Preferred Bank (PFBC) Stock Value Rose While Eam Investors Raised Its Holding; Anthem (ANTM) Shareholder Third Point Has Trimmed Its Position as Share Price Declined

April 19, 2018 - By Peter Erickson

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Dan Loeb decreased its stake in Anthem Inc (ANTM) by 70% based on its latest 2017Q4 regulatory filing with the SEC. Third Point Llc sold 875,000 shares as the company’s stock declined 2.73% with the market. The hedge fund run by Dan Loeb held 375,000 shares of the health care company at the end of 2017Q4, valued at $84.38 million, down from 1.25M at the end of the previous reported quarter. Third Point Llc who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $59.01B market cap company. The stock increased 0.49% or $1.13 during the last trading session, reaching $230.65. About 1.09M shares traded. Anthem, Inc. (NYSE:ANTM) has risen 35.30% since April 19, 2017 and is uptrending. It has outperformed by 23.75% the S&P500.

Eam Investors Llc increased its stake in Preferred Bank (PFBC) by 110.84% based on its latest 2017Q4 regulatory filing with the SEC. Eam Investors Llc bought 43,369 shares as the company’s stock rose 3.96% while stock markets declined. The institutional investor held 82,497 shares of the company at the end of 2017Q4, valued at $4.85M, up from 39,128 at the end of the previous reported quarter. Eam Investors Llc who had been investing in Preferred Bank for a number of months, seems to be bullish on the $999.78M market cap company. The stock decreased 0.17% or $0.11 during the last trading session, reaching $65.26. About 67,399 shares traded. Preferred Bank (NASDAQ:PFBC) has risen 24.68% since April 19, 2017 and is uptrending. It has outperformed by 13.13% the S&P500.

Among 4 analysts covering Preferred Bank (NASDAQ:PFBC), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Preferred Bank had 16 analyst reports since August 25, 2015 according to SRatingsIntel. Stephens maintained Preferred Bank (NASDAQ:PFBC) on Monday, July 10 with “Buy” rating. The stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given on Thursday, October 26 by FBR Capital. FBR Capital maintained the stock with “Buy” rating in Wednesday, January 24 report. On Friday, July 22 the stock rating was maintained by FBR Capital with “Outperform”. The stock of Preferred Bank (NASDAQ:PFBC) has “Buy” rating given on Thursday, July 20 by Stephens. On Tuesday, August 25 the stock rating was upgraded by Raymond James to “Outperform”. Raymond James upgraded the stock to “Buy” rating in Tuesday, January 9 report. The firm has “Buy” rating by Sandler O’Neill given on Thursday, January 4. FBR Capital maintained the shares of PFBC in report on Wednesday, July 19 with “Buy” rating. On Friday, July 1 the stock rating was initiated by FBR Capital with “Outperform”.

Eam Investors Llc, which manages about $932.15 million and $760.33M US Long portfolio, decreased its stake in Overstock.Com Inc. (NASDAQ:OSTK) by 20,076 shares to 46,947 shares, valued at $3.00 million in 2017Q4, according to the filing. It also reduced its holding in The Brink’s Company (NYSE:BCO) by 4,117 shares in the quarter, leaving it with 23,494 shares, and cut its stake in Pra Health Sciences Inc..

Third Point Llc, which manages about $17.97 billion and $13.86 billion US Long portfolio, upped its stake in Mohawk Inds Inc (NYSE:MHK) by 100,000 shares to 1.00 million shares, valued at $275.90M in 2017Q4, according to the filing. It also increased its holding in Time Warner Inc (Call) (NYSE:TWX) by 1.25 million shares in the quarter, for a total of 4.00 million shares, and has risen its stake in Alphabet Inc.

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By1 Peter Erickson

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