Gideon Capital Advisors Has Increased Holding in Hcp (HCP) as Market Value Rose; Borgwarner (BWA) Shareholder Turtle Creek Asset Management Lowered Stake as Shares Declined

January 14, 2018 - By Nellie Frank

Turtle Creek Asset Management Inc decreased its stake in Borgwarner Inc (BWA) by 35.38% based on its latest 2017Q3 regulatory filing with the SEC. Turtle Creek Asset Management Inc sold 630,150 shares as the company’s stock declined 4.67% while stock markets rallied. The institutional investor held 1.15M shares of the o.e.m. company at the end of 2017Q3, valued at $58.97 million, down from 1.78 million at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Borgwarner Inc for a number of months, seems to be less bullish one the $12.07 billion market cap company. The stock increased 2.36% or $1.32 during the last trading session, reaching $57.23. About 2.35 million shares traded or 67.67% up from the average. BorgWarner Inc. (NYSE:BWA) has risen 25.00% since January 14, 2017 and is uptrending. It has outperformed by 8.30% the S&P500.

Gideon Capital Advisors Inc increased its stake in Hcp Inc (HCP) by 274.14% based on its latest 2017Q3 regulatory filing with the SEC. Gideon Capital Advisors Inc bought 21,473 shares as the company’s stock rose 2.09% with the market. The hedge fund held 29,306 shares of the consumer services company at the end of 2017Q3, valued at $816,000, up from 7,833 at the end of the previous reported quarter. Gideon Capital Advisors Inc who had been investing in Hcp Inc for a number of months, seems to be bullish on the $11.18 billion market cap company. The stock decreased 2.19% or $0.53 during the last trading session, reaching $23.64. About 5.10M shares traded or 36.69% up from the average. HCP, Inc. (NYSE:HCP) has risen 8.01% since January 14, 2017 and is uptrending. It has underperformed by 8.69% the S&P500.

Analysts await BorgWarner Inc. (NYSE:BWA) to report earnings on February, 8. They expect $1.01 earnings per share, up 18.82% or $0.16 from last year’s $0.85 per share. BWA’s profit will be $212.94M for 14.17 P/E if the $1.01 EPS becomes a reality. After $0.95 actual earnings per share reported by BorgWarner Inc. for the previous quarter, Wall Street now forecasts 6.32% EPS growth.

Among 23 analysts covering Borgwarner Inc. (NYSE:BWA), 6 have Buy rating, 4 Sell and 13 Hold. Therefore 26% are positive. Borgwarner Inc. had 68 analyst reports since August 3, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 11 by RBC Capital Markets. The firm has “Buy” rating given on Tuesday, August 18 by UBS. On Monday, January 8 the stock rating was maintained by Guggenheim with “Hold”. The firm earned “Neutral” rating on Thursday, October 19 by Buckingham Research. The firm earned “Neutral” rating on Thursday, October 6 by Goldman Sachs. The stock of BorgWarner Inc. (NYSE:BWA) has “Neutral” rating given on Tuesday, June 21 by Bank of America. KeyBanc Capital Markets maintained it with “Buy” rating and $60.0 target in Thursday, October 26 report. KeyBanc Capital Markets maintained BorgWarner Inc. (NYSE:BWA) on Friday, October 13 with “Buy” rating. The stock has “Neutral” rating by Citigroup on Tuesday, March 29. Evercore downgraded the shares of BWA in report on Wednesday, January 4 to “Hold” rating.

Turtle Creek Asset Management Inc, which manages about $1.01B US Long portfolio, upped its stake in Alliance Data Systems Corp (NYSE:ADS) by 251,800 shares to 259,250 shares, valued at $57.44M in 2017Q3, according to the filing. It also increased its holding in Tjx Companies Inc (NYSE:TJX) by 92,000 shares in the quarter, for a total of 799,350 shares, and has risen its stake in Service Corp International (NYSE:SCI).

Since August 16, 2017, it had 0 buys, and 4 sales for $2.73 million activity. CALAWAY TONIT M sold $134,985 worth of stock or 3,000 shares. Wiegert Joel had sold 1,400 shares worth $73,295 on Monday, December 18. Ericson Brady D had sold 11,052 shares worth $501,531 on Wednesday, August 16.

