Builders Firstsource (BLDR) Shareholder Raging Capital Management Decreased Stake by $10.13 Million as Stock Value Declined; Enlink Midstream Partners LP (ENLK) Shareholder Rr Advisors Decreased Holding by $3.26 Million

June 13, 2018 - By Louis Casey

Builders FirstSource, Inc. (NASDAQ:BLDR) Logo

William C. Martin decreased its stake in Builders Firstsource Inc (BLDR) by 33.88% based on its latest 2018Q1 regulatory filing with the SEC. Raging Capital Management Llc sold 533,088 shares as the company’s stock declined 4.97% with the market. The hedge fund run by William C. Martin held 1.04M shares of the consumer services company at the end of 2018Q1, valued at $20.64 million, down from 1.57M at the end of the previous reported quarter. Raging Capital Management Llc who had been investing in Builders Firstsource Inc for a number of months, seems to be less bullish one the $2.30B market cap company. The stock decreased 3.42% or $0.71 during the last trading session, reaching $20.06. About 486,154 shares traded. Builders FirstSource, Inc. (NASDAQ:BLDR) has risen 41.13% since June 13, 2017 and is uptrending. It has outperformed by 28.56% the S&P500.

Rr Advisors Llc decreased its stake in Enlink Midstream Partners Lp (ENLK) by 10.58% based on its latest 2018Q1 regulatory filing with the SEC. Rr Advisors Llc sold 251,000 shares as the company’s stock rose 4.95% while stock markets declined. The institutional investor held 2.12M shares of the public utilities company at the end of 2018Q1, valued at $28.96 million, down from 2.37M at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Enlink Midstream Partners Lp for a number of months, seems to be less bullish one the $5.91 billion market cap company. The stock decreased 1.52% or $0.26 during the last trading session, reaching $16.8. About 98,987 shares traded. EnLink Midstream Partners, LP (NYSE:ENLK) has declined 8.46% since June 13, 2017 and is downtrending. It has underperformed by 21.03% the S&P500. Some Historical ENLK News: 16/05/2018 – DEVON ENERGY & ENLINK OUTLOOK STABLE BY MOODY’S; 16/05/2018 – Moody’s Affirms Devon Energy And Enlink At Ba1; 19/03/2018 – EnLink Midstream Expects No Impact to Fincl Results Related to Revised FERC Policy; 16/05/2018 – Report: Developing Opportunities within Pacific Premier, EnLink Midstream, CENTENNIAL RES, Navistar International, National Fue; 01/05/2018 – Enlink Midstream 1Q Net $60.1M; 28/03/2018 – EnLink Midstream to Participate in Investor Conferences; 01/05/2018 – ENLINK MIDSTREAM PARTNERS 1Q EPU 6C, EST. 6C; 01/05/2018 – Enlink Midstream 1Q Rev $1.76B; 01/05/2018 – ENLINK MIDSTREAM PARTNERS 1Q REV. $1.76B, EST. $1.66B; 19/03/2018 EnLink Midstream Expects No Impact to Financial Results Related to Revised FERC Policy

Since March 1, 2018, it had 0 buys, and 6 insider sales for $9.47 million activity. MCALEENAN DONALD F sold 194,043 shares worth $4.20M. MILGRIM BRETT N also sold $683,580 worth of Builders FirstSource, Inc. (NASDAQ:BLDR) on Thursday, May 31. 50,000 shares valued at $1.06 million were sold by Tolly Morris E on Thursday, March 1. Shares for $1.14M were sold by CROW M CHAD. SHERMAN FLOYD F had sold 100,000 shares worth $2.12 million.

Raging Capital Management Llc, which manages about $631.31 million and $749.80M US Long portfolio, upped its stake in Harmonic Inc (NASDAQ:HLIT) by 350,000 shares to 7.84M shares, valued at $29.80M in 2018Q1, according to the filing. It also increased its holding in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 1.34M shares in the quarter, for a total of 2.00M shares, and has risen its stake in Scorpio Tankers Inc (NYSE:STNG).

Among 11 analysts covering Builders Firstsource (NASDAQ:BLDR), 9 have Buy rating, 0 Sell and 2 Hold. Therefore 82% are positive. Builders Firstsource had 28 analyst reports since August 3, 2015 according to SRatingsIntel. The company was maintained on Friday, November 10 by Barclays Capital. As per Monday, August 10, the company rating was downgraded by Zacks. The firm has “Buy” rating by Stifel Nicolaus given on Sunday, January 21. Barclays Capital initiated it with “Equal Weight” rating and $12 target in Friday, January 6 report. The stock of Builders FirstSource, Inc. (NASDAQ:BLDR) earned “Buy” rating by SunTrust on Friday, March 2. Stephens maintained the stock with “Buy” rating in Tuesday, January 16 report. Wedbush initiated the stock with “Outperform” rating in Wednesday, September 7 report. On Thursday, March 1 the stock rating was maintained by Stifel Nicolaus with “Buy”. Deutsche Bank maintained Builders FirstSource, Inc. (NASDAQ:BLDR) rating on Wednesday, August 9. Deutsche Bank has “Buy” rating and $19 target. As per Wednesday, June 1, the company rating was initiated by FBR Capital.

