Wilbanks Smith & Thomas Asset Management Upped Holding in Verizon Communications (VZ) by $494,851; Icon Advisers Has Lowered Position in Pgt Innovations (PGTI) as Stock Rose

January 20, 2018 - By Marie Mckinney

Wilbanks Smith & Thomas Asset Management Llc increased its stake in Verizon Communications Inc (VZ) by 10.44% based on its latest 2017Q3 regulatory filing with the SEC. Wilbanks Smith & Thomas Asset Management Llc bought 10,099 shares as the company’s stock declined 7.66% while stock markets rallied. The institutional investor held 106,851 shares of the telecommunications equipment company at the end of 2017Q3, valued at $5.29M, up from 96,752 at the end of the previous reported quarter. Wilbanks Smith & Thomas Asset Management Llc who had been investing in Verizon Communications Inc for a number of months, seems to be bullish on the $211.76B market cap company. The stock increased 0.70% or $0.36 during the last trading session, reaching $51.91. About 23.76 million shares traded or 41.49% up from the average. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since January 20, 2017 and is downtrending. It has underperformed by 25.18% the S&P500.

Icon Advisers Inc decreased its stake in Pgt Innovations Inc. (PGTI) by 30.89% based on its latest 2017Q3 regulatory filing with the SEC. Icon Advisers Inc sold 22,300 shares as the company’s stock rose 2.63% with the market. The institutional investor held 49,900 shares of the capital goods company at the end of 2017Q3, valued at $746,000, down from 72,200 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Pgt Innovations Inc. for a number of months, seems to be less bullish one the $851.68 million market cap company. The stock increased 1.78% or $0.3 during the last trading session, reaching $17.15. About 280,315 shares traded. PGT Innovations, Inc. (NASDAQ:PGTI) has risen 15.38% since January 20, 2017 and is uptrending. It has underperformed by 1.32% the S&P500.

Analysts await PGT Innovations, Inc. (NYSE:PGTI) to report earnings on February, 20. They expect $0.14 EPS, up 40.00% or $0.04 from last year’s $0.1 per share. PGTI’s profit will be $6.95 million for 30.63 P/E if the $0.14 EPS becomes a reality. After $0.16 actual EPS reported by PGT Innovations, Inc. for the previous quarter, Wall Street now forecasts -12.50% negative EPS growth.

Icon Advisers Inc, which manages about $2.21B and $1.42B US Long portfolio, upped its stake in U.S. Silica Holdings Inc. (NYSE:SLCA) by 190,900 shares to 663,300 shares, valued at $20.61 million in 2017Q3, according to the filing. It also increased its holding in Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 166,200 shares in the quarter, for a total of 499,100 shares, and has risen its stake in Voya Financial Inc. (NYSE:VOYA).

Investors sentiment increased to 1.72 in Q3 2017. Its up 0.17, from 1.55 in 2017Q2. It is positive, as 8 investors sold PGTI shares while 35 reduced holdings. 23 funds opened positions while 51 raised stakes. 44.04 million shares or 1.25% less from 44.60 million shares in 2017Q2 were reported. Tiaa Cref Mngmt Ltd Company, New York-based fund reported 131,367 shares. Piedmont Investment Advsr Lc reported 10,806 shares. Comerica National Bank invested in 52,253 shares. Timpani Capital Limited Liability Com has invested 0.37% in PGT Innovations, Inc. (NYSE:PGTI). 9,231 were accumulated by First Mercantile. Nationwide Fund holds 26,204 shares. 38,471 are owned by American Intll Group. 948,503 were reported by Wellington Mngmt Gp Limited Liability Partnership. Cadence Capital Lc reported 0.1% in PGT Innovations, Inc. (NYSE:PGTI). Acadian Asset Management owns 16 shares or 0% of their US portfolio. California State Teachers Retirement Sys invested 0% of its portfolio in PGT Innovations, Inc. (NYSE:PGTI). Pinebridge Invs Limited Partnership owns 6,156 shares or 0% of their US portfolio. Sector Pension Investment Board invested in 31,105 shares. Blackrock holds 0.01% or 6.93 million shares. Great West Life Assurance Com Can accumulated 67,843 shares or 0% of the stock.

