Adage Capital Partners Gp Has Lifted Now (DNOW) Stake by $2.60 Million as Valuation Declined; As Vail Resorts (MTN) Market Value Rose, White Elm Capital Has Boosted Position

January 13, 2018 - By Marie Mckinney

Phill Gross increased its stake in Now Inc (DNOW) by 46.06% based on its latest 2017Q3 regulatory filing with the SEC. Adage Capital Partners Gp Llc bought 200,000 shares as the company’s stock declined 12.97% while stock markets rallied. The hedge fund run by Phill Gross held 634,198 shares of the metal fabrications company at the end of 2017Q3, valued at $8.76 million, up from 434,198 at the end of the previous reported quarter. Adage Capital Partners Gp Llc who had been investing in Now Inc for a number of months, seems to be bullish on the $1.39 billion market cap company. The stock increased 4.21% or $0.52 during the last trading session, reaching $12.88. About 1.48M shares traded or 5.22% up from the average. NOW Inc. (NYSE:DNOW) has risen 9.86% since January 13, 2017 and is uptrending. It has underperformed by 6.84% the S&P500.

Matthew Iorio increased its stake in Vail Resorts Inc (MTN) by 25.49% based on its latest 2017Q3 regulatory filing with the SEC. White Elm Capital Llc bought 14,300 shares as the company’s stock rose 12.22% with the market. The hedge fund run by Matthew Iorio held 70,392 shares of the consumer services company at the end of 2017Q3, valued at $16.06M, up from 56,092 at the end of the previous reported quarter. White Elm Capital Llc who had been investing in Vail Resorts Inc for a number of months, seems to be bullish on the $9.00 billion market cap company. The stock increased 1.54% or $3.37 during the last trading session, reaching $222.31. About 1.44 million shares traded or 222.11% up from the average. Vail Resorts, Inc. (NYSE:MTN) has risen 61.08% since January 13, 2017 and is uptrending. It has outperformed by 44.38% the S&P500.

Since October 4, 2017, it had 0 insider purchases, and 4 insider sales for $29.73 million activity. Barkin Michael Z sold 7,953 shares worth $1.72 million. $1.43M worth of Vail Resorts, Inc. (NYSE:MTN) was sold by SORTE JOHN F. $25.35M worth of Vail Resorts, Inc. (NYSE:MTN) was sold by KATZ ROBERT A.

Among 15 analysts covering Vail Resorts Inc. (NYSE:MTN), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Vail Resorts Inc. had 35 analyst reports since July 27, 2015 according to SRatingsIntel. Macquarie Research initiated Vail Resorts, Inc. (NYSE:MTN) rating on Monday, July 27. Macquarie Research has “Outperform” rating and $125 target. The stock of Vail Resorts, Inc. (NYSE:MTN) has “Buy” rating given on Friday, November 10 by Bank of America. The firm earned “Buy” rating on Tuesday, December 8 by Goldman Sachs. The stock has “Buy” rating by Bank of America on Friday, June 9. The stock of Vail Resorts, Inc. (NYSE:MTN) earned “Outperform” rating by JMP Securities on Friday, October 2. Stifel Nicolaus maintained the shares of MTN in report on Thursday, September 28 with “Hold” rating. On Friday, September 29 the stock rating was maintained by Janney Capital with “Buy”. The firm has “Outperform” rating by Macquarie Research given on Friday, March 11. The rating was maintained by Barclays Capital on Friday, March 11 with “Overweight”. The rating was maintained by Stephens on Tuesday, September 29 with “Outperform”.

White Elm Capital Llc, which manages about $1.86B and $505.34M US Long portfolio, decreased its stake in Carter Inc (NYSE:CRI) by 34,900 shares to 140,299 shares, valued at $13.86 million in 2017Q3, according to the filing. It also reduced its holding in Paypal Hldgs Inc by 66,000 shares in the quarter, leaving it with 242,500 shares, and cut its stake in Fleetcor Technologies Inc (NYSE:FLT).

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.07, from 1.01 in 2017Q2. It increased, as 28 investors sold MTN shares while 103 reduced holdings. 45 funds opened positions while 97 raised stakes. 35.01 million shares or 2.56% less from 35.93 million shares in 2017Q2 were reported. Massachusetts-based Rhumbline Advisers has invested 0.02% in Vail Resorts, Inc. (NYSE:MTN). Thrivent Financial For Lutherans reported 43,371 shares stake. Vident Invest Advisory Ltd Liability Corporation owns 4,941 shares or 0.06% of their US portfolio. Yorktown Management & Rech Communications accumulated 1,200 shares. California Pub Employees Retirement invested in 100,638 shares. 1,739 are held by Nomura. Oregon Pub Employees Retirement Fund accumulated 8,230 shares or 0.03% of the stock. Two Sigma Securities Llc accumulated 942 shares or 0.02% of the stock. Morgan Stanley stated it has 152,242 shares or 0.01% of all its holdings. Dynamic Management owns 0.12% invested in Vail Resorts, Inc. (NYSE:MTN) for 1,769 shares. Stifel Financial Corporation, Missouri-based fund reported 19,154 shares. M&T Bancorp reported 4,160 shares. Assetmark Inc reported 76 shares. Old Mutual Customised Solutions (Proprietary) Limited has 0.02% invested in Vail Resorts, Inc. (NYSE:MTN) for 800 shares. Vanguard Grp Inc reported 3.17M shares or 0.03% of all its holdings.

Adage Capital Partners Gp Llc, which manages about $41.15 billion US Long portfolio, decreased its stake in Nisource Inc (NYSE:NI) by 1.50M shares to 2.45 million shares, valued at $62.73M in 2017Q3, according to the filing. It also reduced its holding in Magna Intl Inc (NYSE:MGA) by 1.30 million shares in the quarter, leaving it with 600,598 shares, and cut its stake in Barrick Gold Corp (NYSE:ABX).

Investors sentiment increased to 1.22 in 2017 Q3. Its up 0.09, from 1.13 in 2017Q2. It is positive, as 35 investors sold DNOW shares while 62 reduced holdings. 31 funds opened positions while 87 raised stakes. 109.72 million shares or 3.22% more from 106.30 million shares in 2017Q2 were reported. Schneider Cap Management holds 826,718 shares or 2.05% of its portfolio. Moreover, First Eagle Inv Mgmt Ltd Liability Corp has 0.24% invested in NOW Inc. (NYSE:DNOW). Profund Advsrs Limited Liability Com stated it has 0.01% of its portfolio in NOW Inc. (NYSE:DNOW). Janney Montgomery Scott Ltd Limited Liability Company stated it has 0.01% of its portfolio in NOW Inc. (NYSE:DNOW). Lpl Financial Lc stated it has 0% of its portfolio in NOW Inc. (NYSE:DNOW). Cubist Systematic Strategies Ltd Limited Liability Company stated it has 12,730 shares. Moreover, Ngam Lp has 0.02% invested in NOW Inc. (NYSE:DNOW). California State Teachers Retirement System has 171,340 shares. Proshare Advsr Limited invested in 14,836 shares. Osborne Prtnrs Capital Mgmt Ltd Limited Liability Company has invested 0.75% in NOW Inc. (NYSE:DNOW). 190,071 are owned by Sg Americas Securities Lc. Pub Employees Retirement Sys Of Ohio reported 20,547 shares. Investec Asset Management Limited invested 0.18% in NOW Inc. (NYSE:DNOW). Estabrook Capital Mngmt holds 0.02% or 8,961 shares. Carroll Financial Assocs Inc has invested 0% of its portfolio in NOW Inc. (NYSE:DNOW).

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