Reinhart Partners Stake in Entergy (ETR) Lifted as Share Value Rose; As Alibaba Group Hldg LTD (BABA) Market Value Rose, Prime Capital Management Company LTD Lifted Its Holding by $135.03 Million

June 19, 2018 - By Nellie Frank

Reinhart Partners Inc increased its stake in Entergy (ETR) by 57.39% based on its latest 2018Q1 regulatory filing with the SEC. Reinhart Partners Inc bought 71,946 shares as the company’s stock rose 3.61% while stock markets declined. The institutional investor held 197,311 shares of the central company at the end of 2018Q1, valued at $15.54 million, up from 125,365 at the end of the previous reported quarter. Reinhart Partners Inc who had been investing in Entergy for a number of months, seems to be bullish on the $14.18 billion market cap company. The stock increased 0.24% or $0.19 during the last trading session, reaching $78.4. About 3.41M shares traded or 129.63% up from the average. Entergy Corporation (NYSE:ETR) has risen 2.40% since June 19, 2017 and is uptrending. It has underperformed by 10.17% the S&P500. Some Historical ETR News: 16/05/2018 – DEEP ECO: Entergy May Face Pressure, Industry Falls in April; 25/04/2018 – Entergy Sees FY18 Utility, Parent & Other Adjusted Guidance Range of $4.50-$4.90 a Shr; 07/05/2018 – ENTERGY RAISES ARKANSAS NUCLEAR 1 TO 100% POWER FROM 0%: NRC; 25/04/2018 – ENTERGY’S INDIAN POINT 2 REACTOR RAISED TO 100% FROM 92%: NRC; 03/05/2018 – S&P REVISES ENTERGY LOUISIANA CAPITAL l OUTLOOK TO ‘STABLE’ FROM ‘POSITIVE’; RATING ‘BBB+’; 07/05/2018 – CORRECT: ENTERGY’S ARKANSAS NUCLEAR 1 STILL IN OUTAGE: NRC; 16/05/2018 – ENTERGY RAISES ARKANSAS NUCLEAR 1 TO 1% POWER FROM 0%: NRC; 25/04/2018 – ENTERGY CORP – QTRLY TOTAL CONSOLIDATED OPERATING REVENUE $2.72 BLN VS $2.6 BLN REPORTED LAST YEAR; 18/04/2018 – ENTERGY LOUISIANA REPORTS RATE REDUCTIONS DUE TO TAX REFORM; 25/04/2018 – ENTERGY CORP QUARTERLY CONFERENCE CALL BEGINS

Prime Capital Management Company Ltd increased its stake in Alibaba Group Hldg Ltd (BABA) by 335.83% based on its latest 2018Q1 regulatory filing with the SEC. Prime Capital Management Company Ltd bought 737,848 shares as the company’s stock rose 2.58% while stock markets declined. The hedge fund held 957,557 shares of the business services company at the end of 2018Q1, valued at $175.75 million, up from 219,709 at the end of the previous reported quarter. Prime Capital Management Company Ltd who had been investing in Alibaba Group Hldg Ltd for a number of months, seems to be bullish on the $535.92B market cap company. The stock increased 0.27% or $0.57 during the last trading session, reaching $208.57. About 14.65 million shares traded. Alibaba Group Holding Limited (NYSE:BABA) has risen 61.13% since June 19, 2017 and is uptrending. It has outperformed by 48.56% the S&P500. Some Historical BABA News: 17/04/2018 – Alibaba-Backed Prenetics Acquires UK-Based DNAFit, a Global Leader in Consumer Genetic Testing; 06/04/2018 – SoftBank borrows $8 billion using its Alibaba stake – Bbg; 08/05/2018 – ZTE CORP MAY ALSO HAVE TO STOP SMARTPHONE SALES IN THE U.S. ONCE INVENTORIES RUN OUT – NIKKEI; 12/04/2018 – Warburg Pincus in talks to invest in Ant’s $8 bln funding round; 10/05/2018 – Norinchukin Bank Adds Aptiv, Exits Alibaba, Cuts GE: 13F; 26/03/2018 – IKANG HEALTHCARE GROUP INC – CASH CONSIDERATION OPTION OF $41.20 PER CLASS A SHARE OR CLASS C SHARE OF COMPANY OR US$20.60 PER ADS OF CO; 23/05/2018 – Three lessons for entrepreneurs from Alibaba’s Taobao University; 26/04/2018 – Michael Zeisser has left as Alibaba’s top US dealmaker Zeisser disagreed with Joe Tsai over investment strategy, sources familiar with the situation said; 26/04/2018 – Michael Zeisser has left as Alibaba’s top US dealmaker; 04/05/2018 – Alibaba’s Profit Falls as E-Commerce Giant Ramps Up Investments

