As Gap Del (GPS) Stock Value Declined, Evercore Trust Company Has Lowered Position by $1.37 Million; Highvista Strategies Increases Stake in Truecar (TRUE)

January 14, 2018 - By Darrin Black

Highvista Strategies Llc increased its stake in Truecar Inc (TRUE) by 30.06% based on its latest 2017Q3 regulatory filing with the SEC. Highvista Strategies Llc bought 49,300 shares as the company’s stock rose 21.77% with the market. The hedge fund held 213,300 shares of the technology company at the end of 2017Q3, valued at $3.37 million, up from 164,000 at the end of the previous reported quarter. Highvista Strategies Llc who had been investing in Truecar Inc for a number of months, seems to be bullish on the $1.17 billion market cap company. The stock decreased 3.61% or $0.44 during the last trading session, reaching $11.74. About 1.68M shares traded. TrueCar, Inc. (NASDAQ:TRUE) has risen 161.73% since January 14, 2017 and is uptrending. It has outperformed by 145.03% the S&P500.

Evercore Trust Company decreased its stake in Gap Inc Del (GPS) by 2.9% based on its latest 2017Q3 regulatory filing with the SEC. Evercore Trust Company sold 47,175 shares as the company’s stock declined 8.95% while stock markets rallied. The institutional investor held 1.58 million shares of the consumer services company at the end of 2017Q3, valued at $46.63 million, down from 1.63 million at the end of the previous reported quarter. Evercore Trust Company who had been investing in Gap Inc Del for a number of months, seems to be less bullish one the $13.17B market cap company. The stock increased 2.05% or $0.68 during the last trading session, reaching $33.87. About 4.80M shares traded. The Gap, Inc. (NYSE:GPS) has risen 28.94% since January 14, 2017 and is uptrending. It has outperformed by 12.24% the S&P500.

Analysts await The Gap, Inc. (NYSE:GPS) to report earnings on February, 22. They expect $0.58 earnings per share, up 13.73% or $0.07 from last year’s $0.51 per share. GPS’s profit will be $225.54 million for 14.60 P/E if the $0.58 EPS becomes a reality. After $0.58 actual earnings per share reported by The Gap, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since August 1, 2017, it had 0 insider buys, and 6 selling transactions for $18.90 million activity. 666,849 shares were sold by FISHER WILLIAM SYDNEY, worth $18.67 million on Tuesday, September 19. Chapman Paul Joseph sold 4,898 shares worth $111,769. Syngal Sonia had sold 1,935 shares worth $49,906 on Thursday, September 7.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.21, from 1.17 in 2017Q2. It dived, as 44 investors sold GPS shares while 144 reduced holdings. 60 funds opened positions while 120 raised stakes. 204.26 million shares or 4.13% less from 213.05 million shares in 2017Q2 were reported. Virtus Inv Advisers Inc owns 4,724 shares for 0.01% of their portfolio. Janney Montgomery Scott Ltd reported 25,706 shares stake. Commonwealth Of Pennsylvania Public School Empls Retrmt Sys owns 0.01% invested in The Gap, Inc. (NYSE:GPS) for 17,860 shares. Hennessy Advsr Inc has 86,700 shares for 0.08% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0.1% in The Gap, Inc. (NYSE:GPS). Hanson Mcclain stated it has 208 shares. Vident Inv Advisory Limited Liability Co holds 0.05% of its portfolio in The Gap, Inc. (NYSE:GPS) for 29,049 shares. The New York-based Horizon Kinetics Lc has invested 0.01% in The Gap, Inc. (NYSE:GPS). 27,928 were reported by Mutual Of America Cap Mgmt Lc. Wealthtrust reported 339 shares. Harvest Capital Strategies Limited Liability invested 4.79% of its portfolio in The Gap, Inc. (NYSE:GPS). 7,496 are owned by Baldwin Brothers Inc Ma. Dalton Greiner Hartman Maher And Company holds 0.77% or 468,126 shares in its portfolio. 1,242 were accumulated by Manchester Capital Limited Liability. 19,493 are owned by Alps Advsrs Inc.

Among 33 analysts covering The Gap Inc. (NYSE:GPS), 5 have Buy rating, 4 Sell and 24 Hold. Therefore 15% are positive. The Gap Inc. had 158 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Friday, November 20. Nomura maintained it with “Neutral” rating and $24 target in Friday, August 19 report. Telsey Advisory Group maintained The Gap, Inc. (NYSE:GPS) rating on Friday, November 20. Telsey Advisory Group has “Market Perform” rating and $28 target. On Tuesday, August 9 the stock rating was upgraded by Mizuho to “Neutral”. Deutsche Bank maintained it with “Sell” rating and $17 target in Friday, June 3 report. The firm has “Sector Perform” rating by RBC Capital Markets given on Friday, October 9. The firm has “Neutral” rating by Citigroup given on Friday, August 19. As per Thursday, November 30, the company rating was downgraded by Citigroup. The stock of The Gap, Inc. (NYSE:GPS) earned “Buy” rating by Jefferies on Tuesday, September 12. As per Thursday, April 20, the company rating was upgraded by JP Morgan.

Among 14 analysts covering TrueCar (NASDAQ:TRUE), 7 have Buy rating, 1 Sell and 6 Hold. Therefore 50% are positive. TrueCar had 36 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of TrueCar, Inc. (NASDAQ:TRUE) earned “Mkt Outperform” rating by JMP Securities on Monday, January 9. The rating was upgraded by Loop Capital on Friday, November 4 to “Buy”. The firm has “Buy” rating given on Friday, July 24 by Craig Hallum. Craig Hallum maintained the shares of TRUE in report on Wednesday, August 9 with “Buy” rating. The company was maintained on Friday, December 15 by FBR Capital. On Wednesday, August 16 the stock rating was maintained by Cowen & Co with “Hold”. The company was maintained on Friday, February 19 by RBC Capital Markets. The stock of TrueCar, Inc. (NASDAQ:TRUE) has “Underweight” rating given on Thursday, July 20 by Morgan Stanley. Craig Hallum upgraded the shares of TRUE in report on Friday, November 4 to “Buy” rating. The company was upgraded on Monday, October 2 by Morgan Stanley.

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