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Kayne Anderson Acquisition Corp. (KAAC) Touches $9.65 Low on Nov, 30; Manning & Napier Advisors Raised Its 3M Co (MMM) Stake

Manning & Napier Advisors Llc increased 3M Co (MMM) stake by 8.85% reported in 2017Q2 SEC filing. Manning & Napier Advisors Llc acquired 9,445 shares as 3M Co (MMM)’s stock rose 7.02%. The Manning & Napier Advisors Llc holds 116,143 shares with $24.18 million value, up from 106,698 last quarter. 3M Co now has $142.60 billion valuation. The stock increased 0.59% or $1.4 during the last trading session, reaching $239.41. About 604,937 shares traded. 3M Company (NYSE:MMM) has risen 18.59% since November 30, 2016 and is uptrending. It has outperformed by 1.89% the S&P500.

The stock of Kayne Anderson Acquisition Corp. (NASDAQ:KAAC) reached all time low today, Nov, 30 and still has $8.78 target or 9.00% below today’s $9.65 share price. This indicates more downside for the $107.80M company. This technical setup was reported by Barchart.com. If the $8.78 PT is reached, the company will be worth $9.70M less. The stock decreased 0.10% or $0.01 during the last trading session, reaching $9.65. About 12,000 shares traded. Kayne Anderson Acquisition Corp. (NASDAQ:KAAC) has 0.00% since November 30, 2016 and is . It has underperformed by 16.70% the S&P500.

Among 14 analysts covering 3M (NYSE:MMM), 7 have Buy rating, 2 Sell and 5 Hold. Therefore 50% are positive. 3M had 65 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of 3M Company (NYSE:MMM) earned “Buy” rating by Citigroup on Monday, October 9. RBC Capital Markets maintained the shares of MMM in report on Wednesday, October 25 with “Hold” rating. Jefferies maintained the stock with “Buy” rating in Thursday, June 1 report. As per Wednesday, January 25, the company rating was maintained by Stifel Nicolaus. The stock of 3M Company (NYSE:MMM) has “Hold” rating given on Wednesday, October 25 by Stifel Nicolaus. The stock of 3M Company (NYSE:MMM) has “Buy” rating given on Tuesday, June 6 by Bank of America. Citigroup maintained the stock with “Buy” rating in Wednesday, July 26 report. As per Friday, September 25, the company rating was upgraded by Credit Suisse. Credit Suisse maintained the shares of MMM in report on Wednesday, October 11 with “Buy” rating. On Wednesday, October 25 the stock rating was maintained by Bank of America with “Buy”.

Investors sentiment increased to 0.91 in Q2 2017. Its up 0.10, from 0.81 in 2017Q1. It is positive, as 45 investors sold MMM shares while 589 reduced holdings. 131 funds opened positions while 449 raised stakes. 387.02 million shares or 0.60% more from 384.71 million shares in 2017Q1 were reported. Cohen Klingenstein Ltd stated it has 15,300 shares. Opus Invest Mgmt accumulated 32,500 shares. Redmond Asset Mgmt Lc accumulated 0.69% or 7,045 shares. 13,141 are owned by Mechanics Bank Trust Department. Alphamark Advisors Limited accumulated 109 shares. 28,904 were accumulated by Nippon Life Insur. Anchor Advsr Limited Liability invested 0.7% in 3M Company (NYSE:MMM). Logan Capital Mgmt reported 0.08% stake. The South Carolina-based Ccm Investment Advisers Limited Liability Corp has invested 1.98% in 3M Company (NYSE:MMM). Flossbach Von Storch Ag reported 183,490 shares or 0.43% of all its holdings. Uss Invest Management Ltd has 33,000 shares. Sg Americas Lc invested 0.1% in 3M Company (NYSE:MMM). Blue Bell Private Wealth Mngmt Ltd Company reported 3,330 shares. Churchill Mgmt Corp has invested 0.02% of its portfolio in 3M Company (NYSE:MMM). Hengehold Capital Limited has 3,346 shares.

Manning & Napier Advisors Llc decreased Staples Inc (NASDAQ:SPLS) stake by 50,848 shares to 160,585 valued at $1.62M in 2017Q2. It also reduced Ashland Global Hldgs Inc stake by 15,497 shares and now owns 1.68 million shares. Visa Inc (NYSE:V) was reduced too.

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