Athena Capital Advisors Lifted Bank Amer (BAC) Stake, Kapstone Paper and Packaging Cor (KS) Sellers Decreased By 4.63% Their Shorts

July 5, 2017 - By Dolores Ford

Athena Capital Advisors Llc increased Bank Amer Corp (BAC) stake by 88% reported in 2016Q4 SEC filing. Athena Capital Advisors Llc acquired 38,190 shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Athena Capital Advisors Llc holds 81,590 shares with $1.80 million value, up from 43,400 last quarter. Bank Amer Corp now has $249.87 billion valuation. The stock increased 1.73% or $0.42 during the last trading session, reaching $24.68. About 4,484 shares traded. Bank of America Corp (NYSE:BAC) has risen 58.64% since July 5, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Kapstone Paper and Packaging Cor (NYSE:KS) had a decrease of 4.63% in short interest. KS’s SI was 4.51 million shares in July as released by FINRA. Its down 4.63% from 4.73 million shares previously. With 971,000 avg volume, 5 days are for Kapstone Paper and Packaging Cor (NYSE:KS)’s short sellers to cover KS’s short positions. The SI to Kapstone Paper and Packaging Cor’s float is 5.2%. The stock increased 5.09% or $1.05 on July 3, reaching $21.68. About shares traded. KapStone Paper and Packaging Corp. (NYSE:KS) has risen 45.78% since July 5, 2016 and is uptrending. It has outperformed by 29.08% the S&P500.

Among 27 analysts covering Bank of America (NYSE:BAC), 17 have Buy rating, 0 Sell and 10 Hold. Therefore 63% are positive. Bank of America had 62 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Thursday, September 10 by Wells Fargo. The company was upgraded on Tuesday, September 1 by Macquarie Research. Oppenheimer maintained Bank of America Corp (NYSE:BAC) on Saturday, September 5 with “Outperform” rating. The stock of Bank of America Corp (NYSE:BAC) earned “Neutral” rating by Guggenheim on Tuesday, November 15. The stock of Bank of America Corp (NYSE:BAC) has “Neutral” rating given on Wednesday, January 11 by UBS. On Tuesday, November 29 the stock rating was upgraded by Keefe Bruyette & Woods to “Outperform”. The rating was upgraded by Bernstein on Tuesday, September 1 to “Buy”. The rating was downgraded by Wood on Monday, May 16 to “Market Perform”. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by Wood on Friday, April 7. The firm has “Buy” rating by Vetr given on Tuesday, August 11.

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.09, from 1.01 in 2016Q3. It is positive, as 62 investors sold BAC shares while 560 reduced holdings. 207 funds opened positions while 479 raised stakes. 6.48 billion shares or 6.26% more from 6.10 billion shares in 2016Q3 were reported. Tiaa Cref Tru Fsb Mo stated it has 76,558 shares. Empirical Ltd Liability Com has invested 0.17% of its portfolio in Bank of America Corp (NYSE:BAC). Mesirow Financial Invest Management invested in 22,195 shares. D E Shaw reported 3.26M shares. Strategic Advsr Ltd Co has 0.13% invested in Bank of America Corp (NYSE:BAC) for 11,239 shares. Sandhill Capital Prns Limited Liability Corp holds 5.24% of its portfolio in Bank of America Corp (NYSE:BAC) for 862,984 shares. Ckw Gp has invested 0.21% in Bank of America Corp (NYSE:BAC). Moneta Gru Invest Lc owns 0.17% invested in Bank of America Corp (NYSE:BAC) for 38,257 shares. Discovery Cap Limited Liability Com Ct owns 3.44 million shares. First Foundation Advsr holds 18,027 shares. Moreover, First Citizens National Bank & Trust And Tru Communication has 0.65% invested in Bank of America Corp (NYSE:BAC). Federated Invsts Incorporated Pa reported 5.89M shares. Algebris Invs (Uk) Ltd Liability Partnership invested in 1.2% or 340,838 shares. Verition Fund Limited Liability Corp holds 57,902 shares. Ws Mngmt Lllp holds 1.35% or 1.50 million shares in its portfolio.