Alpine Woods Capital Investors Lifted Holding in Acuity Brands (AYI) by $342,000 as Stock Price Declined; Alps Advisors Holding in Apple (AAPL) Lifted by $455,686

January 14, 2018 - By Richard Conner

Alps Advisors Inc increased its stake in Apple Inc (AAPL) by 12.32% based on its latest 2017Q3 regulatory filing with the SEC. Alps Advisors Inc bought 2,959 shares as the company’s stock rose 12.78% with the market. The institutional investor held 26,974 shares of the computer manufacturing company at the end of 2017Q3, valued at $4.16M, up from 24,015 at the end of the previous reported quarter. Alps Advisors Inc who had been investing in Apple Inc for a number of months, seems to be bullish on the $900.87 billion market cap company. The stock increased 1.03% or $1.81 during the last trading session, reaching $177.09. About 25.42M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 62.48% since January 14, 2017 and is uptrending. It has outperformed by 45.78% the S&P500.

Alpine Woods Capital Investors Llc increased its stake in Acuity Brands Inc (AYI) by 40% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Woods Capital Investors Llc bought 2,000 shares as the company’s stock declined 23.17% while stock markets rallied. The institutional investor held 7,000 shares of the building products company at the end of 2017Q3, valued at $1.20M, up from 5,000 at the end of the previous reported quarter. Alpine Woods Capital Investors Llc who had been investing in Acuity Brands Inc for a number of months, seems to be bullish on the $6.63B market cap company. The stock decreased 0.69% or $1.11 during the last trading session, reaching $158.74. About 1.44 million shares traded or 104.64% up from the average. Acuity Brands, Inc. (NYSE:AYI) has declined 31.18% since January 14, 2017 and is downtrending. It has underperformed by 47.88% the S&P500.




Among 21 analysts covering Acuity Brands Inc. (NYSE:AYI), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Acuity Brands Inc. had 59 analyst reports since August 21, 2015 according to SRatingsIntel. The stock of Acuity Brands, Inc. (NYSE:AYI) earned “Buy” rating by Robert W. Baird on Tuesday, September 5. The firm has “Buy” rating given on Thursday, October 6 by Canaccord Genuity. On Wednesday, December 13 the stock rating was maintained by Robert W. Baird with “Hold”. The rating was maintained by Roth Capital on Thursday, November 9 with “Sell”. The company was initiated on Thursday, August 25 by Roth Capital. The rating was initiated by Canaccord Genuity with “Buy” on Friday, September 23. Piper Jaffray maintained Acuity Brands, Inc. (NYSE:AYI) rating on Saturday, August 22. Piper Jaffray has “Overweight” rating and $233 target. The firm earned “Hold” rating on Tuesday, January 9 by Wells Fargo. Oppenheimer maintained Acuity Brands, Inc. (NYSE:AYI) on Friday, February 12 with “Outperform” rating. The firm earned “Outperform” rating on Thursday, April 7 by Oppenheimer.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.01, from 0.85 in 2017Q2. It dived, as 40 investors sold AYI shares while 132 reduced holdings. 38 funds opened positions while 106 raised stakes. 41.52 million shares or 6.20% less from 44.26 million shares in 2017Q2 were reported. Croft holds 0.06% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 1,400 shares. Qs Invsts holds 0% of its portfolio in Acuity Brands, Inc. (NYSE:AYI) for 588 shares. Peloton Wealth Strategists reported 1.6% in Acuity Brands, Inc. (NYSE:AYI). Aqr Capital Mngmt Ltd Liability Com holds 0% or 14,026 shares in its portfolio. Paloma Partners has invested 0.04% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Qcm Cayman has invested 0.62% of its portfolio in Acuity Brands, Inc. (NYSE:AYI). Old Mutual Customised Solutions (Proprietary) has invested 0.03% in Acuity Brands, Inc. (NYSE:AYI). Nomura Inc reported 4,942 shares. Tennessee-based State Of Tennessee Treasury Department has invested 0.01% in Acuity Brands, Inc. (NYSE:AYI). Bamco has 0.49% invested in Acuity Brands, Inc. (NYSE:AYI) for 602,501 shares. Kornitzer Capital Mngmt Ks holds 127,338 shares. Cwm Limited Liability Com holds 30 shares or 0% of its portfolio. Texas Permanent School Fund invested in 0.03% or 11,665 shares. 53,494 are owned by Nordea Invest Management Ab. Lakeview Partners Ltd Liability Corporation has 0.21% invested in Acuity Brands, Inc. (NYSE:AYI) for 1,506 shares.

Alpine Woods Capital Investors Llc, which manages about $4.50 billion and $1.96 billion US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 9,500 shares to 17,097 shares, valued at $846,000 in 2017Q3, according to the filing. It also reduced its holding in Chevron Corp New (NYSE:CVX) by 92,300 shares in the quarter, leaving it with 4,786 shares, and cut its stake in Fedex Corp (NYSE:FDX).

Alps Advisors Inc, which manages about $13.32 billion and $14.11B US Long portfolio, decreased its stake in Alphabet Inc by 836 shares to 439 shares, valued at $421,000 in 2017Q3, according to the filing. It also reduced its holding in Blackstone Group Lp (NYSE:BX) by 733,225 shares in the quarter, leaving it with 302,188 shares, and cut its stake in Cia De Minas Buenaventura Saa (NYSE:BVN).

Since August 7, 2017, it had 0 insider purchases, and 12 sales for $93.68 million activity. 15,641 Apple Inc. (NASDAQ:AAPL) shares with value of $2.73M were sold by Riccio Daniel J.. SCHILLER PHILIP W sold $8.79M worth of stock. $5.00 million worth of Apple Inc. (NASDAQ:AAPL) was sold by SEWELL D BRUCE. The insider KONDO CHRIS sold 6,209 shares worth $1.01 million. COOK TIMOTHY D also sold $43.15 million worth of Apple Inc. (NASDAQ:AAPL) on Thursday, August 24. 63,163 shares were sold by FEDERIGHI CRAIG, worth $9.98 million on Monday, August 7.

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