As Sina (SINA) Stock Rose, Shareholder Shell Asset Management Co Trimmed Holding by $330,600; As Oneok (OKE) Market Valuation Declined, Albert D Mason Has Raised Stake by $1.87 Million

January 14, 2018 - By Michael Collier

Shell Asset Management Co decreased its stake in Sina Corp (SINA) by 8.99% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co sold 2,900 shares as the company’s stock rose 35.03% with the market. The institutional investor held 29,349 shares of the prepackaged software company at the end of 2017Q3, valued at $3.37 million, down from 32,249 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Sina Corp for a number of months, seems to be less bullish one the $8.08 billion market cap company. The stock increased 0.15% or $0.17 during the last trading session, reaching $113. About 1.06 million shares traded or 5.61% up from the average. SINA Corporation (NASDAQ:SINA) has risen 139.34% since January 14, 2017 and is uptrending. It has outperformed by 122.64% the S&P500.

Albert D Mason Inc increased its stake in Oneok Inc. (OKE) by 648.77% based on its latest 2017Q3 regulatory filing with the SEC. Albert D Mason Inc bought 33,976 shares as the company’s stock declined 4.12% while stock markets rallied. The institutional investor held 39,213 shares of the public utilities company at the end of 2017Q3, valued at $2.17M, up from 5,237 at the end of the previous reported quarter. Albert D Mason Inc who had been investing in Oneok Inc. for a number of months, seems to be bullish on the $22.50B market cap company. The stock increased 0.53% or $0.31 during the last trading session, reaching $58.67. About 2.97M shares traded or 12.69% up from the average. ONEOK, Inc. (NYSE:OKE) has risen 23.81% since January 14, 2017 and is uptrending. It has outperformed by 7.11% the S&P500.

Investors sentiment increased to 2.82 in 2017 Q3. Its up 1.47, from 1.35 in 2017Q2. It improved, as 52 investors sold OKE shares while 103 reduced holdings. 164 funds opened positions while 273 raised stakes. 264.73 million shares or 40.11% more from 188.94 million shares in 2017Q2 were reported. Advantus Cap holds 0.06% or 38,447 shares in its portfolio. Shell Asset Mgmt Com owns 47,465 shares or 0.05% of their US portfolio. Evanson Asset Mngmt Ltd Llc owns 65,090 shares or 0.77% of their US portfolio. Dupont Cap Mgmt Corp stated it has 44,100 shares. First Personal reported 0.01% stake. Caisse De Depot Et Placement Du Quebec holds 0.03% of its portfolio in ONEOK, Inc. (NYSE:OKE) for 203,127 shares. New York State Teachers Retirement Systems has 519,855 shares for 0.07% of their portfolio. Bank Of Nova Scotia reported 109,670 shares or 0.04% of all its holdings. British Columbia Invest Mngmt Corp has invested 0.1% in ONEOK, Inc. (NYSE:OKE). Art Advsrs Limited Com stated it has 0.08% in ONEOK, Inc. (NYSE:OKE). Bessemer Gp invested in 88,823 shares or 0.02% of the stock. One Mgmt Lc holds 0.08% or 6,709 shares in its portfolio. Ubs Asset Mgmt Americas invested in 1.17 million shares. Riverhead Capital Mgmt Lc holds 31,258 shares or 0.08% of its portfolio. Moreover, Hussman Strategic Advsrs Inc has 0.01% invested in ONEOK, Inc. (NYSE:OKE) for 985 shares.

Albert D Mason Inc, which manages about $397.92 million and $124.41 million US Long portfolio, decreased its stake in Bank Of Ireland by 1.06M shares to 36,552 shares, valued at $299,000 in 2017Q3, according to the filing. It also reduced its holding in Mccormick & Company Inc. (NYSE:MKC) by 4,184 shares in the quarter, leaving it with 12,961 shares, and cut its stake in Aptargroup Inc. (NYSE:ATR).