Investors sentiment increased to 1.01 in 2017 Q3. Its up 0.12, from 0.89 in 2017Q2. It improved, as 25 investors sold BWA shares while 176 reduced holdings. 79 funds opened positions while 125 raised stakes. 195.75 million shares or 4.13% more from 187.99 million shares in 2017Q2 were reported. Rhumbline Advisers has invested 0.04% of its portfolio in BorgWarner Inc. (NYSE:BWA). Twin Tree Limited Partnership reported 3,345 shares. 100,446 were reported by Montag A And. Nikko Asset Americas reported 0.01% in BorgWarner Inc. (NYSE:BWA). Virtus Invest Advisers accumulated 58,091 shares or 0.31% of the stock. Hartford Investment Mngmt Co has invested 0.04% in BorgWarner Inc. (NYSE:BWA). Freestone Capital Llc has invested 0.07% in BorgWarner Inc. (NYSE:BWA). Jupiter Asset Limited reported 259,603 shares. Westover Capital Advsr Limited Liability Co invested in 12,436 shares. New Mexico Educational Retirement Board reported 18,500 shares stake. Gulf Intll Natl Bank (Uk) Ltd has 0.05% invested in BorgWarner Inc. (NYSE:BWA). Raymond James Services Advsr accumulated 20,411 shares or 0.01% of the stock. Riverhead Capital Management Limited Liability Corporation reported 0.05% in BorgWarner Inc. (NYSE:BWA). Moreover, Kentucky Retirement Trust Fund has 0.05% invested in BorgWarner Inc. (NYSE:BWA) for 5,275 shares. Voloridge Invest Management Ltd Llc stated it has 6,171 shares.

Investors sentiment decreased to 0.85 in 2017 Q3. Its down 0.38, from 1.23 in 2017Q2. It dived, as 54 investors sold HCP shares while 188 reduced holdings. 43 funds opened positions while 163 raised stakes. 411.39 million shares or 0.00% less from 411.39 million shares in 2017Q2 were reported. Webster Bankshares N A, a Connecticut-based fund reported 11,826 shares. Forward Mgmt Lc holds 0.08% or 24,500 shares in its portfolio. Everence Cap Management has invested 0.06% in HCP, Inc. (NYSE:HCP). Stadion Money Ltd Company has invested 0.02% in HCP, Inc. (NYSE:HCP). Ing Groep Nv holds 142,382 shares. Ny State Common Retirement Fund stated it has 1.05M shares or 0.04% of all its holdings. Tru Company Of Vermont holds 0.25% of its portfolio in HCP, Inc. (NYSE:HCP) for 92,022 shares. Kempen Cap Mgmt Nv holds 312,336 shares or 0.67% of its portfolio. Advisory Services Ltd Llc owns 4,028 shares. Rhumbline Advisers holds 904,617 shares. Transamerica Fincl invested in 50 shares. 50,235 were accumulated by Exane Derivatives. 483,815 were reported by National Pension Ser. Moreover, Glenmede Tru Co Na has 0% invested in HCP, Inc. (NYSE:HCP). Manufacturers Life The stated it has 515,472 shares or 0.02% of all its holdings.

Among 20 analysts covering HCP (NYSE:HCP), 5 have Buy rating, 1 Sell and 14 Hold. Therefore 25% are positive. HCP had 69 analyst reports since September 8, 2015 according to SRatingsIntel. The rating was upgraded by JP Morgan to “Overweight” on Friday, December 15. BMO Capital Markets maintained HCP, Inc. (NYSE:HCP) on Tuesday, August 1 with “Hold” rating. Evercore upgraded the shares of HCP in report on Monday, March 27 to “In-Line” rating. Morgan Stanley downgraded it to “Underweight” rating and $32 target in Wednesday, June 22 report. As per Monday, August 28, the company rating was maintained by Jefferies. The firm has “Hold” rating by Bank of America given on Friday, September 22. JP Morgan maintained HCP, Inc. (NYSE:HCP) rating on Tuesday, March 15. JP Morgan has “Neutral” rating and $35 target. Jefferies maintained HCP, Inc. (NYSE:HCP) on Thursday, July 13 with “Hold” rating. RBC Capital Markets maintained the shares of HCP in report on Monday, September 11 with “Hold” rating. The stock has “Underperform” rating by Jefferies on Tuesday, January 12.

Gideon Capital Advisors Inc, which manages about $340.51M and $101.43 million US Long portfolio, decreased its stake in Seagate Technology Plc (NASDAQ:STX) by 9,172 shares to 15,183 shares, valued at $504,000 in 2017Q3, according to the filing. It also reduced its holding in Delphi Automotive Plc (NYSE:DLPH) by 5,555 shares in the quarter, leaving it with 2,165 shares, and cut its stake in Entergy Corp New (NYSE:ETR).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.



Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: