Cannon Express Inc (NYSE:AB) Institutional Investors Sentiment Index Up in 2017 Q4

May 18, 2018 - By Adrian Erickson

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 2017 Q4. Its up 0.73, from 0.82 in 2017Q3. The ratio increased, as 62 active investment managers started new or increased equity positions, while 40 decreased and sold stock positions in Cannon Express Inc. The active investment managers in our partner’s database now hold: 20.73 million shares, up from 18.55 million shares in 2017Q3. Also, the number of active 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 has “Hold” rating by Jefferies on Wednesday, April 11. Jefferies maintained the stock with “Hold” rating in Wednesday, January 10 report. The firm has “Buy” rating given on Tuesday, February 13 by Keefe Bruyette & Woods.

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

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

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