As Vantiv (VNTV) Share Price Declined, Palestra Capital Management Has Increased Its Position; Park Sterling (PSTB) Holding Increased by Cardinal Capital Management Llc

January 15, 2018 - By Darrin Black

Cardinal Capital Management Llc increased its stake in Park Sterling Corp (PSTB) by 38.69% based on its latest 2017Q3 regulatory filing with the SEC. Cardinal Capital Management Llc bought 326,292 shares as the company’s stock declined 4.16% while stock markets rallied. The institutional investor held 1.17M shares of the major banks company at the end of 2017Q3, valued at $14.53 million, up from 843,452 at the end of the previous reported quarter. Cardinal Capital Management Llc who had been investing in Park Sterling Corp for a number of months, seems to be bullish on the $682.11 million market cap company. The stock decreased 1.08% or $0.14 during the last trading session, reaching $12.87. About 631,772 shares traded or 312.14% up from the average. Park Sterling Corporation (NASDAQ:PSTB) has risen 58.90% since January 15, 2017 and is uptrending. It has outperformed by 42.20% the S&P500.

Andrew Immerman increased its stake in Vantiv Inc (VNTV) by 6.62% based on its latest 2017Q3 regulatory filing with the SEC. Palestra Capital Management Llc bought 65,900 shares as the company’s stock declined 5.33% while stock markets rallied. The hedge fund run by Andrew Immerman held 1.06M shares of the miscellaneous company at the end of 2017Q3, valued at $74.76M, up from 995,000 at the end of the previous reported quarter. Palestra Capital Management Llc who had been investing in Vantiv Inc for a number of months, seems to be bullish on the $13.80B market cap company. The stock increased 2.56% or $1.94 during the last trading session, reaching $77.6. About 12.16 million shares traded or 301.13% up from the average. Vantiv, Inc. (NYSE:VNTV) has risen 14.83% since January 15, 2017 and is uptrending. It has underperformed by 1.87% the S&P500.

Among 8 analysts covering Park Sterling (NASDAQ:PSTB), 0 have Buy rating, 0 Sell and 8 Hold. Therefore 0 are positive. Park Sterling had 19 analyst reports since December 2, 2015 according to SRatingsIntel. Stephens initiated Park Sterling Corporation (NASDAQ:PSTB) on Wednesday, December 2 with “Equal-Weight” rating. The stock of Park Sterling Corporation (NASDAQ:PSTB) has “Market Perform” rating given on Monday, October 31 by Hovde Group. Brean Capital initiated the stock with “Hold” rating in Friday, February 24 report. The stock of Park Sterling Corporation (NASDAQ:PSTB) earned “Outperform” rating by Hovde Group on Monday, February 8. The rating was maintained by Hovde Group with “Outperform” on Wednesday, January 13. The firm has “Hold” rating by Keefe Bruyette & Woods given on Tuesday, October 3. The rating was maintained by Keefe Bruyette & Woods on Tuesday, August 8 with “Hold”. The company was downgraded on Friday, November 4 by Sandler O’Neill. The firm earned “Hold” rating on Monday, October 23 by Brean Capital. The firm earned “Hold” rating on Monday, October 30 by Brean Capital.

Cardinal Capital Management Llc, which manages about $1.96 billion and $2.42 billion US Long portfolio, decreased its stake in Teledyne Technologies Inc (NYSE:TDY) by 30,706 shares to 424,873 shares, valued at $67.63 million 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 Ashland Global Hldgs Inc.

Since October 31, 2017, it had 0 buys, and 1 sale for $14,429 activity.

