As Columbia Ppty (CXP) Stock Price Declined, Shareholder Cambridge Investment Research Advisors Cut Position; Fir Tree Trimmed Its Ep Energy (EPE) Holding by $626,532; Share Value Declined

May 19, 2018 - By Clifton Ray

Columbia Property Trust, Inc. (NYSE:CXP) Logo

Jeffrey Tannenbaum decreased its stake in Ep Energy Corp (EPE) by 12.77% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc sold 313,266 shares as the company’s stock declined 33.49% with the market. The hedge fund run by Jeffrey Tannenbaum held 2.14 million shares of the oil & gas production company at the end of 2017Q4, valued at $5.05 million, down from 2.45M at the end of the previous reported quarter. Fir Tree Inc who had been investing in Ep Energy Corp for a number of months, seems to be less bullish one the $826.27 million market cap company. The stock increased 4.46% or $0.14 during the last trading session, reaching $3.28. About 1.87M shares traded or 90.22% up from the average. EP Energy Corporation (NYSE:EPE) has declined 67.45% since May 19, 2017 and is downtrending. It has underperformed by 79.00% the S&P500.

Cambridge Investment Research Advisors Inc decreased its stake in Columbia Ppty (CXP) by 9.97% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc sold 13,836 shares as the company’s stock declined 11.19% with the market. The institutional investor held 124,965 shares of the consumer services company at the end of 2017Q4, valued at $2.87 million, down from 138,801 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Columbia Ppty for a number of months, seems to be less bullish one the $2.54B market cap company. The stock increased 0.33% or $0.07 during the last trading session, reaching $21.37. About 675,041 shares traded. Columbia Property Trust, Inc. (NYSE:CXP) has declined 7.43% since May 19, 2017 and is downtrending. It has underperformed by 18.98% the S&P500.

Among 25 analysts covering EP Energy Corporation (NYSE:EPE), 2 have Buy rating, 7 Sell and 16 Hold. Therefore 8% are positive. EP Energy Corporation had 87 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Robert W. Baird given on Tuesday, December 19. The stock of EP Energy Corporation (NYSE:EPE) earned “Outperform” rating by RBC Capital Markets on Monday, February 22. The rating was maintained by Bank of America with “Underperform” on Wednesday, July 19. As per Friday, October 30, the company rating was maintained by RBC Capital Markets. The company was downgraded on Monday, February 22 by Northland Capital. The stock of EP Energy Corporation (NYSE:EPE) has “Neutral” rating given on Tuesday, May 17 by Citigroup. The company was maintained on Friday, May 26 by FBR Capital. The firm earned “Buy” rating on Thursday, July 30 by Topeka Capital Markets. The firm has “Neutral” rating given on Wednesday, September 21 by Goldman Sachs. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 11.

Fir Tree Inc, which manages about $18.45 billion and $3.71B US Long portfolio, upped its stake in Alphabet Inc (Call) by 50,000 shares to 250,000 shares, valued at $261.60 million in 2017Q4, according to the filing. It also increased its holding in Jones Energy Inc (NYSE:JONE) by 1.16M shares in the quarter, for a total of 6.14M shares, and has risen its stake in Microsoft Corp (Call) (NASDAQ:MSFT).

Analysts await EP Energy Corporation (NYSE:EPE) to report earnings on August, 1. They expect $-0.04 EPS, up 60.00% or $0.06 from last year’s $-0.1 per share. After $-0.07 actual EPS reported by EP Energy Corporation for the previous quarter, Wall Street now forecasts -42.86% EPS growth.

