Exchange Capital Management Trimmed Its First Solar (FSLR) Position; Rdl Financial Boosted Verizon Communications (VZ) Holding

July 17, 2017 - By Vivian Currie

Exchange Capital Management Inc decreased First Solar Inc (FSLR) stake by 99.71% reported in 2016Q4 SEC filing. Exchange Capital Management Inc sold 62,186 shares as First Solar Inc (FSLR)’s stock rose 4.31%. The Exchange Capital Management Inc holds 180 shares with $6,000 value, down from 62,366 last quarter. First Solar Inc now has $4.61B valuation. The stock declined 0.45% or $0.19 reaching $42.75 per share. About 1.38M shares traded. First Solar, Inc. (NASDAQ:FSLR) has declined 22.83% since July 17, 2016 and is downtrending. It has underperformed by 39.53% the S&P500.

Rdl Financial Inc increased Verizon Communications Inc (VZ) stake by 17.76% reported in 2016Q4 SEC filing. Rdl Financial Inc acquired 8,460 shares as Verizon Communications Inc (VZ)’s stock declined 7.66%. The Rdl Financial Inc holds 56,108 shares with $3.00M value, up from 47,648 last quarter. Verizon Communications Inc now has $178.15 billion valuation. The stock rose 0.09% or $0.04 reaching $43.6 per share. About 7.89 million shares traded. Verizon Communications Inc. (NYSE:VZ) has declined 8.48% since July 17, 2016 and is downtrending. It has underperformed by 25.18% the S&P500.

Investors sentiment increased to 1.11 in 2016 Q4. Its up 0.01, from 1.1 in 2016Q3. It improved, as 60 investors sold VZ shares while 658 reduced holdings. 115 funds opened positions while 683 raised stakes. 2.53 billion shares or 1.29% more from 2.50 billion shares in 2016Q3 were reported. Blue Chip Inc invested in 123,367 shares. Vigilant Capital Limited Liability reported 172,105 shares. Oakbrook Invests Ltd Com stated it has 280,417 shares. Adage Capital Prtn Lc stated it has 5.17 million shares or 0.75% of all its holdings. Eagle Ridge Invest Mngmt holds 1.18% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 106,547 shares. Switzerland-based Banque Pictet & Cie has invested 0.02% in Verizon Communications Inc. (NYSE:VZ). Baxter Bros reported 0.65% of its portfolio in Verizon Communications Inc. (NYSE:VZ). Reaves W H & invested in 1.69M shares or 3.39% of the stock. Atlas Browninc reported 7,992 shares or 0.17% of all its holdings. Estabrook Mgmt owns 308,521 shares. Allianz Asset Ag holds 0.43% of its portfolio in Verizon Communications Inc. (NYSE:VZ) for 8.99 million shares. Connor Clark & Lunn Limited has invested 0.28% in Verizon Communications Inc. (NYSE:VZ). Navellier And accumulated 39,653 shares or 0.35% of the stock. Mitchell Sinkler & Starr Pa invested in 36,973 shares or 2.77% of the stock. Zacks Investment accumulated 1.21M shares.

Since February 14, 2017, it had 0 buys, and 7 sales for $3.60 million activity. Another trade for 610 shares valued at $30,799 was sold by SILLIMAN CRAIG L.. Another trade for 12,495 shares valued at $603,134 was made by Skiadas Anthony T on Tuesday, February 14. WALDEN MARNI M had sold 16,362 shares worth $753,961 on Monday, May 1. 10,804 Verizon Communications Inc. (NYSE:VZ) shares with value of $543,385 were sold by Gurnani Roger.

Among 23 analysts covering Verizon Communications Inc. (NYSE:VZ), 6 have Buy rating, 0 Sell and 17 Hold. Therefore 26% are positive. Verizon Communications Inc. had 42 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by HSBC given on Thursday, January 19. RBC Capital Markets maintained Verizon Communications Inc. (NYSE:VZ) rating on Wednesday, September 30. RBC Capital Markets has “Outperform” rating and $48 target. On Wednesday, July 27 the stock rating was downgraded by Hilliard Lyons to “Neutral”. The rating was downgraded by FBR Capital on Wednesday, January 25 to “Mkt Perform”. The firm has “Hold” rating by RBC Capital Markets given on Friday, May 26. Zacks upgraded Verizon Communications Inc. (NYSE:VZ) rating on Friday, August 14. Zacks has “Hold” rating and $53 target. Citigroup maintained the stock with “Neutral” rating in Monday, March 14 report. The firm earned “Hold” rating on Friday, April 21 by Argus Research. The rating was initiated by Macquarie Research on Tuesday, April 5 with “Neutral”. The stock of Verizon Communications Inc. (NYSE:VZ) earned “Buy” rating by Citigroup on Tuesday, January 3.

Among 24 analysts covering First Solar Inc. (NASDAQ:FSLR), 8 have Buy rating, 4 Sell and 12 Hold. Therefore 33% are positive. First Solar Inc. had 52 analyst reports since August 5, 2015 according to SRatingsIntel. On Tuesday, September 1 the stock rating was initiated by Barclays Capital with “Overweight”. Argus Research maintained First Solar, Inc. (NASDAQ:FSLR) rating on Thursday, November 5. Argus Research has “Buy” rating and $87 target. The stock of First Solar, Inc. (NASDAQ:FSLR) earned “Buy” rating by Standpoint Research on Monday, January 18. The firm has “Outperform” rating by Cowen & Co given on Wednesday, August 5. The firm earned “Buy” rating on Thursday, April 28 by Roth Capital. The firm has “Neutral” rating by Janney Capital given on Thursday, November 3. The firm has “Hold” rating by Standpoint Research given on Thursday, February 25. The firm earned “Neutral” rating on Thursday, November 3 by TH Capital. The stock has “Mkt Underperform” rating by Avondale on Thursday, November 17. The stock has “Hold” rating by Needham on Thursday, December 10.

Since February 23, 2017, it had 1 buying transaction, and 5 sales for $337,428 activity. Bradley Alexander R. also sold $54,694 worth of First Solar, Inc. (NASDAQ:FSLR) shares. PRESBY J THOMAS bought 4,000 shares worth $147,542. Schumaker Bryan Robert also sold $96,145 worth of First Solar, Inc. (NASDAQ:FSLR) on Wednesday, May 3. KALETA PAUL J also sold $286,095 worth of First Solar, Inc. (NASDAQ:FSLR) shares.

Investors sentiment increased to 0.87 in Q4 2016. Its up 0.10, from 0.77 in 2016Q3. It increased, as 54 investors sold FSLR shares while 104 reduced holdings. 37 funds opened positions while 100 raised stakes. 64.88 million shares or 9.40% more from 59.30 million shares in 2016Q3 were reported. Amer Intll Gru Incorporated, New York-based fund reported 28,130 shares. Old Mutual Customised Solutions (Proprietary) stated it has 2,300 shares. Kempen Mgmt Nv invested in 0.14% or 35,240 shares. Asset Mngmt One Co holds 10,793 shares. New York-based Quinn Opportunity Prtnrs Limited Com has invested 0.07% in First Solar, Inc. (NASDAQ:FSLR). Great West Life Assurance Can has 169,361 shares. Luminus Management Limited Co invested 0.05% of its portfolio in First Solar, Inc. (NASDAQ:FSLR). Lsv Asset holds 0% or 3,900 shares. Moreover, Clinton Gru Inc has 0.03% invested in First Solar, Inc. (NASDAQ:FSLR) for 17,583 shares. Arizona State Retirement Sys owns 19,300 shares for 0.01% of their portfolio. Clean Yield Gru accumulated 0.56% or 38,966 shares. Invesco Ltd invested in 741,133 shares. State Of Tennessee Treasury Department reported 51,206 shares. Mizuho Usa accumulated 314,000 shares or 0.42% of the stock. Prelude Management Ltd Company reported 14,058 shares.

Analysts await First Solar, Inc. (NASDAQ:FSLR) to report earnings on August, 2. They expect $-0.05 earnings per share, down 105.75% or $0.92 from last year’s $0.87 per share. After $0.25 actual earnings per share reported by First Solar, Inc. for the previous quarter, Wall Street now forecasts -120.00% negative EPS growth.

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