Canal Insurance Company Lowered Its Stake in Flowers Foods Ord (FLO) by $318,136; Avalonbay Cmntys (AVB) Shareholder Keybank National Association Trimmed Position as Market Valuation Declined

April 23, 2018 - By Vivian Park

AvalonBay Communities, Inc. (NYSE:AVB) Logo

Keybank National Association decreased its stake in Avalonbay Cmntys Inc (AVB) by 62.65% based on its latest 2017Q4 regulatory filing with the SEC. Keybank National Association sold 2,437 shares as the company’s stock declined 9.81% with the market. The institutional investor held 1,453 shares of the consumer services company at the end of 2017Q4, valued at $259,000, down from 3,890 at the end of the previous reported quarter. Keybank National Association who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be less bullish one the $22.15B market cap company. The stock decreased 0.40% or $0.65 during the last trading session, reaching $160.22. About 273,210 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since April 23, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Canal Insurance Company decreased its stake in Flowers Foods Ord (FLO) by 12.24% based on its latest 2017Q4 regulatory filing with the SEC. Canal Insurance Company sold 16,744 shares as the company’s stock rose 6.87% while stock markets declined. The institutional investor held 119,999 shares of the consumer non-durables company at the end of 2017Q4, valued at $2.32 million, down from 136,743 at the end of the previous reported quarter. Canal Insurance Company who had been investing in Flowers Foods Ord for a number of months, seems to be less bullish one the $4.71 billion market cap company. The stock increased 0.36% or $0.08 during the last trading session, reaching $22.33. About 194,151 shares traded. Flowers Foods, Inc. (NYSE:FLO) has risen 8.08% since April 23, 2017 and is uptrending. It has underperformed by 3.47% the S&P500.

Since December 11, 2017, it had 0 insider purchases, and 3 sales for $5.26 million activity. $4.63 million worth of AvalonBay Communities, Inc. (NYSE:AVB) shares were sold by NAUGHTON TIMOTHY J. Breslin Sean J. also sold $273,975 worth of AvalonBay Communities, Inc. (NYSE:AVB) on Monday, December 11.

Among 27 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Avalonbay Communities Inc. had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, May 3 by RBC Capital Markets. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by Jefferies on Wednesday, August 10. On Wednesday, June 8 the stock rating was downgraded by Jefferies to “Hold”. The firm has “Outperform” rating by Evercore given on Monday, September 25. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by BMO Capital Markets on Friday, March 2. The stock of AvalonBay Communities, Inc. (NYSE:AVB) earned “Hold” rating by Evercore on Friday, July 15. On Monday, November 27 the stock rating was maintained by BMO Capital Markets with “Hold”. On Friday, February 9 the stock rating was maintained by Mizuho with “Buy”. Sandler O’Neill downgraded AvalonBay Communities, Inc. (NYSE:AVB) on Friday, February 2 to “Hold” rating. The company was maintained on Friday, May 26 by BMO Capital Markets.

Analysts await AvalonBay Communities, Inc. (NYSE:AVB) to report earnings on April, 25 after the close. They expect $2.19 EPS, up 4.78% or $0.10 from last year’s $2.09 per share. AVB’s profit will be $302.69 million for 18.29 P/E if the $2.19 EPS becomes a reality. After $2.25 actual EPS reported by AvalonBay Communities, Inc. for the previous quarter, Wall Street now forecasts -2.67% negative EPS growth.

Keybank National Association, which manages about $17.45B US Long portfolio, upped its stake in Synchrony Finl (NYSE:SYF) by 57,228 shares to 461,550 shares, valued at $17.82 million in 2017Q4, according to the filing. It also increased its holding in Marketaxess Hldgs Inc (NASDAQ:MKTX) by 7,309 shares in the quarter, for a total of 66,616 shares, and has risen its stake in Ishares Tr (IWP).

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.01, from 1.27 in 2017Q3. It increased, as 31 investors sold AVB shares while 129 reduced holdings. 55 funds opened positions while 150 raised stakes. 127.43 million shares or 0.60% less from 128.20 million shares in 2017Q3 were reported. Westpac invested in 303,373 shares or 1.23% of the stock. Cornerstone Management Ltd Liability stated it has 92,833 shares or 0.12% of all its holdings. Nelson Roberts Advsrs Ltd Company holds 439 shares or 0.02% of its portfolio. Cadence Cap Management Lc holds 0.12% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 10,151 shares. Landscape Cap Mngmt Ltd Liability Co invested 0.09% in AvalonBay Communities, Inc. (NYSE:AVB). Illinois-based Driehaus Capital Mgmt Limited Co has invested 0.05% in AvalonBay Communities, Inc. (NYSE:AVB). Finemark Comml Bank Trust holds 4,634 shares. 1.90M were reported by Invesco. 22.35 million were reported by Vanguard Gp. Whittier holds 1,113 shares. Sumitomo Life Ins has invested 0.19% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB). Mutual Of America Capital has 0.06% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 23,697 shares. Moreover, Spinnaker Tru has 0.06% invested in AvalonBay Communities, Inc. (NYSE:AVB). Prudential Plc accumulated 6,350 shares. Ibm Retirement Fund holds 0.11% or 3,374 shares in its portfolio.

Since March 27, 2018, it had 0 insider buys, and 1 sale for $221,680 activity.

Canal Insurance Company, which manages about $280.89 million US Long portfolio, upped its stake in Campbell Soup Ord (NYSE:CPB) by 30,000 shares to 45,000 shares, valued at $2.17 million in 2017Q4, according to the filing. It also increased its holding in Cisco Systems Ord (NASDAQ:CSCO) by 87,448 shares in the quarter, for a total of 117,448 shares, and has risen its stake in Cvs Health Ord (NYSE:CVS).

Analysts await Flowers Foods, Inc. (NYSE:FLO) to report earnings on May, 16. They expect $0.31 EPS, up 24.00% or $0.06 from last year’s $0.25 per share. FLO’s profit will be $65.35M for 18.01 P/E if the $0.31 EPS becomes a reality. After $0.17 actual EPS reported by Flowers Foods, Inc. for the previous quarter, Wall Street now forecasts 82.35% EPS growth.

AvalonBay Communities, Inc. (NYSE:AVB) Institutional Positions Chart

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