Parallax Volatility Advisers LP Decreased Its Conns (CONN) Position as Valuation Declined; As Macquarie Infrastructure Cor (MIC) Shares Declined, Yost Capital Management Has Lowered Its Stake by $4.84 Million

May 18, 2018 - By Louis Casey

Conn's, Inc. (NASDAQ:CONN) Logo

Parallax Volatility Advisers Lp decreased its stake in Conns Inc (CONN) by 23.19% based on its latest 2017Q4 regulatory filing with the SEC. Parallax Volatility Advisers Lp sold 9,893 shares as the company’s stock declined 10.78% with the market. The institutional investor held 32,770 shares of the consumer services company at the end of 2017Q4, valued at $1.17M, down from 42,663 at the end of the previous reported quarter. Parallax Volatility Advisers Lp who had been investing in Conns Inc for a number of months, seems to be less bullish one the $845.93M market cap company. The stock increased 0.19% or $0.05 during the last trading session, reaching $26.8. About 115,579 shares traded. Conn's, Inc. (NASDAQ:CONN) has risen 288.41% since May 18, 2017 and is uptrending. It has outperformed by 276.86% the S&P500.

Yost Capital Management Llc decreased its stake in Macquarie Infrastructure Cor (MIC) by 49.43% based on its latest 2017Q4 regulatory filing with the SEC. Yost Capital Management Llc sold 75,600 shares as the company’s stock declined 42.74% with the market. The institutional investor held 77,343 shares of the oil refining and marketing company at the end of 2017Q4, valued at $4.97M, down from 152,943 at the end of the previous reported quarter. Yost Capital Management Llc who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be less bullish one the $3.10B market cap company. The stock decreased 2.12% or $0.7901 during the last trading session, reaching $36.4699. About 664,469 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 18, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Since December 11, 2017, it had 3 insider purchases, and 1 sale for $54.10 million activity. 1,000 shares valued at $32,198 were bought by Schofman David on Monday, December 11. Shares for $202,524 were bought by Bchara George L. Anchorage Capital Group – L.L.C. sold $54.48 million worth of stock or 1.60 million shares.

Among 6 analysts covering CONN’S (NASDAQ:CONN), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. CONN’S had 20 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus. KeyBanc Capital Markets maintained Conn's, Inc. (NASDAQ:CONN) on Friday, April 6 with “Buy” rating. Piper Jaffray maintained the stock with “Buy” rating in Monday, August 17 report. Stifel Nicolaus maintained Conn's, Inc. (NASDAQ:CONN) rating on Wednesday, December 9. Stifel Nicolaus has “Buy” rating and $32 target. SunTrust maintained Conn's, Inc. (NASDAQ:CONN) on Tuesday, October 24 with “Buy” rating. The firm has “Overweight” rating given on Tuesday, March 15 by Stephens. The stock of Conn's, Inc. (NASDAQ:CONN) has “Buy” rating given on Monday, August 28 by Stifel Nicolaus. On Thursday, September 7 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. The firm has “Buy” rating given on Monday, October 16 by SunTrust. Oppenheimer upgraded Conn's, Inc. (NASDAQ:CONN) on Friday, September 29 to “Outperform” rating.

Parallax Volatility Advisers Lp, which manages about $4.50 billion and $73.62 billion US Long portfolio, upped its stake in Alps Etf Tr (Call) (AMLP) by 225,000 shares to 226,100 shares, valued at $2.44 million in 2017Q4, according to the filing. It also increased its holding in Duke Energy Corp New (Call) (NYSE:DUK) by 194,000 shares in the quarter, for a total of 205,000 shares, and has risen its stake in Ignyta Inc (NASDAQ:RXDX).

Another recent and important Conn's, Inc. (NASDAQ:CONN) news was published by Globenewswire.com which published an article titled: “Recent Analysis Shows First Cash, ADTRAN, OMNOVA Solutions, Athersys, Oppenheimer, and Conn’s Market …” on April 25, 2018.

Analysts await Conn's, Inc. (NASDAQ:CONN) to report earnings on June, 5. They expect $0.26 EPS, up 620.00% or $0.31 from last year’s $-0.05 per share. CONN’s profit will be $8.21 million for 25.77 P/E if the $0.26 EPS becomes a reality. After $0.56 actual EPS reported by Conn's, Inc. for the previous quarter, Wall Street now forecasts -53.57% negative EPS growth.

