Pattern Energy Group (PEGI) Stock Value Rose While Carlyle Group LP Trimmed Position; As Bank Amer (BAC) Share Value Declined, Knightsbridge Asset Management Increased by $1.56 Million Its Position

February 19, 2018 - By Peter Erickson

Carlyle Group Lp decreased its stake in Pattern Energy Group Inc (PEGI) by 7.08% based on its latest 2017Q3 regulatory filing with the SEC. Carlyle Group Lp sold 585,300 shares as the company’s stock rose 6.85% with the market. The institutional investor held 7.68M shares of the central company at the end of 2017Q3, valued at $185.02 million, down from 8.26 million at the end of the previous reported quarter. Carlyle Group Lp who had been investing in Pattern Energy Group Inc for a number of months, seems to be less bullish one the $1.89B market cap company. The stock increased 0.89% or $0.17 during the last trading session, reaching $19.28. About 729,185 shares traded. Pattern Energy Group Inc. (NASDAQ:PEGI) has risen 6.74% since February 19, 2017 and is uptrending. It has underperformed by 9.96% the S&P500.

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 $9.68M, 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 $328.89 billion market cap company. The stock decreased 0.75% or $0.24 during the last trading session, reaching $31.97. About 62.14M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 19, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.




Carlyle Group Lp, which manages about $1.58 billion US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 420,625 shares to 24.93M shares, valued at $416.89 million in 2017Q3, according to the filing.

Analysts await Pattern Energy Group Inc. (NASDAQ:PEGI) to report earnings on March, 7. They expect $0.08 earnings per share, up 60.00% or $0.03 from last year’s $0.05 per share. PEGI’s profit will be $7.84M for 60.25 P/E if the $0.08 EPS becomes a reality. After $-0.26 actual earnings per share reported by Pattern Energy Group Inc. for the previous quarter, Wall Street now forecasts -130.77% EPS growth.

Among 15 analysts covering Pattern Energy (NASDAQ:PEGI), 11 have Buy rating, 1 Sell and 3 Hold. Therefore 73% are positive. Pattern Energy had 36 analyst reports since July 24, 2015 according to SRatingsIntel. As per Tuesday, August 11, the company rating was maintained by BMO Capital Markets. The rating was maintained by RBC Capital Markets on Friday, July 21 with “Buy”. The stock of Pattern Energy Group Inc. (NASDAQ:PEGI) earned “Buy” rating by Goldman Sachs on Wednesday, December 6. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 27. The stock has “Buy” rating by BMO Capital Markets on Monday, June 19. The rating was maintained by Oppenheimer with “Buy” on Monday, June 19. The firm has “Buy” rating by Desjardins Securities given on Wednesday, August 2. UBS initiated it with “Neutral” rating and $24 target in Tuesday, September 27 report. The rating was maintained by RBC Capital Markets on Friday, June 9 with “Buy”. As per Friday, November 10, the company rating was maintained by Bank of America.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.50, from 1.54 in 2017Q2. It dropped, as 16 investors sold PEGI shares while 57 reduced holdings. 22 funds opened positions while 54 raised stakes. 71.15 million shares or 27.15% less from 97.67 million shares in 2017Q2 were reported. Parallax Volatility Advisers Lp owns 16,751 shares. Cibc World Inc holds 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI) for 13,250 shares. Vanguard Group Inc has 0.01% invested in Pattern Energy Group Inc. (NASDAQ:PEGI). Guardian Capital Lp reported 0.01% stake. Raymond James And Assoc has invested 0% in Pattern Energy Group Inc. (NASDAQ:PEGI). 72,000 are owned by Shelton Cap Management. 519,960 are owned by Miller Howard New York. 461,898 are owned by Tiaa Cref Inv Management Lc. Barclays Public Ltd Liability owns 11,823 shares for 0% of their portfolio. 73,171 were reported by Sg Americas Secs Lc. Paradigm Asset Mgmt Ltd has 17,810 shares. Lpl Limited Liability stated it has 0% of its portfolio in Pattern Energy Group Inc. (NASDAQ:PEGI). Mufg Americas Hldgs Corporation holds 0% or 706 shares. New York State Common Retirement Fund holds 0% or 83,338 shares in its portfolio. Intact Invest Mngmt Inc owns 484,600 shares.

Since September 1, 2017, it had 0 insider purchases, and 5 selling transactions for $161,535 activity. On Monday, October 2 the insider Pedersen Esben W. sold $57,574.

Investors sentiment decreased to 1.04 in 2017 Q3. 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. Whittier stated it has 142,030 shares or 0.13% of all its holdings. Cap Investment Advsrs Limited holds 417,133 shares or 0.73% of its portfolio. 31.04M are owned by Eagle Cap Management Ltd Liability. Financial Architects Incorporated invested in 0.16% or 3,390 shares. Barrow Hanley Mewhinney Strauss Ltd Llc, a Texas-based fund reported 60.99M shares. Sit Investment owns 450,041 shares for 0.28% of their portfolio. Jarislowsky Fraser Ltd stated it has 34,026 shares or 0.01% of all its holdings. Aureus Asset Management Ltd Llc holds 0.04% or 10,798 shares in its portfolio. Pure Advsr reported 12,677 shares. 1.54M were accumulated by Salzhauer Michael. Fairfield Bush And holds 0.27% in Bank of America Corporation (NYSE:BAC) or 33,554 shares. Livingston Grp Asset Mngmt (Operating As Southport Capital Management) holds 12,829 shares. Cohen & Steers holds 0.09% in Bank of America Corporation (NYSE:BAC) or 1.24M shares. Columbia Ptnrs L L C Invest Mngmt reported 0.07% of its portfolio in Bank of America Corporation (NYSE:BAC). Creative Planning stated it has 0.19% in Bank of America Corporation (NYSE:BAC).

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. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, May 31 report. Nomura upgraded the stock to “Buy” rating in Tuesday, September 8 report. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Friday, October 6 with “Buy” rating. The rating was upgraded by Bernstein on Tuesday, September 1 to “Buy”. Wood downgraded the shares of BAC in report on Monday, May 16 to “Market Perform” rating. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The stock of Bank of America Corporation (NYSE:BAC) earned “Mkt Perform” rating by Bernstein on Tuesday, August 25. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Friday, October 13 by BMO Capital Markets. The firm has “Neutral” rating by UBS given on Wednesday, August 26. The firm has “Buy” rating by Robert W. Baird given on Tuesday, September 1.

Knightsbridge Asset Management Llc, which manages about $398.58M and $143.83M 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.

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