Arrowgrass Capital Partners LP Has Increased By $56.66 Million Its Priceline Grp (PCLN) Holding, Permian Basin Royalty Trust (PBT) Shorts Lowered By 2.4%

June 20, 2017 - By Louis Casey

Arrowgrass Capital Partners Lp increased Priceline Grp Inc (PCLN) stake by 11711.21% reported in 2016Q4 SEC filing. Arrowgrass Capital Partners Lp acquired 38,647 shares as Priceline Grp Inc (PCLN)’s stock rose 10.44%. The Arrowgrass Capital Partners Lp holds 38,977 shares with $57.14 million value, up from 330 last quarter. Priceline Grp Inc now has $93.56 billion valuation. The stock rose 0.10% or $1.87 reaching $1853.47 per share. About 230,881 shares traded. Priceline Group Inc (NASDAQ:PCLN) has risen 44.63% since June 20, 2016 and is uptrending. It has outperformed by 27.93% the S&P500.

Permian Basin Royalty Trust (NYSE:PBT) had a decrease of 2.4% in short interest. PBT’s SI was 317,300 shares in June as released by FINRA. Its down 2.4% from 325,100 shares previously. With 109,500 avg volume, 3 days are for Permian Basin Royalty Trust (NYSE:PBT)’s short sellers to cover PBT’s short positions. About 158,725 shares traded or 35.13% up from the average. Permian Basin Royalty Trust (NYSE:PBT) has risen 49.85% since June 20, 2016 and is uptrending. It has outperformed by 33.15% the S&P500.

Investors sentiment increased to 1.42 in Q4 2016. Its up 0.09, from 1.33 in 2016Q3. It increased, as 4 investors sold Permian Basin Royalty Trust shares while 15 reduced holdings. 7 funds opened positions while 20 raised stakes. 4.54 million shares or 6.35% less from 4.85 million shares in 2016Q3 were reported. 450 are owned by Tower Capital Ltd (Trc). Sigma Planning Corp has 0.01% invested in Permian Basin Royalty Trust (NYSE:PBT) for 12,331 shares. Price Michael F invested in 23,841 shares or 0.02% of the stock. Next Grp stated it has 1,820 shares or 0% of all its holdings. Moreover, Citadel Advisors Lc has 0% invested in Permian Basin Royalty Trust (NYSE:PBT). Stifel has invested 0% in Permian Basin Royalty Trust (NYSE:PBT). Jpmorgan Chase And reported 20,388 shares. Manufacturers Life Ins The owns 300 shares or 0% of their US portfolio. Glenmede Trust Company Na, a Pennsylvania-based fund reported 5,000 shares. National Bank invested in 2,900 shares or 0.01% of the stock. Carroll Finance Associate reported 3,200 shares stake. Fruth Invest Mngmt stated it has 19,900 shares or 0.07% of all its holdings. Cambridge Investment Advisors holds 0% in Permian Basin Royalty Trust (NYSE:PBT) or 18,016 shares. Royal Bank Of Canada invested in 7,166 shares. Deutsche National Bank & Trust Ag holds 0% in Permian Basin Royalty Trust (NYSE:PBT) or 229,389 shares.

Permian Basin Royalty Trust is an express trust. The company has market cap of $403.38 million. The Company’s Waddell Ranch Properties has mineral interests in the Waddell Ranch. It has a 15.56 P/E ratio. The Company’s Waddell Ranch properties have proved reserves in six fields: Dune, Sand Hills , Sand Hills (McKnight), Sand Hills (Tubb), University-Waddell (Devonian) and Waddell.

Arrowgrass Capital Partners Lp decreased Tivo Corp stake by 15,618 shares to 323,980 valued at $6.77M in 2016Q4. It also reduced Linear Technology Corp (NASDAQ:LLTC) stake by 79,102 shares and now owns 444,727 shares. Comcast Corp New (Call) (NASDAQ:CMCSA) was reduced too.

Since January 1, 2017, it had 0 insider purchases, and 12 insider sales for $26.73 million activity. Tans Gillian also sold $221,308 worth of Priceline Group Inc (NASDAQ:PCLN) shares. BOYD JEFFERY H also sold $4.43M worth of Priceline Group Inc (NASDAQ:PCLN) shares. Docter Jan L sold 1,500 shares worth $2.79M. 3,052 shares were sold by MILLONES PETER J, worth $5.39M. 3,052 shares were sold by Finnegan Daniel J, worth $5.28M on Saturday, March 4. Fogel Glenn D sold $1.49M worth of Priceline Group Inc (NASDAQ:PCLN) on Wednesday, January 4.

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