August 11, 2018 – By Rachel Eickhoff
Guardian Capital Advisors Lp increased its stake in Brookfield Asset Mgmt Inc (BAM) by 2.87% based on its latest 2018Q1 regulatory filing with the SEC. Guardian Capital Advisors Lp bought 10,546 shares as the company’s stock declined 0.02% with the market. The institutional investor held 378,256 shares of the building operators company at the end of 2018Q1, valued at $18.56 million, up from 367,710 at the end of the previous reported quarter. Guardian Capital Advisors Lp who had been investing in Brookfield Asset Mgmt Inc for a number of months, seems to be bullish on the $41.94B market cap company. The stock decreased 0.39% or $0.17 during the last trading session, reaching $43.5. About 1.18 million shares traded or 73.96% up from the average. Brookfield Asset Management Inc. (NYSE:BAM) has risen 7.02% since August 11, 2017 and is uptrending. It has underperformed by 5.55% the S&P500. Some Historical BAM News: 15/05/2018 – Brookfield Asset Mgmt Inc. Exits Position in SL Green; 10/05/2018 – BRAZIL’S RENOVA ENERGIA SAYS IT HAS CALLED OFF ASSET-SALE TALKS WITH BROOKFIELD ENERGIA RENOVÁVEL; EXCLUSIVITY PERIOD ENDED WITH NO AGREEMENT; 06/04/2018 – Center Coast Brookfield MLP & Energy Infrastructure Fund Monthly Distribution Declaration; 15/05/2018 – Brookfield Asset Mgmt Inc. Exits Position in American Campus; 03/04/2018 – CBL Properties Announces First Phase Redevelopment Plans at Brookfield Square in Milwaukee, Wisconsin; 15/05/2018 – Brookfield Asset Management Buys 5.8% of Piedmont Office; 21/05/2018 – Moody’s Affirms Brookfield Asset Management’s Baa2 Rating Following Change In Applicable Rating Methodology; Short Term P-2 Rating Also Affirmed; 23/04/2018 – Center Coast Brookfield MLP & Energy Infrastructure Fund Announces Portfolio Manager Update Call; 20/03/2018 – CNBC Wires: Canada’s Brookfield to sell bonds in Brazil to help fund pipeline; 29/05/2018 – Brookfield Public Securities Group Achieves 40 Percent Improvement in Operational Efficiencies with Sage Intacct
Investor Ab decreased its stake in Chinacache Intl Hldg Ltd (CCIH) by 55.41% based on its latest 2018Q1 regulatory filing with the SEC. Investor Ab sold 1.47M shares as the company’s stock declined 10.65% with the market. The institutional investor held 1.18M shares of the edp services company at the end of 2018Q1, valued at $1.26M, down from 2.65 million at the end of the previous reported quarter. Investor Ab who had been investing in Chinacache Intl Hldg Ltd for a number of months, seems to be less bullish one the $32.24 million market cap company. The stock increased 5.22% or $0.06 during the last trading session, reaching $1.21. About 79,351 shares traded. ChinaCache International Holdings Ltd. (NASDAQ:CCIH) has risen 31.75% since August 11, 2017 and is uptrending. It has outperformed by 19.18% the S&P500. Some Historical CCIH News: 10/05/2018 – ChinaCache International: Rights Plan Has 15% Trigger; 01/05/2018 – ChinaCache Files 2017 Annual Report on Form 20-F; 27/04/2018 – ChinaCache International: None of the Parties to the Agreement Incurred a Breakup Fee Due to the Termination; 26/04/2018 – CHINACACHE NAMES GUANGSHENG MENG AS CFO; 27/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – TERMINATION OF AGREEMENT WAS APPROVED BY COMPANY’S AUDIT COMMITTEE; 27/04/2018 – CHINACACHE – DECISION TO TERMINATE DEAL MADE DUE TO PERCEIVED VALUE OF ASSETS IN LIGHT OF INCREASING MARKET DEMAND FOR DATA CENTER SERVICES; 26/04/2018 – ChinaCache Appoints Guangsheng Meng as Chief Financial Officer; 26/04/2018 – CHINACACHE INTERNATIONAL HOLDINGS LTD – APPOINTMENT OF GUANGSHENG MENG AS CHIEF FINANCIAL OFFICER, EFFECTIVE APRIL 20, 2018; 26/04/2018 – ChinaCache International Names Guangsheng Meng as Chief Fincl Officer; 22/03/2018 $CCIH fwiw the ChinaCache on Amazon AWS news from yesterday is indeed new. This PR titled “ChinaCache Launches CDN Solution on AWS Marketplace” was disseminated on March 20 in China but not the US
More notable recent Brookfield Asset Management Inc. (NYSE:BAM) news were published by: Streetinsider.com which released: “Brookfield Asset Management (BAM) Reports 100% Acquisition of Leasehold Interest in 666 Fifth Avenue’s Office …” on August 03, 2018, also Seekingalpha.com with their article: “Notable earnings before Thursday’s open” published on August 08, 2018, Bizjournals.com published: “Westinghouse out of bankruptcy with a new owner” on August 02, 2018. More interesting news about Brookfield Asset Management Inc. (NYSE:BAM) were released by: Crainscleveland.com and their article: “GrafTech International announces launch of a secondary offering and a concurrent share buyback” published on August 09, 2018 as well as Digitaljournal.com‘s news article titled: “NYSE:FCEA Investor Alert: Investigation of Takeover of Forest City Realty Trust, Inc” with publication date: August 10, 2018.
Among 9 analysts covering Brookfield Asset Management Inc. (NYSE:BAM), 9 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Brookfield Asset Management Inc. had 33 analyst reports since August 10, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of BAM in report on Thursday, October 8 with “Outperform” rating. The rating was maintained by RBC Capital Markets on Tuesday, September 26 with “Buy”. RBC Capital Markets maintained Brookfield Asset Management Inc. (NYSE:BAM) rating on Wednesday, November 1. RBC Capital Markets has “Buy” rating and $43.0 target. The firm has “Outperform” rating by BMO Capital Markets given on Wednesday, September 30. Scotia Capital maintained Brookfield Asset Management Inc. (NYSE:BAM) on Tuesday, March 27 with “Buy” rating. The rating was initiated by Keefe Bruyette & Woods on Tuesday, May 24 with “Outperform”. The rating was initiated by Citigroup with “Buy” on Thursday, January 19. As per Friday, February 16, the company rating was maintained by RBC Capital Markets. The stock has “Buy” rating by RBC Capital Markets on Tuesday, June 20. RBC Capital Markets maintained it with “Buy” rating and $4200 target in Tuesday, July 25 report.
Guardian Capital Advisors Lp, which manages about $1.66 billion and $711.91 million US Long portfolio, decreased its stake in Glaxosmithkline Plc (NYSE:GSK) by 18,635 shares to 83,117 shares, valued at $3.37 million in 2018Q1, according to the filing. It also reduced its holding in Thomson Reuters Corp (NYSE:TRI) by 125,004 shares in the quarter, leaving it with 37,945 shares, and cut its stake in Intel Corp (NASDAQ:INTC).
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