Westover Capital Advisors Has Lowered Goldman Sachs Group (GS) Position; Straight Path Communications (STRP) Has 1.73 Sentiment

January 16, 2018 - By Vivian Park

Westover Capital Advisors Llc decreased Goldman Sachs Group Inc (GS) stake by 12.12% reported in 2017Q3 SEC filing. Westover Capital Advisors Llc sold 1,417 shares as Goldman Sachs Group Inc (GS)’s stock declined 13.97%. The Westover Capital Advisors Llc holds 10,277 shares with $2.44M value, down from 11,694 last quarter. Goldman Sachs Group Inc now has $97.49B valuation. The stock increased 0.56% or $1.43 during the last trading session, reaching $258.46. About 4.44M shares traded or 63.96% up from the average. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since January 16, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Straight Path Communications Inc., together with its subsidiaries, holds, leases, and markets commercial fixed and mobile wireless spectrum licenses in the United States. The company has market cap of $2.32 billion. The firm holds 735 licenses of 39 gigahertz band; and 133 licenses in the local multipoint distribution service band. It currently has negative earnings. It offers point-to-point and point-to-multipoint wireless broadband digital telecommunications services.

Since January 1, 0001, it had 0 insider buys, and 9 selling transactions for $12.57 million activity.

Havens Advisors Llc holds 7.8% of its portfolio in Straight Path Communications Inc. for 64,000 shares. Harvest Management Llc owns 42,635 shares or 4.84% of their US portfolio. Moreover, Tig Advisors Llc has 4.33% invested in the company for 426,982 shares. The New York-based Glazer Capital Llc has invested 3.81% in the stock. Kellner Capital Llc, a New York-based fund reported 26,900 shares.

The stock decreased 0.25% or $0.46 during the last trading session, reaching $181.44. About 90,699 shares traded or 18.40% up from the average. Straight Path Communications Inc. (STRP) has risen 435.39% since January 16, 2017 and is uptrending. It has outperformed by 418.69% the S&P500.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.33, from 1.08 in 2017Q2. It fall, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Hanson Mcclain reported 109 shares. Exchange Cap Management Inc has invested 0.96% in The Goldman Sachs Group, Inc. (NYSE:GS). Nelson Van Denburg & Campbell Wealth Mngmt Group Lc stated it has 8,028 shares or 0.61% of all its holdings. Cornerstone Advisors invested in 0.49% or 18,000 shares. Moreover, Ibm Retirement Fund has 0.44% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 9,137 shares. Rafferty Asset Management Ltd holds 61,423 shares or 0.33% of its portfolio. Baker Avenue Asset Mngmt Limited Partnership has invested 0.49% in The Goldman Sachs Group, Inc. (NYSE:GS). Davis stated it has 1.99% in The Goldman Sachs Group, Inc. (NYSE:GS). Tradewinds Mgmt Lc invested 0.01% in The Goldman Sachs Group, Inc. (NYSE:GS). Mitsubishi Ufj Tru Banking Corp invested in 0.39% or 895,111 shares. Norinchukin Financial Bank The stated it has 53,862 shares or 0.25% of all its holdings. California Employees Retirement Sys has invested 0.32% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Manchester Limited Co holds 0.04% or 968 shares in its portfolio. Tocqueville Asset Management LP holds 0.13% or 47,553 shares. Maverick Cap Limited has invested 0.06% in The Goldman Sachs Group, Inc. (NYSE:GS).

Westover Capital Advisors Llc increased Pultegroup Inc (NYSE:PHM) stake by 23,234 shares to 34,485 valued at $942,000 in 2017Q3. It also upped Jpmorgan Chase & Co (NYSE:JPM) stake by 5,261 shares and now owns 24,495 shares. Ishares Floating Rate Bond E (FLOT) was raised too.

Analysts await The Goldman Sachs Group, Inc. (NYSE:GS) to report earnings on January, 17 before the open. They expect $5.10 earnings per share, up 0.39% or $0.02 from last year’s $5.08 per share. GS’s profit will be $1.92B for 12.67 P/E if the $5.10 EPS becomes a reality. After $5.02 actual earnings per share reported by The Goldman Sachs Group, Inc. for the previous quarter, Wall Street now forecasts 1.59% EPS growth.

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup to “Neutral” on Tuesday, November 8. Oppenheimer maintained the shares of GS in report on Tuesday, July 18 with “Buy” rating. On Tuesday, December 12 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating by Keefe Bruyette & Woods given on Wednesday, July 19. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Outperform” rating given on Tuesday, October 6 by Oppenheimer. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 13 report. The company was upgraded on Friday, February 5 by UBS. maintained The Goldman Sachs Group, Inc. (NYSE:GS) rating on Monday, October 10. has “Buy” rating and $195 target. The firm has “Overweight” rating by Morgan Stanley given on Monday, October 26. UBS downgraded the stock to “Neutral” rating in Monday, July 24 report.

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