As Spirit Realty Capital (SRC) Market Value Declined, Monarch Alternative Capital LP Cut by $75.66 Million Its Stake; Prudential Plc Continues to Hold Stake in Aetna (AET)

May 23, 2018 - By Jacob Smith

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Michael Weinstock decreased its stake in Spirit Realty Capital Inc (SRC) by 80.62% based on its latest 2017Q4 regulatory filing with the SEC. Monarch Alternative Capital Lp sold 9.46 million shares as the company’s stock declined 10.89% with the market. The hedge fund run by Michael Weinstock held 2.27M shares of the consumer services company at the end of 2017Q4, valued at $19.51 million, down from 11.73 million at the end of the previous reported quarter. Monarch Alternative Capital Lp who had been investing in Spirit Realty Capital Inc for a number of months, seems to be less bullish one the $3.68 billion market cap company. The stock decreased 0.46% or $0.04 during the last trading session, reaching $8.58. About 9.35M shares traded or 59.87% up from the average. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 23.56% since May 23, 2017 and is downtrending. It has underperformed by 35.11% the S&P500.

Prudential Plc increased its stake in Aetna Inc (AET) by 22.6% based on its latest 2017Q4 regulatory filing with the SEC. Prudential Plc bought 11,894 shares as the company’s stock declined 6.45% with the market. The hedge fund held 64,532 shares of the medical specialities company at the end of 2017Q4, valued at $11.64M, up from 52,638 at the end of the previous reported quarter. Prudential Plc who had been investing in Aetna Inc for a number of months, seems to be bullish on the $57.97B market cap company. The stock decreased 0.29% or $0.51 during the last trading session, reaching $177.21. About 2.35 million shares traded or 9.92% up from the average. Aetna Inc. (NYSE:AET) has risen 33.34% since May 23, 2017 and is uptrending. It has outperformed by 21.79% the S&P500.

Among 24 analysts covering Aetna (NYSE:AET), 12 have Buy rating, 0 Sell and 12 Hold. Therefore 50% are positive. Aetna had 75 analyst reports since July 30, 2015 according to SRatingsIntel. Morgan Stanley initiated the stock with “Overweight” rating in Wednesday, June 7 report. The stock has “Hold” rating by Jefferies on Thursday, August 3. The firm has “Buy” rating given on Monday, October 9 by RBC Capital Markets. The rating was initiated by Bernstein on Thursday, June 16 with “Outperform”. As per Wednesday, September 20, the company rating was maintained by Cowen & Co. The stock has “Buy” rating by Cowen & Co on Friday, May 26. As per Thursday, April 12, the company rating was maintained by Jefferies. The rating was maintained by RBC Capital Markets on Monday, December 4 with “Buy”. The firm earned “Neutral” rating on Monday, May 14 by Credit Suisse. The firm earned “Buy” rating on Monday, January 22 by Deutsche Bank.

Prudential Plc, which manages about $98.23 billion and $32.83 billion US Long portfolio, decreased its stake in Zoetis Inc (NYSE:ZTS) by 13,485 shares to 133,462 shares, valued at $9.62 million in 2017Q4, according to the filing. It also reduced its holding in Lyondellbasell Indus (NYSE:LYB) by 315,129 shares in the quarter, leaving it with 82,273 shares, and cut its stake in General Mills Inc (NYSE:GIS).

More important recent Aetna Inc. (NYSE:AET) news were published by: Streetinsider.com which released: “Aetna (AET) Trump Proposal Unlikely To Impact Managed Care – Cantor Fitzgerald” on May 14, 2018, also Benzinga.com published article titled: “Regeneron Pharmaceuticals: Sequencing Its Way to +30% Upside”, Seekingalpha.com published: “Tracking Dan Loeb’s Third Point Portfolio – Q1 2018 Update” on May 22, 2018. More interesting news about Aetna Inc. (NYSE:AET) was released by: Streetinsider.com and their article: “Aetna (AET) Declares $0.50 Quarterly Dividend; 1.1% Yield” with publication date: May 18, 2018.

