As Consol Energy (CNX) Market Valuation Declined, Raffles Associates LP Lifted Holding; Massachusetts Financial Services Company Lifted Altria Group (MO) Holding by $23.10 Million; Stock Value Declined

January 14, 2018 - By Nellie Frank

Raffles Associates Lp increased its stake in Consol Energy Inc (CNX) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Raffles Associates Lp bought 45,000 shares as the company’s stock declined 5.08% while stock markets rallied. The hedge fund held 315,000 shares of the coal mining company at the end of 2017Q3, valued at $5.34M, up from 270,000 at the end of the previous reported quarter. Raffles Associates Lp who had been investing in Consol Energy Inc for a number of months, seems to be bullish on the $3.41 billion market cap company. The stock increased 1.00% or $0.15 during the last trading session, reaching $15.19. About 2.12M shares traded. CNX Resources Corporation (NYSE:CNX) has risen 22.10% since January 14, 2017 and is uptrending. It has outperformed by 5.40% the S&P500.

Massachusetts Financial Services Company increased its stake in Altria Group Inc (MO) by 4.19% based on its latest 2017Q3 regulatory filing with the SEC. Massachusetts Financial Services Company bought 366,669 shares as the company’s stock declined 2.84% while stock markets rallied. The institutional investor held 9.12M shares of the farming and seeds and milling company at the end of 2017Q3, valued at $578.52M, up from 8.76M at the end of the previous reported quarter. Massachusetts Financial Services Company who had been investing in Altria Group Inc for a number of months, seems to be bullish on the $132.83B market cap company. The stock decreased 0.97% or $0.68 during the last trading session, reaching $69.61. About 7.41 million shares traded or 9.59% up from the average. Altria Group, Inc. (NYSE:MO) has risen 11.92% since January 14, 2017 and is uptrending. It has underperformed by 4.78% the S&P500.

Among 17 analysts covering Consol Energy Inc. (NYSE:CNX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Consol Energy Inc. had 54 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, July 27, the company rating was maintained by Jefferies. The rating was reinitiated by Suntrust Robinson on Friday, December 8 with “Buy”. On Friday, January 22 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. Jefferies maintained CNX Resources Corporation (NYSE:CNX) on Friday, August 14 with “Buy” rating. As per Friday, February 26, the company rating was reinitiated by FBR Capital. The rating was maintained by FBR Capital on Thursday, October 13 with “Outperform”. Barclays Capital maintained the stock with “Hold” rating in Thursday, May 25 report. The firm has “Accumulate” rating by KLR Group given on Monday, July 18. On Tuesday, October 17 the stock rating was maintained by SunTrust with “Hold”. The company was maintained on Monday, October 5 by Barclays Capital.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.45, from 0.95 in 2017Q2. It improved, as 32 investors sold CNX shares while 59 reduced holdings. 35 funds opened positions while 92 raised stakes. 211.81 million shares or 4.96% less from 222.88 million shares in 2017Q2 were reported. Parkside Natl Bank Trust reported 45 shares. Plante Moran Fincl Advsrs Limited Liability Corp invested in 259 shares or 0% of the stock. Innovations Ltd Liability Com holds 0.45% or 10,900 shares. California-based Rbf Capital Lc has invested 0.16% in CNX Resources Corporation (NYSE:CNX). 51,728 were reported by Regions Fin. Wesbanco Natl Bank Incorporated owns 34,156 shares. Commerzbank Aktiengesellschaft Fi invested in 33,642 shares or 0.01% of the stock. Numeric Invsts Lc, a Massachusetts-based fund reported 92,700 shares. Swiss National Bank holds 0.01% in CNX Resources Corporation (NYSE:CNX) or 307,058 shares. 15,715 are owned by Clinton Grp Inc. Natl Bank Of Ny Mellon stated it has 0.01% in CNX Resources Corporation (NYSE:CNX). Qci Asset Management has 0% invested in CNX Resources Corporation (NYSE:CNX) for 64 shares. Clearbridge Ltd Liability reported 2.57M shares or 0.94% of all its holdings. Fmr Ltd invested in 0% or 51,741 shares. Pnc Fin Services Grp invested in 0% or 16,118 shares.

Massachusetts Financial Services Company, which manages about $230.32 billion US Long portfolio, decreased its stake in Jones Lang Lasalle Inc (NYSE:JLL) by 156,288 shares to 414,441 shares, valued at $51.18 million in 2017Q3, according to the filing. It also reduced its holding in Thermo Fisher Scientific Inc (NYSE:TMO) by 1.49 million shares in the quarter, leaving it with 25.89 million shares, and cut its stake in Dollar Tree Inc (NASDAQ:DLTR).

Investors sentiment decreased to 0.89 in Q3 2017. Its down 0.02, from 0.91 in 2017Q2. It dropped, as 91 investors sold MO shares while 516 reduced holdings. 118 funds opened positions while 420 raised stakes. 1.17 billion shares or 0.77% more from 1.16 billion shares in 2017Q2 were reported. Moreover, Perella Weinberg Partners Capital Management LP has 0.22% invested in Altria Group, Inc. (NYSE:MO). Bremer Trust Association owns 53,834 shares. Ledyard Bankshares reported 0.11% in Altria Group, Inc. (NYSE:MO). Hl Fin Svcs Ltd reported 0.3% of its portfolio in Altria Group, Inc. (NYSE:MO). Regions Fincl invested 0.75% of its portfolio in Altria Group, Inc. (NYSE:MO). Staley Cap Advisers Incorporated invested 0.07% of its portfolio in Altria Group, Inc. (NYSE:MO). Comml Bank Of America Corporation De holds 0.52% of its portfolio in Altria Group, Inc. (NYSE:MO) for 51.91 million shares. Thrivent For Lutherans invested in 816,213 shares or 0.18% of the stock. First Corporation In has invested 0.68% of its portfolio in Altria Group, Inc. (NYSE:MO). Convergence Inv Prtn Ltd Liability Com has 56,634 shares. Waters Parkerson Ltd Limited Liability Company owns 106,607 shares or 0.6% of their US portfolio. Tiaa Cref Investment Ltd Co has 0.26% invested in Altria Group, Inc. (NYSE:MO) for 5.90M shares. Norinchukin Bankshares The accumulated 243,480 shares. First Advisors Lp, a Illinois-based fund reported 1.49 million shares. Eastern Savings Bank reported 0.03% stake.

Since August 10, 2017, it had 0 buys, and 2 sales for $2.95 million activity. $994,909 worth of stock was sold by Barrington Martin J. on Thursday, August 10.

Among 19 analysts covering Altria Group Inc. (NYSE:MO), 14 have Buy rating, 0 Sell and 5 Hold. Therefore 74% are positive. Altria Group Inc. had 55 analyst reports since July 31, 2015 according to SRatingsIntel. The rating was initiated by Citigroup with “Buy” on Tuesday, September 13. The rating was upgraded by Berenberg to “Buy” on Tuesday, December 19. The firm has “Neutral” rating by Bank of America given on Thursday, March 24. As per Thursday, October 26, the company rating was maintained by Cowen & Co. Piper Jaffray maintained the shares of MO in report on Thursday, October 26 with “Buy” rating. The stock of Altria Group, Inc. (NYSE:MO) has “Buy” rating given on Friday, August 11 by Wells Fargo. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, July 17. The stock has “Hold” rating by Jefferies on Monday, June 5. On Tuesday, November 29 the stock rating was reinitiated by Morgan Stanley with “Equal-Weight”. The rating was upgraded by Edward Jones on Wednesday, November 1 to “Buy”.

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