Canandaigua National Bank & Trust Company Decreased Financial Institutions (FISI) Stake by $446,320; Scharf Investments Has Upped Its Stake in Advance Auto Parts (AAP) by $14.82 Million as Stock Value Declined

January 14, 2018 - By Peter Erickson

Scharf Investments Llc increased its stake in Advance Auto Parts Inc (AAP) by 9.71% based on its latest 2017Q3 regulatory filing with the SEC. Scharf Investments Llc bought 149,741 shares as the company’s stock declined 6.26% while stock markets rallied. The institutional investor held 1.69 million shares of the other specialty stores company at the end of 2017Q3, valued at $167.90 million, up from 1.54 million at the end of the previous reported quarter. Scharf Investments Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $8.56B market cap company. The stock increased 2.65% or $2.99 during the last trading session, reaching $115.94. About 1.58 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since January 14, 2017 and is uptrending. It has underperformed by 11.18% the S&P500.

Canandaigua National Bank & Trust Company decreased its stake in Financial Institutions Inc (FISI) by 3.23% based on its latest 2017Q3 regulatory filing with the SEC. Canandaigua National Bank & Trust Company sold 15,940 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 478,183 shares of the finance company at the end of 2017Q3, valued at $13.77M, down from 494,123 at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Financial Institutions Inc for a number of months, seems to be less bullish one the $518.22 million market cap company. The stock decreased 0.61% or $0.2 during the last trading session, reaching $32.55. About 28,608 shares traded. Financial Institutions, Inc. (NASDAQ:FISI) has risen 13.69% since January 14, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.

Among 2 analysts covering Financial Institutions (NASDAQ:FISI), 0 have Buy rating, 0 Sell and 2 Hold. Therefore 0 are positive. Financial Institutions had 6 analyst reports since September 16, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the shares of FISI in report on Tuesday, May 30 with “Hold” rating. The stock has “Hold” rating by Piper Jaffray on Tuesday, October 3. The stock of Financial Institutions, Inc. (NASDAQ:FISI) earned “Hold” rating by Keefe Bruyette & Woods on Friday, September 22. The firm earned “Overweight” rating on Wednesday, September 16 by Piper Jaffray. The rating was maintained by Piper Jaffray with “Hold” on Thursday, July 13. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Thursday, December 21.

Analysts await Financial Institutions, Inc. (NASDAQ:FISI) to report earnings on January, 23. They expect $0.50 EPS, down 12.28% or $0.07 from last year’s $0.57 per share. FISI’s profit will be $7.96M for 16.28 P/E if the $0.50 EPS becomes a reality. After $0.52 actual EPS reported by Financial Institutions, Inc. for the previous quarter, Wall Street now forecasts -3.85% negative EPS growth.

Canandaigua National Bank & Trust Company, which manages about $525.58M US Long portfolio, upped its stake in United Technologies Corp (NYSE:UTX) by 22,125 shares to 104,824 shares, valued at $12.17 million in 2017Q3, according to the filing. It also increased its holding in Verizon Communications (NYSE:VZ) by 6,266 shares in the quarter, for a total of 109,765 shares, and has risen its stake in Constellation Brands Inc Cl A (NYSE:STZ).

Since December 13, 2017, it had 1 buying transaction, and 0 insider sales for $32,340 activity.

Investors sentiment increased to 1.82 in Q3 2017. Its up 0.45, from 1.37 in 2017Q2. It improved, as 8 investors sold FISI shares while 30 reduced holdings. 21 funds opened positions while 48 raised stakes. 10.72 million shares or 6.55% more from 10.06 million shares in 2017Q2 were reported. Canandaigua Bankshares & owns 2.62% invested in Financial Institutions, Inc. (NASDAQ:FISI) for 478,183 shares. Thrivent Fincl For Lutherans reported 0.01% in Financial Institutions, Inc. (NASDAQ:FISI). Alliancebernstein Ltd Partnership holds 0% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI) for 11,100 shares. Bowling Portfolio Mngmt Ltd Liability Corporation owns 37,423 shares for 0.16% of their portfolio. California Pub Employees Retirement, a California-based fund reported 42,606 shares. Great West Life Assurance Can has 0% invested in Financial Institutions, Inc. (NASDAQ:FISI) for 1,500 shares. Citigroup Inc reported 0% stake. 24,131 were accumulated by Sterling Cap Management Limited Co. Martingale Asset Mngmt Limited Partnership has 0.03% invested in Financial Institutions, Inc. (NASDAQ:FISI) for 83,236 shares. Connecticut-based Aqr Capital Mngmt Ltd Liability Co has invested 0% in Financial Institutions, Inc. (NASDAQ:FISI). Foundry Prtn owns 157,315 shares or 0.18% of their US portfolio. Ameriprise owns 30,972 shares. Panagora Asset holds 0% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI) for 6,120 shares. Brandywine Glob Inv Management Ltd Liability Corp has 0% invested in Financial Institutions, Inc. (NASDAQ:FISI). Hightower holds 15,979 shares or 0% of its portfolio.

Scharf Investments Llc, which manages about $2.69 billion and $4.12 billion US Long portfolio, decreased its stake in Dollar Gen Corp New (NYSE:DG) by 43,807 shares to 2.70M shares, valued at $218.97M in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 34,000 shares in the quarter, leaving it with 1.02M shares, and cut its stake in Walgreens Boots Alliance Inc.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.07, from 1.07 in 2017Q2. It fall, as 72 investors sold AAP shares while 112 reduced holdings. 59 funds opened positions while 125 raised stakes. 74.92 million shares or 1.99% less from 76.44 million shares in 2017Q2 were reported. 28,169 were accumulated by Victory Cap Management. Canada Pension Plan Inv Board invested in 8,232 shares. Principal Financial Group Inc Inc holds 0.01% or 108,570 shares. Northwestern Mutual Wealth Mngmt invested 0% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Hall Laurie J Trustee has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Farmers And Merchants Invests, a Nebraska-based fund reported 20 shares. National Pension Ser stated it has 86,755 shares or 0.05% of all its holdings. Shell Asset Co holds 0.05% or 24,182 shares. Andra Ap accumulated 21,800 shares or 0.05% of the stock. Gamco Investors Et Al invested 0% in Advance Auto Parts, Inc. (NYSE:AAP). Gofen Glossberg Lc Il has invested 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP). Glenmede Na reported 0.01% stake. Suntrust Banks Incorporated, a Georgia-based fund reported 11,941 shares. California Pub Employees Retirement Sys reported 172,961 shares. United Automobile Association stated it has 0.01% in Advance Auto Parts, Inc. (NYSE:AAP).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: