Banque Pictet & Cie Sa Has Upped Its Quanta Svcs (PWR) Holding; Shorts at Icici Bank Limited (IBN) Raised By 2.64%

August 10, 2018 - By Catherine Diaz

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Icici Bank Limited (NYSE:IBN) had an increase of 2.64% in short interest. IBN’s SI was 5.89M shares in August as released by FINRA. Its up 2.64% from 5.74M shares previously. With 8.39M avg volume, 1 days are for Icici Bank Limited (NYSE:IBN)’s short sellers to cover IBN’s short positions. The SI to Icici Bank Limited’s float is 0.19%. The stock decreased 2.20% or $0.22 during the last trading session, reaching $9.56. About 920,593 shares traded. ICICI Bank Limited (NYSE:IBN) has declined 2.16% since August 10, 2017 and is downtrending. It has underperformed by 14.73% the S&P500. Some Historical IBN News: 29/03/2018 – ICICI Bank Clarification on RBI Penalty: “The Bank Continues to Give Utmost Importance to Regulatory Compliance; 03/04/2018 – BRIEF-India’s Enforcement Directorate Starts Probe In ICICI Bank-Videocon Matter – CNBC TV-18, Citing; 07/05/2018 – ICICI BANK APPROVES OFFERING DEBENTURES/BONDS UP TO INR250B; 30/03/2018 – SEBI IS SAID TO LOOK INTO ICICI CONFLICT OF INTEREST: BS; 03/04/2018 – MEDIA-Some of India’s ICICI Bank borrowers get debt recast done via Avista – PTI in Economic Times; 08/05/2018 – MEDIA-India govt wants to keep hands off ICICI Bank row for now – Economic Times; 02/04/2018 – ICICI CLARIFIES ON REPORT OF PROBE BY ENFORCEMENT DIRECTORATE; 07/05/2018 – ICICI BANK 4Q NET INTEREST MARGIN 3.14%; 13/03/2018 – ICICI Securities Lowers Valuation Ahead Of Primary Market Debut Next Week; 02/04/2018 – INDIA FEDERAL POLICE HASN’T SOUGHT REPLY FROM ICICI’S KOCHHAR

Banque Pictet & Cie Sa increased Quanta Svcs Inc (PWR) stake by 211.52% reported in 2018Q1 SEC filing. Banque Pictet & Cie Sa acquired 40,189 shares as Quanta Svcs Inc (PWR)’s stock declined 0.20%. The Banque Pictet & Cie Sa holds 59,189 shares with $2.03M value, up from 19,000 last quarter. Quanta Svcs Inc now has $5.13 billion valuation. The stock decreased 1.44% or $0.5 during the last trading session, reaching $34.2. About 51,196 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since August 10, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 03/05/2018 – QUANTA SERVICES INC – INCREASES 2018 REVENUE AND EARNINGS PER SHARE EXPECTATIONS; 03/05/2018 – Quanta Services Sees 2018 Rev $9.95B-$10.55B; 10/04/2018 – TAIWAN’S QUANTA COMPUTER 2382.TW SAYS MARCH SALES DOWN 2.65 PCT Y/Y; 03/05/2018 – Quanta Services 1Q Adj EPS 40c; 03/05/2018 – Quanta Services 1Q Net $37.6M; 03/05/2018 – QUANTA SERVICES INC PWR.N SEES FY 2018 ADJUSTED NON-GAAP SHR $2.55 TO $2.95

Banque Pictet & Cie Sa decreased Spdr Index Shs Fds (FEZ) stake by 59,805 shares to 122,300 valued at $4.93M in 2018Q1. It also reduced Ishares Inc (EWW) stake by 14,500 shares and now owns 42,557 shares. Spdr Gold Trust (GLD) was reduced too.

Among 5 analysts covering Quanta Services (NYSE:PWR), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Quanta Services had 6 analyst reports since February 23, 2018 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, February 23 by KeyBanc Capital Markets. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Hold” rating by Robert W. Baird on Thursday, February 22. FBR Capital maintained the stock with “Buy” rating in Monday, February 26 report. Credit Suisse maintained Quanta Services, Inc. (NYSE:PWR) rating on Friday, February 23. Credit Suisse has “Outperform” rating and $42 target. The firm has “Buy” rating given on Monday, August 6 by FBR Capital.

ICICI Bank Limited, together with its subsidiaries, provides banking and financial services in India and internationally. The company has market cap of $31.35 billion. It operates through Retail Banking, Wholesale Banking, Treasury, Other Banking, Life Insurance, General Insurance, and Others divisions. It has a 27.3 P/E ratio. The firm offers savings, salary, pension, current, other accounts; and fixed, recurring, and security deposits.

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