Cumberland Partners LTD Increased Holding in Hanesbrands INC (HBI) by $13.79 Million as Market Valuation Declined

April 7, 2018 - By James Rodriguez

Big Money Sentiment decreased to 1.11 in Q4 2017. It has 0.04, from change from 2017Q3’s 1.15. The ratio worsened due to HBI positioning: 75 sold and 173 reduced. 79 funds acquired positions and 197 increased positions. Investors holded 334.65 million in 2017Q3 but now own 337.77 million shares or 0.93% more. Eqis Cap Management stated it has 0.13% in Hanesbrands Inc. (NYSE:HBI). Sit Inv Assoc Inc holds 0% or 3,175 shs. Wells Fargo & Co Mn stated it has 0.03% of its capital in Hanesbrands Inc. (NYSE:HBI). 250,315 are held by Princeton Port Strategies Grp Ltd Limited Liability Company. Spark Inv Mgmt Lc holds 0.61% in Hanesbrands Inc. (NYSE:HBI) or 546,400 shs. Millennium Management Ltd Liability Company reported 0.08% stake. Baldwin Brothers Ma owns 2,750 shs for 0.01% of their capital. Andra Ap reported 0.04% of its capital in Hanesbrands Inc. (NYSE:HBI). Cumberland Prtn, Ontario – Canada-based fund reported 1.54 million shs. Waddell And Reed accumulated 0% or 19,000 shs. M Kraus & Com holds 123,075 shs or 1.56% of its capital. 34,352 were reported by Alethea Mgmt Ltd Llc. Sun Life Fin Inc, a Ontario – Canada-based fund reported 799 shs. Ngam LP accumulated 124,838 shs. Clark Estates Incorporated holds 1.10 million shs or 3.8% of its capital.

HBI had 1 sale and 0 buys since February 15, 2018. This’s net activity of $1.07 million.

In 2017Q4 SEC filling is reported Andrew Wallach’s holdings in Hanesbrands Inc (HBI) which was upped by 81.14%. 689,305 shares were bought by Cumberland Partners Ltd as the company’s stock declined 7.94% with the market. At the end of 2017Q4, the 1.54 million shares of the clothing and shoe and accessory stores company held by the hedge fund run by Andrew Wallach were valued at $32.18 million, up from 849,550 at the end of the previous reported quarter. $6.80 billion is Hanesbrands Inc’s MC. The stock decreased 1.77% or $0.34 during the last trading session, reaching $18.88.Hanesbrands Inc. has volume of 5.24 million shares. Since April 7, 2017 HBI has declined 8.16% and is downtrending. HBI underperformed the S&P 500 by 19.71%.

Cumberland Partners Ltd operates about $759.83M US Long portfolio. It reduced its stake in Metlife Inc (NYSE:MET) by 72,150 shares to 217,000 shares, valued at $10.97M in 2017Q4, according to the filing. For a total of 573,734 shares it reduced its holding in Toronto Dominion Bank (NYSE:TD) by 102,821 shares in the quarter, and has cut its stake in Cigna Corp (NYSE:CI).

Hanesbrands Inc. (NYSE:HBI) Ratings Coverage

A total of 14 analysts rate Hanesbrands (NYSE:HBI) as follows: 6 “Buy”, 8 “Hold” and 0 “Sell”. Тherefore 43% are bullish. (NYSE:HBI) has 19 ratings reports on 7 Apr 2018 according to StockzIntelligence. On Friday, February 9 Citigroup maintained Hanesbrands Inc. (NYSE:HBI) with “Neutral” rating. On Thursday, February 8 FBR Capital maintained the shares of HBI in report with “Buy” rating. The company rating was initiated by Deutsche Bank on Monday, October 23. On Friday, February 9 the firm has “Buy” rating given by B. Riley & Co. On Thursday, November 2 the rating was maintained by Stifel Nicolaus with “Hold”. On Thursday, November 2 Morgan Stanley maintained the shares of HBI in report with “Equal-Weight” rating. On Tuesday, October 24 the firm earned “Perform” rating by Oppenheimer. On Thursday, February 8 the firm earned “Hold” rating by Stifel Nicolaus. On Friday, February 9 the company was maintained by Wells Fargo. On Thursday, November 2 the rating was maintained by Barclays Capital with “Overweight”.

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