As Pnc Financial Services Group (PNC) Stock Declined, Twin Capital Management Has Trimmed Holding by $311,684; Telemark Asset Management Stake in Delta Air Lines Del (DAL) Trimmed by $2.40 Million

January 14, 2018 - By Peter Erickson

David Simon decreased its stake in Pnc Financial Services Group (PNC) by 2.77% based on its latest 2017Q3 regulatory filing with the SEC. Twin Capital Management Inc sold 2,326 shares as the company’s stock declined 6.38% while stock markets rallied. The hedge fund run by David Simon held 81,680 shares of the finance company at the end of 2017Q3, valued at $11.01M, down from 84,006 at the end of the previous reported quarter. Twin Capital Management Inc who had been investing in Pnc Financial Services Group for a number of months, seems to be less bullish one the $72.25 billion market cap company. The stock increased 0.23% or $0.35 during the last trading session, reaching $151.84. About 3.28 million shares traded or 82.85% up from the average. The PNC Financial Services Group, Inc. (NYSE:PNC) has risen 35.14% since January 14, 2017 and is uptrending. It has outperformed by 18.44% the S&P500.

Telemark Asset Management Llc decreased its stake in Delta Air Lines Inc Del (DAL) by 33.33% based on its latest 2017Q3 regulatory filing with the SEC. Telemark Asset Management Llc sold 50,000 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund held 100,000 shares of the transportation company at the end of 2017Q3, valued at $4.82 million, down from 150,000 at the end of the previous reported quarter. Telemark Asset Management Llc who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $42.49B market cap company. The stock increased 2.24% or $1.31 during the last trading session, reaching $59.83. About 12.27 million shares traded or 75.68% up from the average. Delta Air Lines, Inc. (NYSE:DAL) has risen 11.83% since January 14, 2017 and is uptrending. It has underperformed by 4.87% the S&P500.




Investors sentiment decreased to 0.87 in Q3 2017. Its down 0.06, from 0.93 in 2017Q2. It worsened, as 55 investors sold PNC shares while 364 reduced holdings. 75 funds opened positions while 289 raised stakes. 378.89 million shares or 0.65% less from 381.37 million shares in 2017Q2 were reported. Rhode Island-based Compton Mgmt Inc Ri has invested 0.39% in The PNC Financial Services Group, Inc. (NYSE:PNC). Pinnacle, a New York-based fund reported 126,804 shares. Financial Advantage Incorporated owns 493 shares for 0.05% of their portfolio. Liberty Cap Management holds 0% or 41 shares. Bokf Na holds 0.24% or 62,248 shares in its portfolio. Raymond James Ser Advsr holds 66,547 shares or 0.06% of its portfolio. Aqr Capital Mngmt Lc holds 0.51% or 3.15M shares. Wharton Business Gp Ltd Llc has invested 0.04% in The PNC Financial Services Group, Inc. (NYSE:PNC). Moreover, Dekabank Deutsche Girozentrale has 0.05% invested in The PNC Financial Services Group, Inc. (NYSE:PNC) for 52,193 shares. Quantitative Systematic Strategies Ltd Limited Liability Company stated it has 0.3% of its portfolio in The PNC Financial Services Group, Inc. (NYSE:PNC). San Francisco Sentry Invest (Ca) has 0.01% invested in The PNC Financial Services Group, Inc. (NYSE:PNC). Texas Permanent School Fund invested in 0.23% or 132,803 shares. Da Davidson holds 69,345 shares or 0.18% of its portfolio. Parsons Mgmt Ri holds 4,459 shares or 0.07% of its portfolio. Sva Plumb Wealth Mngmt Ltd Liability Corp holds 19,162 shares or 0.32% of its portfolio.

