Ameritas Investment Partners Upped Stake in Cinemark Holdings (CNK) by $615,400 as Stock Value Declined; Cortland Advisers Has Boosted Its Position in Zions Bancorporation (ZION) by $49.53 Million

February 20, 2018 - By Winifred Garcia

Ameritas Investment Partners Inc increased its stake in Cinemark Holdings Inc (CNK) by 57.09% based on its latest 2017Q3 regulatory filing with the SEC. Ameritas Investment Partners Inc bought 18,100 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 49,804 shares of the movies and entertainment company at the end of 2017Q3, valued at $1.71 million, up from 31,704 at the end of the previous reported quarter. Ameritas Investment Partners Inc who had been investing in Cinemark Holdings Inc for a number of months, seems to be bullish on the $4.55 billion market cap company. The stock decreased 0.76% or $0.3 during the last trading session, reaching $39.03. About 985,661 shares traded. Cinemark Holdings, Inc. (NYSE:CNK) has risen 15.13% since February 20, 2017 and is uptrending. It has underperformed by 1.57% the S&P500.

Cortland Advisers Llc increased its stake in Zions Bancorporation (ZION) by 49.58% based on its latest 2017Q3 regulatory filing with the SEC. Cortland Advisers Llc bought 1.05M shares as the company’s stock declined 10.19% while stock markets rallied. The institutional investor held 3.18 million shares of the major banks company at the end of 2017Q3, valued at $150.01 million, up from 2.13 million at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Zions Bancorporation for a number of months, seems to be bullish on the $10.88B market cap company. The stock increased 0.55% or $0.3 during the last trading session, reaching $55.07. About 2.34M shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since February 20, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Among 30 analysts covering Zions Bancorporation (NASDAQ:ZION), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Zions Bancorporation had 122 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Hold” rating by Jefferies on Wednesday, July 27. Compass Point maintained the shares of ZION in report on Thursday, May 12 with “Neutral” rating. UBS maintained it with “Sell” rating and $20.0 target in Tuesday, January 26 report. Sandler O’Neill maintained it with “Buy” rating and $60.0 target in Tuesday, January 23 report. On Tuesday, October 25 the stock rating was downgraded by Keefe Bruyette & Woods to “Mkt Perform”. Barclays Capital upgraded Zions Bancorporation (NASDAQ:ZION) rating on Tuesday, August 18. Barclays Capital has “Overweight” rating and $40 target. The firm earned “Buy” rating on Tuesday, January 23 by Wells Fargo. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Equal-Weight” rating by Morgan Stanley on Wednesday, November 16. The stock has “Underperform” rating by Robert W. Baird on Monday, October 2. SunTrust maintained the shares of ZION in report on Tuesday, October 24 with “Buy” rating.

Since December 8, 2017, it had 0 insider buys, and 7 sales for $1.78 million activity. On Tuesday, February 13 Linderman LeeAnne B sold $159,120 worth of Zions Bancorporation (NASDAQ:ZION) or 3,060 shares. BLACKFORD DAVID E sold $105,992 worth of Zions Bancorporation (NASDAQ:ZION) on Tuesday, February 13. Hume Alexander also sold $387,649 worth of Zions Bancorporation (NASDAQ:ZION) on Wednesday, January 31. $764,781 worth of Zions Bancorporation (NASDAQ:ZION) was sold by Young Mark Richard on Friday, December 8. Shares for $67,844 were sold by LAURSEN THOMAS E on Wednesday, January 31.

Cortland Advisers Llc, which manages about $2.18B US Long portfolio, decreased its stake in Berkshire Hathaway Inc (BRKB) by 23,457 shares to 838,166 shares, valued at $153.65M in 2017Q3, according to the filing. It also reduced its holding in Nextera Energy Inc (NYSE:NEE) by 15,400 shares in the quarter, leaving it with 544,100 shares, and cut its stake in Prologis Inc (NYSE:PLD).

