Incline Global Management Has Trimmed Lkq (Call) (LKQ) Stake By $27.81 Million; Tortoise Energy Independence Fund (NDP) Sentiment Is 2.8

June 20, 2017 - By Henry Gaston

Tortoise Energy Independence Fund, Inc. is a non-diversified, closed-end management investment company. The company has market cap of $195.09 million. The Fund’s investment objective is to seek a high level of total return with an emphasis on current distributions. It currently has negative earnings. The Fund invests primarily in equity securities of upstream North American energy companies that engage in the exploration and production of crude oil, condensate, natural gas and natural gas liquids that have a presence in North American gas and oil fields, including shale reservoirs.

Incline Global Management Llc decreased Lkq Corp (Call) (LKQ) stake by 61.92% reported in 2016Q4 SEC filing. Incline Global Management Llc sold 926,929 shares as Lkq Corp (Call) (LKQ)’s stock declined 2.79%. The Incline Global Management Llc holds 570,000 shares with $17.47 million value, down from 1.50 million last quarter. Lkq Corp (Call) now has $10.22B valuation. The stock declined 0.64% or $0.21 reaching $32.69 per share. About 1.05 million shares traded. LKQ Corporation (NASDAQ:LKQ) has declined 1.30% since June 20, 2016 and is downtrending. It has underperformed by 18.00% the S&P500.

Advisors Asset Management Inc. holds 0.13% of its portfolio in Tortoise Energy Independence Fund Inc for 492,748 shares. Sit Investment Associates Inc owns 125,417 shares or 0.05% of their US portfolio. Moreover, Cambridge Investment Research Advisors Inc. has 0.03% invested in the company for 98,309 shares. The Missouri-based Benjamin F. Edwards & Company Inc. has invested 0.02% in the stock. Bb&T Securities Llc, a Virginia-based fund reported 31,640 shares.

About 71,471 shares traded or 27.20% up from the average. Tortoise Energy Independence Fund Inc (NDP) has 0.00% since June 20, 2016 and is . It has underperformed by 16.70% the S&P500.

Since January 17, 2017, it had 1 insider purchase, and 10 insider sales for $4.71 million activity. The insider Ahluwalia Sukhpal S. bought $47,190. Shares for $600,500 were sold by Wagman Robert L. Shares for $269,869 were sold by Quinn John S. $1.56 million worth of stock was sold by ALLEN A CLINTON on Friday, April 28. 20,000 shares valued at $640,214 were sold by Jude Justin L on Thursday, June 1. Shares for $753,025 were sold by CASINI VICTOR M. Another trade for 3,520 shares valued at $111,260 was sold by HOLSTEN JOSEPH M.

Investors sentiment increased to 1.05 in 2016 Q4. Its up 0.11, from 0.94 in 2016Q3. It is positive, as 48 investors sold LKQ shares while 171 reduced holdings. 54 funds opened positions while 177 raised stakes. 267.94 million shares or 0.59% more from 266.36 million shares in 2016Q3 were reported. Ubs Asset Mgmt Americas has invested 0.02% in LKQ Corporation (NASDAQ:LKQ). Teachers Retirement Of The State Of Kentucky holds 0.01% or 36,800 shares. 102,300 are held by Azimuth Cap Mgmt Ltd Liability. Three Peaks Cap Mgmt Ltd Limited Liability Company holds 288,507 shares or 1.37% of its portfolio. Mitsubishi Ufj Tru And Corp holds 755,530 shares. Mai Capital stated it has 7,607 shares. Tiedemann Wealth Mgmt Limited Com holds 54,000 shares. Mawer Invest Management stated it has 3.46M shares or 1.08% of all its holdings. Blackrock Japan Limited reported 0.04% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Shaker Limited Company Oh invested 2.73% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Dnb Asset Mngmt As reported 24,262 shares stake. Fincl Bank Of New York Mellon invested in 0.05% or 5.17 million shares. Capital Management Associate holds 1.14% or 23,725 shares in its portfolio. Ruane Cunniff And Goldfarb stated it has 0.05% of its portfolio in LKQ Corporation (NASDAQ:LKQ). Oak Ridge Invests Limited Liability Company stated it has 1.11% in LKQ Corporation (NASDAQ:LKQ).

Analysts await LKQ Corporation (NASDAQ:LKQ) to report earnings on July, 27. They expect $0.52 earnings per share, down 5.45% or $0.03 from last year’s $0.55 per share. LKQ’s profit will be $162.57 million for 15.72 P/E if the $0.52 EPS becomes a reality. After $0.49 actual earnings per share reported by LKQ Corporation for the previous quarter, Wall Street now forecasts 6.12% EPS growth.

Incline Global Management Llc increased Yahoo Inc (NASDAQ:YHOO) stake by 349,129 shares to 603,129 valued at $23.32 million in 2016Q4. It also upped Yahoo Inc (Call) (NASDAQ:YHOO) stake by 515,600 shares and now owns 769,600 shares. Dollar Gen Corp New (NYSE:DG) was raised too.

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