Among 11 analysts covering PGT Inc. (NASDAQ:PGTI), 7 have Buy rating, 0 Sell and 4 Hold. Therefore 64% are positive. PGT Inc. had 30 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was downgraded by Dougherty & Company to “Neutral” on Monday, October 26. The rating was maintained by RBC Capital Markets on Monday, September 11 with “Buy”. Craig Hallum downgraded the stock to “Buy” rating in Friday, August 7 report. The company was maintained on Friday, August 18 by FBR Capital. KeyBanc Capital Markets maintained the shares of PGTI in report on Tuesday, September 26 with “Hold” rating. The stock has “Buy” rating by SunTrust on Wednesday, November 1. The stock of PGT Innovations, Inc. (NYSE:PGTI) earned “Outperform” rating by RBC Capital Markets on Friday, November 6. The firm has “Hold” rating by KeyBanc Capital Markets given on Tuesday, August 22. RBC Capital Markets maintained PGT Innovations, Inc. (NYSE:PGTI) on Monday, June 19 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, November 14.

Since August 8, 2017, it had 0 insider buys, and 3 insider sales for $879,897 activity. $652,454 worth of PGT Innovations, Inc. (NYSE:PGTI) was sold by Feintuch Richard D on Tuesday, August 8.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 81 investors sold VZ shares while 696 reduced holdings. only 114 funds opened positions while 570 raised stakes. 2.53 billion shares or 1.44% more from 2.49 billion shares in 2017Q2 were reported. Campbell Newman Asset Mngmt has 22,582 shares. 1832 Asset Limited Partnership stated it has 6.39 million shares. Moody Savings Bank Division has 0.1% invested in Verizon Communications Inc. (NYSE:VZ) for 41,685 shares. First Financial Corp In stated it has 0.88% in Verizon Communications Inc. (NYSE:VZ). 15,805 are held by Hills Savings Bank And Tru Co. State Of Wisconsin Invest Board reported 0.75% in Verizon Communications Inc. (NYSE:VZ). Invsts Asset Of Georgia Ga Adv holds 0.75% or 20,472 shares. The Georgia-based Suntrust Banks has invested 0.65% in Verizon Communications Inc. (NYSE:VZ). Ferguson Wellman Mngmt invested in 114,056 shares or 0.2% of the stock. Mason Street Advsr Limited Liability Corporation invested 0.69% in Verizon Communications Inc. (NYSE:VZ). Burney stated it has 1.48% in Verizon Communications Inc. (NYSE:VZ). Charter Trust reported 116,910 shares or 0.7% of all its holdings. Public Employees Retirement Association Of Colorado accumulated 0.26% or 728,333 shares. Credit Suisse Ag reported 0.37% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Westfield Mngmt Limited Partnership holds 1.38 million shares or 0.52% of its portfolio.

Among 26 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 20 Hold. Therefore 23% are positive. Verizon Communications Inc. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup upgraded Verizon Communications Inc. (NYSE:VZ) on Tuesday, January 3 to “Buy” rating. KeyBanc Capital Markets maintained the stock with “Hold” rating in Wednesday, October 11 report. The rating was downgraded by Oppenheimer to “Perform” on Wednesday, July 20. The firm has “Hold” rating by Jefferies given on Thursday, April 7. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Hold” rating by Cowen & Co on Thursday, October 19. Bank of America maintained Verizon Communications Inc. (NYSE:VZ) rating on Friday, October 20. Bank of America has “Buy” rating and $52 target. The company was downgraded on Wednesday, July 27 by Hilliard Lyons. The company was upgraded on Friday, August 14 by Zacks. The stock of Verizon Communications Inc. (NYSE:VZ) has “Buy” rating given on Tuesday, August 11 by Vetr. Robert W. Baird maintained the shares of VZ in report on Wednesday, October 4 with “Hold” rating.

Since August 28, 2017, it had 0 buys, and 3 selling transactions for $89,365 activity.

Wilbanks Smith & Thomas Asset Management Llc, which manages about $2.31 billion and $1.19 billion US Long portfolio, decreased its stake in Guggenheim S&P Ew Fin (RYF) by 15,906 shares to 259,844 shares, valued at $10.73M in 2017Q3, according to the filing. It also reduced its holding in Ishares S&P 500 Index (IVV) by 29,156 shares in the quarter, leaving it with 488,480 shares, and cut its stake in Guggenheim S&P Ew Ind (RGI).

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