As Service International (SCI) Market Value Rose, Turtle Creek Asset Management Increased Position by $12.62 Million; Anchor Bolt Capital LP Has Decreased Stake in Turquoise Hill Res LTD (TRQ) as Stock Declined

January 14, 2018 - By Hazel Jackson

Turtle Creek Asset Management Inc increased its stake in Service Corp International (SCI) by 37.35% based on its latest 2017Q3 regulatory filing with the SEC. Turtle Creek Asset Management Inc bought 371,250 shares as the company’s stock rose 2.01% with the market. The institutional investor held 1.37 million shares of the other consumer services company at the end of 2017Q3, valued at $47.10M, up from 994,000 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Service Corp International for a number of months, seems to be bullish on 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 14, 2017 and is uptrending. It has outperformed by 3.59% the S&P500.

Robert Polak decreased its stake in Turquoise Hill Res Ltd (TRQ) by 35.54% based on its latest 2017Q3 regulatory filing with the SEC. Anchor Bolt Capital Lp sold 12.05M shares as the company’s stock declined 20.46% while stock markets rallied. The hedge fund run by Robert Polak held 21.85M shares of the precious metals company at the end of 2017Q3, valued at $67.73 million, down from 33.89M at the end of the previous reported quarter. Anchor Bolt Capital Lp who had been investing in Turquoise Hill Res Ltd for a number of months, seems to be less bullish one the $7.08 billion market cap company. The stock increased 1.71% or $0.06 during the last trading session, reaching $3.57. About 1.62 million shares traded. Turquoise Hill Resources Ltd. (NYSE:TRQ) has declined 2.47% since January 14, 2017 and is downtrending. It has underperformed by 19.17% the S&P500.

Investors sentiment increased to 1.23 in Q3 2017. Its up 0.17, from 1.06 in 2017Q2. It improved, 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. Ivory Inv Mngmt Limited Co owns 390,027 shares or 0.67% of their US portfolio. The Colorado-based Pub Employees Retirement Association Of Colorado has invested 0.5% in Service Corporation International (NYSE:SCI). The Minnesota-based Walleye Trading Ltd has invested 0% in Service Corporation International (NYSE:SCI). Daiwa Gru Inc holds 158,220 shares. Grantham Mayo Van Otterloo And Ltd Liability Corp has invested 0.02% in Service Corporation International (NYSE:SCI). Putnam Limited Liability Corp accumulated 410,342 shares or 0.03% of the stock. Paloma Mgmt invested in 0.02% or 51,771 shares. Federated Invsts Pa has 0.01% invested in Service Corporation International (NYSE:SCI). Credit Agricole S A stated it has 89,536 shares. Nuveen Asset Management holds 43,214 shares. Citadel Limited Liability Com has 72,861 shares for 0% of their portfolio. Argent owns 108,736 shares or 1.03% of their US portfolio. Advisors Asset holds 0% in Service Corporation International (NYSE:SCI) or 1,019 shares. California Pub Employees Retirement Systems holds 0.02% in Service Corporation International (NYSE:SCI) or 400,204 shares. New South has invested 2.05% in Service Corporation International (NYSE:SCI).

Turtle Creek Asset Management Inc, which manages about $1.01B US Long portfolio, decreased its stake in Urban Outfitters Inc (NASDAQ:URBN) by 716,550 shares to 2.95 million shares, valued at $70.57M in 2017Q3, according to the filing. It also reduced its holding in Mitel Networks Corp (NASDAQ:MITL) by 166,000 shares in the quarter, leaving it with 742,447 shares, and cut its stake in Wabco Holdings Inc (NYSE:WBC).

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. Credit Suisse upgraded the shares of SCI in report on Thursday, April 28 to “Outperform” rating. The stock of Service Corporation International (NYSE:SCI) has “Buy” rating given on Tuesday, September 26 by Oppenheimer. The stock has “Buy” rating by Oppenheimer on Monday, July 17. The firm earned “Buy” rating on Wednesday, July 26 by Oppenheimer. Oppenheimer initiated Service Corporation International (NYSE:SCI) on Wednesday, November 11 with “Outperform” rating. Oppenheimer maintained it with “Buy” rating and $39.0 target in Thursday, November 2 report. The stock has “Buy” rating by Oppenheimer on Thursday, August 17. Oppenheimer maintained Service Corporation International (NYSE:SCI) on Friday, February 12 with “Outperform” rating. The firm has “Outperform” rating by Credit Suisse given on Friday, November 3. The firm has “Market Perform” rating by Wells Fargo given on Tuesday, August 2.

Since September 6, 2017, it had 0 insider purchases, and 7 sales for $24.32 million activity. 72,300 Service Corporation International (NYSE:SCI) shares with value of $2.56 million were sold by Sangalis Gregory T. $3.21 million worth of stock was sold by WALTRIP R L on Monday, December 11. 100,000 Service Corporation International (NYSE:SCI) shares with value of $3.49 million were sold by RYAN THOMAS L. Moore Tammy R sold $1.44 million worth of stock. TANZBERGER ERIC D sold 187,100 shares worth $6.53M. WEBB MICHAEL R sold $7.01M worth of stock.

Among 6 analysts covering Turquoise Hill Resources (NYSE:TRQ), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Turquoise Hill Resources had 13 analyst reports since September 29, 2015 according to SRatingsIntel. Credit Suisse maintained the stock with “Neutral” rating in Wednesday, April 19 report. The stock has “Hold” rating by RBC Capital Markets on Monday, November 13. On Wednesday, September 6 the stock rating was maintained by RBC Capital Markets with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Friday, May 26. The firm earned “Hold” rating on Wednesday, August 17 by Canaccord Genuity. RBC Capital Markets maintained the stock with “Hold” rating in Tuesday, October 10 report. RBC Capital Markets maintained the shares of TRQ in report on Monday, July 31 with “Hold” rating. The stock has “Hold” rating by RBC Capital Markets on Wednesday, June 28. The rating was upgraded by TD Securities to “Buy” on Friday, December 11. RBC Capital Markets initiated the shares of TRQ in report on Monday, July 18 with “Sector Perform” rating.

Anchor Bolt Capital Lp, which manages about $849.21M and $2.45B US Long portfolio, upped its stake in Eqt Corp (NYSE:EQT) by 520,512 shares to 718,550 shares, valued at $46.88M in 2017Q3, according to the filing. It also increased its holding in Timken Co (NYSE:TKR) by 259,028 shares in the quarter, for a total of 425,625 shares, and has risen its stake in Deere & Co (NYSE:DE).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>