As American Intl Group (AIG) Shares Declined, Atria Investments Decreased by $328,363 Its Holding; As Kar Auction Svcs (KAR) Shares Declined, Shareholder Alkeon Capital Management Has Trimmed Holding by $11.50 Million

February 18, 2018 - By Kurt Siggers

Panayotis Takis Sparaggis decreased its stake in Kar Auction Svcs Inc (KAR) by 19.02% based on its latest 2017Q3 regulatory filing with the SEC. Alkeon Capital Management Llc sold 244,600 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund run by Panayotis Takis Sparaggis held 1.04 million shares of the consumer durables company at the end of 2017Q3, valued at $49.71M, down from 1.29M at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Kar Auction Svcs Inc for a number of months, seems to be less bullish one the $7.04 billion market cap company. The stock increased 1.01% or $0.52 during the last trading session, reaching $52.02. About 1.30M shares traded or 64.49% up from the average. KAR Auction Services, Inc. (NYSE:KAR) has risen 7.49% since February 18, 2017 and is uptrending. It has underperformed by 9.21% the S&P500.

Atria Investments Llc decreased its stake in American Intl Group Inc (AIG) by 19.23% based on its latest 2017Q3 regulatory filing with the SEC. Atria Investments Llc sold 5,383 shares as the company’s stock declined 2.08% while stock markets rallied. The institutional investor held 22,614 shares of the finance company at the end of 2017Q3, valued at $1.39M, down from 27,997 at the end of the previous reported quarter. Atria Investments Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $53.46B market cap company. The stock increased 0.41% or $0.24 during the last trading session, reaching $59.47. About 6.83 million shares traded or 19.64% up from the average. American International Group, Inc. (NYSE:AIG) has risen 8.59% since February 18, 2017 and is uptrending. It has underperformed by 8.11% the S&P500.

Among 21 analysts covering American International Group (NYSE:AIG), 13 have Buy rating, 2 Sell and 6 Hold. Therefore 62% are positive. American International Group had 72 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, May 30 by RBC Capital Markets. The rating was maintained by UBS with “Neutral” on Monday, October 2. As per Monday, October 16, the company rating was maintained by Barclays Capital. Deutsche Bank upgraded American International Group, Inc. (NYSE:AIG) on Wednesday, December 6 to “Hold” rating. The rating was downgraded by William Blair to “Market Perform” on Wednesday, February 3. On Tuesday, March 22 the stock rating was upgraded by Atlantic Securities to “Neutral”. The rating was maintained by RBC Capital Markets with “Outperform” on Tuesday, February 16. FBR Capital maintained American International Group, Inc. (NYSE:AIG) on Tuesday, May 10 with “Mkt Perform” rating. Standpoint Research upgraded American International Group, Inc. (NYSE:AIG) rating on Tuesday, January 19. Standpoint Research has “Buy” rating and $80.0 target. Deutsche Bank maintained the stock with “Sell” rating in Thursday, August 24 report.

Atria Investments Llc, which manages about $2.88B and $1.84B US Long portfolio, upped its stake in Ishares Tr (MBB) by 5,509 shares to 16,242 shares, valued at $1.74 million in 2017Q3, according to the filing. It also increased its holding in Align Technology Inc (NASDAQ:ALGN) by 4,474 shares in the quarter, for a total of 6,292 shares, and has risen its stake in Vanguard World Fds (VDC).

Investors sentiment increased to 0.79 in Q3 2017. Its up 0.15, from 0.64 in 2017Q2. It is positive, as 72 investors sold AIG shares while 293 reduced holdings. 78 funds opened positions while 211 raised stakes. 748.00 million shares or 0.80% more from 742.03 million shares in 2017Q2 were reported. Linscomb & Williams holds 0.02% in American International Group, Inc. (NYSE:AIG) or 3,382 shares. Macquarie Group Limited reported 43,500 shares or 0% of all its holdings. First Manhattan Communication reported 1.30M shares. Lsv Asset Mngmt owns 0.03% invested in American International Group, Inc. (NYSE:AIG) for 290,298 shares. Northpointe Cap Lc has invested 0.41% in American International Group, Inc. (NYSE:AIG). Sawgrass Asset Mgmt Ltd Liability has invested 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG). Jupiter Asset Mgmt Limited has invested 0.66% in American International Group, Inc. (NYSE:AIG). Jfs Wealth Advisors Limited Com invested in 0.01% or 570 shares. Cwh Cap has invested 2.92% in American International Group, Inc. (NYSE:AIG). Regent Inv Management Ltd invested 0.46% in American International Group, Inc. (NYSE:AIG). Clearbridge Invs Limited Liability Corp reported 250 shares. Weiss Multi accumulated 200,000 shares or 0.46% of the stock. Scotia invested in 0.3% or 344,469 shares. Steinberg Glob Asset Management has 0.07% invested in American International Group, Inc. (NYSE:AIG) for 7,840 shares. Suntrust Banks holds 54,376 shares or 0.02% of its portfolio.

Investors sentiment decreased to 1.33 in 2017 Q3. Its down 0.04, from 1.37 in 2017Q2. It worsened, as 25 investors sold KAR shares while 87 reduced holdings. 48 funds opened positions while 101 raised stakes. 129.67 million shares or 1.77% less from 132.02 million shares in 2017Q2 were reported. The Pennsylvania-based Hbk Sorce Advisory Limited Liability Corporation has invested 0.07% in KAR Auction Services, Inc. (NYSE:KAR). Coe Ltd Liability Com reported 16,415 shares. Highland Capital Mgmt holds 14,309 shares or 0.05% of its portfolio. Credit Suisse Ag holds 0.01% or 156,062 shares. Great Lakes Advisors Lc stated it has 10,895 shares. Fmr Ltd Liability has invested 0.06% of its portfolio in KAR Auction Services, Inc. (NYSE:KAR). Columbia Ptnrs L L C Investment stated it has 0.21% in KAR Auction Services, Inc. (NYSE:KAR). Scotia Cap holds 47,396 shares or 0.03% of its portfolio. Metropolitan Life Ins Commerce Ny holds 10,338 shares or 0% of its portfolio. 318,310 were accumulated by Morgan Stanley. Atria Invests Limited Liability holds 7,726 shares or 0.02% of its portfolio. Bancshares Of New York Mellon holds 1.56 million shares or 0.02% of its portfolio. Quantitative Systematic Strategies Ltd Liability Corporation stated it has 0.19% in KAR Auction Services, Inc. (NYSE:KAR). 111,741 were reported by Putnam Limited Liability Corporation. Cardinal Cap Mgmt Llc Ct reported 1.69 million shares or 3.34% of all its holdings.

Analysts await KAR Auction Services, Inc. (NYSE:KAR) to report earnings on February, 20. They expect $0.52 EPS, up 15.56% or $0.07 from last year’s $0.45 per share. KAR’s profit will be $70.33M for 25.01 P/E if the $0.52 EPS becomes a reality. After $0.57 actual EPS reported by KAR Auction Services, Inc. for the previous quarter, Wall Street now forecasts -8.77% negative EPS growth.

Alkeon Capital Management Llc, which manages about $5.66 billion and $13.53B US Long portfolio, upped its stake in Dollar Tree Inc (NASDAQ:DLTR) by 195,000 shares to 2.57M shares, valued at $223.21 million in 2017Q3, according to the filing. It also increased its holding in Analog Devices Inc (NASDAQ:ADI) by 507,000 shares in the quarter, for a total of 2.53M shares, and has risen its stake in Powershares Qqq Trust (Put) (QQQ).

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