Highstreet Asset Management Has Increased Cgi Group (GIB) Stake; Latam Airlines Group SA (LTM) Shorts Decreased By 25.17%

February 14, 2018 - By Henry Gaston

Highstreet Asset Management Inc increased Cgi Group Inc. (GIB) stake by 6.91% reported in 2017Q3 SEC filing. Highstreet Asset Management Inc acquired 8,799 shares as Cgi Group Inc. (GIB)’s stock rose 0.04%. The Highstreet Asset Management Inc holds 136,172 shares with $7.06M value, up from 127,373 last quarter. Cgi Group Inc. now has $16.26B valuation. The stock increased 3.20% or $1.79 during the last trading session, reaching $57.76. About 536,355 shares traded or 164.54% up from the average. CGI Group Inc. (NYSE:GIB) has risen 9.32% since February 14, 2017 and is uptrending. It has underperformed by 7.38% the S&P500.

Latam Airlines Group SA (NYSE:LTM) had a decrease of 25.17% in short interest. LTM’s SI was 3.37 million shares in February as released by FINRA. Its down 25.17% from 4.51 million shares previously. With 1.03M avg volume, 3 days are for Latam Airlines Group SA (NYSE:LTM)’s short sellers to cover LTM’s short positions. The stock decreased 0.82% or $0.13 during the last trading session, reaching $15.64. About 381,918 shares traded. LATAM Airlines Group S.A. (NYSE:LTM) has 0.00% since February 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Latam Airlines Group S.A., together with its subsidiaries, provides passenger and cargo air transportation services in South America, North/Central America, Europe, Africa, Asia, and Oceania. The company has market cap of $9.01 billion. The firm operates through two divisions, Air Transportation; and Coalition and Loyalty Program Multiplus. It has a 64.9 P/E ratio. It provides passenger transport services to approximately 150 destinations in 22 countries and cargo services to approximately 169 destinations in 27 countries with a fleet of 310 aircraft.

Highstreet Asset Management Inc decreased Toronto (NYSE:TD) stake by 122,511 shares to 1.31 million valued at $73.67 million in 2017Q3. It also reduced Schlumberger Ltd. (NYSE:SLB) stake by 8,101 shares and now owns 20,191 shares. Fifth Third Bancorp (NASDAQ:FITB) was reduced too.

Among 9 analysts covering CGI Group (NYSE:GIB), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. CGI Group had 16 analyst reports since July 29, 2015 according to SRatingsIntel. Canaccord Genuity maintained it with “Buy” rating and $74.0 target in Tuesday, August 22 report. On Thursday, February 1 the stock rating was maintained by Barclays Capital with “Overweight”. TD Securities initiated CGI Group Inc. (NYSE:GIB) on Monday, April 4 with “Buy” rating. The rating was initiated by Macquarie Research with “Neutral” on Tuesday, September 27. Societe Generale downgraded the shares of GIB in report on Thursday, November 10 to “Hold” rating. Dundee Securities maintained the stock with “Buy” rating in Thursday, November 10 report. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, November 12 report. The rating was downgraded by Goldman Sachs on Friday, December 16 to “Sell”. The company was upgraded on Thursday, November 12 by Societe Generale. The firm has “Buy” rating given on Wednesday, November 4 by Desjardins Securities.

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