Stock News

Berkley W R Continues to Hold Stake in Sandy Spring Bancorp (Put) (SASR); Ruane Cunniff & Goldfarb Trimmed Its Hdfc Bank LTD (HDB) Position by $394,176 as Shares Rose

Berkley W R Corp increased its stake in Sandy Spring Bancorp Inc (Put) (SASR) by 291.75% based on its latest 2017Q3 regulatory filing with the SEC. Berkley W R Corp bought 28,300 shares as the company’s stock declined 8.58% while stock markets rallied. The institutional investor held 38,000 shares of the finance company at the end of 2017Q3, valued at $1.58M, up from 9,700 at the end of the previous reported quarter. Berkley W R Corp who had been investing in Sandy Spring Bancorp Inc (Put) for a number of months, seems to be bullish on the $1.36 billion market cap company. The stock increased 3.34% or $1.24 during the last trading session, reaching $38.33. About 417,046 shares traded or 114.26% up from the average. Sandy Spring Bancorp, Inc. (NASDAQ:SASR) has risen 42.32% since February 15, 2017 and is uptrending. It has outperformed by 25.62% the S&P500.

Ruane Cunniff & Goldfarb Inc decreased its stake in Hdfc Bank Ltd (HDB) by 31.15% based on its latest 2017Q3 regulatory filing with the SEC. Ruane Cunniff & Goldfarb Inc sold 4,106 shares as the company’s stock rose 20.33% with the market. The institutional investor held 9,074 shares of the commercial banks company at the end of 2017Q3, valued at $874,000, down from 13,180 at the end of the previous reported quarter. Ruane Cunniff & Goldfarb Inc who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $78.40 billion market cap company. The stock increased 0.85% or $0.86 during the last trading session, reaching $102.22. About 543,452 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 36.23% since February 15, 2017 and is uptrending. It has outperformed by 19.53% the S&P500.

Among 6 analysts covering Sandy Spring Bancorp (NASDAQ:SASR), 0 have Buy rating, 0 Sell and 6 Hold. Therefore 0 are positive. Sandy Spring Bancorp had 11 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Sandler O’Neill given on Friday, January 12. Robert W. Baird maintained Sandy Spring Bancorp, Inc. (NASDAQ:SASR) on Wednesday, January 10 with “Hold” rating. The stock of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) earned “Hold” rating by Keefe Bruyette & Woods on Friday, January 19. The firm has “Hold” rating by Keefe Bruyette & Woods given on Thursday, December 21. The firm has “Sell” rating given on Tuesday, August 25 by Zacks. Keefe Bruyette & Woods maintained it with “Hold” rating and $44.0 target in Tuesday, October 3 report. Robert W. Baird maintained the stock with “Hold” rating in Thursday, October 19 report.

Since January 22, 2018, it had 2 insider purchases, and 5 insider sales for $1.24 million activity. Andersen Shaza L had sold 8,546 shares worth $338,739. On Wednesday, January 24 BRACEWELL JOSEPH S sold $348,683 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) or 8,885 shares. The insider REEDER JOE sold $59,408. $36,760 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was bought by Friis Mark E on Tuesday, February 6. $22,693 worth of Sandy Spring Bancorp, Inc. (NASDAQ:SASR) was bought by Stephenson Mona Abutaleb on Monday, February 5.

Investors sentiment decreased to 1.44 in 2017 Q3. Its down 0.39, from 1.83 in 2017Q2. It worsened, as 14 investors sold SASR shares while 31 reduced holdings. 23 funds opened positions while 42 raised stakes. 16.21 million shares or 3.18% more from 15.71 million shares in 2017Q2 were reported. Lsv Asset holds 68,800 shares. Cwm Limited Liability Company reported 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Rhumbline Advisers holds 0% or 30,942 shares. Millennium Mgmt Lc holds 300,482 shares or 0.02% of its portfolio. Bowling Port Ltd Limited Liability Company invested in 34,943 shares or 0.22% of the stock. Nationwide Fund Advisors, Pennsylvania-based fund reported 16,263 shares. Voya Mgmt Ltd has invested 0% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). First Quadrant Ltd Partnership Ca, California-based fund reported 3,595 shares. Citadel Advisors Ltd Co reported 0% stake. State Board Of Administration Of Florida Retirement holds 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR) for 29,930 shares. Schroder Invest Grp Incorporated invested in 8,603 shares. California Employees Retirement Sys stated it has 0% of its portfolio in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). Northern invested 0.01% in Sandy Spring Bancorp, Inc. (NASDAQ:SASR). 142,702 were accumulated by Schwab Charles Investment Mgmt. Blackrock Inc reported 2.06 million shares.

Berkley W R Corp, which manages about $686.91M US Long portfolio, decreased its stake in Double Eagle Acquisition Cor by 303,620 shares to 1.92M shares, valued at $19.37 million in 2017Q3, according to the filing. It also reduced its holding in Easterly Acquisition Corp by 801,211 shares in the quarter, leaving it with 48,345 shares, and cut its stake in Loews Corp (NYSE:L).

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Morgan Stanley downgraded the shares of HDB in report on Tuesday, March 21 to “Equal-Weight” rating. The company was maintained on Wednesday, September 14 by Goldman Sachs. Zacks downgraded the stock to “Sell” rating in Wednesday, September 2 report. The firm has “Hold” rating given on Monday, September 21 by Zacks. The firm has “Hold” rating by Zacks given on Thursday, August 27.

Ruane Cunniff & Goldfarb Inc, which manages about $26.52 billion and $11.42B US Long portfolio, upped its stake in Expeditors Intl Wash Inc (NASDAQ:EXPD) by 102,132 shares to 109,341 shares, valued at $6.55 million in 2017Q3, according to the filing. It also increased its holding in Berkshire Hathaway Inc Del (BRKA) by 149 shares in the quarter, for a total of 3,829 shares, and has risen its stake in Visa Inc (NYSE:V).

Leave a Reply

Your email address will not be published. Required fields are marked *