Chickasaw Capital Management Has Raised Its Enlink Midstream (ENLC) Stake by $7.76 Million; As Alliance Data System (ADS) Share Price Declined, Shareholder Golden Gate Private Equity Decreased Its Holding by $1.04 Million

April 17, 2018 - By Peter Erickson

Alliance Data Systems Corporation (NYSE:ADS) Logo

Golden Gate Private Equity Inc decreased its stake in Alliance Data System Corporation (ADS) by 28.01% based on its latest 2017Q4 regulatory filing with the SEC. Golden Gate Private Equity Inc sold 4,100 shares as the company’s stock declined 13.04% with the market. The institutional investor held 10,536 shares of the business services company at the end of 2017Q4, valued at $2.67 million, down from 14,636 at the end of the previous reported quarter. Golden Gate Private Equity Inc who had been investing in Alliance Data System Corporation for a number of months, seems to be less bullish one the $11.76 billion market cap company. The stock increased 0.72% or $1.52 during the last trading session, reaching $212.07. About 449,959 shares traded. Alliance Data Systems Corporation (NYSE:ADS) has declined 9.99% since April 17, 2017 and is downtrending. It has underperformed by 21.54% the S&P500.

Chickasaw Capital Management Llc increased its stake in Enlink Midstream Llc (ENLC) by 2.95% based on its latest 2017Q4 regulatory filing with the SEC. Chickasaw Capital Management Llc bought 456,251 shares as the company’s stock declined 17.15% with the market. The hedge fund held 15.90M shares of the public utilities company at the end of 2017Q4, valued at $279.82M, up from 15.44M at the end of the previous reported quarter. Chickasaw Capital Management Llc who had been investing in Enlink Midstream Llc for a number of months, seems to be bullish on the $2.71 billion market cap company. The stock increased 0.67% or $0.0999 during the last trading session, reaching $14.9999. About 545,762 shares traded or 40.60% up from the average. EnLink Midstream, LLC (NYSE:ENLC) has declined 21.83% since April 17, 2017 and is downtrending. It has underperformed by 33.38% the S&P500.

Since February 16, 2018, it had 0 insider purchases, and 2 selling transactions for $8.14 million activity. Miller Melisa A sold $3.00 million worth of stock or 12,246 shares.

Among 35 analysts covering Alliance Data Systems (NYSE:ADS), 18 have Buy rating, 3 Sell and 14 Hold. Therefore 51% are positive. Alliance Data Systems had 94 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of Alliance Data Systems Corporation (NYSE:ADS) earned “Underperform” rating by Oppenheimer on Friday, January 26. The stock has “Hold” rating by BMO Capital Markets on Thursday, January 25. The firm has “Mkt Perform” rating by Raymond James given on Thursday, January 26. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Neutral” rating given on Tuesday, April 19 by Credit Suisse. The firm has “Buy” rating by Guggenheim given on Thursday, November 17. Credit Suisse initiated the stock with “Neutral” rating in Friday, December 11 report. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Sell” rating given on Thursday, April 12 by Oppenheimer. The stock of Alliance Data Systems Corporation (NYSE:ADS) has “Underperform” rating given on Wednesday, August 17 by Credit Suisse. The firm has “Buy” rating by Cowen & Co given on Friday, September 15. The rating was maintained by BMO Capital Markets on Monday, October 16 with “Hold”.

Analysts await Alliance Data Systems Corporation (NYSE:ADS) to report earnings on April, 19 before the open. They expect $4.21 earnings per share, up 15.66% or $0.57 from last year’s $3.64 per share. ADS’s profit will be $233.50 million for 12.59 P/E if the $4.21 EPS becomes a reality. After $6.10 actual earnings per share reported by Alliance Data Systems Corporation for the previous quarter, Wall Street now forecasts -30.98% negative EPS growth.

Investors sentiment is 0.93 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 39 investors sold ADS shares while 176 reduced holdings. only 69 funds opened positions while 132 raised stakes. 51.81 million shares or 1.64% more from 50.97 million shares in 2017Q3 were reported. Earnest Prns Llc invested in 0% or 27 shares. 30 are owned by Gradient Llc. Retail Bank Of Montreal Can holds 0.11% of its portfolio in Alliance Data Systems Corporation (NYSE:ADS) for 481,504 shares. Tower Research Capital Limited Liability (Trc) reported 600 shares. Cardinal Capital Mngmt invested 0.17% in Alliance Data Systems Corporation (NYSE:ADS). D E Shaw And Incorporated holds 2,040 shares. 184,398 are held by Swiss Commercial Bank. Brant Point Invest Mgmt Limited Liability Company has 0.32% invested in Alliance Data Systems Corporation (NYSE:ADS) for 12,230 shares. Pitcairn Com has invested 0.03% in Alliance Data Systems Corporation (NYSE:ADS). First Long Island Investors Ltd Liability has invested 1.66% in Alliance Data Systems Corporation (NYSE:ADS). Factory Mutual Insurance Com invested in 11,700 shares. Gemmer Asset Mgmt Ltd Llc reported 91 shares or 0.01% of all its holdings. Retirement Of Alabama invested in 0.03% or 23,294 shares. Texas Permanent School Fund has 13,123 shares for 0.04% of their portfolio. Vaughan Nelson Invest Mgmt Lp, Texas-based fund reported 171,230 shares.

Chickasaw Capital Management Llc, which manages about $1.93B and $4.79B US Long portfolio, decreased its stake in Plains Gp Holdings by 123,552 shares to 8.03 million shares, valued at $176.22M in 2017Q4, according to the filing. It also reduced its holding in Plains All American Pipeline L (NYSE:PAA) by 781,552 shares in the quarter, leaving it with 6.65 million shares, and cut its stake in Visa Inc Cl A (NYSE:V).

Among 21 analysts covering EnLink Midstream LLC (NYSE:ENLC), 3 have Buy rating, 3 Sell and 15 Hold. Therefore 14% are positive. EnLink Midstream LLC had 71 analyst reports since August 6, 2015 according to SRatingsIntel. Jefferies downgraded EnLink Midstream, LLC (NYSE:ENLC) rating on Wednesday, June 8. Jefferies has “Hold” rating and $15 target. The firm has “Buy” rating given on Thursday, November 2 by Citigroup. Wells Fargo downgraded EnLink Midstream, LLC (NYSE:ENLC) on Friday, January 15 to “Market Perform” rating. The rating was initiated by Simmons & Co with “Overweight” on Thursday, August 27. The firm has “Hold” rating by RBC Capital Markets given on Sunday, July 30. The rating was reinitiated by Piper Jaffray on Friday, April 1 with “Neutral”. UBS upgraded EnLink Midstream, LLC (NYSE:ENLC) on Tuesday, October 24 to “Buy” rating. Seaport Global maintained EnLink Midstream, LLC (NYSE:ENLC) on Monday, April 9 with “Hold” rating. The firm has “Neutral” rating by Robert W. Baird given on Tuesday, June 28. RBC Capital Markets maintained it with “Sector Perform” rating and $19.0 target in Friday, September 2 report.

Alliance Data Systems Corporation (NYSE:ADS) Institutional Positions Chart

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