As Goldcorp New (GG) Stock Value Declined, Axa Cut Holding; As Apollo Global Mgmt (APO) Shares Rose, Msdc Management LP Boosted Its Position by $9.59 Million

February 20, 2018 - By Clifton Ray

Axa decreased its stake in Goldcorp Inc New (GG) by 17.93% based on its latest 2017Q3 regulatory filing with the SEC. Axa sold 38,529 shares as the company’s stock declined 20.41% while stock markets rallied. The institutional investor held 176,358 shares of the precious metals company at the end of 2017Q3, valued at $2.29 million, down from 214,887 at the end of the previous reported quarter. Axa who had been investing in Goldcorp Inc New for a number of months, seems to be less bullish one the $11.34 billion market cap company. The stock decreased 2.07% or $0.2799 during the last trading session, reaching $13.2201. About 6.30 million shares traded. Goldcorp Inc. (NYSE:GG) has declined 19.95% since February 20, 2017 and is downtrending. It has underperformed by 36.65% the S&P500.

Msdc Management Lp increased its stake in Apollo Global Mgmt Llc (APO) by 16.68% based on its latest 2017Q3 regulatory filing with the SEC. Msdc Management Lp bought 319,538 shares as the company’s stock rose 18.10% with the market. The hedge fund held 2.24M shares of the finance company at the end of 2017Q3, valued at $67.27M, up from 1.92 million at the end of the previous reported quarter. Msdc Management Lp who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be bullish on the $13.64B market cap company. The stock decreased 0.09% or $0.03 during the last trading session, reaching $33.32. About 791,473 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 63.33% since February 20, 2017 and is uptrending. It has outperformed by 46.63% the S&P500.

Analysts await Goldcorp Inc. (NYSE:GG) to report earnings on February, 21. They expect $0.11 earnings per share, down 8.33% or $0.01 from last year’s $0.12 per share. GG’s profit will be $94.31M for 30.05 P/E if the $0.11 EPS becomes a reality. After $0.09 actual earnings per share reported by Goldcorp Inc. for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Among 21 analysts covering Goldcorp Inc. (NYSE:GG), 10 have Buy rating, 0 Sell and 11 Hold. Therefore 48% are positive. Goldcorp Inc. had 61 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of GG in report on Thursday, November 12 with “Sector Perform” rating. The firm earned “Sell” rating on Friday, February 26 by Deutsche Bank. The stock has “Hold” rating by RBC Capital Markets on Monday, August 14. The stock of Goldcorp Inc. (NYSE:GG) earned “Buy” rating by Credit Suisse on Monday, January 15. The firm has “Outperform” rating given on Friday, July 24 by IBC. The stock of Goldcorp Inc. (NYSE:GG) earned “Buy” rating by TD Securities on Friday, October 30. RBC Capital Markets maintained Goldcorp Inc. (NYSE:GG) on Monday, September 14 with “Sector Perform” rating. The firm has “Hold” rating given on Thursday, October 19 by Jefferies. The rating was maintained by TD Securities with “Buy” on Thursday, October 26. The stock of Goldcorp Inc. (NYSE:GG) earned “Hold” rating by Canaccord Genuity on Tuesday, February 16.

Axa, which manages about $23.21 billion US Long portfolio, upped its stake in Targa Res Corp (NYSE:TRGP) by 7,560 shares to 17,207 shares, valued at $814,000 in 2017Q3, according to the filing. It also increased its holding in Leidos Hldgs Inc (NYSE:LDOS) by 115,931 shares in the quarter, for a total of 569,108 shares, and has risen its stake in Q2 Hldgs Inc (NYSE:QTWO).

Msdc Management Lp, which manages about $7.59 billion and $3.43B US Long portfolio, decreased its stake in Nexstar Media Group Inc (NASDAQ:NXST) by 1.21M shares to 1.40M shares, valued at $87.05 million in 2017Q3, according to the filing. It also reduced its holding in Altaba Inc by 2.14 million shares in the quarter, leaving it with 2.34M shares, and cut its stake in Cedar Fair LP (NYSE:FUN).

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.13, from 1.35 in 2017Q2. It is negative, as 18 investors sold APO shares while 54 reduced holdings. 31 funds opened positions while 57 raised stakes. 133.81 million shares or 1.40% less from 135.71 million shares in 2017Q2 were reported. 250,000 are held by Lombard Odier Asset Mgmt (Switzerland) Sa. Oakworth Cap Inc reported 0.01% stake. Beck Mgmt Ltd Liability Co, a Texas-based fund reported 143,497 shares. Wells Fargo And Mn holds 423,406 shares. Tiger Eye Cap Ltd has invested 1.7% in Apollo Global Management, LLC (NYSE:APO). Rothschild Corp Il reported 81,860 shares. Hollencrest Limited accumulated 13,815 shares. Morgan Stanley has 0.07% invested in Apollo Global Management, LLC (NYSE:APO). Fifth Third State Bank stated it has 1,000 shares or 0% of all its holdings. 3.75M are owned by Timessquare Capital Mgmt Llc. Pinebridge Investments Ltd Partnership stated it has 22,738 shares. Grp Inc Hldg Ag invested in 572,568 shares. Moody Comml Bank Trust Division owns 19,690 shares or 0.03% of their US portfolio. Gsa Capital Prtn Llp has 75,298 shares. Highfields Cap Management Lp reported 730,405 shares or 0.19% of all its holdings.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Apollo Global Management had 59 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained Apollo Global Management, LLC (NYSE:APO) rating on Wednesday, June 28. Jefferies has “Buy” rating and $3100 target. Credit Suisse maintained the shares of APO in report on Monday, February 5 with “Neutral” rating. Deutsche Bank maintained Apollo Global Management, LLC (NYSE:APO) on Friday, January 8 with “Hold” rating. On Wednesday, August 2 the stock rating was maintained by Jefferies with “Buy”. As per Thursday, August 3, the company rating was maintained by Deutsche Bank. As per Thursday, August 4, the company rating was maintained by Deutsche Bank. The stock of Apollo Global Management, LLC (NYSE:APO) earned “Neutral” rating by Credit Suisse on Thursday, August 3. Deutsche Bank maintained the stock with “Hold” rating in Thursday, June 16 report. The firm has “Equal-Weight” rating given on Tuesday, August 8 by Morgan Stanley. The stock of Apollo Global Management, LLC (NYSE:APO) has “Neutral” rating given on Tuesday, August 11 by Goldman Sachs.

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