Owl Creek Asset Management LP Has Trimmed Its Cit Group (CIT) Position as Share Price Rose; United Technologies (UTX) Holder Wealthtrust-Arizona Boosted Its Stake by $322,134 as Stock Value Rose

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Wealthtrust-Arizona Llc increased its stake in United Technologies Corp (UTX) by 1960.65% based on its latest 2018Q4 regulatory filing with the SEC. Wealthtrust-Arizona Llc bought 3,039 shares as the company’s stock rose 2.45% with the market. The institutional investor held 3,194 shares of the aerospace company at the end of 2018Q4, valued at $340,000, up from 155 at the end of the previous reported quarter. Wealthtrust-Arizona Llc who had been investing in United Technologies Corp for a number of months, seems to be bullish on the $111.15 billion market cap company. The stock increased 1.27% or $1.62 during the last trading session, reaching $128.89. About 3.05 million shares traded. United Technologies Corporation (NYSE:UTX) has declined 3.50% since March 31, 2018 and is downtrending. It has underperformed by 7.87% the S&P500. Some Historical UTX News: 16/03/2018 – UNITED TECHNOLOGIES SEES 2018 ADJ. EPS $6.85-$7.10, EST. $7.25; 12/04/2018 – RadioResource: UTC Requests Federal Funding for Communications R&D; 01/05/2018 – Otis Launches “Signature Service”; 08/03/2018 – BOEING CEO SAYS PRIORITIES FOR CASH REMAIN ORGANIC INVESTMENT, RETURN TO SHAREHOLDERS FOLLOWED BY M&A; 04/05/2018 – UNITED TECHNOLOGIES CORP SAYS EXPECT A FULL REVIEW OF THE UTC PORTFOLIO TO BE COMPLETED IN 2018; 24/04/2018 – UNITED TECHNOLOGIES UTX.N EXPECTS TO MEET PRATT ENGINE DELIVERIES TO AIRBUS FOR FULL YEAR-CFO; 04/05/2018 – Loeb and United Technologies spar over break-up; 18/04/2018 – RadioResource: UTC Asks Lawmakers to Require FCC, FERC Meetings; 24/04/2018 – United Technologies Raises 2018 View To Sales $63B-$64.5B; 24/04/2018 – UNITED TECH SAYS SEEN NO IMPACT ON CLIMATE, CONTROLS & SECURITY AND OTIS BUSINESSES IN CHINA DUE TO POTENTIAL TARIFFS – CONF CALL

Owl Creek Asset Management Lp decreased its stake in Cit Group Inc (CIT) by 75.44% based on its latest 2018Q4 regulatory filing with the SEC. Owl Creek Asset Management Lp sold 1.71M shares as the company’s stock rose 10.33% with the market. The hedge fund held 556,946 shares of the consumer services company at the end of 2018Q4, valued at $21.31M, down from 2.27 million at the end of the previous reported quarter. Owl Creek Asset Management Lp who had been investing in Cit Group Inc for a number of months, seems to be less bullish one the $4.84B market cap company. The stock decreased 0.08% or $0.04 during the last trading session, reaching $47.97. About 1.07M shares traded or 9.54% up from the average. CIT Group Inc. (NYSE:CIT) has declined 4.04% since March 31, 2018 and is downtrending. It has underperformed by 8.41% the S&P500. Some Historical CIT News: 22/05/2018 – CIT LEAD ARRANGER ON $107.5M FOR OAKLAND BROOKFIELD JV PROJECT; 22/05/2018 – CIT Serves As Sole Lead Arranger On $107.5 Million For Oakland Residential Project; 26/04/2018 – CIT GROUP INC – OFFER WILL EXPIRE ON MAY 23, 2018, UNLESS EXTENDED OR EARLIER TERMINATED BY CIT; 01/05/2018 – CIT’s Capital Equipment Financing Unit Announces New Appointments; 21/03/2018 – VTG NOW SEES CIT RAIL DEAL TO BE COMPLETED IN 2H; 06/03/2018 – CIT REPORTS PUBLIC OFFERINGS OF SR UNSECURED NOTES & SUB NOTES; 13/03/2018 – CIT Bank Launches New Money Market Account Expanding Its Product Portfolio; 15/05/2018 – CIT Northbridge Serves as Sole Lead Arranger on $30 Million Credit Facility for Alliance Time; 30/05/2018 – CIT Presenting at Morgan Stanley Financials Conference Jun 13; 26/04/2018 – CIT Announces Cash Tender Offer for Up to $500 Million of Its Common Stk

Since January 30, 2019, it had 0 buys, and 3 sales for $2.50 million activity. 9,620 shares were sold by Dumais Michael R, worth $1.15M. On Tuesday, February 5 Bailey Robert J. sold $104,916 worth of United Technologies Corporation (NYSE:UTX) or 862 shares.

