Telemetry Investments L.l.c. adds PrivateBancorp Inc (PVTB) to its portfolio

PrivateBancorp Inc (PVTB) : Telemetry Investments L.l.c. added new position in PrivateBancorp Inc during the most recent quarter end. The investment management firm now holds 32,000 shares of PrivateBancorp Inc which is valued at $1,465,920 , the company said in a statement filed on Nov 14, 2016 with the SEC.PrivateBancorp Inc makes up approximately 2.43% of Telemetry Investments L.l.c.’s portfolio.

Other Hedge Funds, Including , Manufacturers Life Insurance Company The boosted its stake in PVTB in the latest quarter, The investment management firm added 3,429 additional shares and now holds a total of 158,692 shares of PrivateBancorp Inc which is valued at $7,236,355. PrivateBancorp Inc makes up approx 0.01% of Manufacturers Life Insurance Company The’s portfolio.Marshall Wace Llp boosted its stake in PVTB in the latest quarter, The investment management firm added 177,306 additional shares and now holds a total of 270,000 shares of PrivateBancorp Inc which is valued at $12,355,200. PrivateBancorp Inc makes up approx 0.09% of Marshall Wace Llp’s portfolio. Kistler-tiffany Companies sold out all of its stake in PVTB during the most recent quarter. The investment firm sold 6 shares of PVTB which is valued $271.Bnp Paribas Investment Partners S.a. boosted its stake in PVTB in the latest quarter, The investment management firm added 11,971 additional shares and now holds a total of 170,125 shares of PrivateBancorp Inc which is valued at $7,570,563. PrivateBancorp Inc makes up approx 0.07% of Bnp Paribas Investment Partners S.a.’s portfolio.Chicago Equity Partners reduced its stake in PVTB by selling 130,290 shares or 72.89% in the most recent quarter. The Hedge Fund company now holds 48,465 shares of PVTB which is valued at $2,192,557. PrivateBancorp Inc makes up approx 0.06% of Chicago Equity Partners’s portfolio.

PrivateBancorp Inc opened for trading at $46.17 and hit $46.33 on the upside on Monday, eventually ending the session at $46.24, with a gain of 0.26% or 0.12 points. The heightened volatility saw the trading volume jump to 8,44,081 shares. Company has a market cap of $3,685 M.

On the company’s financial health, PrivateBancorp Inc reported $0.60 EPS for the quarter, missing the analyst consensus estimate by $ -0.05 based on the information available during the earnings call on Oct 20, 2016. Analyst had a consensus of $0.65. The company had revenue of $183.12 million for the quarter, compared to analysts expectations of $181.50 million. The company’s revenue was up 13.0% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.57 EPS.

PrivateBancorp Inc. is a bank holding company. The Company provides financial services to middle market companies as well as business owners executives entrepreneurs and families in all the markets and communities it serves. The Company provides a range of commercial real estate and personal lending products and services to its clients. The Company has three operating segments: Banking Asset Management and Holding Company activities. Its Banking segment includes commercial banking community banking and the private banking business within private wealth. The Company’s Asset Management segment includes certain activities of its PrivateWealth group including investment management personal trust and estate administration custodial and escrow retirement account administration and brokerage services. The activities of the Holding Company Activities segment include the direct and indirect ownership of its banking subsidiary the issuance of debt and intersegment eliminations.

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