Wbi Investments Has Cut Its Barnes Group (B) Stake by $5.06 Million; Stock Rose; Sprint (S) Holder Credit Agricole S A Has Upped Holding

February 24, 2018 - By Nellie Frank

Wbi Investments Inc decreased its stake in Barnes Group Inc (B) by 78.59% based on its latest 2017Q3 regulatory filing with the SEC. Wbi Investments Inc sold 72,276 shares as the company’s stock rose 8.42% with the market. The institutional investor held 19,687 shares of the capital goods company at the end of 2017Q3, valued at $1.39M, down from 91,963 at the end of the previous reported quarter. Wbi Investments Inc who had been investing in Barnes Group Inc for a number of months, seems to be less bullish one the $3.39B market cap company. The stock decreased 0.70% or $0.45 during the last trading session, reaching $63.69. About 206,699 shares traded. Barnes Group Inc. (NYSE:B) has risen 67.01% since February 24, 2017 and is uptrending. It has outperformed by 50.31% the S&P500.

Credit Agricole S A increased its stake in Sprint Corporation (S) by 19.55% based on its latest 2017Q3 regulatory filing with the SEC. Credit Agricole S A bought 154,480 shares as the company’s stock declined 13.23% while stock markets rallied. The institutional investor held 944,555 shares of the telecommunications equipment company at the end of 2017Q3, valued at $7.35M, up from 790,075 at the end of the previous reported quarter. Credit Agricole S A who had been investing in Sprint Corporation for a number of months, seems to be bullish on the $21.22B market cap company. The stock increased 1.34% or $0.07 during the last trading session, reaching $5.3. About 9.00M shares traded. Sprint Corporation (NYSE:S) has risen 120.49% since February 24, 2017 and is uptrending. It has outperformed by 103.79% the S&P500.

Wbi Investments Inc, which manages about $2.52B and $2.27 billion US Long portfolio, upped its stake in Cvr Energy Inc (NYSE:CVI) by 14,078 shares to 24,358 shares, valued at $631,000 in 2017Q3, according to the filing. It also increased its holding in Wisdomtree Tr (ALD) by 26,966 shares in the quarter, for a total of 54,951 shares, and has risen its stake in Blackrock Inc (NYSE:BLK).

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.13, from 1.12 in 2017Q2. It improved, as 13 investors sold B shares while 74 reduced holdings. 42 funds opened positions while 67 raised stakes. 45.71 million shares or 1.16% more from 45.18 million shares in 2017Q2 were reported. Piedmont Inv Advsr Ltd Liability holds 0.05% or 30,519 shares. 4,250 were reported by Teton. Price T Rowe Assoc Md has 1.67 million shares for 0.02% of their portfolio. Mufg Americas Holdings owns 0% invested in Barnes Group Inc. (NYSE:B) for 953 shares. Pnc Svcs Grp has 139,004 shares. Swiss Bancorporation stated it has 0.01% of its portfolio in Barnes Group Inc. (NYSE:B). Hightower Ltd Co has 0.01% invested in Barnes Group Inc. (NYSE:B). Natixis reported 0% stake. Federated Invsts Inc Pa holds 0.03% of its portfolio in Barnes Group Inc. (NYSE:B) for 137,488 shares. Us Bank De accumulated 52,679 shares. Adams Diversified Equity Fund accumulated 18,800 shares or 0.07% of the stock. Visionary Asset Management holds 3,069 shares or 0.06% of its portfolio. Pacad Invest reported 100 shares stake. Hsbc Holding Public Ltd reported 0% stake. Aperio Gp Ltd Co has 0.01% invested in Barnes Group Inc. (NYSE:B).

Since February 21, 2018, it had 1 buying transaction, and 3 insider sales for $638,983 activity. Hipple Richard J had bought 1,300 shares worth $80,678 on Wednesday, February 21. $63,500 worth of Barnes Group Inc. (NYSE:B) was sold by MANGUM MYLLE H on Wednesday, February 21. BARNES THOMAS O sold 2,500 shares worth $160,000.

