As At&T (T) Market Value Declined, Clark Capital Management Group Cut by $2.58 Million Its Position; Natixis Stake in Crown Castle Intl New (CCI) Upped by $554,700

December 7, 2017 - By Adrian Mccoy

Clark Capital Management Group Inc decreased its stake in At&T Inc (T) by 17.93% based on its latest 2017Q2 regulatory filing with the SEC. Clark Capital Management Group Inc sold 69,786 shares as the company’s stock declined 7.81% while stock markets rallied. The institutional investor held 319,362 shares of the telecommunications equipment company at the end of 2017Q2, valued at $12.05M, down from 389,148 at the end of the previous reported quarter. Clark Capital Management Group Inc who had been investing in At&T Inc for a number of months, seems to be less bullish one the $221.68B market cap company. The stock decreased 1.20% or $0.44 during the last trading session, reaching $36.11. About 31.17M shares traded. AT&T Inc. (NYSE:T) has declined 0.52% since December 7, 2016 and is downtrending. It has underperformed by 17.22% the S&P500.

Natixis increased its stake in Crown Castle Intl Corp New (CCI) by 28.33% based on its latest 2017Q2 regulatory filing with the SEC. Natixis bought 5,547 shares as the company’s stock rose 11.44% with the market. The institutional investor held 25,128 shares of the real estate investment trusts company at the end of 2017Q2, valued at $2.52M, up from 19,581 at the end of the previous reported quarter. Natixis who had been investing in Crown Castle Intl Corp New for a number of months, seems to be bullish on the $44.36B market cap company. The stock increased 0.34% or $0.37 during the last trading session, reaching $109.18. About 2.81 million shares traded or 28.34% up from the average. Crown Castle International Corp. (NYSE:CCI) has risen 11.07% since December 7, 2016 and is uptrending. It has underperformed by 5.63% the S&P500.




Among 29 analysts covering AT&T Inc. (NYSE:T), 10 have Buy rating, 1 Sell and 18 Hold. Therefore 34% are positive. AT&T Inc. had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, September 28 by UBS. The company was maintained on Tuesday, September 1 by Macquarie Research. The stock has “Outperform” rating by Cowen & Co on Wednesday, April 27. The firm has “Buy” rating given on Thursday, April 7 by Jefferies. On Monday, August 28 the stock rating was maintained by RBC Capital Markets with “Hold”. The company was maintained on Tuesday, August 8 by Oppenheimer. The firm earned “Hold” rating on Monday, October 2 by RBC Capital Markets. The stock of AT&T Inc. (NYSE:T) earned “Buy” rating by Nomura on Tuesday, November 21. As per Tuesday, July 19, the company rating was maintained by Citigroup. The stock has “Overweight” rating by Barclays Capital on Monday, April 18.

More notable recent AT&T Inc. (NYSE:T) news were published by: Seekingalpha.com which released: “USV AT&T Inc., Time Warner Inc.” on November 22, 2017, also Seekingalpha.com with their article: “AT&T reiterates 2018 strategy focus at conference” published on December 06, 2017, Bloomberg.com published: “The High-Powered Lawyers Fighting Over AT&T’s Future” on December 07, 2017. More interesting news about AT&T Inc. (NYSE:T) were released by: Seekingalpha.com and their article: “AT&T/Time Warner court date proposal?” published on December 06, 2017 as well as Prnewswire.com‘s news article titled: “AT&T Inc. Announces Expiration Of Its Exchange Offers” with publication date: November 29, 2017.

Clark Capital Management Group Inc, which manages about $1.95B and $2.57 billion US Long portfolio, upped its stake in Spdr Ser Tr (SJNK) by 119,843 shares to 1.11M shares, valued at $31.04 million in 2017Q2, according to the filing. It also increased its holding in Cummins Inc (NYSE:CMI) by 51,545 shares in the quarter, for a total of 216,211 shares, and has risen its stake in Wintrust Finl Corp (NASDAQ:WTFC).

