Analysts See $0.06 EPS for Fortress Transprtn and Infr Investrs (FTAI); Odey Asset Management Group LTD Decreased Bank Amer (BAC) Position By $29.71 Million

October 13, 2017 - By Adrian Mccoy

Odey Asset Management Group Ltd decreased Bank Amer Corp (BAC) stake by 47.72% reported in 2017Q2 SEC filing. Odey Asset Management Group Ltd sold 1.24M shares as Bank Amer Corp (BAC)’s stock declined 6.00%. The Odey Asset Management Group Ltd holds 1.36 million shares with $32.90M value, down from 2.59M last quarter. Bank Amer Corp now has $272.52B valuation. The stock increased 1.49% or $0.38 during the last trading session, reaching $25.83. About 103.57M shares traded or 51.62% up from the average. Bank of America Corp (NYSE:BAC) has risen 58.64% since October 13, 2016 and is uptrending. It has outperformed by 41.94% the S&P500.

Analysts expect Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) to report $0.06 EPS on November, 7.FTAI’s profit would be $4.54M giving it 76.04 P/E if the $0.06 EPS is correct. The stock increased 2.07% or $0.37 on October 13, reaching $18.25. About 256,489 shares traded or 150.25% up from the average. Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) has risen 73.15% since October 13, 2016 and is uptrending. It has outperformed by 56.45% the S&P500.

Fortress Transportation and Infrastructure Investors LLC owns and acquires infrastructure and equipment that is essential for the transportation of goods and people across the world. The company has market cap of $1.38 billion. The Firm operates through five divisions Aviation Leasing, Offshore Energy, Shipping Containers, Jefferson Terminal and Railroad. It currently has negative earnings. The Aviation Leasing segment consists of aircraft and aircraft engines held for lease for long-term.

Among 6 analysts covering Fortress Transportation and Infrastructure (NYSE:FTAI), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Fortress Transportation and Infrastructure had 9 analyst reports since July 29, 2015 according to SRatingsIntel. As per Friday, August 12, the company rating was maintained by Citigroup. The firm earned “Outperform” rating on Wednesday, July 29 by Wolfe Research. The stock of Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) has “Overweight” rating given on Wednesday, October 7 by Alembic. Barclays Capital maintained Fortress Transprtn and Infr Investrs LLC (NYSE:FTAI) on Monday, October 5 with “Overweight” rating. The firm earned “Outperform” rating on Wednesday, January 18 by Raymond James.

Among 29 analysts covering Bank of America (NYSE:BAC), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Bank of America had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Societe Generale given on Wednesday, January 11. The stock of Bank of America Corp (NYSE:BAC) earned “Outperform” rating by CLSA on Friday, September 23. The company was downgraded on Tuesday, August 11 by Vetr. Jefferies maintained the stock with “Buy” rating in Friday, August 11 report. The rating was upgraded by Macquarie Research on Thursday, February 16 to “Outperform”. The firm has “Buy” rating by RBC Capital Markets given on Friday, October 6. Vetr upgraded Bank of America Corp (NYSE:BAC) on Monday, August 24 to “Buy” rating. As per Wednesday, April 5, the company rating was maintained by RBC Capital Markets. The rating was upgraded by Bernstein to “Mkt Perform” on Tuesday, August 25. Bruyette & Woods” upgraded it to “Mkt Perform” rating and $20.0 target in Monday, August 24 report.

Investors sentiment decreased to 1.12 in Q2 2017. Its down 0.03, from 1.15 in 2017Q1. It is negative, as 79 investors sold BAC shares while 543 reduced holdings. 120 funds opened positions while 577 raised stakes. 6.34 billion shares or 0.73% less from 6.39 billion shares in 2017Q1 were reported. Dana Advsrs owns 1.38M shares for 1.58% of their portfolio. State Board Of Administration Of Florida Retirement System holds 14.68M shares. Meiji Yasuda Life reported 0.88% of its portfolio in Bank of America Corp (NYSE:BAC). Highvista Strategies Ltd Limited Liability Company invested in 129,100 shares or 0.71% of the stock. Guardian Cap Advsrs Ltd Partnership holds 0.07% in Bank of America Corp (NYSE:BAC) or 18,591 shares. Gateway Investment Advisers Ltd accumulated 5.95M shares. Pring Turner reported 16,026 shares. Reilly Finance Limited Liability Co holds 0.04% or 11,378 shares. Retirement Planning Group stated it has 11,258 shares or 0.08% of all its holdings. 326,435 are held by Summit Securities Gp Ltd Liability Corp. Legg Mason Asset Management (Japan) Co Limited has 74,500 shares for 1.48% of their portfolio. Buckingham Cap Mngmt holds 1.64% or 577,958 shares. Brandywine Global Invest Mngmt Limited Liability owns 18.76 million shares for 2.9% of their portfolio. Lee Danner Bass reported 22,697 shares. Whittier Trust has invested 0.13% in Bank of America Corp (NYSE:BAC).

Odey Asset Management Group Ltd increased Tripadvisor Inc (NASDAQ:TRIP) stake by 12,000 shares to 36,500 valued at $1.39 million in 2017Q2. It also upped Kinross Gold Corp (NYSE:KGC) stake by 2.62M shares and now owns 26.31 million shares. Technipfmc Plc was raised too.

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