Investment Technology Group, Inc. (ITG) Reaches $20.77 After 4.00% Up Move; Highvista Strategies Has Cut Its Arch Cap Group LTD (ACGL) Stake

February 16, 2018 - By Louis Casey

Highvista Strategies Llc decreased Arch Cap Group Ltd (ACGL) stake by 91.41% reported in 2017Q3 SEC filing. Highvista Strategies Llc sold 33,000 shares as Arch Cap Group Ltd (ACGL)’s stock rose 0.81%. The Highvista Strategies Llc holds 3,100 shares with $305,000 value, down from 36,100 last quarter. Arch Cap Group Ltd now has $12.25 billion valuation. The stock decreased 0.20% or $0.18 during the last trading session, reaching $89.67. About 55,016 shares traded. Arch Capital Group Ltd. (NASDAQ:ACGL) has risen 33.14% since February 16, 2017 and is uptrending. It has outperformed by 16.44% the S&P500.

The stock of Investment Technology Group, Inc. (NYSE:ITG) is a huge mover today! The stock increased 4.95% or $0.98 during the last trading session, reaching $20.77. About 66,230 shares traded. Investment Technology Group, Inc. (NYSE:ITG) has risen 12.80% since February 16, 2017 and is uptrending. It has underperformed by 3.90% the S&P500.The move comes after 9 months positive chart setup for the $677.12 million company. It was reported on Feb, 16 by We have $21.60 PT which if reached, will make NYSE:ITG worth $27.08M more.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.19, from 1.22 in 2017Q2. It worsened, as 38 investors sold ACGL shares while 81 reduced holdings. 26 funds opened positions while 96 raised stakes. 102.75 million shares or 3.97% more from 98.82 million shares in 2017Q2 were reported. Aperio Group Ltd Company reported 0.13% stake. Dnb Asset Management As invested in 16,866 shares or 0.02% of the stock. 43,099 are held by Citigroup. First Trust Advsr Lp owns 136,092 shares. Voloridge Investment Mgmt holds 0.01% or 4,352 shares in its portfolio. Oppenheimer Asset has 4,078 shares for 0.01% of their portfolio. Ent Services Corp invested in 0.01% or 306 shares. Rafferty Asset Mgmt Ltd holds 0.05% or 21,306 shares in its portfolio. Tiaa Cref Management Ltd Liability reported 344,773 shares or 0.02% of all its holdings. Apg Asset Management Nv holds 585,415 shares or 0.09% of its portfolio. Ruffer Llp reported 6,000 shares or 0.03% of all its holdings. Hall Laurie J Trustee invested in 0.11% or 1,763 shares. Pinnacle Associate Ltd accumulated 0.01% or 4,501 shares. Old Mutual Customised Solutions (Proprietary) Ltd accumulated 3,000 shares. Goldman Sachs holds 0.05% in Arch Capital Group Ltd. (NASDAQ:ACGL) or 1.97 million shares.

Highvista Strategies Llc increased Northrop Grumman Corp (NYSE:NOC) stake by 12,200 shares to 13,300 valued at $3.83M in 2017Q3. It also upped Mindbody Inc stake by 26,800 shares and now owns 136,300 shares. Rockwell Collins Inc (NYSE:COL) was raised too.

Since September 7, 2017, it had 0 insider purchases, and 6 sales for $13.70 million activity. PETRILLO LOUIS T sold 5,921 shares worth $539,212. 38,918 shares were sold by Papadopoulo Nicolas, worth $3.78 million on Tuesday, September 12. $969,912 worth of Arch Capital Group Ltd. (NASDAQ:ACGL) was sold by Lyons Mark Donald on Monday, September 11. Rippert Andrew sold $329,866 worth of stock or 3,500 shares.

Among 15 analysts covering Arch Capital (NASDAQ:ACGL), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Arch Capital had 43 analyst reports since July 31, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, December 12 by BMO Capital Markets. The rating was downgraded by Macquarie Research on Tuesday, January 19 to “Neutral”. The firm has “Buy” rating by Zacks given on Monday, August 10. As per Tuesday, June 6, the company rating was maintained by Wells Fargo. The stock has “Neutral” rating by Goldman Sachs on Wednesday, September 7. The firm earned “Outperform” rating on Friday, July 31 by RBC Capital Markets. The stock of Arch Capital Group Ltd. (NASDAQ:ACGL) earned “Hold” rating by Wells Fargo on Tuesday, June 13. On Monday, July 10 the stock rating was maintained by RBC Capital Markets with “Buy”. The firm has “Hold” rating by Deutsche Bank given on Friday, July 31. The rating was maintained by Keefe Bruyette & Woods on Monday, September 18 with “Hold”.

Among 5 analysts covering Investment Technolgy Group Inc (NYSE:ITG), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Investment Technolgy Group Inc had 8 analyst reports since September 9, 2015 according to SRatingsIntel. The company was maintained on Tuesday, January 9 by Sandler O’Neill. The stock of Investment Technology Group, Inc. (NYSE:ITG) earned “Overweight” rating by JP Morgan on Wednesday, January 20. The firm earned “Neutral” rating on Thursday, April 7 by JP Morgan. The rating was maintained by Jefferies with “Buy” on Tuesday, May 30. Credit Suisse maintained Investment Technology Group, Inc. (NYSE:ITG) on Tuesday, March 29 with “Outperform” rating.

Investment Technology Group, Inc. operates as an independent broker and financial technology firm in the United States, Canada, Europe, and the Asia Pacific. The company has market cap of $677.12 million. The firm offers various solutions for asset managers and broker-dealers in the areas of execution services, workflow technology, and analytics that provide trade execution services and solutions for portfolio management, as well as investment research, pre-trade analytics, and post-trade analytics and processing. It currently has negative earnings. The firm offers ITG Algorithms and ITG Smart Router that offers portfolio managers and traders to trade orders; POSIT for continuous and scheduled crossing of non-displayed equity orders and price improvement opportunities; ITG Derivatives for electronic listed futures and options trading; ITG Commission Manager, a Web commission management portal; and securities lending services.

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