Edgepoint Investment Group Decreased Service Intl (SCI) Position by $130.89 Million as Market Valuation Rose; Synovus Financial Has Lowered Its Newmont Mining (NEM) Holding by $2.29 Million; Market Value Declined

January 13, 2018 - By Vivian Park

Edgepoint Investment Group Inc decreased its stake in Service Corp Intl (SCI) by 50.02% based on its latest 2017Q3 regulatory filing with the SEC. Edgepoint Investment Group Inc sold 3.85 million shares as the company’s stock rose 2.01% with the market. The institutional investor held 3.85M shares of the other consumer services company at the end of 2017Q3, valued at $132.71 million, down from 7.70 million at the end of the previous reported quarter. Edgepoint Investment Group Inc who had been investing in Service Corp Intl for a number of months, seems to be less bullish one the $7.14B market cap company. The stock increased 0.58% or $0.22 during the last trading session, reaching $38.07. About 1.02 million shares traded. Service Corporation International (NYSE:SCI) has risen 20.29% since January 13, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Synovus Financial Corp decreased its stake in Newmont Mining Corp (NEM) by 83.76% based on its latest 2017Q3 regulatory filing with the SEC. Synovus Financial Corp sold 60,133 shares as the company’s stock declined 9.13% while stock markets rallied. The institutional investor held 11,656 shares of the precious metals company at the end of 2017Q3, valued at $443,000, down from 71,789 at the end of the previous reported quarter. Synovus Financial Corp who had been investing in Newmont Mining Corp for a number of months, seems to be less bullish one the $21.22B market cap company. The stock increased 2.45% or $0.95 during the last trading session, reaching $39.79. About 5.07M shares traded or 11.72% up from the average. Newmont Mining Corporation (NYSE:NEM) has declined 1.49% since January 13, 2017 and is downtrending. It has underperformed by 18.19% the S&P500.

Among 24 analysts covering Newmont Mining Corporation (NYSE:NEM), 13 have Buy rating, 0 Sell and 11 Hold. Therefore 54% are positive. Newmont Mining Corporation had 82 analyst reports since July 24, 2015 according to SRatingsIntel. RBC Capital Markets upgraded Newmont Mining Corporation (NYSE:NEM) rating on Tuesday, April 26. RBC Capital Markets has “Outperform” rating and $40 target. The rating was upgraded by Zacks on Tuesday, September 22 to “Hold”. As per Monday, March 7, the company rating was maintained by RBC Capital Markets. The firm earned “Sector Perform” rating on Wednesday, April 26 by Scotia Capital. As per Monday, December 18, the company rating was maintained by BMO Capital Markets. The rating was upgraded by Mackie on Thursday, October 29 to “Buy”. The stock has “Buy” rating by Bank of America on Wednesday, January 27. The firm has “Buy” rating by BMO Capital Markets given on Sunday, October 1. The stock of Newmont Mining Corporation (NYSE:NEM) earned “Mkt Perform” rating by FBR Capital on Monday, December 7. The rating was maintained by Jefferies on Thursday, July 14 with “Hold”.

Analysts await Newmont Mining Corporation (NYSE:NEM) to report earnings on February, 20. They expect $0.36 EPS, up 9.09% or $0.03 from last year’s $0.33 per share. NEM’s profit will be $192.00M for 27.63 P/E if the $0.36 EPS becomes a reality. After $0.35 actual EPS reported by Newmont Mining Corporation for the previous quarter, Wall Street now forecasts 2.86% EPS growth.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.47, from 0.93 in 2017Q2. It increased, as 35 investors sold NEM shares while 147 reduced holdings. 85 funds opened positions while 169 raised stakes. 427.26 million shares or 26.53% more from 337.68 million shares in 2017Q2 were reported. Asa Gold Precious Metals has 570,368 shares for 12.77% of their portfolio. Malaga Cove Capital Ltd Co holds 1.87% or 85,959 shares. Greenleaf Trust holds 0% or 471 shares in its portfolio. Fifth Third Fincl Bank owns 1,267 shares or 0% of their US portfolio. State Treasurer State Of Michigan stated it has 0.05% in Newmont Mining Corporation (NYSE:NEM). Franklin Res Inc holds 0.02% of its portfolio in Newmont Mining Corporation (NYSE:NEM) for 905,897 shares. Thrivent Financial For Lutherans accumulated 25,002 shares. Rathbone Brothers Public Ltd Company has 0.22% invested in Newmont Mining Corporation (NYSE:NEM) for 136,677 shares. Credit Agricole S A holds 1.08M shares. Kentucky Retirement Sys reported 0.09% stake. Comerica National Bank & Trust accumulated 0.05% or 182,961 shares. New York-based Neville Rodie And Shaw Inc has invested 0.1% in Newmont Mining Corporation (NYSE:NEM). Advisors Asset Management has invested 0% in Newmont Mining Corporation (NYSE:NEM). Profund Limited Liability Company holds 104,721 shares. Numeric Invsts Ltd stated it has 0.01% in Newmont Mining Corporation (NYSE:NEM).

