Maverick Capital LTD Has Lowered Its Position in Vulcan Matls Co (VMC) by $121.06 Million; Zazove Associates Upped Its Sirius Xm Radio (SIRI) Position by $725,000; Valuation Declined

February 16, 2018 - By Dolores Ford

Lee Ainslie decreased its stake in Vulcan Matls Co (VMC) by 58.69% based on its latest 2017Q3 regulatory filing with the SEC. Maverick Capital Ltd sold 1.02 million shares as the company’s stock rose 5.55% with the market. The hedge fund run by Lee Ainslie held 715,917 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q3, valued at $85.62 million, down from 1.73 million at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Vulcan Matls Co for a number of months, seems to be less bullish one the $17.12B market cap company. The stock decreased 3.02% or $4.03 during the last trading session, reaching $129.44. About 1.62M shares traded or 19.92% up from the average. Vulcan Materials Company (NYSE:VMC) has risen 10.59% since February 16, 2017 and is uptrending. It has underperformed by 6.11% the S&P500.

Zazove Associates Llc increased its stake in Sirius Xm Radio Inc (SIRI) by 145% based on its latest 2017Q3 regulatory filing with the SEC. Zazove Associates Llc bought 145,000 shares as the company’s stock declined 0.61% while stock markets rallied. The institutional investor held 245,000 shares of the broadcasting company at the end of 2017Q3, valued at $1.35M, up from 100,000 at the end of the previous reported quarter. Zazove Associates Llc who had been investing in Sirius Xm Radio Inc for a number of months, seems to be bullish on the $27.65 billion market cap company. The stock increased 0.07% or $0.0045 during the last trading session, reaching $6.1545. About 11.50 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 25.58% since February 16, 2017 and is uptrending. It has outperformed by 8.88% the S&P500.

Zazove Associates Llc, which manages about $5.11 billion and $1.95B US Long portfolio, decreased its stake in Microchip Technology Inc (Prn) by 3.50 million shares to 2.20M shares, valued at $3.85 million in 2017Q3, according to the filing. It also reduced its holding in Alon Usa Energy Inc. (Prn) by 11.55M shares in the quarter, leaving it with 12.89 million shares, and cut its stake in Horizon Global (Prn).

Among 17 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 9 have Buy rating, 2 Sell and 6 Hold. Therefore 53% are positive. Sirius XM Holdings had 40 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 2 by Buckingham Research. The stock has “Buy” rating by Macquarie Research on Thursday, July 27. The firm earned “Buy” rating on Wednesday, June 14 by Bank of America. KeyBanc Capital Markets maintained the stock with “Hold” rating in Monday, October 16 report. The firm has “Hold” rating by RBC Capital Markets given on Wednesday, January 31. The stock of Sirius XM Holdings Inc. (NASDAQ:SIRI) has “Buy” rating given on Thursday, July 27 by Piper Jaffray. The stock has “Hold” rating by RBC Capital Markets on Thursday, January 11. Morgan Stanley maintained it with “Underweight” rating and $5.5 target in Monday, February 5 report. Barclays Capital maintained the stock with “Overweight” rating in Friday, August 14 report. The rating was maintained by RBC Capital Markets on Monday, October 16 with “Hold”.

Investors sentiment decreased to 0.93 in Q3 2017. Its down 0.14, from 1.07 in 2017Q2. It is negative, as 31 investors sold SIRI shares while 132 reduced holdings. 48 funds opened positions while 104 raised stakes. 884.13 million shares or 3.66% less from 917.75 million shares in 2017Q2 were reported. Canada Pension Plan Invest Board holds 0.01% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 999,345 shares. Cambridge Investment Advsrs reported 189,165 shares. Moreover, Manchester Cap Limited Co has 0% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 1,008 shares. Livforsakringsbolaget Skandia Omsesidigt holds 32,167 shares or 0.02% of its portfolio. The Alabama-based Fjarde Ap has invested 0.05% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Highland Cap Mngmt LP reported 0.07% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Nordea Mgmt Ab reported 81,842 shares. Capital Counsel Ltd Ny has 130,000 shares. Nationwide Fund Advsr reported 1.80M shares. Cornerstone stated it has 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). 10,500 are owned by North Management Corporation. Arcadia Corporation Mi owns 1,753 shares or 0% of their US portfolio. Invest Centers Of America Incorporated has 0.02% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI). Cetera Advsrs Limited Liability Corp has invested 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Riggs Asset Managment Communications has 0% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI).

Among 14 analysts covering Vulcan Materials Company (NYSE:VMC), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Vulcan Materials Company had 38 analyst reports since August 6, 2015 according to SRatingsIntel. Bank of America maintained Vulcan Materials Company (NYSE:VMC) on Monday, February 5 with “Neutral” rating. The rating was initiated by Barclays Capital with “Buy” on Tuesday, December 12. Suntrust Robinson upgraded the shares of VMC in report on Wednesday, October 26 to “Buy” rating. The firm earned “Buy” rating on Monday, May 16 by Stifel Nicolaus. The company was maintained on Wednesday, June 8 by Goldman Sachs. Jefferies maintained the shares of VMC in report on Monday, August 21 with “Hold” rating. The rating was maintained by Bank of America on Thursday, October 19 with “Neutral”. The firm earned “Hold” rating on Wednesday, October 11 by Jefferies. The stock has “Buy” rating by Stifel Nicolaus on Tuesday, September 26. On Friday, November 3 the stock rating was maintained by RBC Capital Markets with “Buy”.

Investors sentiment increased to 1.06 in 2017 Q3. Its up 0.11, from 0.95 in 2017Q2. It is positive, as 47 investors sold VMC shares while 159 reduced holdings. 55 funds opened positions while 163 raised stakes. 115.33 million shares or 2.76% more from 112.23 million shares in 2017Q2 were reported. Walleye Trading Ltd Llc stated it has 6,667 shares or 0% of all its holdings. Nordea Mngmt reported 0% stake. Whittier Trust reported 6 shares or 0% of all its holdings. Scotia Cap holds 10,905 shares. Bank & Trust Of Montreal Can reported 0% in Vulcan Materials Company (NYSE:VMC). Efg Asset Management (Americas) Corporation holds 0.7% of its portfolio in Vulcan Materials Company (NYSE:VMC) for 15,387 shares. 675,117 are held by Goldman Sachs Gp. Weiss Multi stated it has 39,896 shares. Credit Agricole S A has 34,947 shares. Everence Mgmt Inc has 0.14% invested in Vulcan Materials Company (NYSE:VMC) for 5,294 shares. American Ins Tx holds 0.17% or 26,810 shares in its portfolio. Synovus Fin Corporation invested 0.07% of its portfolio in Vulcan Materials Company (NYSE:VMC). Employees Retirement Association Of Colorado has invested 0.02% of its portfolio in Vulcan Materials Company (NYSE:VMC). Ubs Oconnor Lc stated it has 0.19% of its portfolio in Vulcan Materials Company (NYSE:VMC). 6,795 were accumulated by Catawba Cap Management Va.

Maverick Capital Ltd, which manages about $14.71 billion and $7.88 billion US Long portfolio, upped its stake in Grand Canyon Ed Inc (NASDAQ:LOPE) by 9,121 shares to 57,510 shares, valued at $5.22 million in 2017Q3, according to the filing. It also increased its holding in Tjx Cos Inc New (NYSE:TJX) by 14,470 shares in the quarter, for a total of 69,360 shares, and has risen its stake in Las Vegas Sands Corp (NYSE:LVS).

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>