Boeing (BA) Shareholder Gofen & Glossberg Has Trimmed Holding by $2.44 Million as Stock Price Rose; Pomelo Capital Position in Gnc Hldgs (Call) (GNC) Lifted by $383,200 as Shares Declined

January 14, 2018 - By Migdalia James

Gofen & Glossberg Llc decreased its stake in Boeing (BA) by 4.05% based on its latest 2017Q3 regulatory filing with the SEC. Gofen & Glossberg Llc sold 9,597 shares as the company’s stock rose 4.66% with the market. The institutional investor held 227,607 shares of the aerospace company at the end of 2017Q3, valued at $57.86 million, down from 237,204 at the end of the previous reported quarter. Gofen & Glossberg Llc who had been investing in Boeing for a number of months, seems to be less bullish one the $200.24B market cap company. The stock increased 2.47% or $8.09 during the last trading session, reaching $336.21. About 6.56 million shares traded or 96.62% up from the average. The Boeing Company (NYSE:BA) has risen 41.13% since January 14, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Philip Rosenstrach increased its stake in Gnc Hldgs Inc (Call) (GNC) by 51.07% based on its latest 2017Q3 regulatory filing with the SEC. Pomelo Capital Llc bought 47,900 shares as the company’s stock declined 4.71% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 141,700 shares of the consumer non-durables company at the end of 2017Q3, valued at $1.25M, up from 93,800 at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Gnc Hldgs Inc (Call) for a number of months, seems to be bullish on the $311.10 million market cap company. It closed at $3.72 lastly. It is up 70.69% since January 14, 2017 and is downtrending. It has underperformed by 87.39% the S&P500.

Since September 14, 2017, it had 0 buys, and 1 insider sale for $599,070 activity.

Investors sentiment decreased to 0.61 in Q3 2017. Its down 0.16, from 0.77 in 2017Q2. It is negative, as 34 investors sold GNC shares while 43 reduced holdings. 18 funds opened positions while 29 raised stakes. 40.57 million shares or 8.68% less from 44.43 million shares in 2017Q2 were reported. California State Teachers Retirement Systems holds 125,475 shares. Quantbot Techs Lp holds 0% of its portfolio in GNC Holdings, Inc. (NYSE:GNC) for 711 shares. 12,335 were reported by Royal State Bank Of Canada. Wells Fargo And Mn has invested 0% in GNC Holdings, Inc. (NYSE:GNC). Morgan Stanley has invested 0% in GNC Holdings, Inc. (NYSE:GNC). Global X Mgmt Ltd Limited Liability Company has invested 0% in GNC Holdings, Inc. (NYSE:GNC). Paragon Capital Mgmt Ltd Co, Kansas-based fund reported 24,660 shares. 12,000 are held by Bridgecreek Ltd Llc. Dupont Capital Mgmt invested in 0.03% or 152,333 shares. Schwab Charles Investment Management Incorporated owns 532,155 shares or 0% of their US portfolio. Gotham Asset Limited Liability Company holds 0.02% of its portfolio in GNC Holdings, Inc. (NYSE:GNC) for 186,752 shares. Sei accumulated 431 shares. The Massachusetts-based Rhumbline Advisers has invested 0% in GNC Holdings, Inc. (NYSE:GNC). Moreover, Virtu Fin Lc has 0% invested in GNC Holdings, Inc. (NYSE:GNC). Swiss Bancshares holds 111,800 shares.

Among 11 analysts covering GNC Holdings (NYSE:GNC), 2 have Buy rating, 4 Sell and 5 Hold. Therefore 18% are positive. GNC Holdings had 24 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Monday, November 2 by Barclays Capital. As per Friday, September 23, the company rating was initiated by Barclays Capital. Barclays Capital downgraded GNC Holdings, Inc. (NYSE:GNC) on Tuesday, December 13 to “Underweight” rating. The stock has “Hold” rating by Robert W. Baird on Friday, September 15. The company was maintained on Monday, November 2 by JP Morgan. The firm has “Underperform” rating given on Friday, October 28 by Bank of America. The stock of GNC Holdings, Inc. (NYSE:GNC) has “Overweight” rating given on Friday, October 30 by Stephens. As per Friday, April 29, the company rating was downgraded by Goldman Sachs. Wedbush initiated GNC Holdings, Inc. (NYSE:GNC) on Thursday, April 21 with “Outperform” rating. The rating was initiated by Piper Jaffray with “Overweight” on Tuesday, May 10.

