Cramer Rosenthal Mcglynn Has Trimmed American International Group (AIG) Position, Diamond Offshore Drilling IN (DO) Shorts Up By 9.75%

June 19, 2017 - By Maria Brooks

Cramer Rosenthal Mcglynn Llc decreased American International Group (AIG) stake by 64.7% reported in 2016Q4 SEC filing. Cramer Rosenthal Mcglynn Llc sold 610,905 shares as American International Group (AIG)’s stock declined 2.08%. The Cramer Rosenthal Mcglynn Llc holds 333,240 shares with $21.76M value, down from 944,145 last quarter. American International Group now has $58.85B valuation. The stock rose 0.08% or $0.05 reaching $63.84. About 1.35M shares traded. American International Group Inc (NYSE:AIG) has risen 8.59% since June 19, 2016 and is uptrending. It has underperformed by 8.11% the S&P500.

Diamond Offshore Drilling IN (NYSE:DO) had an increase of 9.75% in short interest. DO’s SI was 27.94M shares in June as released by FINRA. Its up 9.75% from 25.46 million shares previously. With 3.68 million avg volume, 8 days are for Diamond Offshore Drilling IN (NYSE:DO)’s short sellers to cover DO’s short positions. The SI to Diamond Offshore Drilling IN’s float is 43.67%. About 1.90 million shares traded. Diamond Offshore Drilling Inc (NYSE:DO) has declined 43.02% since June 19, 2016 and is downtrending. It has underperformed by 59.72% the S&P500.

Investors sentiment decreased to 0.71 in 2016 Q4. Its down 0.42, from 1.13 in 2016Q3. It dived, as 64 investors sold Diamond Offshore Drilling Inc shares while 90 reduced holdings. 42 funds opened positions while 68 raised stakes. 142.56 million shares or 4.41% less from 149.14 million shares in 2016Q3 were reported. Macquarie Grp Inc Ltd has invested 0% in Diamond Offshore Drilling Inc (NYSE:DO). Oregon Employees Retirement Fund holds 22,273 shares or 0.01% of its portfolio. Allianz Asset Ag owns 503,793 shares or 0.01% of their US portfolio. Prudential Financial Inc invested 0.02% in Diamond Offshore Drilling Inc (NYSE:DO). Luminus Mgmt Ltd Liability Co owns 396,500 shares or 0.16% of their US portfolio. Ftb stated it has 0% in Diamond Offshore Drilling Inc (NYSE:DO). Hikari stated it has 0.28% in Diamond Offshore Drilling Inc (NYSE:DO). Grantham Mayo Van Otterloo And Com Limited Liability Corporation accumulated 62,800 shares. Raymond James Associates has invested 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Guggenheim Capital Limited Com reported 0.01% in Diamond Offshore Drilling Inc (NYSE:DO). Pinebridge Invs Lp stated it has 0.08% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO). Corecommodity Ltd Limited Liability Company owns 3,669 shares or 0.06% of their US portfolio. Whitnell And holds 0% of its portfolio in Diamond Offshore Drilling Inc (NYSE:DO) for 350 shares. Kcg Inc reported 0.03% stake. 83,253 were accumulated by Retirement Sys Of Alabama.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry. The company has market cap of $1.61 billion. As of December 31, 2016, the Company had a fleet of 24 offshore drilling rigs. It currently has negative earnings. As of December 31, 2016, its fleet consisted of four drillships, 19 semisubmersible rigs and one jack-up rig.

Among 28 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Buy rating, 6 Sell and 16 Hold. Therefore 21% are positive. Diamond Offshore Drilling Inc. had 51 analyst reports since August 5, 2015 according to SRatingsIntel. On Friday, December 16 the stock rating was downgraded by RBC Capital Markets to “Underperform”. The firm earned “Buy” rating on Tuesday, May 31 by KLR Group. FBR Capital maintained the stock with “Underperform” rating in Tuesday, August 4 report. The stock has “Hold” rating by Tudor Pickering on Friday, March 24. The firm has “Sector Perform” rating given on Wednesday, September 14 by Howard Weil. The stock has “Accumulate” rating by Seaport Global on Monday, March 14. The rating was upgraded by Citigroup to “Neutral” on Friday, January 29. Nomura maintained it with “Reduce” rating and $17 target in Tuesday, August 16 report. Barclays Capital maintained the shares of DO in report on Monday, March 28 with “Underweight” rating. The company was upgraded on Monday, September 28 by Deutsche Bank.

Since May 22, 2017, it had 1 buying transaction, and 0 sales for $54,660 activity. Shares for $54,660 were bought by Gaffney Paul G on Monday, May 22.

Since May 18, 2017, it had 1 insider purchase, and 0 selling transactions for $4.92 million activity. The insider DUPERREAULT BRIAN bought 80,000 shares worth $4.92 million.

Investors sentiment increased to 0.61 in 2016 Q4. Its up 0.03, from 0.58 in 2016Q3. It improved, as 69 investors sold AIG shares while 385 reduced holdings. 82 funds opened positions while 197 raised stakes. 815.98 million shares or 2.49% less from 836.82 million shares in 2016Q3 were reported. Gotham Asset Mngmt Llc accumulated 4,636 shares. 1832 Asset Mngmt Limited Partnership accumulated 5,625 shares. Hirtle Callaghan Ltd Liability Corp has invested 0.01% in American International Group Inc (NYSE:AIG). Loring Wolcott Coolidge Fiduciary Advisors Limited Liability Partnership Ma has invested 0.01% of its portfolio in American International Group Inc (NYSE:AIG). Sei Commerce stated it has 0.15% of its portfolio in American International Group Inc (NYSE:AIG). The Washington-based Parametric Port Associate Limited Liability Company has invested 0.24% in American International Group Inc (NYSE:AIG). Wedge Cap Mgmt L Ltd Partnership Nc invested in 657,315 shares or 0.42% of the stock. Moreover, Engines Advisors Ltd Liability Corp has 0.01% invested in American International Group Inc (NYSE:AIG). Engineers Gate Manager Ltd Partnership has invested 0.04% of its portfolio in American International Group Inc (NYSE:AIG). Cramer Rosenthal Mcglynn Limited Liability Company reported 0.32% of its portfolio in American International Group Inc (NYSE:AIG). 21,857 are owned by Everence Management Inc. Mitsubishi Ufj Secs Ltd owns 150 shares. Citadel Advsr Ltd Liability holds 128,369 shares. Quadrant Cap Mgmt Ltd Liability Com invested in 44,301 shares. 1St Glob Advsrs has invested 0.05% of its portfolio in American International Group Inc (NYSE:AIG).

Among 18 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 3 Hold. Therefore 72% are positive. American International Group had 47 analyst reports since August 5, 2015 according to SRatingsIntel. The stock of American International Group Inc (NYSE:AIG) has “Buy” rating given on Friday, April 21 by Wells Fargo. As per Wednesday, November 4, the company rating was downgraded by Atlantic Securities. On Wednesday, August 5 the stock rating was maintained by Citigroup with “Buy”. The stock has “Hold” rating by Deutsche Bank on Friday, March 11. The stock of American International Group Inc (NYSE:AIG) earned “Mkt Perform” rating by FBR Capital on Monday, November 28. Keefe Bruyette & Woods upgraded the stock to “Outperform” rating in Tuesday, December 15 report. On Tuesday, February 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm earned “Neutral” rating on Friday, October 7 by Credit Suisse. The firm has “Buy” rating given on Thursday, October 29 by S&P Research. Argus Research maintained American International Group Inc (NYSE:AIG) rating on Wednesday, August 5. Argus Research has “Buy” rating and $70.0 target.

Cramer Rosenthal Mcglynn Llc increased Treehouse Foods Inc (NYSE:THS) stake by 751,652 shares to 1.34 million valued at $96.83 million in 2016Q4. It also upped Allergan Plc stake by 216,533 shares and now owns 529,325 shares. Steris Plc was raised too.

Analysts await American International Group Inc (NYSE:AIG) to report earnings on August, 1. They expect $1.23 earnings per share, up 25.51% or $0.25 from last year’s $0.98 per share. AIG’s profit will be $1.13B for 12.98 P/E if the $1.23 EPS becomes a reality. After $1.36 actual earnings per share reported by American International Group Inc for the previous quarter, Wall Street now forecasts -9.56% negative EPS growth.

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