Cannon Express Inc 2017 Q4 Institutional Investor Sentiment Better Than Expected

May 18, 2018 - By Ruby Caswell

AllianceBernstein Holding L.P. (NYSE:AB) Logo

Sentiment for Cannon Express Inc (NYSE:AB)

Cannon Express Inc (NYSE:AB) institutional sentiment increased to 1.55 in Q4 2017. Its up 0.73, from 0.82 in 2017Q3. The ratio is positive, as 62 investment managers opened new or increased equity positions, while 40 sold and decreased positions in Cannon Express Inc. The investment managers in our partner’s database now own: 20.73 million shares, up from 18.55 million shares in 2017Q3. Also, the number of investment managers holding Cannon Express Inc in their top 10 equity positions was flat from 1 to 1 for the same number . Sold All: 8 Reduced: 32 Increased: 34 New Position: 28.

AllianceBernstein Holding L.P. is publicly owned investment manager. The company has market cap of $2.71 billion. The firm also provides research services to its clients. It has a 12.67 P/E ratio. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, firms, and other business entities.

The stock increased 1.47% or $0.4 during the last trading session, reaching $27.7. About 354,726 shares traded or 6.98% up from the average. AllianceBernstein Holding L.P. (NYSE:AB) has risen 21.30% since May 18, 2017 and is uptrending. It has outperformed by 9.75% the S&P500.

Analysts await AllianceBernstein Holding L.P. (NYSE:AB) to report earnings on July, 26. They expect $0.57 earnings per share, up 16.33 % or $0.08 from last year’s $0.49 per share. AB’s profit will be $55.70 million for 12.15 P/E if the $0.57 EPS becomes a reality. After $0.73 actual earnings per share reported by AllianceBernstein Holding L.P. for the previous quarter, Wall Street now forecasts -21.92 % negative EPS growth.

Meiji Yasuda Life Insurance Co holds 5.48% of its portfolio in AllianceBernstein Holding L.P. for 1.59 million shares. Groesbeck Investment Management Corp Nj owns 122,231 shares or 2.15% of their US portfolio. Moreover, Philadelphia Financial Management Of San Francisco Llc has 1.51% invested in the company for 409,554 shares. The Illinois-based New England Research & Management Inc. has invested 1.42% in the stock. Seminole Management Co. Inc., a New York-based fund reported 239,399 shares.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Coverage

Ratings analysis reveals 50% of AllianceBernstein’s analysts are positive. Out of 2 Wall Street analysts rating AllianceBernstein, 1 give it “Buy”, 0 “Sell” rating, while 1 recommend “Hold”. The lowest target is $2700 while the high is $31.0. The stock’s average target of $29 is 4.69% above today’s ($27.7) share price. AB was included in 3 notes of analysts from January 10, 2018. The stock of AllianceBernstein Holding L.P. (NYSE:AB) earned “Buy” rating by Keefe Bruyette & Woods on Tuesday, February 13. As per Wednesday, January 10, the company rating was maintained by Jefferies. The rating was maintained by Jefferies on Wednesday, April 11 with “Hold”.

More notable recent AllianceBernstein Holding L.P. (NYSE:AB) news were published by: Seekingalpha.com which released: “AllianceBernstein to exit New York – WSJ” on May 02, 2018, also Bizjournals.com with their article: “Exclusive: Finance giant picks downtown project for 1000-job Nashville HQ” published on May 17, 2018, Bizjournals.com published: “Bigger than Bridgestone: State tees up grant for Wall Street firm’s new Nashville HQ” on May 11, 2018. More interesting news about AllianceBernstein Holding L.P. (NYSE:AB) were released by: Prnewswire.com and their article: “AB Announces April 30, 2018 Assets Under Management” published on May 10, 2018 as well as Bizjournals.com‘s news article titled: “Reports: NY finance firm planting HQ in Nashville” with publication date: May 01, 2018.

AllianceBernstein Holding L.P. (NYSE:AB) Ratings Chart

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