Hanesbrands (HBI) Position Held by Patten Group Inc; International Business Machs (IBM) Stock Price Declined While Sather Financial Group Has Cut Stake

February 15, 2018 - By Adrian Mccoy

Sather Financial Group Inc decreased its stake in International Business Machs (IBM) by 7.13% based on its latest 2017Q3 regulatory filing with the SEC. Sather Financial Group Inc sold 3,699 shares as the company’s stock declined 15.88% while stock markets rallied. The institutional investor held 48,153 shares of the computer manufacturing company at the end of 2017Q3, valued at $6.99 million, down from 51,852 at the end of the previous reported quarter. Sather Financial Group Inc who had been investing in International Business Machs for a number of months, seems to be less bullish one the $143.13 billion market cap company. The stock decreased 0.10% or $0.1548 during the last trading session, reaching $154.6052. About 1.88M shares traded. International Business Machines Corporation (NYSE:IBM) has risen 4.86% since February 15, 2017 and is uptrending. It has underperformed by 11.84% the S&P500.

Patten Group Inc increased its stake in Hanesbrands Inc (HBI) by 1196.93% based on its latest 2017Q3 regulatory filing with the SEC. Patten Group Inc bought 56,495 shares as the company’s stock declined 1.43% while stock markets rallied. The institutional investor held 61,215 shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $1.51M, up from 4,720 at the end of the previous reported quarter. Patten Group Inc who had been investing in Hanesbrands Inc for a number of months, seems to be bullish on the $7.44 billion market cap company. The stock decreased 2.34% or $0.495 during the last trading session, reaching $20.645. About 2.11M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since February 15, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.




Investors sentiment decreased to 1.15 in Q3 2017. Its down 0.18, from 1.33 in 2017Q2. It fall, as 43 investors sold HBI shares while 189 reduced holdings. 78 funds opened positions while 188 raised stakes. 334.65 million shares or 1.31% more from 330.33 million shares in 2017Q2 were reported. Caprock Gru reported 0.14% stake. Cibc Asset Mgmt Incorporated holds 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 37,044 shares. Fjarde Ap invested in 89,202 shares. Art Advsr Limited Liability invested in 0.01% or 8,500 shares. Ls Inv Advsr Ltd Company reported 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Moreover, Waddell And Reed has 0% invested in Hanesbrands Inc. (NYSE:HBI) for 11,004 shares. Spark Investment Ltd reported 223,000 shares stake. Bb&T Secs Ltd Llc accumulated 882,131 shares or 0.3% of the stock. Ameritas Investment Partners Incorporated holds 0.01% or 8,213 shares in its portfolio. 374,606 were accumulated by Epoch Investment Prtnrs. Moreover, Ifrah Fincl Svcs Inc has 0.22% invested in Hanesbrands Inc. (NYSE:HBI). Moreover, Us Comml Bank De has 0% invested in Hanesbrands Inc. (NYSE:HBI). Manufacturers Life Insurance Co The stated it has 0.01% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Rfg Advisory Limited Company has invested 0.17% in Hanesbrands Inc. (NYSE:HBI). Fic Cap owns 170,833 shares or 1.6% of their US portfolio.

Among 19 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Hanesbrands had 57 analyst reports since September 17, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, December 19 by Citigroup. The rating was maintained by Cowen & Co on Wednesday, September 27 with “Hold”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Hold” rating by Cowen & Co on Thursday, August 24. Oppenheimer initiated it with “Outperform” rating and $35 target in Friday, October 16 report. On Friday, February 9 the stock rating was maintained by B. Riley & Co with “Buy”. The firm earned “Buy” rating on Thursday, February 8 by FBR Capital. The firm earned “Overweight” rating on Thursday, January 25 by Barclays Capital. Oppenheimer maintained Hanesbrands Inc. (NYSE:HBI) on Tuesday, August 29 with “Buy” rating. The firm earned “Buy” rating on Monday, December 12 by DA Davidson. Stifel Nicolaus maintained Hanesbrands Inc. (NYSE:HBI) rating on Friday, February 3. Stifel Nicolaus has “Hold” rating and $23 target.

Since August 28, 2017, it had 0 buys, and 1 insider sale for $250,536 activity.

Patten Group Inc, which manages about $247.19M US Long portfolio, decreased its stake in At&T Inc (NYSE:T) by 9,658 shares to 38,237 shares, valued at $1.50 million in 2017Q3, according to the filing. It also reduced its holding in Qualcomm Inc (NASDAQ:QCOM) by 6,480 shares in the quarter, leaving it with 4,625 shares, and cut its stake in Ishares Russell 1000 Growth (IWF).

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 123 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 30 by BMO Capital Markets. The firm has “Sell” rating by Societe Generale given on Wednesday, April 19. The stock of International Business Machines Corporation (NYSE:IBM) earned “Hold” rating by KeyBanc Capital Markets on Wednesday, July 19. Morgan Stanley maintained International Business Machines Corporation (NYSE:IBM) rating on Thursday, March 31. Morgan Stanley has “Overweight” rating and $168 target. The stock has “Hold” rating by RBC Capital Markets on Tuesday, August 15. The rating was maintained by Morgan Stanley on Wednesday, October 18 with “Buy”. The firm earned “Hold” rating on Thursday, July 13 by Guggenheim. The rating was maintained by Goldman Sachs on Tuesday, April 19 with “Neutral”. The company was maintained on Thursday, October 12 by RBC Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $180.0 target in Friday, January 19 report.

Investors sentiment increased to 0.74 in 2017 Q3. Its up 0.02, from 0.72 in 2017Q2. It increased, as 70 investors sold IBM shares while 676 reduced holdings. 100 funds opened positions while 451 raised stakes. 519.10 million shares or 2.22% less from 530.91 million shares in 2017Q2 were reported. Commonwealth Commercial Bank Of Aus has 0.25% invested in International Business Machines Corporation (NYSE:IBM). 37,700 were reported by Pensionfund Dsm Netherlands. Waters Parkerson And Communications Llc invested in 51,667 shares. Budros Ruhlin & Roe Inc invested in 8,341 shares. Inv Centers Of America holds 8,780 shares. Godshalk Welsh Management Incorporated owns 5,350 shares for 0.78% of their portfolio. Advisor Partners Limited Liability holds 12,556 shares. Old Point Trust & Financial N A holds 0.57% or 6,955 shares. Profund Advisors Limited Liability Company holds 0.21% in International Business Machines Corporation (NYSE:IBM) or 34,849 shares. Moreover, Legacy Capital Prtnrs has 0.21% invested in International Business Machines Corporation (NYSE:IBM). First United Fincl Bank Trust owns 2,773 shares for 0.27% of their portfolio. Roosevelt Invest Inc invested 0.06% in International Business Machines Corporation (NYSE:IBM). Wetherby Asset Incorporated accumulated 0.31% or 14,557 shares. Roberts Glore & Il stated it has 1,965 shares or 0.18% of all its holdings. Alpine Woods Cap Ltd Llc accumulated 7,073 shares.

Since January 31, 2018, it had 1 insider purchase, and 0 insider sales for $99,659 activity.

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