As Boeing Co (BA) Share Price Rose, Holder Riggs Asset Managment Company Has Trimmed Its Position; As Brocade Communications Sys Ico (BRCD) Stock Value Rose, Holder Gabelli Securities Cut Stake by $653,752

February 24, 2018 - By Ellis Scott

Riggs Asset Managment Company decreased its stake in Boeing Co (BA) by 32.49% based on its latest 2017Q3 regulatory filing with the SEC. Riggs Asset Managment Company sold 17,800 shares as the company’s stock rose 4.66% with the market. The institutional investor held 36,994 shares of the aerospace company at the end of 2017Q3, valued at $9.40M, down from 54,794 at the end of the previous reported quarter. Riggs Asset Managment Company who had been investing in Boeing Co for a number of months, seems to be less bullish one the $209.89 billion market cap company. The stock increased 0.21% or $0.74 during the last trading session, reaching $356.66. About 3.36 million shares traded. The Boeing Company (NYSE:BA) has risen 41.13% since February 24, 2017 and is uptrending. It has outperformed by 24.43% the S&P500.

Gabelli Securities Inc decreased its stake in Brocade Communications Sys Ico (BRCD) by 6.73% based on its latest 2017Q3 regulatory filing with the SEC. Gabelli Securities Inc sold 59,432 shares as the company’s stock rose 2.27% with the market. The hedge fund held 823,016 shares of the technology company at the end of 2017Q3, valued at $9.84M, down from 882,448 at the end of the previous reported quarter. Gabelli Securities Inc who had been investing in Brocade Communications Sys Ico for a number of months, seems to be less bullish one the $ market cap company. It closed at $12.73 lastly. It is up 58.47% since February 24, 2017 and is uptrending. It has outperformed by 41.77% the S&P500.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.05, from 0.86 in 2017Q2. It dropped, 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. 41,664 were accumulated by Princeton Capital. Wall Street Access Asset Management Ltd Liability Corp reported 2,683 shares. Keybank Association Oh holds 156,201 shares or 0.24% of its portfolio. Rathbone Brothers Public Limited Com accumulated 11,094 shares. Independence Tru reported 18,315 shares. Horizon Kinetics Ltd Company has 8,224 shares for 0.06% of their portfolio. United Kingdom-based Hsbc Holdg Public Limited Company has invested 0.56% in The Boeing Company (NYSE:BA). Palladium Prns Lc invested 1.43% in The Boeing Company (NYSE:BA). Naples Global Advsr Ltd Limited Liability Company invested 2.01% in The Boeing Company (NYSE:BA). Northern has invested 0.45% in The Boeing Company (NYSE:BA). Old Second Bankshares Of Aurora stated it has 568 shares. Mathes has invested 3.05% of its portfolio in The Boeing Company (NYSE:BA). Moreover, Garde Capital Incorporated has 0.38% invested in The Boeing Company (NYSE:BA). Wright Investors, Connecticut-based fund reported 17,907 shares. Fic reported 895 shares stake.

Among 25 analysts covering Boeing (NYSE:BA), 17 have Buy rating, 1 Sell and 7 Hold. Therefore 68% are positive. Boeing had 104 analyst reports since August 26, 2015 according to SRatingsIntel. Buckingham Research downgraded The Boeing Company (NYSE:BA) on Monday, February 13 to “Underperform” rating. As per Thursday, September 14, the company rating was maintained by Deutsche Bank. The rating was maintained by RBC Capital Markets on Friday, June 2 with “Sell”. The firm earned “Neutral” rating on Thursday, February 8 by Buckingham Research. The rating was initiated by Berenberg on Wednesday, March 29 with “Buy”. The stock of The Boeing Company (NYSE:BA) earned “Overweight” rating by Barclays Capital on Thursday, October 6. The firm earned “Buy” rating on Friday, March 24 by Jefferies. As per Thursday, February 1, the company rating was maintained by Bank of America. The stock of The Boeing Company (NYSE:BA) has “Buy” rating given on Tuesday, June 13 by Cowen & Co. The firm has “Hold” rating given on Tuesday, January 23 by RBC Capital Markets.