Investors sentiment decreased to 0.83 in Q4 2017. Its down 0.08, from 0.91 in 2017Q3. It worsened, as 69 investors sold AET shares while 345 reduced holdings. 147 funds opened positions while 198 raised stakes. 275.71 million shares or 1.91% less from 281.08 million shares in 2017Q3 were reported. Polar Cap Limited Liability Partnership invested in 45,122 shares or 0.08% of the stock. Gotham Asset Management Ltd Co has 46,880 shares for 0.12% of their portfolio. Capital Intll Incorporated Ca holds 950 shares or 0.03% of its portfolio. Decatur Management, Georgia-based fund reported 72,625 shares. Transamerica Advsrs accumulated 13,955 shares. Violich Capital has 3.23% invested in Aetna Inc. (NYSE:AET). Peoples Finance Services Corp reported 0.01% stake. Maine-based Schroder Mngmt Gru has invested 0.01% in Aetna Inc. (NYSE:AET). Hancock Holdg Com has 0.1% invested in Aetna Inc. (NYSE:AET). Eaton Vance invested in 0.49% or 1.12M shares. Bluefin Trading Ltd Llc owns 60,329 shares. David R Rahn And Associates reported 6,442 shares or 1.04% of all its holdings. Maryland-based Wms Partners Ltd Llc has invested 0.02% in Aetna Inc. (NYSE:AET). 223,368 were reported by Lazard Asset Mngmt. Moreover, Tourbillon Cap Ptnrs LP has 1.67% invested in Aetna Inc. (NYSE:AET).

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on August, 2. They expect $0.21 EPS, 0.00% or $0.00 from last year’s $0.21 per share. SRC’s profit will be $90.00 million for 10.21 P/E if the $0.21 EPS becomes a reality. After $0.22 actual EPS reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -4.55% negative EPS growth.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Spirit Realty Capital had 56 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, May 5 by Janney Capital. The firm has “Buy” rating given on Monday, January 22 by SunTrust. The stock has “Buy” rating by Wunderlich on Tuesday, May 10. On Thursday, August 25 the stock rating was initiated by BTIG Research with “Buy”. On Thursday, August 31 the stock rating was upgraded by Mizuho to “Buy”. Mizuho downgraded the stock to “Underperform” rating in Friday, May 5 report. As per Wednesday, September 7, the company rating was upgraded by Morgan Stanley. As per Friday, August 4, the company rating was maintained by RBC Capital Markets. The rating was initiated by JP Morgan with “Overweight” on Friday, December 16. The rating was maintained by Morgan Stanley on Monday, February 5 with “Equal-Weight”.

Since March 6, 2018, it had 2 buys, and 0 selling transactions for $259,899 activity. SENKBEIL THOMAS D also bought $199,899 worth of Spirit Realty Capital, Inc. (NYSE:SRC) on Tuesday, March 6.

Monarch Alternative Capital Lp, which manages about $6.62B and $1.00 billion US Long portfolio, upped its stake in Resolute Energy Corp by 183,700 shares to 2.00M shares, valued at $62.94 million in 2017Q4, according to the filing.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.32, from 1.29 in 2017Q3. It worsened, as 32 investors sold SRC shares while 86 reduced holdings. 41 funds opened positions while 73 raised stakes. 402.93 million shares or 3.51% less from 417.60 million shares in 2017Q3 were reported. 31,026 are owned by Dupont Cap Corp. 32,400 are owned by Spirit Of America New York. Jpmorgan Chase & has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). 593,427 are owned by Strs Ohio. Nomura Inc has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 105,000 shares. Sumitomo Mitsui Asset Company Ltd holds 0.03% in Spirit Realty Capital, Inc. (NYSE:SRC) or 256,487 shares. Cibc Asset Management Inc has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC). 4.17 million were reported by Davidson Kempner Capital Lp. Schroder Investment Management Group reported 56,213 shares stake. Ubs Asset Mngmt Americas Incorporated reported 0.01% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Honeywell has invested 0.03% in Spirit Realty Capital, Inc. (NYSE:SRC). Springowl Associate Ltd Liability Corporation holds 692,650 shares or 3.88% of its portfolio. Cornerstone Capital Management Limited Liability invested 0.08% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). The Massachusetts-based Fmr Ltd Liability has invested 0.04% in Spirit Realty Capital, Inc. (NYSE:SRC). Moreover, V3 Mngmt Limited Partnership has 10.76% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 9.16 million shares.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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