November 29, 2016 - By Winifred Garcia · 0 Comments
Itc Holdings Corp (NYSE:ITC) institutional sentiment increased to 0.97 in 2016 Q2. Its up 0.24, from 0.73 in 2016Q1. The ratio is more positive, as 119 investment managers opened new and increased positions, while 164 cut down and sold stock positions in Itc Holdings Corp. The investment managers in our partner’s database now hold: 122.21 million shares, down from 122.97 million shares in 2016Q1. Also, the number of investment managers holding Itc Holdings Corp in their top 10 positions increased from 12 to 18 for an increase of 6. Sold All: 49 Reduced: 115 Increased: 79 New Position: 40.
ITC Holdings Corp. is a holding company. The company has a market cap of $6.98 billion. The Firm is engaged in owning, operating, maintaining and investing in transmission infrastructure. It currently has negative earnings. The Company’s business consists primarily of the electric transmission activities of its Regulated Operating Subsidiaries.
It is down 5.08% since April 26, 2016 and is uptrending. It has underperformed by 0.18% the S&P500.
Halcyon Management Partners Lp holds 11.44% of its portfolio in ITC Holdings Corp. for 984,614 shares. Water Island Capital Llc owns 2.24 million shares or 5.21% of their US portfolio. Moreover, Alpine Associates Management Inc. has 4.58% invested in the company for 2.74 million shares. The New York-based York Capital Management Global Advisors Llc has invested 4.25% in the stock. Eton Park Capital Management L.P., a New York-based fund reported 5.79 million shares.#img1#
Insider Transactions: Since January 1, 0001, the stock had 2 buys, and 0 insider sales for $2,341 net activity.
Ratings analysis reveals 29% of ITC Holdings’s analysts are positive. Out of 7 Wall Street analysts rating ITC Holdings, 2 give it “Buy”, 0 “Sell” rating, while 5 recommend “Hold”. The lowest target is $32 while the high is $45.0. The stock’s average target of $39.83 is 0.00% above today’s ($0) share price. ITC was included in 12 notes of analysts from July 31, 2015. The company was maintained on Friday, July 31 by Deutsche Bank. The firm earned “Neutral” rating on Wednesday, December 2 by UBS. The rating was downgraded by Argus Research on Wednesday, December 2 to “Hold”. The firm earned “Buy” rating on Friday, January 8 by Wunderlich. As per Monday, December 14, the company rating was upgraded by Deutsche Bank. The stock has “Hold” rating given by Gabelli on Friday, February 26. The stock of ITC Holdings Corp. (NYSE:ITC) has “Buy” rating given on Friday, November 20 by Citigroup. On Wednesday, September 30 the stock rating was downgraded by UBS to “Sell”. The stock of ITC Holdings Corp. (NYSE:ITC) earned “Hold” rating by Wunderlich on Friday, July 31. The rating was downgraded by Deutsche Bank on Tuesday, March 15 to “Hold”.
More notable recent ITC Holdings Corp. (NYSE:ITC) news were published by: Prnewswire.com which released: “Kansas Corporation Commission Approves Fortis Inc. Acquisition of ITC Holdings …” on October 11, 2016, also Wsj.com with their article: “Fortis to Buy ITC Holdings for About $6.9 Billion” published on February 09, 2016, Prnewswire.com published: “ITC Shareholders Approve Fortis Inc. Acquisition of ITC Holdings Corp.” on June 22, 2016. More interesting news about ITC Holdings Corp. (NYSE:ITC) were released by: Bloomberg.com and their article: “Electricity Network ITC Holdings Explores Sale Options” published on November 30, 2015 as well as Crainsdetroit.com‘s news article titled: “ITC Holdings names Linda Blair president, CEO” with publication date: November 01, 2016.
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By Winifred Garcia