Riggs Asset Managment Company, which manages about $300.44M and $221.76 million US Long portfolio, upped its stake in Winnebago Industries (NYSE:WGO) by 142,413 shares to 142,645 shares, valued at $6.38 million in 2017Q3, according to the filing.

Since February 8, 2018, it had 0 insider buys, and 1 sale for $12.17 million activity.

Analysts await The Boeing Company (NYSE:BA) to report earnings on April, 25. They expect $2.73 EPS, up 35.82% or $0.72 from last year’s $2.01 per share. BA’s profit will be $1.61 billion for 32.66 P/E if the $2.73 EPS becomes a reality. After $4.80 actual EPS reported by The Boeing Company for the previous quarter, Wall Street now forecasts -43.13% negative EPS growth.

Gabelli Securities Inc, which manages about $1.30 billion and $867.10 million US Long portfolio, upped its stake in Level 3 Comm (NYSE:LVLT) by 32,400 shares to 337,043 shares, valued at $17.96 million in 2017Q3, according to the filing. It also increased its holding in Clovis Oncology Inc Com (NASDAQ:CLVS) by 8,700 shares in the quarter, for a total of 29,400 shares, and has risen its stake in Rice Energy Inc Com (NYSE:RICE).

Among 20 analysts covering Brocade Communications Systems Inc. (NASDAQ:BRCD), 3 have Buy rating, 2 Sell and 15 Hold. Therefore 15% are positive. Brocade Communications Systems Inc. had 58 analyst reports since August 19, 2015 according to SRatingsIntel. The stock of Brocade Communications Systems, (NASDAQ:BRCD) has “Buy” rating given on Thursday, February 18 by Wunderlich. The stock of Brocade Communications Systems, (NASDAQ:BRCD) has “Sell” rating given on Friday, August 26 by UBS. Robert W. Baird maintained the stock with “Hold” rating in Friday, September 29 report. As per Tuesday, November 24, the company rating was maintained by RBC Capital Markets. The stock of Brocade Communications Systems, (NASDAQ:BRCD) earned “Neutral” rating by Citigroup on Thursday, September 22. UBS maintained Brocade Communications Systems, (NASDAQ:BRCD) rating on Tuesday, January 5. UBS has “Sell” rating and $8.5 target. The rating was maintained by William Blair with “Market Perform” on Friday, August 21. The rating was downgraded by JP Morgan on Tuesday, November 24 to “Neutral”. The company was upgraded on Wednesday, November 2 by Robert W. Baird. The firm has “Hold” rating by Robert W. Baird given on Thursday, August 17.

Investors sentiment increased to 1.28 in Q3 2017. Its up 0.18, from 1.1 in 2017Q2. It is positive, as 25 investors sold BRCD shares while 72 reduced holdings. 37 funds opened positions while 87 raised stakes. 325.59 million shares or 0.35% more from 324.45 million shares in 2017Q2 were reported. Amalgamated Bancorp holds 77,502 shares. Metropolitan Life Insur has invested 0.03% in Brocade Communications Systems, (NASDAQ:BRCD). Yakira Cap Management has invested 1.13% in Brocade Communications Systems, (NASDAQ:BRCD). Susquehanna Grp Ltd Liability Partnership holds 123,468 shares or 0% of its portfolio. Nationwide Fund Advsr reported 762,145 shares. Royal Natl Bank Of Canada owns 128,559 shares or 0% of their US portfolio. Next Fincl Group Incorporated Incorporated invested 0.02% of its portfolio in Brocade Communications Systems, (NASDAQ:BRCD). The Illinois-based Ubs Asset Americas has invested 0% in Brocade Communications Systems, (NASDAQ:BRCD). Wellington Ltd Liability Partnership has 712,989 shares for 0% of their portfolio. 3.64M were accumulated by Omers Administration. Moors & Cabot holds 15,015 shares. Ameriprise Financial stated it has 0.04% in Brocade Communications Systems, (NASDAQ:BRCD). Renaissance Techs Llc has invested 0.24% in Brocade Communications Systems, (NASDAQ:BRCD). Stevens Mngmt Ltd Partnership accumulated 245,147 shares. Mutual Of America Cap Llc reported 338,390 shares.

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