Alliance Capital Management L.P. (NYSE:AB).
Renaissance Technologies LLC says it raised its stake in Alliance Capital Management L.P. stock by 91,600 shares as of the end of the last quarter. Its stake was worth $5,402,000 an increase of $2,311,000 as of quarter end.
Here are a few institutional investors who have updated their positions. As of quarter end Jpmorgan Chase & Co had acquired a total of 1,000 shares growing its holdings by 6.4%. The value of the total investment in Alliance Capital Management L.P. went from $367,000 to $403,000 a change of 9.8% since the last quarter. Janney Montgomery Scott LLC expanded its holdings by buying 271 shares an increase of 0.3% in the quarter. Janney Montgomery Scott LLC owns 78,701 shares valued at $1,912,000. The value of the position overall is up by 3.1%.
As of the end of the quarter Goldman Sachs Group Inc had sold 9,602 shares trimming its stake by 9.9%. The value in dollars decreased from $2,288,000 to $2,117,000 decreasing 7.5% quarter over quarter.
August 11 investment analysts at Credit Suisse Group kept a “Neutral” rating on the company.
The company is now up from yesterday’s close of 25.25. The P/E ratio is 12.10 and market capitalization is 2.39B. In the last earnings report the EPS was $2.11 with 93.53M shares now outstanding.
Investors are a little more bullish on Alliance Capital Management L.P. recently as inferred by the motion in short interest. The firm recorded a fall in short interest of -2.97% as of October 31, 2017 from the last reporting period. Short interest decreased from 911,435 to 884,354 over that period. Days to cover decreased from 6.0 to 3.0 and the percentage of shorted shares is 0.01% as of October 31.Advertisement