Prescott Group Capital Management Increases Position in Ferrellgas Partners L.P. (FGP); As General Electric Co (GE) Valuation Declined, Park Circle Co Lifted Its Stake by $1.16 Million

February 12, 2018 - By Peter Erickson

Phil Frohlich increased its stake in Ferrellgas Partners L.P. (FGP) by 8.57% based on its latest 2017Q3 regulatory filing with the SEC. Prescott Group Capital Management Llc bought 67,911 shares as the company’s stock declined 10.50% while stock markets rallied. The hedge fund run by Phil Frohlich held 860,245 shares of the consumer services company at the end of 2017Q3, valued at $4.42M, up from 792,334 at the end of the previous reported quarter. Prescott Group Capital Management Llc who had been investing in Ferrellgas Partners L.P. for a number of months, seems to be bullish on the $400.07M market cap company. The stock increased 0.90% or $0.0364 during the last trading session, reaching $4.0764. About 12,354 shares traded. Ferrellgas Partners, L.P. (NYSE:FGP) has declined 71.41% since February 12, 2017 and is downtrending. It has underperformed by 88.11% the S&P500.

Peter S. Park increased its stake in General Electric Co (GE) by 16.41% based on its latest 2017Q3 regulatory filing with the SEC. Park Circle Co bought 48,500 shares as the company’s stock declined 7.64% while stock markets rallied. The hedge fund run by Peter S. Park held 344,050 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $8.32M, up from 295,550 at the end of the previous reported quarter. Park Circle Co who had been investing in General Electric Co for a number of months, seems to be bullish on the $129.77B market cap company. The stock increased 0.16% or $0.0238 during the last trading session, reaching $14.9638. About 11.81 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 12, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It dropped, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Old Mutual Global Investors (Uk) Limited holds 67,399 shares. Mengis Capital Mngmt Inc owns 92,165 shares or 1.49% of their US portfolio. Florida-based Eagle Asset Mgmt has invested 0.02% in General Electric Company (NYSE:GE). Fulton National Bank Na holds 0.25% of its portfolio in General Electric Company (NYSE:GE) for 138,320 shares. Barbara Oil Com holds 0.67% in General Electric Company (NYSE:GE) or 40,000 shares. Cape Cod Five Cents Natl Bank stated it has 320,485 shares. Centurylink Mgmt holds 0.64% or 81,707 shares in its portfolio. Kelly Lawrence W And Ca, California-based fund reported 76,298 shares. State Farm Mutual Automobile Insur Communication stated it has 1.39% of its portfolio in General Electric Company (NYSE:GE). Lincoln Limited Liability reported 0.14% stake. Pictet And Cie (Europe) Sa stated it has 0.39% in General Electric Company (NYSE:GE). Paloma Management stated it has 0.04% in General Electric Company (NYSE:GE). Markston Int Limited Company has invested 0.2% in General Electric Company (NYSE:GE). Timber Creek Capital Lc has invested 2.21% of its portfolio in General Electric Company (NYSE:GE). Guggenheim Lc invested in 0.14% or 2.46M shares.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank on Tuesday, August 25 with “Hold”. S&P Research maintained the stock with “Buy” rating in Monday, August 17 report. As per Thursday, October 6, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating given on Friday, July 21 by CFRA. The rating was downgraded by UBS on Monday, October 23 to “Neutral”. The stock has “Underweight” rating by Morgan Stanley on Monday, October 23. The company was maintained on Monday, June 12 by Cowen & Co. On Monday, July 24 the stock rating was maintained by Oppenheimer with “Hold”. The company was downgraded on Monday, September 21 by Oppenheimer. The company was downgraded on Wednesday, August 26 by TheStreet.

Since August 22, 2017, it had 2 buys, and 0 sales for $2.50 million activity. $43,446 worth of stock was bought by DIMITRIEF ALEXANDER on Friday, January 26.

Park Circle Co, which manages about $174.41 million US Long portfolio, decreased its stake in Visa Inc (Call) by 200,000 shares to 50,000 shares, valued at $5.26M in 2017Q3, according to the filing.

Among 11 analysts covering Ferrellgas Partners L.P. (NYSE:FGP), 0 have Buy rating, 4 Sell and 7 Hold. Therefore 0 are positive. Ferrellgas Partners L.P. had 34 analyst reports since August 11, 2015 according to SRatingsIntel. The company was initiated on Monday, August 22 by Piper Jaffray. The firm has “Underperform” rating given on Thursday, September 15 by RBC Capital Markets. The company was maintained on Monday, December 12 by UBS. Zacks upgraded Ferrellgas Partners, L.P. (NYSE:FGP) on Tuesday, August 11 to “Strong Sell” rating. The rating was maintained by Barclays Capital with “Underweight” on Wednesday, September 30. The stock has “Hold” rating by RBC Capital Markets on Tuesday, January 16. On Wednesday, September 28 the stock rating was downgraded by Piper Jaffray to “Underweight”. Simmons & Co upgraded it to “Neutral” rating and $6.50 target in Tuesday, December 6 report. The stock of Ferrellgas Partners, L.P. (NYSE:FGP) has “Hold” rating given on Sunday, August 20 by RBC Capital Markets. The company was downgraded on Wednesday, September 28 by PiperJaffray.

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