Investec Asset Management North America Holding in Suntrust Banks (STI) Has Trimmed by $704,872 as Stock Price Declined; Kornitzer Capital Management Raised Position in Dollar General (DG) as Shares Declined

November 15, 2017 - By Henry Gaston

Kornitzer Capital Management Inc increased its stake in Dollar General Corp (DG) by 9.64% based on its latest 2017Q2 regulatory filing with the SEC. Kornitzer Capital Management Inc bought 6,200 shares as the company’s stock declined 7.36% while stock markets rallied. The institutional investor held 70,519 shares of the department and specialty retail stores company at the end of 2017Q2, valued at $5.08 million, up from 64,319 at the end of the previous reported quarter. Kornitzer Capital Management Inc who had been investing in Dollar General Corp for a number of months, seems to be bullish on the $22.75 billion market cap company. The stock decreased 0.22% or $0.18 during the last trading session, reaching $83.25. About shares traded. Dollar General Corp. (NYSE:DG) has declined 12.26% since November 15, 2016 and is downtrending. It has underperformed by 28.96% the S&P500.

Investec Asset Management North America Inc decreased its stake in Suntrust Banks Inc (STI) by 5.69% based on its latest 2017Q2 regulatory filing with the SEC. Investec Asset Management North America Inc sold 12,587 shares as the company’s stock declined 9.30% while stock markets rallied. The institutional investor held 208,786 shares of the finance company at the end of 2017Q2, valued at $11.84 million, down from 221,373 at the end of the previous reported quarter. Investec Asset Management North America Inc who had been investing in Suntrust Banks Inc for a number of months, seems to be less bullish one the $27.44B market cap company. The stock increased 0.59% or $0.34 during the last trading session, reaching $57.64. About 900 shares traded. SunTrust Banks, Inc. (NYSE:STI) has risen 26.82% since November 15, 2016 and is uptrending. It has outperformed by 10.12% the S&P500.




Analysts await SunTrust Banks, Inc. (NYSE:STI) to report earnings on January, 19. They expect $1.05 earnings per share, up 16.67% or $0.15 from last year’s $0.9 per share. STI’s profit will be $499.86M for 13.72 P/E if the $1.05 EPS becomes a reality. After $1.06 actual earnings per share reported by SunTrust Banks, Inc. for the previous quarter, Wall Street now forecasts -0.94% negative EPS growth.

Investec Asset Management North America Inc, which manages about $2.91 billion and $545.37 million US Long portfolio, upped its stake in Alibaba Group Holding Ltd (NYSE:BABA) by 29,435 shares to 336,726 shares, valued at $47.45M in 2017Q2, according to the filing. It also increased its holding in Amazon.Com Inc (NASDAQ:AMZN) by 364 shares in the quarter, for a total of 2,036 shares, and has risen its stake in Silicon Motion Technology Corp (NASDAQ:SIMO).

Among 31 analysts covering Suntrust Banks Inc. (NYSE:STI), 11 have Buy rating, 0 Sell and 20 Hold. Therefore 35% are positive. Suntrust Banks Inc. had 89 analyst reports since July 20, 2015 according to SRatingsIntel. The rating was maintained by Piper Jaffray on Monday, October 23 with “Buy”. Keefe Bruyette & Woods maintained SunTrust Banks, Inc. (NYSE:STI) rating on Monday, August 14. Keefe Bruyette & Woods has “Hold” rating and $60.0 target. Morgan Stanley upgraded the shares of STI in report on Thursday, August 3 to “Equal-Weight” rating. Citigroup maintained it with “Neutral” rating and $63 target in Monday, October 9 report. Robert W. Baird maintained it with “Hold” rating and $55.0 target in Friday, September 29 report. Piper Jaffray maintained the shares of STI in report on Monday, October 2 with “Buy” rating. Bernstein upgraded the stock to “Outperform” rating in Friday, January 8 report. The stock of SunTrust Banks, Inc. (NYSE:STI) earned “Neutral” rating by Nomura on Thursday, October 26. The rating was initiated by Wedbush on Friday, October 7 with “Neutral”. The company was maintained on Friday, September 15 by Jefferies.

