Minerva Advisors Stake in Astronics (ATRO) Trimmed by $3.82 Million; As Bank Amer (BAC) Stock Value Declined, Holder Owl Creek Asset Management LP Trimmed Its Stake by $16.62 Million

August 18, 2018 - By Glen Chin

Bank of America Corporation (NYSE:BAC) Logo

Owl Creek Asset Management Lp decreased its stake in Bank Amer Corp (BAC) by 21.97% based on its latest 2018Q1 regulatory filing with the SEC. Owl Creek Asset Management Lp sold 573,200 shares as the company’s stock declined 6.97% with the market. The hedge fund held 2.04M shares of the major banks company at the end of 2018Q1, valued at $61.05 million, down from 2.61 million at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $307.04B market cap company. The stock increased 0.07% or $0.02 during the last trading session, reaching $30.74. About 39.84M shares traded. Bank of America Corporation (NYSE:BAC) has risen 29.72% since August 18, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: 09/05/2018 – Intra-Cellular Presenting at Bank of America Conference May 16; 22/05/2018 – 8×8 Presenting at Bank of America Conference Jun 5; 03/05/2018 – BAYER COVESTRO SHARE SALE BOOKS COVERED, TO CLOSE TODAY: BAML; 16/04/2018 – TABLE-Delinquency rates fall at three major U.S. banks in March; 16/04/2018 – BANK OF AMERICA CORP – QTRLY NONINTEREST INCOME INCREASED $327 MILLION, OR 3%, TO $11.5 BILLION; 15/05/2018 – Service Corp Presenting at Bank of America Conference Tomorrow; 17/05/2018 – Bank of America Favored by 23 Hedge Funds, 13Fs Show; 20/03/2018 – MULESOFT INC – SALESFORCE HAS OBTAINED A COMMITMENT FROM BOFA MERRILL LYNCH FOR A $3.0 BLN BRIDGE LOAN FACILITY; 20/04/2018 – Qiagen Presenting at Bank of America Conference May 16; 29/03/2018 – AustinBizJournal: EXCLUSIVE: @BankofAmerica to consolidate Austin offices, move into same downtown tower as Facebook…

Minerva Advisors Llc decreased its stake in Astronics Corp (ATRO) by 75.51% based on its latest 2018Q1 regulatory filing with the SEC. Minerva Advisors Llc sold 103,234 shares as the company’s stock declined 17.25% with the market. The hedge fund held 33,489 shares of the military and government and technical company at the end of 2018Q1, valued at $1.25M, down from 136,723 at the end of the previous reported quarter. Minerva Advisors Llc who had been investing in Astronics Corp for a number of months, seems to be less bullish one the $1.24B market cap company. The stock increased 0.16% or $0.07 during the last trading session, reaching $44.54. About 109,021 shares traded or 12.03% up from the average. Astronics Corporation (NASDAQ:ATRO) has risen 13.90% since August 18, 2017 and is uptrending. It has outperformed by 1.33% the S&P500. Some Historical ATRO News: 08/03/2018 Astronics at Management Roadshow Hosted By CL King Today; 28/03/2018 – Astronics Advanced Electronic Systems Certifies and Delivers New UltraLite In-Seat Power System; 17/04/2018 – Astronics May Face Pressure, Industry Posts 34th Straight Drop; 09/04/2018 – Astronics Advanced Electronic Systems Introduces New USB Type-C In-Seat Power System; 22/04/2018 – DJ Astronics Corporation Class B, Inst Holders, 1Q 2018 (ATROB); 09/05/2018 – ASTRONICS CORP – QTRLY BOOKINGS WERE STRONG AT $196.2 MILLION; 02/04/2018 – ASTRONICS CORP – UNIT SELECTED BY MULTIPLE ASIA-PACIFIC AIRLINES TO INSTALL EMPOWER IN-SEAT POWER AND FLIGHT DECK POWER SYSTEMS; 09/05/2018 – ASTRONICS CORP – 89 PCT OF BACKLOG AT QTR-END IS EXPECTED TO SHIP IN 2018; 09/05/2018 – ASTRONICS CORP ATRO.O FY2018 REV VIEW $779.0 MLN — THOMSON REUTERS l/B/E/S; 09/05/2018 – Astronics 1Q EPS 11c

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on October, 12. They expect $0.63 EPS, up 31.25% or $0.15 from last year’s $0.48 per share. BAC’s profit will be $6.29B for 12.20 P/E if the $0.63 EPS becomes a reality. After $0.63 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

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 114 analyst reports since July 21, 2015 according to SRatingsIntel. On Tuesday, December 5 the stock rating was maintained by Raymond James with “Buy”. The firm earned “Buy” rating on Tuesday, August 25 by Deutsche Bank. The stock of Bank of America Corporation (NYSE:BAC) has “Buy” rating given on Wednesday, January 11 by Citigroup. The stock has “Buy” rating by Keefe Bruyette & Woods on Sunday, August 13. The firm earned “Equal-Weight” rating on Tuesday, April 17 by Barclays Capital. The stock of Bank of America Corporation (NYSE:BAC) earned “Neutral” rating by Citigroup on Tuesday, April 24. Wood downgraded the shares of BAC in report on Monday, May 16 to “Market Perform” rating. The firm earned “Hold” rating on Wednesday, April 12 by BMO Capital Markets. Robert W. Baird downgraded the stock to “Neutral” rating in Wednesday, November 16 report. BMO Capital Markets maintained the shares of BAC in report on Monday, October 16 with “Market Perform” rating.

