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Suffolk Capital Management Lowered Holding in Ameris Bancorp (ABCB) by $505,824 as Valuation Rose; General Electric Co (GE) Stock Price Declined While W-G Shaheen & Associates Dba Whitney & Co Trimmed Its Stake by $2.72 Million

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Suffolk Capital Management Llc decreased its stake in Ameris Bancorp (ABCB) by 34.11% based on its latest 2017Q4 regulatory filing with the SEC. Suffolk Capital Management Llc sold 10,538 shares as the company’s stock rose 6.82% while stock markets declined. The institutional investor held 20,354 shares of the major banks company at the end of 2017Q4, valued at $981,000, down from 30,892 at the end of the previous reported quarter. Suffolk Capital Management Llc who had been investing in Ameris Bancorp for a number of months, seems to be less bullish one the $2.02B market cap company. The stock increased 0.29% or $0.15 during the last trading session, reaching $52.65. About 64,739 shares traded. Ameris Bancorp (NASDAQ:ABCB) has risen 17.58% since April 17, 2017 and is uptrending. It has outperformed by 6.03% the S&P500.

W-G Shaheen & Associates Dba Whitney & Co decreased its stake in General Electric Co (GE) by 87.55% based on its latest 2017Q4 regulatory filing with the SEC. W-G Shaheen & Associates Dba Whitney & Co sold 159,718 shares as the company’s stock declined 23.20% with the market. The institutional investor held 22,703 shares of the consumer electronics and appliances company at the end of 2017Q4, valued at $396,000, down from 182,421 at the end of the previous reported quarter. W-G Shaheen & Associates Dba Whitney & Co who had been investing in General Electric Co for a number of months, seems to be less bullish one the $119.70B market cap company. The stock increased 3.41% or $0.4552 during the last trading session, reaching $13.7852. About 32.62 million shares traded. General Electric Company (NYSE:GE) has declined 54.35% since April 17, 2017 and is downtrending. It has underperformed by 65.90% the S&P500.

Suffolk Capital Management Llc, which manages about $1.92 billion and $770.38 million US Long portfolio, upped its stake in Celgene Corporation (NASDAQ:CELG) by 98,134 shares to 134,138 shares, valued at $14.00 million in 2017Q4, according to the filing. It also increased its holding in Rexnord Corp. (NYSE:RXN) by 24,727 shares in the quarter, for a total of 40,271 shares, and has risen its stake in Sage Theraputics Inc (NASDAQ:SAGE).

Among 10 analysts covering Ameris Bancorp (NASDAQ:ABCB), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Ameris Bancorp had 28 analyst reports since August 14, 2015 according to SRatingsIntel. As per Thursday, September 28, the company rating was maintained by Stephens. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, February 26. Stephens maintained Ameris Bancorp (NASDAQ:ABCB) on Friday, July 21 with “Buy” rating. The company was maintained on Monday, January 29 by Sandler O’Neill. The company was maintained on Tuesday, January 30 by Piper Jaffray. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, November 20. Piper Jaffray maintained it with “Overweight” rating and $37 target in Wednesday, December 23 report. The firm earned “Outperform” rating on Monday, November 2 by Cowen & Co. The stock of Ameris Bancorp (NASDAQ:ABCB) earned “Buy” rating by SunTrust on Friday, November 17. The firm has “Outperform” rating given on Friday, August 14 by Wood.

Since December 13, 2017, it had 0 insider buys, and 6 insider sales for $3.28 million activity. HORTMAN EDWIN W JR sold 10,000 shares worth $535,800. 823 shares were sold by Bassett Lawton E III, worth $43,741 on Wednesday, February 14. Shares for $701,006 were sold by LaHaise James A on Wednesday, December 13.

Analysts await Ameris Bancorp (NASDAQ:ABCB) to report earnings on April, 20 before the open. They expect $0.78 EPS, up 30.00% or $0.18 from last year’s $0.6 per share. ABCB’s profit will be $29.90M for 16.88 P/E if the $0.78 EPS becomes a reality. After $0.63 actual EPS reported by Ameris Bancorp for the previous quarter, Wall Street now forecasts 23.81% EPS growth.

