Jag Capital Management Stake in Coca (KO) Lowered by $462,240; As Targa Res (TRGP) Valuation Declined, Shareholder Scoria Capital Partners LP Has Increased Position

February 17, 2018 - By Hazel Jackson

Jag Capital Management Llc decreased its stake in Coca (KO) by 23.31% based on its latest 2017Q3 regulatory filing with the SEC. Jag Capital Management Llc sold 10,272 shares as the company’s stock rose 6.48% with the market. The institutional investor held 33,787 shares of the beverages (production and distribution) company at the end of 2017Q3, valued at $1.52 million, down from 44,059 at the end of the previous reported quarter. Jag Capital Management Llc who had been investing in Coca for a number of months, seems to be less bullish one the $191.65B market cap company. The stock increased 0.45% or $0.2 during the last trading session, reaching $44.98. About 17.20M shares traded or 36.66% up from the average. The Coca-Cola Company (NYSE:KO) has declined 0.95% since February 17, 2017 and is downtrending. It has underperformed by 17.65% the S&P500.

Scoria Capital Partners Lp increased its stake in Targa Res Corp (TRGP) by 97.82% based on its latest 2017Q3 regulatory filing with the SEC. Scoria Capital Partners Lp bought 24,724 shares as the company’s stock declined 13.24% while stock markets rallied. The institutional investor held 50,000 shares of the public utilities company at the end of 2017Q3, valued at $2.37M, up from 25,276 at the end of the previous reported quarter. Scoria Capital Partners Lp who had been investing in Targa Res Corp for a number of months, seems to be bullish on the $10.33 billion market cap company. The stock decreased 3.89% or $1.94 during the last trading session, reaching $47.91. About 3.59 million shares traded or 82.23% up from the average. Targa Resources Corp. (NYSE:TRGP) has risen 18.42% since February 17, 2017 and is uptrending. It has outperformed by 1.72% the S&P500.

Since August 15, 2017, it had 0 buys, and 3 selling transactions for $5.80 million activity. SMITH BRIAN JOHN had sold 100,000 shares worth $4.61 million on Tuesday, August 15. Waller Kathy N sold $1.07 million worth of stock. Shares for $1.30M were sold by RIVERA ALFREDO. $4.01 million worth of The Coca-Cola Company (NYSE:KO) shares were sold by HAYS ED.

Investors sentiment decreased to 0.8 in 2017 Q3. Its down 0.14, from 0.94 in 2017Q2. It turned negative, as 48 investors sold KO shares while 641 reduced holdings. 94 funds opened positions while 456 raised stakes. 2.73 billion shares or 0.93% more from 2.70 billion shares in 2017Q2 were reported. Cornercap Invest Counsel invested in 9,490 shares. Evanston Dba Evanston reported 4,447 shares. 24,795 are held by Utd National Bank. Stanley accumulated 0.68% or 56,193 shares. Private Trust Company Na has 0.63% invested in The Coca-Cola Company (NYSE:KO) for 63,832 shares. Edmp reported 4,752 shares. Grantham Mayo Van Otterloo Lc stated it has 1% of its portfolio in The Coca-Cola Company (NYSE:KO). Budros Ruhlin And Roe reported 0.42% in The Coca-Cola Company (NYSE:KO). Chatham Capital Group Inc reported 87,831 shares or 1.12% of all its holdings. Bailard reported 0.04% stake. Dowling Yahnke Ltd Llc has 804,389 shares for 3.68% of their portfolio. Illinois-based Savant Capital Ltd Com has invested 0.29% in The Coca-Cola Company (NYSE:KO). Richard Bernstein Advisors Ltd Liability Co stated it has 0.08% of its portfolio in The Coca-Cola Company (NYSE:KO). Fincl Counselors Inc holds 0.57% of its portfolio in The Coca-Cola Company (NYSE:KO) for 260,278 shares. 138,175 were accumulated by Meiji Yasuda Asset Mgmt Communications.

