Shannon River Fund Management Position in Realpage (RP) Has Lowered by $6.76 Million; As Morgan Stanley (MS) Valuation Declined, Holder Hourglass Capital Has Lowered Holding by $695,040

January 14, 2018 - By Ruchi Gupta

Spencer M. Waxman decreased its stake in Realpage Inc (RP) by 43.04% based on its latest 2017Q3 regulatory filing with the SEC. Shannon River Fund Management Llc sold 173,377 shares as the company’s stock declined 2.46% while stock markets rallied. The hedge fund run by Spencer M. Waxman held 229,457 shares of the technology company at the end of 2017Q3, valued at $9.16M, down from 402,834 at the end of the previous reported quarter. Shannon River Fund Management Llc who had been investing in Realpage Inc for a number of months, seems to be less bullish one the $4.02 billion market cap company. The stock increased 1.36% or $0.65 during the last trading session, reaching $48.45. About 435,030 shares traded. RealPage, Inc. (NASDAQ:RP) has risen 59.26% since January 14, 2017 and is uptrending. It has outperformed by 42.56% the S&P500.

Hourglass Capital Llc decreased its stake in Morgan Stanley (MS) by 6.03% based on its latest 2017Q3 regulatory filing with the SEC. Hourglass Capital Llc sold 14,480 shares as the company’s stock declined 9.43% while stock markets rallied. The hedge fund held 225,519 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $10.86 million, down from 239,999 at the end of the previous reported quarter. Hourglass Capital Llc who had been investing in Morgan Stanley for a number of months, seems to be less bullish one the $99.65 billion market cap company. The stock increased 1.70% or $0.92 during the last trading session, reaching $55.12. About 9.00M shares traded or 15.20% up from the average. Morgan Stanley (NYSE:MS) has risen 57.08% since January 14, 2017 and is uptrending. It has outperformed by 40.38% the S&P500.

Hourglass Capital Llc, which manages about $861.92M and $420.07 million US Long portfolio, upped its stake in Alphabet Inc by 1,155 shares to 6,010 shares, valued at $5.85M in 2017Q3, according to the filing. It also increased its holding in Exxon Mobil Corp (NYSE:XOM) by 9,111 shares in the quarter, for a total of 43,826 shares, and has risen its stake in Hospitality Pptys Tr (NYSE:HPT).

Among 29 analysts covering Morgan Stanley (NYSE:MS), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Morgan Stanley had 91 analyst reports since July 21, 2015 according to SRatingsIntel. RBC Capital Markets maintained it with “Buy” rating and $5000 target in Tuesday, June 6 report. On Friday, April 21 the stock rating was maintained by Vining Sparks with “Strong-Buy”. The stock has “Hold” rating by Wells Fargo on Wednesday, December 20. The company was maintained on Tuesday, October 17 by RBC Capital Markets. On Friday, July 7 the stock rating was maintained by RBC Capital Markets with “Buy”. As per Tuesday, January 3, the company rating was maintained by Barclays Capital. Keefe Bruyette & Woods upgraded it to “Buy” rating and $59.0 target in Tuesday, December 12 report. The firm earned “Sell” rating on Wednesday, January 13 by Societe Generale. The rating was maintained by Argus Research on Tuesday, January 19 with “Buy”. As per Thursday, August 20, the company rating was downgraded by Zacks.

