Platinum Investment Management LTD Has Cut Hanesbrands (HBI) Position; Bce (BCE) Shorts Lowered By 1.95%

December 12, 2017 - By Dolores Ford

Platinum Investment Management Ltd decreased Hanesbrands Inc (HBI) stake by 6.01% reported in 2017Q2 SEC filing. Platinum Investment Management Ltd sold 119,200 shares as Hanesbrands Inc (HBI)’s stock declined 1.43%. The Platinum Investment Management Ltd holds 1.86M shares with $43.18 million value, down from 1.98M last quarter. Hanesbrands Inc now has $7.53 billion valuation. The stock decreased 0.48% or $0.1 during the last trading session, reaching $20.65. About 6.36 million shares traded or 6.00% up from the average. Hanesbrands Inc. (NYSE:HBI) has declined 23.23% since December 12, 2016 and is downtrending. It has underperformed by 39.93% the S&P500.

Bce Incorporated (NYSE:BCE) had a decrease of 1.95% in short interest. BCE’s SI was 6.14M shares in December as released by FINRA. Its down 1.95% from 6.26 million shares previously. With 631,500 avg volume, 10 days are for Bce Incorporated (NYSE:BCE)’s short sellers to cover BCE’s short positions. The stock increased 0.56% or $0.27 during the last trading session, reaching $48.65. About 686,742 shares traded or 2.26% up from the average. BCE Inc. (NYSE:BCE) has declined 2.36% since December 12, 2016 and is downtrending. It has underperformed by 19.06% the S&P500.

Platinum Investment Management Ltd increased Hollyfrontier Corp (NYSE:HFC) stake by 269,874 shares to 993,600 valued at $27.29 million in 2017Q2. It also upped Technipfmc Plc stake by 1.60M shares and now owns 7.02M shares. Sina Corp (NASDAQ:SINA) was raised too.

Investors sentiment decreased to 1.15 in 2017 Q2. Its down 0.18, from 1.33 in 2017Q1. It turned negative, as 33 investors sold HBI shares while 178 reduced holdings. 95 funds opened positions while 186 raised stakes. 330.33 million shares or 2.78% more from 321.38 million shares in 2017Q1 were reported. 243,800 are owned by Princeton Strategies Group Limited Liability. Glenmede Tru Co Na holds 489,673 shares. Mu Invests has 1,500 shares for 0.02% of their portfolio. New York-based Alliancebernstein LP has invested 0.01% in Hanesbrands Inc. (NYSE:HBI). Moreover, Stoneridge Inv Prns Ltd has 0.75% invested in Hanesbrands Inc. (NYSE:HBI). Cibc World Mkts accumulated 0.01% or 51,460 shares. 495,876 were reported by Hightower Advsrs Lc. Regions Fin has 0% invested in Hanesbrands Inc. (NYSE:HBI) for 14,298 shares. Benjamin F Edwards & accumulated 2,136 shares. Tradewinds Cap Ltd Com holds 0.01% or 832 shares in its portfolio. Schwab Charles Invest Management has 1.24M shares. Pennsylvania Communications has invested 0.1% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Comerica Bancshares holds 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 113,389 shares. Tiaa Cref Ltd Liability invested in 0.02% or 1.45 million shares. Shufro Rose Ltd Liability Co accumulated 386,930 shares or 0.96% of the stock.

Among 18 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Hanesbrands had 48 analyst reports since September 17, 2015 according to SRatingsIntel. On Thursday, September 17 the stock rating was upgraded by Goldman Sachs to “Buy”. The firm has “Buy” rating given on Thursday, November 2 by Buckingham Research. DA Davidson downgraded the stock to “Neutral” rating in Monday, October 26 report. Buckingham Research reinitiated Hanesbrands Inc. (NYSE:HBI) on Monday, July 17 with “Buy” rating. Oppenheimer downgraded Hanesbrands Inc. (NYSE:HBI) on Tuesday, October 24 to “Perform” rating. On Thursday, November 2 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Conviction Buy” rating by Goldman Sachs on Friday, December 4. The rating was downgraded by Cowen & Co to “Market Perform” on Wednesday, October 12. The firm earned “Neutral” rating on Thursday, September 21 by Nomura. The firm has “Hold” rating by Stifel Nicolaus given on Monday, September 25.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on February, 1. They expect $0.52 earnings per share, down 1.89% or $0.01 from last year’s $0.53 per share. HBI’s profit will be $189.59M for 9.93 P/E if the $0.52 EPS becomes a reality. After $0.60 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts -13.33% negative EPS growth.

BCE Inc., a telecommunications and media company, provides wireless, wireline, Internet, and television services to residential, business, and wholesale clients in Canada. The company has market cap of $44.36 billion. The firm operates through three divisions: Bell Wireless, Bell Wireline, and Bell Media. It has a 19.36 P/E ratio. The Bell Wireless segment offers integrated digital wireless voice and data communications services and products.

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