Investors sentiment increased to 1.42 in Q4 2017. Its up 0.29, from 1.13 in 2017Q3. It improved, as 9 investors sold ABCB shares while 46 reduced holdings. 20 funds opened positions while 58 raised stakes. 29.91 million shares or 0.67% more from 29.71 million shares in 2017Q3 were reported. Monarch Ptnrs Asset Mgmt Limited Liability Com holds 64,730 shares. 7,652 are owned by Piedmont Investment Advisors Ltd Liability Com. Solaris Asset Management Limited Liability holds 0.08% or 3,112 shares. Commercial Bank Of Montreal Can stated it has 3,188 shares or 0% of all its holdings. Natixis invested 0% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Proshare Advsrs Ltd Liability owns 0% invested in Ameris Bancorp (NASDAQ:ABCB) for 6,523 shares. Voya Inv Mngmt Limited Company accumulated 26,364 shares or 0% of the stock. Louisiana State Employees Retirement Systems reported 16,000 shares. The Florida-based State Board Of Administration Of Florida Retirement System has invested 0% in Ameris Bancorp (NASDAQ:ABCB). California State Teachers Retirement Sys holds 0.01% or 57,260 shares in its portfolio. Bancorporation invested 0.01% of its portfolio in Ameris Bancorp (NASDAQ:ABCB). Quantum Capital Mgmt owns 0.06% invested in Ameris Bancorp (NASDAQ:ABCB) for 5,141 shares. Credit Suisse Ag holds 56,322 shares. Northern has invested 0.01% in Ameris Bancorp (NASDAQ:ABCB). Guggenheim Limited Liability Co holds 9,648 shares or 0% of its portfolio.

W-G Shaheen & Associates Dba Whitney & Co, which manages about $275.21M and $345.28 million US Long portfolio, upped its stake in Intel Corp (NASDAQ:INTC) by 80,494 shares to 172,947 shares, valued at $7.98M in 2017Q4, according to the filing. It also increased its holding in Aflac Inc (NYSE:AFL) by 3,617 shares in the quarter, for a total of 56,670 shares, and has risen its stake in Express Scripts Hldg Co (NASDAQ:ESRX).

Since January 26, 2018, it had 1 insider buy, and 0 insider sales for $43,446 activity.

Investors sentiment decreased to 0.5 in Q4 2017. Its down 0.19, from 0.69 in 2017Q3. It is negative, as 153 investors sold GE shares while 921 reduced holdings. 151 funds opened positions while 383 raised stakes. 4.69 billion shares or 0.29% less from 4.70 billion shares in 2017Q3 were reported. Kingfisher Cap Limited Liability has 0.29% invested in General Electric Company (NYSE:GE) for 25,906 shares. Moreover, Boyd Watterson Asset Limited Liability Company Oh has 0.5% invested in General Electric Company (NYSE:GE) for 59,876 shares. Wedgewood Inc Pa reported 18,955 shares stake. Ruffer Llp holds 0.1% or 135,800 shares. Kcm Limited Liability Corp owns 313,265 shares. Wealthtrust Fairport Lc holds 0.14% of its portfolio in General Electric Company (NYSE:GE) for 79,427 shares. Texan Cap Mgmt owns 60,326 shares for 0.68% of their portfolio. Loring Wolcott And Coolidge Fiduciary Advsr Ltd Liability Partnership Ma reported 1.08 million shares. Great Lakes Advsr Ltd Liability Com invested in 4.53M shares. 10,641 are owned by Westwood Hldgs Grp. Maple Capital Management reported 314,342 shares. Aureus Asset Management Llc reported 33,968 shares. Intact Mgmt Inc holds 34,600 shares or 0.02% of its portfolio. Nexus Inv Mngmt Inc holds 1.98% or 764,569 shares in its portfolio. The California-based Cap Int Ltd Ca has invested 0.16% in General Electric Company (NYSE:GE).

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 6 Sell and 14 Hold. Therefore 29% are positive. General Electric Company had 99 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup maintained the stock with “Buy” rating in Monday, October 23 report. The stock has “Perform” rating by Oppenheimer on Monday, September 21. Deutsche Bank maintained the stock with “Sell” rating in Monday, October 30 report. As per Tuesday, July 26, the company rating was maintained by Bernstein. The stock of General Electric Company (NYSE:GE) has “Outperform” rating given on Thursday, October 5 by Credit Suisse. The rating was maintained by JP Morgan with “Underweight” on Wednesday, November 1. The rating was upgraded by Vetr to “Buy” on Wednesday, August 26. Credit Suisse maintained General Electric Company (NYSE:GE) rating on Monday, November 23. Credit Suisse has “Outperform” rating and $34 target. Citigroup maintained the shares of GE in report on Thursday, January 25 with “Buy” rating. The firm has “Focus List” rating given on Wednesday, September 16 by Credit Suisse.

General Electric Company (NYSE:GE) Institutional Positions Chart

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