Parsley Energy (PE) Stock Value Declined While Passport Capital Cut Its Holding; Monarch Partners Asset Management Has Trimmed Stake in Agco (AGCO) as Stock Value Rose

January 14, 2018 - By Vivian Park

Monarch Partners Asset Management Llc decreased its stake in Agco Corp (AGCO) by 34.54% based on its latest 2017Q3 regulatory filing with the SEC. Monarch Partners Asset Management Llc sold 47,892 shares as the company’s stock rose 0.30% with the market. The institutional investor held 90,776 shares of the industrial machinery and components company at the end of 2017Q3, valued at $6.70 million, down from 138,668 at the end of the previous reported quarter. Monarch Partners Asset Management Llc who had been investing in Agco Corp for a number of months, seems to be less bullish one the $5.90 billion market cap company. The stock increased 1.35% or $0.99 during the last trading session, reaching $74.11. About 837,896 shares traded or 17.88% up from the average. AGCO Corporation (NYSE:AGCO) has risen 25.79% since January 14, 2017 and is uptrending. It has outperformed by 9.09% the S&P500.

John Burbank decreased its stake in Parsley Energy Inc (PE) by 46.63% based on its latest 2017Q3 regulatory filing with the SEC. Passport Capital Llc sold 1.11M shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund run by John Burbank held 1.27M shares of the energy company at the end of 2017Q3, valued at $33.36 million, down from 2.37 million at the end of the previous reported quarter. Passport Capital Llc who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $9.15 billion market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $29.11. About 9.21 million shares traded or 113.76% up from the average. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since January 14, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Among 19 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 3 Sell and 11 Hold. Therefore 26% are positive. Agco Corporation had 65 analyst reports since July 27, 2015 according to SRatingsIntel. The stock of AGCO Corporation (NYSE:AGCO) earned “Sector Perform” rating by RBC Capital Markets on Wednesday, December 16. The stock of AGCO Corporation (NYSE:AGCO) has “Hold” rating given on Tuesday, December 13 by Jefferies. The rating was initiated by Barclays Capital with “Hold” on Tuesday, December 12. The firm has “Neutral” rating given on Wednesday, June 21 by UBS. The stock of AGCO Corporation (NYSE:AGCO) has “Sector Perform” rating given on Wednesday, February 3 by RBC Capital Markets. The company was downgraded on Tuesday, October 10 by J.P. Morgan. Barclays Capital maintained it with “Equal Weight” rating and $44 target in Wednesday, December 16 report. The firm has “Hold” rating by RBC Capital Markets given on Thursday, October 5. The firm has “Hold” rating by Deutsche Bank given on Wednesday, October 12. The rating was maintained by Stifel Nicolaus on Thursday, December 21 with “Hold”.

Since August 1, 2017, it had 0 buys, and 4 selling transactions for $1.92 million activity. Shares for $1.08 million were sold by Crain Robert B on Tuesday, August 1. $73,000 worth of AGCO Corporation (NYSE:AGCO) shares were sold by Smith Lucinda B. 750 shares valued at $49,892 were sold by Veltmaat Hans Bernd on Tuesday, August 29.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on February, 6. They expect $1.11 earnings per share, up 32.14% or $0.27 from last year’s $0.84 per share. AGCO’s profit will be $88.29 million for 16.69 P/E if the $1.11 EPS becomes a reality. After $0.79 actual earnings per share reported by AGCO Corporation for the previous quarter, Wall Street now forecasts 40.51% EPS growth.

Monarch Partners Asset Management Llc, which manages about $275.92M and $1.04 billion US Long portfolio, upped its stake in Advanced Disp Svcs Inc Del by 153,413 shares to 354,463 shares, valued at $8.93 million in 2017Q3, according to the filing. It also increased its holding in Cirrus Logic Inc (NASDAQ:CRUS) by 135,175 shares in the quarter, for a total of 202,205 shares, and has risen its stake in Invacare Corp (NYSE:IVC).

