Icici Bank Ltd (NYSE:IBN).
Thornburg Investment Management Inc reports that it sold 1,231,318 shares in quarter ending 09/30/2017 decreasing its exposure to Icici Bank Ltd by 28.0%. Its position stood at $27,074,000 a decrease of $12,342,000 according to the filing.
Here are a few institutional investors who have updated their positions. As of quarter end Greenleaf Trust had bought 29,387 shares growing its stake by 156.3%. The value of the total investment in Icici Bank Ltd increased from $169,000 to $413,000 a change of 144.4% quarter to quarter. As of the end of the quarter Raymond James & Associates had acquired a total of 102,680 shares growing its holdings by 38.6%. The value of the investment in (IBN) went from $2,384,000 to $3,154,000 increasing 32.3% since the last quarter.
Marshall Wace LLP trimmed its position by shedding 562,055 shares a decrease of 25.5% as of 09/30/2017. Marshall Wace LLP claims 1,638,408 shares valued at $14,746,000. The value of the position overall is down by 25.5%.
The company is now up by 0.52% since yesterday’s close of 9.53. Icici Bank Ltd currently has a P/E ratio of 32.36 and market cap is 31.01B. As of the last earnings report the EPS was $0.30 with 6.41B shares outstanding.
Investors are feeling more bearish on the company lately as shown by the motion in short interest. The stock had a rise in short interest from October 13, 2017 to October 31, 2017 of 1.15%. Short interest grew from 4,417,333 to 4,468,263 over that period. With short interest at 4,468,263 and short average daily volume at 18,371,709, the short-interest ratio is 0.0 and the percentage of shorted shares is 0.00% as of October 31.