Among 32 analysts covering PNC Financial Services (NYSE:PNC), 11 have Buy rating, 1 Sell and 20 Hold. Therefore 34% are positive. PNC Financial Services had 89 analyst reports since August 6, 2015 according to SRatingsIntel. Bruyette & Woods” downgraded The PNC Financial Services Group, Inc. (NYSE:PNC) on Tuesday, August 11 to “Underperform” rating. The rating was maintained by BMO Capital Markets on Thursday, June 22 with “Buy”. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) earned “Neutral” rating by UBS on Monday, October 16. Wells Fargo maintained the stock with “Hold” rating in Wednesday, December 20 report. On Tuesday, September 26 the stock rating was downgraded by Deutsche Bank to “Hold”. Morgan Stanley maintained the shares of PNC in report on Monday, July 17 with “Equal-Weight” rating. RBC Capital Markets maintained The PNC Financial Services Group, Inc. (NYSE:PNC) on Wednesday, June 14 with “Buy” rating. The stock of The PNC Financial Services Group, Inc. (NYSE:PNC) has “Buy” rating given on Friday, April 1 by Evercore. On Monday, July 18 the stock rating was maintained by Barclays Capital with “Equalweight”. Raymond James upgraded The PNC Financial Services Group, Inc. (NYSE:PNC) on Thursday, October 6 to “Mkt Perform” rating.

Twin Capital Management Inc, which manages about $948.03M and $1.91 billion US Long portfolio, upped its stake in S&P Global Inc by 6,780 shares to 29,440 shares, valued at $4.60 million in 2017Q3, according to the filing. It also increased its holding in Biogen Inc Common (NASDAQ:BIIB) by 2,590 shares in the quarter, for a total of 26,020 shares, and has risen its stake in Lam Research Corp Com (NASDAQ:LRCX).

Since October 19, 2017, it had 0 insider buys, and 4 selling transactions for $10.59 million activity. The insider Reilly Robert Q sold $2.85 million. Larrimer Karen L. sold 3,135 shares worth $429,417. Van Wyk Steven C. sold $675,000 worth of The PNC Financial Services Group, Inc. (NYSE:PNC) on Thursday, October 19.

Telemark Asset Management Llc, which manages about $460.03M and $486.41 million US Long portfolio, upped its stake in Aar Corp (NYSE:AIR) by 30,000 shares to 130,000 shares, valued at $4.91 million in 2017Q3, according to the filing. It also increased its holding in Hubspot Inc (NYSE:HUBS) by 100,000 shares in the quarter, for a total of 120,000 shares, and has risen its stake in New Relic Inc.

Investors sentiment increased to 1.15 in Q3 2017. Its up 0.17, from 0.98 in 2017Q2. It increased, as 69 investors sold DAL shares while 247 reduced holdings. 92 funds opened positions while 271 raised stakes. 589.14 million shares or 3.18% less from 608.49 million shares in 2017Q2 were reported. Citigroup holds 0.03% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 659,223 shares. Peddock Advisors Limited Company invested in 455 shares or 0.01% of the stock. Commonwealth Equity, Massachusetts-based fund reported 43,369 shares. National Invest Inc Wi has 2.01% invested in Delta Air Lines, Inc. (NYSE:DAL) for 40,476 shares. Boston Private Wealth Ltd Liability owns 35,989 shares. Bluefin Trading holds 0.16% of its portfolio in Delta Air Lines, Inc. (NYSE:DAL) for 28,000 shares. Cullen Frost Bankers Inc owns 4,775 shares or 0.01% of their US portfolio. Toronto Dominion National Bank & Trust stated it has 0.04% in Delta Air Lines, Inc. (NYSE:DAL). California State Teachers Retirement Sys has invested 0.12% in Delta Air Lines, Inc. (NYSE:DAL). Mountain Lake Management Ltd Liability reported 2.99% in Delta Air Lines, Inc. (NYSE:DAL). Smithfield stated it has 1,352 shares. Advisor Ptnrs Ltd Liability Co has invested 0.12% in Delta Air Lines, Inc. (NYSE:DAL). Tru Of Vermont owns 1,200 shares or 0.01% of their US portfolio. Ent Corporation accumulated 64 shares. 1.84 million were reported by Royal Fincl Bank Of Canada.

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