Ejf Capital Has Trimmed Connectone Bancorp New (CNOB) Stake by $1.25 Million; Valuation Rose; As Bristol (BMY) Stock Price Rose, South Texas Money Management LTD Has Lifted by $386,374 Its Stake

May 2, 2018 - By Peter Mason

Bristol-Myers Squibb Company (NYSE:BMY) Logo

South Texas Money Management Ltd increased its stake in Bristol (BMY) by 0.94% based on its latest 2017Q4 regulatory filing with the SEC. South Texas Money Management Ltd bought 6,334 shares as the company’s stock rose 2.38% while stock markets declined. The institutional investor held 680,454 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $41.70 million, up from 674,120 at the end of the previous reported quarter. South Texas Money Management Ltd who had been investing in Bristol for a number of months, seems to be bullish on the $84.42B market cap company. The stock decreased 2.01% or $1.06 during the last trading session, reaching $51.63. About 3.79 million shares traded. Bristol-Myers Squibb Company (NYSE:BMY) has risen 11.37% since May 2, 2017 and is uptrending. It has underperformed by 0.18% the S&P500.

Emanuel J. Friedman decreased its stake in Connectone Bancorp Inc New (CNOB) by 9.09% based on its latest 2017Q4 regulatory filing with the SEC. Ejf Capital Llc sold 50,000 shares as the company’s stock rose 9.79% while stock markets declined. The hedge fund run by Emanuel J. Friedman held 500,000 shares of the finance company at the end of 2017Q4, valued at $12.88M, down from 550,000 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Connectone Bancorp Inc New for a number of months, seems to be less bullish one the $845.05 million market cap company. The stock increased 0.48% or $0.12 during the last trading session, reaching $26.27. About 76,775 shares traded. ConnectOne Bancorp, Inc. (NASDAQ:CNOB) has risen 27.02% since May 2, 2017 and is uptrending. It has outperformed by 15.47% the S&P500.

Since December 12, 2017, it had 1 insider buy, and 1 insider sale for $85,985 activity. 4,000 shares valued at $249,187 were bought by Samuels Theodore R. II on Friday, December 15.

South Texas Money Management Ltd, which manages about $2.17B and $2.15B US Long portfolio, decreased its stake in Hasbro Inc (NASDAQ:HAS) by 28,824 shares to 250,468 shares, valued at $22.77 million in 2017Q4, according to the filing. It also reduced its holding in International Paper Co (NYSE:IP) by 21,148 shares in the quarter, leaving it with 746,604 shares, and cut its stake in Altria Group Inc (NYSE:MO).

Investors sentiment decreased to 0.94 in Q4 2017. Its down 0.09, from 1.03 in 2017Q3. It is negative, as 72 investors sold BMY shares while 526 reduced holdings. 106 funds opened positions while 457 raised stakes. 1.11 billion shares or 0.48% more from 1.11 billion shares in 2017Q3 were reported. Garnet Equity invested in 60,000 shares or 2.94% of the stock. 12,679 were reported by Bender Robert Associates. Aureus Asset Limited Co holds 201,390 shares or 1.91% of its portfolio. Fruth Investment stated it has 0.51% in Bristol-Myers Squibb Company (NYSE:BMY). Ipswich Inv Mgmt Company Inc stated it has 0.74% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Bb&T Corporation accumulated 0.3% or 265,476 shares. World Asset reported 0.28% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Perritt holds 0.1% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 5,900 shares. Iguana Healthcare Mgmt Ltd reported 2% in Bristol-Myers Squibb Company (NYSE:BMY). Cullen Frost Bankers Incorporated invested in 208,151 shares. Keating Inv Counselors invested in 0.78% or 29,882 shares. Perkins Coie Tru reported 3,084 shares stake. Steinberg Glob Asset Management holds 15,491 shares or 0.14% of its portfolio. Lakeview Prtn Ltd Com reported 7,869 shares. Truenorth Incorporated stated it has 4,528 shares or 0.12% of all its holdings.