Investors sentiment decreased to 0.92 in Q2 2017. Its down 0.05, from 0.97 in 2017Q1. It dived, as 51 investors sold STI shares while 249 reduced holdings. 65 funds opened positions while 210 raised stakes. 385.84 million shares or 1.02% less from 389.82 million shares in 2017Q1 were reported. Carlson Cap Lp holds 0.99% or 1.23 million shares in its portfolio. Amer Assets Invest Mngmt Ltd Liability Company reported 15,000 shares stake. Dreman Value L L C has 1.47% invested in SunTrust Banks, Inc. (NYSE:STI). First Mercantile Trust Co reported 0.22% stake. Lmr Prtn Ltd Liability Partnership has invested 0.26% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Credit Suisse Ag holds 1.03 million shares or 0.06% of its portfolio. Pitcairn owns 8,670 shares. The Massachusetts-based Boston Limited Liability Corporation has invested 0.29% in SunTrust Banks, Inc. (NYSE:STI). Baker Avenue Asset Mgmt Lp owns 24,305 shares or 0.18% of their US portfolio. Rowland And Invest Counsel Adv invested 0% of its portfolio in SunTrust Banks, Inc. (NYSE:STI). Public Employees Retirement Association Of Colorado holds 0.04% or 91,192 shares in its portfolio. 7,466 were accumulated by 1St Global. Commonwealth Of Pennsylvania School Empls Retrmt invested 0.03% in SunTrust Banks, Inc. (NYSE:STI). Michigan-based Liberty Cap Mgmt has invested 0.03% in SunTrust Banks, Inc. (NYSE:STI). Manchester Cap Mngmt Ltd Co invested in 2,549 shares or 0.02% of the stock.

Among 28 analysts covering Dollar General Corp. (NYSE:DG), 13 have Buy rating, 3 Sell and 12 Hold. Therefore 46% are positive. Dollar General Corp. had 87 analyst reports since August 13, 2015 according to SRatingsIntel. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, October 7 report. The firm has “Outperform” rating by Telsey Advisory Group given on Friday, May 27. The firm earned “Market Perform” rating on Friday, August 26 by BMO Capital Markets. The firm earned “Hold” rating on Friday, August 26 by Jefferies. The company was maintained on Monday, March 28 by Stifel Nicolaus. The firm has “Outperform” rating given on Monday, April 4 by Macquarie Research. On Monday, February 6 the stock rating was initiated by Bernstein with “Outperform”. The rating was downgraded by Credit Suisse on Thursday, March 23 to “Underperform”. Telsey Advisory Group downgraded Dollar General Corp. (NYSE:DG) on Friday, August 26 to “Market Perform” rating. The rating was maintained by Deutsche Bank on Friday, April 7 with “Hold”.

Investors sentiment increased to 0.98 in Q2 2017. Its up 0.03, from 0.95 in 2017Q1. It improved, as 62 investors sold DG shares while 193 reduced holdings. 71 funds opened positions while 178 raised stakes. 240.50 million shares or 4.61% more from 229.90 million shares in 2017Q1 were reported. Bessemer Inc owns 16,128 shares or 0% of their US portfolio. Shellback Cap Limited Partnership holds 75,000 shares or 0.47% of its portfolio. Canada Pension Plan Board accumulated 105,610 shares. Finance Architects Incorporated stated it has 0.01% of its portfolio in Dollar General Corp. (NYSE:DG). Comerica Bancorp owns 71,906 shares. Price T Rowe Assocs Inc Md stated it has 29.30M shares. Geneva Advsr Limited Liability Company invested in 0.06% or 46,397 shares. Fore Research Management LP holds 0.49% or 15,000 shares in its portfolio. Swiss Bank & Trust stated it has 1.01M shares. Raymond James Svcs Advsr holds 0.04% of its portfolio in Dollar General Corp. (NYSE:DG) for 73,206 shares. Salem Invest Counselors accumulated 315 shares or 0% of the stock. 25,900 were accumulated by Hennessy. Highstreet Asset Management has invested 0.1% in Dollar General Corp. (NYSE:DG). Gotham Asset Mngmt Ltd Liability Co reported 137,242 shares. Agf Invs Inc holds 250,623 shares.

Kornitzer Capital Management Inc, which manages about $11.35 billion and $5.71B US Long portfolio, decreased its stake in Akorn Inc (NASDAQ:AKRX) by 1.08M shares to 217,050 shares, valued at $7.28 million in 2017Q2, according to the filing. It also reduced its holding in Boardwalk Pipeline (Annual K (NYSE:BWP) by 21,100 shares in the quarter, leaving it with 15,400 shares, and cut its stake in Chipotle Mexican Grill (NYSE:CMG).

More notable recent Dollar General Corp. (NYSE:DG) news were published by: Businesswire.com which released: “Dollar General Continues its Mission of Serving Others this Holiday” on November 15, 2017, also Businesswire.com with their article: “Dollar General Corporation Announces Webcast of its Third Quarter 2017 …” published on November 01, 2017, Businesswire.com published: “Dollar General Honored by Coca-Cola Customer Veterans Day Award” on November 08, 2017. More interesting news about Dollar General Corp. (NYSE:DG) were released by: Businesswire.com and their article: “Dollar General Announces Holiday 2017 Initiatives” published on November 06, 2017 as well as Businesswire.com‘s news article titled: “Dollar General Names Rob Scruggs as Chief Digital and Customer Engagement Officer” with publication date: October 30, 2017.

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