Cit Group (CIT) Share Value Rose While Arbiter Partners Capital Management Lowered Its Stake; Hemenway Trust … – BZ Weekly


October 29, 2017 – By Adrian Mccoy

Paul J. Isaac decreased its stake in Cit Group Inc (CIT) by 49.26% based on its latest 2017Q2 regulatory filing with the SEC. Arbiter Partners Capital Management Llc sold 100,500 shares as the company’s stock rose 7.62% with the market. The hedge fund run by Paul J. Isaac held 103,500 shares of the consumer services company at the end of 2017Q2, valued at $5.04M, down from 204,000 at the end of the previous reported quarter. Arbiter Partners Capital Management Llc who had been investing in Cit Group Inc for a number of months, seems to be less bullish one the $6.48B market cap company. The stock increased 1.38% or $0.65 on October 27, reaching $47.84. About 736,199 shares traded. CIT Group Inc. (NYSE:CIT) has risen 46.21% since October 29, 2016 and is uptrending. It has outperformed by 29.51% the S&P500.

Hemenway Trust Company Llc decreased its stake in Nxp Semiconductors (NXPI) by 43.75% based on its latest 2017Q2 regulatory filing with the SEC. Hemenway Trust Company Llc sold 27,969 shares as the company’s stock rose 5.22% with the market. The institutional investor held 35,967 shares of the semiconductors company at the end of 2017Q2, valued at $3.94M, down from 63,936 at the end of the previous reported quarter. Hemenway Trust Company Llc who had been investing in Nxp Semiconductors for a number of months, seems to be less bullish one the $40.46B market cap company. The stock increased 0.27% or $0.31 on October 27, reaching $116.93. About 3.13M shares traded or 70.11% up from the average. NXP Semiconductors NV (NASDAQ:NXPI) has risen 24.67% since October 29, 2016 and is uptrending. It has outperformed by 7.97% the S&P500.

More notable recent NXP Semiconductors NV (NASDAQ:NXPI) news were published by: Nasdaq.com which released: “NXP Foundation Presents the 2017 Women’s STEM Leadership Forum” on October 26, 2017, also Globenewswire.com with their article: “NXP and Metanoia Collaborate on Broadband Access Solutions” published on October 24, 2017, Globenewswire.com published: “NXP Integrates NFC Technology into LPC800 Series Microcontrollers …” on October 24, 2017. More interesting news about NXP Semiconductors NV (NASDAQ:NXPI) were released by: Globenewswire.com and their article: “NXP Semiconductors Reports Third Quarter 2017 Results” published on October 26, 2017 as well as Streetinsider.com‘s news article titled: “UPDATE: Bernstein Downgrades NXP Semiconductors NV (NXPI) to Market Perform …” with publication date: October 26, 2017.

Hemenway Trust Company Llc, which manages about $449.75 million US Long portfolio, upped its stake in Smucker J M (NYSE:SJM) by 7,303 shares to 65,390 shares, valued at $7.74M in 2017Q2, according to the filing. It also increased its holding in Aptargroup (NYSE:ATR) by 7,317 shares in the quarter, for a total of 131,752 shares, and has risen its stake in Unilever Plc New Adr (NYSE:UL).

Among 28 analysts covering NXP Semiconductors NV (NASDAQ:NXPI), 8 have Buy rating, 1 Sell and 19 Hold. Therefore 29% are positive. NXP Semiconductors NV had 59 analyst reports since August 3, 2015 according to SRatingsIntel. The rating was downgraded by Bernstein to “Market Perform” on Thursday, October 26. As per Thursday, October 27, the company rating was maintained by Mizuho. Topeka Capital Markets maintained it with “Buy” rating and $90 target in Friday, February 5 report. The firm earned “Hold” rating on Thursday, August 3 by Mizuho. Jefferies maintained it with “Buy” rating and $130 target in Friday, April 29 report. The company was downgraded on Friday, October 28 by Morgan Stanley. As per Friday, October 28, the company rating was downgraded by CLSA. The firm has “Hold” rating given on Thursday, October 26 by Oppenheimer. The stock of NXP Semiconductors NV (NASDAQ:NXPI) has “Hold” rating given on Wednesday, October 18 by Jefferies. The firm has “Hold” rating by Stifel Nicolaus given on Friday, September 1.

