Key Group Holdings Cayman LTD Has Cut Its Qep Res (QEP) Position as Valuation Declined; As Mastercard (MA) Market Value Rose, Holder Eulav Asset Management Lowered Its Stake by $3.02 Million

May 7, 2018 - By Vivian Park

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Key Group Holdings Cayman Ltd decreased its stake in Qep Res Inc (QEP) by 15.82% based on its latest 2017Q4 regulatory filing with the SEC. Key Group Holdings Cayman Ltd sold 1.40 million shares as the company’s stock declined 2.19% with the market. The hedge fund held 7.43M shares of the energy company at the end of 2017Q4, valued at $71.14M, down from 8.83 million at the end of the previous reported quarter. Key Group Holdings Cayman Ltd who had been investing in Qep Res Inc for a number of months, seems to be less bullish one the $2.85 billion market cap company. The stock increased 1.78% or $0.21 during the last trading session, reaching $12.01. About 3.81 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 22.78% since May 7, 2017 and is downtrending. It has underperformed by 34.33% the S&P500.

Eulav Asset Management decreased its stake in Mastercard Incorporated (MA) by 14.13% based on its latest 2017Q4 regulatory filing with the SEC. Eulav Asset Management sold 20,000 shares as the company’s stock rose 14.37% while stock markets declined. The institutional investor held 121,500 shares of the business services company at the end of 2017Q4, valued at $18.39M, down from 141,500 at the end of the previous reported quarter. Eulav Asset Management who had been investing in Mastercard Incorporated for a number of months, seems to be less bullish one the $196.44 billion market cap company. The stock increased 0.91% or $1.69 during the last trading session, reaching $188.17. About 3.59 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 54.12% since May 7, 2017 and is uptrending. It has outperformed by 42.57% the S&P500.

Investors sentiment increased to 0.91 in Q4 2017. Its up 0.02, from 0.89 in 2017Q3. It is positive, as 46 investors sold MA shares while 492 reduced holdings. 131 funds opened positions while 356 raised stakes. 764.78 million shares or 1.94% less from 779.91 million shares in 2017Q3 were reported. Essex Fincl Service holds 4,961 shares. American Investment Services Inc invested in 2,276 shares. Rathbone Brothers Plc stated it has 280,331 shares. Conning holds 22,740 shares or 0.11% of its portfolio. Seabridge Inv Advsr Ltd Com invested in 0.41% or 12,393 shares. Los Angeles Cap And Equity Rech holds 808,511 shares or 0.67% of its portfolio. Tcw owns 695,668 shares. Sunbelt Secs Inc has 0.5% invested in Mastercard Incorporated (NYSE:MA). Lincoln Capital Limited Com holds 6.17% or 73,042 shares. Patten accumulated 2,754 shares or 0.17% of the stock. 155,950 were accumulated by Tirschwell Loewy. Psagot House holds 0.27% of its portfolio in Mastercard Incorporated (NYSE:MA) for 41,249 shares. Ems Limited Partnership has invested 8.14% in Mastercard Incorporated (NYSE:MA). Argent Management Ltd Liability Company reported 427,325 shares or 2.49% of all its holdings. Geller Family Office Svcs Lc holds 0.38% of its portfolio in Mastercard Incorporated (NYSE:MA) for 5,000 shares.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 36 have Buy rating, 0 Sell and 4 Hold. Therefore 90% are positive. Mastercard Incorporated had 129 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Barclays Capital on Tuesday, January 30. UBS initiated Mastercard Incorporated (NYSE:MA) rating on Wednesday, December 16. UBS has “Buy” rating and $112 target. The rating was maintained by FBR Capital on Thursday, July 30 with “Mkt Perform”. Wells Fargo maintained the stock with “Buy” rating in Thursday, March 29 report. The rating was maintained by RBC Capital Markets on Friday, October 30 with “Outperform”. The company was maintained on Thursday, May 3 by Morgan Stanley. The rating was upgraded by Argus Research to “Buy” on Friday, February 2. JP Morgan maintained Mastercard Incorporated (NYSE:MA) rating on Wednesday, November 1. JP Morgan has “Overweight” rating and $160 target. The firm earned “Overweight” rating on Friday, May 4 by KeyBanc Capital Markets. The stock has “Buy” rating by Guggenheim on Thursday, October 8.

Since January 2, 2018, it had 0 insider purchases, and 8 selling transactions for $59.23 million activity. Shares for $2.61M were sold by McLaughlin Edward Grunde on Tuesday, January 2. Fraccaro Michael sold $692,252 worth of stock. On Thursday, May 3 BANGA AJAY sold $44.45 million worth of Mastercard Incorporated (NYSE:MA) or 239,020 shares. Haythornthwaite Richard sold $866,104 worth of stock or 5,000 shares. Shares for $5.53M were sold by Murphy Timothy H on Monday, March 19. 17,496 Mastercard Incorporated (NYSE:MA) shares with value of $3.25M were sold by Vosburg Craig.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Seekingalpha.com which released: “By The Numbers: Should You Buy Mastercard Stock?” on April 26, 2018, also Seekingalpha.com with their article: “Oakmark Global Select Fund: Q1 2018” published on April 23, 2018, Benzinga.com published: “Mastercard Reports Record Q1 Profits, Shares Rise” on May 02, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard, Inc. 2018 Q1 – Results – Earnings Call Slides” published on May 02, 2018 as well as Seekingalpha.com‘s news article titled: “Mastercard’s Network Effect Insurmountable” with publication date: April 24, 2018.

Eulav Asset Management, which manages about $2.35 billion and $2.12 billion US Long portfolio, upped its stake in Alexion Pharmaceuticals Inc (NASDAQ:ALXN) by 18,000 shares to 405,000 shares, valued at $48.43M in 2017Q4, according to the filing. It also increased its holding in American Finl Group Inc Ohio (NYSE:AFG) by 4,500 shares in the quarter, for a total of 8,000 shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Key Group Holdings Cayman Ltd, which manages about $1.99B and $1.25B US Long portfolio, upped its stake in Hess Corp (NYSE:HES) by 579,102 shares to 1.58M shares, valued at $74.96 million in 2017Q4, according to the filing. It also increased its holding in Teck Resources Ltd (NYSE:TCK) by 158,884 shares in the quarter, for a total of 1.27 million shares, and has risen its stake in Basic Energy Svcs Inc New.

Since March 8, 2018, it had 1 insider buy, and 0 selling transactions for $90,000 activity.

Among 27 analysts covering QEP Resources (NYSE:QEP), 13 have Buy rating, 1 Sell and 13 Hold. Therefore 48% are positive. QEP Resources had 71 analyst reports since August 7, 2015 according to SRatingsIntel. As per Tuesday, July 18, the company rating was downgraded by Deutsche Bank. The firm has “Buy” rating by BMO Capital Markets given on Tuesday, November 14. The rating was initiated by FBR Capital with “Hold” on Monday, February 5. Raymond James upgraded the stock to “Strong Buy” rating in Friday, April 29 report. Williams Capital Group maintained it with “Buy” rating and $18.0 target in Thursday, March 1 report. The firm has “Buy” rating given on Tuesday, October 10 by BMO Capital Markets. The firm has “Equal-Weight” rating by Barclays Capital given on Tuesday, November 7. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Overweight” rating by Barclays Capital on Wednesday, October 11. The firm has “Outperform” rating by FBR Capital given on Tuesday, January 3. The firm has “Hold” rating given on Tuesday, February 6 by SunTrust.

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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