Pzena Investment Management Trimmed Baidu (BIDU) Stake; Spirit Realty Capital (SRC) Has 0.97 Sentiment

March 17, 2018 - By olga

Pzena Investment Management Llc decreased Baidu Inc (BIDU) stake by 3.02% reported in 2017Q3 SEC filing. Pzena Investment Management Llc sold 13,048 shares as Baidu Inc (BIDU)’s stock rose 1.94%. The Pzena Investment Management Llc holds 418,814 shares with $103.74 million value, down from 431,862 last quarter. Baidu Inc now has $91.35 billion valuation. The stock decreased 0.12% or $0.32 during the last trading session, reaching $262.39. About 4.65 million shares traded or 68.36% up from the average. Baidu, Inc. (NASDAQ:BIDU) has risen 12.02% since March 17, 2017 and is uptrending. It has underperformed by 4.68% the S&P500.

Spirit Realty Capital, Inc. is a publicly traded real estate investment trust. The company has market cap of $3.59 billion. The firm primarily acquires across the United States single tenant operationally essential real estate, which refers to generally free-standing, commercial real estate facilities where tenants conduct retail, service or distribution activities that are essential to the generation of their sales and profits. It has a 50.96 P/E ratio. The firm was formerly known as Spirit Finance Corp.

V3 Capital Management L.P. holds 15.94% of its portfolio in Spirit Realty Capital, Inc. for 9.47 million shares. Knighthead Capital Management Llc owns 9.11 million shares or 11.16% of their US portfolio. Moreover, Hg Vora Capital Management Llc has 8.91% invested in the company for 7.70 million shares. The New York-based Tricadia Capital Management Llc has invested 7.91% in the stock. Monarch Alternative Capital Lp, a New York-based fund reported 11.73 million shares.

The stock increased 0.13% or $0.01 during the last trading session, reaching $8. About 4.81 million shares traded. Spirit Realty Capital, Inc. (SRC) has declined 36.20% since March 17, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Since January 1, 0001, it had 1 insider purchase, and 0 insider sales for $199,899 activity.

Among 24 analysts covering Baidu (NASDAQ:BIDU), 10 have Buy rating, 3 Sell and 11 Hold. Therefore 42% are positive. Baidu had 62 analyst reports since July 28, 2015 according to SRatingsIntel. TH Capital downgraded the stock to “Hold” rating in Friday, July 29 report. The firm earned “Overweight” rating on Wednesday, May 11 by Morgan Stanley. The firm has “Buy” rating given on Friday, April 29 by Brean Capital. Morgan Stanley downgraded the stock to “Equal-Weight” rating in Tuesday, January 17 report. Deutsche Bank maintained Baidu, Inc. (NASDAQ:BIDU) rating on Wednesday, September 9. Deutsche Bank has “Hold” rating and $170 target. Barclays Capital maintained Baidu, Inc. (NASDAQ:BIDU) rating on Monday, October 30. Barclays Capital has “Equal-Weight” rating and $240 target. The rating was initiated by Credit Suisse on Wednesday, July 20 with “Outperform”. As per Monday, October 31, the company rating was downgraded by Macquarie Research. As per Tuesday, October 31, the company rating was maintained by Oppenheimer. Jefferies upgraded it to “Buy” rating and $210 target in Monday, August 31 report.

Analysts await Baidu, Inc. (NASDAQ:BIDU) to report earnings on April, 26. They expect $1.33 earnings per share, up 101.52% or $0.67 from last year’s $0.66 per share. BIDU’s profit will be $463.05M for 49.32 P/E if the $1.33 EPS becomes a reality. After $1.90 actual earnings per share reported by Baidu, Inc. for the previous quarter, Wall Street now forecasts -30.00% negative EPS growth.

Pzena Investment Management Llc increased Dover Corp (NYSE:DOV) stake by 14,504 shares to 5.61 million valued at $513.05M in 2017Q3. It also upped Essendant Inc stake by 832,767 shares and now owns 4.33 million shares. Universal Corp (NYSE:UVV) was raised too.

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.


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