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.04, from 0.85 in 2017Q2. It worsened, as 25 investors sold AGCO shares while 124 reduced holdings. 40 funds opened positions while 81 raised stakes. 64.46 million shares or 1.81% more from 63.32 million shares in 2017Q2 were reported. Spark Invest Mngmt Limited Co accumulated 60,000 shares. Riverhead Mgmt Ltd Liability Corp invested in 4,191 shares or 0.01% of the stock. Sg Americas Securities Ltd Liability reported 0.01% of its portfolio in AGCO Corporation (NYSE:AGCO). Lodge Hill Cap Ltd Limited Liability Company holds 1.29% of its portfolio in AGCO Corporation (NYSE:AGCO) for 230,000 shares. Pnc Services Gru has invested 0% of its portfolio in AGCO Corporation (NYSE:AGCO). Wedge L LP Nc stated it has 0.2% of its portfolio in AGCO Corporation (NYSE:AGCO). Advantus Cap Management Inc has invested 0.02% in AGCO Corporation (NYSE:AGCO). Laurion Management Limited Partnership holds 53,994 shares or 0.02% of its portfolio. Texas Permanent School Fund, Texas-based fund reported 48,141 shares. Pennsylvania-based Hudock Grp Ltd Liability Com has invested 0.02% in AGCO Corporation (NYSE:AGCO). Ngam Advisors Lp invested in 19,030 shares. American National Bank has invested 0% in AGCO Corporation (NYSE:AGCO). Principal Group Incorporated Incorporated accumulated 281,320 shares. Sei Invs invested in 108,218 shares or 0.03% of the stock. 273,512 are held by Zuckerman Inv Grp Ltd Liability Corp.

Passport Capital Llc, which manages about $4.54 billion and $362.25 million US Long portfolio, upped its stake in Broadcom Ltd by 4,420 shares to 25,043 shares, valued at $6.07 million in 2017Q3, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 46,168 shares in the quarter, for a total of 171,339 shares, and has risen its stake in Alibaba Group Hldg Ltd (NYSE:BABA).

Investors sentiment decreased to 1.13 in Q3 2017. Its down 0.27, from 1.4 in 2017Q2. It turned negative, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Highfields Management Limited Partnership reported 500,000 shares. Nomura Hldgs Incorporated, a Japan-based fund reported 25,000 shares. Prelude Capital Management Ltd Liability Corp invested in 19,876 shares. California-based Passport Capital Limited Liability Com has invested 9.21% in Parsley Energy, Inc. (NYSE:PE). 150,798 were reported by Kbc Group Nv. Pub Employees Retirement Association Of Colorado owns 38,067 shares. Dnb Asset Mgmt As accumulated 19,991 shares. Spirit Of America Mgmt holds 328,650 shares. Regions Finance invested 0% in Parsley Energy, Inc. (NYSE:PE). British Columbia Inv Mgmt Corporation reported 149,325 shares. Deutsche Commercial Bank Ag invested in 1.25 million shares. Bnp Paribas Arbitrage holds 0% or 19,461 shares. Cardinal Management Ltd Limited Liability Company Ct holds 797,964 shares. Tortoise Cap Advisors Limited Liability Com reported 323,336 shares. Deltec Asset Ltd Com holds 227,600 shares or 1.21% of its portfolio.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 32 have Buy rating, 0 Sell and 4 Hold. Therefore 89% are positive. Parsley Energy Inc had 113 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Wednesday, July 19 by Bank of America. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Piper Jaffray on Tuesday, January 9. As per Thursday, February 25, the company rating was maintained by Topeka Capital Markets. The rating was maintained by Morgan Stanley with “Overweight” on Tuesday, August 30. The stock has “Buy” rating by Deutsche Bank on Wednesday, December 2. The rating was maintained by SunTrust on Sunday, November 5 with “Buy”. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by Piper Jaffray on Monday, October 23. BMO Capital Markets maintained the shares of PE in report on Tuesday, November 14 with “Buy” rating. The firm has “Market Perform” rating given on Tuesday, September 8 by Cowen & Co. Howard Weil upgraded Parsley Energy, Inc. (NYSE:PE) on Monday, November 30 to “Focus Stock” rating.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59M for 40.43 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

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