American Equity Investment Life Holding Company (AEL) Is At $28.54 Formed Wedge; Glg Decreased Applied Matls (AMAT) Position By $2.65 Million

Applied Materials, Inc. (NASDAQ:AMAT) Logo

American Equity Investment Life Holding Company (AEL) formed wedge down with $26.83 target or 6.00% below today’s $28.54 share price. American Equity Investment Life Holding Company (AEL) has $2.57B valuation. The stock decreased 0.63% or $0.18 during the last trading session, reaching $28.54. About 564,592 shares traded or 14.15% up from the average. American Equity Investment Life Holding Company (NYSE:AEL) has risen 26.66% since May 17, 2017 and is uptrending. It has outperformed by 15.11% the S&P500.

Glg Llc decreased Applied Matls Inc (AMAT) stake by 49.73% reported in 2017Q4 SEC filing. Glg Llc sold 52,000 shares as Applied Matls Inc (AMAT)’s stock rose 6.49%. The Glg Llc holds 52,564 shares with $2.69M value, down from 104,564 last quarter. Applied Matls Inc now has $57.97B valuation. The stock increased 2.00% or $1.08 during the last trading session, reaching $55.17. About 9.35M shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 42.67% since May 17, 2017 and is uptrending. It has outperformed by 31.12% the S&P500.

Analysts await American Equity Investment Life Holding Company (NYSE:AEL) to report earnings on August, 1. They expect $0.85 earnings per share, up 19.72% or $0.14 from last year’s $0.71 per share. AEL’s profit will be $76.57 million for 8.39 P/E if the $0.85 EPS becomes a reality. After $0.85 actual earnings per share reported by American Equity Investment Life Holding Company for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since February 21, 2018, it had 0 insider purchases, and 4 selling transactions for $5.52 million activity. $637,002 worth of American Equity Investment Life Holding Company (NYSE:AEL) was sold by MATOVINA JOHN M. $3.36 million worth of American Equity Investment Life Holding Company (NYSE:AEL) shares were sold by RICHARDSON DEBRA J. The insider Clark Alexander Meeker sold 2,500 shares worth $81,863. Another trade for 47,750 shares valued at $1.44M was made by Grensteiner Ronald James on Friday, March 23.

Among 12 analysts covering American Equity Investment Life (NYSE:AEL), 4 have Buy rating, 1 Sell and 7 Hold. Therefore 33% are positive. American Equity Investment Life has $38.0 highest and $20 lowest target. $30’s average target is 5.12% above currents $28.54 stock price. American Equity Investment Life had 40 analyst reports since August 10, 2015 according to SRatingsIntel. As per Tuesday, May 23, the company rating was maintained by RBC Capital Markets. FBR Capital maintained it with “Outperform” rating and $32 target in Monday, December 7 report. The rating was initiated by JP Morgan with “Neutral” on Friday, January 8. RBC Capital Markets maintained the shares of AEL in report on Friday, December 8 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, February 8 with “Buy”. RBC Capital Markets maintained it with “Buy” rating and $2800 target in Monday, July 31 report. The company was initiated on Thursday, January 26 by Citigroup. Keefe Bruyette & Woods maintained the stock with “Hold” rating in Thursday, December 21 report. On Thursday, February 8 the stock rating was maintained by SunTrust with “Buy”. FBR Capital maintained American Equity Investment Life Holding Company (NYSE:AEL) on Wednesday, February 7 with “Hold” rating.

Investors sentiment increased to 1.86 in Q4 2017. Its up 0.60, from 1.26 in 2017Q3. It increased, as 13 investors sold American Equity Investment Life Holding Company shares while 57 reduced holdings. 47 funds opened positions while 83 raised stakes. 80.86 million shares or 0.77% less from 81.49 million shares in 2017Q3 were reported. Bridgeway Mngmt Inc owns 184,200 shares. 65,740 are held by New York State Teachers Retirement. Bnp Paribas Arbitrage reported 0% of its portfolio in American Equity Investment Life Holding Company (NYSE:AEL). New York-based Renaissance Tech Limited Liability Com has invested 0.01% in American Equity Investment Life Holding Company (NYSE:AEL). Advisory Ser Ntwk Ltd Com holds 0% or 228 shares in its portfolio. Pacad Inv Ltd holds 0% or 200 shares in its portfolio. Amundi Pioneer Asset holds 0% or 55,800 shares in its portfolio. Acadian Asset Management Limited Co, a Massachusetts-based fund reported 11,774 shares. Automobile Association accumulated 81,205 shares or 0.01% of the stock. Huntington Bankshares has invested 0% in American Equity Investment Life Holding Company (NYSE:AEL). Cipher Capital Ltd Partnership has 81,086 shares for 0.2% of their portfolio. Goldman Sachs Group Incorporated accumulated 916,109 shares. Fuller And Thaler Asset accumulated 2,200 shares. Manufacturers Life Ins Com The reported 65,605 shares or 0% of all its holdings. Moreover, Northwestern Mutual Wealth has 0% invested in American Equity Investment Life Holding Company (NYSE:AEL) for 40 shares.

Glg Llc increased Ingersoll (NYSE:IR) stake by 172,632 shares to 200,000 valued at $17.84 million in 2017Q4. It also upped Freeport (NYSE:FCX) stake by 70,939 shares and now owns 296,339 shares. Perkinelmer Inc (NYSE:PKI) was raised too.

Since December 29, 2017, it had 0 insider buys, and 4 insider sales for $10.41 million activity. Nalamasu Omkaram sold $2.83M worth of stock. The insider Iannotti Thomas J sold $922,050. The insider Salehpour Ali sold $6.44M. On Wednesday, January 3 Forrest Stephen R sold $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) or 4,000 shares.

More important recent Applied Materials, Inc. (NASDAQ:AMAT) news were published by: Seekingalpha.com which released: “Semi capital equipment stocks move on Citi note” on May 14, 2018, also Benzinga.com published article titled: “10 Stocks To Watch For May 17, 2018”, Seekingalpha.com published: “Highlights from Appaloosa’s Q1” on May 15, 2018. More interesting news about Applied Materials, Inc. (NASDAQ:AMAT) was released by: Streetinsider.com and their article: “Applied Materials (AMAT) PT Maintained at $71 at Stifel; ‘Display More than OLED, Gen 10.5 LCD Provides Own …” with publication date: May 16, 2018.

American Equity Investment Life Holding Company (NYSE:AEL) Institutional Positions Chart