AllianceBernstein Holding L.P. (NYSE:AB) Stock Holdings Trimmed by Flagship Harbor Advisors LLC

Flagship Harbor Advisors LLC reduced its position in AllianceBernstein Holding L.P. (NYSE:AB) by 4.8% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 9,204 shares of the asset manager’s stock after selling 464 shares during the quarter. Flagship Harbor Advisors LLC’s holdings in AllianceBernstein were worth $341,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors have also recently bought and sold shares of AB. NBC Securities Inc. grew its holdings in shares of AllianceBernstein by 80.8% during the third quarter. NBC Securities Inc. now owns 736 shares of the asset manager’s stock valued at $25,000 after purchasing an additional 329 shares during the last quarter. Truvestments Capital LLC bought a new position in shares of AllianceBernstein during the third quarter valued at approximately $31,000. FSA Wealth Management LLC bought a new position in shares of AllianceBernstein during the third quarter valued at approximately $36,000. Farther Finance Advisors LLC grew its holdings in shares of AllianceBernstein by 115.4% during the third quarter. Farther Finance Advisors LLC now owns 1,426 shares of the asset manager’s stock valued at $50,000 after purchasing an additional 764 shares during the last quarter. Finally, CWM LLC grew its holdings in shares of AllianceBernstein by 740.7% during the third quarter. CWM LLC now owns 2,270 shares of the asset manager’s stock valued at $79,000 after purchasing an additional 2,000 shares during the last quarter. 19.25% of the stock is owned by institutional investors.

Analyst Upgrades and Downgrades

Several research firms have recently commented on AB. The Goldman Sachs Group upped their target price on AllianceBernstein from $40.75 to $41.00 and gave the company a “buy” rating in a report on Thursday, October 3rd. Barclays reduced their price objective on AllianceBernstein from $39.00 to $36.00 and set an “equal weight” rating for the company in a research report on Monday, December 9th. Finally, Evercore ISI boosted their price objective on AllianceBernstein from $43.00 to $45.00 and gave the stock an “outperform” rating in a research report on Thursday, November 7th. One equities research analyst has rated the stock with a hold rating and four have issued a buy rating to the company’s stock. According to MarketBeat.com, AllianceBernstein currently has an average rating of “Moderate Buy” and a consensus target price of $42.40.

AllianceBernstein Price Performance

AB opened at $39.53 on Thursday. The company has a market capitalization of $4.55 billion, a price-to-earnings ratio of 11.33, a price-to-earnings-growth ratio of 0.81 and a beta of 1.20. AllianceBernstein Holding L.P. has a 1-year low of $30.57 and a 1-year high of $40.86. The business has a 50 day moving average price of $36.90 and a two-hundred day moving average price of $35.79.

AllianceBernstein Company Profile

AllianceBernstein Holding L.P. is a publicly owned investment manager. The firm is a related adviser The firm manages separate client focused portfolios for its clients. The firm primarily invests in common and preferred stocks, warrants and convertible securities, government and corporate fxed-income securities, commodities, currencies, real estate-related assets and infation-protected securities.