Priceline Grp (PCLN) Shareholder Cubist Systematic Strategies Trimmed Position as Stock Rose; Pnc Financial Services Group Has Trimmed Its Mercantile Bank (MBWM) Stake by $4.17 Million as Stock Declined

February 15, 2018 - By Moses P. Lee

Pnc Financial Services Group Inc decreased its stake in Mercantile Bank Corp (MBWM) by 98.5% based on its latest 2017Q3 regulatory filing with the SEC. Pnc Financial Services Group Inc sold 122,595 shares as the company’s stock declined 6.70% while stock markets rallied. The institutional investor held 1,861 shares of the major banks company at the end of 2017Q3, valued at $65,000, down from 124,456 at the end of the previous reported quarter. Pnc Financial Services Group Inc who had been investing in Mercantile Bank Corp for a number of months, seems to be less bullish one the $570.11M market cap company. The stock increased 1.72% or $0.58 during the last trading session, reaching $34.36. About 25,743 shares traded. Mercantile Bank Corporation (NASDAQ:MBWM) has risen 34.10% since February 15, 2017 and is uptrending. It has outperformed by 17.40% the S&P500.

Cubist Systematic Strategies Llc decreased its stake in Priceline Grp Inc (PCLN) by 79.6% based on its latest 2017Q3 regulatory filing with the SEC. Cubist Systematic Strategies Llc sold 1,756 shares as the company’s stock rose 10.44% with the market. The institutional investor held 450 shares of the business services company at the end of 2017Q3, valued at $824,000, down from 2,206 at the end of the previous reported quarter. Cubist Systematic Strategies Llc who had been investing in Priceline Grp Inc for a number of months, seems to be less bullish one the $88.68B market cap company. The stock increased 1.14% or $20.55 during the last trading session, reaching $1818.41. About 452,419 shares traded or 1.55% up from the average. The Priceline Group Inc. (NASDAQ:PCLN) has risen 44.63% since February 15, 2017 and is uptrending. It has outperformed by 27.93% the S&P500.

Pnc Financial Services Group Inc, which manages about $96.29 billion US Long portfolio, upped its stake in American Airls Group Inc (NASDAQ:AAL) by 45,708 shares to 89,211 shares, valued at $4.24 million in 2017Q3, according to the filing. It also increased its holding in Bayer Ag S (BAYRY) by 21,771 shares in the quarter, for a total of 29,490 shares, and has risen its stake in Vanguard Scottsdale Fds (VGSH).

Since October 20, 2017, it had 0 insider buys, and 2 insider sales for $614,071 activity.

Investors sentiment decreased to 1.06 in 2017 Q3. Its down 0.19, from 1.25 in 2017Q2. It worsened, as 4 investors sold MBWM shares while 30 reduced holdings. 10 funds opened positions while 26 raised stakes. 8.49 million shares or 1.21% less from 8.59 million shares in 2017Q2 were reported. Thomson Horstmann & Bryant Incorporated holds 86,915 shares or 0.42% of its portfolio. Plante Moran Limited Liability Corporation invested in 10,438 shares. Brandywine Investment Mgmt Ltd Company holds 5,621 shares or 0% of its portfolio. Jpmorgan Chase & Co reported 0% stake. Morgan Stanley has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 70,377 shares. Parametric Associates Ltd holds 15,562 shares. Tower Rech Capital Lc (Trc) stated it has 0% in Mercantile Bank Corporation (NASDAQ:MBWM). American International Gru invested 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM). Savings Bank Of America De holds 0% of its portfolio in Mercantile Bank Corporation (NASDAQ:MBWM) for 40,384 shares. 23,635 were accumulated by Deutsche Bankshares Ag. Barclays Public Ltd Co accumulated 390 shares or 0% of the stock. Legal And General Group Plc holds 0% or 4,333 shares in its portfolio. Moreover, Schwab Charles Invest Incorporated has 0% invested in Mercantile Bank Corporation (NASDAQ:MBWM) for 63,593 shares. Moreover, Emerald Mutual Fund Advisers Tru has 0.13% invested in Mercantile Bank Corporation (NASDAQ:MBWM). Goldman Sachs Group Incorporated stated it has 0% in Mercantile Bank Corporation (NASDAQ:MBWM).

