Greenwich Investment Management Has Lowered Its Holding in Ngl Energy Partners LP (NGL) by $628,026; As Ebay (EBAY) Market Value Rose, Kensico Capital Management Boosted by $703,000 Its Position

May 16, 2018 - By Adrian Erickson

eBay Inc. (NASDAQ:EBAY) Logo

Greenwich Investment Management Inc decreased its stake in Ngl Energy Partners Lp (NGL) by 38.74% based on its latest 2017Q4 regulatory filing with the SEC. Greenwich Investment Management Inc sold 44,859 shares as the company’s stock declined 27.18% with the market. The institutional investor held 70,946 shares of the oil refining and marketing company at the end of 2017Q4, valued at $996,000, down from 115,805 at the end of the previous reported quarter. Greenwich Investment Management Inc who had been investing in Ngl Energy Partners Lp for a number of months, seems to be less bullish one the $1.37B market cap company. The stock increased 3.20% or $0.35 during the last trading session, reaching $11.3. About 473,354 shares traded. NGL Energy Partners LP (NYSE:NGL) has declined 50.71% since May 16, 2017 and is downtrending. It has underperformed by 62.26% the S&P500.

Michael Lowenstein increased its stake in Ebay Inc (EBAY) by 0.46% based on its latest 2017Q4 regulatory filing with the SEC. Kensico Capital Management Corp bought 19,000 shares as the company’s stock rose 6.51% while stock markets declined. The hedge fund run by Michael Lowenstein held 4.15M shares of the business services company at the end of 2017Q4, valued at $156.58 million, up from 4.13 million at the end of the previous reported quarter. Kensico Capital Management Corp who had been investing in Ebay Inc for a number of months, seems to be bullish on the $37.85 billion market cap company. The stock decreased 0.81% or $0.31 during the last trading session, reaching $38.08. About 5.78M shares traded. eBay Inc. (NASDAQ:EBAY) has risen 20.31% since May 16, 2017 and is uptrending. It has outperformed by 8.76% the S&P500.

Investors sentiment increased to 0.92 in 2017 Q4. Its up 0.19, from 0.73 in 2017Q3. It increased, as 56 investors sold EBAY shares while 266 reduced holdings. 81 funds opened positions while 215 raised stakes. 870.62 million shares or 0.92% less from 878.69 million shares in 2017Q3 were reported. Blackrock Inc holds 0.11% in eBay Inc. (NASDAQ:EBAY) or 61.66M shares. Numeric Limited Liability reported 0.07% stake. Zevin Asset Mgmt Ltd Liability Co reported 1.98% stake. Tower Ltd Company (Trc) reported 17,475 shares stake. 20,909 were accumulated by King Luther. Citigroup Inc reported 1.17 million shares. Envestnet Asset Incorporated invested in 210,528 shares. Cwm Limited Liability reported 0.15% of its portfolio in eBay Inc. (NASDAQ:EBAY). Moreover, Teachers Retirement System Of The State Of Kentucky has 0.12% invested in eBay Inc. (NASDAQ:EBAY). Profund Advsrs Lc owns 241,201 shares for 0.35% of their portfolio. 783,086 were reported by Great West Life Assurance Can. Zacks Investment Mngmt has 314,793 shares for 0.26% of their portfolio. Drw Secs Ltd Co holds 0.05% in eBay Inc. (NASDAQ:EBAY) or 13,608 shares. Nomura Holdings holds 0.05% of its portfolio in eBay Inc. (NASDAQ:EBAY) for 782,246 shares. Peddock Advsr Limited Liability Com reported 22,183 shares or 0.42% of all its holdings.

More notable recent eBay Inc. (NASDAQ:EBAY) news were published by: Nasdaq.com which released: “Why Is eBay Inc Stock Jumping Today” on April 18, 2018, also Seekingalpha.com with their article: “Light guidance dings eBay” published on April 25, 2018, Fool.com published: “Why eBay Stock Popped 5% — Then Gave Most of It Back” on April 18, 2018. More interesting news about eBay Inc. (NASDAQ:EBAY) were released by: Investorplace.com and their article: “Trade of the Day: eBay Inc Stock Is a Short” published on April 30, 2018 as well as Fool.com‘s news article titled: “eBay Is About to Receive $1.1 Billion From Walmart. Now What?” with publication date: May 15, 2018.

Among 46 analysts covering eBay Inc (NASDAQ:EBAY), 29 have Buy rating, 2 Sell and 15 Hold. Therefore 63% are positive. eBay Inc had 175 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, January 2 by Canaccord Genuity. The company was maintained on Thursday, December 21 by Robert W. Baird. On Monday, October 16 the stock rating was maintained by BMO Capital Markets with “Hold”. Piper Jaffray maintained the stock with “Hold” rating in Wednesday, October 11 report. The stock has “Sector Perform” rating by RBC Capital Markets on Thursday, January 28. Aegis Capital maintained the stock with “Buy” rating in Thursday, February 1 report. On Wednesday, October 11 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The rating was upgraded by SunTrust on Friday, January 12 to “Buy”. On Wednesday, October 18 the stock rating was maintained by BMO Capital Markets with “Market Perform”. FBN Securities initiated it with “Sector Perform” rating and $30 target in Thursday, July 23 report.

