Alliancebernstein LP Upped Holding in Bio Rad Labs (BIO) by $334,110; Bradley Foster & Sargent Upped Its Stake in Bank Of America (BAC) by $399,575 as Share Price Declined

February 22, 2018 - By Nellie Frank

Alliancebernstein Lp increased its stake in Bio Rad Labs Inc (BIO) by 0.46% based on its latest 2017Q3 regulatory filing with the SEC. Alliancebernstein Lp bought 1,505 shares as the company’s stock rose 13.43% with the market. The hedge fund held 329,893 shares of the capital goods company at the end of 2017Q3, valued at $73.31 million, up from 328,388 at the end of the previous reported quarter. Alliancebernstein Lp who had been investing in Bio Rad Labs Inc for a number of months, seems to be bullish on the $7.30 billion market cap company. The stock decreased 2.19% or $5.5 during the last trading session, reaching $245.62. About 178,608 shares traded or 3.35% up from the average. Bio-Rad Laboratories, Inc. (NYSE:BIO) has risen 53.78% since February 22, 2017 and is uptrending. It has outperformed by 37.08% the S&P500.

Bradley Foster & Sargent Inc increased its stake in Bank Of America (BAC) by 9.34% based on its latest 2017Q3 regulatory filing with the SEC. Bradley Foster & Sargent Inc bought 15,983 shares as the company’s stock declined 6.00% while stock markets rallied. The institutional investor held 187,082 shares of the major banks company at the end of 2017Q3, valued at $4.74 million, up from 171,099 at the end of the previous reported quarter. Bradley Foster & Sargent Inc who had been investing in Bank Of America for a number of months, seems to be bullish on the $327.86B market cap company. The stock decreased 0.19% or $0.06 during the last trading session, reaching $31.87. About 72.21M shares traded. Bank of America Corporation (NYSE:BAC) has risen 58.64% since February 22, 2017 and is uptrending. It has outperformed by 41.94% the S&P500.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 106 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, April 5 by RBC Capital Markets. The firm earned “Outperform” rating on Tuesday, October 6 by Oppenheimer. The company was downgraded on Wednesday, November 16 by Robert W. Baird. The firm has “Outperform” rating by KBW given on Monday, August 24. The stock has “Hold” rating by BMO Capital Markets on Wednesday, April 12. The stock has “Overweight” rating by JP Morgan on Wednesday, November 1. The firm has “Outperform” rating by Macquarie Research given on Thursday, February 16. The rating was maintained by RBC Capital Markets with “Buy” on Friday, October 6. The firm earned “Buy” rating on Thursday, June 1 by Credit Suisse. Robert W. Baird upgraded the stock to “Neutral” rating in Tuesday, August 25 report.

Bradley Foster & Sargent Inc, which manages about $2.48 billion and $2.62B US Long portfolio, decreased its stake in American International Group (NYSE:AIG) by 5,775 shares to 6,400 shares, valued at $393,000 in 2017Q3, according to the filing. It also reduced its holding in Walt Disney (NYSE:DIS) by 11,676 shares in the quarter, leaving it with 332,979 shares, and cut its stake in Exxon Mobil (NYSE:XOM).

