Hi (HCLP) Holder Peconic Partners Cut Holding; As V F (VFC) Stock Price Declined, Franklin Street Advisors Has Lifted Its Stake

February 17, 2018 - By Pete Kolinski

William Harnisch decreased its stake in Hi (HCLP) by 37.25% based on its latest 2017Q3 regulatory filing with the SEC. Peconic Partners Llc sold 40,000 shares as the company’s stock declined 29.11% while stock markets rallied. The hedge fund run by William Harnisch held 67,380 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q3, valued at $640,000, down from 107,380 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Hi for a number of months, seems to be less bullish one the $1.13B market cap company. The stock increased 2.06% or $0.25 during the last trading session, reaching $12.4. About 2.01 million shares traded or 3.84% up from the average. Hi-Crush Partners LP (NYSE:HCLP) has risen 114.79% since February 17, 2017 and is uptrending. It has outperformed by 98.09% the S&P500.

Franklin Street Advisors Inc increased its stake in V F Corp (VFC) by 2264.49% based on its latest 2017Q3 regulatory filing with the SEC. Franklin Street Advisors Inc bought 79,257 shares as the company’s stock declined 0.53% while stock markets rallied. The hedge fund held 82,757 shares of the apparel company at the end of 2017Q3, valued at $5.26M, up from 3,500 at the end of the previous reported quarter. Franklin Street Advisors Inc who had been investing in V F Corp for a number of months, seems to be bullish on the $29.49B market cap company. The stock decreased 11.08% or $9.3 during the last trading session, reaching $74.64. About 10.02M shares traded or 286.22% up from the average. V.F. Corporation (NYSE:VFC) has declined 13.07% since February 17, 2017 and is downtrending. It has underperformed by 29.77% the S&P500.

Franklin Street Advisors Inc, which manages about $2.06B and $609.50 million US Long portfolio, decreased its stake in Schlumberger Ltd Com (NYSE:SLB) by 6,487 shares to 20,821 shares, valued at $1.45 million in 2017Q3, according to the filing. It also reduced its holding in Martin Marietta Materials Inc (NYSE:MLM) by 8,470 shares in the quarter, leaving it with 36,685 shares, and cut its stake in Lockheed Martin Corp (NYSE:LMT).

Among 28 analysts covering V.F. Corp (NYSE:VFC), 12 have Buy rating, 1 Sell and 15 Hold. Therefore 43% are positive. V.F. Corp had 101 analyst reports since July 24, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, August 12 report. The rating was maintained by Canaccord Genuity with “Buy” on Monday, August 14. The firm has “Hold” rating by Stifel Nicolaus given on Friday, December 15. The stock of V.F. Corporation (NYSE:VFC) has “Neutral” rating given on Monday, January 4 by B. Riley & Co. Piper Jaffray maintained the shares of VFC in report on Monday, August 14 with “Hold” rating. The company was maintained on Monday, February 5 by Cowen & Co. Canaccord Genuity maintained V.F. Corporation (NYSE:VFC) on Tuesday, July 25 with “Hold” rating. Barclays Capital initiated V.F. Corporation (NYSE:VFC) on Friday, February 2 with “Buy” rating. The firm has “Buy” rating given on Friday, July 24 by Buckingham Research. On Tuesday, August 15 the stock rating was maintained by Forward View Consulting with “Hold”.

Since August 18, 2017, it had 0 insider buys, and 5 selling transactions for $32.33 million activity. Rendle Steven E also sold $4.63M worth of V.F. Corporation (NYSE:VFC) shares. O’Meara Aidan sold $1.83 million worth of stock or 29,336 shares. The insider MCCOLLOUGH W ALAN sold 22,852 shares worth $1.44 million. 110,943 shares were sold by WISEMAN ERIC C, worth $7.06 million. MEAGHER LAURA C sold $990,549 worth of stock or 14,036 shares.

Investors sentiment increased to 1.08 in 2017 Q3. Its up 0.15, from 0.93 in 2017Q2. It improved, as 42 investors sold VFC shares while 233 reduced holdings. 85 funds opened positions while 211 raised stakes. 395.35 million shares or 2.44% less from 405.25 million shares in 2017Q2 were reported. Wallington Asset Mgmt Lc reported 2.5% of its portfolio in V.F. Corporation (NYSE:VFC). Saturna Cap Corp stated it has 0.05% of its portfolio in V.F. Corporation (NYSE:VFC). Nationwide Fund Advsr, Pennsylvania-based fund reported 186,935 shares. J Goldman LP reported 4,000 shares stake. Perkins Coie Trust stated it has 0.94% of its portfolio in V.F. Corporation (NYSE:VFC). Amica Retiree Med owns 2,276 shares. Amalgamated Bancshares invested in 38,799 shares. Van Eck Corp reported 540,023 shares. Fred Alger Mgmt reported 98 shares. Kentucky Retirement Systems accumulated 19,671 shares. Td Asset Mngmt Inc holds 0.05% of its portfolio in V.F. Corporation (NYSE:VFC) for 502,694 shares. Godsey Gibb Associates accumulated 213,570 shares. Pictet Asset Limited reported 408,648 shares or 0.07% of all its holdings. State Of Alaska Department Of Revenue accumulated 0.12% or 37,270 shares. Old Mutual (Uk) Limited has invested 0.17% in V.F. Corporation (NYSE:VFC).

Among 18 analysts covering Hi-Crush Partners (NYSE:HCLP), 11 have Buy rating, 3 Sell and 4 Hold. Therefore 61% are positive. Hi-Crush Partners has $32 highest and $4 lowest target. $14.63’s average target is 17.98% above currents $12.4 stock price. Hi-Crush Partners had 54 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Hold” rating by Wunderlich given on Monday, May 2. The firm has “Outperform” rating by Cowen & Co given on Friday, August 7. The stock has “Buy” rating by UBS on Tuesday, April 4. The firm has “Strong Buy” rating given on Wednesday, June 15 by Raymond James. The stock has “Neutral” rating by Credit Suisse on Friday, September 4. UNS downgraded the stock to “Sell” rating in Tuesday, October 27 report. Wunderlich maintained the stock with “Hold” rating in Wednesday, February 24 report. The rating was downgraded by Raymond James on Monday, October 5 to “Mkt Perform”. The rating was upgraded by UBS on Wednesday, September 28 to “Neutral”. As per Tuesday, October 27, the company rating was downgraded by UBS.

Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 20. They expect $0.50 earnings per share, up 554.55% or $0.61 from last year’s $-0.11 per share. HCLP’s profit will be $45.52 million for 6.20 P/E if the $0.50 EPS becomes a reality. After $0.32 actual earnings per share reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts 56.25% EPS growth.

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