Among 5 analysts covering Mercantile Bank (NASDAQ:MBWM), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Mercantile Bank has $39.0 highest and $25 lowest target. $37.88’s average target is 10.24% above currents $34.36 stock price. Mercantile Bank had 16 analyst reports since July 22, 2015 according to SRatingsIntel. Sandler O’Neill maintained Mercantile Bank Corporation (NASDAQ:MBWM) rating on Wednesday, January 3. Sandler O’Neill has “Hold” rating and $39.0 target. Raymond James upgraded the stock to “Mkt Perform” rating in Tuesday, August 25 report. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 3. The company was downgraded on Wednesday, January 18 by Raymond James. Hovde Group initiated Mercantile Bank Corporation (NASDAQ:MBWM) on Monday, November 21 with “Market Perform” rating. Sandler O’Neill downgraded the shares of MBWM in report on Wednesday, July 22 to “Hold” rating. The rating was maintained by Keefe Bruyette & Woods on Friday, May 26 with “Hold”. Keefe Bruyette & Woods maintained the shares of MBWM in report on Tuesday, October 17 with “Hold” rating. Keefe Bruyette & Woods maintained the shares of MBWM in report on Thursday, December 21 with “Hold” rating. On Thursday, September 28 the stock rating was downgraded by DA Davidson to “Neutral”.

Analysts await The Priceline Group Inc. (NASDAQ:PCLN) to report earnings on February, 26. They expect $14.10 EPS, down 0.77% or $0.11 from last year’s $14.21 per share. PCLN’s profit will be $687.65M for 32.24 P/E if the $14.10 EPS becomes a reality. After $35.22 actual EPS reported by The Priceline Group Inc. for the previous quarter, Wall Street now forecasts -59.97% negative EPS growth.

Among 34 analysts covering Priceline.com (NASDAQ:PCLN), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Priceline.com had 99 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was initiated by Susquehanna on Thursday, October 20 with “Positive”. CLSA initiated the stock with “Buy” rating in Thursday, December 8 report. The stock has “Buy” rating by Piper Jaffray on Thursday, September 28. Barclays Capital maintained The Priceline Group Inc. (NASDAQ:PCLN) rating on Wednesday, August 9. Barclays Capital has “Overweight” rating and $2100 target. Wells Fargo maintained the stock with “Market Perform” rating in Tuesday, January 30 report. Deutsche Bank maintained the shares of PCLN in report on Tuesday, October 24 with “Hold” rating. Barclays Capital maintained The Priceline Group Inc. (NASDAQ:PCLN) on Tuesday, November 10 with “Equal Weight” rating. Citigroup initiated the shares of PCLN in report on Tuesday, January 10 with “Buy” rating. The stock of The Priceline Group Inc. (NASDAQ:PCLN) earned “Buy” rating by SunTrust on Friday, January 12. The firm has “Hold” rating by Wells Fargo given on Tuesday, July 25.

Investors sentiment decreased to 1.03 in 2017 Q3. Its down 0.03, from 1.06 in 2017Q2. It dropped, as 66 investors sold PCLN shares while 320 reduced holdings. 93 funds opened positions while 306 raised stakes. 50.07 million shares or 10.39% more from 45.36 million shares in 2017Q2 were reported. Lpl Fincl Limited Liability Company holds 3,319 shares or 0.02% of its portfolio. Smith Salley And Associate reported 0.79% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN). Capital Intll Ca reported 2,772 shares. Trilogy Global Advisors LP holds 2.43% or 20,995 shares. Union Commercial Bank Corp stated it has 0.07% in The Priceline Group Inc. (NASDAQ:PCLN). Sentinel Asset Mngmt has invested 0.5% in The Priceline Group Inc. (NASDAQ:PCLN). Beacon Group Inc reported 447 shares or 0.15% of all its holdings. Tower Capital Ltd (Trc) holds 115 shares or 0.02% of its portfolio. Oak Ridge Invests Ltd Com reported 9,699 shares. Williams Jones & Assoc Ltd accumulated 13,104 shares or 0.59% of the stock. Cullen Frost Bankers reported 9,743 shares stake. Ubs Oconnor Ltd Liability accumulated 0.46% or 10,877 shares. Burt Wealth Advsr invested in 0.05% or 46 shares. Wendell David reported 0.04% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN). Jump Trading Ltd Liability Co reported 0.08% in The Priceline Group Inc. (NASDAQ:PCLN).

Cubist Systematic Strategies Llc, which manages about $1.79 billion US Long portfolio, upped its stake in Thomson Reuters Corp (NYSE:TRI) by 27,538 shares to 95,924 shares, valued at $4.40 million in 2017Q3, according to the filing. It also increased its holding in Viavi Solutions Inc by 49,158 shares in the quarter, for a total of 79,182 shares, and has risen its stake in Popular Inc (NASDAQ:BPOP).

Since August 15, 2017, it had 0 buys, and 4 sales for $913,734 activity.

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By1 Moses P. Lee

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