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Bank of New York Mellon Corp Sells 65,178 Shares of iShares Russell 2000 Growth ETF (NYSEARCA:IWO) – Redmond Register

BK

Bank of New York Mellon Corp lessened its holdings in iShares Russell 2000 Growth ETF (NYSEARCA:IWO) by 17.6% in the fourth quarter, according to the company in its most recent Form 13F filing with the SEC. Several other institutional investors have also made changes to their positions in IWO. iShares Russell 2000 Growth ETF has a twelve month low of $129.54 and a twelve month high of $226.23. The Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the Russell 2000 Growth Index (the Index).

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redmondregister.com
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Bank of New York Mellon Corp Reduces Position in Advance Auto Parts, Inc. (NYSE:AAP) – Redmond Register

BK AAP

Bank of New York Mellon Corp lessened its holdings in shares of Advance Auto Parts, Inc. (NYSE:AAP) by 2.4% in the 4th quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The firm owned 469,301 shares of the company’s stock after selling 11,373 shares during the period. Finally, Royal Bank of Canada lifted their price target on shares of Advance Auto Parts from $165.00 to $170.00 and gave the company an “outperform” rating in a research note on Wednesday, February 19th. Advance Auto Parts, Inc. has a 52 week low of $71.33 and a 52 week high of $182.56.

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Extremely Negative Press Coverage Unlikely to Affect Adyen (OTCMKTS:WZZAF) Share Price – Redmond Register

ADYEN

Extremely Negative Press Coverage Unlikely to Affect Adyen (OTCMKTS:WZZAF) Share Price. News coverage about Adyen (OTCMKTS:WZZAF) has been trending extremely negative recently, InfoTrie Sentiment reports. The firm ranks coverage of companies on a scale of negative five to positive five, with scores nearest to five being the most favorable. InfoTrie also assigned media coverage about the company an news buzz score of 3 out of 10, meaning that recent news coverage is unlikely to have an effect on the company’s share price in the next several days.

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redmondregister.com
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Bank of America Corp DE Sells 118,792 Shares of AmeriCold Realty Trust (NYSE:COLD) – Redmond Register

BAC

Bank of America Corp DE reduced its position in AmeriCold Realty Trust (NYSE:COLD) by 9.8% during the fourth quarter, according to the company in its most recent 13F filing with the Securities & Exchange Commission. Bank of America lowered AmeriCold Realty Trust from a “buy” rating to a “neutral” rating and lowered their price target for the company from $42.50 to $35.00 in a research report on Monday, February 24th. Shares of AmeriCold Realty Trust stock opened at $33.89 on Friday. The firm has a market cap of $6.60 billion, a PE ratio of 28.17, a P/E/G ratio of 9.37 and a beta of 0.70.

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redmondregister.com
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Social distancing is a good excuse to try banking online

BAC

That is particularly helpful as many people self-isolate to avoid contracting or spreading the coronavirus. While the coronavirus has you self-isolating, you're likely more concerned about staying in touch with loved ones and carefully planning your grocery excursions than about changing your money routine. But if you're concerned about how to do your everyday financial tasks from home, consider starting to bank online -- especially if your bank has temporarily closed its locations. You can typically perform tasks such as transferring funds, paying bills, depositing checks and checking your account balances. If you have questions that you need a human to answer, you can usually reach out to the bank's customer service reps via phone, social media, email or online chat as well. Banking apps and bank websites allow customers to log in securely to view and manage their account balances from anywhere they have the internet. "It's much safer to bank, and pay, with your mobile device," Crone says. And of course, in terms of the coronavirus, banking online will help you follow isolation recommendations. WHAT ARE THE PERKS OF BANKING ONLINE?

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dailyherald.com
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Why Is Workday (WDAY) Down 20.4% Since Last Earnings Report?

