Argyll Research Has Lowered Holding in Tallgrass Energy Partners LP (TEP) as Share Value Declined; Bgc Partners Sr Nts 8.125 (BGCA) Holder Shikiar Asset Management Has Lifted Its Holding by $329,750 as Stock Were Volatile

January 14, 2018 - By Marguerite Chambers

Shikiar Asset Management Inc increased its stake in Bgc Partners Inc Sr Nts 8.125 (BGCA) by 28.24% based on its latest 2017Q3 regulatory filing with the SEC. Shikiar Asset Management Inc bought 13,190 shares as the company’s stock 0.00% . The institutional investor held 59,894 shares of the finance company at the end of 2017Q3, valued at $1.56M, up from 46,704 at the end of the previous reported quarter. Shikiar Asset Management Inc who had been investing in Bgc Partners Inc Sr Nts 8.125 for a number of months, seems to be bullish on the $5.14 billion market cap company. The stock increased 0.13% or $0.033 during the last trading session, reaching $25.635. About 19,374 shares traded or 279.58% up from the average. BGC Partners, Inc. (NYSE:BGCA) has 0.00% since January 14, 2017 and is . It has underperformed by 16.70% the S&P500.

Argyll Research Llc decreased its stake in Tallgrass Energy Partners Lp (TEP) by 11.11% based on its latest 2017Q3 regulatory filing with the SEC. Argyll Research Llc sold 20,833 shares as the company’s stock declined 5.30% while stock markets rallied. The institutional investor held 166,668 shares of the public utilities company at the end of 2017Q3, valued at $7.98 million, down from 187,501 at the end of the previous reported quarter. Argyll Research Llc who had been investing in Tallgrass Energy Partners Lp for a number of months, seems to be less bullish one the $3.43 billion market cap company. The stock increased 0.50% or $0.23 during the last trading session, reaching $46.32. About 550,316 shares traded or 90.00% up from the average. Tallgrass Energy Partners, LP (NYSE:TEP) has risen 2.55% since January 14, 2017 and is uptrending. It has underperformed by 14.15% the S&P500.

Among 11 analysts covering Tallgrass Energy Partners LP (NYSE:TEP), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. Tallgrass Energy Partners LP had 39 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus on Thursday, September 7 with “Buy”. The firm earned “Buy” rating on Friday, April 28 by Scotia Capital. The stock has “Hold” rating by Stifel Nicolaus on Thursday, January 28. The stock has “Hold” rating by U.S. Capital Advisors on Thursday, January 4. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 9. Citigroup downgraded Tallgrass Energy Partners, LP (NYSE:TEP) on Wednesday, February 22 to “Neutral” rating. Credit Suisse maintained Tallgrass Energy Partners, LP (NYSE:TEP) on Thursday, May 19 with “Outperform” rating. Robert W. Baird maintained the stock with “Buy” rating in Monday, October 30 report. The stock of Tallgrass Energy Partners, LP (NYSE:TEP) has “Buy” rating given on Friday, November 3 by RBC Capital Markets. On Tuesday, September 26 the stock rating was maintained by Robert W. Baird with “Buy”.

Investors sentiment increased to 1.21 in 2017 Q3. Its up 0.14, from 1.07 in 2017Q2. It improved, as 10 investors sold TEP shares while 42 reduced holdings. 20 funds opened positions while 43 raised stakes. 43.51 million shares or 0.36% less from 43.67 million shares in 2017Q2 were reported. Cadence Llc invested 0.31% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP). Moreover, Hilton Cap Management Limited has 0.09% invested in Tallgrass Energy Partners, LP (NYSE:TEP). Yorkville Cap Management Lc owns 70,474 shares. Commonwealth Equity Services invested in 6,226 shares. Spirit Of America Mngmt Corp New York invested in 1.36% or 268,582 shares. Tortoise Cap Advsr Ltd Liability Company holds 2.36% of its portfolio in Tallgrass Energy Partners, LP (NYSE:TEP) for 7.52 million shares. Clearbridge Limited Company holds 1.29M shares. Van Eck Assoc Corp has invested 0.01% in Tallgrass Energy Partners, LP (NYSE:TEP). Us National Bank & Trust De holds 0% in Tallgrass Energy Partners, LP (NYSE:TEP) or 7,473 shares. Morgan Stanley holds 0.03% or 2.09 million shares. Guggenheim Cap Ltd Liability Company holds 0.01% or 129,309 shares. Invesco reported 13,605 shares or 0% of all its holdings. Wade G W And, Massachusetts-based fund reported 7,132 shares. Fifth Third Natl Bank reported 844 shares. Atlantic Group Inc Ltd Liability Com has 0.13% invested in Tallgrass Energy Partners, LP (NYSE:TEP).

Analysts await Tallgrass Energy Partners, LP (NYSE:TEP) to report earnings on February, 21. They expect $0.68 EPS, up 13.33% or $0.08 from last year’s $0.6 per share. TEP’s profit will be $50.34 million for 17.03 P/E if the $0.68 EPS becomes a reality. After $1.83 actual EPS reported by Tallgrass Energy Partners, LP for the previous quarter, Wall Street now forecasts -62.84% negative EPS growth.

Shikiar Asset Management Inc, which manages about $319.33 million and $230.10 million US Long portfolio, decreased its stake in New Senior Investment Group (NYSE:SNR) by 40,100 shares to 160,750 shares, valued at $1.47 million in 2017Q3, according to the filing. It also reduced its holding in Colony Northstar Inc. Cl A by 141,429 shares in the quarter, leaving it with 369,518 shares, and cut its stake in Incyte (NASDAQ:INCY).

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