Acadian Asset Management Has Lowered China Telecom LTD (CHA) Stake; Financial Engines Has 1.13 Sentiment

May 24, 2017 - By Adrian Erickson

Financial Engines, Inc. is a provider of independent, technology-enabled financial advisory services, discretionary portfolio management, personalized investment advice, financial and retirement income planning, and financial education and guidance. The company has market cap of $2.46 billion. The Firm offers personalized plans for saving, investing, and generating retirement income, as well as by providing assessments of retirement income needs and readiness. It has a 66.5 P/E ratio. The Company’s advice and planning services cover employer-sponsored defined contribution accounts (401(k), 457, and 403(b) plans), individual retirement account (IRA) accounts, and taxable accounts.

Acadian Asset Management Llc decreased China Telecom Corp Ltd (CHA) stake by 68.7% reported in 2016Q4 SEC filing. Acadian Asset Management Llc sold 15,536 shares as China Telecom Corp Ltd (CHA)’s stock rose 2.55%. The Acadian Asset Management Llc holds 7,078 shares with $327,000 value, down from 22,614 last quarter. China Telecom Corp Ltd now has $40.05 billion valuation. The stock increased 0.75% or $0.37 during the last trading session, reaching $49.71. About 700 shares traded. China Telecom Corporation Limited (ADR) (NYSE:CHA) has risen 4.41% since May 24, 2016 and is uptrending. It has underperformed by 12.29% the S&P500.

Among 5 analysts covering China Telecom (NYSE:CHA), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. China Telecom had 9 analyst reports since August 21, 2015 according to SRatingsIntel. On Friday, November 11 the stock rating was upgraded by Morgan Stanley to “Overweight”. The company was upgraded on Friday, August 14 by Zacks. On Wednesday, June 15 the stock rating was downgraded by Citigroup to “Neutral”. The company was upgraded on Thursday, August 20 by Citigroup. The firm has “Outperform” rating by Bernstein given on Wednesday, November 9. On Friday, October 30 the stock rating was downgraded by Bernstein to “Mkt Perform”. The firm earned “Buy” rating on Wednesday, November 30 by Nomura. The stock of China Telecom Corporation Limited (ADR) (NYSE:CHA) earned “Outperform” rating by Credit Suisse on Tuesday, August 18.

Acadian Asset Management Llc increased Huntington Ingalls Inds Inc (NYSE:HII) stake by 3,545 shares to 15,367 valued at $2.83M in 2016Q4. It also upped United Parcel Service Inc (NYSE:UPS) stake by 264,441 shares and now owns 1.40M shares. Bed Bath & Beyond Inc (NASDAQ:BBBY) was raised too.

The stock decreased 0.63% or $0.25 during the last trading session, reaching $39.15. About shares traded. Financial Engines Inc (FNGN) has risen 53.10% since May 24, 2016 and is uptrending. It has outperformed by 36.40% the S&P500.