Granite Constr (GVA) Position Held by Stevens Capital Management Lp; As American Intl Group Com Ne (AIG) Market Value Declined, Williams Jones & Associates Has Decreased Its Position by $564,948

August 9, 2018 - By Jacqueline McKee

Granite Construction Incorporated (NYSE:GVA) Logo

Williams Jones & Associates Llc decreased its stake in American Intl Group Inc Com Ne (AIG) by 8.07% based on its latest 2018Q1 regulatory filing with the SEC. Williams Jones & Associates Llc sold 10,462 shares as the company’s stock declined 9.68% with the market. The institutional investor held 119,174 shares of the finance company at the end of 2018Q1, valued at $6.49M, down from 129,636 at the end of the previous reported quarter. Williams Jones & Associates Llc who had been investing in American Intl Group Inc Com Ne for a number of months, seems to be less bullish one the $46.54 billion market cap company. The stock decreased 0.11% or $0.06 during the last trading session, reaching $52.38. About 304,045 shares traded. American International Group, Inc. (NYSE:AIG) has declined 15.56% since August 9, 2017 and is downtrending. It has underperformed by 28.13% the S&P500. Some Historical AIG News: 07/05/2018 – Billionaire investor Carl Icahn has sold his stake in U.S. insurer AIG, Forbes reports; 26/03/2018 – AIG Names Ed Dandridge as Head of Marketing and Commun, General Insurance; 07/05/2018 – ICAHN SOLD HIS AIG POSITION WHEN THE STOCK CHANGED HANDS BETWEEN $60 AND $65 – FORBES, CITING; 11/04/2018 – AIG-ANB Cooperative Insurance Falls 4.8% to Lowest in Two Months; 05/05/2018 – BUFFETT SAYS BELIEVES BERKSHIRE WILL COME OUT OKAY IN ITS $10.2 BLN RETROACTIVE REINSURANCE TRANSACTION WITH AIG AIG.N; 29/05/2018 – American International Group I CDS Widens 7 Bps, Most in 10 Wks; 02/05/2018 – AIG Bd of Directors Declares Common Stk Div of $0.32 Per Shr; 02/05/2018 – AIG Sees Validus Transaction Closing in Mid-2018; 12/04/2018 – AIG NAMES ANTHONY VIDOVICH AS CHIEF CLAIMS OFFICER, GENERAL INS; 14/05/2018 – MOVES-AIG names Mark Lyons as chief actuary for general insurance

Stevens Capital Management Lp increased its stake in Granite Constr Inc (GVA) by 202.85% based on its latest 2018Q1 regulatory filing with the SEC. Stevens Capital Management Lp bought 20,843 shares as the company’s stock declined 6.78% with the market. The hedge fund held 31,118 shares of the military and government and technical company at the end of 2018Q1, valued at $1.74 million, up from 10,275 at the end of the previous reported quarter. Stevens Capital Management Lp who had been investing in Granite Constr Inc for a number of months, seems to be bullish on the $2.19 billion market cap company. The stock increased 3.66% or $1.69 during the last trading session, reaching $47.86. About 255,406 shares traded. Granite Construction Incorporated (NYSE:GVA) has risen 20.52% since August 9, 2017 and is uptrending. It has outperformed by 7.95% the S&P500. Some Historical GVA News: 23/04/2018 – Granite Announces Planned Retirement Of Chief Financial Officer; 17/04/2018 – Cal EMA Spills: SPILL Report – Granite Construction – 04/17/2018 02:09 PM; 15/05/2018 – Layne Christensen Announces Date Of Special Meeting For Stockholders To Approve Merger With Granite Construction; 03/04/2018 – GRANITE CONSTRUCTION INC SAYS TRANSACTION IS EXPECTED TO BE IMMEDIATELY ACCRETIVE TO GRANITE’S 2018 EARNINGS PER SHARE; 30/04/2018 – Granite Construction 1Q Rev $563.4M; 03/04/2018 – GRANITE BUYS LIQUIFORCE; 20/03/2018 – CETUS CAPITAL lll LP SAYS BELIEVES PROPOSED TRANSACTION WITH GRANITE CONSTRUCTION UNDERVALUES LAYNE CHRISTENSEN; 03/04/2018 – GRANITE SEES DEAL ADDING IMMEDIATELY TO 2018 EPS; 21/03/2018 – Granite Awarded $51 Million Road and Bridge Rehabilitation Project in Alaska; 01/05/2018 – Forbes Names Granite One of America’s Best Mid-Size Employers for the Third Year in a Row

