What’s Propelling City Holding Company (CHCO) to Decrease? The Stock Formed a Bearish Head & Shoulders

September 17, 2017 - By Marry Poplack

Investors sentiment decreased to 1.41 in 2016 Q4. Its down 0.39, from 1.8 in 2016Q3. It is negative, as 9 investors sold City Holding Company shares while 40 reduced holdings. 23 funds opened positions while 46 raised stakes. 9.37 million shares or 2.88% more from 9.10 million shares in 2016Q3 were reported.
First Citizens Bancorporation And Trust Co owns 0.03% invested in City Holding Company (NASDAQ:CHCO) for 4,169 shares. The United Kingdom-based Legal And General Grp Inc Inc Public Ltd Com has invested 0% in City Holding Company (NASDAQ:CHCO). Beck Mack Oliver Ltd Liability Com invested 0.04% in City Holding Company (NASDAQ:CHCO). Moreover, Arizona State Retirement Sys has 0.01% invested in City Holding Company (NASDAQ:CHCO) for 7,770 shares. Moreover, First Mercantile Tru has 0.03% invested in City Holding Company (NASDAQ:CHCO) for 2,611 shares. D E Shaw & Inc owns 4,599 shares. Martingale Asset Management Ltd Partnership has invested 0.04% in City Holding Company (NASDAQ:CHCO). Hl Financial Service Limited Liability Company owns 0.01% invested in City Holding Company (NASDAQ:CHCO) for 8,281 shares. Davenport Llc accumulated 0.01% or 5,199 shares. Moreover, Deutsche National Bank & Trust Ag has 0% invested in City Holding Company (NASDAQ:CHCO) for 22,085 shares. Art Advsrs Ltd Liability has invested 0.03% in City Holding Company (NASDAQ:CHCO). Aqr Limited Com, Connecticut-based fund reported 40,129 shares. Teachers Retirement Of The State Of Kentucky reported 5,200 shares. Amer Gru holds 10,758 shares or 0% of its portfolio. Northern Tru Corp holds 458,835 shares.

Since May 19, 2017, it had 0 buys, and 9 insider sales for $1.76 million activity. BUMGARNER DAVID L sold $133,833 worth of City Holding Company (NASDAQ:CHCO) on Tuesday, May 23. The insider DERITO JOHN A sold 2,000 shares worth $126,750. The insider HAGEBOECK CHARLES R sold $448,185. $103,582 worth of City Holding Company (NASDAQ:CHCO) shares were sold by LEGGE JEFFREY DALE.

The stock of City Holding Company (CHCO) formed H&S with $59.52 target or 8.00 % below today’s $64.70 share price. The 6 months Head & Shoulders indicates high risk for the $1.01B company. It was reported on Sep, 17 by Faxor.com. If the $59.52 price target is reached, the company will be worth $80.80 million less.
Head-and-shoulders are one of the best chart patterns to trade. They work in bear and bull markets and according to many researchers have very low failure rate. Even thought they have high pullback rate, such patters usually provide good risk-reward entry opportunities. The percentage of stocks meeting price targets is 55%.

The stock increased 0.87% or $0.56 on September 15, reaching $64.7. About 136,042 shares traded or 125.59% up from the average. City Holding Company (NASDAQ:CHCO) has risen 37.76% since September 17, 2016 and is uptrending. It has outperformed by 21.06% the S&P500.

Investors wait City Holding Company (NASDAQ:CHCO) to report on October, 23. its quarterly earnings Wall Street analysts expect $0.92 earnings per share, up $0.04 or 4.55 % from last year’s $0.88 same quarter earnings. This translates into $14.36M profit for CHCO giving the stock a 17.58 P/E. This is assuming the current $0.92 EPS is accurate. City Holding Company’s Wall Street analysts see -2.13 % negative EPS growth, taking into account the $0.94 EPS reproted in the previous quarter,

City Holding Company (NASDAQ:CHCO) Ratings Coverage

Among 4 analysts covering City Holding Company (NASDAQ:CHCO), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. City Holding Company had 8 analyst reports since August 12, 2015 according to SRatingsIntel. As per Wednesday, August 12, the company rating was upgraded by Zacks. As per Monday, July 24, the company rating was maintained by Keefe Bruyette & Woods. The company was maintained on Friday, June 16 by Keefe Bruyette & Woods. The firm earned “Equalweight” rating on Friday, January 8 by Stephens.

Another recent and important City Holding Company (NASDAQ:CHCO) news was published by Nasdaq.com which published an article titled: “8 Reasons to Add City Holding (CHCO) to Your Portfolio Now” on September 06, 2017.

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