Louisiana State Employees Retirement System Has Lowered Stake in Bank Amer (BAC) by $333,500; Triumph Group (TGI) Holding Has Boosted by Rock Point Advisors Llc

Triumph Group, Inc. (NYSE:TGI) Logo

Louisiana State Employees Retirement System decreased its stake in Bank Amer Corp (BAC) by 2.07% based on its latest 2018Q3 regulatory filing with the SEC. Louisiana State Employees Retirement System sold 11,500 shares as the company’s stock declined 19.66% with the market. The institutional investor held 543,500 shares of the major banks company at the end of 2018Q3, valued at $16.01M, down from 555,000 at the end of the previous reported quarter. Louisiana State Employees Retirement System who had been investing in Bank Amer Corp for a number of months, seems to be less bullish one the $255.46 billion market cap company. The stock increased 1.17% or $0.3 during the last trading session, reaching $26.03. About 63.48 million shares traded. Bank of America Corporation (NYSE:BAC) has declined 13.97% since January 12, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 14/05/2018 – Premier Presenting at Bank of America Conference Tomorrow; 26/04/2018 – 60NQ: Merrill Lynch SA: Annual Financial Report; 30/04/2018 – Global Loan Issuance Down 13% in 2018, BofA Leads; 11/05/2018 – Owens & Minor Presenting at Bank of America Conference May 15; 01/05/2018 – Bank of America: D.C. Entrepreneurs Express Highest Level of Confidence in Their Local Economy Since Fall 2015 Tue, 01 May 2018; 05/04/2018 – BOFA FINANCE PRICES OFFERING OF $250M NOTES DUE MAY 2023; 10/05/2018 – Esperion to Participate in Fireside Chat at the Bank of America Merrill Lynch 2018 Healthcare Conference; 15/03/2018 – KCS’ Mike Upchurch to Address the Bank of America Merrill Lynch 2018 Global Industrials Conference; 20/03/2018 – QUALCOMM INC QCOM.O : BOFA MERRILL ADDS TO US 1 LIST; 16/03/2018 – BofA’s European Banking President Wilmot-Sitwell Departs Firm

Rock Point Advisors Llc increased its stake in Triumph Group Inc (TGI) by 11.33% based on its latest 2018Q3 regulatory filing with the SEC. Rock Point Advisors Llc bought 32,435 shares as the company’s stock declined 29.13% with the market. The institutional investor held 318,805 shares of the capital goods company at the end of 2018Q3, valued at $7.43 million, up from 286,370 at the end of the previous reported quarter. Rock Point Advisors Llc who had been investing in Triumph Group Inc for a number of months, seems to be bullish on the $686.23M market cap company. The stock increased 0.22% or $0.03 during the last trading session, reaching $13.77. About 599,028 shares traded. Triumph Group, Inc. (NYSE:TGI) has declined 44.95% since January 12, 2018 and is downtrending. It has underperformed by 44.95% the S&P500. Some Historical TGI News: 14/05/2018 – TRIUMPH GROUP INC – BUSINESSES GENERATED REVENUES OF APPROXIMATELY $165 MLN IN TRIUMPH GROUP’S FISCAL YEAR ENDED MARCH 31, 2018; 16/04/2018 – TROVAGENE: PCM-075, FLT3 INHIBITORS COMBO SHOWED 97.3% TGI; 14/05/2018 – TRIUMPH REACHED PACTS TO DIVEST THREE BUSINESSES; 10/05/2018 – TRIUMPH TARGETING EARNING 30% OF REVENUE FROM DEFENSE CONTRACTS; 10/05/2018 – TGI EXPECTS FY19 CASH TO BE BETTER THAN $330M OUTFLOW IN FY18; 10/05/2018 – Correct: Triumph Group 4Q Included $6.91/Shr Impairment Charge; 03/04/2018 – TRIUMPH – AGREEMENT INCLUDES PLAN FOR REALLOCATION OF WORK BETWEEN TRIUMPH’S TULSA, NASHVILLE FACILITIES & GULFSTREAM’S SAVANNAH OPERATION; 10/05/2018 – TRIUMPH IN CONTRACT TALKS THAT WILL AFFECT FY19 CASH GUIDANCE; 04/05/2018 – Victory Capital Buys New 1.4% Position in Triumph Group; 10/05/2018 – TRIUMPH GROUP BEGINS QUARTERLY EARNINGS WEBCAST

Investors sentiment decreased to 0.77 in Q3 2018. Its down 0.14, from 0.91 in 2018Q2. It is negative, as 23 investors sold TGI shares while 55 reduced holdings. 18 funds opened positions while 42 raised stakes. 50.03 million shares or 0.71% less from 50.39 million shares in 2018Q2 were reported. Mason Street Limited Liability Company holds 14,759 shares or 0.01% of its portfolio. South Dakota Invest Council holds 0.02% in Triumph Group, Inc. (NYSE:TGI) or 35,900 shares. Parametric Portfolio Assoc Limited Liability Corporation has 190,755 shares. Sandy Spring National Bank accumulated 1,000 shares or 0% of the stock. State Teachers Retirement Systems holds 0.01% or 100,881 shares in its portfolio. Arizona State Retirement Systems reported 0.02% stake. The Tennessee-based State Of Tennessee Treasury Department has invested 0% in Triumph Group, Inc. (NYSE:TGI). First Lp reported 17,632 shares. Ameritas Prtn has invested 0% in Triumph Group, Inc. (NYSE:TGI). Principal Financial Inc owns 0.01% invested in Triumph Group, Inc. (NYSE:TGI) for 402,199 shares. Credit Suisse Ag reported 107,150 shares stake. 32,462 were reported by Manufacturers Life The. National Bank Of America De has invested 0% in Triumph Group, Inc. (NYSE:TGI). Lathrop Investment Mngmt Corporation owns 207,388 shares. Invesco Limited stated it has 0% of its portfolio in Triumph Group, Inc. (NYSE:TGI).

More notable recent Triumph Group, Inc. (NYSE:TGI) news were published by: Seekingalpha.com which released: “Triumph: Turnaround In The Making – Seeking Alpha” on July 05, 2017, also Seekingalpha.com with their article: “Triumph Group: Modern Day Cigar Butt – Seeking Alpha” published on May 03, 2018, Seekingalpha.com published: “Investors Haven’t Caught On Yet To Triumph Group’s Turnaround – Seeking Alpha” on February 05, 2018. More interesting news about Triumph Group, Inc. (NYSE:TGI) were released by: Streetinsider.com and their article: “Triumph Group (TGI) Announces Update on Divestiture Progress – StreetInsider.com” published on May 14, 2018 as well as Seekingalpha.com‘s news article titled: “Triumph Group announces update on divestiture progress – Seeking Alpha” with publication date: May 15, 2018.

Rock Point Advisors Llc, which manages about $351.72M and $224.63M US Long portfolio, decreased its stake in Accenture (NYSE:ACN) by 4,737 shares to 42,837 shares, valued at $7.29M in 2018Q3, according to the filing. It also reduced its holding in Hortonworks Inc (NASDAQ:HDP) by 30,330 shares in the quarter, leaving it with 141,490 shares, and cut its stake in Apple Computer (NASDAQ:AAPL).

Since September 12, 2018, it had 0 insider buys, and 1 sale for $121,000 activity.