Among 8 analysts covering Barnes Group (NYSE:B), 4 have Buy rating, 0 Sell and 4 Hold. Therefore 50% are positive. Barnes Group had 24 analyst reports since July 28, 2015 according to SRatingsIntel. Robert W. Baird maintained the stock with “Hold” rating in Friday, February 16 report. The stock has “Hold” rating by SunTrust on Monday, January 8. The stock has “Buy” rating by Oppenheimer on Friday, July 28. The firm earned “Outperform” rating on Friday, August 7 by Oppenheimer. The stock of Barnes Group Inc. (NYSE:B) has “Hold” rating given on Thursday, September 7 by Robert W. Baird. SunTrust initiated Barnes Group Inc. (NYSE:B) on Thursday, January 19 with “Hold” rating. The firm earned “Buy” rating on Tuesday, January 12 by Sidoti. The rating was maintained by Robert W. Baird with “Hold” on Friday, October 27. The firm has “Buy” rating by Deutsche Bank given on Friday, September 8. The company was initiated on Friday, December 11 by DA Davidson.

Analysts await Barnes Group Inc. (NYSE:B) to report earnings on April, 27. They expect $0.68 EPS, down 4.23% or $0.03 from last year’s $0.71 per share. B’s profit will be $36.19M for 23.42 P/E if the $0.68 EPS becomes a reality. After $0.71 actual EPS reported by Barnes Group Inc. for the previous quarter, Wall Street now forecasts -4.23% negative EPS growth.

Among 28 analysts covering Sprint Nextel Corporation (NYSE:S), 4 have Buy rating, 8 Sell and 16 Hold. Therefore 14% are positive. Sprint Nextel Corporation had 81 analyst reports since July 24, 2015 according to SRatingsIntel. KeyBanc Capital Markets upgraded the stock to “Sector Weight” rating in Monday, February 5 report. The stock of Sprint Corporation (NYSE:S) has “Outperform” rating given on Wednesday, August 5 by Wells Fargo. On Thursday, October 26 the stock rating was maintained by Nomura with “Neutral”. Piper Jaffray downgraded Sprint Corporation (NYSE:S) on Wednesday, July 22 to “Overweight” rating. Jefferies maintained the stock with “Underperform” rating in Tuesday, November 7 report. The stock has “Underweight” rating by KeyBanc Capital Markets on Tuesday, January 2. The stock of Sprint Corporation (NYSE:S) has “Hold” rating given on Tuesday, July 26 by Argus Research. The rating was upgraded by KeyBanc Capital Markets to “Hold” on Friday, February 2. Macquarie Research downgraded the stock to “Underperform” rating in Tuesday, January 23 report. The stock of Sprint Corporation (NYSE:S) has “Hold” rating given on Friday, February 2 by Robert W. Baird.

Investors sentiment decreased to 0.86 in Q3 2017. Its down 0.20, from 1.06 in 2017Q2. It turned negative, as 42 investors sold S shares while 95 reduced holdings. 32 funds opened positions while 86 raised stakes. 546.02 million shares or 1.36% less from 553.56 million shares in 2017Q2 were reported. Waratah has 0.11% invested in Sprint Corporation (NYSE:S) for 110,000 shares. 336,879 were reported by Pictet Asset Mngmt Ltd. Legal General Gru Public Ltd Company invested in 0.02% or 3.57 million shares. 25,570 were accumulated by Hightower Advisors. Susquehanna Grp Inc Llp owns 0% invested in Sprint Corporation (NYSE:S) for 1.37M shares. 9.03 million are owned by Odey Asset Grp Limited. Delta Asset Mgmt Ltd Liability Co Tn accumulated 132 shares. Chevy Chase Tru holds 0% or 10,509 shares in its portfolio. Public Employees Retirement Of Ohio holds 0.02% of its portfolio in Sprint Corporation (NYSE:S) for 434,693 shares. Price T Rowe Assocs Md reported 175,976 shares. Fincl Bank Of Ny Mellon has 3.60M shares. Kbc Gp Nv holds 0.03% or 479,461 shares. San Francisco Sentry Invest Group (Ca) accumulated 63 shares or 0% of the stock. Paloma Prtnrs Communications has 0.02% invested in Sprint Corporation (NYSE:S). Vanguard Grp Incorporated owns 37.81 million shares.

Credit Agricole S A, which manages about $29.33 billion US Long portfolio, decreased its stake in Align Technology I (NASDAQ:ALGN) by 3,530 shares to 46,083 shares, valued at $8.59M in 2017Q3, according to the filing. It also reduced its holding in Match Group Inc by 171,000 shares in the quarter, leaving it with 34,200 shares, and cut its stake in Silver Spring Networks Inc (NYSE:SSNI).

Since December 13, 2017, it had 8 insider buys, and 1 insider sale for $207.89 million activity. Another trade for 144,041 shares valued at $827,487 was sold by SCHIEBER PAUL W JR.

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