Among 22 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 7 have Buy rating, 2 Sell and 13 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 86 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Equal-Weight” rating given on Friday, August 5 by Morgan Stanley. The firm has “Buy” rating by Leerink Swann given on Tuesday, February 6. On Monday, July 10 the stock rating was maintained by Cowen & Co with “Hold”. UBS maintained Bristol-Myers Squibb Company (NYSE:BMY) on Friday, August 19 with “Buy” rating. The firm has “Equal-Weight” rating given on Friday, September 9 by Barclays Capital. The rating was maintained by Barclays Capital with “Equal-Weight” on Friday, October 13. On Monday, October 30 the stock rating was upgraded by SunTrust to “Buy”. Jefferies maintained it with “Hold” rating and $68.0 target in Thursday, November 16 report. The stock of Bristol-Myers Squibb Company (NYSE:BMY) has “Buy” rating given on Tuesday, April 17 by Guggenheim. The firm has “Buy” rating by Jefferies given on Monday, December 19.

Ejf Capital Llc, which manages about $7.64B and $1.25B US Long portfolio, upped its stake in Comerica Inc (NYSE:CMA) by 440,000 shares to 740,000 shares, valued at $64.24M in 2017Q4, according to the filing. It also increased its holding in Meta Finl Group Inc (NASDAQ:CASH) by 10,000 shares in the quarter, for a total of 60,000 shares, and has risen its stake in Brighthouse Finl Inc.

Among 6 analysts covering Connectone Bancorp (NASDAQ:CNOB), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Connectone Bancorp had 13 analyst reports since July 29, 2015 according to SRatingsIntel. As per Thursday, November 17, the company rating was maintained by FBR Capital. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Monday, February 26. On Thursday, July 27 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. Raymond James maintained ConnectOne Bancorp, Inc. (NASDAQ:CNOB) rating on Tuesday, April 3. Raymond James has “Strong Buy” rating and $34 target. The stock of ConnectOne Bancorp, Inc. (NASDAQ:CNOB) earned “Buy” rating by Piper Jaffray on Monday, January 29. The company was maintained on Wednesday, September 6 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Tuesday, December 15 by Maxim Group. Maxim Group maintained the stock with “Buy” rating in Monday, December 19 report. Piper Jaffray initiated ConnectOne Bancorp, Inc. (NASDAQ:CNOB) rating on Monday, March 7. Piper Jaffray has “Overweight” rating and $19 target.

Investors sentiment decreased to 1.49 in Q4 2017. Its down 0.08, from 1.57 in 2017Q3. It turned negative, as 4 investors sold CNOB shares while 33 reduced holdings. 13 funds opened positions while 42 raised stakes. 20.62 million shares or 2.86% less from 21.22 million shares in 2017Q3 were reported. Vanguard Group Inc holds 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 1.37M shares. Manufacturers Life The accumulated 0.01% or 225,326 shares. Blackrock Incorporated, New York-based fund reported 1.78 million shares. Schwab Charles Inv Mgmt has invested 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB). Los Angeles Cap And Equity Research reported 22,795 shares or 0% of all its holdings. Geode Capital Management Limited Liability Corporation has 265,873 shares. National Bank Of Montreal Can holds 0% of its portfolio in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 3,387 shares. 11,107 were accumulated by Gsa Capital Llp. Commercial Bank Of America De holds 0% or 72,995 shares in its portfolio. Ny State Common Retirement Fund accumulated 34,300 shares. Wells Fargo & Mn holds 57,249 shares. Bridgeway Management Incorporated holds 0.03% or 101,000 shares in its portfolio. Parallax Volatility Advisers Limited Partnership owns 0% invested in ConnectOne Bancorp, Inc. (NASDAQ:CNOB) for 4,620 shares. Indexiq Advsr Ltd Llc accumulated 58,093 shares. 12,215 were reported by Palouse Capital Mngmt.

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