Richmond Hill Investments LLC Upped Advance Auto Parts INC (AAP) Stake

Original Post Source

September 30, 2017 – By Clifton Ray

Investors sentiment increased to 1.07 in Q2 2017. Its up 0.04, from 1.03 in 2017Q1. It is positive, as 69 investors sold AAP shares while 122 reduced holdings. 42 funds opened positions while 162 raised stakes. 76.44 million shares or 3.29% more from 74.00 million shares in 2017Q1 were reported. State Of New Jersey Common Pension Fund D invested in 0% or 3,950 shares. Hightower Ltd Liability Corporation reported 5,370 shares. Georgia-based Suntrust Banks Inc has invested 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). 56 are held by Advisory Ltd Limited Liability Company. First Personal Finance Svcs has invested 0.03% in Advance Auto Parts, Inc. (NYSE:AAP). Endurance Wealth invested in 50 shares or 0% of the stock. Texas Yale Capital Corporation, a Florida-based fund reported 4,135 shares. Nikko Asset Americas holds 7,700 shares. Raymond James Tru Na holds 0.02% of its portfolio in Advance Auto Parts, Inc. (NYSE:AAP) for 1,767 shares. Tennessee-based Patten & Patten Tn has invested 0.04% in Advance Auto Parts, Inc. (NYSE:AAP). Kirr Marbach & Lc In accumulated 52,618 shares. Comerica Commercial Bank, Michigan-based fund reported 21,749 shares. Old Mutual Invsts (Uk) Limited stated it has 0.01% in Advance Auto Parts, Inc. (NYSE:AAP). Mitsubishi Ufj Tru & Bk Corporation stated it has 147,395 shares. Starboard Value Limited Partnership owns 3.18M shares or 10.79% of their US portfolio.

Since May 26, 2017, it had 6 buys, and 0 insider sales for $49.68 million activity. 367 shares were bought by Karaboutis Adriana, worth $49,648 on Thursday, June 1. Buss Brad W had bought 1,200 shares worth $161,364 on Tuesday, May 30. Shares for $47.00M were bought by Smith Jeffrey C. Another trade for 1,895 shares valued at $250,481 was bought by LEE EUGENE I JR. Slone Reuben E bought $67,435 worth of stock or 500 shares.

Richmond Hill Investments Llc increased its stake in Advance Auto Parts Inc (AAP) by 59.99% based on its latest 2017Q2 regulatory filing with the SEC. Richmond Hill Investments Llc bought 33,295 shares as the company’s stock declined 6.26% while stock markets rallied. The hedge fund held 88,797 shares of the other specialty stores company at the end of 2017Q2, valued at $10.35M, up from 55,502 at the end of the previous reported quarter. Richmond Hill Investments Llc who had been investing in Advance Auto Parts Inc for a number of months, seems to be bullish on the $7.33B market cap company. The stock decreased 0.30% or $0.3 on September 29, reaching $99.2. About 1.88 million shares traded. Advance Auto Parts, Inc. (NYSE:AAP) has risen 5.52% since September 30, 2016 and is uptrending. It has underperformed by 11.18% the S&P500.

More notable recent Advance Auto Parts, Inc. (NYSE:AAP) news were published by: Nasdaq.com which released: “Advance Auto Parts (AAP) Up 14.9% Since Earnings Report: Can It Continue?” on September 15, 2017, also Prnewswire.com with their article: “Stock Performance Review on Services Sector — AutoZone, O’Reilly Automotive …” published on September 08, 2017, Nasdaq.com published: “Should You Get Rid of Advance Auto Parts (AAP) Now?” on September 13, 2017. More interesting news about Advance Auto Parts, Inc. (NYSE:AAP) were released by: Investorplace.com and their article: “Trade of the Day: Advance Auto Parts, Inc. (AAP)” published on September 20, 2017 as well as Forbes.com‘s news article titled: “Ex-Dividend Reminder: Royal Caribbean Cruises, Advance Auto Parts and Omnicom …” with publication date: September 19, 2017.

Advance Auto Parts, Inc. (NYSE:AAP) Ratings Coverage

Among 26 analysts covering Advance Auto Parts Inc. (NYSE:AAP), 13 have Buy rating, 3 Sell and 10 Hold. Therefore 50% are positive. Advance Auto Parts Inc. has $217 highest and $13 lowest target. $134.36’s average target is 35.44% above currents $99.2 stock price. Advance Auto Parts Inc. had 77 analyst reports since August 5, 2015 according to SRatingsIntel. UBS maintained Advance Auto Parts, Inc. (NYSE:AAP) on Wednesday, August 5 with “Buy” rating. Jefferies maintained the shares of AAP in report on Monday, June 26 with “Hold” rating. The firm has “Sell” rating by BTIG Research given on Thursday, June 22. On Wednesday, March 15 the stock rating was maintained by Wedbush with “Outperform”. The rating was maintained by Goldman Sachs on Wednesday, April 6 with “Neutral”. As per Tuesday, November 15, the company rating was upgraded by Raymond James. The company was maintained on Friday, February 12 by RBC Capital Markets. The rating was maintained by Bank of America on Tuesday, September 5 with “Underperform”. On Friday, May 20 the stock rating was maintained by Citigroup with “Neutral”. Raymond James downgraded Advance Auto Parts, Inc. (NYSE:AAP) on Thursday, May 5 to “Market Perform” rating.

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