Trust Company Of Virginia Has Trimmed Abbvie (ABBV) Stake by $386,860; Towle & Co Increases Position in M/I Homes (MHO) – The FinExaminer

AbbVie Inc. (NYSE:ABBV) Logo

Trust Company Of Virginia decreased its stake in Abbvie Inc (ABBV) by 21.35% based on its latest 2018Q4 regulatory filing with the SEC. Trust Company Of Virginia sold 4,205 shares as the company’s stock declined 10.66% while stock markets rallied. The institutional investor held 15,489 shares of the major pharmaceuticals company at the end of 2018Q4, valued at $1.43M, down from 19,694 at the end of the previous reported quarter. Trust Company Of Virginia who had been investing in Abbvie Inc for a number of months, seems to be less bullish one the $116.15B market cap company. The stock increased 0.85% or $0.66 during the last trading session, reaching $78.74. About 6.13 million shares traded. AbbVie Inc. (NYSE:ABBV) has declined 30.20% since March 12, 2018 and is downtrending. It has underperformed by 34.57% the S&P500. Some Historical ABBV News: 02/05/2018 – Positive Federal Legislation Could Lead to Exponential Growth in Marijuana and CBD Industry; 09/04/2018 – STAT Plus: Pharmalittle: Novartis pays $9 billion for gene therapy company; Merck’s Keytruda scores a win; 26/04/2018 – AbbVie Rises on Hepatitis C Beat, Alexion on Study: Health Wrap; 30/05/2018 – AbbVie Announces Updated Preliminary Results of Tender Offer; 26/04/2018 – AbbVie Sees FY EPS $6.82-EPS $6.92; 25/05/2018 – IMFINZI(R) (Durvalumab) Significantly Improves Overall Survival in the Phase III Pacific Trial for Unresectable Stage III Non-Small Cell Lung Cancer; 08/05/2018 – ONCOSEC EXPANDS RELATIONSHIP WITH MERCK, ANNOUNCES CLINICAL COLLABORATION TO EVALUATE COMBINATION OF IMMUNOPULSE IL-12 AND KEYTRUDA FOR TRIPLE NEGATIVE BREAST CANCER; 09/05/2018 – Immuno-Oncology Treatment Imfinzi for Stage III, Unresectable Non-Small Cell Lung Cancer Now Approved in Canada; 24/04/2018 – AstraZeneca: Imfinzi Monotherapy Wasn’t Powered for Statistical Significance; 25/04/2018 – AbbVie Submits Biologics License Application to U.S. FDA for Investigational Treatment Risankizumab for Moderate to Severe Plaq

Towle & Co increased its stake in M/I Homes Inc (MHO) by 44.55% based on its latest 2018Q4 regulatory filing with the SEC. Towle & Co bought 336,380 shares as the company’s stock rose 8.69% with the market. The institutional investor held 1.09M shares of the capital goods company at the end of 2018Q4, valued at $22.94 million, up from 755,030 at the end of the previous reported quarter. Towle & Co who had been investing in M/I Homes Inc for a number of months, seems to be bullish on the $729.87 million market cap company. The stock decreased 0.26% or $0.07 during the last trading session, reaching $26.52. About 146,561 shares traded. M/I Homes, Inc. (NYSE:MHO) has declined 10.96% since March 12, 2018 and is downtrending. It has underperformed by 15.33% the S&P500. Some Historical MHO News: 21/05/2018 – M I Acquisitions, Inc. Announces Date of Annual Meeting of Shareholders and Record Date; 25/04/2018 – M/I Homes 1Q Rev $437.9M; 25/04/2018 – M/I Homes Closes Below 50-Day Moving Average: Technicals; 25/04/2018 – M/I Homes 1Q New Contracts Increased 20%; 25/04/2018 – M/I Homes 1Q EPS 60c; 14/03/2018 M I Acquisitions, Inc. Announces Additional Contribution to Trust Account to Extend Period to Consummate Business Combination; 19/04/2018 – DJ M I Acquisitions Inc, Inst Holders, 1Q 2018 (MACQ); 20/04/2018 – DJ M I ACQUISITIONS INC UNIT, Inst Holders, 1Q 2018 (MACQU); 25/04/2018 – M/I HOMES 1Q REV. $438M, EST. $460.0M (2 EST.); 23/04/2018 – DJ M/I Homes Inc, Inst Holders, 1Q 2018 (MHO)

More notable recent M/I Homes, Inc. (NYSE:MHO) news were published by: Seekingalpha.com which released: “M/I Homes, Inc. (MHO) CEO Bob Schottenstein on Q3 2018 Results – Earnings Call Transcript – Seeking Alpha” on October 24, 2018, also Investorplace.com with their article: “6 Housing Stocks to Invest In If You Believe In the Economy – Investorplace.com” published on October 23, 2018, Benzinga.com published: “Benzinga’s Top Upgrades, Downgrades For February 6, 2019 – Benzinga” on February 06, 2019. More interesting news about M/I Homes, Inc. (NYSE:MHO) were released by: Globenewswire.com and their article: “Factors of Influence in 2019, Key Indicators and Opportunity within Micron Technology, Agilent Technologies, CBL & Associates Properties, Ladder Capital, Control4, and M/I Homes — New Research Emphasizes Economic Growth – GlobeNewswire” published on February 14, 2019 as well as Investorplace.com‘s news article titled: “17 Small-Cap Stocks That Could Double – Investorplace.com” with publication date: October 02, 2018.

Since February 7, 2019, it had 0 insider purchases, and 1 sale for $293,341 activity.