Investors sentiment increased to 1.26 in 2018 Q4. Its up 0.17, from 1.09 in 2018Q3. It is positive, as 79 investors sold UTX shares while 472 reduced holdings. 143 funds opened positions while 549 raised stakes. 668.32 million shares or 6.29% more from 628.79 million shares in 2018Q3 were reported. Brighton Jones Lc accumulated 0.11% or 7,414 shares. Ramsay Stattman Vela Price, Colorado-based fund reported 60,711 shares. Parkside Bancorp Tru owns 3,221 shares. Utd Asset Strategies invested 0.3% of its portfolio in United Technologies Corporation (NYSE:UTX). Highstreet Asset Management owns 24,930 shares or 0.17% of their US portfolio. Victory Management has 135,934 shares for 0.04% of their portfolio. Yorktown Management & Company has 12,400 shares for 0.44% of their portfolio. Alpha Windward Limited Liability Company holds 0.16% in United Technologies Corporation (NYSE:UTX) or 2,019 shares. Country Tru Bankshares holds 0% or 343 shares. Benedict Advsr reported 22,444 shares. Halsey Incorporated Ct has 5,632 shares. Indiana Inv Company reported 0.45% stake. 847,622 were accumulated by Thrivent Fincl For Lutherans. Weybosset Research Limited Liability Company stated it has 0.26% of its portfolio in United Technologies Corporation (NYSE:UTX). Lipe And Dalton reported 3.68% stake.

Wealthtrust-Arizona Llc, which manages about $431.30 million and $171.72 million US Long portfolio, decreased its stake in Schwab Strategic Tr (SCHX) by 11,215 shares to 277,476 shares, valued at $16.57 million in 2018Q4, according to the filing. It also reduced its holding in Invesco Exchange Traded Fd T by 8,102 shares in the quarter, leaving it with 97,794 shares, and cut its stake in Schwab Strategic Tr (SCHA).

More notable recent United Technologies Corporation (NYSE:UTX) news were published by: which released: “RBC Upgrades Honeywell (NYSE:HON), Downgrades United Technologies (NYSE:UTX) – Benzinga” on January 04, 2019, also Seekingalpha.com with their article: “My Wife’s Freaky Concentrated Market-Crushing U.S. Dividend Growth Portfolio – Seeking Alpha” published on March 26, 2019, Fool.com published: “Forget General Electric, United Technologies Is a Better Buy – The Motley Fool” on March 27, 2019. More interesting news about United Technologies Corporation (NYSE:UTX) were released by: Courant.com and their article: “UTC, citing aviation deal and spinoff plan, boosted chief executive’s 2018 pay and bonus – Hartford Courant” published on March 04, 2019 as well as Globenewswire.com‘s news article titled: “Carrier AquaEdge 19DV Marks a Cumulative Cooling Capacity Milestone – GlobeNewswire” with publication date: March 22, 2019.

Investors sentiment increased to 0.69 in 2018 Q4. Its up 0.02, from 0.67 in 2018Q3. It improved, as 35 investors sold CIT shares while 104 reduced holdings. 32 funds opened positions while 64 raised stakes. 100.69 million shares or 8.39% less from 109.91 million shares in 2018Q3 were reported. Rafferty Asset Management Lc reported 0.02% of its portfolio in CIT Group Inc. (NYSE:CIT). Mirae Asset Glob holds 21,866 shares or 0.01% of its portfolio. Arizona State Retirement has 0.02% invested in CIT Group Inc. (NYSE:CIT). Putnam Invs Ltd Company has invested 0.01% in CIT Group Inc. (NYSE:CIT). Moreover, Citadel Advsrs Limited Liability Corp has 0% invested in CIT Group Inc. (NYSE:CIT). Comerica Fincl Bank holds 0% or 5,826 shares. Birch Run Capital Lp has 4.65% invested in CIT Group Inc. (NYSE:CIT) for 303,000 shares. Susquehanna Int Grp Incorporated Ltd Liability Partnership invested 0% in CIT Group Inc. (NYSE:CIT). Dubuque National Bank And Trust holds 153 shares or 0% of its portfolio. holds 0.01% of its portfolio in CIT Group Inc. (NYSE:CIT) for 244 shares. Oppenheimer Asset Management owns 0% invested in CIT Group Inc. (NYSE:CIT) for 4,521 shares. Fdx Advisors accumulated 8,074 shares or 0.01% of the stock. Ameriprise Fin Inc holds 0% or 73,869 shares. 776 were accumulated by Cornerstone Advisors. Hotchkis & Wiley Cap Llc invested in 0.52% or 3.08M shares.

Analysts await CIT Group Inc. (NYSE:CIT) to report earnings on April, 23. They expect $1.12 EPS, up 51.35% or $0.38 from last year’s $0.74 per share. CIT’s profit will be $112.91 million for 10.71 P/E if the $1.12 EPS becomes a reality. After $1.21 actual EPS reported by CIT Group Inc. for the previous quarter, Wall Street now forecasts -7.44% negative EPS growth.

United Technologies Corporation (NYSE:UTX) Institutional Positions Chart

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