Sather Financial Group Has Trimmed By $2.10 Million Its Bank Amer (BAC) Position; STELCO HOLDINGS (STZHF) SI Increased By 4.54%

June 17, 2018 - By Charlene Higgins

Bank of America Corporation (NYSE:BAC) Logo

STELCO HOLDINGS INC (OTCMKTS:STZHF) had an increase of 4.54% in short interest. STZHF’s SI was 182,000 shares in June as released by FINRA. Its up 4.54% from 174,100 shares previously. With 2,100 avg volume, 87 days are for STELCO HOLDINGS INC (OTCMKTS:STZHF)’s short sellers to cover STZHF’s short positions. The stock decreased 0.31% or $0.06 during the last trading session, reaching $19.14. About 500 shares traded. Stelco Holdings Inc. (OTCMKTS:STZHF) has 0.00% since June 17, 2017 and is . It has underperformed by 12.57% the S&P500.

Sather Financial Group Inc decreased Bank Amer Corp (BAC) stake by 16.59% reported in 2018Q1 SEC filing. Sather Financial Group Inc sold 72,539 shares as Bank Amer Corp (BAC)’s stock declined 6.97%. The Sather Financial Group Inc holds 364,633 shares with $10.94 million value, down from 437,172 last quarter. Bank Amer Corp now has $296.88 billion valuation. The stock decreased 0.75% or $0.22 during the last trading session, reaching $29.28. About 105.08M shares traded or 54.54% up from the average. Bank of America Corporation (NYSE:BAC) has risen 29.72% since June 17, 2017 and is uptrending. It has outperformed by 17.15% the S&P500. Some Historical BAC News: ; 16/04/2018 – BOFA CFO: TAX RATE LOWER IN 1Q18 BECAUSE OF INCENTIVE PROGRAMS; 15/05/2018 – Genomic Health at Bank of America Conference Tomorrow; 21/05/2018 – U.S. IPOs Drop 5.3% in 2018, BofA Leads, AXA SA Biggest; 01/05/2018 – Bank Of America: Chicago Entrepreneurs Increasing Plans to Hire – Tuesday, May 1, 2018 9:00 am EDT; 17/04/2018 – Encompass Health at Bank of America Conference May 16; 29/05/2018 – Bank of America exec sees mixed signals on business loan demand; 03/05/2018 – BAYER COVESTRO SHARE SALE BOOKS COVERED, TO CLOSE TODAY: BAML; 22/03/2018 – BOFA SAYS BUY UKRAINE 2021 BOND TO BET ON IMF TRANCHE, BUYBACK; 09/05/2018 – Gilead Presenting at Bank of America Conference May 16; 24/04/2018 – ALPHABET INC GOOGL.O : BOFA MERRILL CUTS PRICE OBJECTIVE TO $1270 FROM $1360

Stelco Holdings Inc. produces and sells various steel products in Canada and the United States. The company has market cap of $1.79 billion. The firm provides slabs; hot-rolled coils for structural, construction, automotive, or tubing purposes; and hot-rolled pickle products. It has a 0.36 P/E ratio. It also offers cold-rolled full hard products; and galvanized and galvanneal sheet steel for automotive, construction, prepaint, and appliance applications, as well as metallurgical coke.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Bank of America’s virtual financial assistant gets over 1M users” on June 12, 2018, also Seekingalpha.com with their article: “Howard Hughes Corp. starts construction on 55-story Chicago office tower” published on June 15, 2018, Investorplace.com published: “5 Top Stock Trades for Thursday Morning” on June 13, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank of America Corporation (BAC) Presents at Morgan Stanley Financials Conference (Transcript)” published on June 12, 2018 as well as Seekingalpha.com‘s news article titled: “Citi warns on bank job automation” with publication date: June 12, 2018.

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on July, 17. They expect $0.63 EPS, up 36.96% or $0.17 from last year’s $0.46 per share. BAC’s profit will be $6.39B for 11.62 P/E if the $0.63 EPS becomes a reality. After $0.62 actual EPS reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts 1.61% EPS growth.

Investors sentiment decreased to 0.95 in Q1 2018. Its down 0.24, from 1.19 in 2017Q4. It turned negative, as 73 investors sold BAC shares while 633 reduced holdings. 134 funds opened positions while 535 raised stakes. 6.66 billion shares or 2.67% less from 6.85 billion shares in 2017Q4 were reported. Cortland Advisers Ltd Liability Co has invested 5.55% in Bank of America Corporation (NYSE:BAC). Orleans Cap Management Corp La holds 96,299 shares or 2.12% of its portfolio. Eagle Ltd Liability Corporation holds 22.67M shares. Logan Capital Management has invested 0.03% in Bank of America Corporation (NYSE:BAC). Seizert Limited Liability accumulated 2.03% or 1.86 million shares. New York-based Ingalls Snyder Limited Liability Corporation has invested 0.32% in Bank of America Corporation (NYSE:BAC). Centurylink Investment Mgmt stated it has 137,927 shares or 1.48% of all its holdings. 7,458 are owned by Amer Asset. Pub Sector Pension Inv Board reported 1.35% of its portfolio in Bank of America Corporation (NYSE:BAC). Barbara Oil invested in 0.78% or 40,000 shares. Eastern Fincl Bank reported 742,800 shares. Cubic Asset Mngmt Ltd Llc owns 26,799 shares or 0.23% of their US portfolio. Shoker Inv Counsel Inc has 15,043 shares for 0.34% of their portfolio. Tiaa Cref Invest Management Limited Com owns 60.41M shares or 1.23% of their US portfolio. Savings Bank Of The Ozarks holds 1% or 83,656 shares in its portfolio.

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 114 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Hold” rating given on Tuesday, September 13 by Societe Generale. Nomura maintained the shares of BAC in report on Monday, October 16 with “Buy” rating. The firm has “Buy” rating by Renaissance Macro Securities LLC given on Sunday, July 23. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Keefe Bruyette & Woods on Wednesday, April 4. The stock of Bank of America Corporation (NYSE:BAC) earned “Buy” rating by Jefferies on Monday, October 10. The rating was initiated by Vining Sparks with “Buy” on Monday, April 16. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, August 13. The stock of Bank of America Corporation (NYSE:BAC) earned “Overweight” rating by JP Morgan on Wednesday, November 1. The firm has “Market Perform” rating given on Monday, May 16 by Wood. Standpoint Research downgraded the stock to “Hold” rating in Thursday, December 1 report.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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