Cohen & Steers Position in Sl Green Realty Corp. (SLG) Has Cut as Share Price Declined; Solus Alternative Asset Management LP Has Lowered Intelsat S A (I) Stake by $3.07 Million

May 17, 2018 - By Linda Rogers

Intelsat S.A. (NYSE:I) Logo

Cohen & Steers Inc decreased its stake in Sl Green Realty Corp. (SLG) by 86.91% based on its latest 2017Q4 regulatory filing with the SEC. Cohen & Steers Inc sold 6.04M shares as the company’s stock declined 5.08% with the market. The institutional investor held 910,012 shares of the real estate investment trusts company at the end of 2017Q4, valued at $91.85 million, down from 6.95 million at the end of the previous reported quarter. Cohen & Steers Inc who had been investing in Sl Green Realty Corp. for a number of months, seems to be less bullish one the $8.81B market cap company. The stock decreased 0.56% or $0.53 during the last trading session, reaching $94.59. About 589,391 shares traded. SL Green Realty Corp. (NYSE:SLG) has declined 10.01% since May 17, 2017 and is downtrending. It has underperformed by 21.56% the S&P500.

Christopher Pucillo decreased its stake in Intelsat S A (I) by 56.8% based on its latest 2017Q4 regulatory filing with the SEC. Solus Alternative Asset Management Lp sold 1.02 million shares as the company’s stock rose 16.86% while stock markets declined. The hedge fund run by Christopher Pucillo held 777,099 shares of the telecommunications equipment company at the end of 2017Q4, valued at $2.63 million, down from 1.80 million at the end of the previous reported quarter. Solus Alternative Asset Management Lp who had been investing in Intelsat S A for a number of months, seems to be less bullish one the $1.68B market cap company. The stock increased 1.97% or $0.27 during the last trading session, reaching $13.96. About 2.51M shares traded. Intelsat S.A. (NYSE:I) has declined 8.14% since May 17, 2017 and is downtrending. It has underperformed by 19.69% the S&P500.

Analysts await SL Green Realty Corp. (NYSE:SLG) to report earnings on July, 18. They expect $1.69 EPS, down 5.06% or $0.09 from last year’s $1.78 per share. SLG’s profit will be $157.40 million for 13.99 P/E if the $1.69 EPS becomes a reality. After $1.66 actual EPS reported by SL Green Realty Corp. for the previous quarter, Wall Street now forecasts 1.81% EPS growth.

Cohen & Steers Inc, which manages about $36.18B US Long portfolio, upped its stake in Hsbc Holdings Plc 6.20 Pfd. A by 40,459 shares to 88,367 shares, valued at $2.28 million in 2017Q4, according to the filing. It also increased its holding in Williams Partners Lp (ACMP) by 17,098 shares in the quarter, for a total of 833,430 shares, and has risen its stake in Lamar Advertising Co (NASDAQ:LAMR).

Among 22 analysts covering SL Green Realty Corp. (NYSE:SLG), 11 have Buy rating, 1 Sell and 10 Hold. Therefore 50% are positive. SL Green Realty Corp. had 90 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of SL Green Realty Corp. (NYSE:SLG) earned “Buy” rating by Evercore on Monday, March 21. The firm earned “Buy” rating on Monday, August 24 by Zacks. BMO Capital Markets maintained SL Green Realty Corp. (NYSE:SLG) on Wednesday, July 19 with “Buy” rating. The company was maintained on Wednesday, November 22 by BMO Capital Markets. The stock has “Buy” rating by BMO Capital Markets on Monday, July 3. The company was upgraded on Friday, January 22 by Sandler O’Neill. The stock has “Neutral” rating by SunTrust on Wednesday, August 12. Goldman Sachs upgraded SL Green Realty Corp. (NYSE:SLG) rating on Friday, February 19. Goldman Sachs has “Neutral” rating and $95 target. On Tuesday, September 8 the stock rating was maintained by Evercore with “Hold”. BMO Capital Markets initiated SL Green Realty Corp. (NYSE:SLG) rating on Thursday, September 10. BMO Capital Markets has “Outperform” rating and $127 target.

More recent SL Green Realty Corp. (NYSE:SLG) news were published by: Streetinsider.com which released: “SL Green Realty (SLG) Acquires Leasehold Interest at 2 Herald Square” on May 10, 2018. Also Businesswire.com published the news titled: “SL Green Signs PUMA to Global Retail Flagship at 609 Fifth Avenue” on May 17, 2018. Seekingalpha.com‘s news article titled: “SL Green Realty’s (SLG) CEO Marc Holliday on Q1 2018 Results – Earnings Call Transcript” with publication date: April 19, 2018 was also an interesting one.

