Pinnacle Holdings Stake In Jones Energy (JONE) Was Upped; Fayez Sarofim & Company Trimmed Appleinc. (AAPL) Stake by $47.29 Million as Market Valuation Declined

April 17, 2018 - By Stephen Andrade

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Fayez Sarofim & Company decreased its stake in Appleinc. (AAPL) by 5.28% based on its latest 2017Q4 regulatory filing with the SEC. Fayez Sarofim & Company sold 279,829 shares as the company’s stock declined 3.81% with the market. The institutional investor held 5.02M shares of the computer manufacturing company at the end of 2017Q4, valued at $850.17 million, down from 5.30M at the end of the previous reported quarter. Fayez Sarofim & Company who had been investing in Appleinc. for a number of months, seems to be less bullish one the $892.11 billion market cap company. The stock increased 0.62% or $1.09 during the last trading session, reaching $175.82. About 20.26M shares traded. Apple Inc. (NASDAQ:AAPL) has risen 19.49% since April 17, 2017 and is uptrending. It has outperformed by 7.94% the S&P500.

Pinnacle Holdings Llc increased its stake in Jones Energy (JONE) by 104.6% based on its latest 2017Q4 regulatory filing with the SEC. Pinnacle Holdings Llc bought 546 shares as the company’s stock declined 6.11% with the market. The hedge fund held 1,068 shares of the energy company at the end of 2017Q4, valued at $1.18M, up from 522 at the end of the previous reported quarter. Pinnacle Holdings Llc who had been investing in Jones Energy for a number of months, seems to be bullish on the $63.36 million market cap company. The stock increased 6.49% or $0.038 during the last trading session, reaching $0.6233. About 1.08 million shares traded or 6.83% up from the average. Jones Energy, Inc. (NYSE:JONE) has declined 62.44% since April 17, 2017 and is downtrending. It has underperformed by 73.99% the S&P500.

Pinnacle Holdings Llc, which manages about $720.48M and $275.17B US Long portfolio, decreased its stake in Iridium Communications by 1,485 shares to 17,608 shares, valued at $2.27B in 2017Q4, according to the filing. It also reduced its holding in Ameriserv Financial (NASDAQ:ASRV) by 1,059 shares in the quarter, leaving it with 185,714 shares, and cut its stake in Andeavor Logistics.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.30, from 1.11 in 2017Q3. It improved, as 17 investors sold JONE shares while 12 reduced holdings. 13 funds opened positions while 28 raised stakes. 58.00 million shares or 2.73% more from 56.45 million shares in 2017Q3 were reported. Bancshares Of America Corp De owns 42,160 shares for 0% of their portfolio. Morgan Stanley owns 0% invested in Jones Energy, Inc. (NYSE:JONE) for 3.49 million shares. Vanguard Group owns 0% invested in Jones Energy, Inc. (NYSE:JONE) for 3.52M shares. Q Global Advsrs Ltd reported 4.69 million shares or 14.08% of all its holdings. Raymond James Svcs Advsrs holds 629,585 shares or 0% of its portfolio. Geode Cap Mgmt Limited Liability reported 503,514 shares or 0% of all its holdings. Connecticut-based Cubist Systematic Strategies Llc has invested 0% in Jones Energy, Inc. (NYSE:JONE). Magnetar Limited Liability Corp holds 0.01% in Jones Energy, Inc. (NYSE:JONE) or 372,971 shares. 115 were accumulated by Sei Investments Communications. Avalon Advsr Ltd Liability Com accumulated 20,002 shares. Tower Research Cap Ltd (Trc) stated it has 0% in Jones Energy, Inc. (NYSE:JONE). 328,219 are owned by Savings Bank Of New York Mellon. Credit Suisse Ag holds 14,597 shares or 0% of its portfolio. Rhumbline Advisers invested in 43,141 shares. Contrarian Capital Lc, a Connecticut-based fund reported 1.59 million shares.

Among 14 analysts covering Jones Energy Inc (NYSE:JONE), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. Jones Energy Inc had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Wednesday, December 9. The company was downgraded on Tuesday, February 23 by Imperial Capital. Barclays Capital downgraded Jones Energy, Inc. (NYSE:JONE) on Wednesday, August 10 to “Underweight” rating. Seaport Global downgraded Jones Energy, Inc. (NYSE:JONE) on Wednesday, June 21 to “Neutral” rating. The stock has “Hold” rating by Stephens on Tuesday, March 13. As per Friday, December 15, the company rating was downgraded by J.P. Morgan. As per Wednesday, April 27, the company rating was upgraded by Imperial Capital. Imperial Capital maintained the shares of JONE in report on Monday, August 22 with “Outperform” rating. The firm earned “Underweight” rating on Monday, November 20 by Barclays Capital. Seaport Global initiated the stock with “Accumulate” rating in Tuesday, August 30 report.

Since October 17, 2017, it had 0 buys, and 5 selling transactions for $507,205 activity.

Since December 7, 2017, it had 0 insider buys, and 4 selling transactions for $19.89 million activity. 15,641 shares valued at $2.65 million were sold by Riccio Daniel J. on Thursday, December 7.

Fayez Sarofim & Company, which manages about $31.66B and $19.30 billion US Long portfolio, upped its stake in Statestreetcorp (NYSE:STT) by 4,690 shares to 2.81 million shares, valued at $273.87M in 2017Q4, according to the filing. It also increased its holding in Enterpriseproductspartnerslp(Mlp) (NYSE:EPD) by 193,838 shares in the quarter, for a total of 19.73 million shares, and has risen its stake in Royaldutchshellplcadr.

Among 54 analysts covering Apple Inc. (NASDAQ:AAPL), 35 have Buy rating, 1 Sell and 18 Hold. Therefore 65% are positive. Apple Inc. had 394 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Nomura on Friday, March 24 with “Buy”. As per Wednesday, January 27, the company rating was maintained by Argus Research. BTIG Research maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, July 27 with “Buy” rating. Cowen & Co maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, April 27 with “Outperform” rating. The firm has “Buy” rating given on Wednesday, August 2 by UBS. The rating was maintained by UBS with “Buy” on Friday, January 5. RBC Capital Markets maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, October 28 with “Outperform” rating. The firm has “Overweight” rating given on Monday, July 17 by Morgan Stanley. The stock has “Buy” rating by Oppenheimer on Friday, September 4. Rosenblatt maintained Apple Inc. (NASDAQ:AAPL) on Wednesday, August 2 with “Hold” rating.

Analysts await Apple Inc. (NASDAQ:AAPL) to report earnings on May, 1 after the close. They expect $2.71 EPS, up 29.05% or $0.61 from last year’s $2.1 per share. AAPL’s profit will be $13.75B for 16.22 P/E if the $2.71 EPS becomes a reality. After $3.89 actual EPS reported by Apple Inc. for the previous quarter, Wall Street now forecasts -30.33% negative EPS growth.

Apple Inc. (NASDAQ:AAPL) Institutional Positions Chart

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