Among 19 analysts covering Triumph Group (NYSE:TGI), 4 have Buy rating, 2 Sell and 13 Hold. Therefore 21% are positive. Triumph Group had 69 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Triumph Group, Inc. (NYSE:TGI) has “Buy” rating given on Friday, April 6 by RBC Capital Markets. The rating was maintained by Jefferies with “Hold” on Monday, August 28. On Tuesday, November 15 the stock rating was downgraded by Deutsche Bank to “Hold”. The stock has “Buy” rating by Jefferies on Monday, May 29. RBC Capital Markets maintained Triumph Group, Inc. (NYSE:TGI) rating on Thursday, July 27. RBC Capital Markets has “Buy” rating and $3300 target. The firm earned “Buy” rating on Monday, February 22 by Bank of America. On Thursday, October 6 the stock rating was initiated by Robert W. Baird with “Underperform”. The stock of Triumph Group, Inc. (NYSE:TGI) has “Outperform” rating given on Tuesday, October 13 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Outperform” rating in Thursday, May 25 report. The stock has “Hold” rating by Canaccord Genuity on Thursday, May 25.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Seekingalpha.com which released: “Stocks To Watch: Action From Detroit and ICR – Seeking Alpha” on January 12, 2019, also 247Wallst.com with their article: “The 6 Most Shorted NYSE Stocks – 24/7 Wall St.” published on December 12, 2018, Seekingalpha.com published: “The Attractiveness Of Bank Of America At $25 Instead Of $12.50 – Seeking Alpha” on December 13, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: Bulls Vs. Bears – Seeking Alpha” published on December 21, 2018 as well as Seekingalpha.com‘s news article titled: “Bank Of America: A Good Crush – Seeking Alpha” with publication date: January 08, 2019.

Louisiana State Employees Retirement System, which manages about $2.34B US Long portfolio, upped its stake in Molina Healthcare Inc (NYSE:MOH) by 4,100 shares to 16,900 shares, valued at $2.51 million in 2018Q3, according to the filing. It also increased its holding in Salesforce Com Inc (NYSE:CRM) by 2,800 shares in the quarter, for a total of 44,300 shares, and has risen its stake in Ishares Tr (IJR).

Analysts await Bank of America Corporation (NYSE:BAC) to report earnings on January, 16 before the open. They expect $0.63 earnings per share, up 34.04% or $0.16 from last year’s $0.47 per share. BAC’s profit will be $6.18B for 10.33 P/E if the $0.63 EPS becomes a reality. After $0.66 actual earnings per share reported by Bank of America Corporation for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Investors sentiment decreased to 0.84 in 2018 Q3. Its down 0.17, from 1.01 in 2018Q2. It dived, as 57 investors sold BAC shares while 649 reduced holdings. 123 funds opened positions while 473 raised stakes. 6.37 billion shares or 1.73% less from 6.48 billion shares in 2018Q2 were reported. 907,031 are held by Crestwood Advsrs Gru Limited Company. Gradient Investments Ltd Liability Com stated it has 307,218 shares or 0.46% of all its holdings. Beck Cap Ltd Com owns 201,735 shares for 2.56% of their portfolio. Afam Capital stated it has 1.1% in Bank of America Corporation (NYSE:BAC). Apriem Advisors holds 1.36% in Bank of America Corporation (NYSE:BAC) or 211,211 shares. Glenview National Bank & Trust Tru Dept invested in 22,366 shares. Macroview Inv Management Llc accumulated 120 shares. Auxier Asset Mngmt invested in 337,444 shares or 1.87% of the stock. Zwj Invest Counsel stated it has 69,562 shares. Lourd Cap Ltd Liability Company invested 8.67% in Bank of America Corporation (NYSE:BAC). Timber Creek Capital Mgmt Ltd Liability Company owns 483 shares. Davis R M holds 24,220 shares. Gladius Capital Mgmt Ltd Partnership owns 31,881 shares. Covington Capital Mngmt owns 252,140 shares or 0.45% of their US portfolio. Pekin Singer Strauss Asset Management Il has invested 0.1% of its portfolio in Bank of America Corporation (NYSE:BAC).

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 118 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Tuesday, November 29 by Keefe Bruyette & Woods. RBC Capital Markets maintained Bank of America Corporation (NYSE:BAC) on Wednesday, April 5 with “Buy” rating. The rating was downgraded by Wood to “Market Perform” on Monday, May 16. Vetr upgraded Bank of America Corporation (NYSE:BAC) rating on Monday, August 24. Vetr has “Buy” rating and $18.59 target. The stock has “Buy” rating by KBW on Tuesday, September 1. Keefe Bruyette & Woods downgraded Bank of America Corporation (NYSE:BAC) on Monday, May 16 to “Market Perform” rating. The company was maintained on Friday, February 2 by Morgan Stanley. As per Wednesday, December 20, the company rating was maintained by Wells Fargo. On Friday, October 13 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Outperform” rating by Credit Suisse on Friday, December 7.

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