Levin Capital Strategies L.P. lessened its holdings in AXA Equitable Holdings Inc (NYSE:EQH) by 59.8% during the fourth quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 16,797 shares of the company’s stock after selling 24,990 shares during the quarter. Levin Capital Strategies L.P.’s holdings in AXA Equitable were worth $279,000 as of its most recent SEC filing.
Several other hedge funds have also made changes to their positions in the company. Pzena Investment Management LLC lifted its position in shares of AXA Equitable by 20.0% in the third quarter. Pzena Investment Management LLC now owns 14,103,921 shares of the company’s stock worth $302,529,000 after purchasing an additional 2,353,431 shares in the last quarter. Vanguard Group Inc. lifted its position in shares of AXA Equitable by 1.8% in the third quarter. Vanguard Group Inc. now owns 12,848,848 shares of the company’s stock worth $275,608,000 after purchasing an additional 233,204 shares in the last quarter. Vanguard Group Inc raised its position in AXA Equitable by 1.8% during the third quarter. Vanguard Group Inc now owns 12,848,848 shares of the company’s stock worth $275,608,000 after acquiring an additional 233,204 shares in the last quarter. Thornburg Investment Management Inc. raised its position in AXA Equitable by 16.4% during the third quarter. Thornburg Investment Management Inc. now owns 9,646,777 shares of the company’s stock worth $206,923,000 after acquiring an additional 1,356,525 shares in the last quarter. Finally, OppenheimerFunds Inc. raised its position in AXA Equitable by 10.7% during the third quarter. OppenheimerFunds Inc. now owns 9,374,675 shares of the company’s stock worth $201,087,000 after acquiring an additional 907,548 shares in the last quarter. 28.51% of the stock is currently owned by institutional investors and hedge funds.
Several analysts have issued reports on EQH shares. Zacks Investment Research lowered shares of AXA Equitable from a “hold” rating to a “sell” rating in a research report on Thursday, February 7th. ValuEngine lowered shares of AXA Equitable from a “hold” rating to a “sell” rating in a research report on Friday, December 21st. Finally, Wells Fargo & Co started coverage on shares of AXA Equitable in a research report on Tuesday, January 8th. They set a “market perform” rating and a $20.00 price target on the stock. One analyst has rated the stock with a sell rating, six have given a hold rating and eight have given a buy rating to the company’s stock. The stock currently has a consensus rating of “Hold” and a consensus price target of $24.62.
Shares of EQH opened at $18.73 on Wednesday. AXA Equitable Holdings Inc has a fifty-two week low of $14.72 and a fifty-two week high of $23.21.
AXA Equitable (NYSE:EQH) last issued its quarterly earnings data on Tuesday, November 13th. The company reported $1.23 earnings per share for the quarter, beating the Thomson Reuters’ consensus estimate of $0.91 by $0.32. The company had revenue of $1.08 billion during the quarter, compared to the consensus estimate of $3.16 billion. As a group, equities analysts expect that AXA Equitable Holdings Inc will post 3.87 EPS for the current year.
AXA Equitable Company Profile
AXA Equitable Holdings, Inc provides various financial services worldwide. It operates through four segments: Individual Retirement, Group Retirement, Investment Management and Research, and Protection Solutions. The Individual Retirement segment offers a suite of variable annuity products, which are primarily sold to affluent and high net worth individuals.
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