Since February 5, 2018, it had 0 insider purchases, and 7 insider sales for $12.57 million activity. Jones Wendy Elizabeth also sold $422,019 worth of eBay Inc. (NASDAQ:EBAY) shares. SWAN ROBERT HOLMES also sold $1.76M worth of eBay Inc. (NASDAQ:EBAY) on Friday, April 20. FISHER STEPHEN sold $464,939 worth of eBay Inc. (NASDAQ:EBAY) on Wednesday, May 2. 131,332 shares were sold by Schenkel Scott F., worth $5.68 million. On Friday, February 23 the insider PITTMAN RAYMOND J sold $2.62M.

Kensico Capital Management Corp, which manages about $7.43 billion and $5.02B US Long portfolio, decreased its stake in Microsoft Corp (NASDAQ:MSFT) by 1.73 million shares to 5.22M shares, valued at $446.52M in 2017Q4, according to the filing. It also reduced its holding in Liberty Media Corp Delaware by 16,300 shares in the quarter, leaving it with 2.30M shares, and cut its stake in Aramark (NYSE:ARMK).

Since March 16, 2018, it had 1 insider buy, and 0 insider sales for $336,747 activity.

Analysts await NGL Energy Partners LP (NYSE:NGL) to report earnings on May, 24. They expect $0.45 EPS, up 221.43% or $0.31 from last year’s $0.14 per share. NGL’s profit will be $54.48 million for 6.28 P/E if the $0.45 EPS becomes a reality. After $0.32 actual EPS reported by NGL Energy Partners LP for the previous quarter, Wall Street now forecasts 40.63% EPS growth.

Greenwich Investment Management Inc, which manages about $387.59 million and $69.76M US Long portfolio, upped its stake in Triangle Cap Corp (NYSE:TCAP) by 145,116 shares to 271,484 shares, valued at $2.58 million in 2017Q4, according to the filing.

Another recent and important NGL Energy Partners LP (NYSE:NGL) news was published by Globenewswire.com which published an article titled: “Investor Expectations to Drive Momentum within Masco, Murphy Oil, NGL Energy Partners LP, PBF Energy, PDL …” on May 08, 2018.

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.24, from 1 in 2017Q3. It turned negative, as 12 investors sold NGL shares while 39 reduced holdings. 21 funds opened positions while 18 raised stakes. 74.82 million shares or 0.54% more from 74.43 million shares in 2017Q3 were reported. Raymond James Advsrs Incorporated, a Florida-based fund reported 117,175 shares. Tower Rech Cap Ltd Co (Trc) holds 685 shares or 0% of its portfolio. The New York-based Oppenheimer Company Incorporated has invested 0% in NGL Energy Partners LP (NYSE:NGL). 87,437 are owned by Neuberger Berman Group Limited Liability. Guggenheim Cap Limited Com reported 30,439 shares. Northern Trust Corp holds 0% or 42,931 shares. Prescott Group Incorporated Cap Management Ltd Com reported 96,235 shares stake. 21,556 were reported by Asset Mngmt Inc. Moreover, Atlantic Trust Group Lc has 0.11% invested in NGL Energy Partners LP (NYSE:NGL) for 1.79 million shares. Moreover, Davenport & Ltd Limited Liability Company has 0% invested in NGL Energy Partners LP (NYSE:NGL). Bb&T Lc holds 0% or 25,910 shares. Tph Asset Ltd Liability owns 1.65% invested in NGL Energy Partners LP (NYSE:NGL) for 1.19M shares. Security National Bank & Trust Of Sioux City Iowa Ia, a Iowa-based fund reported 12,200 shares. Texas Yale Cap Corporation holds 0.01% in NGL Energy Partners LP (NYSE:NGL) or 10,775 shares. Bnp Paribas Arbitrage Sa reported 14,120 shares or 0% of all its holdings.

Among 11 analysts covering NGL ENERGY PARTNERS LP (NYSE:NGL), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. NGL ENERGY PARTNERS LP had 49 analyst reports since August 11, 2015 according to SRatingsIntel. The firm has “Equal Weight” rating given on Wednesday, November 11 by Barclays Capital. The stock of NGL Energy Partners LP (NYSE:NGL) has “Sell” rating given on Friday, March 11 by Goldman Sachs. FBR Capital maintained it with “Mkt Perform” rating and $19 target in Thursday, June 8 report. RBC Capital Markets maintained the shares of NGL in report on Friday, August 4 with “Buy” rating. FBR Capital maintained the stock with “Hold” rating in Monday, May 29 report. UBS maintained the stock with “Buy” rating in Friday, March 2 report. On Tuesday, August 11 the stock rating was maintained by Barclays Capital with “Equal Weight”. The stock of NGL Energy Partners LP (NYSE:NGL) earned “Buy” rating by Wunderlich on Wednesday, November 11. The firm has “Buy” rating given on Tuesday, December 6 by Bank of America. Bank of America downgraded the stock to “Underperform” rating in Thursday, December 10 report.

NGL Energy Partners LP (NYSE:NGL) Institutional Positions Chart

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