More notable recent Alibaba Group Holding Limited (NYSE:BABA) news were published by: Benzinga.com which released: “Morgan Stanley: Alibaba’s Opportunity In China ‘Vastly Greater’ Than Amazon’s US Potential” on June 08, 2018, also Livetradingnews.com with their article: “Alibaba Group Holding Limited (NYSE:BABA) Given News Sentiment Score of 0.35” published on June 18, 2018, Seekingalpha.com published: “Ant Financial raises $14B ahead of IPO” on June 08, 2018. More interesting news about Alibaba Group Holding Limited (NYSE:BABA) were released by: Seekingalpha.com and their article: “Difficult Not To Win With Alibaba” published on June 14, 2018 as well as Finance.Yahoo.com‘s news article titled: “History of Small Search Companies Says Stay Clear of Sogou Inc Stock” with publication date: June 18, 2018.

Among 39 analysts covering Alibaba (NYSE:BABA), 37 have Buy rating, 1 Sell and 1 Hold. Therefore 95% are positive. Alibaba had 183 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Reduce” rating on Thursday, April 20 by Standpoint Research. The stock has “Buy” rating by Raymond James on Friday, February 2. Oppenheimer maintained Alibaba Group Holding Limited (NYSE:BABA) rating on Tuesday, August 22. Oppenheimer has “Buy” rating and $190.0 target. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Bank of America on Monday, May 7. As per Thursday, November 2, the company rating was maintained by Robert W. Baird. Stifel Nicolaus maintained Alibaba Group Holding Limited (NYSE:BABA) on Thursday, June 8 with “Buy” rating. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Overweight” rating by Morgan Stanley on Saturday, August 29. The stock of Alibaba Group Holding Limited (NYSE:BABA) has “Buy” rating given on Friday, August 12 by Citigroup. The rating was maintained by Deutsche Bank with “Buy” on Thursday, September 29. The stock of Alibaba Group Holding Limited (NYSE:BABA) earned “Buy” rating by Goldman Sachs on Tuesday, June 21.

Investors sentiment decreased to 0.96 in Q1 2018. Its down 0.18, from 1.14 in 2017Q4. It turned negative, as 42 investors sold ETR shares while 178 reduced holdings. 62 funds opened positions while 149 raised stakes. 146.60 million shares or 1.33% more from 144.68 million shares in 2017Q4 were reported. Envestnet Asset Management holds 0.01% or 46,119 shares in its portfolio. Moreover, David R Rahn Inc has 0.61% invested in Entergy Corporation (NYSE:ETR) for 7,826 shares. Prelude Capital Limited Com holds 0.06% or 9,961 shares. Smith Moore reported 3,342 shares. Foster And Motley accumulated 38,052 shares. The Massachusetts-based Martingale Asset Mgmt Lp has invested 0.18% in Entergy Corporation (NYSE:ETR). Tcw Gru Incorporated owns 15,705 shares. Comml Bank Of New York Mellon Corporation holds 0.03% or 1.43M shares. Jennison Associate Lc owns 204,919 shares for 0.02% of their portfolio. Ledyard Bancorp owns 1,616 shares. Advantus Management Inc reported 0.04% of its portfolio in Entergy Corporation (NYSE:ETR). Quantbot Ltd Partnership owns 60,336 shares. Toth Fincl Advisory has 0.01% invested in Entergy Corporation (NYSE:ETR) for 651 shares. Swiss Bancshares has invested 0.06% in Entergy Corporation (NYSE:ETR). Neuberger Berman Group Ltd Co reported 193,786 shares.

Reinhart Partners Inc, which manages about $4.85 billion and $970.69M US Long portfolio, decreased its stake in Marcus & Millichap Inc Com (NYSE:MMI) by 29,050 shares to 94,230 shares, valued at $3.40M in 2018Q1, according to the filing. It also reduced its holding in Interpublic Group (NYSE:IPG) by 318,785 shares in the quarter, leaving it with 1.03 million shares, and cut its stake in Ryman Hospitality Ppty Com (NYSE:RHP).

Since March 5, 2018, it had 0 insider purchases, and 4 sales for $1.53 million activity. The insider Mount Alyson M sold $816,086. 7,700 shares valued at $631,400 were sold by May Phillip R Jr on Friday, April 27.

Entergy Corporation (NYSE:ETR) Institutional Positions Chart

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