Thompson Davis & Co Trimmed Its Bank Amer (BAC) Position by $587,540; Kemet Corp. (KEM) Holder Navellier & Associates Has Upped Its Position

April 23, 2018 - By Darrin Black

Bank of America Corporation (NYSE:BAC) Logo

Thompson Davis & Co decreased its stake in Bank Amer Corp (BAC) by 54.66% based on its latest 2017Q4 regulatory filing with the SEC. Thompson Davis & Co sold 20,260 shares as the company’s stock declined 1.20% with the market. The institutional investor held 16,805 shares of the major banks company at the end of 2017Q4, valued at $496,000, down from 37,065 at the end of the previous reported quarter. Thompson Davis & Co who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $309.53B market cap company. The stock increased 0.05% or $0.01 during the last trading session, reaching $30.27. About 37.16M shares traded. Bank of America Corporation (NYSE:BAC) has risen 28.18% since April 23, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Louis Navellier increased its stake in Kemet Corp. (KEM) by 157.73% based on its latest 2017Q4 regulatory filing with the SEC. Navellier & Associates Inc bought 80,146 shares as the company’s stock rose 16.67% while stock markets declined. The hedge fund run by Louis Navellier held 130,957 shares of the electrical products company at the end of 2017Q4, valued at $1.97 million, up from 50,811 at the end of the previous reported quarter. Navellier & Associates Inc who had been investing in Kemet Corp. for a number of months, seems to be bullish on the $1.03 billion market cap company. The stock decreased 2.57% or $0.48 during the last trading session, reaching $18.22. About 438,356 shares traded. KEMET Corporation (NYSE:KEM) has risen 52.43% since April 23, 2017 and is uptrending. It has outperformed by 40.88% the S&P500.

Since January 19, 2018, it had 0 insider buys, and 7 insider sales for $3.06 million activity. On Wednesday, February 14 Assaf Ronald James sold $337,800 worth of KEMET Corporation (NYSE:KEM) or 20,000 shares. 20,000 KEMET Corporation (NYSE:KEM) shares with value of $362,561 were sold by Meeks Charles C. JR. $406,741 worth of stock was sold by Borruso Joseph Vincent on Friday, January 19. Another trade for 24,999 shares valued at $501,634 was made by BEDI GURMINDER S on Wednesday, March 21. 25,300 shares were sold by LOWE WILLIAM M JR, worth $439,943 on Tuesday, February 6.

Investors sentiment decreased to 1.43 in 2017 Q4. Its down 1.62, from 3.05 in 2017Q3. It fall, as 26 investors sold KEM shares while 49 reduced holdings. 49 funds opened positions while 58 raised stakes. 38.35 million shares or 49.61% less from 76.11 million shares in 2017Q3 were reported. Bridgeway Capital Management holds 0.05% of its portfolio in KEMET Corporation (NYSE:KEM) for 282,250 shares. Royal Bancorporation Of Canada owns 8,697 shares. Deutsche Retail Bank Ag stated it has 205,577 shares. Voloridge Invest Mngmt Ltd Llc reported 0.05% of its portfolio in KEMET Corporation (NYSE:KEM). Moreover, Parametric Port Ltd Liability has 0% invested in KEMET Corporation (NYSE:KEM). Ameritas has 0% invested in KEMET Corporation (NYSE:KEM) for 4,697 shares. 87,347 are held by California State Teachers Retirement Sys. Group One Trading Lp owns 0% invested in KEMET Corporation (NYSE:KEM) for 29,528 shares. Invesco Limited stated it has 582,394 shares or 0% of all its holdings. Lsv Asset, a Illinois-based fund reported 108,865 shares. Nj State Employees Deferred Compensation Plan, New Jersey-based fund reported 40,000 shares. Connor Clark & Lunn Investment Mngmt accumulated 138,230 shares or 0.01% of the stock. Ameriprise holds 338,712 shares or 0% of its portfolio. 248,500 are owned by Morgan Stanley. Cubist Systematic Strategies Ltd Limited Liability Company invested 0.02% in KEMET Corporation (NYSE:KEM).

Among 3 analysts covering Kemet (NYSE:KEM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Kemet had 8 analyst reports since May 23, 2016 according to SRatingsIntel. The firm has “Hold” rating given on Sunday, August 6 by Stifel Nicolaus. On Sunday, September 10 the stock rating was maintained by Stifel Nicolaus with “Hold”. As per Wednesday, October 4, the company rating was maintained by Stifel Nicolaus. The firm has “Buy” rating given on Monday, May 23 by B. Riley & Co. The firm has “Hold” rating given on Thursday, January 18 by Stifel Nicolaus. FBR Capital maintained the shares of KEM in report on Friday, February 2 with “Buy” rating.

Navellier & Associates Inc, which manages about $2.37 billion and $534.84M US Long portfolio, decreased its stake in Summit Hotel Properties Inc. (NYSE:INN) by 125,577 shares to 25,788 shares, valued at $393,000 in 2017Q4, according to the filing. It also reduced its holding in Nova Measuring Instruments Ltd (NASDAQ:NVMI) by 33,138 shares in the quarter, leaving it with 34,746 shares, and cut its stake in Ishares Msci Pacific Ex (EPP).

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 113 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained the shares of BAC in report on Monday, October 10 with “Buy” rating. The firm has “Outperform” rating by Macquarie Research given on Thursday, February 16. The firm has “Hold” rating given on Tuesday, September 1 by Macquarie Research. The company was upgraded on Tuesday, September 1 by Bernstein. JP Morgan maintained Bank of America Corporation (NYSE:BAC) rating on Thursday, April 7. JP Morgan has “Overweight” rating and $16 target. KBW upgraded Bank of America Corporation (NYSE:BAC) on Tuesday, September 1 to “Buy” rating. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 12. The company was maintained on Friday, February 2 by Morgan Stanley. The company was upgraded on Tuesday, September 8 by Nomura. The firm has “Outperform” rating by KBW given on Monday, August 24.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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