Investors sentiment decreased to 0.89 in Q4 2017. Its down 0.40, from 1.29 in 2017Q3. It turned negative, as 18 investors sold CONN shares while 43 reduced holdings. 27 funds opened positions while 27 raised stakes. 19.24 million shares or 6.13% less from 20.50 million shares in 2017Q3 were reported. Sg Americas Secs Limited Liability Corp holds 0.01% or 40,899 shares in its portfolio. Arrowstreet Cap Lp owns 265,880 shares or 0.02% of their US portfolio. Assetmark holds 0% or 11 shares. Hodges Cap owns 27,000 shares. Jpmorgan Chase And has 0% invested in Conn's, Inc. (NASDAQ:CONN) for 296,692 shares. Tiaa Cref Investment Management Limited Com holds 0% in Conn's, Inc. (NASDAQ:CONN) or 45,104 shares. Susquehanna Grp Limited Liability Partnership has 0% invested in Conn's, Inc. (NASDAQ:CONN). Quantbot Techs Limited Partnership reported 2,046 shares. The New York-based Anchorage Cap Gru Ltd has invested 3.09% in Conn's, Inc. (NASDAQ:CONN). Sei Invests owns 10,018 shares or 0% of their US portfolio. Royal Fincl Bank Of Canada holds 126 shares. Castleark Management Limited Liability Company reported 173,700 shares. Wells Fargo Mn stated it has 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN). Citadel Advsr Ltd Liability Com holds 0% of its portfolio in Conn's, Inc. (NASDAQ:CONN) for 202,789 shares. Wolverine Asset Management Limited Liability, a Illinois-based fund reported 39,179 shares.

Yost Capital Management Llc, which manages about $239.39M and $140.25 million US Long portfolio, upped its stake in Mplx Lp (NYSE:MPLX) by 15,400 shares to 136,180 shares, valued at $4.83M in 2017Q4, according to the filing. It also increased its holding in Mgm Resorts International (NYSE:MGM) by 243,100 shares in the quarter, for a total of 1.13M shares, and has risen its stake in Cullen Frost Bankers Inc (NYSE:CFR).

Investors sentiment decreased to 1.24 in 2017 Q4. Its down 0.22, from 1.46 in 2017Q3. It is negative, as 40 investors sold MIC shares while 103 reduced holdings. 53 funds opened positions while 125 raised stakes. 64.11 million shares or 1.58% more from 63.11 million shares in 2017Q3 were reported. Sheets Smith Wealth Management reported 4,080 shares. San Francisco Sentry Investment Grp (Ca) has 0.05% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 2,766 shares. Dimensional Fund Advsrs LP has 0.03% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 1.06M shares. Creative Planning holds 10,080 shares. Sumitomo Mitsui Hldg Incorporated invested 0.02% in Macquarie Infrastructure Corporation (NYSE:MIC). Moreover, Hood River Capital Management Ltd Liability Corporation has 0% invested in Macquarie Infrastructure Corporation (NYSE:MIC). State Of Wisconsin Board owns 0.02% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 97,179 shares. Moreover, Advsr Ok has 0.58% invested in Macquarie Infrastructure Corporation (NYSE:MIC). Sequoia Fincl Advsr Ltd Liability Corp invested in 4,220 shares. 4,639 are owned by Toronto Dominion National Bank & Trust. Exane Derivatives has 78 shares for 0% of their portfolio. Dorsey & Whitney Tru Limited Com accumulated 5,325 shares. Gabelli Funds Ltd Liability owns 0.3% invested in Macquarie Infrastructure Corporation (NYSE:MIC) for 798,400 shares. Wespac Advsrs Ltd Liability Corporation accumulated 0.57% or 9,554 shares. Essex Financial accumulated 0.07% or 4,414 shares.

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure had 25 analyst reports since August 5, 2015 according to SRatingsIntel. Suntrust Robinson initiated the stock with “Buy” rating in Tuesday, March 21 report. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Buy” rating by RBC Capital Markets on Sunday, August 20. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Outperform”. The rating was downgraded by JP Morgan to “Neutral” on Thursday, February 22. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, August 5 report. JP Morgan maintained the shares of MIC in report on Thursday, March 24 with “Overweight” rating. The rating was maintained by RBC Capital Markets on Sunday, October 29 with “Buy”. The rating was maintained by SunTrust on Thursday, November 2 with “Buy”. The firm has “Buy” rating by RBC Capital Markets given on Monday, November 6. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, February 23.

Conn's, Inc. (NASDAQ:CONN) Institutional Positions Chart

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