Thomas J Herzfeld Advisors Lifted Its Stake in Central Securities (CET) by $1.11 Million; As Compania De Minas Buenaventu (BVN) Stock Price Declined, Swiss National Bank Has Trimmed Stake

February 15, 2018 - By Henry Gaston

Swiss National Bank decreased its stake in Compania De Minas Buenaventu (BVN) by 12.77% based on its latest 2017Q3 regulatory filing with the SEC. Swiss National Bank sold 70,494 shares as the company’s stock declined 5.94% while stock markets rallied. The institutional investor held 481,699 shares of the precious metals company at the end of 2017Q3, valued at $6.16M, down from 552,193 at the end of the previous reported quarter. Swiss National Bank who had been investing in Compania De Minas Buenaventu for a number of months, seems to be less bullish one the $4.09 billion market cap company. The stock increased 6.77% or $1.02 during the last trading session, reaching $16.09. About 1.75 million shares traded or 26.60% up from the average. Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) has risen 23.87% since February 15, 2017 and is uptrending. It has outperformed by 7.17% the S&P500.

Thomas J Herzfeld Advisors Inc increased its stake in Central Securities Corp (CET) by 12.28% based on its latest 2017Q3 regulatory filing with the SEC. Thomas J Herzfeld Advisors Inc bought 44,354 shares as the company’s stock rose 6.56% with the market. The institutional investor held 405,624 shares of the company at the end of 2017Q3, valued at $10.49M, up from 361,270 at the end of the previous reported quarter. Thomas J Herzfeld Advisors Inc who had been investing in Central Securities Corp for a number of months, seems to be bullish on the $662.46 million market cap company. The stock increased 0.83% or $0.22 during the last trading session, reaching $26.7. About 40,765 shares traded or 61.90% up from the average. Central Securities Corp. (NYSEMKT:CET) has risen 32.01% since February 15, 2017 and is uptrending. It has outperformed by 15.31% the S&P500.

Investors sentiment increased to 0.67 in 2017 Q3. Its up 0.04, from 0.63 in 2017Q2. It improved, as 3 investors sold CET shares while 12 reduced holdings. 4 funds opened positions while 6 raised stakes. 2.44 million shares or 5.89% more from 2.30 million shares in 2017Q2 were reported. Jbf Cap holds 25,000 shares. Stratos Wealth Prns has 9,206 shares for 0.01% of their portfolio. 47,293 were reported by Citigroup Inc. Of Vermont invested in 2,650 shares. Geode Mngmt Ltd Liability Corp owns 160,800 shares or 0% of their US portfolio. National Bank Of Montreal Can reported 13,684 shares or 0% of all its holdings. Institute For Wealth Mngmt Limited Company invested in 34,197 shares. Css Limited Liability Company Il, a Illinois-based fund reported 34,136 shares. Meridian Inv Counsel accumulated 0.2% or 13,650 shares. Thomas J Herzfeld Advisors owns 405,624 shares for 4.62% of their portfolio. Guggenheim Limited Co holds 0% in Central Securities Corp. (NYSEAMERICAN:CET) or 26,878 shares. Diversified owns 12,373 shares. Northwestern Mutual Wealth Mngmt holds 0% or 118 shares. Raymond James Assocs invested in 232,398 shares or 0.01% of the stock. Sei Invests has invested 0% of its portfolio in Central Securities Corp. (NYSEAMERICAN:CET).

Thomas J Herzfeld Advisors Inc, which manages about $185.74 million and $226.85M US Long portfolio, decreased its stake in Nexpoint Credit Strategies Fund by 390,594 shares to 879,410 shares, valued at $20.27M in 2017Q3, according to the filing. It also reduced its holding in Pioneer Municipal High Income Trust (NYSE:MHI) by 32,417 shares in the quarter, leaving it with 15,073 shares, and cut its stake in Rmr Real Estate Income Fund.

Among 4 analysts covering Compania de Minas Buenaventura SA (NYSE:BVN), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Compania de Minas Buenaventura SA had 12 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) earned “Hold” rating by Zacks on Friday, August 7. The rating was maintained by Credit Suisse with “Hold” on Friday, July 28. The firm has “Buy” rating given on Friday, May 6 by HSBC. Morgan Stanley downgraded Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) rating on Friday, April 15. Morgan Stanley has “Equal-Weight” rating and $7.90 target. The rating was upgraded by Bank of America on Tuesday, June 28 to “Buy”. The firm earned “Hold” rating on Wednesday, April 13 by HSBC. As per Tuesday, December 13, the company rating was upgraded by HSBC. Credit Suisse downgraded the stock to “Neutral” rating in Monday, September 21 report.

Analysts await Compañía de Minas Buenaventura S.A.A. (NYSE:BVN) to report earnings on February, 27. They expect $0.28 earnings per share, up 118.06% or $1.83 from last year’s $-1.55 per share. BVN’s profit will be $71.12M for 14.37 P/E if the $0.28 EPS becomes a reality. After $-0.04 actual earnings per share reported by Compañía de Minas Buenaventura S.A.A. for the previous quarter, Wall Street now forecasts -800.00% EPS growth.

Swiss National Bank, which manages about $87.81B US Long portfolio, upped its stake in Yy Inc (NASDAQ:YY) by 33,382 shares to 91,449 shares, valued at $7.94 million in 2017Q3, according to the filing. It also increased its holding in Williams Cos Inc Del (NYSE:WMB) by 25,800 shares in the quarter, for a total of 3.04M shares, and has risen its stake in Raytheon Co (NYSE:RTN).

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By1 Henry Gaston

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