As Spirit Rlty Cap New (SRC) Market Value Declined, Hg Vora Capital Management Has Cut Stake by $138.40 Million; Disney Walt Co (DIS) Share Value Declined While Old National Bancorp Has Trimmed Position by $637,294

February 15, 2018 - By Vivian Park

Parag Vora decreased its stake in Spirit Rlty Cap Inc New (SRC) by 69.2% based on its latest 2017Q3 regulatory filing with the SEC. Hg Vora Capital Management Llc sold 17.30M shares as the company’s stock declined 32.65% while stock markets rallied. The hedge fund run by Parag Vora held 7.70 million shares of the consumer services company at the end of 2017Q3, valued at $65.99 million, down from 25.00 million at the end of the previous reported quarter. Hg Vora Capital Management Llc who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be less bullish one the $3.50B market cap company. The stock increased 0.66% or $0.05 during the last trading session, reaching $7.67. About 1.53M shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 36.20% since February 15, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Old National Bancorp decreased its stake in Disney Walt Co (DIS) by 29.49% based on its latest 2017Q3 regulatory filing with the SEC. Old National Bancorp sold 6,503 shares as the company’s stock declined 2.31% while stock markets rallied. The institutional investor held 15,547 shares of the television services company at the end of 2017Q3, valued at $1.53 million, down from 22,050 at the end of the previous reported quarter. Old National Bancorp who had been investing in Disney Walt Co for a number of months, seems to be less bullish one the $157.06 billion market cap company. The stock decreased 0.14% or $0.15 during the last trading session, reaching $104.45. About 2.11 million shares traded. The Walt Disney Company (NYSE:DIS) has risen 9.26% since February 15, 2017 and is uptrending. It has underperformed by 7.44% the S&P500.

Old National Bancorp, which manages about $1.84B US Long portfolio, upped its stake in Select Sector Spdr Tr (XLK) by 62,638 shares to 868,588 shares, valued at $51.33M in 2017Q3, according to the filing. It also increased its holding in Select Sector Spdr Tr (XLP) by 15,778 shares in the quarter, for a total of 452,950 shares, and has risen its stake in Ishares Tr (IVV).

Investors sentiment decreased to 0.89 in 2017 Q3. Its down 0.20, from 1.09 in 2017Q2. It is negative, as 90 investors sold DIS shares while 649 reduced holdings. 95 funds opened positions while 563 raised stakes. 898.84 million shares or 2.35% less from 920.44 million shares in 2017Q2 were reported. Nationwide Fund Advisors owns 952,662 shares or 0.37% of their US portfolio. 58,692 are owned by Folger Nolan Fleming Douglas Capital Mgmt. Roberts Glore & Co Il reported 0.4% of its portfolio in The Walt Disney Company (NYSE:DIS). Sns Fincl Grp Lc reported 0.1% of its portfolio in The Walt Disney Company (NYSE:DIS). Legal & General Group Public Ltd Com reported 8.19 million shares. Chartist Ca invested in 2,661 shares or 0.12% of the stock. Abner Herrman & Brock Limited Co reported 0.13% in The Walt Disney Company (NYSE:DIS). Leavell Inv Mgmt invested 0.78% of its portfolio in The Walt Disney Company (NYSE:DIS). Atalanta Sosnoff Capital Ltd Co reported 0.1% stake. Forward Mgmt reported 0.07% in The Walt Disney Company (NYSE:DIS). 25,276 were accumulated by San Francisco Sentry Investment Group Inc (Ca). Fifth Third Bank, Ohio-based fund reported 808,122 shares. Franklin Res has invested 0.64% in The Walt Disney Company (NYSE:DIS). Massachusetts Fincl Svcs Company Ma invested 0.76% of its portfolio in The Walt Disney Company (NYSE:DIS). Srb holds 1,743 shares or 0.02% of its portfolio.