Investors sentiment increased to 0.94 in Q3 2017. Its up 0.06, from 0.88 in 2017Q2. It is positive, as 59 investors sold MS shares while 292 reduced holdings. 76 funds opened positions while 255 raised stakes. 1.53 billion shares or 1.48% less from 1.55 billion shares in 2017Q2 were reported. New York-based Bluemar Cap Mngmt Ltd has invested 2.57% in Morgan Stanley (NYSE:MS). Hudson Valley Investment Advisors Adv owns 30,954 shares for 0.39% of their portfolio. Checchi Cap Advisers Limited Liability holds 0.05% or 10,838 shares in its portfolio. Tru Of Vermont reported 7,920 shares or 0.04% of all its holdings. Conning Inc owns 0.06% invested in Morgan Stanley (NYSE:MS) for 35,188 shares. Icon Advisers Inc accumulated 0.21% or 61,900 shares. Evercore Wealth Lc invested 0.02% of its portfolio in Morgan Stanley (NYSE:MS). Voya Invest Mgmt Limited Liability Corp has invested 0.07% in Morgan Stanley (NYSE:MS). Amalgamated Bank & Trust reported 0.23% of its portfolio in Morgan Stanley (NYSE:MS). Deroy & Devereaux Private Investment Counsel Inc invested in 1.75% or 322,727 shares. Bankshares Of Nova Scotia Tru owns 8,855 shares or 0.04% of their US portfolio. Meiji Yasuda Asset Mgmt Comm holds 0.23% or 49,265 shares in its portfolio. Moreover, Dupont Capital Management Corp has 0.13% invested in Morgan Stanley (NYSE:MS) for 121,670 shares. Bridger Management Lc holds 1.21M shares. Advisor Ptnrs Ltd Limited Liability Company holds 30,954 shares.

Analysts await Morgan Stanley (NYSE:MS) to report earnings on January, 16. They expect $0.78 earnings per share, down 3.70% or $0.03 from last year’s $0.81 per share. MS’s profit will be $1.41B for 17.67 P/E if the $0.78 EPS becomes a reality. After $0.93 actual earnings per share reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -16.13% negative EPS growth.

Since August 8, 2017, it had 0 insider purchases, and 29 insider sales for $95.87 million activity. Another trade for 159,600 shares valued at $6.22M was sold by WINN STEPHEN T. Glover Ashley Chaffin also sold $586,882 worth of RealPage, Inc. (NASDAQ:RP) shares. $6.12 million worth of stock was sold by Seren Capital – Ltd. on Tuesday, September 26. BERKELEY ALFRED R III sold $141,050 worth of stock. The insider Chaney William P sold 1,000 shares worth $45,000. 2,500 shares were sold by Monk David G, worth $112,750 on Friday, December 8.

Shannon River Fund Management Llc, which manages about $2.55 billion and $305.64M US Long portfolio, upped its stake in Zynga Inc (NASDAQ:ZNGA) by 682,954 shares to 1.94 million shares, valued at $7.34 million in 2017Q3, according to the filing. It also increased its holding in Air Transport Services Grp I (NASDAQ:ATSG) by 88,537 shares in the quarter, for a total of 399,427 shares, and has risen its stake in Xperi Corp.

Among 7 analysts covering RealPage (NASDAQ:RP), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. RealPage had 15 analyst reports since June 8, 2016 according to SRatingsIntel. On Tuesday, December 19 the stock rating was maintained by KeyBanc Capital Markets with “Buy”. Benchmark maintained it with “Buy” rating and $38 target in Monday, February 27 report. On Monday, November 14 the stock rating was maintained by Benchmark with “Buy”. Stephens maintained RealPage, Inc. (NASDAQ:RP) on Thursday, August 3 with “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, June 19 with “Hold”. The rating was maintained by Deutsche Bank with “Buy” on Tuesday, July 18. The firm has “Buy” rating given on Friday, December 29 by Stephens. The firm earned “Hold” rating on Sunday, September 10 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Sunday, July 23 with “Hold”. The rating was initiated by Benchmark on Tuesday, June 28 with “Buy”.

Analysts await RealPage, Inc. (NASDAQ:RP) to report earnings on February, 26. They expect $0.16 EPS, up 14.29% or $0.02 from last year’s $0.14 per share. RP’s profit will be $13.26 million for 75.70 P/E if the $0.16 EPS becomes a reality. After $0.13 actual EPS reported by RealPage, Inc. for the previous quarter, Wall Street now forecasts 23.08% EPS growth.

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