P2 Capital Partners Lifted Broadsoft (BSFT) Stake By $41.80 Million; Diamondrock Hospitality Co (DRH)’s Sentiment Is 1.33

January 15, 2018 - By Michael Collier

DiamondRock Hospitality Company, a lodging focused real estate company, owns premium hotels and resorts in North America. The company has market cap of $2.33 billion. The firm operates its hotels under the Hilton, Marriott, and Westin brand names in New York, Los Angeles, Chicago, Boston, and Atlanta; and in destination resort locations, such as the United States Virgin Islands and Colorado. It has a 25.8 P/E ratio. As of December 16, 2011, it owned 26 hotels with approximately 12000 rooms.

P2 Capital Partners Llc increased Broadsoft Inc (BSFT) stake by 59.11% reported in 2017Q3 SEC filing. P2 Capital Partners Llc acquired 835,919 shares as Broadsoft Inc (BSFT)’s stock declined 14.92%. The P2 Capital Partners Llc holds 2.25 million shares with $113.18 million value, up from 1.41 million last quarter. Broadsoft Inc now has $1.74B valuation. The stock decreased 0.09% or $0.05 during the last trading session, reaching $54.85. About 451,356 shares traded. BroadSoft, Inc. (NASDAQ:BSFT) has declined 7.18% since January 15, 2017 and is downtrending. It has underperformed by 23.88% the S&P500.

Resolution Capital Ltd holds 3.65% of its portfolio in DiamondRock Hospitality Company for 7.23 million shares. Green Street Investors Llc owns 240,700 shares or 1.59% of their US portfolio. Moreover, Mesirow Financial Investment Management has 1.06% invested in the company for 1.47 million shares. The Texas-based Smith Graham & Co. Investment Advisors Lp has invested 0.98% in the stock. Cbre Clarion Securities Llc, a Pennsylvania-based fund reported 6.09 million shares.

Since January 1, 0001, it had 0 buys, and 1 sale for $67,200 activity.

Analysts await DiamondRock Hospitality Company (NYSE:DRH) to report earnings on February, 28. They expect $0.23 EPS, down 4.17% or $0.01 from last year’s $0.24 per share. DRH’s profit will be $46.08M for 12.62 P/E if the $0.23 EPS becomes a reality. After $0.25 actual EPS reported by DiamondRock Hospitality Company for the previous quarter, Wall Street now forecasts -8.00% negative EPS growth.

Ratings analysis reveals 0 of Diamondrock Hospitality’s analysts are positive. Out of 3 Wall Street analysts rating Diamondrock Hospitality, 0 give it “Buy”, 1 “Sell” rating, while 2 recommend “Hold”. The lowest target is $11.0 while the high is $12.0. The stock’s average target of $11.50 is -0.95% below today’s ($11.61) share price. DRH was included in 3 notes of analysts from September 26, 2016. Morgan Stanley downgraded the stock to “Underweight” rating in Monday, September 26 report. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Neutral” rating given on Wednesday, December 14 by Instinet. The stock of DiamondRock Hospitality Company (NYSE:DRH) has “Neutral” rating given on Monday, April 10 by Goldman Sachs.

The stock decreased 0.09% or $0.01 during the last trading session, reaching $11.61. About 1.76 million shares traded. DiamondRock Hospitality Company (DRH) has risen 33.29% since January 15, 2017 and is uptrending. It has outperformed by 16.59% the S&P500.

P2 Capital Partners Llc decreased Netscout Sys Inc (NASDAQ:NTCT) stake by 651,333 shares to 1.95M valued at $63.06 million in 2017Q3. It also reduced Cott Corp Que (NYSE:COT) stake by 1.84M shares and now owns 2.64M shares. Acadia Healthcare Company In (NASDAQ:ACHC) was reduced too.

Since August 30, 2017, it had 0 insider purchases, and 6 sales for $1.94 million activity. On Wednesday, August 30 Hoffpauir Scott D. sold $640,512 worth of BroadSoft, Inc. (NASDAQ:BSFT) or 13,344 shares. Shares for $144,000 were sold by Markley John D. Jr. on Wednesday, August 30.

Investors sentiment decreased to 0.96 in 2017 Q3. Its down 0.03, from 0.99 in 2017Q2. It is negative, as 17 investors sold BSFT shares while 57 reduced holdings. 27 funds opened positions while 44 raised stakes. 33.56 million shares or 3.91% less from 34.92 million shares in 2017Q2 were reported. Tealwood Asset Mgmt has invested 1.18% in BroadSoft, Inc. (NASDAQ:BSFT). Sterling Cap Limited Com holds 39,383 shares or 0.02% of its portfolio. 391,056 were accumulated by Northern Corp. Stifel Fin has 0% invested in BroadSoft, Inc. (NASDAQ:BSFT). Cwm Limited Liability Company reported 36,776 shares or 0.09% of all its holdings. Barclays Public Limited Liability Com holds 0% or 5,235 shares. Nationwide Fund holds 17,082 shares. Nomura Hldg Inc reported 316,796 shares. Illinois-based Citadel Advisors Limited Company has invested 0.02% in BroadSoft, Inc. (NASDAQ:BSFT). Brinker Cap invested 0.02% in BroadSoft, Inc. (NASDAQ:BSFT). Schwab Charles Investment Management Incorporated holds 0.01% or 148,199 shares in its portfolio. Comml Bank Of Nova Scotia accumulated 100,700 shares. Jane Street Grp Incorporated Limited Liability Corporation holds 6,884 shares or 0% of its portfolio. Ahl Ptnrs Ltd Liability Partnership owns 16,203 shares or 0.01% of their US portfolio. Empyrean Cap Limited Partnership has invested 0.41% in BroadSoft, Inc. (NASDAQ:BSFT).

Among 11 analysts covering Broadsoft (NASDAQ:BSFT), 4 have Buy rating, 0 Sell and 7 Hold. Therefore 36% are positive. Broadsoft had 30 analyst reports since November 5, 2015 according to SRatingsIntel. Wells Fargo upgraded the stock to “Outperform” rating in Wednesday, January 20 report. The firm has “Hold” rating given on Friday, November 17 by Northland Capital. Cowen & Co maintained BroadSoft, Inc. (NASDAQ:BSFT) rating on Friday, September 1. Cowen & Co has “Buy” rating and $51.0 target. The rating was maintained by Needham on Tuesday, November 1 with “Buy”. Robert W. Baird maintained the shares of BSFT in report on Tuesday, August 8 with “Neutral” rating. Jefferies maintained BroadSoft, Inc. (NASDAQ:BSFT) on Tuesday, August 2 with “Buy” rating. Needham maintained BroadSoft, Inc. (NASDAQ:BSFT) rating on Tuesday, September 5. Needham has “Buy” rating and $55.0 target. Robert W. Baird maintained the stock with “Hold” rating in Thursday, October 19 report. The stock of BroadSoft, Inc. (NASDAQ:BSFT) has “Buy” rating given on Wednesday, June 14 by William Blair. The rating was maintained by William Blair on Wednesday, May 31 with “Buy”.

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