Among 39 analysts covering The Walt Disney Company (NYSE:DIS), 23 have Buy rating, 3 Sell and 13 Hold. Therefore 59% are positive. The Walt Disney Company had 152 analyst reports since July 24, 2015 according to SRatingsIntel. As per Wednesday, August 5, the company rating was downgraded by BMO Capital Markets. UBS maintained The Walt Disney Company (NYSE:DIS) on Monday, December 18 with “Buy” rating. On Monday, October 9 the stock rating was upgraded by RBC Capital Markets to “Top Pick”. On Friday, August 11 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was maintained by Bernstein on Friday, April 7 with “Market Perform”. Topeka Capital Markets maintained The Walt Disney Company (NYSE:DIS) on Thursday, November 19 with “Buy” rating. CLSA maintained the shares of DIS in report on Friday, September 23 with “Outperform” rating. The firm earned “Buy” rating on Tuesday, August 25 by Hilliard Lyons. The stock of The Walt Disney Company (NYSE:DIS) earned “Hold” rating by Deutsche Bank on Monday, August 10. The rating was upgraded by Vetr on Thursday, August 6 to “Buy”.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Spirit Realty Capital had 51 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Robert W. Baird on Friday, August 21. Robert W. Baird downgraded the shares of SRC in report on Thursday, January 7 to “Neutral” rating. As per Monday, September 26, the company rating was initiated by UBS. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Neutral” rating by UBS on Friday, May 5. Mizuho initiated the shares of SRC in report on Friday, October 14 with “Buy” rating. The firm has “Equal Weight” rating given on Thursday, July 23 by Morgan Stanley. The rating was upgraded by UBS on Wednesday, April 27 to “Buy”. Wunderlich initiated Spirit Realty Capital, Inc. (NYSE:SRC) on Tuesday, October 27 with “Buy” rating. JP Morgan downgraded the shares of SRC in report on Friday, May 5 to “Neutral” rating. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Buy” rating given on Friday, October 20 by Mizuho.

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.31, from 0.98 in 2017Q2. It increased, as 29 investors sold SRC shares while 73 reduced holdings. 45 funds opened positions while 87 raised stakes. 417.60 million shares or 1.85% less from 425.47 million shares in 2017Q2 were reported. Vident Advisory Limited Liability Corp stated it has 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Grp Inc One Trading Limited Partnership reported 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Massachusetts-based New England Inv & Retirement Group has invested 0.05% in Spirit Realty Capital, Inc. (NYSE:SRC). 1.02 million were reported by Asset Mgmt One Limited. 25,000 were reported by First Manhattan Com. Pnc Fin reported 0% stake. State Board Of Administration Of Florida Retirement Sys holds 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC) or 591,951 shares. Raymond James Financial Advisors reported 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Putnam Invests Ltd Liability Company reported 0.02% stake. Serengeti Asset Ltd Partnership reported 700,000 shares or 1.03% of all its holdings. Summit Group Limited Liability Co owns 11,100 shares. State Of New Jersey Common Pension Fund D holds 300,000 shares. Stratos Wealth reported 20,933 shares. 7.38 million were reported by Gruss Capital Limited Partnership. Moreover, Bokf Na has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC).

Analysts await Spirit Realty Capital, Inc. (NYSE:SRC) to report earnings on February, 28. They expect $0.22 earnings per share, up 4.76% or $0.01 from last year’s $0.21 per share. SRC’s profit will be $100.31 million for 8.72 P/E if the $0.22 EPS becomes a reality. After $0.23 actual earnings per share reported by Spirit Realty Capital, Inc. for the previous quarter, Wall Street now forecasts -4.35% negative EPS growth.

Hg Vora Capital Management Llc, which manages about $2.19 billion and $740.50 million US Long portfolio, upped its stake in Sinclair Broadcast Group Inc (NASDAQ:SBGI) by 2.25M shares to 7.00 million shares, valued at $224.35M in 2017Q3, according to the filing.

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