Knightsbridge Asset Management Has Increased Bank Amer (BAC) Position by $1.56 Million; Share Price Declined; Vnbtrust National Association Has Upped Its Position in Christopher & Banks (CBK) as Valuation Declined

February 23, 2018 - By Ellis Scott

Knightsbridge Asset Management Llc increased its stake in Bank Amer Corp (BAC) by 19.55% based on its latest 2017Q3 regulatory filing with the SEC. Knightsbridge Asset Management Llc bought 62,487 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 382,153 shares of the major banks company at the end of 2017Q3, valued at $9.68 million, up from 319,666 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in Bank Amer Corp for a number of months, seems to be bullish on the $326.01 billion market cap company. The stock decreased 0.56% or $0.18 during the last trading session, reaching $31.69. About 64.75M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 23, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Vnbtrust National Association increased its stake in Christopher & Banks Corp (CBK) by 94.3% based on its latest 2017Q3 regulatory filing with the SEC. Vnbtrust National Association bought 577,225 shares as the company’s stock declined 16.15% while stock markets rallied. The institutional investor held 1.19M shares of the clothing and shoe and accessory stores company at the end of 2017Q3, valued at $1.62 million, up from 612,109 at the end of the previous reported quarter. Vnbtrust National Association who had been investing in Christopher & Banks Corp for a number of months, seems to be bullish on the $42.37 million market cap company. The stock decreased 1.75% or $0.02 during the last trading session, reaching $1.12. About 70,033 shares traded. Christopher & Banks Corporation (NYSE:CBK) has declined 48.10% since February 23, 2017 and is downtrending. It has underperformed by 64.80% the S&P500.




Vnbtrust National Association, which manages about $251.68M US Long portfolio, decreased its stake in Boeing Co (NYSE:BA) by 1,263 shares to 2,262 shares, valued at $575,000 in 2017Q3, according to the filing. It also reduced its holding in Hudson Technologies Inc (NASDAQ:HDSN) by 230,732 shares in the quarter, leaving it with 924,518 shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Among 2 analysts covering Christopher & Banks Corporation (NYSE:CBK), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Christopher & Banks Corporation had 5 analyst reports since August 14, 2015 according to SRatingsIntel. The rating was downgraded by Dougherty & Company on Monday, August 17 to “Neutral”. Brean Capital downgraded the shares of CBK in report on Friday, August 14 to “Buy” rating. Dougherty & Company upgraded the stock to “Buy” rating in Thursday, April 7 report. The company was downgraded on Wednesday, August 19 by Zacks. On Friday, August 14 the stock rating was downgraded by Dougherty & Company to “Buy”.

Investors sentiment decreased to 0.73 in 2017 Q3. Its down 0.94, from 1.67 in 2017Q2. It is negative, as 9 investors sold CBK shares while 13 reduced holdings. 6 funds opened positions while 10 raised stakes. 14.75 million shares or 6.66% less from 15.80 million shares in 2017Q2 were reported. Wells Fargo & Mn accumulated 1.87 million shares. Accredited Investors invested in 40,900 shares or 0.02% of the stock. Invesco holds 0% or 209,890 shares. Awm Invest Incorporated reported 0.18% stake. Qs Invsts Limited Liability holds 0% of its portfolio in Christopher & Banks Corporation (NYSE:CBK) for 161,669 shares. Price T Rowe Assocs Inc Md invested in 164,022 shares. Macquarie Grp Ltd invested 0% of its portfolio in Christopher & Banks Corporation (NYSE:CBK). Susquehanna Interest Group Incorporated Ltd Liability Partnership reported 21,523 shares. 19,497 were accumulated by Jpmorgan Chase And Commerce. Art Advsrs Llc, a New York-based fund reported 29,799 shares. Malaga Cove Cap Ltd reported 10,000 shares. 16,222 are owned by Royal National Bank & Trust Of Canada. Renaissance Technology Limited holds 0% in Christopher & Banks Corporation (NYSE:CBK) or 2.60 million shares. Geode Mngmt Ltd Company has 200,064 shares for 0% of their portfolio. 285,000 are held by Cumberland Prns Limited.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It dived, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Glg Limited Liability Co owns 933,091 shares for 1.53% of their portfolio. Steinberg Asset Mngmt has 0.12% invested in Bank of America Corporation (NYSE:BAC). Denver Invest Advisors Ltd Liability Company holds 0.02% in Bank of America Corporation (NYSE:BAC) or 16,610 shares. Sheets Smith Wealth Management, a North Carolina-based fund reported 50,872 shares. Country Club Tru Com Na reported 25,640 shares. M Holdg Secs Inc accumulated 84,551 shares. Centre Asset Mngmt Limited Liability holds 281,330 shares. Jefferies Group Limited Liability Corp holds 0.17% or 1.01M shares in its portfolio. Aspen Mgmt Inc reported 32,243 shares. First Citizens Savings Bank Tru Co has invested 1.13% in Bank of America Corporation (NYSE:BAC). 361,978 were accumulated by Shelton Capital Mngmt. The Ohio-based Fort Washington Investment Advisors Oh has invested 1.51% in Bank of America Corporation (NYSE:BAC). Strategy Asset Managers Limited Co reported 0.14% of its portfolio in Bank of America Corporation (NYSE:BAC). Great West Life Assurance Comm Can holds 9.09 million shares or 0.57% of its portfolio. Ray Gerald L And Associates Limited reported 449,094 shares.

Knightsbridge Asset Management Llc, which manages about $398.58 million and $143.83 million US Long portfolio, decreased its stake in Apple Inc (NASDAQ:AAPL) by 18,258 shares to 48,730 shares, valued at $7.51 million in 2017Q3, according to the filing.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Hold” rating by Standpoint Research on Thursday, December 1. Barclays Capital maintained the stock with “Equal Weight” rating in Tuesday, January 3 report. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Tuesday, December 12. The firm earned “Buy” rating on Tuesday, January 9 by Sandler O’Neill. As per Tuesday, September 13, the company rating was downgraded by Societe Generale. The stock has “Hold” rating by BMO Capital Markets on Friday, October 6. Deutsche Bank downgraded the shares of BAC in report on Tuesday, November 8 to “Hold” rating. The rating was downgraded by Berenberg on Monday, April 24 to “Hold”. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The rating was upgraded by Keefe Bruyette & Woods to “Outperform” on Tuesday, November 29.

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