Beach Investment Counsel Continues to Hold Position in Hcp (HCP); Timpani Capital Management Cut Its Ringcentral Cl A (RNG) Position by $720,768 as Share Price Rose

April 18, 2018 - By Clifton Ray

HCP, Inc. (NYSE:HCP) Logo

Timpani Capital Management Llc decreased its stake in Ringcentral Inc Cl A (RNG) by 14.57% based on its latest 2017Q4 regulatory filing with the SEC. Timpani Capital Management Llc sold 15,016 shares as the company’s stock rose 37.32% while stock markets declined. The institutional investor held 88,070 shares of the technology company at the end of 2017Q4, valued at $4.26 million, down from 103,086 at the end of the previous reported quarter. Timpani Capital Management Llc who had been investing in Ringcentral Inc Cl A for a number of months, seems to be less bullish one the $5.43B market cap company. The stock increased 0.51% or $0.35 during the last trading session, reaching $69.05. About 302,269 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 143.04% since April 18, 2017 and is uptrending. It has outperformed by 131.49% the S&P500.

Beach Investment Counsel Inc increased its stake in Hcp Inc. (HCP) by 91.01% based on its latest 2017Q4 regulatory filing with the SEC. Beach Investment Counsel Inc bought 65,300 shares as the company’s stock declined 11.22% with the market. The hedge fund held 137,050 shares of the consumer services company at the end of 2017Q4, valued at $3.57 million, up from 71,750 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Hcp Inc. for a number of months, seems to be bullish on the $10.80 billion market cap company. The stock decreased 0.42% or $0.095 during the last trading session, reaching $22.685. About 2.03 million shares traded. HCP, Inc. (NYSE:HCP) has declined 25.98% since April 18, 2017 and is downtrending. It has underperformed by 37.53% the S&P500.

Beach Investment Counsel Inc, which manages about $1.43 billion and $1.03B US Long portfolio, decreased its stake in Wpp Plc Adr (NASDAQ:WPPGY) by 5,275 shares to 19,580 shares, valued at $1.77M in 2017Q4, according to the filing. It also reduced its holding in 8Point3 Energy Partners Lp by 511,508 shares in the quarter, leaving it with 179,300 shares, and cut its stake in Microsoft (NASDAQ:MSFT).

Since February 13, 2018, it had 1 insider buy, and 0 insider sales for $306,739 activity.

Investors sentiment increased to 0.89 in 2017 Q4. Its up 0.04, from 0.85 in 2017Q3. It is positive, as 59 investors sold HCP shares while 174 reduced holdings. 51 funds opened positions while 156 raised stakes. 401.93 million shares or 2.30% less from 411.39 million shares in 2017Q3 were reported. 308,810 were accumulated by Cornerstone Cap Mgmt Hldg Limited Liability. 8.60 million were accumulated by Cohen Steers. British Columbia Management has 0.05% invested in HCP, Inc. (NYSE:HCP) for 250,789 shares. Plante Moran Advsr Lc holds 0.02% of its portfolio in HCP, Inc. (NYSE:HCP) for 1,667 shares. Reliance Trust Communications Of Delaware has invested 0.03% in HCP, Inc. (NYSE:HCP). Independent Order Of Foresters holds 1.98% in HCP, Inc. (NYSE:HCP) or 85,881 shares. Boothbay Fund Mngmt Limited Liability Com has 28,002 shares. Netherlands-based Pggm has invested 1.17% in HCP, Inc. (NYSE:HCP). Assetmark accumulated 683,843 shares. Amalgamated Bank stated it has 0.04% of its portfolio in HCP, Inc. (NYSE:HCP). Verition Fund Mngmt Ltd Liability Corporation has invested 0.08% in HCP, Inc. (NYSE:HCP). California Employees Retirement System holds 0.04% or 1.21M shares. Comerica Retail Bank invested in 139,827 shares or 0.02% of the stock. Tarbox Family Office reported 176 shares. Riverhead Cap Ltd Limited Liability Company, Delaware-based fund reported 91,908 shares.

Among 21 analysts covering HCP (NYSE:HCP), 6 have Buy rating, 1 Sell and 14 Hold. Therefore 29% are positive. HCP had 78 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of HCP, Inc. (NYSE:HCP) has “Hold” rating given on Friday, September 15 by KeyBanc Capital Markets. As per Wednesday, July 5, the company rating was maintained by RBC Capital Markets. Robert W. Baird maintained the shares of HCP in report on Friday, January 5 with “Hold” rating. The firm has “In-Line” rating given on Monday, March 27 by Evercore. The stock of HCP, Inc. (NYSE:HCP) has “Underperform” rating given on Friday, November 6 by RBC Capital Markets. As per Thursday, December 14, the company rating was maintained by Morgan Stanley. The firm earned “Hold” rating on Wednesday, November 2 by Stifel Nicolaus. The stock of HCP, Inc. (NYSE:HCP) earned “Hold” rating by Jefferies on Tuesday, May 10. The stock of HCP, Inc. (NYSE:HCP) earned “Neutral” rating by UBS on Tuesday, August 23. On Friday, November 4 the stock rating was upgraded by RBC Capital Markets to “Sector Perform”.

Since December 11, 2017, it had 0 insider purchases, and 18 insider sales for $12.51 million activity. Shmunis Vladimir also sold $1.60 million worth of RingCentral, Inc. (NYSE:RNG) shares. Shah Praful sold $661,300 worth of stock. 3,000 RingCentral, Inc. (NYSE:RNG) shares with value of $188,910 were sold by Dhruv Mitesh. Marlow John H had sold 12,639 shares worth $803,642.

Timpani Capital Management Llc, which manages about $202.98M and $277.89M US Long portfolio, upped its stake in Canada Goose Holdings Inc by 24,764 shares to 86,103 shares, valued at $2.72M in 2017Q4, according to the filing. It also increased its holding in Wns Holdings Inc (NYSE:WNS) by 8,164 shares in the quarter, for a total of 86,627 shares, and has risen its stake in Penumbra Inc.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on April, 24. They expect $-0.06 EPS, up 33.33% or $0.03 from last year’s $-0.09 per share. After $-0.08 actual EPS reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts -25.00% EPS growth.

Among 18 analysts covering RingCentral (NYSE:RNG), 15 have Buy rating, 0 Sell and 3 Hold. Therefore 83% are positive. RingCentral had 61 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Buy” on Thursday, August 3. On Tuesday, May 23 the stock rating was maintained by William Blair with “Outperform”. Jefferies maintained it with “Buy” rating and $60.0 target in Monday, February 12 report. The stock has “Buy” rating by Jefferies on Wednesday, August 2. William Blair maintained the shares of RNG in report on Monday, October 23 with “Buy” rating. On Thursday, November 9 the stock rating was maintained by Northland Capital with “Buy”. The stock of RingCentral, Inc. (NYSE:RNG) earned “Buy” rating by Jefferies on Friday, May 26. RBC Capital Markets maintained it with “Outperform” rating and $27 target in Wednesday, December 9 report. Jefferies maintained RingCentral, Inc. (NYSE:RNG) rating on Friday, June 30. Jefferies has “Buy” rating and $3800 target. On Thursday, July 23 the stock rating was initiated by JP Morgan with “Overweight”.

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