As Bank Of America (BAC) Shares Declined, Shareholder Toscafund Asset Management Llp Trimmed Position by $16.88 Million; Amerco (UHAL) Holder Bruce & Co Lowered Its Holding by $1.12 Million as Stock Value Declined

February 19, 2018 - By Michael Collier

Martin Hughes decreased its stake in Bank Of America (BAC) by 34.62% based on its latest 2017Q3 regulatory filing with the SEC. Toscafund Asset Management Llp sold 675,000 shares as the company’s stock declined 6.00% while stock markets rallied. The hedge fund run by Martin Hughes held 1.28M shares of the major banks company at the end of 2017Q3, valued at $32.31 million, down from 1.95M at the end of the previous reported quarter. Toscafund Asset Management Llp who had been investing in Bank Of America for a number of months, seems to be less bullish one the $328.89B market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 19, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.




Bruce & Co Inc decreased its stake in Amerco (UHAL) by 1.57% based on its latest 2017Q3 regulatory filing with the SEC. Bruce & Co Inc sold 3,000 shares as the company’s stock declined 0.39% while stock markets rallied. The institutional investor held 188,370 shares of the rental and leasing company at the end of 2017Q3, valued at $70.62 million, down from 191,370 at the end of the previous reported quarter. Bruce & Co Inc who had been investing in Amerco for a number of months, seems to be less bullish one the $6.85B market cap company. The stock increased 0.03% or $0.12 during the last trading session, reaching $349.45. About 57,570 shares traded. AMERCO (NASDAQ:UHAL) has risen 4.93% since February 19, 2017 and is uptrending. It has underperformed by 11.77% the S&P500.

Since December 18, 2017, it had 0 buys, and 1 sale for $76,232 activity.

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.08, from 1.14 in 2017Q2. It is positive, as 22 investors sold UHAL shares while 60 reduced holdings. 34 funds opened positions while 66 raised stakes. 5.67 million shares or 8.74% more from 5.22 million shares in 2017Q2 were reported. 32,654 were reported by Scout Invests Inc. Greenlight Cap Inc holds 50,000 shares or 0.32% of its portfolio. Ohio-based Victory Capital has invested 0% in AMERCO (NASDAQ:UHAL). Riverhead holds 0.06% or 3,141 shares. California-based Mraz Amerine Assoc has invested 0.41% in AMERCO (NASDAQ:UHAL). Landscape Ltd Liability Com reported 0.54% stake. Wells Fargo & Mn, a California-based fund reported 81,944 shares. Leisure Capital Mgmt holds 1,726 shares. Cannell Cap Limited Liability Corporation invested 0.16% of its portfolio in AMERCO (NASDAQ:UHAL). D E Shaw & Com accumulated 3,905 shares or 0% of the stock. Jefferies invested 0% of its portfolio in AMERCO (NASDAQ:UHAL). Toronto Dominion National Bank & Trust reported 290 shares. Dekabank Deutsche Girozentrale invested in 747 shares. Gruss Management LP owns 60,000 shares for 1.95% of their portfolio. Dreman Value Mngmt L L C reported 478 shares or 0.1% of all its holdings.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Horizon Kinetics Ltd owns 44,983 shares for 0.03% of their portfolio. Alps Advisors Inc owns 29,162 shares. Mondrian Investment Partners Ltd invested in 2,650 shares or 0% of the stock. Evercore Wealth Management Limited Liability holds 32,574 shares. At Commercial Bank accumulated 0.15% or 51,284 shares. Signature Est & Invest Advsrs Lc holds 1.94% of its portfolio in Bank of America Corporation (NYSE:BAC) for 686,496 shares. Moreover, Aviance Capital Ptnrs Limited Liability Corp has 0.41% invested in Bank of America Corporation (NYSE:BAC) for 48,300 shares. Optimum Investment Advsr holds 30,845 shares. Aviva Plc stated it has 1.03% of its portfolio in Bank of America Corporation (NYSE:BAC). The United Kingdom-based Kames Capital Plc has invested 1.6% in Bank of America Corporation (NYSE:BAC). 470,131 were reported by Lincluden Mgmt. Telemus Capital Lc stated it has 65,203 shares. Cape Cod Five Cents Commercial Bank stated it has 23,932 shares. Argent Tru invested in 25,022 shares or 0.25% of the stock. Walleye Trading Limited Co invested in 212,921 shares or 0.03% of the stock.

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