Davidson Kempner Capital Management LP Stake in Carmax (KMX) Has Decreased by $1.88 Million as Stock Value Declined; Adams Asset Advisors Lifted Position in Calumet Specialty Prod (CLMT) by $901,184 as Market Value Rose

January 19, 2018 - By Louis Casey

Thomas Lenox Kempner decreased its stake in Carmax Inc (KMX) by 6.67% based on its latest 2017Q3 regulatory filing with the SEC. Davidson Kempner Capital Management Lp sold 25,000 shares as the company’s stock declined 3.39% while stock markets rallied. The hedge fund run by Thomas Lenox Kempner held 350,000 shares of the automotive aftermarket company at the end of 2017Q3, valued at $26.53M, down from 375,000 at the end of the previous reported quarter. Davidson Kempner Capital Management Lp who had been investing in Carmax Inc for a number of months, seems to be less bullish one the $12.82 billion market cap company. The stock decreased 0.33% or $0.235 during the last trading session, reaching $70.305. About 358,755 shares traded. CarMax Inc. (NYSE:KMX) has risen 26.17% since January 19, 2017 and is uptrending. It has outperformed by 9.47% the S&P500.

Adams Asset Advisors Llc increased its stake in Calumet Specialty Prod (CLMT) by 15.97% based on its latest 2017Q3 regulatory filing with the SEC. Adams Asset Advisors Llc bought 112,648 shares as the company’s stock rose 12.82% with the market. The institutional investor held 817,980 shares of the energy company at the end of 2017Q3, valued at $6.83 million, up from 705,332 at the end of the previous reported quarter. Adams Asset Advisors Llc who had been investing in Calumet Specialty Prod for a number of months, seems to be bullish on the $620.86 million market cap company. The stock increased 0.94% or $0.0737 during the last trading session, reaching $7.9237. About 29,171 shares traded. Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has risen 20.88% since January 19, 2017 and is uptrending. It has outperformed by 4.18% the S&P500.

Investors sentiment decreased to 0.9 in 2017 Q3. Its down 0.01, from 0.91 in 2017Q2. It worsened, as 25 investors sold KMX shares while 163 reduced holdings. 57 funds opened positions while 112 raised stakes. 188.17 million shares or 4.44% less from 196.91 million shares in 2017Q2 were reported. Brown Brothers Harriman And holds 0.01% in CarMax Inc. (NYSE:KMX) or 12,423 shares. Swiss Bancorporation holds 0.06% or 684,000 shares in its portfolio. Ls Inv Limited Com holds 6,960 shares. Parametric Port Associate Limited Company holds 412,554 shares. Arizona State Retirement Sys reported 60,236 shares or 0.05% of all its holdings. Tradition Capital Mngmt Ltd Co reported 0.57% stake. Georgia-based Voya Management Ltd has invested 0.02% in CarMax Inc. (NYSE:KMX). Comerica Bancshares has invested 0.03% of its portfolio in CarMax Inc. (NYSE:KMX). Morgens Waterfall Vintiadis And Inc reported 7,000 shares or 0.45% of all its holdings. Liberty Mutual Gru Asset Mgmt holds 8,274 shares or 0.03% of its portfolio. Amp Capital Ltd, Australia-based fund reported 49,689 shares. Vision Cap Mngmt holds 1.01% or 41,766 shares in its portfolio. Patten And Patten Inc Tn holds 0.32% or 40,405 shares. Sarasin Prtnrs Llp holds 1.35% of its portfolio in CarMax Inc. (NYSE:KMX) for 882,589 shares. Cibc Asset Mngmt Inc has 0.01% invested in CarMax Inc. (NYSE:KMX).

Since September 1, 2017, it had 1 insider buy, and 17 selling transactions for $46.26 million activity. 25,000 shares were sold by Hill Edwin J, worth $1.89 million. $14.84M worth of stock was sold by Wood William C Jr. on Tuesday, September 26. On Tuesday, September 26 the insider Nash William D sold $7.42 million. $478,064 worth of CarMax Inc. (NYSE:KMX) was sold by Newberry Darren C on Tuesday, January 16. On Tuesday, September 26 MARGOLIN ERIC M sold $4.30M worth of CarMax Inc. (NYSE:KMX) or 57,757 shares. Shares for $419,370 were sold by Cafritz Diane L on Wednesday, September 27.

