Privatebancorp INC (PVTB) Stock Rose While Hutchin Hill Capital LP Has Cut Stake

September 20, 2017 - By Maria Brooks

Investors sentiment increased to 0.95 in 2016 Q4. Its up 0.36, from 0.59 in 2016Q3. It increased, as 30 investors sold PVTB shares while 85 reduced holdings. 48 funds opened positions while 61 raised stakes. 64.08 million shares or 3.89% less from 66.67 million shares in 2016Q3 were reported. Fmr holds 0% or 26,700 shares in its portfolio. The Illinois-based Hightower Advisors Limited Liability Corporation has invested 0% in PrivateBancorp Inc (NASDAQ:PVTB). Hgk Asset Mgmt, a New Jersey-based fund reported 11,979 shares. Samlyn Limited Liability Company holds 1.04 million shares or 1.28% of its portfolio. Susquehanna Ltd Liability Partnership holds 0% or 86,028 shares in its portfolio. Tiaa Cref Invest Mgmt Llc stated it has 0.01% in PrivateBancorp Inc (NASDAQ:PVTB). Messner And Smith Theme Value Mgmt Ca has 2.35% invested in PrivateBancorp Inc (NASDAQ:PVTB) for 26,551 shares. Perella Weinberg Ptnrs Management Limited Partnership has invested 0.73% of its portfolio in PrivateBancorp Inc (NASDAQ:PVTB). Gemmer Asset Mngmt Ltd Liability, California-based fund reported 252 shares. Moreover, Oregon Public Employees Retirement Fund has 0.03% invested in PrivateBancorp Inc (NASDAQ:PVTB) for 27,403 shares. Bridgeway Cap reported 61,600 shares. Illinois-based Oberweis Asset Management has invested 0.15% in PrivateBancorp Inc (NASDAQ:PVTB). Natixis reported 6,103 shares or 0% of all its holdings. Creative Planning reported 145 shares. Bancorp Of Mellon invested 0.01% of its portfolio in PrivateBancorp Inc (NASDAQ:PVTB).

Since June 8, 2017, it had 0 insider purchases, and 9 selling transactions for $54.33 million activity. Van Solkema Kevin also sold $6.98M worth of PrivateBancorp Inc (NASDAQ:PVTB) on Monday, June 12. Lubin Bruce S. had sold 130,960 shares worth $7.92M on Friday, June 9. $1.78 million worth of PrivateBancorp Inc (NASDAQ:PVTB) shares were sold by BOBINS NORMAN. Evans Jennifer sold $4.25M worth of PrivateBancorp Inc (NASDAQ:PVTB) on Friday, June 16. On Thursday, June 8 Richman Larry D. sold $18.68M worth of PrivateBancorp Inc (NASDAQ:PVTB) or 312,679 shares. Killips Kevin M sold 100,337 shares worth $6.05M.

Neil Chriss decreased its stake in Privatebancorp Inc (PVTB) by 76.82% based on its latest 2016Q4 regulatory filing with the SEC. Hutchin Hill Capital Lp sold 1.85 million shares as the company’s stock rose 5.27% with the market. The hedge fund run by Neil Chriss held 557,327 shares of the finance company at the end of 2016Q4, valued at $30.20 million, down from 2.40 million at the end of the previous reported quarter. Hutchin Hill Capital Lp who had been investing in Privatebancorp Inc for a number of months, seems to be less bullish one the $4.86 billion market cap company. It closed at $60.97 lastly. It is down 46.55% since September 20, 2016 and is uptrending. It has outperformed by 29.85% the S&P500.

Hutchin Hill Capital Lp, which manages about $6.73 billion and $2.89 billion US Long portfolio, upped its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA) by 180,070 shares to 290,070 shares, valued at $10.52 million in 2016Q4, according to the filing. It also increased its holding in Atwood Oceanics Inc (NYSE:ATW) by 267,200 shares in the quarter, for a total of 391,400 shares, and has risen its stake in Celanese Corp Del (NYSE:CE).

More notable recent PrivateBancorp Inc (NASDAQ:PVTB) news were published by: Prnewswire.com which released: “PrivateBancorp, Inc. Announces Intent to Delist, Deregister and Redeem Debt …” on June 12, 2017, also Foxbusiness.com with their article: “CIBC Earnings Beat Expectations After PrivateBancorp Purchase” published on August 24, 2017, Nasdaq.com published: “Privatebancorp Inc (PVTB) President and CEO Larry D. Richman Sold $18.7 …” on June 10, 2017. More interesting news about PrivateBancorp Inc (NASDAQ:PVTB) were released by: Gurufocus.com and their article: “Davidson Kempner Capital Management LP Buys Altaba Inc, Vistra Energy Corp …” published on September 15, 2017 as well as Law360.com‘s news article titled: “PrivateBancorp Investors Seek Appraisal Of $4.9B Merger” with publication date: August 28, 2017.

PrivateBancorp Inc (NASDAQ:PVTB) Ratings Coverage

Among 12 analysts covering Privatebancorp Inc. (NASDAQ:PVTB), 3 have Buy rating, 0 Sell and 9 Hold. Therefore 25% are positive. Privatebancorp Inc. had 20 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Zacks given on Friday, September 4. The stock of PrivateBancorp Inc (NASDAQ:PVTB) earned “Neutral” rating by Piper Jaffray on Friday, June 10. As per Wednesday, August 19, the company rating was downgraded by Zacks. Zacks downgraded the shares of PVTB in report on Tuesday, August 25 to “Buy” rating. The stock of PrivateBancorp Inc (NASDAQ:PVTB) earned “Outperform” rating by RBC Capital Markets on Wednesday, January 13. The rating was initiated by Stephens with “Equal Weight” on Friday, October 9. The firm has “Hold” rating given on Friday, May 26 by Keefe Bruyette & Woods. The stock of PrivateBancorp Inc (NASDAQ:PVTB) has “Sector Perform” rating given on Thursday, June 30 by RBC Capital Markets. On Friday, June 2 the stock rating was maintained by Jefferies with “Hold”. The firm has “Outperform” rating given on Thursday, February 4 by FIG Partners.

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