Convergence Investment Partners Has Increased Its Position in Prudential Finl (PRU) by $2.52 Million as Stock Value Declined; Willingdon Wealth Management Has Raised Its Position in Hanesbrands (HBI) by $510,264 as Market Valuation Declined

August 12, 2018 - By Margaret Guttierez

Hanesbrands Inc. (NYSE:HBI) Logo

Convergence Investment Partners Llc increased its stake in Prudential Finl Inc (PRU) by 156.17% based on its latest 2018Q1 regulatory filing with the SEC. Convergence Investment Partners Llc bought 24,491 shares as the company’s stock declined 9.17% with the market. The institutional investor held 40,173 shares of the finance company at the end of 2018Q1, valued at $4.16 million, up from 15,682 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Prudential Finl Inc for a number of months, seems to be bullish on the $40.51B market cap company. The stock decreased 2.97% or $2.97 during the last trading session, reaching $96.97. About 2.39 million shares traded or 21.91% up from the average. Prudential Financial, Inc. (NYSE:PRU) has declined 5.66% since August 12, 2017 and is downtrending. It has underperformed by 18.23% the S&P500. Some Historical PRU News: 19/04/2018 – DJ Prudential Financial Inc, Inst Holders, 1Q 2018 (PRU); 30/04/2018 – Two Montana youth honored for volunteerism at national award ceremony in Washington, D.C; 09/05/2018 – Hawaii Renews Agreement With Prudential Retirement to Manage $2.4 B Plan; 15/03/2018 – Moody’s: US insurers gradual adoption of sustainable and responsible investing is net credit positive; 04/05/2018 – Prudential Financial Buys New 8% Position in Tidewater; 30/04/2018 – Two Arizona youth honored for volunteerism at national award ceremony in Washington, D.C; 30/04/2018 – Brandon Warren of Indianapolis, Indiana named one of America’s top 10 youth volunteers of 2018; 30/04/2018 – Madison Strempek of Crofton, Maryland named one of America’s top 10 youth volunteers of 2018; 30/04/2018 – Two Tennessee youth honored for volunteerism at national award ceremony in Washington, D.C; 29/05/2018 – LESTON WELSH JOINS PRUDENTIAL GROUP INSURANCE AS HEAD OF DISABILITY AND ABSENCE MANAGEMENT

Willingdon Wealth Management increased its stake in Hanesbrands Inc (HBI) by 52.93% based on its latest 2018Q1 regulatory filing with the SEC. Willingdon Wealth Management bought 28,348 shares as the company’s stock declined 10.22% with the market. The institutional investor held 81,903 shares of the clothing and shoe and accessory stores company at the end of 2018Q1, valued at $1.51 million, up from 53,555 at the end of the previous reported quarter. Willingdon Wealth Management who had been investing in Hanesbrands Inc for a number of months, seems to be bullish on the $6.71 billion market cap company. The stock decreased 0.85% or $0.16 during the last trading session, reaching $18.62. About 4.95M shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 10.39% since August 12, 2017 and is downtrending. It has underperformed by 22.96% the S&P500. Some Historical HBI News: 01/05/2018 – Hanesbrands 1Q Adj EPS 26c; 01/05/2018 – Hanesbrands Sees 2018 Full-Year Tax Rate 16%; 01/05/2018 – Hanesbrands Backs 2018 Sales $6.72B-$6.82B; 12/03/2018 – Kangaroo-M to Roam: Hanes’ New Comfort Flex Fit Men’s Boxer Briefs Bring the Pouch to Combat the Ouch

More news for Prudential Financial, Inc. (NYSE:PRU) were recently published by: Businesswire.com, which released: “Prudential, Aviva reach first longevity reinsurance agreement as UK pension de-risking market surges” on August 08, 2018. Seekingalpha.com‘s article titled: “Prudential dips after-hours on Q2 miss” and published on August 01, 2018 is yet another important article.

Investors sentiment decreased to 1.16 in 2018 Q1. Its down 0.02, from 1.18 in 2017Q4. It dropped, as 44 investors sold PRU shares while 270 reduced holdings. 99 funds opened positions while 265 raised stakes. 259.90 million shares or 2.95% less from 267.81 million shares in 2017Q4 were reported. Calamos Advsr Ltd Llc has 267,497 shares. 10,766 were accumulated by Cleararc. Pathstone Family Office Limited Com stated it has 340 shares or 0.02% of all its holdings. Commercial Bank Of Nova Scotia holds 0.03% or 53,779 shares in its portfolio. Meeder Asset Mgmt Inc holds 0.38% of its portfolio in Prudential Financial, Inc. (NYSE:PRU) for 39,770 shares. Martingale Asset Mngmt LP stated it has 10,461 shares or 0.01% of all its holdings. Spc Finance stated it has 2,504 shares. 448,340 are held by D E Shaw Inc. Advantus Capital Inc holds 0.11% or 42,332 shares in its portfolio. Winch Advisory Services Limited Liability Com has invested 0.01% in Prudential Financial, Inc. (NYSE:PRU). Mariner Ltd Com reported 3,215 shares. 1,941 were reported by Lakeview Capital Prns Ltd Liability Corp. 31,454 were accumulated by Ing Groep Nv. Employees Retirement Sys Of Texas holds 0.15% or 110,000 shares. Green Square Ltd Liability Com reported 2,065 shares or 0.03% of all its holdings.

Since February 20, 2018, it had 0 insider buys, and 1 sale for $4.43 million activity.

Among 16 analysts covering Prudential Financial (NYSE:PRU), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Prudential Financial had 60 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Monday, September 11. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Sector Perform” rating given on Thursday, February 11 by RBC Capital Markets. The firm has “Hold” rating by Credit Suisse given on Friday, April 28. The firm has “Neutral” rating by Bank of America given on Wednesday, January 20. As per Friday, September 23, the company rating was upgraded by Goldman Sachs. On Tuesday, October 17 the stock rating was upgraded by Citigroup to “Buy”. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Buy” rating given on Monday, September 7 by Deutsche Bank. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Equal-Weight” rating given on Thursday, April 5 by Morgan Stanley. The firm has “Neutral” rating by Credit Suisse given on Friday, October 7. The stock of Prudential Financial, Inc. (NYSE:PRU) has “Outperform” rating given on Monday, May 16 by FBR Capital.

Convergence Investment Partners Llc, which manages about $492.68M and $767.63 million US Long portfolio, decreased its stake in Murphy Oil Corp (NYSE:MUR) by 13,570 shares to 24,025 shares, valued at $621,000 in 2018Q1, according to the filing. It also reduced its holding in Wellcare Health Plans Inc (NYSE:WCG) by 16,866 shares in the quarter, leaving it with 137 shares, and cut its stake in Block H & R Inc (NYSE:HRB).

Investors sentiment decreased to 0.87 in 2018 Q1. Its down 0.24, from 1.11 in 2017Q4. It dived, as 74 investors sold HBI shares while 192 reduced holdings. 60 funds opened positions while 171 raised stakes. 338.62 million shares or 0.25% more from 337.77 million shares in 2017Q4 were reported. Regions Financial accumulated 0% or 13,353 shares. Yorktown Management And invested 0.22% of its portfolio in Hanesbrands Inc. (NYSE:HBI). Greenwood Gearhart Inc owns 198,495 shares. 193,681 were accumulated by Engineers Gate Manager Lp. Ent Financial Ser has invested 0.01% in Hanesbrands Inc. (NYSE:HBI). M Kraus And Communications holds 1.38% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 117,540 shares. Sequoia Advisors Ltd Liability Corp invested in 18,147 shares. Chevy Chase Trust Hldgs Inc owns 698,550 shares for 0.06% of their portfolio. Carret Asset Ltd Liability Com holds 68,868 shares or 0.21% of its portfolio. Stone Ridge Asset Mngmt Limited Liability invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Moreover, Davenport & Commerce Limited Liability Co has 0% invested in Hanesbrands Inc. (NYSE:HBI) for 14,614 shares. Moreover, Omers Administration Corp has 1.02% invested in Hanesbrands Inc. (NYSE:HBI) for 5.67 million shares. Estabrook Mngmt invested in 10,499 shares or 0% of the stock. 79,227 are owned by Selway Asset Mngmt. 213,198 were accumulated by Tocqueville Asset Management Limited Partnership.

Willingdon Wealth Management, which manages about $239.04M and $316.40 million US Long portfolio, decreased its stake in Coca Cola Co (NYSE:KO) by 16,693 shares to 57,130 shares, valued at $2.48M in 2018Q1, according to the filing. It also reduced its holding in Ishares Tr (HYG) by 10,104 shares in the quarter, leaving it with 34,825 shares, and cut its stake in Ares Cap Corp (NASDAQ:ARCC).

Among 21 analysts covering Hanesbrands (NYSE:HBI), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Hanesbrands had 68 analyst reports since September 17, 2015 according to SRatingsIntel. Bank of America maintained Hanesbrands Inc. (NYSE:HBI) rating on Thursday, August 2. Bank of America has “Neutral” rating and $20 target. Cowen & Co maintained Hanesbrands Inc. (NYSE:HBI) on Thursday, August 24 with “Hold” rating. Citigroup maintained Hanesbrands Inc. (NYSE:HBI) rating on Wednesday, May 2. Citigroup has “Neutral” rating and $19 target. FBR Capital maintained the stock with “Buy” rating in Thursday, February 8 report. Stifel Nicolaus upgraded Hanesbrands Inc. (NYSE:HBI) on Sunday, April 22 to “Buy” rating. The rating was downgraded by Oppenheimer on Tuesday, October 24 to “Perform”. Wells Fargo maintained the stock with “Market Perform” rating in Friday, February 9 report. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Outperform” rating by Oppenheimer on Friday, October 16. The firm has “Buy” rating given on Thursday, November 2 by Buckingham Research. Nomura maintained the stock with “Neutral” rating in Thursday, November 2 report.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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