Among 22 analysts covering Coca-Cola (NYSE:KO), 12 have Buy rating, 1 Sell and 9 Hold. Therefore 55% are positive. Coca-Cola had 69 analyst reports since July 21, 2015 according to SRatingsIntel. As per Tuesday, September 5, the company rating was maintained by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, April 19 by Credit Suisse. The firm has “Neutral” rating by Goldman Sachs given on Thursday, April 21. BMO Capital Markets maintained it with “Market Perform” rating and $46 target in Monday, July 31 report. The rating was upgraded by Stifel Nicolaus to “Buy” on Tuesday, January 12. The stock has “Neutral” rating by Goldman Sachs on Wednesday, June 29. The firm has “Sell” rating by Goldman Sachs given on Monday, January 9. On Thursday, July 13 the stock rating was maintained by Cowen & Co with “Hold”. The company was reinitiated on Friday, August 7 by Barclays Capital. As per Monday, October 23, the company rating was maintained by Stifel Nicolaus.

Jag Capital Management Llc, which manages about $1.15 billion and $533.31 million US Long portfolio, upped its stake in Live Nation Entmt Inc (NYSE:LYV) by 108,240 shares to 226,697 shares, valued at $9.87 million in 2017Q3, according to the filing. It also increased its holding in Take Two Interactive Software Inc (NASDAQ:TTWO) by 80,270 shares in the quarter, for a total of 132,985 shares, and has risen its stake in Vmware Inc Class A (NYSE:VMW).

Scoria Capital Partners Lp, which manages about $466.06 million and $89.07 million US Long portfolio, decreased its stake in Anadarko Pete Corp (NYSE:APC) by 7,000 shares to 18,000 shares, valued at $879,000 in 2017Q3, according to the filing. It also reduced its holding in Golar Lng Ltd Bermuda (NASDAQ:GLNG) by 15,000 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Exelon Corp (NYSE:EXC).

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.32, from 1.56 in 2017Q2. It dived, as 33 investors sold TRGP shares while 103 reduced holdings. 39 funds opened positions while 130 raised stakes. 182.82 million shares or 0.10% more from 182.63 million shares in 2017Q2 were reported. Ftb Advsr Inc accumulated 504 shares. Janney Montgomery Scott Limited Liability Company has invested 0.03% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Waddell Reed accumulated 198,190 shares. Suntrust Banks reported 50,435 shares. 211,024 are owned by National Pension Service. Korea Investment Corporation holds 1,948 shares or 0% of its portfolio. Yorkville Ltd Liability Com, New York-based fund reported 26,966 shares. Linscomb Williams reported 9,413 shares or 0.04% of all its holdings. Moreover, Price T Rowe Associates Incorporated Md has 0% invested in Targa Resources Corp. (NYSE:TRGP). Sigma Planning Corporation holds 0.03% in Targa Resources Corp. (NYSE:TRGP) or 7,676 shares. Comml Bank Of New York Mellon Corp reported 4.04M shares. Millennium Mngmt Ltd holds 0.04% of its portfolio in Targa Resources Corp. (NYSE:TRGP) for 497,299 shares. Massachusetts-based Commonwealth Equity Serv Inc has invested 0% in Targa Resources Corp. (NYSE:TRGP). Massachusetts Svcs Ma reported 1.19 million shares stake. Baldwin Brothers Ma invested in 0.12% or 15,278 shares.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Targa Resources had 82 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, November 3 by Stifel Nicolaus. Jefferies upgraded the stock to “Buy” rating in Thursday, January 14 report. On Tuesday, July 11 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Overweight” rating by Capital One on Monday, May 2. On Tuesday, May 31 the stock rating was initiated by Stifel Nicolaus with “Hold”. Stifel Nicolaus maintained Targa Resources Corp. (NYSE:TRGP) rating on Thursday, February 16. Stifel Nicolaus has “Hold” rating and $64 target. The stock of Targa Resources Corp. (NYSE:TRGP) earned “Hold” rating by Wells Fargo on Tuesday, November 7. The firm has “Buy” rating by Deutsche Bank given on Thursday, March 30. The rating was maintained by RBC Capital Markets on Thursday, November 3 with “Outperform”. The firm has “Buy” rating by Robert W. Baird given on Thursday, January 25.

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