Davidson Kempner Capital Management Lp, which manages about $26.13 billion and $3.36B US Long portfolio, upped its stake in Caesars Entmt Corp (NASDAQ:CZR) by 1.21M shares to 1.66M shares, valued at $22.10 million in 2017Q3, according to the filing. It also increased its holding in Dollar Tree Inc (NASDAQ:DLTR) by 306,600 shares in the quarter, for a total of 806,600 shares, and has risen its stake in Global Partner Acquisition C.

Among 17 analysts covering Carmax Inc (NYSE:KMX), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Carmax Inc had 57 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Susquehanna on Thursday, June 22. The stock of CarMax Inc. (NYSE:KMX) has “Underweight” rating given on Wednesday, February 1 by Morgan Stanley. The stock of CarMax Inc. (NYSE:KMX) has “Buy” rating given on Monday, January 8 by Berenberg. The company was maintained on Monday, September 21 by Oppenheimer. The company was maintained on Friday, April 7 by Susquehanna. RBC Capital Markets maintained the shares of KMX in report on Thursday, August 3 with “Buy” rating. The rating was upgraded by Zacks on Tuesday, August 25 to “Hold”. On Monday, December 21 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. The firm has “Positive” rating by Susquehanna given on Friday, August 26. Goldman Sachs downgraded it to “Hold” rating and $79.0 target in Monday, September 25 report.

Among 10 analysts covering Calumet Specialty Products Partners LP (NASDAQ:CLMT), 2 have Buy rating, 3 Sell and 5 Hold. Therefore 20% are positive. Calumet Specialty Products Partners LP had 31 analyst reports since August 6, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Friday, February 19 by Credit Suisse. The firm earned “Neutral” rating on Friday, November 4 by Credit Suisse. Cowen & Co maintained the stock with “Buy” rating in Thursday, February 18 report. Janney Capital downgraded Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) on Monday, April 18 to “Neutral” rating. The stock of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) has “Outperform” rating given on Thursday, February 18 by RBC Capital Markets. The stock of Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) earned “Mkt Perform” rating by FBR Capital on Friday, September 9. The company was downgraded on Tuesday, September 5 by Wells Fargo. The firm has “Underperform” rating by Raymond James given on Monday, April 18. On Tuesday, October 17 the stock rating was maintained by Cowen & Co with “Hold”. Cowen & Co maintained it with “Hold” rating and $5.0 target in Monday, August 14 report.

Adams Asset Advisors Llc, which manages about $828.72M and $733.52 million US Long portfolio, decreased its stake in Sunoco Lp (NYSE:SUN) by 57,486 shares to 229,217 shares, valued at $7.13M in 2017Q3, according to the filing. It also reduced its holding in Murphy Oil Corp (NYSE:MUR) by 142,117 shares in the quarter, leaving it with 109,222 shares, and cut its stake in Myriad Genetics Inc (NASDAQ:MYGN).

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.33, from 1.55 in 2017Q2. It dived, as 9 investors sold CLMT shares while 14 reduced holdings. 8 funds opened positions while 20 raised stakes. 8.67 million shares or 37.27% more from 6.32 million shares in 2017Q2 were reported. Ontario – Canada-based Manufacturers Life Insur The has invested 0% in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT). Renaissance Technology Ltd Liability Corp reported 515,200 shares stake. Lincoln Natl accumulated 13,684 shares or 0% of the stock. Creative Planning reported 27,606 shares. Ameriprise owns 0% invested in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) for 70,784 shares. Gru One Trading Limited Partnership reported 0% in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT). National Bank Of New York Mellon holds 0% or 34,020 shares. Fifth Third National Bank holds 0% of its portfolio in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) for 25,250 shares. 11,000 are held by Brandes Limited Partnership. Gsa Capital Ptnrs Ltd Liability Partnership reported 361,336 shares. Jpmorgan Chase And holds 8,838 shares. First Allied Advisory Inc owns 14,705 shares for 0.01% of their portfolio. Deutsche Financial Bank Ag has 0% invested in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) for 515,200 shares. Moreover, Jefferies Group Inc Lc has 0% invested in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT) for 27,212 shares. Pnc Ser Group has invested 0% of its portfolio in Calumet Specialty Products Partners, L.P. (NASDAQ:CLMT).

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