Smith Salley & Associates Has Decreased Its Southern Co (SO) Position; Permit Capital Has Increased Iconix Brand Group (ICON) Position By $1.68 Million

February 17, 2018 - By Ellis Scott

Smith Salley & Associates decreased Southern Co (SO) stake by 89.45% reported in 2017Q3 SEC filing. Smith Salley & Associates sold 41,399 shares as Southern Co (SO)’s stock rose 4.35%. The Smith Salley & Associates holds 4,884 shares with $240,000 value, down from 46,283 last quarter. Southern Co now has $44.09 billion valuation. The stock decreased 0.11% or $0.05 during the last trading session, reaching $43.93. About 7.86M shares traded or 15.18% up from the average. The Southern Company (NYSE:SO) has risen 2.49% since February 17, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Permit Capital Llc increased Iconix Brand Group Inc (ICON) stake by 43.24% reported in 2017Q3 SEC filing. Permit Capital Llc acquired 335,073 shares as Iconix Brand Group Inc (ICON)’s stock declined 30.61%. The Permit Capital Llc holds 1.11 million shares with $6.32 million value, up from 774,927 last quarter. Iconix Brand Group Inc now has $94.40M valuation. The stock increased 3.12% or $0.05 during the last trading session, reaching $1.65. About 2.55M shares traded. Iconix Brand Group, Inc. (NASDAQ:ICON) has declined 13.52% since February 17, 2017 and is downtrending. It has underperformed by 30.22% the S&P500.

Among 9 analysts covering Iconix Brand Group (NASDAQ:ICON), 1 have Buy rating, 0 Sell and 8 Hold. Therefore 11% are positive. Iconix Brand Group had 19 analyst reports since August 7, 2015 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Wednesday, November 11 report. On Friday, September 30 the stock rating was initiated by Guggenheim with “Neutral”. The company was downgraded on Friday, November 6 by Monness Crespi & Hardt. The rating was maintained by Wunderlich on Friday, November 6 with “Hold”. The rating was downgraded by FBR Capital to “Hold” on Monday, October 30. The company was maintained on Monday, August 14 by Cowen & Co. The company was upgraded on Wednesday, August 12 by Monness Crespi & Hardt. The firm earned “Buy” rating on Friday, August 7 by Brean Capital. The firm has “Hold” rating by Cowen & Co given on Wednesday, September 27. Sidoti initiated Iconix Brand Group, Inc. (NASDAQ:ICON) rating on Tuesday, September 19. Sidoti has “Hold” rating and $6.0 target.

Investors sentiment decreased to 0.92 in Q3 2017. Its down 0.42, from 1.34 in 2017Q2. It fall, as 29 investors sold ICON shares while 31 reduced holdings. 14 funds opened positions while 41 raised stakes. 48.32 million shares or 2.47% more from 47.16 million shares in 2017Q2 were reported. Rhumbline Advisers holds 107,023 shares. Alliancebernstein Ltd Partnership accumulated 29,291 shares. Price T Rowe Associate Inc Md reported 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Ameriprise Financial has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). 65,033 are owned by Engineers Gate Manager L P. 7,085 were reported by Pinebridge L P. Parametric Assoc Limited has 0% invested in Iconix Brand Group, Inc. (NASDAQ:ICON) for 390,613 shares. United Kingdom-based Barclays Public Limited Co has invested 0% in Iconix Brand Group, Inc. (NASDAQ:ICON). Pomelo Capital Ltd Llc invested in 0.03% or 118,357 shares. Bnp Paribas Arbitrage Sa holds 0% of its portfolio in Iconix Brand Group, Inc. (NASDAQ:ICON) for 36,014 shares. Voya Inv Ltd Liability Company has 0% invested in Iconix Brand Group, Inc. (NASDAQ:ICON). Huber Cap Management Ltd Liability Com reported 2.89M shares. Bluecrest Capital Ltd owns 47,512 shares for 0.01% of their portfolio. Federated Investors Pa owns 140,431 shares. Louisiana State Employees Retirement System owns 23,100 shares.

Since October 10, 2017, it had 0 insider buys, and 4 sales for $8.29 million activity. The insider BOWERS WILLIAM P sold $4.26M. Another trade for 25,000 shares valued at $1.30M was made by Kerr – II James Y on Friday, October 20. The insider BEATTIE ART P sold 46,941 shares worth $2.46 million. Daiss Ann P sold $261,400 worth of The Southern Company (NYSE:SO) on Friday, October 20.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 63 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Hold”. SunTrust maintained the stock with “Hold” rating in Tuesday, December 26 report. RBC Capital Markets maintained the stock with “Buy” rating in Monday, October 30 report. The stock of The Southern Company (NYSE:SO) earned “Neutral” rating by SunTrust on Monday, September 26. Argus Research downgraded The Southern Company (NYSE:SO) on Friday, March 3 to “Hold” rating. The rating was maintained by Mizuho on Friday, December 8 with “Buy”. The stock of The Southern Company (NYSE:SO) earned “Hold” rating by SunTrust on Monday, February 12. As per Tuesday, September 12, the company rating was maintained by Jefferies. The firm has “Buy” rating by Mizuho given on Tuesday, October 17. The rating was maintained by Jefferies on Tuesday, June 6 with “Buy”.

Smith Salley & Associates increased Chevron Corp New (NYSE:CVX) stake by 34,977 shares to 67,029 valued at $7.88 million in 2017Q3. It also upped Gilead Sciences Inc (NASDAQ:GILD) stake by 27,824 shares and now owns 52,105 shares. General Mls Inc (NYSE:GIS) was raised too.

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