Among 19 analysts covering ONEOK (NYSE:OKE), 6 have Buy rating, 0 Sell and 13 Hold. Therefore 32% are positive. ONEOK had 62 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of ONEOK, Inc. (NYSE:OKE) earned “Outperform” rating by Credit Suisse on Thursday, August 3. The stock has “Neutral” rating by Credit Suisse on Monday, September 14. As per Thursday, January 12, the company rating was downgraded by Jefferies. The stock of ONEOK, Inc. (NYSE:OKE) earned “Hold” rating by J.P. Morgan on Monday, September 11. Morgan Stanley upgraded ONEOK, Inc. (NYSE:OKE) on Wednesday, January 20 to “Overweight” rating. The company was upgraded on Thursday, February 2 by Credit Suisse. UBS upgraded ONEOK, Inc. (NYSE:OKE) rating on Wednesday, June 14. UBS has “Buy” rating and $59 target. The rating was upgraded by Oppenheimer on Wednesday, December 23 to “Outperform”. Barclays Capital upgraded ONEOK, Inc. (NYSE:OKE) on Monday, May 9 to “Overweight” rating. As per Tuesday, September 5, the company rating was initiated by Barclays Capital.

Among 9 analysts covering Sina Corporation (NASDAQ:SINA), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Sina Corporation had 15 analyst reports since August 19, 2015 according to SRatingsIntel. The company was downgraded on Thursday, October 29 by Citigroup. Brean Capital maintained the shares of SINA in report on Thursday, November 19 with “Buy” rating. The rating was upgraded by Jefferies on Friday, July 22 to “Buy”. The firm has “Overweight” rating given on Wednesday, August 31 by JP Morgan. Jefferies maintained SINA Corporation (NASDAQ:SINA) rating on Thursday, July 13. Jefferies has “Buy” rating and $12200 target. The firm has “Buy” rating by TH Capital given on Monday, August 17. Citigroup initiated the stock with “Buy” rating in Friday, August 5 report. On Wednesday, September 14 the stock rating was maintained by Brean Capital with “Buy”. The stock of SINA Corporation (NASDAQ:SINA) earned “Buy” rating by Jefferies on Tuesday, October 17. On Monday, November 30 the stock rating was downgraded by Goldman Sachs to “Neutral”.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.41, from 1.65 in 2017Q2. It worsened, as 21 investors sold SINA shares while 68 reduced holdings. 46 funds opened positions while 64 raised stakes. 45.93 million shares or 0.75% more from 45.59 million shares in 2017Q2 were reported. Aviva Public Ltd Co stated it has 0.01% of its portfolio in SINA Corporation (NASDAQ:SINA). Koch Inc invested in 0.17% or 6,113 shares. Jefferies Grp Limited Liability Corporation owns 0.01% invested in SINA Corporation (NASDAQ:SINA) for 18,320 shares. Millennium Mngmt Ltd Co holds 197,761 shares. Atria Investments Ltd invested in 0.02% or 2,589 shares. Natixis reported 5,617 shares. Tiger Global Management Ltd Llc holds 529,107 shares. Guggenheim Cap Ltd Liability Company holds 0.03% or 116,192 shares. Invesco Limited holds 0.01% or 156,773 shares. Tiaa Cref Invest Management holds 0.01% of its portfolio in SINA Corporation (NASDAQ:SINA) for 95,216 shares. 4,901 were accumulated by Cubist Systematic Strategies Ltd Limited Liability Company. Seatown Holding Pte Ltd holds 0.96% or 115,085 shares. Css Ltd Il stated it has 1.49% of its portfolio in SINA Corporation (NASDAQ:SINA). Ajo LP has 0% invested in SINA Corporation (NASDAQ:SINA) for 3,075 shares. Lmr Prtn Limited Liability Partnership owns 10,600 shares for 0.13% of their portfolio.

Shell Asset Management Co, which manages about $4.50B US Long portfolio, upped its stake in Mattel Inc (NASDAQ:MAT) by 53,283 shares to 492,605 shares, valued at $7.63M in 2017Q3, according to the filing. It also increased its holding in Red Hat Inc (NYSE:RHT) by 6,394 shares in the quarter, for a total of 28,537 shares, and has risen its stake in Equinix Inc (NASDAQ:EQIX).

Analysts await SINA Corporation (NASDAQ:SINA) to report earnings on February, 28. They expect $0.38 EPS, up 40.74% or $0.11 from last year’s $0.27 per share. SINA’s profit will be $27.18M for 74.34 P/E if the $0.38 EPS becomes a reality. After $0.66 actual EPS reported by SINA Corporation for the previous quarter, Wall Street now forecasts -42.42% negative EPS growth.

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