WDAY

It has been about a month since the last earnings report for Workday (WDAY). Will the recent negative trend continue leading up to its next earnings release, or is Workday due for a breakout? Before we dive into how investors and analysts have reacted as of late, let's take a quick look at its most recent earnings report in order to get a better handle on the important drivers. Moreover, companies like Prudential Company of America, the U.K.-based Natwest Group and Spain-based Banco Santander, went live with Workday’s HCM solutions during the fiscal fourth quarter.Margin HighlightsNon-GAAP expenses pertaining to Product development, Sales and marketing, and General and administrative climbed 23.9% year over year to $621.3 million. As a percentage of revenues, the figure came in at 63.6%, flat on a year-over-year basis.The company generated non-GAAP operating income of $116.6 million, up 25.8% year over year.Non-GAAP operating margin expanded 10 bps on a year-over-year basis to 11.9% on higher revenue base.Balance Sheet & Cash FlowCash, cash equivalents and marketable securities were $1.94 billion as of Jan 31, 2020, compared with $2.10 billion as of Oct 31, 2019.Workday generated operating cash flow of $297.1 million compared with prior-quarter figure of $258 million.GuidanceFor first-quarter fiscal 2021, Workday expects subscription revenues in the range of $873-$875 million (indicating year-over-year growth of 25%).

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ECB to freeze bank dividends due to Covid-19

EURNZD EURAUD +5 more EURNZD EURAUD EURUSD EURJPY EURCAD EURGBP EURZAR

On Friday evening the ECB updated its recommendation to banks on dividends' distributions. To boost banks’ capacity to absorb losses and support lending to households, small businesses and corporates during the pandemic, they should not pay dividends for the financial year 2019 and 2020 until at least 1 October 2021. Dividends already paid do not have to be cancelled retroactively, but any dividend proposals are expected to be amended. • The ECB does not mention whether the view taken on dividends will have an impact on banks’ possibility to call their regulatory capital instruments.

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Covid-19: Army readies 46-bed isolation ward at military hospital in Agra

INF

Covid-19: Army readies 46-bed isolation ward at military hospital in Agra. AGRA: The military and cantonment in Agra is all set to fight the outbreak of Covid-19. , which has 46 beds in the isolation ward, has been prepared for infected patients. said, “A team of specialist doctors and life-saving medical equipment and medicines has been earmarked to deal with any eventuality.

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Brinker Capital Inc. Sells 12,786 Shares of Cincinnati Financial Co. (NASDAQ:CINF) – Redmond Register

CINF

Several other hedge funds and other institutional investors also recently bought and sold shares of CINF. Loring Wolcott & Coolidge Fiduciary Advisors LLP MA bought a new position in shares of Cincinnati Financial in the fourth quarter worth about $63,000. Assetmark Inc. raised its stake in shares of Cincinnati Financial by 811.3% in the fourth quarter. Assetmark Inc. now owns 647 shares of the insurance provider’s stock worth $68,000 after buying an additional 576 shares during the period. Finally, Piper Sandler decreased their price objective on Cincinnati Financial from $110.00 to $95.00 and set an “underweight” rating on the stock in a research note on Wednesday, March 11th. In other Cincinnati Financial news, Director Douglas S. Skidmore bought 2,745 shares of the business’s stock in a transaction that occurred on Wednesday, March 11th.

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Blueshift Asset Management LLC Buys New Stake in Cincinnati Financial Co. (NASDAQ:CINF) – Redmond Register

CINF

Several other hedge funds and other institutional investors also recently bought and sold shares of the stock. Robeco Institutional Asset Management B.V. now owns 1,363,923 shares of the insurance provider’s stock valued at $143,411,000 after buying an additional 259,033 shares during the last quarter. During the same quarter in the previous year, the business posted $0.98 earnings per share. As a group, analysts forecast that Cincinnati Financial Co. will post 3.85 EPS for the current fiscal year. Piper Sandler reduced their price objective on shares of Cincinnati Financial from $110.00 to $95.00 and set an “underweight” rating for the company in a research note on Wednesday, March 11th.

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redmondregister.com
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Despite Its High P/E Ratio, Is Charter Communications, Inc. (NASDAQ:CHTR) Still Undervalued?

