Monarch Alternative Capital LP Has Trimmed Position in Spirit Realty Capital (SRC) as Valuation Declined; As Southwestern Energy Co (SWN) Stock Value Declined, First Quadrant LP Has Upped by $4.15 Million Its Stake

April 22, 2018 - By Louis Casey

Southwestern Energy Company (NYSE:SWN) Logo

First Quadrant LP increased its stake in Southwestern Energy Co (SWN) by 46.78% based on its latest 2017Q4 regulatory filing with the SEC. First Quadrant LP bought 830,964 shares as the company’s stock declined 19.55% with the market. The institutional investor held 2.61 million shares of the oil & gas production company at the end of 2017Q4, valued at $14.55 million, up from 1.78 million at the end of the previous reported quarter. First Quadrant LP who had been investing in Southwestern Energy Co for a number of months, seems to be bullish on the $2.47 billion market cap company. The stock decreased 2.52% or $0.11 during the last trading session, reaching $4.25. About 21.23 million shares traded. Southwestern Energy Company (NYSE:SWN) has declined 44.42% since April 22, 2017 and is downtrending. It has underperformed by 55.97% the S&P500.

Michael Weinstock decreased its stake in Spirit Realty Capital Inc (SRC) by 80.62% based on its latest 2017Q4 regulatory filing with the SEC. Monarch Alternative Capital Lp sold 9.46M shares as the company’s stock declined 10.89% with the market. The hedge fund run by Michael Weinstock held 2.27 million shares of the consumer services company at the end of 2017Q4, valued at $19.51 million, down from 11.73 million at the end of the previous reported quarter. Monarch Alternative Capital Lp who had been investing in Spirit Realty Capital Inc for a number of months, seems to be less bullish one the $3.53 billion market cap company. The stock decreased 1.38% or $0.11 during the last trading session, reaching $7.86. About 5.98M shares traded or 8.18% up from the average. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 23.56% since April 22, 2017 and is downtrending. It has underperformed by 35.11% the S&P500.

Monarch Alternative Capital Lp, which manages about $6.62B and $1.00 billion US Long portfolio, upped its stake in Resolute Energy Corp by 183,700 shares to 2.00M shares, valued at $62.94 million in 2017Q4, according to the filing.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.32, from 1.29 in 2017Q3. It turned negative, as 32 investors sold SRC shares while 86 reduced holdings. 41 funds opened positions while 73 raised stakes. 402.93 million shares or 3.51% less from 417.60 million shares in 2017Q3 were reported. Hsbc Public Limited Com invested in 51,471 shares. Schroder Investment Group accumulated 56,213 shares. Royal National Bank Of Canada has 297,487 shares for 0% of their portfolio. Huntington Bank & Trust holds 0% in Spirit Realty Capital, Inc. (NYSE:SRC) or 2,000 shares. 72.06 million were accumulated by Vanguard Gru Inc. Daiwa Securities Group Incorporated Incorporated owns 50,800 shares. Sumitomo Mitsui Trust has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Bradley Foster And Sargent Ct invested in 0.11% or 352,650 shares. Parkwood Ltd Limited Liability Company holds 0.01% or 10,541 shares. Citadel Ltd Liability Company has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). Bnp Paribas Arbitrage Sa has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 278,535 shares. Cetera Advsr Lc accumulated 33,536 shares. Davidson Kempner LP invested in 4.17 million shares or 1.15% of the stock. Aperio Gp Ltd accumulated 0.03% or 615,726 shares. Qci Asset Management, New York-based fund reported 8,000 shares.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Spirit Realty Capital had 55 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by Capital One on Wednesday, January 24 to “Equal-Weight”. On Thursday, February 22 the stock rating was maintained by FBR Capital with “Buy”. Wunderlich initiated the stock with “Buy” rating in Tuesday, October 27 report. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Buy” rating by Deutsche Bank on Friday, August 7. Mizuho maintained Spirit Realty Capital, Inc. (NYSE:SRC) rating on Friday, October 20. Mizuho has “Buy” rating and $9.0 target. As per Wednesday, September 7, the company rating was upgraded by Morgan Stanley. The rating was maintained by Morgan Stanley with “Equal-Weight” on Monday, February 5. On Monday, November 21 the stock rating was upgraded by Robert W. Baird to “Outperform”. Ladenburg maintained the shares of SRC in report on Monday, November 13 with “Hold” rating. UBS initiated the stock with “Buy” rating in Monday, September 26 report.

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on May, 2. They expect $0.21 earnings per share, up 5.00% or $0.01 from last year’s $0.2 per share. SRC’s profit will be $94.26 million for 9.36 P/E if the $0.21 EPS becomes a reality. After $0.21 actual earnings per share reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since March 6, 2018, it had 2 insider buys, and 0 selling transactions for $259,899 activity. SENKBEIL THOMAS D bought 25,200 shares worth $199,899.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.03, from 1.08 in 2017Q3. It dived, as 53 investors sold SWN shares while 93 reduced holdings. 52 funds opened positions while 101 raised stakes. 452.81 million shares or 5.39% more from 429.64 million shares in 2017Q3 were reported. Vanguard Grp reported 0.01% in Southwestern Energy Company (NYSE:SWN). Moreover, Private Advisor Grp Ltd has 0% invested in Southwestern Energy Company (NYSE:SWN). Corecommodity Mngmt Ltd Liability Company invested in 30,316 shares or 0.14% of the stock. Capital holds 0.01% or 9.06M shares in its portfolio. Metropolitan Life Com New York owns 146,576 shares. Ontario Teachers Pension Plan Board reported 0.52% in Southwestern Energy Company (NYSE:SWN). Rhumbline Advisers invested 0.01% in Southwestern Energy Company (NYSE:SWN). Connor Clark And Lunn Investment Mgmt Limited invested in 0.06% or 1.83M shares. Gemmer Asset Mngmt Ltd Liability Company reported 0% stake. State Of Wisconsin Inv Board accumulated 138,479 shares. First Manhattan stated it has 1,684 shares or 0% of all its holdings. Paloma Ptnrs Mgmt Com holds 0.02% or 259,391 shares in its portfolio. First Tru Advsrs Limited Partnership holds 0.01% or 1.04M shares in its portfolio. Bessemer Group Incorporated Incorporated stated it has 20,525 shares. Century Cos Incorporated accumulated 363,356 shares.

First Quadrant L P, which manages about $16.82B and $5.33 billion US Long portfolio, decreased its stake in Ross Stores Inc (NASDAQ:ROST) by 255,003 shares to 310,621 shares, valued at $24.93M in 2017Q4, according to the filing. It also reduced its holding in Tjx Companies Inc (NYSE:TJX) by 182,716 shares in the quarter, leaving it with 31,881 shares, and cut its stake in Kmg Chemicals Inc (NYSE:KMG).

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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