Investors sentiment decreased to 0.95 in 2018 Q1. Its down 0.24, from 1.19 in 2017Q4. It dropped, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Hirtle Callaghan & Ltd Liability Corporation holds 12,000 shares or 0.03% of its portfolio. Provise Mngmt Group Ltd Liability Co invested in 0.41% or 92,508 shares. Moreover, Country Club Trust Na has 0.07% invested in Bank of America Corporation (NYSE:BAC) for 20,212 shares. Convergence Investment Prns Limited Co has invested 1.14% in Bank of America Corporation (NYSE:BAC). Tokio Marine Asset Mgmt invested in 0.19% or 36,216 shares. Tocqueville Asset Mgmt Lp holds 0.8% or 2.09 million shares. Burt Wealth holds 0.07% or 4,501 shares in its portfolio. Accredited Investors Incorporated has invested 0.1% of its portfolio in Bank of America Corporation (NYSE:BAC). Highlander Mgmt Llc holds 1.19% or 68,399 shares in its portfolio. American Assets Invest Management Limited Liability Co stated it has 162,940 shares or 0.93% of all its holdings. Moreover, Boston Common Asset Mgmt Ltd Liability Company has 0.04% invested in Bank of America Corporation (NYSE:BAC). Williams Jones And Assocs Ltd Co holds 1.22% or 1.75M shares. Aperio Gru Ltd Co owns 5.18M shares. Smart Portfolios Lc holds 0.04% or 2,018 shares. Ballentine Prtn Limited Liability holds 0.15% or 89,404 shares in its portfolio.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Finance.Yahoo.com which released: “How a Play in Bank of America Stock Can Double Your Dough” on August 16, 2018, also Bizjournals.com with their article: “Bank of America, Citigroup banned from bond sale in Louisiana due to gun policies” published on August 17, 2018, Livetradingnews.com published: “Bank of America Corporation (NYSE:BAC) Turkey Contagion Fears” on August 14, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Investorplace.com and their article: “3 Reasons Why Bank Of America Is a Good Buy” published on August 17, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: This 5.875% Preferred Stock Has Begun Trading On The NYSE” with publication date: July 28, 2018.

Among 6 analysts covering Astronics Corporation (NASDAQ:ATRO), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Astronics Corporation had 22 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by CL King on Thursday, August 27 with “Buy”. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 21. The firm has “Buy” rating given on Thursday, August 3 by Canaccord Genuity. The company was maintained on Monday, September 26 by Canaccord Genuity. The stock of Astronics Corporation (NASDAQ:ATRO) has “Buy” rating given on Friday, January 12 by Canaccord Genuity. The stock of Astronics Corporation (NASDAQ:ATRO) has “Hold” rating given on Thursday, May 10 by Canaccord Genuity. KeyBanc Capital Markets upgraded the shares of ATRO in report on Wednesday, June 29 to “Overweight” rating. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, August 16. The stock of Astronics Corporation (NASDAQ:ATRO) has “Buy” rating given on Monday, December 11 by Canaccord Genuity. SunTrust maintained Astronics Corporation (NASDAQ:ATRO) rating on Monday, January 8. SunTrust has “Hold” rating and $44.0 target.

Investors sentiment decreased to 0.81 in Q1 2018. Its down 0.29, from 1.1 in 2017Q4. It worsened, as 12 investors sold ATRO shares while 42 reduced holdings. 11 funds opened positions while 33 raised stakes. 19.09 million shares or 0.61% less from 19.21 million shares in 2017Q4 were reported. Swiss Bank & Trust owns 37,700 shares or 0% of their US portfolio. Bragg Financial Advsr Inc holds 16,102 shares or 0.09% of its portfolio. Century stated it has 0% of its portfolio in Astronics Corporation (NASDAQ:ATRO). 1.05 million are owned by Franklin Res. Geode Cap Management Limited Liability accumulated 258,523 shares. Alliancebernstein Ltd Partnership reported 0% in Astronics Corporation (NASDAQ:ATRO). Northern Trust Corporation invested in 310,216 shares. Hgk Asset has invested 0.08% in Astronics Corporation (NASDAQ:ATRO). White Pine Cap holds 37,240 shares or 0.52% of its portfolio. Kornitzer Capital Ks owns 39,600 shares. 46,592 were accumulated by Deutsche State Bank Ag. California State Teachers Retirement Systems owns 31,842 shares or 0% of their US portfolio. Cortina Asset Mngmt Limited Liability Com invested in 112,489 shares. Creative Planning owns 0% invested in Astronics Corporation (NASDAQ:ATRO) for 10,800 shares. Voya Invest Management holds 0% of its portfolio in Astronics Corporation (NASDAQ:ATRO) for 9,661 shares.

Minerva Advisors Llc, which manages about $300.28 million and $189.63M US Long portfolio, upped its stake in Entercom Communications (NYSE:ETM) by 256,618 shares to 521,978 shares, valued at $5.04M in 2018Q1, according to the filing.

Analysts await Astronics Corporation (NASDAQ:ATRO) to report earnings on November, 6. They expect $0.56 EPS, up 166.67% or $0.35 from last year’s $0.21 per share. ATRO’s profit will be $15.62M for 19.88 P/E if the $0.56 EPS becomes a reality. After $0.49 actual EPS reported by Astronics Corporation for the previous quarter, Wall Street now forecasts 14.29% EPS growth.

Astronics Corporation (NASDAQ:ATRO) Institutional Positions Chart

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