Caxton Associates LP Position in Zions Bancorporation (ZION) Has Increased by $5.17 Million as Share Value Declined; As Ally Finl (ALLY) Market Valuation Declined, Fortress Investment Group Has Trimmed Its Holding by $3.59 Million

February 22, 2018 - By wolcottdaily

Michael Novogratz decreased its stake in Ally Finl Inc (ALLY) by 5.54% based on its latest 2017Q3 regulatory filing with the SEC. Fortress Investment Group Llc sold 149,690 shares as the company’s stock declined 19.04% while stock markets rallied. The hedge fund run by Michael Novogratz held 2.55M shares of the consumer services company at the end of 2017Q3, valued at $61.87M, down from 2.70 million at the end of the previous reported quarter. Fortress Investment Group Llc who had been investing in Ally Finl Inc for a number of months, seems to be less bullish one the $12.39B market cap company. The stock decreased 0.21% or $0.06 during the last trading session, reaching $28.35. About 157,205 shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 12.72% since February 22, 2017 and is uptrending. It has underperformed by 3.98% the S&P500.

Bruce Kovner increased its stake in Zions Bancorporation (ZION) by 73.33% based on its latest 2017Q3 regulatory filing with the SEC. Caxton Associates Lp bought 110,000 shares as the company’s stock declined 10.19% while stock markets rallied. The hedge fund run by Bruce Kovner held 260,000 shares of the major banks company at the end of 2017Q3, valued at $12.27M, up from 150,000 at the end of the previous reported quarter. Caxton Associates Lp who had been investing in Zions Bancorporation for a number of months, seems to be bullish on the $10.98 billion market cap company. The stock decreased 0.47% or $0.26 during the last trading session, reaching $55.6. About 203,487 shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since February 22, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.




Among 23 analysts covering Ally Financial (NYSE:ALLY), 16 have Buy rating, 1 Sell and 6 Hold. Therefore 70% are positive. Ally Financial had 61 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Thursday, July 27 by Keefe Bruyette & Woods. The firm has “Overweight” rating given on Tuesday, January 2 by Barclays Capital. The stock of Ally Financial Inc. (NYSE:ALLY) has “Buy” rating given on Tuesday, January 16 by BTIG Research. The firm has “Outperform” rating given on Wednesday, July 29 by Credit Suisse. The firm has “Hold” rating given on Friday, January 12 by J.P. Morgan. Piper Jaffray maintained the shares of ALLY in report on Tuesday, January 30 with “Buy” rating. The firm earned “Neutral” rating on Wednesday, May 11 by Macquarie Research. On Wednesday, February 3 the stock rating was maintained by Compass Point with “Buy”. On Tuesday, January 2 the stock rating was maintained by Stephens with “Sell”. Wood maintained Ally Financial Inc. (NYSE:ALLY) rating on Friday, April 7. Wood has “Buy” rating and $24 target.

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on April, 26. They expect $0.68 EPS, up 41.67% or $0.20 from last year’s $0.48 per share. ALLY’s profit will be $297.19 million for 10.42 P/E if the $0.68 EPS becomes a reality. After $0.70 actual EPS reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -2.86% negative EPS growth.

Fortress Investment Group Llc, which manages about $4.56B US Long portfolio, upped its stake in Wideopenwest Inc by 162,112 shares to 433,412 shares, valued at $6.54 million in 2017Q3, according to the filing.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It worsened, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. Parkwood Llc has 4,310 shares for 0.03% of their portfolio. Toronto Dominion Bankshares reported 76,709 shares or 0.01% of all its holdings. Mutual Of America Limited Liability Company holds 0.02% in Zions Bancorporation (NASDAQ:ZION) or 32,050 shares. Victory Mngmt invested in 881,932 shares or 0.09% of the stock. Panagora Asset Management Inc has 880,438 shares for 0.16% of their portfolio. Amp Cap Ltd reported 167,525 shares. Federated Incorporated Pa accumulated 0.06% or 452,316 shares. Highlander Capital Mgmt Limited Liability Co owns 0.11% invested in Zions Bancorporation (NASDAQ:ZION) for 3,000 shares. Ubs Asset Americas holds 0.03% or 587,656 shares. Aviva Public Limited Co holds 0.03% in Zions Bancorporation (NASDAQ:ZION) or 128,327 shares. Heartland Advisors holds 396,129 shares. San Francisco Sentry Invest (Ca) holds 568 shares or 0.01% of its portfolio. Proshare Advisors Ltd Limited Liability Company owns 0.02% invested in Zions Bancorporation (NASDAQ:ZION) for 56,764 shares. Breton Hill Limited has 22,497 shares for 0.2% of their portfolio. Verition Fund Limited Liability Company stated it has 0.05% of its portfolio in Zions Bancorporation (NASDAQ:ZION).

Since December 8, 2017, it had 0 buys, and 7 sales for $1.78 million activity. $67,844 worth of Zions Bancorporation (NASDAQ:ZION) was sold by LAURSEN THOMAS E. 7,196 Zions Bancorporation (NASDAQ:ZION) shares with value of $387,649 were sold by Hume Alexander. $211,791 worth of Zions Bancorporation (NASDAQ:ZION) shares were sold by BLACKFORD DAVID E. Linderman LeeAnne B also sold $159,120 worth of Zions Bancorporation (NASDAQ:ZION) shares. $764,781 worth of stock was sold by Young Mark Richard on Friday, December 8.

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