Nordea Investment Management Ab Cut American International Group (AIG) Stake By $17.00 Million; Emcore Has 1.38 Sentiment

May 18, 2018 - By Michael Collier

EMCORE Corporation (NASDAQ:EMKR) Logo

Emcore Corp (EMKR) investors sentiment increased to 1.38 in 2017 Q4. It’s up 0.28, from 1.1 in 2017Q3. The ratio has improved, as 47 investment managers opened new or increased stock positions, while 34 cut down and sold their holdings in Emcore Corp. The investment managers in our database now hold: 20.84 million shares, up from 20.30 million shares in 2017Q3. Also, the number of investment managers holding Emcore Corp in top ten stock positions was flat from 1 to 1 for the same number . Sold All: 16 Reduced: 18 Increased: 29 New Position: 18.




Nordea Investment Management Ab decreased American International Group (AIG) stake by 48.12% reported in 2017Q4 SEC filing. Nordea Investment Management Ab sold 288,193 shares as American International Group (AIG)’s stock declined 9.32%. The Nordea Investment Management Ab holds 310,738 shares with $18.51 million value, down from 598,931 last quarter. American International Group now has $49.58 billion valuation. The stock increased 0.79% or $0.43 during the last trading session, reaching $55.22. About 4.41 million shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since May 18, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Nordea Investment Management Ab increased Deluxe (NYSE:DLX) stake by 12,054 shares to 564,445 valued at $43.37 million in 2017Q4. It also upped Mercadolibre (NASDAQ:MELI) stake by 30,028 shares and now owns 235,986 shares. Insperity (NYSE:NSP) was raised too.

Since February 15, 2018, it had 2 buys, and 2 selling transactions for $47,270 activity. $209,164 worth of stock was sold by Macia Seraina on Friday, February 16. LEONARDI THOMAS B had bought 2,500 shares worth $128,875 on Friday, May 4. 4,800 shares were bought by STEENLAND DOUGLAS M, worth $249,879. On Thursday, February 15 the insider Macartney Claudine sold $122,320.

Among 21 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 5 Hold. Therefore 71% are positive. American International Group had 82 analyst reports since August 5, 2015 according to SRatingsIntel. Janney Capital upgraded the shares of AIG in report on Wednesday, March 30 to “Buy” rating. Piper Jaffray maintained the shares of AIG in report on Tuesday, November 3 with “Overweight” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Outperform” rating by FBR Capital given on Wednesday, August 5. Goldman Sachs maintained American International Group, Inc. (NYSE:AIG) on Monday, August 8 with “Buy” rating. Deutsche Bank upgraded the stock to “Hold” rating in Wednesday, December 6 report. As per Tuesday, May 16, the company rating was upgraded by Morgan Stanley. The stock of American International Group, Inc. (NYSE:AIG) has “Hold” rating given on Thursday, May 3 by Deutsche Bank. FBR Capital maintained American International Group, Inc. (NYSE:AIG) on Monday, November 28 with “Mkt Perform” rating. The stock of American International Group, Inc. (NYSE:AIG) has “Market Perform” rating given on Monday, August 22 by BMO Capital Markets.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on August, 1. They expect $1.26 earnings per share, down 17.65% or $0.27 from last year’s $1.53 per share. AIG’s profit will be $1.13 billion for 10.96 P/E if the $1.26 EPS becomes a reality. After $1.04 actual earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 21.15% EPS growth.

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: Benzinga.com which released: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” on April 27, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” published on May 17, 2018, Benzinga.com published: “Goldman Turns Bullish On AIG Ahead Of Projected Q4 Catalyst” on May 10, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Seekingalpha.com and their article: “Icahn throws in the towel in AIG” published on May 07, 2018 as well as Marketwatch.com‘s news article titled: “Icahn divests AIG, Paypal stakes” with publication date: May 16, 2018.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.09, from 0.79 in 2017Q3. It is negative, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. Ontario Teachers Pension Plan Board reported 1.11 million shares stake. Korea Investment Corporation stated it has 794,510 shares. State Of New Jersey Common Pension Fund D has invested 0.33% in American International Group, Inc. (NYSE:AIG). Spears Abacus Advsrs Lc holds 4.08% or 562,647 shares in its portfolio. Holowesko Ptnrs Limited holds 2.77% or 735,000 shares in its portfolio. Roundview Cap Ltd stated it has 9,748 shares. Citadel Lc has 858,186 shares for 0.03% of their portfolio. Fmr Limited Liability Company, a Massachusetts-based fund reported 8.98M shares. D L Carlson Investment Incorporated has invested 0.79% in American International Group, Inc. (NYSE:AIG). 9,020 are owned by Ferguson Wellman. Piedmont Inv Ltd Liability Co holds 0.23% or 193,676 shares. Price T Rowe Associate Inc Md has 22.38 million shares. Chevy Chase Trust Holding holds 836,804 shares. Riverhead Capital Limited has 0.03% invested in American International Group, Inc. (NYSE:AIG) for 11,427 shares. 1832 Asset Lp reported 0% stake.

Since January 1, 0001, it had 0 buys, and 1 sale for $348,425 activity.

The stock decreased 1.05% or $0.05 during the last trading session, reaching $4.7. About 45,567 shares traded. EMCORE Corporation (EMKR) has declined 34.29% since May 18, 2017 and is downtrending. It has underperformed by 45.84% the S&P500.

Ratings analysis reveals 100% of Emcore’s analysts are positive. Out of 2 Wall Street analysts rating Emcore, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $7.5 while the high is $12.0. The stock’s average target of $9.75 is 107.45% above today’s ($4.7) share price. EMKR was included in 2 notes of analysts from October 20, 2016. The stock of EMCORE Corporation (NASDAQ:EMKR) earned “Buy” rating by Lake Street on Wednesday, February 8. The stock of EMCORE Corporation (NASDAQ:EMKR) has “Buy” rating given on Thursday, October 20 by Dougherty & Company.

P.A.W. Capital Corp holds 5.52% of its portfolio in EMCORE Corporation for 680,000 shares. S Squared Technology Llc owns 304,244 shares or 1.79% of their US portfolio. Moreover, Paradigm Capital Management Inc Ny has 1.39% invested in the company for 2.53 million shares. The Pennsylvania-based Millrace Asset Group Inc. has invested 0.77% in the stock. Portolan Capital Management Llc, a Massachusetts-based fund reported 673,364 shares.

Another recent and important EMCORE Corporation (NASDAQ:EMKR) news was published by Seekingalpha.com which published an article titled: “EMCORE’s (EMKR) CEO Jeff Rittichier on Q2 2018 Results – Earnings Call Transcript” on May 03, 2018.

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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