines (IBM) Valuation Declined, Holder Founders Capital Management Trimmed Position; Numina Capital Management Trimmed Holding in Equity Comwlth (EQC) by $11.04 Million as Share Price Declined

January 18, 2018 - By Michael Collier

Numina Capital Management Llc decreased its stake in Equity Comwlth (EQC) by 42.74% based on its latest 2017Q3 regulatory filing with the SEC. Numina Capital Management Llc sold 368,044 shares as the company’s stock declined 0.70% while stock markets rallied. The institutional investor held 493,155 shares of the real estate investment trusts company at the end of 2017Q3, valued at $14.99M, down from 861,199 at the end of the previous reported quarter. Numina Capital Management Llc who had been investing in Equity Comwlth for a number of months, seems to be less bullish one the $3.70B market cap company. The stock decreased 0.53% or $0.16 during the last trading session, reaching $29.8. About 27,967 shares traded. Equity Commonwealth (NYSE:EQC) has risen 13.35% since January 18, 2017 and is uptrending. It has underperformed by 3.35% the S&P500.

Founders Capital Management Llc decreased its stake in Intl Business Machines (IBM) by 78.39% based on its latest 2017Q3 regulatory filing with the SEC. Founders Capital Management Llc sold 29,474 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 8,123 shares of the computer manufacturing company at the end of 2017Q3, valued at $1.18M, down from 37,597 at the end of the previous reported quarter. Founders Capital Management Llc who had been investing in Intl Business Machines for a number of months, seems to be less bullish one the $157.30B market cap company. The stock increased 0.74% or $1.2557 during the last trading session, reaching $169.9057. About 1.87 million shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since January 18, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Founders Capital Management Llc, which manages about $193.00 million and $210.28M US Long portfolio, upped its stake in A T & T Corp New (NYSE:T) by 13,288 shares to 245,546 shares, valued at $9.62 million in 2017Q3, according to the filing. It also increased its holding in United Parcel Service B (NYSE:UPS) by 3,269 shares in the quarter, for a total of 15,509 shares, and has risen its stake in Walgreens Boots Allianc.

Among 31 analysts covering International Business Machines (NYSE:IBM), 12 have Buy rating, 4 Sell and 15 Hold. Therefore 39% are positive. International Business Machines had 114 analyst reports since July 21, 2015 according to SRatingsIntel. Bernstein maintained International Business Machines Corporation (NYSE:IBM) on Tuesday, April 19 with “Market Perform” rating. Credit Suisse maintained the shares of IBM in report on Tuesday, October 18 with “Underperform” rating. The rating was maintained by Barclays Capital with “Underweight” on Tuesday, July 19. The firm has “Perform” rating by Oppenheimer given on Tuesday, August 16. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) rating on Monday, October 5. RBC Capital Markets has “Sector Perform” rating and $155 target. The stock has “Sell” rating by Jefferies on Wednesday, September 20. On Wednesday, April 26 the stock rating was maintained by Wells Fargo with “Market Perform”. The company was maintained on Wednesday, April 12 by Bernstein. The stock of International Business Machines Corporation (NYSE:IBM) earned “Overweight” rating by Morgan Stanley on Thursday, March 31. Credit Suisse maintained the stock with “Underperform” rating in Wednesday, October 12 report.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It is positive, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Kcm Inv Advisors Limited Co invested 0.21% in International Business Machines Corporation (NYSE:IBM). Poplar Forest Ltd Limited Liability Company has invested 2.16% of its portfolio in International Business Machines Corporation (NYSE:IBM). Mogy Joel R Investment Counsel stated it has 12,695 shares or 0.31% of all its holdings. Wheatland Advsrs has 0.74% invested in International Business Machines Corporation (NYSE:IBM). Tci Wealth Advsrs Inc holds 1.58% or 22,267 shares in its portfolio. Neuberger Berman Group Llc, a New York-based fund reported 366,062 shares. Lenox Wealth Advisors has invested 0.01% in International Business Machines Corporation (NYSE:IBM). Citadel Advsr Ltd Limited Liability Company owns 144,848 shares. Capital Ww Investors holds 0.1% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3.00M shares. Teacher Retirement Sys Of Texas accumulated 481,970 shares or 0.43% of the stock. Assets Mngmt Lc invested in 8,000 shares or 0.23% of the stock. Riverpoint Capital Ltd Llc holds 0.03% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3,718 shares. Bowen Hanes invested in 0.38% or 56,130 shares. Stewart And Patten Llc accumulated 2.11% or 79,529 shares. United Fire Gp holds 0.15% of its portfolio in International Business Machines Corporation (NYSE:IBM) for 3,000 shares.

Among 3 analysts covering Equity Commonwealth (NYSE:EQC), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Equity Commonwealth had 9 analyst reports since August 10, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Hold” rating in Friday, July 14 report. The firm has “Neutral” rating given on Thursday, September 1 by Citigroup. The firm has “Sell” rating given on Monday, August 10 by Zacks. The stock of Equity Commonwealth (NYSE:EQC) earned “Hold” rating by Stifel Nicolaus on Friday, November 6. The firm has “Neutral” rating given on Friday, September 11 by Citigroup. The firm earned “Neutral” rating on Monday, September 14 by Citigroup. The rating was maintained by Stifel Nicolaus on Monday, September 18 with “Hold”. The firm has “Neutral” rating by Bank of America given on Wednesday, September 9. Bank of America upgraded the shares of EQC in report on Monday, August 15 to “Buy” rating.

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