Bank Of America (BAC) Shareholder Cim Investment Mangement Has Increased Stake by $376,565 as Valuation Declined; As Glu Mobile (GLUU) Market Value Rose, Marathon Capital Management Cut Its Holding

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Marathon Capital Management decreased its stake in Glu Mobile Inc (GLUU) by 14.15% based on its latest 2018Q3 regulatory filing with the SEC. Marathon Capital Management sold 56,375 shares as the company’s stock rose 2.31% while stock markets declined. The institutional investor held 342,150 shares of the edp services company at the end of 2018Q3, valued at $2.55M, down from 398,525 at the end of the previous reported quarter. Marathon Capital Management who had been investing in Glu Mobile Inc for a number of months, seems to be less bullish one the $1.34B market cap company. The stock decreased 1.68% or $0.16 during the last trading session, reaching $9.36. About 1.56M shares traded. Glu Mobile Inc. (NASDAQ:GLUU) has risen 75.12% since February 14, 2018 and is uptrending. It has outperformed by 75.12% the S&P500. Some Historical GLUU News: 01/05/2018 – Glu Mobile 1Q Loss/Shr 5c; 30/04/2018 – Glu to Participate in Upcoming Conferences; 07/05/2018 – Glu Mobile Presenting at Conference Tomorrow; 01/05/2018 – GLU MOBILE SEES 2Q BOOKINGS $90M TO $92M; 01/05/2018 – Glu Mobile 1Q Rev $81.4M; 01/05/2018 – Glu Mobile: Raises 2018 Bookings Guidance to$360M-$370M; 01/05/2018 – GLU MOBILE 1Q LOSS/SHR 5C, EST. EPS 2C; 17/04/2018 – Glu Mobile Rises for 7 Days; Longest Winning Streak in 6 Years; 15/05/2018 – Nokomis Capital Buys New 1.4% Position in Glu Mobile; 14/03/2018 Glu Mobile Announces New Employment Inducement Awards

Cim Investment Mangement Inc increased its stake in Bank Of America Corp (BAC) by 17.04% based on its latest 2018Q3 regulatory filing with the SEC. Cim Investment Mangement Inc bought 12,985 shares as the company’s stock declined 19.66% with the market. The institutional investor held 89,176 shares of the major banks company at the end of 2018Q3, valued at $2.63 million, up from 76,191 at the end of the previous reported quarter. Cim Investment Mangement Inc who had been investing in Bank Of America Corp for a number of months, seems to be bullish on the $277.51B market cap company. The stock increased 0.03% or $0.01 during the last trading session, reaching $28.7. About 48.95M shares traded. Bank of America Corporation (NYSE:BAC) has declined 13.97% since February 14, 2018 and is downtrending. It has underperformed by 13.97% the S&P500. Some Historical BAC News: 16/05/2018 – Vital Therapies at Bank of America Conference Tomorrow; 13/03/2018 – eFinancial JP: Bank of America lost two of its most senior equity derivatives traders; 06/04/2018 – MAIDEN HOLDINGS APPOINTS BOFA MERRILL LYNCH TO MANAGE STRATEGIC REVIEW PROCESS; 25/04/2018 – BOFA SHAREHOLDERS APPROVE SAY-ON-PAY PROPOSAL; 07/05/2018 – KCS’ Mike Upchurch to Address the Bank of America Merrill Lynch 2018 Transportation Conference; 09/05/2018 – Genomic Health Presenting at Bank of America Conference May 16; 15/05/2018 – Service Corp Presenting at Bank of America Conference Tomorrow; 21/05/2018 – Lam Research Presenting at Bank of America Conference Jun 6; 16/05/2018 – Hedge Funds Buy VICI Properties, Sell BofA in Financials: 13F; 19/03/2018 – U.S. Investment Grade Bond Sales Fall 13% This Year, BofA Leads

Cim Investment Mangement Inc, which manages about $1.03 billion and $280.17 million US Long portfolio, decreased its stake in Int’l Bus Machines (NYSE:IBM) by 4,412 shares to 10,286 shares, valued at $1.56M in 2018Q3, according to the filing. It also reduced its holding in Johnson & Johnson (NYSE:JNJ) by 4,250 shares in the quarter, leaving it with 4,253 shares, and cut its stake in Broadcom Ltd.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Benzinga.com which released: “(AAL), Bank of America Corporation (NYSE:BAC) – PreMarket Prep: Airlines And Banks Go Up, Up, And Away – Benzinga” on January 17, 2019, also Benzinga.com with their article: “Bank of America Corporation (NYSE:BAC), BB&T Corporation (NYSE:BBT) – In Wake Of SunTrust/BB&T Merger, Financials Weak On Lower Bond Yields – Benzinga” published on February 08, 2019, Seekingalpha.com published: “Bank Of America: Asymmetric Risk-Reward Opportunity – Seeking Alpha” on January 25, 2019. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Seekingalpha.com and their article: “Bank Of America: Dividend Growth You Can Take To The Bank – Seeking Alpha” published on January 17, 2019 as well as Seekingalpha.com‘s news article titled: “Bank of America Q4 2018 Earnings Preview – Seeking Alpha” with publication date: January 15, 2019.