Investors sentiment decreased to 0.76 in Q4 2017. Its down 0.16, from 0.92 in 2017Q3. It worsened, as 17 investors sold EPE shares while 28 reduced holdings. 9 funds opened positions while 25 raised stakes. 174.98 million shares or 0.39% less from 175.66 million shares in 2017Q3 were reported. Parametric Portfolio Ltd Llc invested 0% of its portfolio in EP Energy Corporation (NYSE:EPE). Spark Invest Mgmt Ltd Liability accumulated 391,477 shares or 0.05% of the stock. Blackrock Inc reported 4.05M shares. Invesco Limited has invested 0% in EP Energy Corporation (NYSE:EPE). Legal And General Grp Inc Plc has 11,209 shares for 0% of their portfolio. 102,507 were reported by Morgan Stanley. Tiaa Cref Inv Mgmt Limited Liability Com stated it has 0% of its portfolio in EP Energy Corporation (NYSE:EPE). Moreover, Alliancebernstein Ltd Partnership has 0% invested in EP Energy Corporation (NYSE:EPE) for 185,638 shares. Pennsylvania-based Vanguard Group Inc has invested 0% in EP Energy Corporation (NYSE:EPE). Barclays Public Limited has invested 0% in EP Energy Corporation (NYSE:EPE). Columbia Pacific Advsrs Limited Liability, Washington-based fund reported 884,465 shares. 107,821 are held by Deutsche National Bank Ag. The California-based California State Teachers Retirement Sys has invested 0% in EP Energy Corporation (NYSE:EPE). Walleye Trading Ltd Company invested in 0% or 9,987 shares. Ameriprise Fincl accumulated 37,068 shares.

Cambridge Investment Research Advisors Inc, which manages about $19.96 billion and $8.50B US Long portfolio, upped its stake in Schwab Strategic Tr Schwab Fdt (FNDX) by 12,530 shares to 228,060 shares, valued at $8.54 million in 2017Q4, according to the filing. It also increased its holding in Powershares Etf Trust Dynm Lrg (PWB) by 31,538 shares in the quarter, for a total of 224,442 shares, and has risen its stake in Schwab Strategic Tr Sht Tm (SCHO).

Among 9 analysts covering Columbia Property Trust (NYSE:CXP), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Columbia Property Trust had 23 analyst reports since August 4, 2015 according to SRatingsIntel. As per Monday, May 1, the company rating was maintained by BMO Capital Markets. The firm has “Sell” rating given on Friday, February 19 by Goldman Sachs. The firm earned “Neutral” rating on Wednesday, February 22 by Goldman Sachs. As per Monday, January 9, the company rating was downgraded by JMP Securities. The firm has “Buy” rating by Wunderlich given on Tuesday, August 4. The company was upgraded on Tuesday, March 28 by Evercore. The rating was maintained by SunTrust on Thursday, October 26 with “Hold”. Evercore maintained Columbia Property Trust, Inc. (NYSE:CXP) on Tuesday, September 8 with “Hold” rating. The stock has “Outperform” rating by Oppenheimer on Tuesday, January 24. Goldman Sachs upgraded it to “Buy” rating and $2600 target in Tuesday, May 8 report.

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.04, from 1.03 in 2017Q3. It improved, as 18 investors sold CXP shares while 66 reduced holdings. 36 funds opened positions while 54 raised stakes. 81.16 million shares or 2.11% more from 79.49 million shares in 2017Q3 were reported. 154 are owned by Chevy Chase Tru Hldgs. Goldman Sachs Gru holds 4.30M shares. Sei has 134,609 shares for 0.01% of their portfolio. Millennium Mngmt Ltd has invested 0% in Columbia Property Trust, Inc. (NYSE:CXP). Panagora Asset Management accumulated 9,069 shares or 0% of the stock. Price T Rowe Assocs Md has invested 0% in Columbia Property Trust, Inc. (NYSE:CXP). Deutsche Savings Bank Ag owns 187,476 shares. First Personal Finance Service reported 527 shares. First Midwest National Bank & Trust Trust Division holds 18,353 shares or 0.05% of its portfolio. Manufacturers Life Ins Comm The reported 5,511 shares stake. Wells Fargo And Mn owns 400,243 shares. Moreover, Hsbc Public Ltd Com has 0% invested in Columbia Property Trust, Inc. (NYSE:CXP) for 19,795 shares. Thompson Siegel Walmsley Limited Liability Company accumulated 1.30M shares or 0.36% of the stock. Geode Mngmt Ltd Liability Co reported 0.01% stake. Alliancebernstein Lp owns 727,354 shares.

Since December 19, 2017, it had 1 buy, and 0 sales for $132,051 activity.

More news for Columbia Property Trust, Inc. (NYSE:CXP) were recently published by: Businesswire.com, which released: “Columbia Property Trust Declares Second Quarter Dividend” on April 28, 2018. Seekingalpha.com‘s article titled: “Columbia Property Trust’s (CXP) CEO Nelson Mills on Q1 2018 Results – Earnings Call Transcript” and published on April 27, 2018 is yet another important article.

EP Energy Corporation (NYSE:EPE) Institutional Positions Chart

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