Signature Bank (SBNY) Holder John G Ullman & Associates Has Lifted Its Position; Gates Capital Management Boosted Davita (DVA) Holding by $21.64 Million

February 13, 2018 - By Clifton Ray

Jeffrey Gates increased its stake in Davita Inc (DVA) by 17.96% based on its latest 2017Q3 regulatory filing with the SEC. Gates Capital Management Inc bought 366,824 shares as the company’s stock declined 3.48% while stock markets rallied. The hedge fund run by Jeffrey Gates held 2.41 million shares of the hospital and nursing management company at the end of 2017Q3, valued at $143.10 million, up from 2.04 million at the end of the previous reported quarter. Gates Capital Management Inc who had been investing in Davita Inc for a number of months, seems to be bullish on the $13.48B market cap company. The stock increased 0.16% or $0.12 during the last trading session, reaching $73.53. About 409,661 shares traded. DaVita Inc. (NYSE:DVA) has declined 16.51% since February 13, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

John G Ullman & Associates Inc increased its stake in Signature Bank (SBNY) by 97.84% based on its latest 2017Q3 regulatory filing with the SEC. John G Ullman & Associates Inc bought 9,150 shares as the company’s stock declined 12.57% while stock markets rallied. The institutional investor held 18,502 shares of the major banks company at the end of 2017Q3, valued at $2.37M, up from 9,352 at the end of the previous reported quarter. John G Ullman & Associates Inc who had been investing in Signature Bank for a number of months, seems to be bullish on the $8.05B market cap company. The stock increased 0.28% or $0.42 during the last trading session, reaching $149.86. About 37,748 shares traded. Signature Bank (NASDAQ:SBNY) has risen 4.47% since February 13, 2017 and is uptrending. It has underperformed by 12.23% the S&P500.

Among 22 analysts covering Signature Bank (NASDAQ:SBNY), 16 have Buy rating, 0 Sell and 6 Hold. Therefore 73% are positive. Signature Bank had 67 analyst reports since July 22, 2015 according to SRatingsIntel. On Thursday, July 21 the stock rating was maintained by FBR Capital with “Outperform”. BMO Capital Markets maintained the stock with “Buy” rating in Monday, December 18 report. Hovde Group maintained the shares of SBNY in report on Wednesday, January 31 with “Hold” rating. Zacks upgraded it to “Buy” rating and $144 target in Wednesday, September 2 report. Bank of America maintained the stock with “Buy” rating in Wednesday, September 20 report. Zacks upgraded Signature Bank (NASDAQ:SBNY) on Thursday, August 27 to “Hold” rating. The firm earned “Outperform” rating on Wednesday, September 30 by RBC Capital Markets. The rating was downgraded by Raymond James to “Outperform” on Thursday, December 17. Jefferies maintained Signature Bank (NASDAQ:SBNY) rating on Thursday, July 20. Jefferies has “Buy” rating and $16900 target. Hovde Group downgraded Signature Bank (NASDAQ:SBNY) on Friday, November 18 to “Underperform” rating.

John G Ullman & Associates Inc, which manages about $1.08 billion and $512.87M US Long portfolio, decreased its stake in Mosaic Co (NYSE:MOS) by 113,500 shares to 21,700 shares, valued at $469,000 in 2017Q3, according to the filing.

Gates Capital Management Inc, which manages about $3.48 billion and $3.53B US Long portfolio, decreased its stake in Darling Ingredients Inc (NYSE:DAR) by 3.33M shares to 4.20M shares, valued at $73.60 million in 2017Q3, according to the filing. It also reduced its holding in Vista Outdoor Inc by 1.32 million shares in the quarter, leaving it with 3.73 million shares, and cut its stake in Versum Matls Inc.

Among 12 analysts covering DaVita (NYSE:DVA), 4 have Buy rating, 3 Sell and 5 Hold. Therefore 33% are positive. DaVita had 36 analyst reports since August 6, 2015 according to SRatingsIntel. Citigroup upgraded DaVita Inc. (NYSE:DVA) on Monday, December 11 to “Buy” rating. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, December 13. The stock of DaVita Inc. (NYSE:DVA) earned “Hold” rating by Jefferies on Monday, June 26. The rating was maintained by KeyBanc Capital Markets with “Hold” on Monday, November 13. RBC Capital Markets maintained it with “Sector Perform” rating and $71 target in Tuesday, February 16 report. SunTrust maintained the shares of DVA in report on Wednesday, December 20 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Thursday, November 2. On Tuesday, August 9 the stock rating was maintained by JP Morgan with “Neutral”. As per Monday, October 9, the company rating was downgraded by J.P. Morgan. As per Tuesday, September 6, the company rating was initiated by Citigroup.

Since December 7, 2017, it had 0 insider purchases, and 6 insider sales for $8.31 million activity. ZUMWALT LEANNE M sold 949 shares worth $64,711. THIRY KENT J sold 81,800 shares worth $5.57M. $1.52 million worth of DaVita Inc. (NYSE:DVA) shares were sold by Rodriguez Javier. The insider HILGER JAMES K sold $282,008.

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.19, from 1.08 in 2017Q2. It fall, as 50 investors sold DVA shares while 138 reduced holdings. 36 funds opened positions while 131 raised stakes. 159.24 million shares or 1.31% more from 157.19 million shares in 2017Q2 were reported. Pacad Inv stated it has 6,000 shares or 0.08% of all its holdings. Nationwide Fund owns 0.01% invested in DaVita Inc. (NYSE:DVA) for 43,254 shares. Riverhead Cap Mngmt Ltd Llc has 115,356 shares for 0.32% of their portfolio. Sun Life Fin has 1,134 shares for 0.01% of their portfolio. Panagora Asset Management reported 490,133 shares stake. Louisiana State Employees Retirement accumulated 9,600 shares or 0.03% of the stock. M&R Capital Management invested in 1,050 shares or 0.01% of the stock. Ontario Teachers Pension Plan Board accumulated 60,507 shares. Rbf Cap Ltd Liability Co owns 8,400 shares or 0.06% of their US portfolio. Weik Investment Svcs Incorporated has invested 0.27% in DaVita Inc. (NYSE:DVA). Employees Retirement Sys Of Ohio has invested 0.03% in DaVita Inc. (NYSE:DVA). Sumitomo Mitsui Asset Com Limited has 11,464 shares. Credit Suisse Ag accumulated 0.02% or 263,307 shares. State Of Alaska Department Of Revenue holds 0.13% or 44,285 shares in its portfolio. Asset Management has invested 0.03% in DaVita Inc. (NYSE:DVA).

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