Investors sentiment increased to 1.03 in 2018 Q1. Its up 0.03, from 1 in 2017Q4. It improved, as 23 investors sold BLDR shares while 84 reduced holdings. 44 funds opened positions while 66 raised stakes. 95.73 million shares or 5.84% less from 101.67 million shares in 2017Q4 were reported. The Ontario – Canada-based Manufacturers Life Insur Communications The has invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). New Mountain Vantage Advisers Ltd Com holds 2.98% or 1.83M shares. Alliancebernstein Limited Partnership holds 355,870 shares. Ameriprise Fincl Inc holds 167,475 shares or 0% of its portfolio. 101,458 were reported by Eam Investors Ltd Llc. Kennedy Cap Mngmt Inc has 0.47% invested in Builders FirstSource, Inc. (NASDAQ:BLDR) for 1.21 million shares. D E Shaw & Inc invested 0% in Builders FirstSource, Inc. (NASDAQ:BLDR). Hanseatic Mngmt Services holds 0% or 129 shares in its portfolio. Perritt Cap holds 0.18% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 32,600 shares. Tiaa Cref Invest Mgmt Ltd Liability Co holds 0.01% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 406,983 shares. The Massachusetts-based Boston Partners has invested 0.01% in Builders FirstSource, Inc. (NASDAQ:BLDR). State Board Of Administration Of Florida Retirement stated it has 0.01% in Builders FirstSource, Inc. (NASDAQ:BLDR). Peak6 Invs Ltd Partnership stated it has 419 shares or 0% of all its holdings. Icon Advisers Com holds 0.07% of its portfolio in Builders FirstSource, Inc. (NASDAQ:BLDR) for 43,500 shares. Sawgrass Asset Mgmt Limited Liability Com holds 0.08% or 84,975 shares in its portfolio.

Analysts await Builders FirstSource, Inc. (NASDAQ:BLDR) to report earnings on August, 2. They expect $0.56 EPS, up 51.35% or $0.19 from last year’s $0.37 per share. BLDR’s profit will be $64.18M for 8.96 P/E if the $0.56 EPS becomes a reality. After $0.24 actual EPS reported by Builders FirstSource, Inc. for the previous quarter, Wall Street now forecasts 133.33% EPS growth.

Among 23 analysts covering Enlink Midstream Partners (NYSE:ENLK), 10 have Buy rating, 0 Sell and 13 Hold. Therefore 43% are positive. Enlink Midstream Partners had 69 analyst reports since August 6, 2015 according to SRatingsIntel. On Wednesday, April 25 the stock rating was maintained by Jefferies with “Hold”. RBC Capital Markets maintained the stock with “Buy” rating in Tuesday, January 16 report. Stifel Nicolaus maintained EnLink Midstream Partners, LP (NYSE:ENLK) on Wednesday, June 6 with “Hold” rating. The firm has “Overweight” rating given on Friday, April 1 by Piper Jaffray. MUFG Securities Americas Inc upgraded EnLink Midstream Partners, LP (NYSE:ENLK) on Thursday, May 3 to “Hold” rating. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Buy” rating given on Thursday, September 7 by Stifel Nicolaus. On Monday, April 9 the stock rating was maintained by Seaport Global with “Hold”. JP Morgan maintained the stock with “Neutral” rating in Wednesday, March 30 report. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) earned “Buy” rating by Bank of America on Tuesday, March 27. Credit Suisse downgraded the stock to “Neutral” rating in Tuesday, September 13 report.

More news for EnLink Midstream Partners, LP (NYSE:ENLK) were recently published by: Seekingalpha.com, which released: “An EnLink Distribution Cut Is Reasonable” on May 25, 2018. Globenewswire.com‘s article titled: “Recent Analysis Shows EnLink Midstream Partners, LP, Bojangles’, China Mobile (Hong Kong), Baytex Energy, Ocean …” and published on May 31, 2018 is yet another important article.

Rr Advisors Llc, which manages about $1.13 billion and $960.39M US Long portfolio, upped its stake in Shell Midstream Partners Lp by 752,000 shares to 766,000 shares, valued at $16.15M in 2018Q1, according to the filing. It also increased its holding in Targa Resources Corp. (NYSE:TRGP) by 46,000 shares in the quarter, for a total of 1.33M shares, and has risen its stake in Phillips 66 Partners Lp (NYSE:PSXP).

Analysts await EnLink Midstream Partners, LP (NYSE:ENLK) to report earnings on August, 1. ENLK’s profit will be $24.63M for 60.00 P/E if the $0.07 EPS becomes a reality. After $0.06 actual EPS reported by EnLink Midstream Partners, LP for the previous quarter, Wall Street now forecasts 16.67% EPS growth.

Builders FirstSource, Inc. (NASDAQ:BLDR) Institutional Positions Chart

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