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.08, from 1.12 in 2017Q2. It is negative, as 68 investors sold BAC shares while 569 reduced holdings. 117 funds opened positions while 547 raised stakes. 6.91 billion shares or 9.01% more from 6.34 billion shares in 2017Q2 were reported. Kornitzer Capital Mgmt Inc Ks owns 0.1% invested in Bank of America Corporation (NYSE:BAC) for 221,680 shares. Advsr Capital Mngmt Limited reported 1.07% in Bank of America Corporation (NYSE:BAC). Conning has invested 0.26% in Bank of America Corporation (NYSE:BAC). Ameritas Partners invested in 387,851 shares or 0.45% of the stock. Ig Invest Mgmt Ltd holds 6.56M shares or 0.85% of its portfolio. Chevy Chase Hldg owns 1.05% invested in Bank of America Corporation (NYSE:BAC) for 9.13 million shares. Clearbridge Investments Ltd Liability Corp has 19.54 million shares for 0.48% of their portfolio. 209,582 were accumulated by Oakworth Capital. Rampart Inv Mgmt reported 122,393 shares. Washington Trust Company, a Rhode Island-based fund reported 1.22M shares. California State Teachers Retirement System invested 0.97% in Bank of America Corporation (NYSE:BAC). Fred Alger Mgmt invested in 1.12% or 9.48M shares. Pekin Singer Strauss Asset Mngmt Il has 29,140 shares for 0.14% of their portfolio. Menora Mivtachim Holdg stated it has 2.68% in Bank of America Corporation (NYSE:BAC). Pure Financial Inc has invested 0.08% in Bank of America Corporation (NYSE:BAC).

Since September 13, 2017, it had 0 buys, and 2 sales for $1.52 million activity. $1.24 million worth of stock was sold by TSINGOS CHRISTINE A on Thursday, December 14.

Among 5 analysts covering Bio-Rad Laboratories (NYSE:BIO), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Bio-Rad Laboratories had 18 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Deutsche Bank on Wednesday, June 28. The rating was maintained by Jefferies on Friday, October 20 with “Buy”. The firm earned “Buy” rating on Thursday, October 13 by CL King. On Friday, February 16 the stock rating was downgraded by C.L. King to “Hold”. On Friday, February 16 the stock rating was downgraded by CL King to “Neutral”. The rating was maintained by Jefferies on Friday, April 28 with “Buy”. The rating was maintained by Wells Fargo with “Buy” on Wednesday, November 29. Jefferies maintained the shares of BIO in report on Wednesday, April 12 with “Buy” rating. Jefferies maintained the stock with “Buy” rating in Thursday, July 13 report. The rating was maintained by Jefferies with “Buy” on Wednesday, September 7.

Alliancebernstein Lp, which manages about $133.51B US Long portfolio, decreased its stake in Tribune Media Co by 35,350 shares to 44,140 shares, valued at $1.80 million in 2017Q3, according to the filing. It also reduced its holding in Invitation Homes Inc by 59,467 shares in the quarter, leaving it with 174,583 shares, and cut its stake in Criteo S A (NASDAQ:CRTO).

Investors sentiment decreased to 0.78 in 2017 Q3. Its down 0.46, from 1.24 in 2017Q2. It worsened, as 28 investors sold BIO shares while 102 reduced holdings. 37 funds opened positions while 64 raised stakes. 18.51 million shares or 2.53% more from 18.06 million shares in 2017Q2 were reported. Texas Permanent School Fund accumulated 14,683 shares. Citadel Advisors Ltd Liability Corp owns 214,494 shares. Granahan Inv Management Ma owns 32,350 shares. The Washington-based Parametric Portfolio Limited has invested 0.02% in Bio-Rad Laboratories, Inc. (NYSE:BIO). Parkside Financial Bank Trust holds 0% or 35 shares. Gabelli Funds Llc holds 39,000 shares or 0.05% of its portfolio. Art Advsr Limited Liability holds 2,200 shares or 0.02% of its portfolio. Fmr Limited Com owns 158,353 shares. Manufacturers Life The holds 245,948 shares or 0.07% of its portfolio. Plante Moran Advsrs Ltd Company holds 0% or 11 shares in its portfolio. Martin And Com Tn holds 0.43% of its portfolio in Bio-Rad Laboratories, Inc. (NYSE:BIO) for 5,885 shares. 206,964 are owned by Dimensional Fund Advsr L P. Sg Americas Secs Limited owns 745 shares or 0% of their US portfolio. Jefferies Group Limited Liability Company reported 2,911 shares stake. Ls Invest Ltd stated it has 0.02% of its portfolio in Bio-Rad Laboratories, Inc. (NYSE:BIO).

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