As Financial Institutions (FISI) Market Value Declined, Shareholder Canandaigua National Bank & Trust Company Lowered Its Position by $446,320; Shareholder Zimmer Partners LP Has Upped Edison Intl (EIX) Position

February 13, 2018 - By Marie Mckinney

Stuart J. Zimmer increased its stake in Edison Intl (EIX) by 140% based on its latest 2017Q3 regulatory filing with the SEC. Zimmer Partners Lp bought 350,000 shares as the company’s stock rose 2.44% with the market. The hedge fund run by Stuart J. Zimmer held 600,000 shares of the central company at the end of 2017Q3, valued at $46.30M, up from 250,000 at the end of the previous reported quarter. Zimmer Partners Lp who had been investing in Edison Intl for a number of months, seems to be bullish on the $19.51 billion market cap company. The stock decreased 0.32% or $0.19 during the last trading session, reaching $59.87. About 726,038 shares traded. Edison International (NYSE:EIX) has risen 12.39% since February 13, 2017 and is uptrending. It has underperformed by 4.31% the S&P500.

Canandaigua National Bank & Trust Company decreased its stake in Financial Institutions Inc (FISI) by 3.23% based on its latest 2017Q3 regulatory filing with the SEC. Canandaigua National Bank & Trust Company sold 15,940 shares as the company’s stock declined 8.88% while stock markets rallied. The institutional investor held 478,183 shares of the finance company at the end of 2017Q3, valued at $13.77M, down from 494,123 at the end of the previous reported quarter. Canandaigua National Bank & Trust Company who had been investing in Financial Institutions Inc for a number of months, seems to be less bullish one the $490.35M market cap company. It closed at $30.8 lastly. It is down 13.69% since February 13, 2017 and is uptrending. It has underperformed by 3.01% the S&P500.




Investors sentiment increased to 1.82 in 2017 Q3. Its up 0.45, from 1.37 in 2017Q2. It increased, as 8 investors sold FISI shares while 30 reduced holdings. 21 funds opened positions while 48 raised stakes. 10.72 million shares or 6.55% more from 10.06 million shares in 2017Q2 were reported. California Employees Retirement Systems, California-based fund reported 42,606 shares. Bessemer holds 0% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI) for 28,500 shares. Invesco has invested 0% in Financial Institutions, Inc. (NASDAQ:FISI). Nordea Ab owns 86,200 shares. Utd Service Automobile Association holds 0% or 23,900 shares in its portfolio. Basswood Mgmt has invested 0.41% of its portfolio in Financial Institutions, Inc. (NASDAQ:FISI). Wells Fargo And Mn invested in 14,979 shares. Morgan Stanley reported 109,250 shares stake. Ameritas Inv Partners Inc reported 1,134 shares stake. Ifc Holdings Fl owns 9,474 shares. Goldman Sachs Grp invested in 0% or 17,073 shares. Us Savings Bank De invested in 74 shares or 0% of the stock. Mackenzie Fin Corporation owns 21,162 shares or 0% of their US portfolio. Numeric Invsts Limited Liability Company holds 181,383 shares or 0.04% of its portfolio. Tower Cap Limited Com (Trc) has invested 0.01% in Financial Institutions, Inc. (NASDAQ:FISI).

Since December 13, 2017, it had 2 buys, and 0 selling transactions for $80,529 activity. Glaser Robert M had bought 1,000 shares worth $32,340.

Among 3 analysts covering Financial Institutions (NASDAQ:FISI), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. Financial Institutions had 7 analyst reports since September 16, 2015 according to SRatingsIntel. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Friday, September 22 report. Hovde Group maintained it with “Buy” rating and $36.0 target in Friday, February 2 report. The stock of Financial Institutions, Inc. (NASDAQ:FISI) earned “Overweight” rating by Piper Jaffray on Wednesday, September 16. Keefe Bruyette & Woods maintained Financial Institutions, Inc. (NASDAQ:FISI) rating on Tuesday, May 30. Keefe Bruyette & Woods has “Hold” rating and $3500 target. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. On Thursday, July 13 the stock rating was maintained by Piper Jaffray with “Hold”. Piper Jaffray maintained Financial Institutions, Inc. (NASDAQ:FISI) on Tuesday, October 3 with “Hold” rating.

Canandaigua National Bank & Trust Company, which manages about $525.58 million US Long portfolio, upped its stake in Jp Morgan Chase & Co (NYSE:JPM) by 13,345 shares to 113,090 shares, valued at $10.80M in 2017Q3, according to the filing. It also increased its holding in Intl Business Machines Corp (NYSE:IBM) by 5,246 shares in the quarter, for a total of 35,427 shares, and has risen its stake in Norfolk Southern Corp (NYSE:NSC).

Among 20 analysts covering Edison (NYSE:EIX), 9 have Buy rating, 1 Sell and 10 Hold. Therefore 45% are positive. Edison had 62 analyst reports since August 3, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, December 27 by Edward Jones. The stock of Edison International (NYSE:EIX) earned “Hold” rating by Evercore on Wednesday, October 28. The firm has “Buy” rating by Bank of America given on Tuesday, October 24. SunTrust maintained Edison International (NYSE:EIX) rating on Tuesday, December 26. SunTrust has “Buy” rating and $79.0 target. The company was maintained on Friday, January 22 by Barclays Capital. Wolfe Research upgraded the shares of EIX in report on Friday, November 6 to “Outperform” rating. The stock of Edison International (NYSE:EIX) has “Buy” rating given on Tuesday, December 5 by SunTrust. The firm earned “Hold” rating on Monday, June 12 by Jefferies. Morgan Stanley maintained Edison International (NYSE:EIX) rating on Friday, September 8. Morgan Stanley has “Equal-Weight” rating and $92 target. The stock of Edison International (NYSE:EIX) has “Buy” rating given on Thursday, December 21 by RBC Capital Markets.

Zimmer Partners Lp, which manages about $1.50 billion and $4.50 billion US Long portfolio, decreased its stake in Targa Res Corp (NYSE:TRGP) by 2.01 million shares to 5.93M shares, valued at $280.57 million in 2017Q3, according to the filing. It also reduced its holding in Charter Communications Inc N by 95,000 shares in the quarter, leaving it with 255,000 shares, and cut its stake in Zayo Group Hldgs Inc (NYSE:ZAYO).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.




Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts