Tegean Capital Management Has Lifted Its Mbia (MBI) Position by $1.75 Million; Speece Thorson Capital Group Lowered Its Werner Enterprises (WERN) Position by $4.27 Million

May 18, 2018 - By Michael Collier

Werner Enterprises, Inc. (NASDAQ:WERN) Logo

Thomas G. Maheras increased its stake in Mbia Inc (MBI) by 62.5% based on its latest 2017Q4 regulatory filing with the SEC. Tegean Capital Management Llc bought 250,000 shares as the company’s stock rose 20.44% while stock markets declined. The hedge fund run by Thomas G. Maheras held 650,000 shares of the finance company at the end of 2017Q4, valued at $4.76M, up from 400,000 at the end of the previous reported quarter. Tegean Capital Management Llc who had been investing in Mbia Inc for a number of months, seems to be bullish on the $783.57M market cap company. The stock decreased 0.12% or $0.01 during the last trading session, reaching $8.66. About 280,856 shares traded. MBIA Inc. (NYSE:MBI) has risen 14.09% since May 18, 2017 and is uptrending. It has outperformed by 2.54% the S&P500.

Speece Thorson Capital Group Inc decreased its stake in Werner Enterprises Inc (WERN) by 25.17% based on its latest 2017Q4 regulatory filing with the SEC. Speece Thorson Capital Group Inc sold 112,476 shares as the company’s stock declined 10.09% with the market. The hedge fund held 334,395 shares of the transportation company at the end of 2017Q4, valued at $12.92M, down from 446,871 at the end of the previous reported quarter. Speece Thorson Capital Group Inc who had been investing in Werner Enterprises Inc for a number of months, seems to be less bullish one the $2.72 billion market cap company. The stock increased 0.67% or $0.25 during the last trading session, reaching $37.6. About 309,153 shares traded. Werner Enterprises, Inc. (NASDAQ:WERN) has risen 39.53% since May 18, 2017 and is uptrending. It has outperformed by 27.98% the S&P500.

Since December 19, 2017, it had 1 buying transaction, and 0 sales for $362,500 activity.

Among 5 analysts covering MBIA Inc (NYSE:MBI), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. MBIA Inc had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by Keefe Bruyette & Woods with “Hold” on Monday, February 5. The firm earned “Market Perform” rating on Monday, April 25 by Wood. The company was maintained on Friday, May 26 by BTIG Research. The rating was downgraded by TheStreet to “Sell” on Friday, August 7. The stock of MBIA Inc. (NYSE:MBI) earned “Buy” rating by M Partners on Thursday, June 16. The stock of MBIA Inc. (NYSE:MBI) has “Buy” rating given on Tuesday, November 3 by M Partners. The firm has “Buy” rating by BTIG Research given on Wednesday, November 8. On Wednesday, July 12 the stock rating was maintained by BTIG Research with “Buy”.

Investors sentiment decreased to 0.69 in Q4 2017. Its down 0.34, from 1.03 in 2017Q3. It fall, as 39 investors sold MBI shares while 57 reduced holdings. 31 funds opened positions while 35 raised stakes. 99.70 million shares or 9.54% less from 110.22 million shares in 2017Q3 were reported. Zweig invested in 0.04% or 50,000 shares. Hsbc Public Limited Liability stated it has 10,705 shares. Voya Investment Mgmt Ltd Co has invested 0% of its portfolio in MBIA Inc. (NYSE:MBI). Pnc Svcs Grp Inc holds 0% in MBIA Inc. (NYSE:MBI) or 3,296 shares. Discovery Management Ltd Liability Company Ct has invested 0.72% in MBIA Inc. (NYSE:MBI). Fmr Limited Liability Company reported 0% of its portfolio in MBIA Inc. (NYSE:MBI). Oz Management Ltd Partnership reported 319,000 shares. Virtu Finance Limited Liability Corp has 46,014 shares for 0.02% of their portfolio. Freestone Capital Limited Liability Company holds 0.02% or 44,870 shares. Goldman Sachs Grp Inc Inc stated it has 0% in MBIA Inc. (NYSE:MBI). Palisade Cap Lc Nj holds 18,000 shares or 0% of its portfolio. Paloma Prtnrs Mngmt has 86,312 shares. First Republic Invest Mgmt Incorporated invested in 0% or 13,124 shares. North Star Asset Management Inc holds 0.07% of its portfolio in MBIA Inc. (NYSE:MBI) for 103,521 shares. California State Teachers Retirement Systems has 140,173 shares for 0% of their portfolio.

Speece Thorson Capital Group Inc, which manages about $408.00M and $503.32 million US Long portfolio, upped its stake in Miller Herman Inc (NASDAQ:MLHR) by 19,218 shares to 466,034 shares, valued at $18.67M in 2017Q4, according to the filing. It also increased its holding in O Reilly Automotive Inc (NASDAQ:ORLY) by 23,473 shares in the quarter, for a total of 46,973 shares, and has risen its stake in Commerce Bancshares Inc (NASDAQ:CBSH).

More important recent Werner Enterprises, Inc. (NASDAQ:WERN) news were published by: Globenewswire.com which released: “Werner Recognized at Guard and Reserve Event” on May 01, 2018, also Globenewswire.com published article titled: “Werner Enterprises to Participate in Three Investment Conferences”, Globenewswire.com published: “Werner Enterprises Increases Quarterly Dividend” on May 09, 2018. More interesting news about Werner Enterprises, Inc. (NASDAQ:WERN) was released by: Globenewswire.com and their article: “Werner Enterprises Reports Improved First Quarter 2018 Revenues and Earnings” with publication date: April 19, 2018.

Analysts await Werner Enterprises, Inc. (NASDAQ:WERN) to report earnings on July, 23. They expect $0.50 EPS, up 56.25% or $0.18 from last year’s $0.32 per share. WERN’s profit will be $36.16 million for 18.80 P/E if the $0.50 EPS becomes a reality. After $0.38 actual EPS reported by Werner Enterprises, Inc. for the previous quarter, Wall Street now forecasts 31.58% EPS growth.

Since April 24, 2018, it had 1 buy, and 0 insider sales for $253,330 activity.

Among 20 analysts covering Werner Enterprises Inc (NASDAQ:WERN), 7 have Buy rating, 2 Sell and 11 Hold. Therefore 35% are positive. Werner Enterprises Inc had 69 analyst reports since July 21, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equal-Weight” rating and $32 target in Monday, October 2 report. Stephens maintained the stock with “Buy” rating in Monday, January 8 report. Robert W. Baird maintained the stock with “Neutral” rating in Tuesday, January 30 report. The firm earned “Hold” rating on Friday, November 10 by Robert W. Baird. The rating was maintained by Robert W. Baird with “Hold” on Thursday, September 14. The firm has “Neutral” rating given on Thursday, October 12 by JP Morgan. Stephens upgraded Werner Enterprises, Inc. (NASDAQ:WERN) rating on Monday, August 14. Stephens has “Buy” rating and $3600 target. The company was downgraded on Monday, November 14 by Deutsche Bank. The rating was upgraded by UBS on Friday, January 5 to “Buy”. As per Friday, February 10, the company rating was upgraded by Stifel Nicolaus.

Werner Enterprises, Inc. (NASDAQ:WERN) Institutional Positions Chart

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