United Insurance Holdings Corp. (UIHC) Forms $18.93 Double Top; Canyon Capital Advisors Has Raised Its Bank Amer (BAC) Position

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United Insurance Holdings Corp. (UIHC) formed double top with $19.50 target or 3.00% above today’s $18.93 share price. United Insurance Holdings Corp. (UIHC) has $809.32M valuation. The stock decreased 0.37% or $0.07 during the last trading session, reaching $18.93. About 38,863 shares traded. United Insurance Holdings Corp. (NASDAQ:UIHC) has risen 23.54% since May 4, 2017 and is uptrending. It has outperformed by 11.99% the S&P500.

Canyon Capital Advisors Llc increased Bank Amer Corp (BAC) stake by 89.58% reported in 2017Q4 SEC filing. Canyon Capital Advisors Llc acquired 894,939 shares as Bank Amer Corp (BAC)’s stock declined 1.20%. The Canyon Capital Advisors Llc holds 1.89M shares with $55.91M value, up from 999,000 last quarter. Bank Amer Corp now has $297.14B valuation. The stock decreased 1.28% or $0.38 during the last trading session, reaching $29.2. About 110.67M shares traded or 44.83% up from the average. Bank of America Corporation (NYSE:BAC) has risen 28.18% since May 4, 2017 and is uptrending. It has outperformed by 16.63% the S&P500.

Since December 15, 2017, it had 2 insider purchases, and 0 sales for $41,661 activity. The insider Maroney Patrick bought $16,596. The insider POITEVINT ALEC II bought $25,065.

Analysts await United Insurance Holdings Corp. (NASDAQ:UIHC) to report earnings on May, 8. They expect $0.44 EPS, up 144.44% or $0.26 from last year’s $0.18 per share. UIHC’s profit will be $18.81M for 10.76 P/E if the $0.44 EPS becomes a reality. After $0.77 actual EPS reported by United Insurance Holdings Corp. for the previous quarter, Wall Street now forecasts -42.86% negative EPS growth.

Investors sentiment decreased to 1.07 in 2017 Q4. Its down 0.18, from 1.25 in 2017Q3. It dived, as 11 investors sold United Insurance Holdings Corp. shares while 33 reduced holdings. 12 funds opened positions while 35 raised stakes. 13.51 million shares or 2.54% more from 13.17 million shares in 2017Q3 were reported. Indexiq Advsr invested 0.06% of its portfolio in United Insurance Holdings Corp. (NASDAQ:UIHC). Icon Advisers holds 83,900 shares. American International Grp Incorporated accumulated 16,369 shares. Philadelphia Financial Management Of San Francisco Ltd Liability holds 3.14% or 1.23M shares in its portfolio. 8 are held by Atlantic Trust Gru Llc. Legal & General Public Ltd Llc invested 0% in United Insurance Holdings Corp. (NASDAQ:UIHC). Stadium Mngmt Limited Liability stated it has 10.29% in United Insurance Holdings Corp. (NASDAQ:UIHC). Virtu Financial invested in 0.01% or 11,597 shares. Ny State Common Retirement Fund has 0% invested in United Insurance Holdings Corp. (NASDAQ:UIHC) for 18,400 shares. Great West Life Assurance Company Can owns 31,265 shares. Synovus Corporation holds 0% or 13,043 shares. Principal Financial Group Inc has 153,554 shares. 4,862 are owned by Citigroup Incorporated. Texas Permanent School Fund holds 0% or 13,872 shares in its portfolio. Pitcairn Co invested in 18,639 shares or 0.03% of the stock.

Among 5 analysts covering United Insurance Holdings Corporation (NASDAQ:UIHC), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. United Insurance Holdings Corporation has $21 highest and $18 lowest target. $20’s average target is 5.65% above currents $18.93 stock price. United Insurance Holdings Corporation had 11 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, November 2 the stock rating was downgraded by JMP Securities to “Mkt Underperform”. The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) has “Strong Buy” rating given on Thursday, February 9 by Raymond James. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, January 15. The rating was maintained by Keefe Bruyette & Woods on Wednesday, September 20 with “Buy”. The stock of United Insurance Holdings Corp. (NASDAQ:UIHC) earned “Mkt Perform” rating by JMP Securities on Tuesday, January 19. The firm has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, August 17 by Keefe Bruyette & Woods. The stock has “Buy” rating by Wells Fargo on Wednesday, August 9. The firm earned “Market Perform” rating on Wednesday, August 9 by JMP Securities.

More notable recent Bank of America Corporation (NYSE:BAC) news were published by: Investorplace.com which released: “Bank of America Corp Stock Is Back in a Really Big Way” on May 03, 2018, also Bizjournals.com with their article: “Banking Roundup: Wells Fargo under another Fed probe… BofA CEO talks dangers of technology… Banks saving …” published on May 02, 2018, Seekingalpha.com published: “Bank Of America: Into The Home Straight?” on April 23, 2018. More interesting news about Bank of America Corporation (NYSE:BAC) were released by: Benzinga.com and their article: “Banking Fintech Zenmonics Looks To Put Bankers And Clients On The Same Page” published on May 01, 2018 as well as Streetinsider.com‘s news article titled: “Bank of America (BAC) option implied volatility flat, large holding of Berkshire Hathaway into annual shareholder meeting” with publication date: May 04, 2018.

Canyon Capital Advisors Llc decreased Ardagh Group S A stake by 120,324 shares to 2.65 million valued at $55.90 million in 2017Q4. It also reduced Dell Technologies Inc stake by 193,751 shares and now owns 382,117 shares. Ocean Rig Udw Inc was reduced too.

United Insurance Holdings Corp. (NASDAQ:UIHC) Institutional Positions Chart