Investors sentiment decreased to 0.34 in Q2 2017. Its down 0.76, from 1.1 in 2017Q1. It worsened, as 80 investors sold CIT shares while 121 reduced holdings. 31 funds opened positions while 38 raised stakes. 145.43 million shares or 26.78% less from 198.63 million shares in 2017Q1 were reported. Bank & Trust Of Mellon Corporation reported 0.01% stake. Putnam Investments holds 0.02% in CIT Group Inc. (NYSE:CIT) or 157,705 shares. Ameriprise has invested 0% in CIT Group Inc. (NYSE:CIT). Kemnay Advisory, a New York-based fund reported 16,663 shares. Rafferty Asset Mngmt Ltd Com holds 0.04% or 30,030 shares in its portfolio. Franklin Resource Inc holds 10.87 million shares. Dalton Greiner Hartman Maher &, New York-based fund reported 281,378 shares. Nordea Invest Ab, Sweden-based fund reported 136,148 shares. Lsv Asset owns 3.43M shares. Metropolitan Life Com Ny reported 0% of its portfolio in CIT Group Inc. (NYSE:CIT). Glenmede Trust Na stated it has 2,103 shares. Cadence Cap Management Limited Liability stated it has 7,977 shares. Bnp Paribas Asset Mgmt Sa has 0% invested in CIT Group Inc. (NYSE:CIT). Kbc Nv has invested 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT). Frontier Capital Mngmt Co Limited owns 1,169 shares.

Arbiter Partners Capital Management Llc, which manages about $1.06 billion and $815.68M US Long portfolio, upped its stake in Capital Senior Living Corp (NYSE:CSU) by 30,000 shares to 4.52M shares, valued at $68.76M in 2017Q2, according to the filing. It also increased its holding in New Senior Investment Group (NYSE:SNR) by 128,900 shares in the quarter, for a total of 172,628 shares, and has risen its stake in Cowen Inc.

Among 18 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 1 Sell and 9 Hold. Therefore 44% are positive. CIT Group had 51 analyst reports since July 23, 2015 according to SRatingsIntel. Nomura maintained it with “Neutral” rating and $33 target in Tuesday, May 3 report. The firm has “Hold” rating given on Monday, August 28 by Keefe Bruyette & Woods. The rating was initiated by Deutsche Bank on Thursday, January 21 with “Hold”. The rating was maintained by BTIG Research with “Buy” on Tuesday, July 25. The rating was upgraded by Bank of America on Wednesday, April 26 to “Buy”. The firm earned “Buy” rating on Friday, August 11 by Oppenheimer. The stock of CIT Group Inc. (NYSE:CIT) earned “Underperform” rating by Bank of America on Friday, April 29. Barclays Capital maintained CIT Group Inc. (NYSE:CIT) rating on Friday, July 29. Barclays Capital has “Equal-Weight” rating and $35 target. The rating was upgraded by Stephens on Monday, July 17 to “Overweight”. The company was maintained on Tuesday, July 25 by Oppenheimer.

More notable recent CIT Group Inc. (NYSE:CIT) news were published by: Nasdaq.com which released: “5 Reasons to Add CIT Group (CIT) to Your Portfolio Right Now” on October 10, 2017, also Nasdaq.com with their article: “CIT Group Inc. Bottom Line Climbs 67% In Q3” published on October 24, 2017, Nasdaq.com published: “Zacks.com featured highlights: Greenbrier, CIT Group, ArcBest, Prudential …” on October 17, 2017. More interesting news about CIT Group Inc. (NYSE:CIT) were released by: Streetinsider.com and their article: “CIT Group (CIT) Reports Agreement to Sell Reverse Mortgage Servicing Business …” published on October 06, 2017 as well as Nasdaq.com‘s news article titled: “CIT Group to Sell Financial Freedom & Exit Reverse Mortgage” with publication date: October 09, 2017.

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