As Citizens Finl Group (CFG) Share Value Declined, Shareholder Elizabeth Park Capital Advisors LTD Decreased Its Stake; Cardinal Capital Management Holding In Silicon Motion Technology Co (SIMO) Was Boosted

February 21, 2018 - By Darrin Black

Cardinal Capital Management Llc increased its stake in Silicon Motion Technology Co (SIMO) by 10.72% based on its latest 2017Q3 regulatory filing with the SEC. Cardinal Capital Management Llc bought 110,298 shares as the company’s stock rose 17.92% with the market. The institutional investor held 1.14M shares of the semiconductors company at the end of 2017Q3, valued at $54.71M, up from 1.03M at the end of the previous reported quarter. Cardinal Capital Management Llc who had been investing in Silicon Motion Technology Co for a number of months, seems to be bullish on the $1.64B market cap company. The stock increased 0.95% or $0.43 during the last trading session, reaching $45.79. About 54,476 shares traded. Silicon Motion Technology Corporation (NASDAQ:SIMO) has risen 21.46% since February 21, 2017 and is uptrending. It has outperformed by 4.76% the S&P500.

Fred Cummings decreased its stake in Citizens Finl Group Inc (CFG) by 19.24% based on its latest 2017Q3 regulatory filing with the SEC. Elizabeth Park Capital Advisors Ltd sold 70,000 shares as the company’s stock declined 8.64% while stock markets rallied. The hedge fund run by Fred Cummings held 293,755 shares of the finance company at the end of 2017Q3, valued at $11.13M, down from 363,755 at the end of the previous reported quarter. Elizabeth Park Capital Advisors Ltd who had been investing in Citizens Finl Group Inc for a number of months, seems to be less bullish one the $22.99 billion market cap company. The stock increased 1.37% or $0.63 during the last trading session, reaching $46.72. About 432,148 shares traded. Citizens Financial Group, Inc. (NYSE:CFG) has risen 50.96% since February 21, 2017 and is uptrending. It has outperformed by 34.26% the S&P500.

Among 18 analysts covering Silicon Motion (NASDAQ:SIMO), 14 have Buy rating, 1 Sell and 3 Hold. Therefore 78% are positive. Silicon Motion had 41 analyst reports since July 28, 2015 according to SRatingsIntel. Northland Capital maintained Silicon Motion Technology Corporation (NASDAQ:SIMO) rating on Friday, July 7. Northland Capital has “Buy” rating and $6000 target. Bank of America downgraded Silicon Motion Technology Corporation (NASDAQ:SIMO) on Tuesday, August 18 to “Underperform” rating. The firm has “Buy” rating by Summit Redstone Partners given on Thursday, December 7. The company was maintained on Wednesday, July 29 by Brean Capital. The rating was maintained by Roth Capital on Monday, July 10 with “Buy”. The rating was downgraded by Standpoint Research on Tuesday, June 6 to “Sell”. Susquehanna initiated Silicon Motion Technology Corporation (NASDAQ:SIMO) on Tuesday, September 8 with “Positive” rating. The firm has “Buy” rating given on Tuesday, October 24 by Roth Capital. Craig Hallum maintained the shares of SIMO in report on Friday, January 19 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, January 3 by Pacific Crest.

Cardinal Capital Management Llc, which manages about $1.96B and $2.42B US Long portfolio, decreased its stake in Cu Bancorp Calif (NASDAQ:CUNB) by 52,341 shares to 13,773 shares, valued at $534,000 in 2017Q3, according to the filing. It also reduced its holding in Echo Global Logistics Inc (NASDAQ:ECHO) by 56,245 shares in the quarter, leaving it with 13,850 shares, and cut its stake in Ligand Pharmaceuticals Inc (NASDAQ:LGND).

Investors sentiment increased to 1.01 in Q3 2017. Its up 0.01, from 1 in 2017Q2. It improved, as 50 investors sold CFG shares while 178 reduced holdings. 55 funds opened positions while 175 raised stakes. 468.84 million shares or 1.38% less from 475.38 million shares in 2017Q2 were reported. 126,350 are owned by Wallington Asset Mngmt Ltd Liability. Brinker owns 0.01% invested in Citizens Financial Group, Inc. (NYSE:CFG) for 5,442 shares. Ngam Advsr Lp has 358,418 shares for 0.14% of their portfolio. Pinnacle has invested 0.23% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Css Ltd Liability Il owns 7,000 shares for 0.01% of their portfolio. National Pension Service owns 495,284 shares. Wisconsin-based Sii Invests Wi has invested 0.03% in Citizens Financial Group, Inc. (NYSE:CFG). Canada Pension Plan Inv Board invested in 0.25% or 3.17 million shares. Chicago Equity Ltd Liability Corporation has 0.57% invested in Citizens Financial Group, Inc. (NYSE:CFG). Chevy Chase Tru Incorporated has invested 0.08% in Citizens Financial Group, Inc. (NYSE:CFG). The Ohio-based James Inv Research Incorporated has invested 0.06% in Citizens Financial Group, Inc. (NYSE:CFG). Spark Investment Mgmt Ltd Liability Co invested 0.15% of its portfolio in Citizens Financial Group, Inc. (NYSE:CFG). Breton Hill Cap accumulated 27,347 shares. 882,432 are owned by State Teachers Retirement Sys. Wilbanks Smith And Thomas Asset Mngmt Limited Liability Co reported 0.03% stake.

Among 26 analysts covering Citizens Financial Group (NYSE:CFG), 12 have Buy rating, 3 Sell and 11 Hold. Therefore 46% are positive. Citizens Financial Group had 82 analyst reports since July 22, 2015 according to SRatingsIntel. Bernstein downgraded Citizens Financial Group, Inc. (NYSE:CFG) on Wednesday, November 16 to “Mkt Perform” rating. RBC Capital Markets maintained the stock with “Hold” rating in Friday, October 20 report. The rating was maintained by Citigroup with “Hold” on Monday, April 24. BMO Capital Markets upgraded the shares of CFG in report on Tuesday, December 19 to “Outperform” rating. The firm has “Outperform” rating by Oppenheimer given on Tuesday, January 5. The rating was maintained by Credit Suisse on Wednesday, October 14 with “Neutral”. The stock of Citizens Financial Group, Inc. (NYSE:CFG) has “Sell” rating given on Thursday, August 27 by Zacks. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Thursday, October 12 report. Citigroup maintained Citizens Financial Group, Inc. (NYSE:CFG) rating on Monday, June 6. Citigroup has “Buy” rating and $26 target. Piper Jaffray maintained it with “Buy” rating and $40.0 target in Sunday, September 17 report.

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