British Columbia Investment Management Upped Its Sl Green Rlty (SLG) Position; Barrick Gold (ABX) Holder Goodhaven Capital Management Cut Holding by $832,800 as Share Price Declined

January 14, 2018 - By Nellie Frank

British Columbia Investment Management Corp increased its stake in Sl Green Rlty Corp (SLG) by 9.6% based on its latest 2017Q3 regulatory filing with the SEC. British Columbia Investment Management Corp bought 3,000 shares as the company’s stock declined 8.11% while stock markets rallied. The institutional investor held 34,242 shares of the real estate investment trusts company at the end of 2017Q3, valued at $3.47 million, up from 31,242 at the end of the previous reported quarter. British Columbia Investment Management Corp who had been investing in Sl Green Rlty Corp for a number of months, seems to be bullish on the $9.52 billion market cap company. The stock decreased 0.27% or $0.26 during the last trading session, reaching $95.47. About 616,582 shares traded. SL Green Realty Corp. (NYSE:SLG) has risen 3.99% since January 14, 2017 and is uptrending. It has underperformed by 12.71% the S&P500.

Goodhaven Capital Management Llc decreased its stake in Barrick Gold Corp (ABX) by 2.47% based on its latest 2017Q3 regulatory filing with the SEC. Goodhaven Capital Management Llc sold 52,050 shares as the company’s stock declined 17.45% while stock markets rallied. The institutional investor held 2.05 million shares of the precious metals company at the end of 2017Q3, valued at $33.01 million, down from 2.10M at the end of the previous reported quarter. Goodhaven Capital Management Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $17.36 billion market cap company. The stock increased 3.21% or $0.47 during the last trading session, reaching $15.12. About 15.26M shares traded or 50.00% up from the average. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since January 14, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 81 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Hold” rating by JP Morgan given on Wednesday, August 12. The rating was initiated by Clarkson Capital on Tuesday, February 16 with “Neutral”. Deutsche Bank downgraded Barrick Gold Corporation (NYSE:ABX) rating on Wednesday, March 23. Deutsche Bank has “Hold” rating and $14.50 target. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Sell” rating by Citigroup on Thursday, November 30. The rating was downgraded by Canaccord Genuity on Tuesday, May 3 to “Hold”. JP Morgan maintained Barrick Gold Corporation (NYSE:ABX) on Tuesday, March 15 with “Neutral” rating. On Wednesday, August 19 the stock rating was upgraded by Macquarie Research to “Neutral”. The stock of Barrick Gold Corporation (NYSE:ABX) earned “Sector Perform” rating by IBC on Friday, July 24. The firm has “Hold” rating by Credit Suisse given on Thursday, October 26. RBC Capital Markets maintained it with “Buy” rating and $21.0 target in Monday, August 21 report.

Goodhaven Capital Management Llc, which manages about $760.25 million and $197.70M US Long portfolio, upped its stake in New York Reit Inc (NYSE:NYRT) by 139,300 shares to 289,300 shares, valued at $2.27M in 2017Q3, according to the filing.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21. They expect $0.21 EPS, down 4.55% or $0.01 from last year’s $0.22 per share. ABX’s profit will be $241.15M for 18.00 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Investors sentiment decreased to 0.84 in 2017 Q3. Its down 0.19, from 1.03 in 2017Q2. It turned negative, as 27 investors sold SLG shares while 120 reduced holdings. 29 funds opened positions while 95 raised stakes. 98.25 million shares or 2.18% less from 100.44 million shares in 2017Q2 were reported. Gulf Bancshares (Uk) Limited has 33,531 shares for 0.05% of their portfolio. Prudential Financial Incorporated owns 551,128 shares. 15,253 are held by Caisse De Depot Et Placement Du Quebec. Cbre Clarion Securities stated it has 2.82M shares or 3.16% of all its holdings. Quantitative Systematic Strategies Lc has 0.1% invested in SL Green Realty Corp. (NYSE:SLG). South Texas Money Mngmt Ltd reported 0.02% stake. Liberty Mutual Asset Inc has invested 0.02% of its portfolio in SL Green Realty Corp. (NYSE:SLG). Northern Tru Corp holds 1.57M shares or 0.04% of its portfolio. Gideon Capital Advsrs holds 0.21% in SL Green Realty Corp. (NYSE:SLG) or 2,105 shares. Jacobs Levy Equity Mngmt accumulated 125,478 shares. Ameriprise Fincl reported 0.03% of its portfolio in SL Green Realty Corp. (NYSE:SLG). Macquarie Grp Incorporated Limited has 0.03% invested in SL Green Realty Corp. (NYSE:SLG). Asset Management One Company accumulated 382,260 shares. Alpine Woods Lc reported 51,071 shares. Royal National Bank & Trust Of Canada stated it has 64,160 shares.

British Columbia Investment Management Corp, which manages about $12.94B US Long portfolio, decreased its stake in Dr Pepper Snapple Group Inc (NYSE:DPS) by 4,000 shares to 100,287 shares, valued at $8.87M in 2017Q3, according to the filing. It also reduced its holding in Raytheon Co (NYSE:RTN) by 6,665 shares in the quarter, leaving it with 180,101 shares, and cut its stake in Iron Mtn Inc New (NYSE:IRM).

Among 21 analysts covering SL Green Realty Corp. (NYSE:SLG), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. SL Green Realty Corp. had 76 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Tuesday, October 25 by Deutsche Bank. Goldman Sachs upgraded it to “Neutral” rating and $95 target in Friday, February 19 report. The firm has “Hold” rating by Jefferies given on Wednesday, October 18. The stock of SL Green Realty Corp. (NYSE:SLG) has “Buy” rating given on Wednesday, July 26 by Citigroup. The firm has “Outperform” rating given on Thursday, September 10 by BMO Capital Markets. The stock of SL Green Realty Corp. (NYSE:SLG) earned “Hold” rating by Jefferies on Thursday, December 8. The company was downgraded on Monday, September 7 by Zacks. Barclays Capital maintained it with “Equal-Weight” rating and $110 target in Tuesday, July 18 report. The firm has “Hold” rating given on Monday, August 15 by Evercore. The firm has “Neutral” rating given on Friday, July 1 by UBS.

Since December 12, 2017, it had 0 buys, and 1 insider sale for $619,380 activity.

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By1 Nellie Frank







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