Pomelo Capital Llc, which manages about $366.34 million and $2.35 billion US Long portfolio, decreased its stake in Cit Group Inc (NYSE:CIT) by 1.71M shares to 40,000 shares, valued at $1.96M in 2017Q3, according to the filing. It also reduced its holding in Tesla Mtrs Inc (Prn) by 16.50 million shares in the quarter, leaving it with 10.00M shares, and cut its stake in Freeport (NYSE:FCX).

Analysts await The Boeing Company (NYSE:BA) to report earnings on January, 31 before the open. They expect $2.87 EPS, up 16.19% or $0.40 from last year’s $2.47 per share. BA’s profit will be $1.71 billion for 29.29 P/E if the $2.87 EPS becomes a reality. After $2.72 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts 5.51% EPS growth.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.05, from 0.86 in 2017Q2. It worsened, as 50 investors sold BA shares while 609 reduced holdings. 165 funds opened positions while 367 raised stakes. 411.79 million shares or 1.95% less from 419.99 million shares in 2017Q2 were reported. Ancora Advisors Limited Liability Corporation invested 0.27% of its portfolio in The Boeing Company (NYSE:BA). West Coast Fincl Ltd Llc accumulated 26,166 shares or 1.81% of the stock. Mount Lucas LP holds 1.04% or 22,773 shares in its portfolio. Hoertkorn Richard Charles accumulated 21,075 shares or 3.4% of the stock. Mai Mngmt stated it has 0.96% in The Boeing Company (NYSE:BA). Associated Banc reported 67,173 shares. Victory Mgmt Inc owns 17,358 shares for 0.01% of their portfolio. Utd Fire Gru has invested 6.42% in The Boeing Company (NYSE:BA). Symphony Asset Lc holds 0.74% in The Boeing Company (NYSE:BA) or 26,187 shares. Van Hulzen Asset Management holds 0.18% or 2,120 shares in its portfolio. Penobscot Mgmt Incorporated accumulated 7,047 shares or 0.54% of the stock. Fcm Investments Tx invested 0.12% of its portfolio in The Boeing Company (NYSE:BA). Pacad Ltd reported 9,093 shares stake. Hodges Mgmt invested in 28,171 shares. Seminole Management invested 4.36% of its portfolio in The Boeing Company (NYSE:BA).

Since July 31, 2017, it had 0 insider purchases, and 5 insider sales for $20.35 million activity. On Monday, July 31 the insider Muilenburg Dennis A sold $13.84M. 2,522 shares were sold by Verbeck Robert E, worth $616,499 on Monday, July 31. 134 shares valued at $32,321 were sold by Downey Thomas J on Monday, August 7. Another trade for 4,217 shares valued at $1.02M was made by CAPOZZI HEIDI B on Monday, July 31.

Gofen & Glossberg Llc, which manages about $3.51B and $2.70B US Long portfolio, upped its stake in Intel (NASDAQ:INTC) by 10,153 shares to 151,606 shares, valued at $5.77 million in 2017Q3, according to the filing. It also increased its holding in Chubb Ltd by 3,545 shares in the quarter, for a total of 62,120 shares, and has risen its stake in Danaher (NYSE:DHR).

Among 23 analysts covering Boeing (NYSE:BA), 15 have Buy rating, 1 Sell and 7 Hold. Therefore 65% are positive. Boeing had 88 analyst reports since August 26, 2015 according to SRatingsIntel. On Wednesday, January 3 the stock rating was maintained by Seaport Global with “Buy”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, March 13. As per Thursday, April 27, the company rating was maintained by RBC Capital Markets. The stock of The Boeing Company (NYSE:BA) earned “Hold” rating by Bank of America on Wednesday, July 19. The rating was maintained by Cowen & Co on Wednesday, September 6 with “Buy”. Bernstein maintained The Boeing Company (NYSE:BA) on Wednesday, September 20 with “Buy” rating. The rating was maintained by RBC Capital Markets on Friday, September 1 with “Hold”. The firm has “Hold” rating given on Friday, April 28 by Canaccord Genuity. On Monday, August 28 the stock rating was maintained by Jefferies with “Buy”. The firm has “Buy” rating given on Monday, January 8 by Jefferies.

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