Among 8 analysts covering Granite Constr (NYSE:GVA), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Granite Constr had 24 analyst reports since November 24, 2015 according to SRatingsIntel. Canaccord Genuity maintained Granite Construction Incorporated (NYSE:GVA) on Thursday, March 23 with “Buy” rating. FBR Capital upgraded the shares of GVA in report on Friday, December 11 to “Outperform” rating. The stock of Granite Construction Incorporated (NYSE:GVA) earned “Outperform” rating by Cowen & Co on Wednesday, December 2. As per Tuesday, November 24, the company rating was initiated by Maxim Group. On Tuesday, August 2 the stock rating was maintained by FBR Capital with “Outperform”. Cowen & Co maintained the stock with “Buy” rating in Tuesday, September 19 report. The company was maintained on Tuesday, August 1 by Canaccord Genuity. The stock has “Buy” rating by M Partners on Wednesday, June 29. The firm has “Buy” rating by Canaccord Genuity given on Wednesday, June 14. The stock of Granite Construction Incorporated (NYSE:GVA) has “Buy” rating given on Wednesday, December 9 by Stifel Nicolaus.

Investors sentiment increased to 1.55 in 2018 Q1. Its up 0.49, from 1.06 in 2017Q4. It increased, as 12 investors sold GVA shares while 65 reduced holdings. 36 funds opened positions while 83 raised stakes. 36.51 million shares or 1.12% less from 36.92 million shares in 2017Q4 were reported. New Mexico Educational Retirement Board stated it has 0.02% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Hennessy Inc reported 4,970 shares. Swiss Fincl Bank reported 69,400 shares or 0% of all its holdings. Deutsche Natl Bank Ag stated it has 0.01% in Granite Construction Incorporated (NYSE:GVA). Aperio Gp Ltd Liability accumulated 15,957 shares. Tru Department Mb Bancorp N A, a Illinois-based fund reported 75 shares. Walleye Trading Ltd Llc owns 799 shares for 0% of their portfolio. Hbk Investments Limited Partnership accumulated 32,300 shares. Moreover, Fifth Third Bancorp has 0% invested in Granite Construction Incorporated (NYSE:GVA). Dimensional Fund Advsrs Limited Partnership has 2.29 million shares. Cwm stated it has 0% of its portfolio in Granite Construction Incorporated (NYSE:GVA). Goldman Sachs Group Inc Inc reported 1.14 million shares. Next Century Growth Investors Limited Co reported 219,787 shares. Pnc Finance Svcs Gp Incorporated stated it has 5,925 shares. 300 are held by Captrust Financial.

Stevens Capital Management Lp, which manages about $6.88 billion and $2.64B US Long portfolio, decreased its stake in Gulfport Energy Corp (NASDAQ:GPOR) by 106,206 shares to 15,560 shares, valued at $150,000 in 2018Q1, according to the filing. It also reduced its holding in General Dynamics Corp (NYSE:GD) by 18,339 shares in the quarter, leaving it with 58,482 shares, and cut its stake in Check Point Software Tech Lt (NASDAQ:CHKP).

More notable recent Granite Construction Incorporated (NYSE:GVA) news were published by: Benzinga.com which released: “Earnings Scheduled For August 8, 2018” on August 08, 2018, also Businesswire.com with their article: “Granite Reports Second Quarter 2018 Results” published on August 08, 2018, Streetinsider.com published: “Granite Construction (GVA) Subsidiary Kenny Construction Co. Secures $39M Interstate Improvement Contract in …” on July 10, 2018. More interesting news about Granite Construction Incorporated (NYSE:GVA) were released by: Businesswire.com and their article: “Granite Announces Timing of Earnings Release and Investor Conference Call” published on July 25, 2018 as well as Seekingalpha.com‘s news article titled: “Granite Construction (GVA) Q2 2018 Results – Earnings Call Transcript” with publication date: August 08, 2018.