Among 33 analysts covering Bank of America (NYSE:BAC), 22 have Buy rating, 0 Sell and 11 Hold. Therefore 67% are positive. Bank of America had 118 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Bank of America Corporation (NYSE:BAC) has “Neutral” rating given on Tuesday, August 25 by Robert W. Baird. On Tuesday, October 3 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. The stock has “Buy” rating by Citigroup on Tuesday, July 19. Jefferies maintained Bank of America Corporation (NYSE:BAC) rating on Thursday, September 14. Jefferies has “Buy” rating and $28.0 target. As per Monday, April 16, the company rating was initiated by Vining Sparks. On Tuesday, December 5 the stock rating was maintained by Raymond James with “Buy”. As per Tuesday, July 18, the company rating was maintained by BMO Capital Markets. The rating was maintained by Keefe Bruyette & Woods on Wednesday, April 4 with “Buy”. Berenberg downgraded the shares of BAC in report on Monday, April 24 to “Hold” rating. The firm earned “Hold” rating on Tuesday, January 2 by Robert W. Baird.

Investors sentiment decreased to 0.84 in 2018 Q3. Its down 0.17, from 1.01 in 2018Q2. It fall, as 57 investors sold BAC shares while 649 reduced holdings. 123 funds opened positions while 473 raised stakes. 6.37 billion shares or 1.73% less from 6.48 billion shares in 2018Q2 were reported. Woodmont Inv Counsel Ltd Liability Corporation holds 13,553 shares or 0.11% of its portfolio. Moreover, Wills Fincl Inc has 0.15% invested in Bank of America Corporation (NYSE:BAC) for 7,710 shares. Spinnaker Trust owns 35,778 shares. Jpmorgan Chase invested in 0.95% or 167.53 million shares. Moreover, Burke Herbert Bancorp Trust has 1.22% invested in Bank of America Corporation (NYSE:BAC). Appleton Prns Ma invested 1.3% in Bank of America Corporation (NYSE:BAC). Cibc Financial Bank Usa reported 72,687 shares. Van Cleef Asset Managementinc owns 32,783 shares for 0.22% of their portfolio. Lafayette invested in 70,449 shares or 0.72% of the stock. Caisse De Depot Et Placement Du Quebec reported 3.08 million shares. Ipg Investment Advisors Limited reported 0% stake. 4,390 were accumulated by Hilton Cap Mgmt Ltd Liability Corp. Bnp Paribas Asset Holdings reported 0.4% of its portfolio in Bank of America Corporation (NYSE:BAC). Invesco holds 0.69% or 74.92M shares in its portfolio. D E Shaw And holds 6.74M shares.

Since October 8, 2018, it had 0 insider buys, and 4 sales for $2.90 million activity. de Masi Niccolo sold $626,483 worth of stock or 89,310 shares. 39,903 shares were sold by Akhavan Chris, worth $322,931 on Wednesday, November 7. On Monday, October 8 the insider MATHER ANN sold $630,700.

Among 13 analysts covering Glu Mobile (NASDAQ:GLUU), 7 have Buy rating, 0 Sell and 6 Hold. Therefore 54% are positive. Glu Mobile had 46 analyst reports since August 5, 2015 according to SRatingsIntel. Wedbush maintained the shares of GLUU in report on Friday, July 29 with “Neutral” rating. Cowen & Co maintained Glu Mobile Inc. (NASDAQ:GLUU) on Wednesday, August 2 with “Buy” rating. On Monday, October 30 the stock rating was maintained by Canaccord Genuity with “Hold”. The firm has “Hold” rating given on Friday, November 6 by Canaccord Genuity. Roth Capital maintained Glu Mobile Inc. (NASDAQ:GLUU) rating on Friday, July 28. Roth Capital has “Buy” rating and $3.7500 target. The stock has “Hold” rating by Canaccord Genuity on Thursday, November 2. The stock of Glu Mobile Inc. (NASDAQ:GLUU) has “Neutral” rating given on Tuesday, December 8 by Wedbush. As per Monday, April 30, the company rating was maintained by Stifel Nicolaus. Roth Capital maintained it with “Buy” rating and $4.75 target in Tuesday, October 3 report. The rating was maintained by Stifel Nicolaus on Tuesday, October 31 with “Buy”.

Bank of America Corporation (NYSE:BAC) Institutional Positions Chart

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