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.18, from 0.97 in 2017Q1. It is positive, as 82 investors sold T shares while 619 reduced holdings. 123 funds opened positions while 686 raised stakes. 3.31 billion shares or 0.46% less from 3.32 billion shares in 2017Q1 were reported. Retirement Planning Gru reported 0.1% in AT&T Inc. (NYSE:T). Pzena Mgmt Limited accumulated 824,085 shares. Grisanti Cap Limited Liability Company invested in 0.89% or 55,110 shares. Ironwood Fincl Limited Liability Corp holds 0.01% or 378 shares. Thrivent Fin For Lutherans holds 0.09% or 551,929 shares in its portfolio. The Ohio-based Cincinnati has invested 0.95% in AT&T Inc. (NYSE:T). Moreover, Schaller Grp has 0.14% invested in AT&T Inc. (NYSE:T) for 7,213 shares. 16,772 were accumulated by Verus Prtnrs Inc. 1St Glob Advsrs holds 0.48% of its portfolio in AT&T Inc. (NYSE:T) for 109,903 shares. Nippon Life Glob Americas Inc accumulated 425,280 shares. Wedge Capital Mngmt L Lp Nc invested in 5,875 shares or 0% of the stock. Eagle Ridge Mgmt accumulated 0.13% or 42,217 shares. Tradition Cap Llc reported 0.18% stake. Breton Hill Capital Ltd holds 309,308 shares or 2.18% of its portfolio. Freestone Cap Llc reported 18,700 shares stake.

Analysts await AT&T Inc. (NYSE:T) to report earnings on January, 24. They expect $0.66 earnings per share, 0.00% or $0.00 from last year’s $0.66 per share. T’s profit will be $4.05B for 13.68 P/E if the $0.66 EPS becomes a reality. After $0.74 actual earnings per share reported by AT&T Inc. for the previous quarter, Wall Street now forecasts -10.81% negative EPS growth.

Investors sentiment decreased to 1.31 in Q2 2017. Its down 0.11, from 1.42 in 2017Q1. It is negative, as 46 investors sold CCI shares while 195 reduced holdings. 80 funds opened positions while 235 raised stakes. 329.57 million shares or 0.52% more from 327.87 million shares in 2017Q1 were reported. Eagle Asset Mgmt has invested 0.19% in Crown Castle International Corp. (NYSE:REIT). Highstreet Asset Management reported 4,707 shares stake. Private Wealth Prtn Lc reported 8,800 shares stake. Veritable LP reported 10,299 shares stake. Ems Capital Lp has 2.75% invested in Crown Castle International Corp. (NYSE:REIT) for 310,580 shares. Gyroscope Cap Mngmt Grp Ltd Liability owns 3,013 shares. Franklin Resource Inc holds 0% or 6,756 shares. Payden Rygel, a California-based fund reported 93,600 shares. Massachusetts-based Appleton Prns Ma has invested 0.18% in Crown Castle International Corp. (NYSE:REIT). Louisiana-based Louisiana State Employees Retirement Sys has invested 0.11% in Crown Castle International Corp. (NYSE:REIT). Royal Financial Bank Of Canada accumulated 761,647 shares or 0.04% of the stock. Wagner Bowman Management Corp has 0.27% invested in Crown Castle International Corp. (NYSE:REIT). 231,579 are owned by Kayne Anderson Rudnick Investment Limited Liability Corporation. Legal & General Pcl reported 2.50 million shares or 0.2% of all its holdings. Osterweis Cap Mgmt invested in 1.79% or 235,090 shares.

Natixis, which manages about $8.80 billion US Long portfolio, decreased its stake in Grupo Aeroportuario Ctr Nort (NASDAQ:OMAB) by 21,327 shares to 7,618 shares, valued at $367,000 in 2017Q2, according to the filing. It also reduced its holding in First Data Corp New by 533,835 shares in the quarter, leaving it with 268,669 shares, and cut its stake in Kinross Gold Corp (NYSE:KGC).

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