Caseys Gen Stores (CASY) Shareholder Ellington Management Group Lowered Its Holding as Stock Value Declined; Amc Entmt Hldgs (AMC) Holding Has Boosted by Pinnacle Associates Ltd

April 17, 2018 - By Dolores Ford

AMC Entertainment Holdings, Inc. (NYSE:AMC) Logo

Mike Vranos decreased its stake in Caseys Gen Stores Inc (CASY) by 49.32% based on its latest 2017Q4 regulatory filing with the SEC. Ellington Management Group Llc sold 10,900 shares as the company’s stock declined 3.49% with the market. The hedge fund run by Mike Vranos held 11,200 shares of the consumer durables company at the end of 2017Q4, valued at $1.25 million, down from 22,100 at the end of the previous reported quarter. Ellington Management Group Llc who had been investing in Caseys Gen Stores Inc for a number of months, seems to be less bullish one the $3.85 billion market cap company. The stock increased 0.72% or $0.74 during the last trading session, reaching $102.6. About 129,657 shares traded. Casey's General Stores, Inc. (NASDAQ:CASY) has declined 3.24% since April 17, 2017 and is downtrending. It has underperformed by 14.79% the S&P500.

Pinnacle Associates Ltd increased its stake in Amc Entmt Hldgs Inc (AMC) by 131.34% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Associates Ltd bought 37,423 shares as the company’s stock declined 8.72% with the market. The institutional investor held 65,916 shares of the consumer services company at the end of 2017Q4, valued at $995,000, up from 28,493 at the end of the previous reported quarter. Pinnacle Associates Ltd who had been investing in Amc Entmt Hldgs Inc for a number of months, seems to be bullish on the $2.24 billion market cap company. The stock increased 2.04% or $0.35 during the last trading session, reaching $17.5. About 500,616 shares traded. AMC Entertainment Holdings, Inc. (NYSE:AMC) has declined 55.84% since April 17, 2017 and is downtrending. It has underperformed by 67.39% the S&P500.

Pinnacle Associates Ltd, which manages about $6.31B and $5.20B US Long portfolio, decreased its stake in Edgewell Pers Care Co by 16,415 shares to 32,161 shares, valued at $1.91M in 2017Q4, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 8,822 shares in the quarter, leaving it with 41,960 shares, and cut its stake in Advance Auto Parts Inc (NYSE:AAP).

Among 17 analysts covering AMC Entertainment (NYSE:AMC), 10 have Buy rating, 1 Sell and 6 Hold. Therefore 59% are positive. AMC Entertainment had 65 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of AMC Entertainment Holdings, Inc. (NYSE:AMC) earned “Hold” rating by William Blair on Monday, March 5. The rating was initiated by Credit Suisse on Friday, February 5 with “Outperform”. The rating was downgraded by Credit Suisse to “Neutral” on Wednesday, February 1. The firm has “Buy” rating given on Tuesday, February 6 by FBR Capital. As per Thursday, September 28, the company rating was maintained by Credit Suisse. The firm has “Outperform” rating given on Thursday, May 12 by FBR Capital. Wedbush maintained the stock with “Buy” rating in Wednesday, November 1 report. The firm has “Buy” rating given on Thursday, November 17 by Benchmark. On Tuesday, November 7 the stock rating was maintained by Credit Suisse with “Underperform”. The company was maintained on Wednesday, November 18 by Topeka Capital Markets.

Investors sentiment decreased to 0.91 in 2017 Q4. Its down 0.41, from 1.32 in 2017Q3. It is negative, as 31 investors sold AMC shares while 50 reduced holdings. 30 funds opened positions while 44 raised stakes. 52.03 million shares or 7.10% less from 56.01 million shares in 2017Q3 were reported. Sg Americas Secs Ltd Llc reported 71,990 shares. 1492 Cap Mgmt Ltd Liability Corporation accumulated 53,456 shares. Sentry Investments invested 0.01% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC). Oberweis Asset Mngmt invested 0.43% in AMC Entertainment Holdings, Inc. (NYSE:AMC). Ksa Mngmt Limited Liability Com reported 0.29% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC). Susquehanna Int Grp Llp invested in 0.01% or 1.07 million shares. Bank Of America Corp De holds 0% or 276,128 shares. Hsbc Public Ltd accumulated 56,899 shares or 0% of the stock. Swiss Financial Bank has invested 0% in AMC Entertainment Holdings, Inc. (NYSE:AMC). New York-based Steinberg Asset Limited Liability Company has invested 0.27% in AMC Entertainment Holdings, Inc. (NYSE:AMC). First Tru Advisors LP owns 106,053 shares. Barclays Public Ltd Co stated it has 11,900 shares or 0% of all its holdings. Baupost Group Ltd Liability Corp Ma stated it has 0.75% of its portfolio in AMC Entertainment Holdings, Inc. (NYSE:AMC). State Common Retirement Fund owns 498,012 shares or 0.01% of their US portfolio. Manufacturers Life Ins Communication The reported 43,660 shares.

Ellington Management Group Llc, which manages about $12.47B and $611.59 million US Long portfolio, upped its stake in Eog Res Inc (NYSE:EOG) by 4,100 shares to 7,400 shares, valued at $799,000 in 2017Q4, according to the filing. It also increased its holding in American Axle & Mfg Hldgs In (NYSE:AXL) by 48,242 shares in the quarter, for a total of 75,769 shares, and has risen its stake in Helmerich & Payne Inc (NYSE:HP).

Among 14 analysts covering Casey’s General Stores (NASDAQ:CASY), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Casey’s General Stores had 61 analyst reports since August 18, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, June 6 by RBC Capital Markets. As per Wednesday, June 29, the company rating was upgraded by Goldman Sachs. BMO Capital Markets maintained the shares of CASY in report on Friday, March 9 with “Market Perform” rating. The stock of Casey's General Stores, Inc. (NASDAQ:CASY) has “Buy” rating given on Wednesday, August 26 by Zacks. The stock of Casey's General Stores, Inc. (NASDAQ:CASY) earned “Buy” rating by Stephens on Friday, January 12. Wells Fargo maintained the stock with “Hold” rating in Thursday, January 4 report. The stock has “Hold” rating by RBC Capital Markets on Monday, August 28. The rating was maintained by RBC Capital Markets with “Hold” on Friday, September 29. The firm has “Hold” rating by Deutsche Bank given on Thursday, September 10. The company was maintained on Tuesday, November 17 by RBC Capital Markets.

Analysts await Casey's General Stores, Inc. (NASDAQ:CASY) to report earnings on June, 4. They expect $0.80 earnings per share, up 5.26% or $0.04 from last year’s $0.76 per share. CASY’s profit will be $30.03 million for 32.06 P/E if the $0.80 EPS becomes a reality. After $0.48 actual earnings per share reported by Casey's General Stores, Inc. for the previous quarter, Wall Street now forecasts 66.67% EPS growth.

Since March 8, 2018, it had 2 insider purchases, and 2 insider sales for $437,587 activity. HANDLEY TERRY W also sold $148,495 worth of Casey's General Stores, Inc. (NASDAQ:CASY) shares. Another trade for 1,000 shares valued at $108,850 was sold by Walljasper William J. LENHARDT DAVID K also bought $255,852 worth of Casey's General Stores, Inc. (NASDAQ:CASY) shares.

Casey's General Stores, Inc. (NASDAQ:CASY) Institutional Positions Chart

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