Investors sentiment decreased to 1.2 in 2017 Q3. Its down 0.02, from 1.22 in 2017Q2. It is negative, as 16 investors sold PSTB shares while 30 reduced holdings. 16 funds opened positions while 39 raised stakes. 43.08 million shares or 0.10% less from 43.13 million shares in 2017Q2 were reported. Franklin Street Inc Nc accumulated 0.03% or 15,384 shares. Schwab Charles Investment Management Inc owns 221,962 shares for 0% of their portfolio. 1.38 million were accumulated by Renaissance Technologies Limited Liability Co. D E Shaw Comm holds 0% in Park Sterling Corporation (NASDAQ:PSTB) or 53,078 shares. Sg Americas Ltd Liability Corp reported 422,507 shares stake. Water Island Capital Ltd Liability Corp invested in 1.94 million shares. Brown Brothers Harriman And has 0% invested in Park Sterling Corporation (NASDAQ:PSTB) for 16,500 shares. Bluefin Trading Limited Liability Corporation reported 0.06% stake. Morgan Stanley holds 0% or 104,663 shares in its portfolio. Nationwide Fund Advsr holds 0% in Park Sterling Corporation (NASDAQ:PSTB) or 37,926 shares. Great West Life Assurance Can reported 5,400 shares or 0% of all its holdings. Susquehanna Group Incorporated Llp accumulated 129,405 shares. Citigroup has 0% invested in Park Sterling Corporation (NASDAQ:PSTB). Wells Fargo Com Mn stated it has 0% in Park Sterling Corporation (NASDAQ:PSTB). Dalton Greiner Hartman Maher & Company has invested 0.12% in Park Sterling Corporation (NASDAQ:PSTB).

Investors sentiment decreased to 1.19 in Q3 2017. Its down 0.03, from 1.22 in 2017Q2. It fall, as 29 investors sold VNTV shares while 132 reduced holdings. 70 funds opened positions while 121 raised stakes. 182.48 million shares or 21.03% more from 150.77 million shares in 2017Q2 were reported. Navellier And holds 51,515 shares or 0.71% of its portfolio. Zweig reported 1.23% in Vantiv, Inc. (NYSE:VNTV). Greenleaf Trust invested in 0% or 209 shares. Novare Capital has 1.16% invested in Vantiv, Inc. (NYSE:VNTV) for 93,310 shares. Mountain Pacific Invest Advisers Inc Id holds 3.12% or 404,162 shares. The Illinois-based Driehaus Capital Management Limited Liability has invested 0.02% in Vantiv, Inc. (NYSE:VNTV). Bremer Tru Association, Minnesota-based fund reported 3,859 shares. 43 are owned by Thompson Davis. Profund Advsrs Ltd Liability invested in 0.01% or 3,185 shares. Caxton Assoc LP holds 7,500 shares. Elk Creek Limited Liability Com, a Colorado-based fund reported 59,161 shares. Geode Cap Mngmt Ltd Co has 1.21 million shares. California Employees Retirement owns 337,094 shares. Bank Of America De has 876,786 shares. Canada Pension Plan Board accumulated 0.04% or 288,595 shares.

Among 38 analysts covering Vantiv Inc (NYSE:VNTV), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Vantiv Inc had 98 analyst reports since July 31, 2015 according to SRatingsIntel. Suntrust Robinson upgraded Vantiv, Inc. (NYSE:VNTV) on Friday, January 8 to “Buy” rating. Stifel Nicolaus upgraded the stock to “Buy” rating in Thursday, August 10 report. Oppenheimer maintained Vantiv, Inc. (NYSE:VNTV) rating on Wednesday, July 5. Oppenheimer has “Buy” rating and $7000 target. Susquehanna upgraded Vantiv, Inc. (NYSE:VNTV) on Thursday, January 28 to “Positive” rating. The rating was downgraded by Goldman Sachs to “Neutral” on Friday, April 1. The stock of Vantiv, Inc. (NYSE:VNTV) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. Piper Jaffray maintained Vantiv, Inc. (NYSE:VNTV) on Tuesday, August 22 with “Hold” rating. On Tuesday, July 18 the stock rating was maintained by Robert W. Baird with “Buy”. The firm has “Outperform” rating given on Thursday, October 29 by RBC Capital Markets. Mizuho maintained it with “Hold” rating and $80.0 target in Thursday, January 4 report.

Palestra Capital Management Llc, which manages about $755.46M and $1.61 billion US Long portfolio, decreased its stake in First Data Corp New by 127,600 shares to 3.60 million shares, valued at $65.01 million in 2017Q3, according to the filing. It also reduced its holding in Praxair Inc (NYSE:PX) by 5,100 shares in the quarter, leaving it with 554,900 shares, and cut its stake in Charter Communications Inc N.

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