Rite Aid (RAD) Forms $1.68 Double Bottom; Tiedemann Wealth Management Boosted Dominion Energy Midstrm Prtn (DM) Position

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Rite Aid Corporation (RAD) formed double bottom with $1.56 target or 7.00% below today’s $1.68 share price. Rite Aid Corporation (RAD) has $1.78B valuation. The stock increased 3.07% or $0.05 during the last trading session, reaching $1.68. About 10.56 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since April 16, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

Tiedemann Wealth Management Llc increased Dominion Energy Midstrm Prtn (DM) stake by 27.9% reported in 2017Q4 SEC filing. Tiedemann Wealth Management Llc acquired 14,850 shares as Dominion Energy Midstrm Prtn (DM)’s stock declined 47.08%. The Tiedemann Wealth Management Llc holds 68,070 shares with $2.07M value, up from 53,220 last quarter. Dominion Energy Midstrm Prtn now has $1.50 billion valuation. The stock increased 0.67% or $0.1 during the last trading session, reaching $15. About 480,907 shares traded or 6.45% up from the average. Dominion Energy Midstream Partners, LP (NYSE:DM) has declined 48.46% since April 16, 2017 and is downtrending. It has underperformed by 60.01% the S&P500.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.28, from 1.07 in 2017Q3. It dived, as 9 investors sold DM shares while 38 reduced holdings. 17 funds opened positions while 20 raised stakes. 35.73 million shares or 5.06% less from 37.63 million shares in 2017Q3 were reported. Mariner Inv Gru Ltd Liability stated it has 0.11% in Dominion Energy Midstream Partners, LP (NYSE:DM). Mai Capital Management has 167,699 shares for 0.29% of their portfolio. Blair William Il holds 0% or 8,014 shares in its portfolio. Jpmorgan Chase And accumulated 638,504 shares. Blackrock Incorporated reported 421,756 shares. Northern has invested 0% of its portfolio in Dominion Energy Midstream Partners, LP (NYSE:DM). Ameriprise Financial reported 0% stake. Castleark Management Limited Company owns 39,606 shares or 0.04% of their US portfolio. Nelson Van Denburg Campbell Wealth Mgmt Gru Ltd Liability Co stated it has 5,453 shares. Tortoise Capital Advsr Ltd Liability Corporation, a Kansas-based fund reported 5.63 million shares. Retail Bank Of Montreal Can stated it has 6,946 shares or 0% of all its holdings. Susquehanna Intll Gp Ltd Liability Partnership has 0% invested in Dominion Energy Midstream Partners, LP (NYSE:DM) for 23,561 shares. Fmr Limited Liability Company stated it has 34,364 shares. Barclays Pcl holds 30,768 shares. Brookfield Asset Management reported 55,925 shares or 0.01% of all its holdings.

Tiedemann Wealth Management Llc decreased Vanguard Intl Equity Index F (VWO) stake by 11,510 shares to 19,038 valued at $875,000 in 2017Q4. It also reduced Microsoft Corp (NASDAQ:MSFT) stake by 98,621 shares and now owns 30,603 shares. Apple Inc (NASDAQ:AAPL) was reduced too.

Among 15 analysts covering Dominion Midstream Partners LP (NYSE:DM), 6 have Buy rating, 1 Sell and 8 Hold. Therefore 40% are positive. Dominion Midstream Partners LP had 47 analyst reports since July 23, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $3300 target in Wednesday, August 2 report. As per Thursday, July 23, the company rating was initiated by DA Davidson. As per Thursday, March 22, the company rating was maintained by Wells Fargo. The company was downgraded on Tuesday, October 31 by Mizuho. The stock of Dominion Energy Midstream Partners, LP (NYSE:DM) earned “Buy” rating by Stifel Nicolaus on Wednesday, September 14. RBC Capital Markets maintained it with “Hold” rating and $35.0 target in Tuesday, January 30 report. The rating was maintained by Evercore on Thursday, January 5 with “Buy”. The stock of Dominion Energy Midstream Partners, LP (NYSE:DM) earned “Buy” rating by Mizuho on Thursday, February 2. The firm has “In-Line” rating by Evercore given on Tuesday, March 27. Barclays Capital maintained the stock with “Overweight” rating in Thursday, August 4 report.

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 26 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, August 14, the company rating was upgraded by Vetr. Deutsche Bank downgraded the shares of RAD in report on Friday, April 8 to “Hold” rating. The firm has “Hold” rating given on Wednesday, January 6 by Evercore. The rating was downgraded by Credit Suisse on Thursday, October 29 to “Neutral”. The stock of Rite Aid Corporation (NYSE:RAD) has “Underperform” rating given on Friday, June 30 by Evercore. The rating was reinitiated by Bank of America with “Underperform” on Friday, June 30. The stock has “Neutral” rating by JP Morgan on Friday, November 13. Vetr downgraded it to “Buy” rating and $9.51 target in Thursday, August 6 report. The firm has “Buy” rating by Vetr given on Wednesday, August 19. The stock of Rite Aid Corporation (NYSE:RAD) has “Hold” rating given on Monday, September 11 by Loop Capital Markets.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.10, from 0.97 in 2017Q3. It dived, as 41 investors sold Rite Aid Corporation shares while 86 reduced holdings. 45 funds opened positions while 66 raised stakes. 490.70 million shares or 4.42% less from 513.41 million shares in 2017Q3 were reported. Smithfield Company has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 37,650 shares. Equitec Proprietary Mkts Limited Liability holds 0.06% of its portfolio in Rite Aid Corporation (NYSE:RAD) for 101,900 shares. New York-based Gabelli Company Invest Advisers has invested 0.15% in Rite Aid Corporation (NYSE:RAD). Laurion Mgmt Limited Partnership has 0.01% invested in Rite Aid Corporation (NYSE:RAD) for 727,481 shares. The New York-based Oppenheimer And has invested 0% in Rite Aid Corporation (NYSE:RAD). Metropolitan Life reported 52,886 shares stake. Moreover, Exane Derivatives has 0% invested in Rite Aid Corporation (NYSE:RAD) for 3 shares. Apg Asset Management Nv owns 14.98 million shares. 32,025 were accumulated by Us National Bank & Trust De. Parkwood Limited Co has 0% invested in Rite Aid Corporation (NYSE:RAD) for 12,434 shares. West Chester Advsr stated it has 0.06% of its portfolio in Rite Aid Corporation (NYSE:RAD). Hightower Advsrs Limited Liability Corporation owns 423,724 shares for 0.01% of their portfolio. Rafferty Asset Management Limited Co has 0.01% invested in Rite Aid Corporation (NYSE:RAD). First L P has 0.02% invested in Rite Aid Corporation (NYSE:RAD) for 3.86M shares. Atlas Browninc stated it has 91,000 shares.

Rite Aid Corporation (NYSE:RAD) Institutional Positions Chart