AllianceBernstein Holding L.P. (AB) Forms $26.55 Double Top; Lone Pine Capital Increased Its Grupo Televisa Sa (TV) Holding

AllianceBernstein Holding L.P. (AB) formed double top with $28.14 target or 6.00% above today’s $26.55 share price. AllianceBernstein Holding L.P. (AB) has $2.56B valuation. It closed at $26.55 lastly. It is down 7.46% since March 21, 2017 and is downtrending. It has underperformed by 24.16% the S&P500.

Lone Pine Capital Llc increased Grupo Televisa Sa (TV) stake by 1.5% reported in 2017Q3 SEC filing. Lone Pine Capital Llc acquired 308,100 shares as Grupo Televisa Sa (TV)’s stock rose 4.76%. The Lone Pine Capital Llc holds 20.84 million shares with $514.21M value, up from 20.54M last quarter. Grupo Televisa Sa now has $8.54 billion valuation. The stock decreased 5.33% or $0.82 during the last trading session, reaching $14.56. About 10.79 million shares traded or 245.88% up from the average. Grupo Televisa, S.A.B. (NYSE:TV) has declined 5.54% since March 21, 2017 and is downtrending. It has underperformed by 22.24% the S&P500.

Among 6 analysts covering AllianceBernstein Holding (NYSE:AB), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. AllianceBernstein Holding has $33 highest and $2 lowest target. $28’s average target is 5.46% above currents $26.55 stock price. AllianceBernstein Holding had 29 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, August 11 by Credit Suisse. The rating was maintained by Jefferies with “Hold” on Wednesday, October 7. As per Thursday, November 2, the company rating was maintained by Jefferies. Citigroup maintained the shares of AB in report on Thursday, September 10 with “Buy” rating. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, July 27. Keefe Bruyette & Woods maintained it with “Market Perform” rating and $2 target in Friday, October 14 report. The stock of AllianceBernstein Holding L.P. (NYSE:AB) earned “Hold” rating by Jefferies on Monday, July 11. The stock of AllianceBernstein Holding L.P. (NYSE:AB) has “Neutral” rating given on Wednesday, October 7 by Bank of America. The firm has “Underperform” rating given on Friday, December 16 by Bank of America. As per Tuesday, November 22, the company rating was downgraded by Citigroup.

Investors sentiment increased to 1.55 in 2017 Q3. Its up 0.73, from 0.82 in 2017Q2. It is positive, as 17 investors sold AllianceBernstein Holding L.P. shares while 43 reduced holdings. 15 funds opened positions while 34 raised stakes. 18.55 million shares or 6.52% more from 17.41 million shares in 2017Q2 were reported. Blair William & Co Il owns 0% invested in AllianceBernstein Holding L.P. (NYSE:AB) for 12,899 shares. Ftb Advsrs accumulated 900 shares or 0% of the stock. Wade G W & Incorporated invested in 0.03% or 9,046 shares. Chemical Commercial Bank owns 14,000 shares for 0.04% of their portfolio. Moors & Cabot Inc invested in 0.19% or 55,088 shares. Moreover, Ancora Advisors Limited Liability Company has 0.01% invested in AllianceBernstein Holding L.P. (NYSE:AB). 100 were accumulated by Blackrock. Fmr Ltd, Massachusetts-based fund reported 730,041 shares. Cambridge Invest Research Advsrs Inc stated it has 20,960 shares. Schroder Management Grp Inc owns 10,789 shares. Renaissance Tech Llc stated it has 222,300 shares. Citigroup owns 20,898 shares. Pnc Finance Services Gp, Pennsylvania-based fund reported 11,960 shares. Blue Fincl stated it has 29,708 shares. Hillsdale Mngmt Inc holds 32,500 shares or 0.13% of its portfolio.

Analysts await AllianceBernstein Holding L.P. (NYSE:AB) to report earnings on April, 26. They expect $0.63 earnings per share, up 36.96% or $0.17 from last year’s $0.46 per share. AB’s profit will be $60.77 million for 10.54 P/E if the $0.63 EPS becomes a reality. After $0.84 actual earnings per share reported by AllianceBernstein Holding L.P. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

Lone Pine Capital Llc decreased Alibaba Group Hldg Ltd (NYSE:BABA) stake by 2.85M shares to 8.82M valued at $1.52 billion in 2017Q3. It also reduced Activision Blizzard Inc (NASDAQ:ATVI) stake by 1.70 million shares and now owns 19.84 million shares. Charter Communications Inc N was reduced too.