Emerald Advisers LLC offloads 47,850 shares of CNB Financial Co.
In the fourth quarter Emerald Advisers LLC reduced its stake in CNB Financial Co. (NASDAQ:CCNE) by 46.0% as noted in the firm’s latest 13F filing with the SEC. The firm owned 56,119 shares after selling 47,850 shares, the firm still had shares worth about 0.27% of the bank’s stock, the shares being worth $1,395,000 at the end of the quarter. Other institutional investors and hedge funds also made changes to their CNB Financial holdings in the latest quarter. Intech Investment Management LLC purchased a new position in Q4 with the market value of the holdings being about $203,000. SG Americas Securities LLC made a new investment of 8,808 shares in Q4, the stake was valued at $219,000 and was bought after the firm added 1,305 shares. PDT Partners LLC made a new investment in the third quarter with the market value of the holdings sitting around $221,000. In Q4, Los Angeles Capital Management LLC also bought a new position in the company with a market value of approximately $285,000. As of March 4, 2024, institutional investors own the company's stock 52.35%.
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