Cathay General Banco (CATY) Position Maintained by Hillcrest Asset Management Llc; Shareholder Pring Turner Capital Group Upped Kinder Morgan (KMI) Stake

June 14, 2018 - By Lawrence Diaz

Cathay General Bancorp (NASDAQ:CATY) Logo

Pring Turner Capital Group Inc increased its stake in Kinder Morgan Inc (KMI) by 33.68% based on its latest 2018Q1 regulatory filing with the SEC. Pring Turner Capital Group Inc bought 43,720 shares as the company’s stock declined 6.09% with the market. The institutional investor held 173,534 shares of the public utilities company at the end of 2018Q1, valued at $2.61 million, up from 129,814 at the end of the previous reported quarter. Pring Turner Capital Group Inc who had been investing in Kinder Morgan Inc for a number of months, seems to be bullish on the $37.37B market cap company. The stock increased 1.19% or $0.2 during the last trading session, reaching $16.94. About 3.79 million shares traded. Kinder Morgan, Inc. (NYSE:KMI) has declined 18.18% since June 14, 2017 and is downtrending. It has underperformed by 30.75% the S&P500. Some Historical KMI News: 18/04/2018 – KINDER MORGAN CANADA 1Q EPS C$0.10; 08/05/2018 – Canadian pension fund raised stake in Kinder Morgan – Financial Post; 29/05/2018 – CANADA FINANCE MINISTER: PORTION OF TRANS MOUNTAIN CONSTRUCTION COSTS CAN BE PASSED ON TO OIL COMPANIES IN FORM OF TOLLS; 29/05/2018 – Kinder Morgan: Transaction Will Also Have a Positive Impact on Consolidated Balance Sheet; 15/04/2018 – Canada’s Trudeau faces election risk after firm’s pipeline surprise; 12/04/2018 – The Vancouver Sun: BREAKING: PM Justin Trudeau to meet with B.C. Premier John Horgan and Alberta Premier Rachel Notley Sunday; 29/05/2018 – CANADA FINANCE MINISTER SAYS DOESN’T HAVE A TARGET DATE FOR SELLING TRANS MOUNTAIN BACK TO PRIVATE SECTOR; 08/05/2018 – NORWAY’S SOVEREIGN WEALTH FUND SAYS RESOLUTION WILL BE VOTED AT AGM ON MAY 9; 16/05/2018 – KINDER MORGAN CANADA SAYS ISSUES STATEMENT IN RESPONSE TO FEDERAL FINANCE MINISTER’S PRESS CONFERENCE EARLIER TODAY; 08/04/2018 – Kinder Morgan reins in spending on Trans Mountain Pipeline expansion

Hillcrest Asset Management Llc increased its stake in Cathay General Banco (CATY) by 14.61% based on its latest 2018Q1 regulatory filing with the SEC. Hillcrest Asset Management Llc bought 30,112 shares as the company’s stock declined 0.35% with the market. The institutional investor held 236,223 shares of the major banks company at the end of 2018Q1, valued at $9.44 million, up from 206,111 at the end of the previous reported quarter. Hillcrest Asset Management Llc who had been investing in Cathay General Banco for a number of months, seems to be bullish on the $3.43 billion market cap company. The stock decreased 0.80% or $0.34 during the last trading session, reaching $42.22. About 119,775 shares traded. Cathay General Bancorp (NASDAQ:CATY) has risen 16.04% since June 14, 2017 and is uptrending. It has outperformed by 3.47% the S&P500. Some Historical CATY News: 18/04/2018 – CATHAY GENERAL BANCORP – QTRLY NET INTEREST INCOME BEFORE PROVISION FOR CREDIT LOSSES $135.3 MLN VS $112.1 MLN; 18/04/2018 – CATHAY GENERAL 1Q EPS 78C, EST. 78C; 19/04/2018 – Cathay General Closes Above 200-Day Moving Average: Technicals; 18/04/2018 – Cathay General Bancorp 1Q EPS 78c; 21/04/2018 – DJ Cathay General Bancorp, Inst Holders, 1Q 2018 (CATY); 06/03/2018 Cathay General Closes Above 50-Day Moving Average: Technicals; 18/04/2018 – Cathay General Bancorp 1Q Net $63.8M

Since February 2, 2018, it had 0 insider purchases, and 7 insider sales for $5.04 million activity. BINGHAM KIM R had sold 3,800 shares worth $169,906 on Friday, February 2. On Wednesday, June 6 WONG IRWIN sold $275,587 worth of Cathay General Bancorp (NASDAQ:CATY) or 6,409 shares. 33,045 shares valued at $1.47 million were sold by WU PETER on Friday, February 2.

Hillcrest Asset Management Llc, which manages about $111.61 million and $497.10 million US Long portfolio, decreased its stake in National General Hld (NASDAQ:NGHC) by 14,264 shares to 403,438 shares, valued at $9.81 million in 2018Q1, according to the filing. It also reduced its holding in Tenneco Inc (NYSE:TEN) by 6,012 shares in the quarter, leaving it with 160,598 shares, and cut its stake in Seacoast Bk Corp Fla (NASDAQ:SBCF).

