Meridian Wealth Management LLC Has $207,000 Holdings in AllianceBernstein Holding LP (AB)

Meridian Wealth Management LLC increased its holdings in shares of AllianceBernstein Holding LP (NYSE:AB) by 7.1% during the fourth quarter, according to its most recent filing with the Securities & Exchange Commission. The firm owned 7,560 shares of the asset manager’s stock after acquiring an additional 500 shares during the period. Meridian Wealth Management LLC’s holdings in AllianceBernstein were worth $207,000 as of its most recent SEC filing.

Several other large investors have also bought and sold shares of the company. Gamco Investors INC. ET AL grew its position in shares of AllianceBernstein by 0.8% during the 4th quarter. Gamco Investors INC. ET AL now owns 119,374 shares of the asset manager’s stock valued at $3,261,000 after acquiring an additional 1,000 shares during the period. D.A. Davidson & CO. grew its position in shares of AllianceBernstein by 1.4% during the 4th quarter. D.A. Davidson & CO. now owns 109,185 shares of the asset manager’s stock valued at $2,983,000 after acquiring an additional 1,463 shares during the period. Janney Montgomery Scott LLC grew its position in shares of AllianceBernstein by 2.2% during the 4th quarter. Janney Montgomery Scott LLC now owns 70,389 shares of the asset manager’s stock valued at $1,923,000 after acquiring an additional 1,487 shares during the period. TCI Wealth Advisors Inc. acquired a new stake in shares of AllianceBernstein during the 4th quarter valued at about $55,000. Finally, Benjamin F. Edwards & Company Inc. lifted its stake in AllianceBernstein by 36.6% in the 3rd quarter. Benjamin F. Edwards & Company Inc. now owns 7,578 shares of the asset manager’s stock valued at $231,000 after buying an additional 2,029 shares in the last quarter. Hedge funds and other institutional investors own 19.55% of the company’s stock.

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Separately, Zacks Investment Research raised shares of AllianceBernstein from a “sell” rating to a “hold” rating in a research note on Wednesday, February 6th.

In related news, insider Axa Equitable Holdings, Inc. purchased 254,675 shares of the firm’s stock in a transaction that occurred on Friday, December 21st. The shares were purchased at an average cost of $24.95 per share, with a total value of $6,354,141.25. The acquisition was disclosed in a document filed with the SEC, which is available at this link. Company insiders own 2.70% of the company’s stock.

Shares of AllianceBernstein stock opened at $31.15 on Tuesday. The stock has a market capitalization of $3.00 billion, a P/E ratio of 13.54, a P/E/G ratio of 2.08 and a beta of 1.29. AllianceBernstein Holding LP has a twelve month low of $23.34 and a twelve month high of $31.24.

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About AllianceBernstein

AllianceBernstein Holding L.P. is publicly owned investment manager. The firm also provides research services to its clients. It provides its services to investment companies, pension and profit sharing plans, banks and thrift institutions, trusts, estates, government agencies, charitable organizations, individuals, corporations, and other business entities.

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