AllianceBernstein Holding L.P. (AB) Receiving Positive Media Coverage, Report Finds
News stories about AllianceBernstein Holding L.P. (NYSE:AB) have trended positive recently, Accern Sentiment Analysis reports. The research firm rates the sentiment of media coverage by analyzing more than 20 million blog and news sources. Accern ranks coverage of companies on a scale of negative one to one, with scores nearest to one being the most favorable. AllianceBernstein Holding L.P. earned a media sentiment score of 0.44 on Accern’s scale. Accern also gave news headlines about the asset manager an impact score of 100 out of 100, meaning that recent media coverage is extremely likely to have an impact on the stock’s share price in the next several days.
These are some of the news headlines that may have impacted Accern Sentiment Analysis’s scoring:
- National Express Group PLC (LSE:NEX) and AllianceBernstein Holding LP (NYSE:AB) Value Score in Focus – Evergreen Caller (evergreencaller.com)
- AllianceBernstein Holding LP (AB) noted a price change of -0.20% and Imperial Oil Limited (IMO) closes with a move … – Stocks Gallery (stocksgallery.com)
- Ryman Hospitality Properties (RHP) Given Coverage Optimism Score of 0.44 (hoyentv.com)
- AllianceBernstein Holding L.P. (AB) (seekingalpha.com)
- AllianceBernstein Holding L.P. (NYSE:AB) COO Sells $169,750.00 in Stock (americanbankingnews.com)
Shares of AllianceBernstein Holding L.P. (NYSE:AB) opened at 24.50 on Monday. The firm has a market capitalization of $2.36 billion, a P/E ratio of 11.44 and a beta of 1.55. The stock’s 50 day moving average is $22.43 and its 200 day moving average is $22.81. AllianceBernstein Holding L.P. has a 1-year low of $20.40 and a 1-year high of $25.12.
AllianceBernstein Holding L.P. (NYSE:AB) last posted its earnings results on Thursday, April 27th. The asset manager reported $0.46 EPS for the quarter, beating the Zacks’ consensus estimate of $0.44 by $0.02. The firm had revenue of $764.92 million for the quarter, compared to the consensus estimate of $746.52 million. AllianceBernstein Holding L.P. had a net margin of 9.74% and a return on equity of 18.31%. The company’s revenue was down .5% on a year-over-year basis. During the same period last year, the firm posted $0.40 EPS. Equities analysts predict that AllianceBernstein Holding L.P. will post $2.03 earnings per share for the current year.
Several research firms have recently commented on AB. BidaskClub upgraded shares of AllianceBernstein Holding L.P. from a “buy” rating to a “strong-buy” rating in a research note on Sunday. Zacks Investment Research upgraded shares of AllianceBernstein Holding L.P. from a “hold” rating to a “buy” rating and set a $27.00 price objective for the company in a research note on Thursday. Sidoti began coverage on shares of AllianceBernstein Holding L.P. in a research note on Monday, June 5th. They set a “buy” rating and a $28.00 price objective for the company. ValuEngine downgraded shares of AllianceBernstein Holding L.P. from a “buy” rating to a “hold” rating in a research note on Friday, June 2nd. Finally, Bank of America Corporation upgraded shares of AllianceBernstein Holding L.P. from an “underperform” rating to a “buy” rating and lifted their price objective for the stock from $24.00 to $25.00 in a research note on Wednesday, April 12th. Two analysts have rated the stock with a hold rating, four have assigned a buy rating and one has given a strong buy rating to the company’s stock. The company presently has an average rating of “Buy” and a consensus price target of $26.60.
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In related news, COO James A. Gingrich sold 7,000 shares of the stock in a transaction on Wednesday, July 12th. The shares were sold at an average price of $24.05, for a total value of $168,350.00. Following the transaction, the chief operating officer now directly owns 293,581 shares of the company’s stock, valued at approximately $7,060,623.05. The transaction was disclosed in a legal filing with the Securities & Exchange Commission, which is available at this link. Also, COO James A. Gingrich sold 21,000 shares of the stock in a transaction on Friday, July 14th. The shares were sold at an average price of $24.25, for a total transaction of $509,250.00. Following the completion of the transaction, the chief operating officer now directly owns 293,581 shares in the company, valued at $7,119,339.25. The disclosure for this sale can be found here. Insiders sold a total of 392,118 shares of company stock worth $8,829,002 over the last ninety days. Insiders own 3.40% of the company’s stock.
AllianceBernstein Holding L.P. Company Profile
AllianceBernstein Holding L.P. is engaged in providing research, investment management and related services to a range of clients through its three buy-side distribution channels: Institutions, Retail and Private Wealth Management, and its sell-side business, Bernstein Research Services. The Company offers a range of investment services, including equity strategies, with global and regional portfolios across capitalization ranges and investment strategies, including value, growth and equities; traditional and unconstrained fixed income strategies, including taxable and tax-exempt strategies; passive management, including index and enhanced index strategies; alternative investments, including hedge funds, fund of funds and private equity, and multi-asset solutions and services, including dynamic asset allocation, customized target-date funds and target-risk funds.
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