Wednesday, 28 February 2018

First Wilshire Securities Management Has Lowered Its Stake in East West Bancorp (EWBC) as Market Value Rose; Hite Hedge Asset Management Boosted Holding in Global Partners LP (GLP) by $306,374

Hite Hedge Asset Management Llc increased its stake in Global Partners Lp (GLP) by 2.76% based on its latest 2017Q3 regulatory filing with the SEC. Hite Hedge Asset Management Llc bought 18,022 shares as the company’s stock declined 2.76% while stock markets rallied. The hedge fund held 671,242 shares of the oil refining and marketing company at the end of 2017Q3, valued at $11.68M, up from 653,220 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Global Partners Lp for a number of months, seems to be bullish on the $555.54 million market cap company. The stock decreased 2.38% or $0.4 during the last trading session, reaching $16.4. About 42,015 shares traded. Global Partners LP (NYSE:GLP) has risen 51.68% since February 28, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

First Wilshire Securities Management Inc decreased its stake in East West Bancorp Inc (EWBC) by 2.76% based on its latest 2017Q3 regulatory filing with the SEC. First Wilshire Securities Management Inc sold 5,520 shares as the company’s stock rose 1.19% with the market. The hedge fund held 194,661 shares of the finance company at the end of 2017Q3, valued at $11.64 million, down from 200,181 at the end of the previous reported quarter. First Wilshire Securities Management Inc who had been investing in East West Bancorp Inc for a number of months, seems to be less bullish one the $9.59B market cap company. The stock decreased 1.12% or $0.75 during the last trading session, reaching $66.34. About 625,284 shares traded. East West Bancorp, Inc. (NASDAQ:EWBC) has risen 46.25% since February 28, 2017 and is uptrending. It has outperformed by 29.55% the S&P500.

Investors sentiment decreased to 1.18 in 2017 Q3. Its down 0.20, from 1.38 in 2017Q2. It dropped, as 31 investors sold EWBC shares while 116 reduced holdings. 47 funds opened positions while 127 raised stakes. 124.37 million shares or 0.88% more from 123.29 million shares in 2017Q2 were reported. South Dakota Inv Council has 47,700 shares. Old Mutual Customised Solutions (Proprietary) has invested 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). Bnp Paribas Arbitrage stated it has 0.02% in East West Bancorp, Inc. (NASDAQ:EWBC). San Francisco Sentry Inv Group (Ca) holds 0.18% or 8,875 shares. The New York-based Laurion Capital Mgmt Lp has invested 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). Advisory Networks Ltd Com reported 0.01% in East West Bancorp, Inc. (NASDAQ:EWBC). 36,510 were reported by Cookson Peirce &. Royal State Bank Of Canada has 0% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 105,678 shares. Envestnet Asset Management Inc holds 14,472 shares or 0% of its portfolio. California Public Employees Retirement has 0.04% invested in East West Bancorp, Inc. (NASDAQ:EWBC) for 397,475 shares. 62,560 are owned by Pillar Pacific Capital Mgmt Limited Liability Com. Amp Invsts Ltd owns 55,661 shares. Meeder Asset reported 41,566 shares or 0.27% of all its holdings. Utd Advisers Lc reported 4,150 shares. Citigroup stated it has 0.01% of its portfolio in East West Bancorp, Inc. (NASDAQ:EWBC).

Analysts await East West Bancorp, Inc. (NASDAQ:EWBC) to report earnings on April, 18. They expect $1.00 earnings per share, up 13.64% or $0.12 from last year’s $0.88 per share. EWBC’s profit will be $144.54 million for 16.59 P/E if the $1.00 EPS becomes a reality. After $0.87 actual earnings per share reported by East West Bancorp, Inc. for the previous quarter, Wall Street now forecasts 14.94% EPS growth.

Among 14 analysts covering East West Bancorp Inc. (NASDAQ:EWBC), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. East West Bancorp Inc. had 47 analyst reports since August 26, 2015 according to SRatingsIntel. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Buy” rating given on Thursday, January 25 by Sandler O’Neill. The firm has “Buy” rating given on Thursday, January 25 by SunTrust. The stock has “Hold” rating by BMO Capital Markets on Monday, December 18. The firm earned “Buy” rating on Friday, October 20 by Piper Jaffray. The rating was maintained by BMO Capital Markets with “Hold” on Thursday, February 8. Wood downgraded East West Bancorp, Inc. (NASDAQ:EWBC) on Thursday, April 28 to “Market Perform” rating. The rating was maintained by Deutsche Bank on Wednesday, February 24 with “Buy”. On Monday, September 25 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. BMO Capital Markets maintained East West Bancorp, Inc. (NASDAQ:EWBC) rating on Thursday, January 25. BMO Capital Markets has “Hold” rating and $74.0 target.

First Wilshire Securities Management Inc, which manages about $648.73M and $352.76 million US Long portfolio, upped its stake in Baldwin & Lyons Inc (NASDAQ:BWINB) by 45,112 shares to 203,399 shares, valued at $4.59M in 2017Q3, according to the filing.

Since September 18, 2017, it had 0 insider buys, and 5 sales for $1.29 million activity. LIU JACK C also sold $137,000 worth of East West Bancorp, Inc. (NASDAQ:EWBC) shares. 2,000 shares valued at $133,378 were sold by Chan Iris S on Friday, February 2. Another trade for 10,000 shares valued at $610,000 was made by LI HERMAN Y on Tuesday, October 24. On Tuesday, December 19 the insider KRAUSE DOUGLAS PAUL sold $306,286.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.13, from 1.04 in 2017Q2. It worsened, as 7 investors sold GLP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported. State Bank Of America De owns 0% invested in Global Partners LP (NYSE:GLP) for 325,241 shares. Solaris Asset Mgmt Lc has invested 0.1% of its portfolio in Global Partners LP (NYSE:GLP). Citigroup reported 0% stake. Winslow Evans Crocker accumulated 42,284 shares. Commonwealth Equity Incorporated invested in 16,171 shares or 0% of the stock. Acadian Asset Lc has 11,408 shares. Moors & Cabot holds 0.03% in Global Partners LP (NYSE:GLP) or 11,388 shares. Advisory Research accumulated 0.06% or 226,344 shares. Toronto Dominion Comml Bank accumulated 17 shares. State Bank Of Montreal Can holds 0% or 25,000 shares in its portfolio. Barclays Public Limited Company has 0% invested in Global Partners LP (NYSE:GLP). Us Fincl Bank De reported 355 shares stake. Kayne Anderson Advsr Limited Partnership reported 1.93M shares stake. 62 are held by Northwestern Mutual Wealth. Manufacturers Life The invested in 2,046 shares.

The post First Wilshire Securities Management Has Lowered Its Stake in East West Bancorp (EWBC) as Market Value Rose; Hite Hedge Asset Management Boosted Holding in Global Partners LP (GLP) by $306,374 appeared first on Stock Market News | HillCountryTimes | Get it Today.



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