Since December 12, 2017, it had 1 insider purchase, and 2 selling transactions for $1.92 million activity. Another trade for 7,880 shares valued at $198,576 was made by HOLLIDAY MARC on Monday, January 29. LEVINE ANDREW S sold $1.50 million worth of stock.

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.11, from 0.84 in 2017Q3. It improved, as 22 investors sold SLG shares while 124 reduced holdings. 52 funds opened positions while 86 raised stakes. 88.86 million shares or 9.56% less from 98.25 million shares in 2017Q3 were reported. Guggenheim Ltd owns 324,700 shares. Kentucky Retirement reported 6,060 shares. Bb&T Secs Ltd Liability Co holds 2,266 shares. Alpine Woods Cap Investors Limited Liability Com reported 0.26% stake. Maryland-based Profund Ltd Liability has invested 0.02% in SL Green Realty Corp. (NYSE:SLG). Walleye Trading Lc has invested 0% in SL Green Realty Corp. (NYSE:SLG). Alliancebernstein Ltd Partnership owns 0.03% invested in SL Green Realty Corp. (NYSE:SLG) for 402,328 shares. Parkside Financial Bank & Tru stated it has 0% of its portfolio in SL Green Realty Corp. (NYSE:SLG). Rhode Island-based Amica Pension Fund Board Of Trustees has invested 0.04% in SL Green Realty Corp. (NYSE:SLG). Kentucky Retirement Tru Fund stated it has 2,610 shares or 0.04% of all its holdings. 528,751 are held by Tiaa Cref Inv Management Limited Company. Brookfield Asset Mgmt owns 1.70 million shares. Fmr Lc, a Massachusetts-based fund reported 4.83 million shares. Raymond James & has invested 0.01% in SL Green Realty Corp. (NYSE:SLG). Blackrock Incorporated stated it has 0.05% in SL Green Realty Corp. (NYSE:SLG).

Among 9 analysts covering Intelsat S.A. (NYSE:I), 2 have Buy rating, 2 Sell and 5 Hold. Therefore 22% are positive. Intelsat S.A. had 18 analyst reports since August 4, 2015 according to SRatingsIntel. J.P. Morgan upgraded the stock to “Hold” rating in Thursday, March 1 report. On Thursday, August 10 the stock rating was maintained by Goldman Sachs with “Neutral”. As per Thursday, March 1, the company rating was upgraded by JP Morgan. RBC Capital Markets upgraded Intelsat S.A. (NYSE:I) rating on Wednesday, January 25. RBC Capital Markets has “Outperform” rating and $6.25 target. As per Thursday, July 27, the company rating was maintained by RBC Capital Markets. The rating was downgraded by Raymond James to “Underperform” on Monday, July 18. Jefferies upgraded the shares of I in report on Friday, September 8 to “Buy” rating. The stock of Intelsat S.A. (NYSE:I) has “Hold” rating given on Wednesday, June 7 by Jefferies. The rating was downgraded by Wells Fargo to “Market Perform” on Friday, February 26. As per Thursday, October 29, the company rating was maintained by RBC Capital Markets.

Solus Alternative Asset Management Lp, which manages about $5.19B and $514.37M US Long portfolio, upped its stake in Scorpio Tankers Inc (NYSE:STNG) by 1.36 million shares to 8.42M shares, valued at $25.68 million in 2017Q4, according to the filing.

Analysts await Intelsat S.A. (NYSE:I) to report earnings on July, 26. They expect $-0.45 earnings per share, down 125.00% or $0.25 from last year’s $-0.2 per share. After $-0.56 actual earnings per share reported by Intelsat S.A. for the previous quarter, Wall Street now forecasts -19.64% EPS growth.

More notable recent Intelsat S.A. (NYSE:I) news were published by: Seekingalpha.com which released: “Why I’m Short Intelstat” on May 15, 2018, also Seekingalpha.com with their article: “Why I’m Short Intelsat” published on May 15, 2018, Seekingalpha.com published: “Why I Sold Intelsat” on April 18, 2018. More interesting news about Intelsat S.A. (NYSE:I) were released by: Seekingalpha.com and their article: “Short Intelsat: Sound Investment Or Wild Speculation?” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Intelsat: Sell And Lock In Profits” with publication date: May 03, 2018.

SL Green Realty Corp. (NYSE:SLG) Institutional Positions Chart

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