CHTR

This article is for investors who would like to improve their understanding of price to earnings ratios (P/E ratios). That isn't a good or a bad thing on its own, but a high P/E means that buyers have a higher opinion of the business's prospects, relative to stocks with a lower P/E. How Does Charter Communications's P/E Ratio Compare To Its Peers? We can get an indication of market expectations by looking at the P/E ratio. As you can see below, Charter Communications has a much higher P/E than the average company (10.0) in the media industry. With a P/E ratio of 57.9, Charter Communications is expected to grow earnings very strongly in the years to come. While its debt levels are rather high, at least its EPS is growing quickly. So despite the debt it is, perhaps, not unreasonable to see a high P/E ratio. When the market is wrong about a stock, it gives savvy investors an opportunity.

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Global Smart Lighting Market Competitors Analysis By Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE,

LR SU

Smart lighting thus becomes a key tool in smart city development, a means of giving areas complete digital independence, tantamount in principle to creating efficient, interconnected cities where citizens live as one with their environment. To comprehend Smart Lighting market dynamics in the world mainly, the worldwide Smart Lighting market is analyzed across major global regions. North America: United States, Canada, and Mexico. South & Central America: Argentina, Chile, and Brazil. Major Industry Competitors: Global Smart Lighting MarketPhilips Lighting Holding B.V. , Acuity Brands Lighting, Inc. , Hafele, Honeywell International Inc., Cree, Inc. , Digital Lumens, Inc., OSRAM GmbH., Lutron Electronics Co., Inc, Legrand SA, Seiko Epson Corporation, Encelium technologies, Virtual Extension, Zumtobel Group AG, Wipro Consumer Care & Lighting, Schneider Electric SE, Eaton, Leviton Manufacturing Co., Inc., Syska LED and Beam Labs B.V.and among others. Industry Participants: CEO’s, V.P.’s, Marketing/Product Managers, Market Intelligence Managers and, National Sales Managers. However, high cost of Smart Lighting products is one of the key factors which are expected to limit the growth of global Smart Lighting market over the forecast period.

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Bank of New York Mellon Corp Reduces Holdings in TEGNA Inc. (NYSE:TGNA) – Redmond Register

TGNA BK

Vaughan Nelson Investment Management L.P. now owns 4,515,236 shares of the company’s stock valued at $75,359,000 after buying an additional 123,125 shares during the period. Zacks Investment Research raised shares of TEGNA from a “hold” rating to a “strong-buy” rating and set a $19.00 price target for the company in a research note on Friday, January 3rd. The stock has a market capitalization of $2.79 billion, a P/E ratio of 10.08, a PEG ratio of 0.56 and a beta of 1.44. The company reported $0.47 earnings per share for the quarter, topping the Zacks’ consensus estimate of $0.43 by $0.04.

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Zacks: Brokerages Expect Charter Communications Inc (NASDAQ:CHTR) to Announce $2.73 EPS – Redmond Register

CHTR

According to Zacks, analysts expect that Charter Communications will report full-year earnings of $13.71 per share for the current financial year, with EPS estimates ranging from $10.30 to $15.68. For the next financial year, analysts expect that the firm will report earnings of $19.38 per share, with EPS estimates ranging from $12.95 to $23.81. The company reported $3.28 EPS for the quarter, topping the Thomson Reuters’ consensus estimate of $2.50 by $0.78. Charter Communications had a return on equity of 4.07% and a net margin of 3.64%. Cfra upgraded Charter Communications from a “buy” rating to a “strong-buy” rating and dropped their price target for the company from $575.00 to $525.00 in a research report on Thursday.

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Advance Auto Parts, Inc. (NYSE:AAP) Expected to Post Quarterly Sales of $2.94 Billion – Redmond Register

AAP

According to Zacks, analysts expect that Advance Auto Parts will report full year sales of $9.91 billion for the current year, with estimates ranging from $9.65 billion to $10.04 billion. For the next year, analysts forecast that the firm will post sales of $9.99 billion, with estimates ranging from $9.75 billion to $10.18 billion. Zacks’ sales calculations are a mean average based on a survey of sell-side analysts that follow Advance Auto Parts. Wells Fargo & Co reduced their target price on Advance Auto Parts from $140.00 to $85.00 and set an “equal weight” rating on the stock in a research note on Monday, March 23rd. Running Oak Capital LLC acquired a new position in Advance Auto Parts in the 4th quarter valued at $4,912,000. Norges Bank acquired a new position in Advance Auto Parts in the 4th quarter valued at $112,393,000.

