Bluemar Capital Management Lowered Legg Mason (LM) Stake; Rice Midstream Partners LP (RMP) Had 5 Bullish Analysts

June 20, 2017 - By Kurt Siggers

Bluemar Capital Management Llc decreased Legg Mason Inc (LM) stake by 35.8% reported in 2016Q4 SEC filing. Bluemar Capital Management Llc sold 39,041 shares as Legg Mason Inc (LM)’s stock rose 3.81%. The Bluemar Capital Management Llc holds 70,000 shares with $2.09 million value, down from 109,041 last quarter. Legg Mason Inc now has $3.95B valuation. The stock declined 0.42% or $0.17 reaching $40.38 per share. About 304,660 shares traded. Legg Mason Inc (NYSE:LM) has risen 21.07% since June 20, 2016 and is uptrending. It has outperformed by 4.37% the S&P500.

Among 8 analysts covering Rice Midstream Partners (NYSE:RMP), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Rice Midstream Partners had 19 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, May 6 by Stifel Nicolaus. The stock of Rice Midstream Partners LP (NYSE:RMP) earned “Buy” rating by Goldman Sachs on Monday, November 7. The company was maintained on Tuesday, October 11 by Howard Weil. Howard Weil upgraded Rice Midstream Partners LP (NYSE:RMP) rating on Tuesday, December 15. Howard Weil has “Sector Outperform” rating and $19 target. Stifel Nicolaus initiated the shares of RMP in report on Thursday, March 17 with “Buy” rating. The company was downgraded on Tuesday, June 20 by RBC Capital Markets. Johnson Rice initiated the stock with “Accumulate” rating in Thursday, March 23 report. The stock of Rice Midstream Partners LP (NYSE:RMP) earned “Hold” rating by Zacks on Friday, August 28. The firm earned “Outperform” rating on Friday, August 7 by RBC Capital Markets. The firm has “Hold” rating by Zacks given on Friday, August 14. See Rice Midstream Partners LP (NYSE:RMP) latest ratings:

20/06/2017 Broker: RBC Capital Markets Old Rating: Outperform New Rating: Sector Perform Downgrade
19/06/2017 Broker: Suntrust Robinson Old Rating: Buy New Rating: Hold Downgrade
23/03/2017 Broker: Johnson Rice Rating: Accumulate Initiate

Among 11 analysts covering Legg Mason Inc. (NYSE:LM), 8 have Buy rating, 1 Sell and 2 Hold. Therefore 73% are positive. Legg Mason Inc. had 35 analyst reports since August 4, 2015 according to SRatingsIntel. Citigroup maintained Legg Mason Inc (NYSE:LM) rating on Thursday, September 10. Citigroup has “Buy” rating and $62.50 target. As per Monday, November 2, the company rating was maintained by RBC Capital Markets. On Monday, November 2 the stock rating was maintained by Barclays Capital with “Overweight”. The firm has “Buy” rating by Liberum Capital given on Friday, September 25. As per Wednesday, August 26, the company rating was upgraded by Danske Bank. RBC Capital Markets maintained it with “Sector Perform” rating and $35 target in Monday, May 2 report. The rating was maintained by Piper Jaffray with “Overweight” on Monday, August 3. The firm has “Overweight” rating given on Monday, November 2 by Piper Jaffray. The firm earned “Outperform” rating on Wednesday, March 16 by Credit Suisse. The company was maintained on Friday, April 15 by Citigroup.

Analysts await Legg Mason Inc (NYSE:LM) to report earnings on July, 26. They expect $0.58 earnings per share, up 87.10% or $0.27 from last year’s $0.31 per share. LM’s profit will be $56.74 million for 17.41 P/E if the $0.58 EPS becomes a reality. After $0.92 actual earnings per share reported by Legg Mason Inc for the previous quarter, Wall Street now forecasts -36.96% negative EPS growth.

Since January 9, 2017, it had 1 buying transaction, and 6 selling transactions for $24.71 million activity. $23.50 million worth of Legg Mason Inc (NYSE:LM) was sold by Chen Tian Qiao. Another trade for 1,745 shares valued at $65,246 was made by Schliessler Ursula on Monday, May 1. $1.07M worth of Legg Mason Inc (NYSE:LM) was sold by SULLIVAN JOSEPH A. $326,855 worth of Legg Mason Inc (NYSE:LM) was sold by Johnson Terence on Monday, May 1. Merchant Thomas C sold 6,595 shares worth $237,816.

Investors sentiment increased to 1.01 in Q4 2016. Its up 0.26, from 0.75 in 2016Q3. It increased, as 59 investors sold LM shares while 85 reduced holdings. 56 funds opened positions while 89 raised stakes. 79.61 million shares or 2.04% more from 78.02 million shares in 2016Q3 were reported. Gamco Inc Et Al reported 3.46M shares stake. Mu Invests Co Ltd invested in 0.04% or 1,970 shares. Federated Pa holds 0.01% or 63,025 shares in its portfolio. Third Avenue Mgmt Ltd Liability Corp reported 104,132 shares. Stevens Mgmt LP reported 59,417 shares or 0.07% of all its holdings. The North Carolina-based Wedge Capital Mgmt L Limited Partnership Nc has invested 0.3% in Legg Mason Inc (NYSE:LM). First Trust Advsrs LP reported 0% stake. Credit Agricole S A has invested 0% in Legg Mason Inc (NYSE:LM). Maltese Mngmt Limited Liability Company reported 0.05% stake. Bluemountain Cap Mgmt Lc reported 22,517 shares. Moreover, Brown Advisory has 0% invested in Legg Mason Inc (NYSE:LM). Los Angeles Mgmt & Equity Research owns 106,184 shares. Teachers Retirement System Of The State Of Kentucky reported 0.01% of its portfolio in Legg Mason Inc (NYSE:LM). Nomura Holding Inc stated it has 0% in Legg Mason Inc (NYSE:LM). Olstein Cap Mgmt LP invested in 2.18% or 564,550 shares.

Bluemar Capital Management Llc increased Bank Of Nt Butterfield&Son L stake by 40,661 shares to 90,361 valued at $2.84 million in 2016Q4. It also upped Zions Bancorporation (NASDAQ:ZION) stake by 29,500 shares and now owns 119,800 shares. Svb Finl Group (NASDAQ:SIVB) was raised too.

Rice Midstream Partners LP owns, operates, develops and acquires midstream assets in the Appalachian Basin. The company has market cap of $1.34 billion. The Company’s divisions are gathering and compression, and water services. It has a 13.17 P/E ratio. The gathering and compression segment provides natural gas gathering and compression services for Rice Energy Inc. and third parties in the Appalachian Basin.

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