Park West Asset Management Stake in Scientific Games (SGMS) Has Lowered by $4.34 Million as Stock Value Declined; As Air Prods & Chems (APD) Share Price Declined, Holder Tide Point Capital Management LP Has Trimmed by $1.23 Million Its Stake

April 19, 2018 - By Dolores Ford

Air Products and Chemicals, Inc. (NYSE:APD) Logo

Peter S. Park decreased its stake in Scientific Games Corp (SGMS) by 9.46% based on its latest 2017Q4 regulatory filing with the SEC. Park West Asset Management Llc sold 85,117 shares as the company’s stock declined 14.41% with the market. The hedge fund run by Peter S. Park held 814,883 shares of the edp services company at the end of 2017Q4, valued at $41.80M, down from 900,000 at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Scientific Games Corp for a number of months, seems to be less bullish one the $4.48B market cap company. The stock decreased 0.30% or $0.15 during the last trading session, reaching $49.35. About 576,470 shares traded. Scientific Games Corporation (NASDAQ:SGMS) has risen 96.55% since April 19, 2017 and is uptrending. It has outperformed by 85.00% the S&P500.

Christopher A. Winham decreased its stake in Air Prods & Chems Inc (APD) by 1.69% based on its latest 2017Q4 regulatory filing with the SEC. Tide Point Capital Management Lp sold 7,507 shares as the company’s stock declined 2.93% with the market. The hedge fund run by Christopher A. Winham held 436,030 shares of the basic industries company at the end of 2017Q4, valued at $71.54 million, down from 443,537 at the end of the previous reported quarter. Tide Point Capital Management Lp who had been investing in Air Prods & Chems Inc for a number of months, seems to be less bullish one the $36.32B market cap company. The stock decreased 1.48% or $2.5 during the last trading session, reaching $165.87. About 257,934 shares traded. Air Products and Chemicals, Inc. (NYSE:APD) has risen 16.71% since April 19, 2017 and is uptrending. It has outperformed by 5.16% the S&P500.

Among 10 analysts covering Scientific Games Corp (NASDAQ:SGMS), 5 have Buy rating, 1 Sell and 4 Hold. Therefore 50% are positive. Scientific Games Corp had 25 analyst reports since August 5, 2015 according to SRatingsIntel. Telsey Advisory Group maintained Scientific Games Corporation (NASDAQ:SGMS) on Friday, May 6 with “Market Perform” rating. The firm has “Buy” rating given on Tuesday, August 18 by Sterne Agee CRT. Sterne Agee CRT maintained the shares of SGMS in report on Monday, September 21 with “Buy” rating. Janney Capital maintained Scientific Games Corporation (NASDAQ:SGMS) on Monday, August 24 with “Neutral” rating. The firm earned “Market Perform” rating on Friday, February 26 by Telsey Advisory Group. Goldman Sachs initiated it with “Sell” rating and $7.50 target in Wednesday, August 19 report. The rating was maintained by Deutsche Bank with “Sell” on Wednesday, August 5. The rating was upgraded by Deutsche Bank to “Hold” on Tuesday, September 1. The stock of Scientific Games Corporation (NASDAQ:SGMS) earned “Buy” rating by Bank of America on Friday, March 2. The stock of Scientific Games Corporation (NASDAQ:SGMS) has “Hold” rating given on Monday, July 24 by Deutsche Bank.

Since March 5, 2018, it had 0 insider purchases, and 4 sales for $6.53 million activity. $2.62M worth of stock was sold by Isaacs Michael Gavin on Monday, March 19.

Analysts await Scientific Games Corporation (NASDAQ:SGMS) to report earnings on April, 26. They expect $-0.24 earnings per share, up 73.91% or $0.68 from last year’s $-0.92 per share. After $-0.28 actual earnings per share reported by Scientific Games Corporation for the previous quarter, Wall Street now forecasts -14.29% EPS growth.

Park West Asset Management Llc, which manages about $1.77B and $2.19B US Long portfolio, upped its stake in National Gen Hldgs Corp (NASDAQ:NGHC) by 220,883 shares to 4.61M shares, valued at $90.48M in 2017Q4, according to the filing. It also increased its holding in Weight Watchers Intl Inc New (NYSE:WTW) by 987,934 shares in the quarter, for a total of 1.69M shares, and has risen its stake in Angies List Inc (NASDAQ:ANGI).

