Chesapeake Granite Wash Trust (CHKR) Reaches $2.30 After 7.00% Down Move, Bamco Trimmed By $1.67 Million Its Oaktree Cap Group (OAK) Position

June 19, 2017 - By Hazel Jackson

Bamco Inc decreased Oaktree Cap Group Llc (OAK) stake by 2.17% reported in 2016Q4 SEC filing. Bamco Inc sold 45,103 shares as Oaktree Cap Group Llc (OAK)’s stock rose 0.33%. The Bamco Inc holds 2.04M shares with $76.34 million value, down from 2.08 million last quarter. Oaktree Cap Group Llc now has $7.40B valuation. The stock rose 0.64% or $0.3 reaching $47.45. About 43,391 shares traded. Oaktree Capital Group LLC (NYSE:OAK) has risen 0.83% since June 19, 2016 and is uptrending. It has underperformed by 15.87% the S&P500.

The stock of Chesapeake Granite Wash Trust (NYSE:CHKR) is a huge mover today! About 72,948 shares traded. Chesapeake Granite Wash Trust (NYSE:CHKR) has risen 37.31% since June 19, 2016 and is uptrending. It has outperformed by 20.61% the S&P500.The move comes after 9 months negative chart setup for the $107.52M company. It was reported on Jun, 19 by Barchart.com. We have $2.14 PT which if reached, will make NYSE:CHKR worth $7.53M less.

Analysts await Oaktree Capital Group LLC (NYSE:OAK) to report earnings on July, 27. They expect $1.41 earnings per share, up 78.48% or $0.62 from last year’s $0.79 per share. OAK’s profit will be $219.89 million for 8.41 P/E if the $1.41 EPS becomes a reality. After $0.86 actual earnings per share reported by Oaktree Capital Group LLC for the previous quarter, Wall Street now forecasts 63.95% EPS growth.

Since February 15, 2017, it had 0 insider buys, and 2 selling transactions for $1.33 million activity. Shares for $381,170 were sold by KIRCHHEIMER DAVID M on Wednesday, February 15. Molz Todd E sold $952,550 worth of Oaktree Capital Group LLC (NYSE:OAK) on Thursday, February 16.

Bamco Inc increased Wingstop Inc stake by 150,000 shares to 911,000 valued at $26.96M in 2016Q4. It also upped Kornit Digital Ltd stake by 26,500 shares and now owns 63,500 shares. Alibaba Group Hldg Ltd (NYSE:BABA) was raised too.

Among 8 analysts covering Oaktree Capital Group (NYSE:OAK), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Oaktree Capital Group had 18 analyst reports since July 30, 2015 according to SRatingsIntel. Deutsche Bank maintained it with “Buy” rating and $52.0 target in Friday, January 8 report. Keefe Bruyette & Woods maintained the stock with “Buy” rating in Monday, May 29 report. The stock of Oaktree Capital Group LLC (NYSE:OAK) has “Neutral” rating given on Monday, November 2 by JP Morgan. The firm has “Underweight” rating by Barclays Capital given on Thursday, October 13. The stock has “Buy” rating by Deutsche Bank on Thursday, June 16. The stock of Oaktree Capital Group LLC (NYSE:OAK) earned “Neutral” rating by Bank of America on Friday, December 16. The firm has “Buy” rating given on Friday, September 18 by Deutsche Bank. The firm has “Buy” rating given on Friday, March 11 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Tuesday, December 20. Oppenheimer initiated Oaktree Capital Group LLC (NYSE:OAK) on Tuesday, December 6 with “Perform” rating.

Investors sentiment decreased to 0.86 in Q4 2016. Its down 0.56, from 1.42 in 2016Q3. It fall, as 28 investors sold OAK shares while 59 reduced holdings. 23 funds opened positions while 52 raised stakes. 32.76 million shares or 3.53% less from 33.96 million shares in 2016Q3 were reported. Us Bancorp De reported 1,900 shares stake. Peak6 Invests LP holds 0.01% or 20,457 shares in its portfolio. Rbf Cap Llc holds 0.09% of its portfolio in Oaktree Capital Group LLC (NYSE:OAK) for 16,300 shares. Endeavour Capital Advisors holds 186,882 shares or 0.44% of its portfolio. 5,110 were reported by Envestnet Asset Mngmt. Old West Mngmt Limited Liability Co invested 0.66% of its portfolio in Oaktree Capital Group LLC (NYSE:OAK). The Colorado-based Amg Natl Savings Bank has invested 0.06% in Oaktree Capital Group LLC (NYSE:OAK). Horizon Kinetics Limited Liability Company invested 0.42% in Oaktree Capital Group LLC (NYSE:OAK). Usca Ria Limited reported 0.24% in Oaktree Capital Group LLC (NYSE:OAK). Apriem Advsr reported 0% in Oaktree Capital Group LLC (NYSE:OAK). Winslow Evans & Crocker stated it has 2,750 shares or 0% of all its holdings. Da Davidson Com has 0.01% invested in Oaktree Capital Group LLC (NYSE:OAK) for 15,593 shares. California Employees Retirement Systems has invested 0% in Oaktree Capital Group LLC (NYSE:OAK). Invesco Limited holds 0.04% or 3.02 million shares in its portfolio. Baltimore accumulated 0.22% or 92,885 shares.

Investors sentiment increased to 1.38 in Q4 2016. Its up 0.93, from 0.45 in 2016Q3. It improved, as 2 investors sold Chesapeake Granite Wash Trust shares while 6 reduced holdings. 7 funds opened positions while 4 raised stakes. 567,979 shares or 125.95% more from 251,371 shares in 2016Q3 were reported. 19,317 are held by Kcg Holding. Weaver C Barksdale And has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR). Deutsche Natl Bank Ag invested in 0% or 175,770 shares. Amg Bancshares reported 54,045 shares or 0.01% of all its holdings. Royal National Bank & Trust Of Canada has 366 shares. Vantage Invest Ltd reported 1,000 shares. Moreover, Bancshares Of Ny Mellon Corp has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 11,831 shares. Cetera Ltd Liability Co reported 10,000 shares stake. Cetera Advisor Networks Ltd Llc holds 0% or 16,168 shares. Hanson Mcclain holds 0% of its portfolio in Chesapeake Granite Wash Trust (NYSE:CHKR) for 1,142 shares. Morgan Stanley holds 21,107 shares. Citadel Ltd Liability Com holds 25,746 shares or 0% of its portfolio. Janney Montgomery Scott Ltd Liability has 20,900 shares for 0% of their portfolio. Renaissance Technology Ltd Liability Corp has 0% invested in Chesapeake Granite Wash Trust (NYSE:CHKR) for 160,073 shares. Wells Fargo Co Mn has 3,458 shares for 0% of their portfolio.

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