Bank of Montreal (BMO) and SLM Co. (NASDAQ:SLM) have seen an increase in their holdings by Hsbc Holdings PLC and Alberta Investment Management Corp, respectively.
Hsbc Holdings PLC raised its position in SLM Co. during the fourth quarter, acquiring an additional 43,495 shares and bringing its total holdings to 54,521 shares. The institutional investor's stake in SLM Co. was worth $1,045,000 at the end of the quarter. Other hedge funds and institutional investors have also made changes to their positions in SLM Co. Boston Partners increased its position by 20.1% during the fourth quarter, while Dimensional Fund Advisors LP increased its position by 2.7%. Goldentree Asset Management LP and American Century Companies Inc. also increased their positions in the third quarter. Polaris Capital Management LLC increased its position by 34.1% during the fourth quarter. In total, hedge funds and institutional investors now own 98.94% of SLM Co.'s stock.
Alberta Investment Management Corp acquired an additional 53,934 shares of Bank of Montreal during the third quarter, bringing its total holdings to 1,369,259 shares. Other large investors have also made changes to their positions in the company. PCA Investment Advisory Services Inc. acquired a new position in BMO in the second quarter, while EverSource Wealth Advisors LLC and Compagnie Lombard Odier SCmA acquired new positions in the third quarter. Stonehage Fleming Financial Services Holdings Ltd and Strategic Investment Solutions Inc. IL also acquired new positions in BMO. In total, institutional investors and hedge funds now own 43.89% of the company's stock.
Short interest in Slam Corp. (NASDAQ:SLAM) grew by 44.0% in May, with a total of 14,400 shares sold short as of May 31st. This represents 0.2% of the company's shares. The days-to-cover ratio is currently 1.7 days based on the average daily trading volume of 8,700 shares. Slam Corp. has a market capitalization of $260.30 million and a P/E ratio of 100.73. The company reported earnings per share of ($0.04) for the last quarter. Several hedge funds and institutional investors have made changes to their positions in SLAM, including Picton Mahoney Asset Management, Shaolin Capital Management LLC, Mizuho Securities USA LLC, Kim LLC, and AQR Arbitrage LLC. Slam Corp. does not have significant operations and is based in New York, New York.