Among 10 analysts covering Cathay Bancorp (NASDAQ:CATY), 4 have Buy rating, 0 Sell and 6 Hold. Therefore 40% are positive. Cathay Bancorp had 36 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, October 3 report. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by BMO Capital Markets on Thursday, November 30. The stock of Cathay General Bancorp (NASDAQ:CATY) has “Hold” rating given on Wednesday, April 18 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, October 26 by RBC Capital Markets. On Friday, July 7 the stock rating was maintained by BMO Capital Markets with “Buy”. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Hold” rating by Keefe Bruyette & Woods on Thursday, December 21. The firm earned “Hold” rating on Monday, February 26 by Keefe Bruyette & Woods. Sandler O’Neill maintained the stock with “Hold” rating in Wednesday, January 31 report. The rating was maintained by BMO Capital Markets with “Hold” on Wednesday, April 18. The stock of Cathay General Bancorp (NASDAQ:CATY) earned “Buy” rating by Piper Jaffray on Wednesday, April 18.

Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.14, from 1.23 in 2017Q4. It dived, as 12 investors sold CATY shares while 69 reduced holdings. 25 funds opened positions while 63 raised stakes. 53.71 million shares or 0.82% more from 53.28 million shares in 2017Q4 were reported. Moreover, Zurcher Kantonalbank (Zurich Cantonalbank) has 0% invested in Cathay General Bancorp (NASDAQ:CATY). 25,257 are owned by Shell Asset Mngmt. Citadel Ltd has 55,735 shares. New Mexico Educational Retirement Board holds 0.03% or 20,900 shares. Smith Graham & Limited Partnership reported 0.57% in Cathay General Bancorp (NASDAQ:CATY). Dimensional Fund Advisors Lp invested in 0.06% or 3.75 million shares. Opus Ltd Llc has 0.56% invested in Cathay General Bancorp (NASDAQ:CATY) for 55,412 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 257,446 shares. Bnp Paribas Arbitrage Sa stated it has 0% in Cathay General Bancorp (NASDAQ:CATY). 70,835 were accumulated by Voya Mgmt Limited Liability Co. Great Lakes Advisors accumulated 175,733 shares. Services Automobile Association reported 62,846 shares. 417,888 were reported by Tiaa Cref Inv Mngmt Ltd Com. Stevens Cap Management LP reported 41,294 shares. Systematic Mgmt Limited Partnership reported 0.05% stake.

More news for Cathay General Bancorp (NASDAQ:CATY) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Meritage, AllianceBernstein Holding, Viper Energy Partners LP, Huron …” on May 21, 2018. Prnewswire.com‘s article titled: “Cathay Bank Teams With UCLA Anderson Forecast” and published on June 14, 2018 is yet another important article.

More notable recent Kinder Morgan, Inc. (NYSE:KMI) news were published by: Fool.com which released: “Energy Investors Are Overlooking Kinder Morgan’s Huge Growth Opportunity” on June 11, 2018, also Seekingalpha.com with their article: “Kinder Morgan Drops A Shocking Bombshell: 5 Things Investors Need To Know” published on June 13, 2018, Seekingalpha.com published: “Kinder Morgan Starts Over” on May 30, 2018. More interesting news about Kinder Morgan, Inc. (NYSE:KMI) were released by: Fool.com and their article: “Kinder Morgan Inc. Still Has Plenty of Growth Left in the Tank” published on June 04, 2018 as well as Fool.com‘s news article titled: “Is Kinder Morgan, Inc. (KMI) a Buy?” with publication date: June 01, 2018.

Among 25 analysts covering Kinder Morgan (NYSE:KMI), 17 have Buy rating, 0 Sell and 8 Hold. Therefore 68% are positive. Kinder Morgan had 86 analyst reports since July 30, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, July 20 report. The company was maintained on Wednesday, October 11 by RBC Capital Markets. RBC Capital Markets maintained Kinder Morgan, Inc. (NYSE:KMI) on Thursday, December 3 with “Outperform” rating. As per Wednesday, May 30, the company rating was maintained by Morgan Stanley. The firm has “Hold” rating by Jefferies given on Thursday, June 22. The stock of Kinder Morgan, Inc. (NYSE:KMI) earned “Overweight” rating by Barclays Capital on Tuesday, April 17. Bank of America upgraded Kinder Morgan, Inc. (NYSE:KMI) on Wednesday, March 21 to “Buy” rating. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, October 22. The firm earned “Buy” rating on Friday, March 2 by UBS.

Investors sentiment increased to 0.99 in 2018 Q1. Its up 0.29, from 0.7 in 2017Q4. It is positive, as 74 investors sold KMI shares while 305 reduced holdings. 108 funds opened positions while 266 raised stakes. 1.31 billion shares or 0.24% less from 1.31 billion shares in 2017Q4 were reported. Beacon Gru reported 16,705 shares. Cambridge Investment Rech Advsr holds 0.03% or 167,838 shares in its portfolio. Dupont Capital Mgmt Corp reported 0.15% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Schwab Charles Invest Mngmt has invested 0.08% in Kinder Morgan, Inc. (NYSE:KMI). Valmark Advisers owns 11,343 shares or 0% of their US portfolio. Destination Wealth Mgmt holds 0% or 971 shares. Oppenheimer Asset Mgmt Inc owns 12,185 shares. Woodstock Corp invested 0.11% of its portfolio in Kinder Morgan, Inc. (NYSE:KMI). Oppenheimer & Company holds 279,293 shares. First Dallas Securities, Texas-based fund reported 12,990 shares. Moreover, Vident Advisory Ltd Limited Liability Company has 0.02% invested in Kinder Morgan, Inc. (NYSE:KMI) for 24,281 shares. 1.27 million are owned by Public Employees Retirement Of Ohio. Jfs Wealth Advsr Ltd Company has 1,249 shares for 0.01% of their portfolio. Fdx reported 99,588 shares or 0.04% of all its holdings. State Of New Jersey Common Pension Fund D reported 4.50M shares or 0.26% of all its holdings.

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