Investors sentiment decreased to 1.01 in Q4 2017. Its down 0.36, from 1.37 in 2017Q3. It dived, as 17 investors sold SGMS shares while 67 reduced holdings. 30 funds opened positions while 55 raised stakes. 53.50 million shares or 1.28% more from 52.82 million shares in 2017Q3 were reported. Caxton Associate Lp holds 0.02% in Scientific Games Corporation (NASDAQ:SGMS) or 8,122 shares. Illinois-based Wolverine Asset Management Limited Liability Company has invested 0.04% in Scientific Games Corporation (NASDAQ:SGMS). Profund Advsrs Ltd Liability Co has invested 0.02% in Scientific Games Corporation (NASDAQ:SGMS). Louisiana State Employees Retirement has 0.05% invested in Scientific Games Corporation (NASDAQ:SGMS) for 21,600 shares. Renaissance Technology Lc accumulated 0.17% or 2.97M shares. Pacad has invested 0.06% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Mason Street Lc owns 13,756 shares. Alps Advsrs reported 0% of its portfolio in Scientific Games Corporation (NASDAQ:SGMS). Dimensional Fund Limited Partnership stated it has 0.02% in Scientific Games Corporation (NASDAQ:SGMS). Engineers Gate Manager LP stated it has 0.22% in Scientific Games Corporation (NASDAQ:SGMS). Capital Fund Mgmt, France-based fund reported 138,500 shares. Bogle Investment Mgmt Lp De accumulated 353,746 shares. Aqr Cap Mngmt Limited Com reported 0% in Scientific Games Corporation (NASDAQ:SGMS). Bancshares Of New York Mellon holds 0.01% or 600,970 shares. Eam Invsts Limited Liability, California-based fund reported 61,380 shares.

Among 21 analysts covering Air Products & Chemicals (NYSE:APD), 16 have Buy rating, 0 Sell and 5 Hold. Therefore 76% are positive. Air Products & Chemicals had 60 analyst reports since August 4, 2015 according to SRatingsIntel. The stock of Air Products and Chemicals, Inc. (NYSE:APD) has “Neutral” rating given on Monday, January 30 by Robert W. Baird. The rating was upgraded by JP Morgan on Friday, February 9 to “Outperform”. The company was maintained on Thursday, October 26 by KeyBanc Capital Markets. The rating was upgraded by Susquehanna on Thursday, September 14 to “Positive”. On Friday, July 29 the stock rating was maintained by Citigroup with “Neutral”. The rating was reinitiated by Bank of America with “Neutral” on Friday, January 22. Credit Suisse maintained it with “Outperform” rating and $173 target in Friday, October 27 report. Jefferies upgraded the stock to “Buy” rating in Monday, December 11 report. The firm has “Hold” rating by Jefferies given on Thursday, July 13. Jefferies maintained it with “Buy” rating and $195.0 target in Monday, January 29 report.

Tide Point Capital Management Lp, which manages about $378.20M and $1.47 billion US Long portfolio, upped its stake in Hyatt Hotels Corp (NYSE:H) by 346,622 shares to 531,294 shares, valued at $39.07 million in 2017Q4, according to the filing. It also increased its holding in Southwest Airls Co (NYSE:LUV) by 32,489 shares in the quarter, for a total of 876,645 shares, and has risen its stake in Delta Air Lines Inc Del (NYSE:DAL).

Analysts await Air Products and Chemicals, Inc. (NYSE:APD) to report earnings on April, 26 before the open. They expect $1.68 EPS, up 17.48% or $0.25 from last year’s $1.43 per share. APD’s profit will be $367.81M for 24.68 P/E if the $1.68 EPS becomes a reality. After $1.79 actual EPS reported by Air Products and Chemicals, Inc. for the previous quarter, Wall Street now forecasts -6.15% negative EPS growth.

Investors sentiment decreased to 1.23 in Q4 2017. Its down 0.08, from 1.31 in 2017Q3. It dropped, as 35 investors sold APD shares while 258 reduced holdings. 95 funds opened positions while 266 raised stakes. 186.75 million shares or 0.02% less from 186.79 million shares in 2017Q3 were reported. Sg Americas Ltd Liability Co accumulated 0.05% or 31,526 shares. 1,046 are owned by . Nbt Bankshares N A New York has 12,364 shares for 0.32% of their portfolio. Berkshire Asset Mgmt Llc Pa invested in 0.1% or 5,981 shares. Haverford Finance reported 1.98% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Clark Management Group reported 0.01% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Glg accumulated 9,235 shares or 0.11% of the stock. Moreover, Private Advisor Group Limited Co has 0.03% invested in Air Products and Chemicals, Inc. (NYSE:APD) for 4,905 shares. Sei, a Pennsylvania-based fund reported 141,165 shares. California State Teachers Retirement Systems has 364,143 shares. Eulav Asset Management invested in 0.12% or 15,000 shares. Karp Mgmt Corporation accumulated 0.75% or 10,776 shares. Thrivent For Lutherans has 0% invested in Air Products and Chemicals, Inc. (NYSE:APD). Gradient Limited Liability has invested 0.46% of its portfolio in Air Products and Chemicals, Inc. (NYSE:APD). Country Club Communications Na holds 0.03% or 1,231 shares in its portfolio.

Air Products and Chemicals, Inc. (NYSE:APD) Institutional Positions Chart

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