Sirios Capital Management LP Trimmed Western Alliance Bancorp (WAL) Stake By $25.97 Million; Dynamic Capital Management LTD Has Upped Anglogold Ashanti LTD (AU) Position

July 14, 2017 - By Nellie Frank

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 $5.13 billion valuation. The stock declined 1.09% or $0.54 reaching $48.9 per share. About 164,376 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since July 14, 2016 and is uptrending. It has outperformed by 12.38% the S&P500.

Dynamic Capital Management Ltd increased Anglogold Ashanti Ltd (AU) stake by 245.13% reported in 2016Q4 SEC filing. Dynamic Capital Management Ltd acquired 200,190 shares as Anglogold Ashanti Ltd (AU)’s stock declined 10.16%. The Dynamic Capital Management Ltd holds 281,857 shares with $2.96M value, up from 81,667 last quarter. Anglogold Ashanti Ltd now has $3.99 billion valuation. The stock rose 0.56% or $0.05 reaching $9.85 per share. About 1.82 million shares traded. AngloGold Ashanti Limited (ADR) (NYSE:AU) has declined 18.89% since July 14, 2016 and is downtrending. It has underperformed by 35.59% the S&P500.

Analysts await Western Alliance Bancorporation (NYSE:WAL) to report earnings on July, 20. They expect $0.72 earnings per share, up 16.13% or $0.10 from last year’s $0.62 per share. WAL’s profit will be $75.53M for 16.98 P/E if the $0.72 EPS becomes a reality. After $0.70 actual earnings per share reported by Western Alliance Bancorporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Sirios Capital Management LP increased Valvoline Inc stake by 144,146 shares to 747,974 valued at $16.08 million in 2016Q4. It also upped Vimpelcom Ltd (NASDAQ:VIP) stake by 403,263 shares and now owns 4.84 million shares. Constellation Brands Inc (NYSE:STZ) was raised too.

Among 10 analysts covering Western Alliance Bancorp (NYSE:WAL), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Western Alliance Bancorp had 17 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Wednesday, July 5 by RBC Capital Markets. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Overweight” rating by Piper Jaffray on Tuesday, October 13. DA Davidson upgraded Western Alliance Bancorporation (NYSE:WAL) rating on Thursday, February 11. DA Davidson has “Buy” rating and $37 target. On Wednesday, April 5 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Friday, June 23 by Jefferies. Wells Fargo initiated the stock with “Market Perform” rating in Thursday, September 1 report. As per Tuesday, September 8, the company rating was upgraded by FIG Partners. The rating was initiated by Barclays Capital with “Overweight” on Tuesday, February 14. The rating was maintained by Macquarie Research with “Outperform” on Monday, October 19. Keefe Bruyette & Woods maintained the shares of WAL in report on Monday, June 26 with “Buy” rating.

Investors sentiment increased to 1.23 in Q4 2016. 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. 25,351 were accumulated by Zacks Inv Mgmt. Financial Advisers Lc reported 6,669 shares. Swiss Bancorporation invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). The Ohio-based Fifth Third National Bank has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Tdam Usa Inc reported 0.06% stake. Zweig invested in 195,205 shares or 0.68% of the stock. Quantitative Systematic Strategies Limited holds 0.28% or 14,133 shares in its portfolio. Princeton Alpha Mngmt Limited Partnership stated it has 0.18% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). State Board Of Administration Of Florida Retirement has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Navellier & Associates owns 0.13% invested in Western Alliance Bancorporation (NYSE:WAL) for 15,809 shares. Carlson Ltd Partnership holds 0.14% in Western Alliance Bancorporation (NYSE:WAL) or 239,093 shares. Ftb reported 159 shares. Gp One Trading Limited Partnership reported 0% in Western Alliance Bancorporation (NYSE:WAL). Bnp Paribas Arbitrage has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Aqr Cap Management Ltd Liability Corp reported 122,848 shares or 0.01% of all its holdings.

Since January 27, 2017, it had 0 buys, and 24 sales for $18.75 million activity. 3,000 shares were sold by CADY GERALD A, worth $155,070 on Tuesday, March 7. Shares for $106,600 were sold by Guedry John. $349,751 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by Theisen Randall S. NAVE JAMES E D V M sold $245,000 worth of stock or 5,000 shares. On Friday, March 3 Taylor Patricia A sold $583,113 worth of Western Alliance Bancorporation (NYSE:WAL) or 11,257 shares. Another trade for 10,000 shares valued at $535,500 was made by NAGY M NAFEES on Wednesday, March 1. MARSHALL TODD sold $1.51M worth of stock or 29,535 shares.

Dynamic Capital Management Ltd decreased Frontier Communications Corp (NASDAQ:FTR) stake by 433,290 shares to 381,572 valued at $1.29M in 2016Q4. It also reduced Wesco Intl Inc (NYSE:WCC) stake by 5,666 shares and now owns 12,243 shares. Albemarle Corp (NYSE:ALB) was reduced too.

Among 4 analysts covering Anglogold Ashanti Limited (NYSE:AU), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Anglogold Ashanti Limited had 10 analyst reports since August 18, 2015 according to SRatingsIntel. On Monday, January 18 the stock rating was upgraded by Goldman Sachs to “Buy”. The stock of AngloGold Ashanti Limited (ADR) (NYSE:AU) earned “Buy” rating by Goldman Sachs on Friday, January 15. The company was downgraded on Tuesday, May 10 by Citigroup. The firm earned “Neutral” rating on Tuesday, February 23 by Citigroup. The stock has “Sector Perform” rating by RBC Capital Markets on Monday, April 24. The rating was upgraded by RBC Capital Markets to “Outperform” on Monday, April 11. The firm earned “Sector Perform” rating on Tuesday, March 8 by RBC Capital Markets.