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Alliancebernstein L.P. Sells 40,336 Shares of Quanta Services Inc (NYSE:PWR) – Redmond Register

PWR

Alliancebernstein L.P. owned 1.71% of Quanta Services worth $99,131,000 at the end of the most recent reporting period. Citizens Financial Group Inc RI now owns 2,003 shares of the construction company’s stock valued at $82,000 after acquiring an additional 1,926 shares during the last quarter. In other Quanta Services news, EVP Donald Wayne sold 5,345 shares of the stock in a transaction dated Thursday, March 5th. Finally, Robert W. Baird upgraded Quanta Services from a “neutral” rating to an “outperform” rating and set a $46.00 price target on the stock in a report on Tuesday, January 7th.

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Proactive Oil & Gas weekly highlights: Hurricane Energy, Cairn, Touchstone, Falcon, Bahamas Petroleum ....

CNE

Hurricane Energy PLC (LON:HUR) announced on Friday that its Lancaster oil field has been struck by the coronavirus (COVID-19) with a crew member on the Aoka Mizu floating production vessel testing positive for the virus. In a statement, the company said that the crew member was evacuated from the vessel located in the West of Shetland region, offshore Scotland, to the mainland for medical reasons and subsequently tested positive. Also on Friday, Cairn Energy PLC (LON:CNE) said it is sticking to its guidance for 2020, but told investors it is proactively reviewing each of its assets and evaluating initiatives to reduce capital spending. There was a different approach for Falcon Oil & Gas Ltd (LON:FOG) and its Beetaloo shale venture where the operator has decided to respond to coronavirus uncertainty by suspending work before fracking starts.

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Alliancebernstein L.P. Acquires 202,568 Shares of Advance Auto Parts, Inc. (NYSE:AAP) – Redmond Register

AAP

Alliancebernstein L.P.’s holdings in Advance Auto Parts were worth $95,476,000 as of its most recent filing with the Securities and Exchange Commission. Finally, JPMorgan Chase & Co. downgraded Advance Auto Parts from an “overweight” rating to a “neutral” rating and reduced their price target for the company from $168.00 to $163.00 in a research note on Monday, January 13th. Shares of NYSE AAP opened at $95.60 on Friday. Advance Auto Parts, Inc. has a fifty-two week low of $71.33 and a fifty-two week high of $182.56.

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Alliancebernstein L.P. Sells 88,545 Shares of Dominion Energy Inc (NYSE:D) – Redmond Register

D

A number of other institutional investors have also recently modified their holdings of D. GQ Asset Management LLC raised its position in Dominion Energy by 54.5% in the 4th quarter. A number of brokerages have commented on D. Credit Suisse Group upped their target price on shares of Dominion Energy from $85.00 to $90.00 and gave the stock an “average” rating in a research note on Tuesday, February 18th. Dominion Energy Inc has a 52-week low of $57.79 and a 52-week high of $90.89. The utilities provider reported $1.18 earnings per share (EPS) for the quarter, beating the Zacks’ consensus estimate of $1.16 by $0.02.

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Advisors Asset Management Inc. Acquires 69 Shares of Anthem Inc (NYSE:ANTM) – Redmond Register

ANTM

Advisors Asset Management Inc. boosted its holdings in Anthem Inc (NYSE:ANTM) by 0.7% during the 4th quarter, according to its most recent 13F filing with the Securities and Exchange Commission. In other Anthem news, CEO Gail Boudreaux purchased 7,600 shares of the business’s stock in a transaction on Thursday, January 30th. Finally, Deutsche Bank upped their price objective on Anthem from $314.00 to $362.00 and gave the stock a “buy” rating in a research note on Tuesday, February 18th. The company reported $3.88 earnings per share (EPS) for the quarter, missing the Zacks’ consensus estimate of $3.90 by ($0.02).

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