Connor Clark & Lunn Investment Management LTD Decreased Transalta Corp. (TAC) Position, 3i Group plc (LON:III) Had 5 Bullish Analysts

June 21, 2017 - By Winifred Garcia

Among 8 analysts covering 3i Group PLC (LON:III), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. 3i Group PLC had 54 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Wednesday, February 17. The stock of 3i Group plc (LON:III) earned “Outperform” rating by RBC Capital Markets on Tuesday, September 29. The company was maintained on Friday, May 27 by Societe Generale. The rating was maintained by Citigroup with “Neutral” on Friday, November 13. The rating was maintained by Barclays Capital on Thursday, June 1 with “Overweight”. As per Thursday, November 10, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained 3i Group plc (LON:III) on Thursday, October 6 with “Buy” rating. As per Monday, December 7, the company rating was maintained by RBC Capital Markets. The stock has “Neutral” rating by Macquarie Research on Tuesday, January 10. The rating was maintained by Societe Generale on Friday, July 1 with “Buy”. See 3i Group plc (LON:III) latest ratings:

13/06/2017 Broker: Morgan Stanley Rating: Equal Weight Old Target: GBX 823.00 New Target: GBX 940.00 Downgrade
13/06/2017 Broker: Macquarie Research Rating: Neutral Old Target: GBX 742.00 New Target: GBX 825.00 Maintain
07/06/2017 Broker: Citigroup Rating: Neutral Old Target: GBX 710.00 New Target: GBX 980.00 Reiteration
01/06/2017 Broker: Barclays Capital Rating: Overweight New Target: GBX 980.00 Maintain
31/05/2017 Broker: JP Morgan Rating: Overweight Maintain
25/05/2017 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 875.00 New Target: GBX 975.00 Reiteration
19/05/2017 Broker: Barclays Capital Rating: Overweight Maintain
12/05/2017 Broker: Canaccord Genuity Rating: Buy New Target: GBX 875.00 Maintain
04/04/2017 Broker: Canaccord Genuity Rating: Buy Old Target: GBX 790.00 New Target: GBX 875.00 Reiteration
29/03/2017 Broker: Morgan Stanley Rating: Overweight Old Target: GBX 710.00 New Target: GBX 823.00 Upgrade

Connor Clark & Lunn Investment Management Ltd decreased Transalta Corp. (TAC) stake by 56.41% reported in 2016Q4 SEC filing. Connor Clark & Lunn Investment Management Ltd sold 324,150 shares as Transalta Corp. (TAC)’s stock declined 4.39%. The Connor Clark & Lunn Investment Management Ltd holds 250,500 shares with $1.39M value, down from 574,650 last quarter. Transalta Corp. now has $1.69 billion valuation. It is 0.00% or $0 reaching $5.85 per share. It is down 10.10% since June 21, 2016 and is uptrending. It has underperformed by 6.60% the S&P500.

Among 5 analysts covering TransAlta (NYSE:TAC), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. TransAlta had 11 analyst reports since August 24, 2015 according to SRatingsIntel. The firm earned “Underperform” rating on Wednesday, May 4 by RBC Capital Markets. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, February 19. As per Tuesday, August 25, the company rating was upgraded by IBC. On Monday, November 2 the stock rating was maintained by RBC Capital Markets with “Underperform”. The stock of TransAlta Corporation (USA) (NYSE:TAC) has “Sector Perform” rating given on Monday, November 23 by RBC Capital Markets. As per Monday, January 18, the company rating was downgraded by BMO Capital Markets. The stock of TransAlta Corporation (USA) (NYSE:TAC) has “Neutral” rating given on Wednesday, September 16 by Credit Suisse. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, November 7. BMO Capital Markets upgraded TransAlta Corporation (USA) (NYSE:TAC) on Monday, August 24 to “Market Perform” rating. National Bank Canada downgraded the stock to “Sector Perform” rating in Monday, February 13 report.

Connor Clark & Lunn Investment Management Ltd increased Penn West Petroleum Corp. (NYSE:PWE) stake by 2.22 million shares to 11.19M valued at $19.78M in 2016Q4. It also upped Timkensteel Corp (NYSE:TMST) stake by 57,319 shares and now owns 414,359 shares. Deere & Co. (NYSE:DE) was raised too.

3i Group plc is an investment company with approximately three complementary businesses, Private Equity, Infrastructure and Debt Management, specializing in core investment markets in northern Europe and North America. The company has market cap of 8.72 billion GBP. The Company’s Private Equity business includes investment and asset management to generate capital returns, and is focused on consumer, industrial and business services sectors. It has a 5.66 P/E ratio. The Company’s Infrastructure business includes investment and asset management to generate capital returns and cash income and focuses on the United Kingdom and Europe.

Since May 15, 2017, it had 1 buying transaction, and 0 insider sales for $59,852 activity. On Monday, May 15 the insider CONNORS MICHAEL P bought $59,852.

The stock decreased 0.55% or GBX 5 on June 21, reaching GBX 896.5. About 2.31M shares traded. 3i Group plc (LON:III) has 0.00% since June 21, 2016 and is . It has underperformed by 16.70% the S&P500.

Investors sentiment increased to 2.25 in 2016 Q4. Its up 0.61, from 1.64 in 2016Q3. It is positive, as 5 investors sold 3i Group plc shares while 15 reduced holdings. 20 funds opened positions while 25 raised stakes. 16.39 million shares or 4.01% less from 17.07 million shares in 2016Q3 were reported. Goldman Sachs Grp Inc Inc accumulated 94,216 shares. Credit Suisse Ag invested in 0% or 23,908 shares. Eagle Advsr Limited Liability Co owns 45,363 shares for 0% of their portfolio. 132,400 were reported by Wedge Cap Management L Limited Partnership Nc. Bnp Paribas Arbitrage Sa reported 0% stake. 810,000 are held by Punch And Assoc Management Inc. Tower Rech Cap Lc (Trc) holds 893 shares. Barclays Public Ltd Com accumulated 645 shares or 0% of the stock. Gsa Capital Ptnrs Llp reported 10,900 shares. First New York Llc Ny holds 49,461 shares. Renaissance Tech Ltd Company reported 1.90M shares or 0.01% of all its holdings. Thomson Horstmann & Bryant stated it has 0.88% in 3i Group plc (LON:III). 29,899 are owned by Panagora Asset Management. Manufacturers Life Insur The, Ontario – Canada-based fund reported 9,361 shares. 2,071 are held by Royal Savings Bank Of Canada.