As Grupo Financiero Galicia S A (GGAL) Shares Declined, Discovery Capital Management Has Lifted Position; Capital Counsel Position in Wabtec Com (WAB) Has Lowered as Shares Rose

April 19, 2018 - By Henry Gaston

Grupo Financiero Galicia S.A. (NASDAQ:GGAL) Logo

Capital Counsel Llc decreased its stake in Wabtec Corp Com (WAB) by 4.12% based on its latest 2017Q4 regulatory filing with the SEC. Capital Counsel Llc sold 35,779 shares as the company’s stock rose 1.36% while stock markets declined. The institutional investor held 831,967 shares of the railroads company at the end of 2017Q4, valued at $67.75 million, down from 867,746 at the end of the previous reported quarter. Capital Counsel Llc who had been investing in Wabtec Corp Com for a number of months, seems to be less bullish one the $8.07B market cap company. The stock increased 0.68% or $0.57 during the last trading session, reaching $84. About 28,144 shares traded. Westinghouse Air Brake Technologies Corporation (NYSE:WAB) has risen 7.58% since April 19, 2017 and is uptrending. It has underperformed by 3.97% the S&P500.

Rob Citrone increased its stake in Grupo Financiero Galicia S A (GGAL) by 36.7% based on its latest 2017Q4 regulatory filing with the SEC. Discovery Capital Management Llc bought 521,936 shares as the company’s stock declined 0.09% with the market. The hedge fund run by Rob Citrone held 1.94M shares of the commercial banks company at the end of 2017Q4, valued at $128.02 million, up from 1.42 million at the end of the previous reported quarter. Discovery Capital Management Llc who had been investing in Grupo Financiero Galicia S A for a number of months, seems to be bullish on the $9.48B market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $66.87. About 544 shares traded. Grupo Financiero Galicia S.A. (NASDAQ:GGAL) has risen 69.37% since April 19, 2017 and is uptrending. It has outperformed by 57.82% the S&P500.

Discovery Capital Management Llc, which manages about $37.50B and $3.23 billion US Long portfolio, decreased its stake in Amazon Com Inc (NASDAQ:AMZN) by 100,134 shares to 100,699 shares, valued at $117.76 million in 2017Q4, according to the filing. It also reduced its holding in Broadcom Ltd by 408,600 shares in the quarter, leaving it with 158,682 shares, and cut its stake in Spdr Series Trust (KRE).

Among 4 analysts covering Grupo Financiero Galicia (NASDAQ:GGAL), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Grupo Financiero Galicia had 6 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan on Tuesday, February 9 to “Neutral”. On Tuesday, March 29 the stock rating was initiated by Credit Suisse with “Neutral”. The firm earned “Neutral” rating on Monday, August 22 by Citigroup. The firm earned “Outperform” rating on Friday, October 28 by Credit Suisse. The firm earned “Buy” rating on Friday, August 7 by Zacks.

Capital Counsel Llc, which manages about $2.48B and $1.22B US Long portfolio, upped its stake in Berkshire Hathaway Inc (BRKB) by 1,800 shares to 9,243 shares, valued at $1.83M in 2017Q4, according to the filing.

Analysts await Westinghouse Air Brake Technologies Corporation (NYSE:WAB) to report earnings on April, 24. They expect $0.89 earnings per share, up 5.95% or $0.05 from last year’s $0.84 per share. WAB’s profit will be $85.55M for 23.60 P/E if the $0.89 EPS becomes a reality. After $0.90 actual earnings per share reported by Westinghouse Air Brake Technologies Corporation for the previous quarter, Wall Street now forecasts -1.11% negative EPS growth.

Among 16 analysts covering Wabtec (NYSE:WAB), 9 have Buy rating, 0 Sell and 7 Hold. Therefore 56% are positive. Wabtec had 33 analyst reports since December 21, 2015 according to SRatingsIntel. The rating was downgraded by Deutsche Bank on Thursday, July 13 to “Hold”. The company was maintained on Wednesday, February 21 by Stifel Nicolaus. As per Thursday, February 4, the company rating was downgraded by Goldman Sachs. On Wednesday, October 25 the stock rating was maintained by Stifel Nicolaus with “Hold”. Stifel Nicolaus upgraded the shares of WAB in report on Monday, December 21 to “Buy” rating. As per Monday, September 11, the company rating was maintained by Stifel Nicolaus. The rating was maintained by KeyBanc Capital Markets on Tuesday, October 24 with “Buy”. Wolfe Research upgraded it to “Buy” rating and $88.0 target in Friday, February 16 report. FBR Capital maintained the stock with “Mkt Perform” rating in Wednesday, July 26 report. Edward Jones downgraded Westinghouse Air Brake Technologies Corporation (NYSE:WAB) on Wednesday, July 26 to “Hold” rating.

Since October 30, 2017, it had 0 insider buys, and 1 sale for $145,884 activity.

Westinghouse Air Brake Technologies Corporation (NYSE:WAB) Institutional Positions Chart

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