Bbva Compass Bancshares Has Cut By $1.15 Million Its National Grid Group Plc Adr (NGG) Position, Tahoe Resources (TAHO) Shorts Up By 9.41%

May 16, 2017 - By Stephen Andrade

Tahoe Resources Incorporated (NYSE:TAHO) had an increase of 9.41% in short interest. TAHO’s SI was 6.75M shares in May as released by FINRA. Its up 9.41% from 6.17 million shares previously. With 2.34M avg volume, 3 days are for Tahoe Resources Incorporated (NYSE:TAHO)’s short sellers to cover TAHO’s short positions. The SI to Tahoe Resources Incorporated’s float is 2.22%. About 822,308 shares traded. Tahoe Resources Inc (NYSE:TAHO) has declined 17.15% since October 6, 2016 and is downtrending. It has underperformed by 27.80% the S&P500.

Bbva Compass Bancshares Inc decreased National Grid Group Plc Adr (NGG) stake by 67.75% reported in 2016Q4 SEC filing. Bbva Compass Bancshares Inc sold 19,843 shares as National Grid Group Plc Adr (NGG)’s stock declined 17.94%. The Bbva Compass Bancshares Inc holds 9,446 shares with $551,000 value, down from 29,289 last quarter. National Grid Group Plc Adr now has $51.22 billion valuation. The stock rose 0.28% or $0.19 reaching $67.79. About 481,037 shares traded or 6.04% up from the average. National Grid plc (ADR) (NYSE:NGG) has declined 0.96% since October 6, 2016 and is downtrending. It has underperformed by 11.61% the S&P500.

Tahoe Resources Inc. is a mine operations, and mineral exploration and development company. The company has market cap of $2.89 billion. The Company’s principal business activities are the exploration, development, operation and acquisition of mineral properties for the mining of precious metals in the Americas. It has a 19.53 P/E ratio. The Company’s business involves operating the Escobal mine, a silver mining operation located in southeastern Guatemala, the La Arena and Shahuindo mines, gold mining activities located in northwestern Peru, and the Bell Creek mine and mill and the Timmins West mine, gold mining activities located in northeastern Ontario, Canada.

Among 6 analysts covering Tahoe Resources (NYSE:TAHO), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Tahoe Resources had 9 analyst reports since October 8, 2015 according to SRatingsIntel. As per Friday, December 11, the company rating was initiated by JP Morgan. The rating was downgraded by JP Morgan on Tuesday, January 10 to “Neutral”. The stock of Tahoe Resources Inc (NYSE:TAHO) earned “Sector Outperform” rating by IBC on Thursday, October 8. The stock has “Neutral” rating by IBC on Thursday, January 19. RBC Capital Markets upgraded Tahoe Resources Inc (NYSE:TAHO) rating on Monday, December 12. RBC Capital Markets has “Outperform” rating and $19 target. The rating was downgraded by Raymond James to “Outperform” on Wednesday, April 20. Desjardins Securities initiated the shares of TAHO in report on Wednesday, August 31 with “Buy” rating. Bank of America initiated the stock with “Buy” rating in Friday, April 15 report.

Analysts await National Grid plc (ADR) (NYSE:NGG) to report earnings on May, 18 before the open.

Among 12 analysts covering National Grid (NYSE:NGG), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. National Grid had 19 analyst reports since September 18, 2015 according to SRatingsIntel. Macquarie Research upgraded the shares of NGG in report on Friday, September 18 to “Neutral” rating. Investec upgraded the shares of NGG in report on Friday, January 13 to “Buy” rating. The stock of National Grid plc (ADR) (NYSE:NGG) earned “Hold” rating by Berenberg on Thursday, May 11. The firm has “Hold” rating by Argus Research given on Thursday, April 7. Berenberg upgraded the shares of NGG in report on Friday, January 20 to “Buy” rating. Goldman Sachs initiated the stock with “Sell” rating in Tuesday, November 29 report. Bernstein downgraded the stock to “Mkt Perform” rating in Wednesday, September 7 report. Barclays Capital maintained National Grid plc (ADR) (NYSE:NGG) on Thursday, May 19 with “Overweight” rating. JP Morgan upgraded the shares of NGG in report on Wednesday, May 4 to “Overweight” rating. Bank of America upgraded the shares of NGG in report on Monday, May 15 to “Buy” rating.

Bbva Compass Bancshares Inc increased Ishares Russell Midcap Etf (IWR) stake by 9,785 shares to 392,660 valued at $70.23 million in 2016Q4. It also upped Vanguard Total Stock Mkt Etf (VTI) stake by 3,036 shares and now owns 7,287 shares. Monster Beverage Corp was raised too.