Sirios Capital Management LP Lowered Western Alliance Bancorp (WAL) Holding By $25.97 Million, Truett-hurst (THST)’s Sentiment Is 0.4

May 30, 2017 - By Adrian Mccoy

Sirios Capital Management LP decreased Western Alliance Bancorp (WAL) stake by 56.19% reported in 2016Q4 SEC filing. Sirios Capital Management LP sold 541,127 shares as Western Alliance Bancorp (WAL)’s stock declined 13.36%. The Sirios Capital Management LP holds 421,885 shares with $20.55M value, down from 963,012 last quarter. Western Alliance Bancorp now has $4.79 billion valuation. The stock declined 0.89% or $0.41 reaching $45.51 per share. About 96,361 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since May 30, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.

Truett-Hurst, Inc. is a holding company. The company has market cap of $10.11 million. The Firm produces and sells wines and other select beverage alcohol products made from wine. It currently has negative earnings. The Company’s divisions include wholesale and direct to consumer.

About 7 shares traded. Truett-Hurst Inc (THST) has risen 30.77% since May 30, 2016 and is uptrending. It has outperformed by 14.07% the S&P500.

Bard Associates Inc holds 0.38% of its portfolio in Truett-Hurst Inc for 457,844 shares. North Star Investment Management Corp. owns 1.03 million shares or 0.28% of their US portfolio. Moreover, Blackrock Fund Advisors has 0% invested in the company for 708 shares. The New York-based Goldman Sachs Group Inc has invested 0% in the stock. Manufacturers Life Insurance Company The, a Ontario – Canada-based fund reported 1,254 shares.

Since January 1, 0001, it had 4 buys, and 2 sales for $61,254 activity.

Analysts await Western Alliance Bancorporation (NYSE:WAL) to report earnings on July, 20. They expect $0.72 EPS, up 16.13% or $0.10 from last year’s $0.62 per share. WAL’s profit will be $75.78M for 15.80 P/E if the $0.72 EPS becomes a reality. After $0.70 actual EPS reported by Western Alliance Bancorporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Investors sentiment increased to 1.23 in 2016 Q4. Its up 0.31, from 0.92 in 2016Q3. It increased, as 22 investors sold WAL shares while 92 reduced holdings. 58 funds opened positions while 82 raised stakes. 82.75 million shares or 1.12% more from 81.83 million shares in 2016Q3 were reported. Kbc Gru Nv accumulated 19,754 shares or 0.01% of the stock. Utd Cap Advisers Limited Liability holds 0% in Western Alliance Bancorporation (NYSE:WAL) or 6,669 shares. Victory Capital Management has 4.00 million shares. Solaris Asset Management Ltd Llc, New York-based fund reported 3,950 shares. Janus Mngmt Limited Company, Colorado-based fund reported 104,668 shares. Intrust Commercial Bank Na owns 7,372 shares for 0.14% of their portfolio. Dana Advsr holds 0.14% or 60,127 shares. Amalgamated Bancshares invested in 15,062 shares or 0.03% of the stock. Suntrust Banks Inc invested in 26,268 shares or 0.01% of the stock. Us National Bank & Trust De reported 50,763 shares. 202,600 are owned by California Public Employees Retirement. Moreover, Stifel Financial has 0.05% invested in Western Alliance Bancorporation (NYSE:WAL). First Tru Advsrs Ltd Partnership holds 393,776 shares. Blackrock Group Inc Ltd accumulated 185,830 shares or 0% of the stock. Paradigm Asset Management Limited Liability Co holds 0% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 14,300 shares.

Among 9 analysts covering Western Alliance Bancorp (NYSE:WAL), 8 have Buy rating, 0 Sell and 1 Hold. Therefore 89% are positive. Western Alliance Bancorp had 14 analyst reports since September 8, 2015 according to SRatingsIntel. The firm has “Buy” rating by Wood given on Tuesday, April 11. The firm has “Buy” rating by Jefferies given on Wednesday, April 5. On Tuesday, February 14 the stock rating was initiated by Barclays Capital with “Overweight”. FIG Partners upgraded the stock to “Outperform” rating in Tuesday, September 8 report. As per Wednesday, March 30, the company rating was upgraded by Wood. The firm has “Overweight” rating by Piper Jaffray given on Tuesday, October 13. RBC Capital Markets maintained it with “Outperform” rating and $46 target in Thursday, November 10 report. The rating was maintained by Macquarie Research with “Outperform” on Monday, October 19. DA Davidson upgraded it to “Buy” rating and $37 target in Thursday, February 11 report. The firm has “Market Perform” rating by Wells Fargo given on Thursday, September 1.

Sirios Capital Management LP increased Universal Hlth Svcs Inc (NYSE:UHS) stake by 129,699 shares to 516,165 valued at $54.91 million in 2016Q4. It also upped Vmware Inc (NYSE:VMW) stake by 55,046 shares and now owns 678,704 shares. Ptc Inc (NASDAQ:PTC) was raised too.