Southcross Energy Partners, L.P. (SXE) Trades at $1.59 After Triangle; Franklin Resources Has Increased Its Groupe Cgi (GIB) Holding

May 26, 2018 - By Darrin Black

CGI Group Inc. (NYSE:GIB) Logo

Franklin Resources Inc increased Groupe Cgi Inc (GIB) stake by 283.99% reported in 2017Q4 SEC filing. Franklin Resources Inc acquired 772,125 shares as Groupe Cgi Inc (GIB)’s stock rose 4.93%. The Franklin Resources Inc holds 1.04 million shares with $56.76 million value, up from 271,885 last quarter. Groupe Cgi Inc now has $17.01B valuation. The stock increased 0.36% or $0.22 during the last trading session, reaching $60.7. About 173,216 shares traded. CGI Group Inc. (NYSE:GIB) has risen 21.44% since May 26, 2017 and is uptrending. It has outperformed by 9.89% the S&P500.

Southcross Energy Partners, L.P. (SXE) formed triangle with $1.69 target or 6.00% above today’s $1.59 share price. Southcross Energy Partners, L.P. (SXE) has $129.51 million valuation. The stock decreased 1.24% or $0.02 during the last trading session, reaching $1.59. About 237,450 shares traded or 91.65% up from the average. Southcross Energy Partners, L.P. (NYSE:SXE) has declined 50.00% since May 26, 2017 and is downtrending. It has underperformed by 61.55% the S&P500.

Franklin Resources Inc decreased Alphabet Inc stake by 41,649 shares to 1.31M valued at $1.38B in 2017Q4. It also reduced Winnebago Inds Inc (NYSE:WGO) stake by 382,750 shares and now owns 590,779 shares. Mcdonalds Corp (NYSE:MCD) was reduced too.

More notable recent CGI Group Inc. (NYSE:GIB) news were published by: Prnewswire.com which released: “Lufthansa Group chooses CGI as strategic partner for infrastructure and digital transformation services” on May 24, 2018, also Streetinsider.com with their article: “CGI Group (GIB) Acquires IT Consulting firm Facilite Informatique” published on May 16, 2018, Fool.ca published: “4 Tech Stocks to Power Your TFSA” on May 24, 2018. More interesting news about CGI Group Inc. (NYSE:GIB) were released by: Seekingalpha.com and their article: “CGI Group (GIB) Q2 2018 Results – Earnings Call Transcript” published on May 02, 2018 as well as Streetinsider.com‘s news article titled: “CGI Group (GIB) to repurchase 3.63 million of its shares held by la Caisse” with publication date: May 08, 2018.

Among 9 analysts covering CGI Group (NYSE:GIB), 6 have Buy rating, 1 Sell and 2 Hold. Therefore 67% are positive. CGI Group had 17 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Societe Generale to “Buy” on Thursday, November 12. The rating was upgraded by Desjardins Securities to “Buy” on Wednesday, November 4. The rating was maintained by Dundee Securities on Thursday, November 10 with “Buy”. Macquarie Research initiated CGI Group Inc. (NYSE:GIB) on Tuesday, September 27 with “Neutral” rating. The rating was maintained by Canaccord Genuity on Tuesday, August 22 with “Buy”. The firm has “Hold” rating given on Thursday, November 10 by Societe Generale. The rating was initiated by TD Securities with “Buy” on Monday, April 4. The rating was upgraded by Desjardins Securities on Friday, May 27 to “Buy”. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, November 12. The rating was downgraded by Goldman Sachs to “Sell” on Friday, December 16.

Investors sentiment decreased to 0.85 in Q4 2017. Its down 0.15, from 1 in 2017Q3. It dived, as 5 investors sold Southcross Energy Partners, L.P. shares while 8 reduced holdings. 6 funds opened positions while 5 raised stakes. 2.17 million shares or 24.05% more from 1.75 million shares in 2017Q3 were reported. California Employees Retirement System invested 0% in Southcross Energy Partners, L.P. (NYSE:SXE). Wells Fargo Mn has 301 shares. Citadel Advsr Ltd Co holds 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE) for 29,265 shares. Center Coast Cap L P stated it has 211,000 shares or 0.01% of all its holdings. 147,872 were reported by Renaissance Tech Limited Liability Corporation. Manufacturers Life The invested 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE). Royal State Bank Of Canada holds 0% in Southcross Energy Partners, L.P. (NYSE:SXE) or 30,400 shares. Morgan Stanley owns 207,707 shares for 0% of their portfolio. Quinn Opportunity Ptnrs Limited Liability Company stated it has 66,246 shares or 0.02% of all its holdings. Freestone Capital Lc has 0.01% invested in Southcross Energy Partners, L.P. (NYSE:SXE) for 81,600 shares. Virtu Ltd has 43,188 shares for 0% of their portfolio. Deutsche State Bank Ag has invested 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE). Retail Bank Of America De reported 0% of its portfolio in Southcross Energy Partners, L.P. (NYSE:SXE). 102,626 are held by Goldman Sachs Gp. Acadian Asset Management Llc has invested 0% in Southcross Energy Partners, L.P. (NYSE:SXE).

Analysts await Southcross Energy Partners, L.P. (NYSE:SXE) to report earnings on August, 8. They expect $-0.20 earnings per share, 0.00% or $0.00 from last year’s $-0.2 per share. After $-0.21 actual earnings per share reported by Southcross Energy Partners, L.P. for the previous quarter, Wall Street now forecasts -4.76% EPS growth.

Southcross Energy Partners, L.P. (NYSE:SXE) Institutional Positions Chart

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