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It worsened, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. Huntington State Bank has 0% invested in Zions Bancorporation (NASDAQ:ZION). Ww Asset has invested 0.03% in Zions Bancorporation (NASDAQ:ZION). Alpine Woods Invsts owns 0.01% invested in Zions Bancorporation (NASDAQ:ZION) for 5,000 shares. Waratah Capital Advsrs has invested 0.16% in Zions Bancorporation (NASDAQ:ZION). Liberty Mutual Group Asset Mgmt invested in 0.02% or 8,662 shares. Clinton Gru owns 21,655 shares. Moreover, Exane Derivatives has 0.03% invested in Zions Bancorporation (NASDAQ:ZION). Ny State Common Retirement Fund invested 0.03% in Zions Bancorporation (NASDAQ:ZION). Asset Management One Limited reported 334,900 shares stake. Moreover, California State Teachers Retirement Systems has 0.04% invested in Zions Bancorporation (NASDAQ:ZION) for 342,469 shares. Amer Century reported 6.17M shares or 0.29% of all its holdings. Lsv Asset Mgmt holds 0.09% in Zions Bancorporation (NASDAQ:ZION) or 1.16M shares. Hightower Limited Liability Corp owns 0.07% invested in Zions Bancorporation (NASDAQ:ZION) for 182,657 shares. Pinnacle Lc stated it has 14,746 shares or 0.26% of all its holdings. Hartford Invest Mgmt Co holds 47,937 shares.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.15, from 1.07 in 2017Q2. It dived, as 42 investors sold CNK shares while 87 reduced holdings. 37 funds opened positions while 82 raised stakes. 109.53 million shares or 5.25% more from 104.06 million shares in 2017Q2 were reported. Northern Corporation holds 0.01% or 840,680 shares. Us Bancshares De stated it has 0% of its portfolio in Cinemark Holdings, Inc. (NYSE:CNK). 21,633 are owned by State Of Wisconsin Board. Orrstown Fincl Services Inc owns 46 shares. Comerica Bancorp holds 83,481 shares or 0.02% of its portfolio. Cadence Capital Mgmt Ltd Liability accumulated 0.04% or 16,546 shares. Anchor Capital Advsr Limited Liability Co reported 899,950 shares stake. Schwab Charles Inv Mngmt invested in 698,689 shares or 0.02% of the stock. 1832 Asset Mngmt Limited Partnership has 970,274 shares for 0.12% of their portfolio. 86,026 were accumulated by Mutual Of America Capital Mgmt Lc. Parallax Volatility Advisers Limited Partnership reported 171 shares. 8.91M were accumulated by Vanguard Group Inc. Liberty Mutual Grp Asset Management Incorporated invested in 0.05% or 27,712 shares. Price T Rowe Associate Md reported 33,050 shares or 0% of all its holdings. Meeder Asset holds 0% or 560 shares in its portfolio.

Since December 12, 2017, it had 0 buys, and 1 sale for $10.92 million activity.

Ameritas Investment Partners Inc, which manages about $2.11 billion US Long portfolio, decreased its stake in Trinity Inds Inc (NYSE:TRN) by 17,200 shares to 45,538 shares, valued at $1.31M in 2017Q3, according to the filing. It also reduced its holding in Dril (NYSE:DRQ) by 19,600 shares in the quarter, leaving it with 14,654 shares, and cut its stake in Smith A O (NYSE:AOS).

Among 21 analysts covering Cinemark Holdings (NYSE:CNK), 14 have Buy rating, 2 Sell and 5 Hold. Therefore 67% are positive. Cinemark Holdings had 65 analyst reports since July 23, 2015 according to SRatingsIntel. Wedbush maintained it with “Neutral” rating and $43 target in Thursday, February 16 report. The rating was upgraded by B. Riley & Co to “Buy” on Friday, August 7. On Wednesday, October 18 the stock rating was maintained by B. Riley & Co with “Buy”. The firm has “Buy” rating given on Friday, October 9 by M Partners. Benchmark initiated Cinemark Holdings, Inc. (NYSE:CNK) on Thursday, July 23 with “Buy” rating. The firm earned “Buy” rating on Monday, July 31 by B. Riley & Co. The rating was maintained by Piper Jaffray on Thursday, September 14 with “Buy”. As per Monday, June 13, the company rating was reinitiated by Credit Suisse. On Monday, September 28 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock has “Buy” rating by Goldman Sachs on Monday, October 31.