Investors sentiment increased to 1 in Q1 2018. Its up 0.30, from 0.7 in 2017Q4. It improved, 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. Credit Suisse Ag stated it has 0.08% in American International Group, Inc. (NYSE:AIG). Brandywine Glob Inv Management Limited Liability Company reported 0.31% of its portfolio in American International Group, Inc. (NYSE:AIG). Mirador Capital Partners Limited Partnership invested 0.41% of its portfolio in American International Group, Inc. (NYSE:AIG). The Virginia-based Thompson Siegel Walmsley Ltd Liability Co has invested 0.03% in American International Group, Inc. (NYSE:AIG). Eos Mngmt Lp invested in 0.43% or 30,000 shares. First Manhattan reported 0.37% in American International Group, Inc. (NYSE:AIG). Prudential Public Limited Company reported 0.14% of its portfolio in American International Group, Inc. (NYSE:AIG). Evergreen Capital Management Ltd Co stated it has 3,929 shares. Inverness Counsel Limited Liability Co Ny holds 0.12% or 36,049 shares. Salem Inv Counselors has 0% invested in American International Group, Inc. (NYSE:AIG) for 100 shares. Tortoise Management Limited Liability has invested 0% in American International Group, Inc. (NYSE:AIG). Moreover, Mcrae Mgmt Incorporated has 0.22% invested in American International Group, Inc. (NYSE:AIG). Parsons Capital Mngmt Ri holds 0.04% in American International Group, Inc. (NYSE:AIG) or 5,515 shares. D E Shaw & Inc owns 805,745 shares or 0.06% of their US portfolio. Georgia-based Gmt Cap Corporation has invested 0.31% in American International Group, Inc. (NYSE:AIG).

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 company was maintained on Monday, August 8 by Goldman Sachs. As per Tuesday, September 19, the company rating was maintained by UBS. On Thursday, May 10 the stock rating was upgraded by Goldman Sachs to “Buy”. Bank of America downgraded American International Group, Inc. (NYSE:AIG) on Friday, November 3 to “Neutral” rating. FBR Capital maintained American International Group, Inc. (NYSE:AIG) rating on Tuesday, May 10. FBR Capital has “Mkt Perform” rating and $53 target. Credit Suisse maintained the shares of AIG in report on Friday, February 12 with “Neutral” rating. Deutsche Bank maintained American International Group, Inc. (NYSE:AIG) rating on Friday, March 11. Deutsche Bank has “Hold” rating and $56 target. As per Tuesday, May 16, the company rating was upgraded by Morgan Stanley. Citigroup maintained American International Group, Inc. (NYSE:AIG) rating on Wednesday, August 5. Citigroup has “Buy” rating and $73 target. The stock of American International Group, Inc. (NYSE:AIG) earned “Market Perform” rating by FBR Capital on Friday, February 26.

Since February 15, 2018, it had 2 buys, and 2 insider sales for $47,270 activity. 2,500 American International Group, Inc. (NYSE:AIG) shares with value of $128,875 were bought by LEONARDI THOMAS B. Shares for $249,879 were bought by STEENLAND DOUGLAS M. The insider Macartney Claudine sold 2,052 shares worth $122,320.

More important recent American International Group, Inc. (NYSE:AIG) news were published by: Businesswire.com which released: “AIG Names Thomas Lillelund as Chief Executive Officer of AIG Europe SA” on August 08, 2018, also Globenewswire.com published article titled: “Recent Analysis Shows Cornerstone OnDemand, American International Group, Douglas Emmett, Baker Hughes, a GE …”, Seekingalpha.com published: “AIG Using Reinsurance As Performance Lever, Program Expansion Likely” on August 08, 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.

Williams Jones & Associates Llc, which manages about $4.95B and $4.31 billion US Long portfolio, upped its stake in Halliburton Co Com (NYSE:HAL) by 9,900 shares to 30,909 shares, valued at $1.45M in 2018Q1, according to the filing. It also increased its holding in Intuit Com (NASDAQ:INTU) by 3,811 shares in the quarter, for a total of 119,105 shares, and has risen its stake in Ecolab Inc Com (NYSE:ECL).

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on November, 1. They expect $1.23 earnings per share, up 200.82% or $2.45 from last year’s $-1.22 per share. AIG’s profit will be $1.09B for 10.65 P/E if the $1.23 EPS becomes a reality. After $1.05 actual earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 17.14% EPS growth.

Granite Construction Incorporated (NYSE:GVA) Institutional Positions Chart

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