Loomis Sayles & Co. L P cut its holdings in Signature Bank (NASDAQ:SBNY) by 9.5% in the 1st quarter, according to its most recent 13F filing with the SEC. The fund owned 218,550 shares of the bank’s stock after selling 22,927 shares during the period. Loomis Sayles & Co. L P’s holdings in Signature Bank were worth $31,023,000 at the end of the most recent reporting period.
A number of other institutional investors and hedge funds have also modified their holdings of SBNY. BlackRock Inc. increased its holdings in shares of Signature Bank by 2.2% during the 1st quarter. BlackRock Inc. now owns 4,987,405 shares of the bank’s stock worth $707,963,000 after buying an additional 108,693 shares during the last quarter. Alecta Pensionsforsakring Omsesidigt increased its holdings in shares of Signature Bank by 4.3% during the 1st quarter. Alecta Pensionsforsakring Omsesidigt now owns 2,441,200 shares of the bank’s stock worth $346,382,000 after buying an additional 100,000 shares during the last quarter. Parnassus Investments CA increased its holdings in shares of Signature Bank by 22.9% during the 4th quarter. Parnassus Investments CA now owns 1,610,000 shares of the bank’s stock worth $220,989,000 after buying an additional 300,000 shares during the last quarter. CI Global Investments Inc. increased its holdings in shares of Signature Bank by 176.8% during the 4th quarter. CI Global Investments Inc. now owns 920,249 shares of the bank’s stock worth $126,313,000 after buying an additional 587,749 shares during the last quarter. Finally, Bank of New York Mellon Corp increased its holdings in shares of Signature Bank by 1.1% during the 4th quarter. Bank of New York Mellon Corp now owns 692,753 shares of the bank’s stock worth $95,087,000 after buying an additional 7,338 shares during the last quarter. Institutional investors own 95.79% of the company’s stock.
Top Safest Stocks To Invest In Right Now: Fossil Inc.(FOSL)
Fossil, Inc. designs, develops, markets, and distributes fashion accessories worldwide. It offers a line of fashion watches under its proprietary brands, such as FOSSIL, MICHELE, RELIC, and ZODIAC; and through licensed brands, including ADIDAS, BURBERRY, DIESEL, DKNY, EMPORIO ARMANI, MARC BY MARC JACOBS, and MICHAEL KORS. The company designs, markets, and arranges for the manufacture of watches and accessories on behalf of certain mass market retailers, companies, and organizations as private label products or as premium and incentive items for use in various corporate events. It also provides various fashion accessories for men and women, including handbags, belts, small leather goods, jewelry, and sunglasses through company owned retail stores, department stores, and specialty retail stores, as well as over the Internet and through catalogs. In addition, the company sells a line of soft accessories, such as hats, gloves, and scarves, as well as a handbag collection. Furt her, it offers apparel comprising jeans, outerwear, fashion tops and bottoms, and tee shirts for men and women through company-owned stores, as well as over the Internet and through catalogs. Additionally, the company provides footwear products, including sport court sneakers, authentic casuals, dress classics, and boots for men, as well as fashionable flats, heels, wedges, and boots for women. Fossil, Inc., through a license agreement with the Safilo Group, manufactures, markets, and sells optical frames under the FOSSIL and RELIC brand names in the United States and Canada. As of August 9, 2011, it had approximately 360 company-owned and operated retail stores. The company was founded in 1984 and is headquartered in Richardson, Texas.
Advisors’ Opinion:
- [By Garrett Baldwin]
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Stocks to Watch Today: NKE, GRMN, FIT, FOSL, NAVI
Nike Inc. (NYSE: NYSE) is facing a public relations problem this morning and shares are off nearly 2%. Last night, Duke University star basketball player Zion Williamson was injured in the opening minute of a marquee game against the University of North Carolina. Williamson slipped while dribbling and his Nike shoe split apart, causing him to fall and injure his knee. The No. 1 ranked Duke Blue Devils, who were favorites against their rivals at home, were blown out after Williamson was forced to leave the game. The game was heavily televised, attended by celebrities and former President Barack Obama, and fetched ticket prices upwards of $10,000. Williamson is likely the No. 1 pick in the NBA draft this year. The company called the event an “isolated occurrence.” Shares of Garmin Ltd. (NASDAQ: GRMN) popped to an 11-year high thanks to a strong earnings report and forward guidance on Wednesday. The fitness and navigation device manufacturer reported that smartwatch sales are “on fire” from outdoor enthusiasts. The firm’s outdoor segment experienced a 25% jump in revenue for the quarter, while the firm hiked its 2019 revenue outlook and topped analysts’ expectations. The news helped boost shares of Fossil (NASDAQ: FOSL) and Fitbit (NYSE: FIT). Shares of Navient Corp. (NASDAQ: NAVI) slid 4.2% after hedge fund Canyon Capital withdrew its bid from earlier this week to buy the student loan servicing giant for $12.50 per share. The hedge fund announced it will now launch a proxy fight to replace many of the company’s board of directors. While this might be bad news for NAVI in the short term, there are still 1.5 trillion reasons to own this stock. Look for other earnings reports from Baidu (NASDAQ: BIDU), Barclays PLC (NYSE: BCS), Boyd Gaming (NYSE: BYD), Domino’s Pizza (NYSE: DPZ), Dropbox (NYSE: DBX), First Solar (NASDAQ: FSLR), Hewlett Packard Enterprise (NYSE: HPE), Kraft Hein - [By Dan Caplinger]
The latest retail sales report gave market participants bad news on the U.S. economic front, with a 1.2% drop in December marking the worst showing in almost a decade. That came as a shock to investors, and some went so far as to question whether the report was accurate in the aftermath of the long government shutdown. Others fear that a consumer slowdown could foreshadow an economic recession, but at the individual-company level, reports from Tempur Sealy International (NYSE:TPX) and Fossil Group (NASDAQ:FOSL) show how different parts of the retail world are seeing different conditions.
Top Safest Stocks To Invest In Right Now: Silicom Ltd(SILC)
Silicom Ltd., together with its subsidiaries, designs, manufactures, markets, and supports networking and data infrastructure solutions for a range of servers, server based systems, and communications devices in North America, Europe, and the Asia Pacific. It offers high-end server networking interface cards with and without bypass for the server networking industry. The company also provides intelligent and programmable cards, including redirector cards; encryption and data compression hardware acceleration cards; time stamping cards; network processor acceleration cards; VHIO, a product off-loading virtualization switching from the CPU; and network capture, field programmable gate array based ultra-low latency, and mobile operational support system solutions. In addition, it offers intelligent bypass switches; and server to appliance converter (SETAC) products that enable standard servers to be configured as network appliances with front networking ports. The company sells its products to original equipment manufacturers. Silicom Ltd. was founded in 1987 and is headquartered in Kfar Sava, Israel.
