Shorts Action: Alliancebernstein Holding LP (NYSE:AB) Shorted Shares Decreased By 20.73%

November 23, 2016 - By Winifred Garcia   ·   0 Comments

Shorts Action: Alliancebernstein Holding LP (NYSE:AB) Shorted Shares Decreased By 20.73%

The stock of Alliancebernstein Holding LP (NYSE:AB) registered a decrease of 20.73% in short interest. AB’s total short interest was 224,800 shares in November as published by FINRA. Its down 20.73% from 283,600 shares, reported previously. With 200,200 shares average volume, it will take short sellers 1 days to cover their AB’s short positions. The stock increased 0.85% or $0.2 on November 22, hitting $23.7. AllianceBernstein Holding LP (NYSE:AB) has declined 1.74% since April 21, 2016 and is downtrending. It has underperformed by 7.07% the S&P500.

AllianceBernstein Holding L.P. provides research, investment management and related services to a range of clients through three buy-side distribution channels, institutions, retail and private wealth management, and its sell-side business, Bernstein Research Services. The company has a market cap of $2.27 billion. The Company’s principal services include institutional services, retail services, private wealth management services and Bernstein research services. It has a 11.74 P/E ratio. It offers institutional services to institutional clients, including private and public pension plans, foundations and endowments, insurance companies, central banks and governments around the world.

Insitutional Activity: The institutional sentiment increased to 1.08 in 2016 Q2. Its up 0.55, from 0.53 in 2016Q1. The ratio is positive, as 20 funds sold all AllianceBernstein Holding LP shares owned while 50 reduced positions. 5 funds bought stakes while 32 increased positions. They now own 23.38 million shares or 9.11% less from 25.73 million shares in 2016Q1.
Parsons Capital Mgmt Ri has 15,100 shares for 0.05% of their US portfolio. Moreover, Ranger Intl Mngmt Limited Partnership has 3.29% invested in AllianceBernstein Holding LP (NYSE:AB) for 333,197 shares. Texas Yale Cap, a Florida-based fund reported 51,554 shares. The Connecticut-based Greenwich Investment Incorporated has invested 2.18% in AllianceBernstein Holding LP (NYSE:AB). North Star Inv Management owns 600 shares or 0% of their US portfolio. Ancora Advisors Limited Liability Corporation accumulated 0.04% or 15,600 shares. Manufacturers Life Company The owns 6.04 million shares or 0.22% of their US portfolio. Amer Century Cos Inc has 0.05% invested in the company for 2.03 million shares. Mckinley Capital Management Limited Liability Delaware, a Unknown-based fund reported 27,879 shares. Assetmark Incorporated holds 0% or 962 shares in its portfolio. Gsa Cap Prtn Ltd Liability Partnership accumulated 31,000 shares or 0.04% of the stock. Mercer Capital Advisers Incorporated reported 300 shares or 0.01% of all its holdings. Finemark National Bank And Tru, a Florida-based fund reported 300 shares. Allianz Asset Ag has invested 0.02% of its portfolio in AllianceBernstein Holding LP (NYSE:AB). Gabelli, a New York-based fund reported 9,000 shares.

AllianceBernstein Holding LP (NYSE:AB) Ratings Coverage

Out of 5 analysts covering AllianceBernstein Holding (NYSE:AB), 1 rate it a “Buy”, 0 “Sell”, while 4 “Hold”. This means 20% are positive. $33 is the highest target while $2 is the lowest. The $18.75 average target is -20.89% below today’s ($23.7) stock price. AllianceBernstein Holding has been the topic of 16 analyst reports since August 3, 2015 according to StockzIntelligence Inc. Jefferies maintained the stock with “Hold” rating in Monday, July 11 report. The firm has “Buy” rating by Citigroup given on Thursday, September 10. On Friday, February 12 the stock rating was maintained by Keefe Bruyette & Woods with “Market Perform”. The stock has “Buy” rating given by Citigroup on Friday, July 29. Citigroup downgraded AllianceBernstein Holding LP (NYSE:AB) on Tuesday, November 22 to “Neutral” rating. Bank of America upgraded the shares of AB in a report on Tuesday, March 15 to “Buy” rating. The rating was maintained by Keefe Bruyette & Woods on Friday, October 14 with “Market Perform”. The firm has “Outperform” rating by Wood given on Thursday, September 3. The firm has “Market Perform” rating given on Friday, October 14 by Wood. The stock of AllianceBernstein Holding LP (NYSE:AB) has “Neutral” rating given on Wednesday, October 7 by Bank of America.

AB Company Profile

AllianceBernstein Holding L.P. (AB Holding), incorporated on November 18, 1987, is engaged in providing research, investment management and related services to a range of clients through three buy-side distribution channels, institutions, retail and private wealth management, and its sell-side business, Bernstein Research Services. The Company’s principal services include institutional services, retail services, private wealth management services and Bernstein research services. The Firm serves clients in the United States, Europe, Asia, the Middle East and Canada. The Company’s subsidiaries include Sanford C. Bernstein & Co., LLC, AllianceBernstein Global Derivatives Corporation, AB Private Credit Investors LLC, W.P. Stewart & Co., Ltd. and W.P. Stewart Asset Management LLC

More recent AllianceBernstein Holding LP (NYSE:AB) news were published by: Nasdaq.com which released: “AllianceBernstein Holding L.P. (AB) Ex-Dividend Date Scheduled for November 03 …” on November 02, 2016. Also Nasdaq.com published the news titled: “AllianceBernstein Holding L.P. Earnings Advance 1% In Q3” on October 26, 2016. Seekingalpha.com‘s news article titled: “AllianceBernstein downgraded, Schwab upped at Citi” with publication date: November 22, 2016 was also an interesting one.

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By Winifred Garcia


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