Synovus Financial Corp, which manages about $5.26 billion US Long portfolio, upped its stake in Fiserv Inc (NASDAQ:FISV) by 2,565 shares to 32,171 shares, valued at $4.15M in 2017Q3, according to the filing. It also increased its holding in Vanguard World Fd (MGK) by 9,446 shares in the quarter, for a total of 753,345 shares, and has risen its stake in Costco Whsl Corp New (NASDAQ:COST).

Since August 1, 2017, it had 0 buys, and 12 sales for $1.32 million activity. Goldberg Gary J also sold $37,890 worth of Newmont Mining Corporation (NYSE:NEM) shares. Palmer Thomas Ronald sold 1,250 shares worth $48,250. The insider Dorward-King Elaine J sold $392,268. 5,700 shares valued at $211,527 were sold by Engel E Randall on Tuesday, August 1. On Monday, September 25 Lawson Scott P sold $189,250 worth of Newmont Mining Corporation (NYSE:NEM) or 5,000 shares.

Investors sentiment increased to 1.23 in 2017 Q3. Its up 0.17, from 1.06 in 2017Q2. It increased, as 14 investors sold SCI shares while 99 reduced holdings. 47 funds opened positions while 92 raised stakes. 153.11 million shares or 0.62% less from 154.07 million shares in 2017Q2 were reported. Commonwealth Equity Services stated it has 0% of its portfolio in Service Corporation International (NYSE:SCI). Comerica Bank invested 0.04% in Service Corporation International (NYSE:SCI). Lombard Odier Asset Mgmt (Usa) Corp has invested 0.25% in Service Corporation International (NYSE:SCI). Btim Corp invested in 0.12% or 224,907 shares. Wealthtrust stated it has 0.02% of its portfolio in Service Corporation International (NYSE:SCI). Moreover, Benjamin F Edwards & Co Incorporated has 0% invested in Service Corporation International (NYSE:SCI) for 200 shares. Federated Pa accumulated 87,361 shares. Plante Moran Ltd Liability Co stated it has 188 shares or 0% of all its holdings. Tudor Et Al invested in 6,829 shares or 0.01% of the stock. Howe And Rusling invested 0% in Service Corporation International (NYSE:SCI). Pitcairn invested in 10,423 shares or 0.04% of the stock. Neuberger Berman Grp Incorporated Ltd Liability reported 1.97 million shares. Dudley Shanley Limited Liability holds 1.6% or 210,050 shares in its portfolio. Robeco Institutional Asset Management Bv reported 0.07% stake. Salient Trust Lta owns 4.68% invested in Service Corporation International (NYSE:SCI) for 1.13M shares.

Among 5 analysts covering Service Corporation International (NYSE:SCI), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. Service Corporation International had 13 analyst reports since October 29, 2015 according to SRatingsIntel. On Thursday, August 17 the stock rating was maintained by Oppenheimer with “Buy”. The rating was reinitiated by Credit Suisse on Friday, November 3 with “Outperform”. Oppenheimer initiated the shares of SCI in report on Wednesday, November 11 with “Outperform” rating. The stock of Service Corporation International (NYSE:SCI) earned “Outperform” rating by Oppenheimer on Friday, February 12. The firm earned “Outperform” rating on Thursday, April 28 by Credit Suisse. The company was maintained on Wednesday, July 26 by Oppenheimer. The stock of Service Corporation International (NYSE:SCI) has “Buy” rating given on Thursday, November 2 by Oppenheimer. The rating was maintained by Oppenheimer on Tuesday, September 26 with “Buy”. The rating was maintained by Oppenheimer on Monday, July 17 with “Buy”. The firm earned “Buy” rating on Wednesday, June 21 by Oppenheimer.

Analysts await Service Corporation International (NYSE:SCI) to report earnings on February, 12. They expect $0.45 earnings per share, down 4.26% or $0.02 from last year’s $0.47 per share. SCI’s profit will be $84.36 million for 21.15 P/E if the $0.45 EPS becomes a reality. After $0.33 actual earnings per share reported by Service Corporation International for the previous quarter, Wall Street now forecasts 36.36% EPS growth.

Since September 6, 2017, it had 0 insider purchases, and 7 insider sales for $24.32 million activity. WEBB MICHAEL R sold $7.01M worth of stock or 202,000 shares. Sangalis Gregory T also sold $2.56M worth of Service Corporation International (NYSE:SCI) on Wednesday, September 13. Moore Tammy R had sold 41,400 shares worth $1.44M. On Wednesday, September 6 TANZBERGER ERIC D sold $6.53M worth of Service Corporation International (NYSE:SCI) or 187,100 shares. WALTRIP W BLAIR had sold 2,000 shares worth $70,146 on Tuesday, September 12. $3.21M worth of stock was sold by WALTRIP R L on Monday, December 11.

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