Barnett & Company Has Lowered Six Flags Entmt New (SIX) Holding by $409,728 as Stock Price Declined; Kenmare Capital Partners Has Raised Stake in Cit Group (CIT)

April 16, 2018 - By whatsonthorold

CIT Group Inc. (NYSE:CIT) Logo

Barnett & Company Inc decreased its stake in Six Flags Entmt Corp New (SIX) by 8.9% based on its latest 2017Q4 regulatory filing with the SEC. Barnett & Company Inc sold 6,208 shares as the company’s stock declined 10.68% with the market. The institutional investor held 63,576 shares of the services-misc. amusement & recreation company at the end of 2017Q4, valued at $4.23M, down from 69,784 at the end of the previous reported quarter. Barnett & Company Inc who had been investing in Six Flags Entmt Corp New for a number of months, seems to be less bullish one the $5.22 billion market cap company. The stock decreased 0.47% or $0.29 during the last trading session, reaching $61.7. About 654,550 shares traded. Six Flags Entertainment Corporation (NYSE:SIX) has risen 3.06% since April 16, 2017 and is uptrending. It has underperformed by 8.49% the S&P500.

Kenmare Capital Partners Llc increased its stake in Cit Group Inc (CIT) by 211.84% based on its latest 2017Q4 regulatory filing with the SEC. Kenmare Capital Partners Llc bought 32,200 shares as the company’s stock rose 2.13% while stock markets declined. The institutional investor held 47,400 shares of the consumer services company at the end of 2017Q4, valued at $2.33M, up from 15,200 at the end of the previous reported quarter. Kenmare Capital Partners Llc who had been investing in Cit Group Inc for a number of months, seems to be bullish on the $6.69 billion market cap company. The stock decreased 1.69% or $0.89 during the last trading session, reaching $51.78. About 614,420 shares traded. CIT Group Inc. (NYSE:CIT) has risen 25.02% since April 16, 2017 and is uptrending. It has outperformed by 13.47% the S&P500.

Barnett & Company Inc, which manages about $382.43 million and $204.84M US Long portfolio, upped its stake in Schwab Strategic Tr (SCHA) by 7,310 shares to 22,435 shares, valued at $1.57M in 2017Q4, according to the filing. It also increased its holding in Bp Plc (NYSE:BP) by 21,560 shares in the quarter, for a total of 38,760 shares, and has risen its stake in Schwab Strategic Tr (SCHX).

Among 16 analysts covering Six Flags Entertainment (NYSE:SIX), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Six Flags Entertainment had 35 analyst reports since July 24, 2015 according to SRatingsIntel. Janney Capital initiated Six Flags Entertainment Corporation (NYSE:SIX) on Tuesday, September 15 with “Buy” rating. Oppenheimer maintained Six Flags Entertainment Corporation (NYSE:SIX) rating on Wednesday, April 6. Oppenheimer has “Outperform” rating and $65 target. The company was downgraded on Thursday, October 5 by Hilliard Lyons. KeyBanc Capital Markets maintained it with “Buy” rating and $65.0 target in Monday, October 23 report. As per Wednesday, August 16, the company rating was maintained by Oppenheimer. Wedbush maintained Six Flags Entertainment Corporation (NYSE:SIX) on Monday, January 8 with “Buy” rating. The stock has “Buy” rating by Oppenheimer on Wednesday, June 21. The stock of Six Flags Entertainment Corporation (NYSE:SIX) earned “Buy” rating by Stifel Nicolaus on Wednesday, October 11. The stock has “Outperform” rating by Credit Suisse on Friday, August 28. The firm has “Long-Term Buy” rating by Hilliard Lyons given on Tuesday, August 23.

Analysts await Six Flags Entertainment Corporation (NYSE:SIX) to report earnings on April, 25. They expect $-0.79 earnings per share, down 25.40% or $0.16 from last year’s $-0.63 per share. After $0.15 actual earnings per share reported by Six Flags Entertainment Corporation for the previous quarter, Wall Street now forecasts -626.67% negative EPS growth.

Investors sentiment decreased to 0.9 in Q4 2017. Its down 0.11, from 1.01 in 2017Q3. It dropped, as 31 investors sold CIT shares while 97 reduced holdings. 41 funds opened positions while 74 raised stakes. 129.34 million shares or 3.85% less from 134.52 million shares in 2017Q3 were reported. Cornerstone Inc invested in 636 shares or 0.02% of the stock. Laurion Ltd Partnership accumulated 74,614 shares or 0.02% of the stock. Barclays Public Lc holds 0.03% of its portfolio in CIT Group Inc. (NYSE:CIT) for 653,499 shares. Lazard Asset Mngmt Ltd Liability holds 0% or 11,674 shares in its portfolio. Dimensional Fund Advisors LP invested in 0.04% or 1.96M shares. Kbc Nv reported 6,862 shares stake. Moreover, Mark Sheptoff Finance Planning Lc has 0.02% invested in CIT Group Inc. (NYSE:CIT). Tower Cap Limited Co (Trc) accumulated 3,645 shares. Glg Lc holds 0.12% or 33,996 shares in its portfolio. Advisory Networks Limited Liability owns 138 shares or 0% of their US portfolio. Gulf Interest Bankshares (Uk) Limited accumulated 103,213 shares. Ww Asset Management stated it has 0.01% in CIT Group Inc. (NYSE:CIT). Arbiter Ptnrs Mngmt reported 140,392 shares stake. Fjarde Ap holds 54,775 shares. Goldman Sachs Gru invested in 0.01% or 1.18 million shares.

Since March 1, 2018, it had 0 buys, and 1 sale for $107,268 activity.

Among 20 analysts covering CIT Group (NYSE:CIT), 8 have Buy rating, 0 Sell and 12 Hold. Therefore 40% are positive. CIT Group had 66 analyst reports since July 23, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Friday, August 14. Morgan Stanley maintained it with “Equal-Weight” rating and $51 target in Monday, September 18 report. As per Thursday, July 13, the company rating was maintained by JMP Securities. The firm has “Underperform” rating by BMO Capital Markets given on Wednesday, October 25. The stock has “Buy” rating by Stifel Nicolaus on Monday, November 9. The firm has “Underperform” rating by Bank of America given on Friday, April 29. The company was maintained on Monday, February 5 by Morgan Stanley. The firm has “Buy” rating given on Friday, August 11 by Oppenheimer. Keefe Bruyette & Woods maintained the shares of CIT in report on Monday, February 26 with “Hold” rating. Citigroup downgraded CIT Group Inc. (NYSE:CIT) rating on Wednesday, February 3. Citigroup has “Neutral” rating and $30 target.

CIT Group Inc. (NYSE:CIT) Institutional Positions Chart

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