Northern Cross Stake in Barrick Gold (ABX) Decreased as Stock Value Declined; Sunstone Hotel Invs New (SHO) Shareholder Global Endowment Management LP Lowered Its Stake by $1.87 Million as Market Valuation Rose

February 15, 2018 - By Nellie Frank

Global Endowment Management Lp decreased its stake in Sunstone Hotel Invs Inc New (SHO) by 60.85% based on its latest 2017Q3 regulatory filing with the SEC. Global Endowment Management Lp sold 116,860 shares as the company’s stock rose 4.30% with the market. The institutional investor held 75,200 shares of the consumer services company at the end of 2017Q3, valued at $1.21 million, down from 192,060 at the end of the previous reported quarter. Global Endowment Management Lp who had been investing in Sunstone Hotel Invs Inc New for a number of months, seems to be less bullish one the $3.52B market cap company. The stock decreased 0.73% or $0.11 during the last trading session, reaching $15.64. About 1.01 million shares traded. Sunstone Hotel Investors, Inc. (NYSE:SHO) has risen 34.87% since February 15, 2017 and is uptrending. It has outperformed by 18.17% the S&P500.

Northern Cross Llc decreased its stake in Barrick Gold Corp (ABX) by 7.63% based on its latest 2017Q3 regulatory filing with the SEC. Northern Cross Llc sold 573,589 shares as the company’s stock declined 17.45% while stock markets rallied. The institutional investor held 6.94 million shares of the precious metals company at the end of 2017Q3, valued at $111.68M, down from 7.51 million at the end of the previous reported quarter. Northern Cross Llc who had been investing in Barrick Gold Corp for a number of months, seems to be less bullish one the $15.10B market cap company. The stock decreased 4.10% or $0.56 during the last trading session, reaching $13.09. About 10.56M shares traded. Barrick Gold Corporation (NYSE:ABX) has declined 8.26% since February 15, 2017 and is downtrending. It has underperformed by 24.96% the S&P500.

Analysts await Barrick Gold Corporation (NYSE:ABX) to report earnings on February, 21. They expect $0.21 earnings per share, down 4.55% or $0.01 from last year’s $0.22 per share. ABX’s profit will be $242.21M for 15.58 P/E if the $0.21 EPS becomes a reality. After $0.16 actual earnings per share reported by Barrick Gold Corporation for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Among 24 analysts covering Barrick Gold Corp. (NYSE:ABX), 8 have Buy rating, 1 Sell and 15 Hold. Therefore 33% are positive. Barrick Gold Corp. had 82 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by Mackie to “Hold” on Friday, February 19. On Monday, December 18 the stock rating was maintained by BMO Capital Markets with “Hold”. The stock has “Hold” rating by Canaccord Genuity on Tuesday, May 3. UBS maintained Barrick Gold Corporation (NYSE:ABX) on Friday, November 3 with “Neutral” rating. Citigroup initiated Barrick Gold Corporation (NYSE:ABX) rating on Tuesday, August 2. Citigroup has “Buy” rating and $29 target. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, July 18. The rating was downgraded by Citigroup to “Sell” on Thursday, November 30. As per Wednesday, September 7, the company rating was initiated by Berenberg. The company was maintained on Tuesday, March 15 by JP Morgan. The company was upgraded on Friday, July 31 by Canaccord Genuity.

Global Endowment Management Lp, which manages about $5.46 billion and $709.50 million US Long portfolio, upped its stake in Cubesmart (NYSE:CUBE) by 14,200 shares to 125,910 shares, valued at $3.27M in 2017Q3, according to the filing. It also increased its holding in Novo (NYSE:NVO) by 30,200 shares in the quarter, for a total of 175,830 shares, and has risen its stake in Host Hotels & Resorts Inc (NYSE:HST).

Analysts await Sunstone Hotel Investors, Inc. (NYSE:SHO) to report earnings on February, 20. They expect $0.25 earnings per share, down 13.79% or $0.04 from last year’s $0.29 per share. SHO’s profit will be $56.31 million for 15.64 P/E if the $0.25 EPS becomes a reality. After $0.31 actual earnings per share reported by Sunstone Hotel Investors, Inc. for the previous quarter, Wall Street now forecasts -19.35% negative EPS growth.

Since December 14, 2017, it had 0 buys, and 1 insider sale for $308,267 activity.

Among 18 analysts covering Sunstone Hotel Investors Inc (NYSE:SHO), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. Sunstone Hotel Investors Inc had 44 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Boenning & Scattergood with “Neutral” on Wednesday, April 19. The rating was upgraded by Robert W. Baird on Thursday, January 7 to “Outperform”. Robert W. Baird downgraded it to “Neutral” rating and $15 target in Wednesday, January 11 report. The firm has “Buy” rating by Canaccord Genuity given on Thursday, August 3. On Monday, August 22 the stock rating was maintained by Citigroup with “Neutral”. Canaccord Genuity maintained Sunstone Hotel Investors, Inc. (NYSE:SHO) on Tuesday, August 1 with “Buy” rating. The rating was upgraded by Canaccord Genuity on Friday, July 15 to “Buy”. The company was maintained on Wednesday, February 14 by Boenning & Scattergood. The rating was downgraded by J.P. Morgan on Thursday, November 16 to “Sell”. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, December 19 report.

Investors sentiment increased to 1.58 in 2017 Q3. Its up 0.32, from 1.26 in 2017Q2. It increased, as 15 investors sold SHO shares while 54 reduced holdings. 31 funds opened positions while 78 raised stakes. 245.55 million shares or 1.51% more from 241.88 million shares in 2017Q2 were reported. Teacher Retirement Of Texas reported 328,434 shares. 9.13 million are owned by Deutsche Bankshares Ag. Federated Pa has invested 0% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Los Angeles Cap Mngmt And Equity Rech has 28,287 shares for 0% of their portfolio. Tudor Inv Et Al has 44,489 shares. Schwab Charles Mgmt holds 2.67M shares or 0.04% of its portfolio. Moreover, Guggenheim Ltd has 0.01% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO) for 172,461 shares. Amalgamated State Bank, New York-based fund reported 28,074 shares. Blackrock reported 20.66M shares. Endowment Limited Partnership accumulated 75,200 shares. Jpmorgan Chase & Com holds 0.02% or 6.53M shares in its portfolio. Wells Fargo And Mn has invested 0% in Sunstone Hotel Investors, Inc. (NYSE:SHO). State Board Of Administration Of Florida Retirement Systems holds 125,098 shares. Metropolitan Life Insurance Ny accumulated 160,531 shares. Morgan Stanley owns 381,131 shares or 0% of their US portfolio.

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