Connor Clark & Lunn Investment Management LTD Has Lowered Hsbc Holdings Plc (HSBC) Position; BANNERMAN RESOURCES LTD ORDINARY SHARES (BNNLF) Sellers Increased By 45.31% Their Shorts

April 17, 2018 - By Linda Rogers

HSBC Holdings plc (NYSE:HSBC) Logo

Connor Clark & Lunn Investment Management Ltd decreased Hsbc Holdings Plc (HSBC) stake by 71.76% reported in 2017Q4 SEC filing. Connor Clark & Lunn Investment Management Ltd sold 156,150 shares as Hsbc Holdings Plc (HSBC)’s stock declined 7.84%. The Connor Clark & Lunn Investment Management Ltd holds 61,450 shares with $3.17M value, down from 217,600 last quarter. Hsbc Holdings Plc now has $190.75 billion valuation. The stock increased 0.32% or $0.155 during the last trading session, reaching $48.895. About 49,619 shares traded. HSBC Holdings plc (NYSE:HSBC) has risen 17.01% since April 17, 2017 and is uptrending. It has outperformed by 5.46% the S&P500.

BANNERMAN RESOURCES LTD ORDINARY SHARES (OTCMKTS:BNNLF) had an increase of 45.31% in short interest. BNNLF’s SI was 9,300 shares in April as released by FINRA. Its up 45.31% from 6,400 shares previously. With 8,000 avg volume, 1 days are for BANNERMAN RESOURCES LTD ORDINARY SHARES (OTCMKTS:BNNLF)’s short sellers to cover BNNLF’s short positions. The stock increased 32.08% or $0.009 during the last trading session, reaching $0.038. About shares traded. Bannerman Resources Limited (OTCMKTS:BNNLF) has 0.00% since April 17, 2017 and is . It has underperformed by 11.55% the S&P500.

Bannerman Resources Limited engages in the exploration and development of uranium properties in Namibia, Southern Africa. The company has market cap of $36.63 million. The companyÂ’s principal property is its 95% -owned Etango Project located in the Erongo uranium mining region of Namibia. It currently has negative earnings.

Among 11 analysts covering HSBC Holdings (NYSE:HSBC), 3 have Buy rating, 2 Sell and 6 Hold. Therefore 27% are positive. HSBC Holdings had 19 analyst reports since September 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating by BNP Paribas given on Monday, June 27. The firm has “Neutral” rating by Credit Suisse given on Tuesday, November 29. JP Morgan upgraded the stock to “Neutral” rating in Monday, June 27 report. Bank of America downgraded the stock to “Underperform” rating in Thursday, March 24 report. As per Tuesday, December 6, the company rating was upgraded by Morgan Stanley. The firm earned “Neutral” rating on Thursday, November 17 by Natixis. Macquarie Research downgraded HSBC Holdings plc (NYSE:HSBC) on Thursday, January 14 to “Neutral” rating. The firm has “Underweight” rating given on Wednesday, January 6 by JP Morgan. The stock has “Sell” rating by Credit Suisse on Tuesday, October 10. The firm earned “Market Perform” rating on Monday, November 21 by Bernstein.

Connor Clark & Lunn Investment Management Ltd increased Comcast Corp. Class A (NASDAQ:CMCSA) stake by 273,225 shares to 632,800 valued at $25.34 million in 2017Q4. It also upped Baidu Inc (NASDAQ:BIDU) stake by 36,225 shares and now owns 129,325 shares. Encana Corp. (NYSE:ECA) was raised too.

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Linda Rogers

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: