Knightsbridge Asset Management Trimmed Holding in American Intl Group (AIG) by $359,370; Delphi Management Has Upped Its Holding in Celanese (CE) as Market Valuation Rose

August 10, 2018 - By Billy Entrekin

Celanese Corporation (NYSE:CE) Logo

Delphi Management Inc increased its stake in Celanese Corp (CE) by 236.96% based on its latest 2018Q1 regulatory filing with the SEC. Delphi Management Inc bought 15,144 shares as the company’s stock rose 10.10% while stock markets declined. The institutional investor held 21,535 shares of the major chemicals company at the end of 2018Q1, valued at $2.16 million, up from 6,391 at the end of the previous reported quarter. Delphi Management Inc who had been investing in Celanese Corp for a number of months, seems to be bullish on the $15.89 billion market cap company. The stock increased 0.49% or $0.57 during the last trading session, reaching $117.65. About 883,063 shares traded. Celanese Corporation (NYSE:CE) has risen 31.06% since August 10, 2017 and is uptrending. It has outperformed by 18.49% the S&P500. Some Historical CE News: 18/05/2018 – Celanese Announces Emulsion Polymers and Acetyls Pdt Price Increases; 16/04/2018 – CELANESE CORP – “CAN GROW ADJUSTED EARNINGS PER SHARE BY 20-25 PERCENT IN 2018”; 18/04/2018 – CELANESE BOOSTS DIV 17%, DECLARES QTRLY DIV; 16/04/2018 – Celanese Raises 2018 Outlook Following Robust Quarter — Market Mover; 30/04/2018 – Celanese to Increase Global VAM and Acetic Acid Production Through New Capacity and Debottlenecking Projects; 30/04/2018 – Celanese Demonstrates the Art of Material Selection at Chinaplas 2018, Asia’s Largest Plastics Trade Show; 16/04/2018 – CELANESE 1Q ADJ EPS $2.79, EST. $2.33; 01/05/2018 – Celanese Sees Engineered Materials Ops Adjusted EBIT Reaching $900M by 2020; 16/04/2018 – CELANESE CORP – QTRLY NET SALES $1.851 MLN VS $1,471 MLN REPORTED LAST YEAR; 19/03/2018 – Celanese Is Abandoning Merger Agreement With Blackstone’s Rhodia Acetow Business

Knightsbridge Asset Management Llc decreased its stake in American Intl Group Inc (AIG) by 4.3% based on its latest 2018Q1 regulatory filing with the SEC. Knightsbridge Asset Management Llc sold 6,655 shares as the company’s stock declined 9.68% with the market. The institutional investor held 148,024 shares of the finance company at the end of 2018Q1, valued at $8.06M, down from 154,679 at the end of the previous reported quarter. Knightsbridge Asset Management Llc who had been investing in American Intl Group Inc for a number of months, seems to be less bullish one the $46.20 billion market cap company. The stock decreased 0.84% or $0.44 during the last trading session, reaching $52. About 3.46M shares traded. American International Group, Inc. (NYSE:AIG) has declined 15.56% since August 10, 2017 and is downtrending. It has underperformed by 28.13% the S&P500. Some Historical AIG News: 03/05/2018 – AIG EXEC SAYS COMPANY IS REBALANCING CASUALTY BOOK AND GETTING OUT OF LEAD EXCESS CASUALTY – CONF CALL; 02/05/2018 – AIG Posts 21% Decline in Net Income; 27/03/2018 – AIG SAYS CEO BRIAN DUPERREAULT’S TOTAL COMPENSATION WAS $43.1 MLN FOR THE PERIOD MAY 14 TO DEC 31, 2017 – SEC FILING; 14/05/2018 – AIG Names Mark D. Lyons as Senior Vice Pres & Chief Actuary, General Insurance; 02/05/2018 – AIG 1Q General Insurance Net Premiums Written $6.17 Billion; 03/05/2018 – AIG AIG.N CEO SAYS PREMIUM LEVELS “WILL STABILIZE THIS YEAR OVER LAST” BY EVALUATING COMPANY’S PORTFOLIO, NOT INCREASING PRODUCTION – CONF CALL; 26/04/2018 – AIG-ANB Cooperative Insurance Advances 7.1%; Volume Doubles; 19/03/2018 – AIG FILES FOR POTENTIAL TWO-PART NOTES OFFERING; SIZE NOT DISCLOSED – SEC FILING; 21/05/2018 – DORSAVI LTD DVL.AX – AIG PC GLOBAL SERVICES, INC. TO PURCHASE VISAFE TECHNOLOGY TO CONDUCT ASSESSMENTS OF THEIR CLIENTS’ MANUAL HANDLING ACTIVITIES; 02/05/2018 – AIG Bd of Directors Declares Common Stk Div of $0.32 Per Shr

Since February 15, 2018, it had 2 buys, and 2 sales for $47,270 activity. LEONARDI THOMAS B bought $128,875 worth of stock or 2,500 shares. On Thursday, February 15 the insider Macartney Claudine sold $122,320. The insider STEENLAND DOUGLAS M bought 4,800 shares worth $249,879.

Investors sentiment increased to 1 in 2018 Q1. Its up 0.30, from 0.7 in 2017Q4. It increased, as 66 investors sold AIG shares while 249 reduced holdings. 90 funds opened positions while 226 raised stakes. 749.06 million shares or 0.24% more from 747.27 million shares in 2017Q4 were reported. Adirondack Trust Company holds 0.01% of its portfolio in American International Group, Inc. (NYSE:AIG) for 356 shares. Exchange Mngmt Inc holds 0.03% or 1,670 shares in its portfolio. Clearbridge Investments Lc holds 0.09% or 1.67M shares in its portfolio. Profund Advsrs Ltd Limited Liability Company holds 0.05% or 22,015 shares. Sva Plumb Wealth owns 5,506 shares or 0.04% of their US portfolio. Skba Cap Mngmt Ltd Co holds 2.52% in American International Group, Inc. (NYSE:AIG) or 342,075 shares. Moreover, Gamco Inc Et Al has 0.05% invested in American International Group, Inc. (NYSE:AIG). Northern Corporation holds 0.14% or 9.95 million shares in its portfolio. Aqr Capital Mngmt has invested 0% in American International Group, Inc. (NYSE:AIG). California-based Poplar Forest Capital Ltd Limited Liability Company has invested 3.9% in American International Group, Inc. (NYSE:AIG). State Of New Jersey Common Pension Fund D owns 1.54 million shares. Jane Street Grp Incorporated Limited Liability Company holds 0.01% or 92,055 shares. Tiverton Asset Mgmt Limited Liability Corp owns 3,495 shares. Archford Capital Strategies reported 0% stake. Cheviot Value Management Ltd Liability Corporation holds 1.45% or 51,364 shares in its portfolio.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on November, 1. They expect $1.23 EPS, up 200.82% or $2.45 from last year’s $-1.22 per share. AIG’s profit will be $1.09 billion for 10.57 P/E if the $1.23 EPS becomes a reality. After $1.05 actual EPS reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 17.14% EPS growth.

More important recent American International Group, Inc. (NYSE:AIG) news were published by: Nasdaq.com which released: “3 Big Stock Charts for Thursday: PepsiCo, American International Group and Hilton Hotels” on August 09, 2018, also Businesswire.com published article titled: “AIG Names Thomas Lillelund as Chief Executive Officer of AIG Europe SA”, Globenewswire.com published: “Recent Analysis Shows Cornerstone OnDemand, American International Group, Douglas Emmett, Baker Hughes, a GE …” on August 09, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) was released by: Seekingalpha.com and their article: “AIG slumps after Q2 miss” with publication date: August 02, 2018.

Among 22 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. American International Group had 83 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Janney Capital on Wednesday, March 30. The firm has “Buy” rating by Goldman Sachs given on Thursday, May 10. Barclays Capital maintained the shares of AIG in report on Tuesday, February 20 with “Overweight” rating. The rating was maintained by RBC Capital Markets with “Buy” on Monday, November 13. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Thursday, October 5. Wells Fargo maintained the shares of AIG in report on Thursday, April 13 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $65 target in Tuesday, February 16 report. The stock has “Buy” rating by Argus Research on Wednesday, August 5. The company was maintained on Tuesday, November 3 by Piper Jaffray. The rating was maintained by Credit Suisse on Monday, January 22 with “Buy”.

Delphi Management Inc, which manages about $966.00 million and $164.40M US Long portfolio, decreased its stake in Abbvie Inc (NYSE:ABBV) by 5,498 shares to 22,247 shares, valued at $2.11 million in 2018Q1, according to the filing. It also reduced its holding in Intel Corp Com (NASDAQ:INTC) by 8,830 shares in the quarter, leaving it with 50,624 shares, and cut its stake in Milacron Holdings Corp.

More recent Celanese Corporation (NYSE:CE) news were published by: Benzinga.com which released: “Celanese’s Earnings Roundup” on July 19, 2018. Also Seekingalpha.com published the news titled: “Celanese Corporation 2018 Q2 – Results – Earnings Call Slides” on July 20, 2018. Seekingalpha.com‘s news article titled: “Celanese’s (CE) CEO Mark Rohr on Q2 2018 Results – Earnings Call Transcript” with publication date: July 20, 2018 was also an interesting one.

American International Group, Inc. (NYSE:AIG) Institutional Positions Chart

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