SunTrust Robinson Reconfirms a Buy Rating on Pennantpark Floating Rate (PFLT) and $14.0 Target; Shorts at Keycorp New (KEY) Lowered By 6.96%

Keycorp New (NYSE:KEY) had a decrease of 6.96% in short interest. KEY’s SI was 14.82M shares in February as released by FINRA. Its down 6.96% from 15.93 million shares previously. With 11.38M avg volume, 1 days are for Keycorp New (NYSE:KEY)’s short sellers to cover KEY’s short positions. The stock increased 1.54% or $0.31 during the last trading session, reaching $20.39. About 16.41 million shares traded or 57.72% up from the average. KeyCorp (NYSE:KEY) has risen 43.10% since February 10, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

Among 8 analysts covering PennantPark Floating Rate Capital (NASDAQ:PFLT), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. PennantPark Floating Rate Capital has $15.5000 highest and $13 lowest target. $14.34’s average target is 17.64% above currents $12.19 stock price. PennantPark Floating Rate Capital had 14 analyst reports since August 26, 2015 according to SRatingsIntel. Ladenburg Thalmann upgraded the stock to “Buy” rating in Thursday, May 11 report. The stock of PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has “Buy” rating given on Friday, December 1 by Maxim Group. The stock has “Buy” rating by Maxim Group on Tuesday, October 17. The firm earned “Buy” rating on Thursday, October 5 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Friday, November 25 by Maxim Group. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Sunday, July 23. On Wednesday, August 26 the stock rating was maintained by Wood with “Market Perform”. Maxim Group maintained the shares of PFLT in report on Monday, November 16 with “Buy” rating. On Wednesday, August 26 the stock rating was upgraded by Zacks to “Hold”. The stock has “Buy” rating by Maxim Group on Wednesday, August 9.

The stock decreased 6.80% or $0.89 during the last trading session, reaching $12.19. About 1.57 million shares traded or 426.40% up from the average. PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT) has risen 19.25% since February 10, 2017 and is uptrending. It has outperformed by 2.55% the S&P500.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.05, from 1.29 in 2017Q2. It is negative, as 8 investors sold PennantPark Floating Rate Capital Ltd. shares while 21 reduced holdings. 11 funds opened positions while 25 raised stakes. 8.63 million shares or 7.11% more from 8.06 million shares in 2017Q2 were reported. 113,339 are held by Hightower Advisors Ltd Company. Confluence Mngmt Limited Liability Corporation accumulated 171,462 shares. 163,704 are held by Stifel Fincl Corp. Magnetar Fin Lc invested in 0.02% or 55,080 shares. Atwood Palmer reported 640 shares. Cambridge Investment Rech Advisors Inc stated it has 10,172 shares or 0% of all its holdings. Nine Chapters Cap Mgmt Ltd Co holds 44,300 shares. Focused Wealth Mngmt invested 0% of its portfolio in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Ubs Asset Mgmt Americas owns 3,843 shares. New York-based Millennium Ltd Liability Corp has invested 0% in PennantPark Floating Rate Capital Ltd. (NASDAQ:PFLT). Arrowstreet L P holds 0.01% or 262,596 shares in its portfolio. Cue Incorporated accumulated 152,151 shares or 1.53% of the stock. Css Limited Com Il reported 95,954 shares. Lpl Fincl Ltd Liability Com stated it has 11,602 shares. Commonwealth Equity holds 42,952 shares.

Among 34 analysts covering Keycorp (NYSE:KEY), 21 have Buy rating, 2 Sell and 11 Hold. Therefore 62% are positive. Keycorp had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The firm has “Hold” rating by Standpoint Research given on Monday, November 21. FBR Capital maintained KeyCorp (NYSE:KEY) rating on Tuesday, October 25. FBR Capital has “Outperform” rating and $16 target. On Thursday, January 18 the stock rating was maintained by Susquehanna with “Hold”. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by FBR Capital on Thursday, July 20. Jefferies maintained it with “Buy” rating and $2100 target in Friday, August 11 report. The rating was maintained by Robert W. Baird on Friday, October 6 with “Hold”. The firm has “Hold” rating given on Thursday, January 18 by Sandler O’Neill. Deutsche Bank downgraded KeyCorp (NYSE:KEY) on Monday, November 9 to “Hold” rating. RBC Capital Markets maintained KeyCorp (NYSE:KEY) rating on Thursday, October 19. RBC Capital Markets has “Buy” rating and $21.0 target. On Monday, August 24 the stock rating was upgraded by Vetr to “Buy”.

Since October 24, 2017, it had 1 insider purchase, and 3 selling transactions for $1.16 million activity. Harris Paul N also sold $51,122 worth of KeyCorp (NYSE:KEY) shares. Buffie Craig A sold $250,639 worth of stock or 11,819 shares. Paine Andrew J III sold 46,854 shares worth $869,610. Midkiff Mark W also bought $9,998 worth of KeyCorp (NYSE:KEY) on Monday, January 29.

KeyCorp operates as the bank holding firm for KeyBank National Association that provides various retail and commercial banking services to individual, corporate, and institutional clients in the United States. The company has market cap of $21.80 billion. The companyÂ’s Key Community Bank segment offers deposit and investment products; personal finance services and loans, including residential mortgages, home equity, credit cards, and various installment loans; deposits, investment and credit products, and business advisory services; and financial, estate and retirement planning, and asset management services to high-net-worth clients. It has a 18.11 P/E ratio. This segment also provides commercial lending, cash management, equipment leasing, investment, insurance including commercial property and casualty, as well as captive insurance and employee benefit programs, succession planning, access to capital markets, derivatives, and foreign exchange services to mid-sized businesses.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.08, from 1.18 in 2017Q2. It dropped, as 46 investors sold KeyCorp shares while 196 reduced holdings. 67 funds opened positions while 200 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. Bessemer Gp holds 12.07M shares or 0.91% of its portfolio. Kentucky Retirement Ins Fund reported 0.1% in KeyCorp (NYSE:KEY). Moreover, Folger Nolan Fleming Douglas Cap Management Incorporated has 0.03% invested in KeyCorp (NYSE:KEY) for 12,600 shares. Korea Investment owns 847,332 shares. Citigroup reported 718,631 shares. Fukoku Mutual Life Ins Com invested in 10,100 shares or 0.03% of the stock. Company Of Toledo Na Oh has 0.2% invested in KeyCorp (NYSE:KEY) for 42,351 shares. Amundi Pioneer Asset Mngmt has 3.93M shares. Fifth Third Bancorp invested in 80,120 shares. Everence Mgmt invested 0.17% in KeyCorp (NYSE:KEY). Pzena Investment Mgmt Limited Company holds 0.68% of its portfolio in KeyCorp (NYSE:KEY) for 6.85 million shares. Moreover, Argent Trust Com has 0.09% invested in KeyCorp (NYSE:KEY) for 18,320 shares. Moreover, Brandywine Glob Investment Mgmt Ltd Liability Corporation has 0% invested in KeyCorp (NYSE:KEY) for 733 shares. Hanson & Doremus Mgmt has 74 shares for 0% of their portfolio. D E Shaw & accumulated 19,420 shares.