Retirement Systems Of Alabama Lowered Citigroup (C) Stake by $5.62 Million; As B2gold (BTG) Share Price Declined, Holder Sprott Cut Its Holding by $10.53 Million

February 19, 2018 - By Stephen Andrade

Eric Sprott decreased its stake in B2gold Corp (BTG) by 81.51% based on its latest 2017Q3 regulatory filing with the SEC. Sprott Inc sold 5.27M shares as the company’s stock declined 22.67% while stock markets rallied. The hedge fund run by Eric Sprott held 1.19 million shares of the precious metals company at the end of 2017Q3, valued at $3.35M, down from 6.46 million at the end of the previous reported quarter. Sprott Inc who had been investing in B2gold Corp for a number of months, seems to be less bullish one the $2.80 billion market cap company. The stock decreased 4.90% or $0.15 during the last trading session, reaching $2.91. About 5.57 million shares traded or 24.63% up from the average. B2Gold Corp. (NYSEMKT:BTG) has risen 23.27% since February 19, 2017 and is uptrending. It has outperformed by 6.57% the S&P500.

Retirement Systems Of Alabama decreased its stake in Citigroup Inc (C) by 3.31% based on its latest 2017Q3 regulatory filing with the SEC. Retirement Systems Of Alabama sold 78,103 shares as the company’s stock rose 1.55% with the market. The institutional investor held 2.28M shares of the major banks company at the end of 2017Q3, valued at $165.94 million, down from 2.36 million at the end of the previous reported quarter. Retirement Systems Of Alabama who had been investing in Citigroup Inc for a number of months, seems to be less bullish one the $197.41B market cap company. The stock decreased 0.34% or $0.26 during the last trading session, reaching $76.82. About 11.64M shares traded. Citigroup Inc. (NYSE:C) has risen 35.60% since February 19, 2017 and is uptrending. It has outperformed by 18.90% the S&P500.

Among 40 analysts covering Citigroup Inc. (NYSE:C), 19 have Buy rating, 3 Sell and 18 Hold. Therefore 48% are positive. Citigroup Inc. had 116 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by KeyBanc Capital Markets to “Sector Weight” on Tuesday, January 5. Societe Generale downgraded Citigroup Inc. (NYSE:C) on Monday, October 16 to “Sell” rating. The stock has “Buy” rating by CLSA on Friday, September 23. Oppenheimer maintained it with “Outperform” rating and $72 target in Friday, October 16 report. Morgan Stanley maintained the shares of C in report on Friday, October 13 with “Overweight” rating. The company was downgraded on Wednesday, September 27 by Raymond James. Deutsche Bank maintained the shares of C in report on Wednesday, August 12 with “Hold” rating. The stock has “Overweight” rating by Morgan Stanley on Monday, November 14. Barclays Capital maintained Citigroup Inc. (NYSE:C) rating on Monday, March 14. Barclays Capital has “Overweight” rating and $60 target. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6.

Retirement Systems Of Alabama, which manages about $19.18 billion US Long portfolio, upped its stake in Altria Group Inc (NYSE:MO) by 354,735 shares to 1.39 million shares, valued at $88.29 million in 2017Q3, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 82,041 shares in the quarter, for a total of 761,244 shares, and has risen its stake in Alexander & Baldwin Inc New (NYSE:ALEX).

Investors sentiment increased to 1.35 in Q3 2017. Its up 0.25, from 1.1 in 2017Q2. It improved, as 56 investors sold C shares while 400 reduced holdings. 125 funds opened positions while 492 raised stakes. 2.04 billion shares or 0.42% more from 2.03 billion shares in 2017Q2 were reported. Beech Hill accumulated 72,526 shares or 2.78% of the stock. Farmers Tru reported 1.04% in Citigroup Inc. (NYSE:C). Swift Run Management Llc reported 2,500 shares. The Pennsylvania-based Citizens And Northern has invested 1.64% in Citigroup Inc. (NYSE:C). Synovus Fincl Corporation reported 97,581 shares or 0.13% of all its holdings. Wade G W Incorporated holds 0.1% in Citigroup Inc. (NYSE:C) or 10,841 shares. Gmt Cap reported 4.07% stake. Natixis holds 0.03% in Citigroup Inc. (NYSE:C) or 40,821 shares. Amp Capital has 1.64M shares for 0.67% of their portfolio. Regent Investment Mngmt has invested 0.61% in Citigroup Inc. (NYSE:C). Texas Permanent School Fund owns 755,056 shares for 0.7% of their portfolio. Inv House Ltd has invested 0.16% of its portfolio in Citigroup Inc. (NYSE:C). Hirtle Callaghan And Co Limited Company has 3,978 shares. Three Corner Investors Ltd Partnership owns 462,200 shares. Meridian Counsel Inc has invested 0.95% in Citigroup Inc. (NYSE:C).

Analysts await B2Gold Corp. (NYSEAMERICAN:BTG) to report earnings on March, 15. BTG’s profit will be $19.23M for 36.38 P/E if the $0.02 EPS becomes a reality. After $0.01 actual earnings per share reported by B2Gold Corp. for the previous quarter, Wall Street now forecasts 100.00% EPS growth.

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