Edinburgh Partners LTD Lifted Ternium Sa (TX) Holding by $768,000; Bank Of America (BAC) Holder Honeywell International Raised Stake by $7.53 Million

February 17, 2018 - By Marguerite Chambers

Sandy Nairn increased its stake in Ternium Sa (TX) by 246.15% based on its latest 2017Q3 regulatory filing with the SEC. Edinburgh Partners Ltd bought 25,600 shares as the company’s stock rose 9.85% with the market. The hedge fund run by Sandy Nairn held 36,000 shares of the steel and iron ore company at the end of 2017Q3, valued at $1.11M, up from 10,400 at the end of the previous reported quarter. Edinburgh Partners Ltd who had been investing in Ternium Sa for a number of months, seems to be bullish on the $7.20 billion market cap company. The stock increased 1.75% or $0.63 during the last trading session, reaching $36.67. About 430,351 shares traded or 17.09% up from the average. Ternium S.A. (NYSE:TX) has risen 39.67% since February 17, 2017 and is uptrending. It has outperformed by 22.97% the S&P500.

Honeywell International Inc increased its stake in Bank Of America Corp (BAC) by 15.03% based on its latest 2017Q3 regulatory filing with the SEC. Honeywell International Inc bought 301,300 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 2.31 million shares of the major banks company at the end of 2017Q3, valued at $58.44M, up from 2.00 million at the end of the previous reported quarter. Honeywell International Inc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $328.89 billion market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 17, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 7 analysts covering Ternium (NYSE:TX), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Ternium had 13 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Buy” rating by HSBC given on Friday, May 13. Citigroup upgraded the shares of TX in report on Wednesday, February 24 to “Buy” rating. The rating was upgraded by Morgan Stanley to “Overweight” on Wednesday, December 6. On Thursday, February 8 the stock rating was maintained by Scotia Capital with “Buy”. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Monday, May 9 report. Morgan Stanley upgraded the shares of TX in report on Monday, December 7 to “Overweight” rating. On Monday, August 10 the stock rating was initiated by Goldman Sachs with “Buy”. The firm earned “Hold” rating on Wednesday, November 9 by HSBC.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It worsened, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Corvex Management LP holds 7.02M shares or 6.69% of its portfolio. Legacy Cap Prtnrs holds 1.04% or 77,740 shares. Usca Ria Ltd has 0.42% invested in Bank of America Corporation (NYSE:BAC). 7.94 million were reported by Barclays Public Limited Co. Invesco Limited has 0.87% invested in Bank of America Corporation (NYSE:BAC) for 93.21M shares. Rfg Advisory Gp Llc stated it has 0.27% in Bank of America Corporation (NYSE:BAC). Polar Capital Llp reported 0.74% in Bank of America Corporation (NYSE:BAC). Voya Inv Ltd Liability Corp holds 0.43% of its portfolio in Bank of America Corporation (NYSE:BAC) for 7.95M shares. 71,581 are held by Ipg Inv Advsr Limited Liability Co. Hoertkorn Richard Charles owns 406,476 shares. Arete Wealth Advsrs Ltd Limited Liability Company holds 2.44% in Bank of America Corporation (NYSE:BAC) or 241,615 shares. Moreover, Shapiro Capital Mngmt Ltd has 3.8% invested in Bank of America Corporation (NYSE:BAC) for 6.60 million shares. Los Angeles Capital Mngmt Equity has 0.43% invested in Bank of America Corporation (NYSE:BAC). Moody Savings Bank Division invested in 50,158 shares or 0.06% of the stock. Clough Cap LP holds 4.27% or 2.51M shares.

Honeywell International Inc, which manages about $2.85 billion US Long portfolio, decreased its stake in Mastercard Inc (NYSE:MA) by 69,800 shares to 211,800 shares, valued at $29.91 million in 2017Q3, according to the filing. It also reduced its holding in Cvs Health Corp (NYSE:CVS) by 199,600 shares in the quarter, leaving it with 398,100 shares, and cut its stake in Visa Inc (NYSE:V).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts