Westchester Capital Management Has Trimmed Its Holding in American International Group (AIG) by $15.61 Million as Valuation Declined; Texas Pacific Land Trust (TPL) Stock Value Declined While Lawson Kroeker Investment Management Lowered Its Position by $391,880

February 23, 2018 - By Ellis Scott

Westchester Capital Management Llc decreased its stake in American International Group Inc. (AIG) by 22.76% based on its latest 2017Q3 regulatory filing with the SEC. Westchester Capital Management Llc sold 255,900 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 868,600 shares of the finance company at the end of 2017Q3, valued at $53.32M, down from 1.12M at the end of the previous reported quarter. Westchester Capital Management Llc who had been investing in American International Group Inc. for a number of months, seems to be less bullish one the $54.11 billion market cap company. The stock decreased 0.37% or $0.22 during the last trading session, reaching $59.96. About 23.19 million shares traded or 282.13% up from the average. American International Group, Inc. (NYSE:AIG) has risen 8.59% since February 23, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Lawson Kroeker Investment Management Inc decreased its stake in Texas Pacific Land Trust (TPL) by 1.29% based on its latest 2017Q3 regulatory filing with the SEC. Lawson Kroeker Investment Management Inc sold 970 shares as the company’s stock declined 4.81% while stock markets rallied. The institutional investor held 74,099 shares of the oil & gas production company at the end of 2017Q3, valued at $29.94 million, down from 75,069 at the end of the previous reported quarter. Lawson Kroeker Investment Management Inc who had been investing in Texas Pacific Land Trust for a number of months, seems to be less bullish one the $4.01B market cap company. The stock increased 1.18% or $5.97 during the last trading session, reaching $512. About 14,208 shares traded. Texas Pacific Land Trust (NYSE:TPL) has risen 81.36% since February 23, 2017 and is uptrending. It has outperformed by 64.66% the S&P500.




Investors sentiment decreased to 1.12 in 2017 Q3. Its down 0.10, from 1.22 in 2017Q2. It fall, as 8 investors sold TPL shares while 33 reduced holdings. 23 funds opened positions while 23 raised stakes. 2.87 million shares or 0.06% less from 2.88 million shares in 2017Q2 were reported. Oppenheimer Asset Mngmt stated it has 0% in Texas Pacific Land Trust (NYSE:TPL). Alps holds 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 1,243 shares. Financial Bank Of Montreal Can owns 1,281 shares for 0% of their portfolio. Advisory Serv Net Ltd Liability Company owns 20 shares. Gsa Capital Ptnrs Limited Liability Partnership reported 0.04% stake. Cambrian Capital Lp holds 6,650 shares or 3.27% of its portfolio. Financial Mngmt Inc has 0.02% invested in Texas Pacific Land Trust (NYSE:TPL). Pecaut And Comm accumulated 3.23% or 9,775 shares. Pnc Ser Gru holds 0% of its portfolio in Texas Pacific Land Trust (NYSE:TPL) for 9,952 shares. Brown Advisory, Maryland-based fund reported 3,643 shares. Great West Life Assurance Can reported 0% stake. Wellington Management Llp invested in 515 shares. Bahl And Gaynor holds 4,200 shares or 0.02% of its portfolio. Fernwood Limited Liability has 2,825 shares for 0.71% of their portfolio. Kennedy Capital Management holds 0.07% or 9,802 shares.

Since February 15, 2018, it had 0 buys, and 2 sales for $331,484 activity. Shares for $122,320 were sold by Macartney Claudine on Thursday, February 15.

Westchester Capital Management Llc, which manages about $5.44 billion and $3.17B US Long portfolio, upped its stake in Fortress Investment Group Llc (NYSE:FIG) by 1.29M shares to 7.77M shares, valued at $61.93M in 2017Q3, according to the filing. It also increased its holding in Spdr S&P 500 Etf Tr (Call) (SPY) by 460,000 shares in the quarter, for a total of 760,000 shares, and has risen its stake in Rice Energy Inc. (NYSE:RICE).

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on May, 2. They expect $1.37 EPS, up 0.74% or $0.01 from last year’s $1.36 per share. AIG’s profit will be $1.24 billion for 10.94 P/E if the $1.37 EPS becomes a reality. After $0.57 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 140.35% EPS growth.

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