Towle & Co, which manages about $544.94M and $775.17M US Long portfolio, decreased its stake in Renewable Energy Group Inc (NASDAQ:REGI) by 531,350 shares to 1.05M shares, valued at $26.95M in 2018Q4, according to the filing. It also reduced its holding in Trinseo S A (NYSE:TSE) by 15,360 shares in the quarter, leaving it with 1.02 million shares, and cut its stake in Triumph Group Inc New (NYSE:TGI).

Investors sentiment increased to 0.97 in 2018 Q4. Its up 0.08, from 0.89 in 2018Q3. It improved, as 11 investors sold MHO shares while 48 reduced holdings. 17 funds opened positions while 40 raised stakes. 26.60 million shares or 0.99% less from 26.87 million shares in 2018Q3 were reported. Globeflex Capital Lp reported 0.1% of its portfolio in M/I Homes, Inc. (NYSE:MHO). James Investment Rech Inc stated it has 21,590 shares. Metropolitan Life Ins New York reported 0% in M/I Homes, Inc. (NYSE:MHO). Thomson Horstmann And Bryant holds 0.61% or 196,065 shares. Pnc Financial Grp Inc Inc reported 0% stake. Wellington Management Gru Llp has 0% invested in M/I Homes, Inc. (NYSE:MHO). Thrivent For Lutherans holds 0% of its portfolio in M/I Homes, Inc. (NYSE:MHO) for 20,420 shares. Quantbot Techs Limited Partnership has invested 0.01% in M/I Homes, Inc. (NYSE:MHO). Moreover, California Pub Employees Retirement has 0% invested in M/I Homes, Inc. (NYSE:MHO). Credit Suisse Ag accumulated 36,900 shares. Oregon Public Employees Retirement Fund owns 223,211 shares. Denali Advsrs Limited Liability Corp, California-based fund reported 63 shares. 55,864 were accumulated by Prudential Financial Inc. Mutual Of America Management Lc reported 0% of its portfolio in M/I Homes, Inc. (NYSE:MHO). Blackrock Incorporated has invested 0.01% in M/I Homes, Inc. (NYSE:MHO).

More notable recent AbbVie Inc. (NYSE:ABBV) news were published by: Seekingalpha.com which released: “Voyager up 16% premarket on AbbVie deal – Seeking Alpha” on February 22, 2019, also Seekingalpha.com with their article: “Bert’s Recent Purchase – AbbVie – Seeking Alpha” published on February 17, 2019, Seekingalpha.com published: “Teva settlement with FTC resolves all litigation – Seeking Alpha” on February 19, 2019. More interesting news about AbbVie Inc. (NYSE:ABBV) were released by: Seekingalpha.com and their article: “Trump 2020 drug pricing initiatives – part 2 – Seeking Alpha” published on March 12, 2019 as well as Seekingalpha.com‘s news article titled: “Raymond James bullish on Teva after Q4 report – Seeking Alpha” with publication date: February 14, 2019.

Since November 29, 2018, it had 0 buys, and 5 sales for $21.78 million activity. CHASE WILLIAM J had sold 60,000 shares worth $5.40M. On Tuesday, December 11 GONZALEZ RICHARD A sold $1.50 million worth of AbbVie Inc. (NYSE:ABBV) or 16,850 shares. 42,450 shares were sold by Gosebruch Henry O, worth $3.82M.

Trust Company Of Virginia, which manages about $682.95M US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 48,004 shares to 178,423 shares, valued at $12.75 million in 2018Q4, according to the filing. It also increased its holding in Vanguard Index Fds (VB) by 3,371 shares in the quarter, for a total of 190,902 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Investors sentiment increased to 0.83 in Q4 2018. Its up 0.01, from 0.82 in 2018Q3. It improved, as 60 investors sold ABBV shares while 631 reduced holdings. 129 funds opened positions while 444 raised stakes. 996.27 million shares or 0.22% more from 994.12 million shares in 2018Q3 were reported. First Quadrant Ltd Partnership Ca stated it has 0.35% in AbbVie Inc. (NYSE:ABBV). Vestor Cap Ltd Liability holds 0.36% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 17,921 shares. Grassi Investment Management invested in 133,435 shares. Orbis Invest (Us) Limited Partnership reported 12.98% of its portfolio in AbbVie Inc. (NYSE:ABBV). Harvest Management Inc stated it has 6,096 shares. 13,035 were accumulated by Wagner Bowman Mgmt. Greatmark Investment Partners Inc has invested 0.96% in AbbVie Inc. (NYSE:ABBV). Columbia Asset Mngmt reported 0.97% stake. The Ohio-based Budros Ruhlin Roe Inc has invested 0.06% in AbbVie Inc. (NYSE:ABBV). Baker Avenue Asset Limited Partnership accumulated 30,834 shares. Blackhill Capital invested in 177,170 shares. Hodges Cap Mgmt invested in 0.36% or 34,492 shares. Bender Robert And Associates has invested 2.97% of its portfolio in AbbVie Inc. (NYSE:ABBV). Dimensional Fund Advsrs Lp invested in 0.16% or 3.81M shares. Westwood Gp Incorporated owns 8,756 shares or 0.01% of their US portfolio.

Analysts await AbbVie Inc. (NYSE:ABBV) to report earnings on April, 25. They expect $2.05 EPS, up 9.63% or $0.18 from last year’s $1.87 per share. ABBV’s profit will be $3.02B for 9.60 P/E if the $2.05 EPS becomes a reality. After $1.90 actual EPS reported by AbbVie Inc. for the previous quarter, Wall Street now forecasts 7.89% EPS growth.

M/I Homes, Inc. (NYSE:MHO) Institutional Positions Chart

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Source: https://finexaminer.com/2019/03/12/trust-company-of-virginia-has-trimmed-abbvie-abbv-stake-by-386860-towle-co-increases-position-in-m-i-homes-mho/


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