Luxor Capital Group LP Decreased Its Ally Finl INC (Call) (ALLY) Stake by $43.79 Million as Stock Value Declined

August 9, 2018 - By Megan Stone

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Luxor Capital Group Lp decreased its stake in Ally Finl Inc (Call) (ALLY) by 84.39% based on its latest 2018Q1 regulatory filing with the SEC. Luxor Capital Group Lp sold 1.62M shares as the company’s stock declined 4.44% with the market. The hedge fund held 300,000 shares of the consumer services company at the end of 2018Q1, valued at $8.15 million, down from 1.92M at the end of the previous reported quarter. Luxor Capital Group Lp who had been investing in Ally Finl Inc (Call) for a number of months, seems to be less bullish one the $11.68B market cap company. The stock increased 1.06% or $0.29 during the last trading session, reaching $27.68. About 470,866 shares traded. Ally Financial Inc. (NYSE:ALLY) has risen 40.71% since August 9, 2017 and is uptrending. It has outperformed by 28.14% the S&P500.

Luxor Capital Group Lp, which manages about $10.73 billion and $2.95B US Long portfolio, upped its stake in Angi Homeservices Inc by 6.46 million shares to 11.66 million shares, valued at $158.28M in 2018Q1, according to the filing. It also increased its holding in Amc Entmt Hldgs Inc (NYSE:AMC) by 1.71 million shares in the quarter, for a total of 2.15 million shares, and has risen its stake in Iac Interactivecorp (NASDAQ:IACI).

Analysts await Ally Financial Inc. (NYSE:ALLY) to report earnings on October, 24. They expect $0.79 earnings per share, up 21.54 % or $0.14 from last year’s $0.65 per share. ALLY’s profit will be $333.44 million for 8.76 P/E if the $0.79 EPS becomes a reality. After $0.83 actual earnings per share reported by Ally Financial Inc. for the previous quarter, Wall Street now forecasts -4.82 % negative EPS growth.

Another recent and important Ally Financial Inc. (NYSE:ALLY) news was published by Prnewswire.com which published an article titled: “Ally Appoints Brian Sharples and Trynka Shineman to Board of Directors” on August 07, 2018.

Ally Financial Inc. (NYSE:ALLY) Ratings Coverage

Among 12 analysts covering Ally Financial (NYSE:ALLY), 7 have Buy rating, 0 Sell and 5 Hold. Therefore 58% are positive. Ally Financial had 15 analyst reports since March 15, 2018 according to SRatingsIntel. Oppenheimer maintained it with “Buy” rating and $3800 target in Monday, April 2 report. UBS initiated it with “Buy” rating and $3300 target in Tuesday, March 27 report. Oppenheimer maintained the stock with “Buy” rating in Thursday, April 12 report. Bank of America upgraded it to “Buy” rating and $35 target in Monday, July 30 report. The rating was upgraded by Janney Capital on Friday, June 29 to “Buy”. BMO Capital Markets maintained Ally Financial Inc. (NYSE:ALLY) on Monday, March 19 with “Market Perform” rating. BTIG Research maintained the shares of ALLY in report on Thursday, March 15 with “Buy” rating. The firm has “Hold” rating given on Tuesday, June 19 by Nomura. The stock has “Hold” rating by Sandler O’Neill on Thursday, March 15. The firm has “Hold” rating by BMO Capital Markets given on Friday, March 16.

Ally Financial Inc. (NYSE:ALLY) Ratings Chart

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