Providence Svc (PRSC) Shareholder Coliseum Capital Management Decreased Stake; Central Securities Lifted Hess (HES) Stake

April 19, 2018 - By Louis Casey

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Christopher Shackelton decreased its stake in Providence Svc Corp (PRSC) by 15.98% based on its latest 2017Q4 regulatory filing with the SEC. Coliseum Capital Management Llc sold 314,605 shares as the company’s stock rose 16.23% while stock markets declined. The hedge fund run by Christopher Shackelton held 1.65M shares of the transportation services company at the end of 2017Q4, valued at $98.13M, down from 1.97M at the end of the previous reported quarter. Coliseum Capital Management Llc who had been investing in Providence Svc Corp for a number of months, seems to be less bullish one the $1.00 billion market cap company. The stock decreased 0.36% or $0.28 during the last trading session, reaching $77.86. About 13,578 shares traded. The Providence Service Corporation (NASDAQ:PRSC) has risen 56.58% since April 19, 2017 and is uptrending. It has outperformed by 45.03% the S&P500.

Central Securities Corp increased its stake in Hess Corp (HES) by 19.15% based on its latest 2017Q4 regulatory filing with the SEC. Central Securities Corp bought 90,000 shares as the company’s stock rose 6.08% while stock markets declined. The institutional investor held 560,000 shares of the integrated oil company at the end of 2017Q4, valued at $26.58M, up from 470,000 at the end of the previous reported quarter. Central Securities Corp who had been investing in Hess Corp for a number of months, seems to be bullish on the $18.37B market cap company. The stock increased 0.66% or $0.38 during the last trading session, reaching $58.3. About 1.57 million shares traded. Hess Corporation (NYSE:HES) has risen 8.91% since April 19, 2017 and is uptrending. It has underperformed by 2.64% the S&P500.

Central Securities Corp, which manages about $624.32M US Long portfolio, decreased its stake in Keysight Technologies Inc (NYSE:KEYS) by 15,000 shares to 295,000 shares, valued at $12.27M in 2017Q4, according to the filing. It also reduced its holding in Coherent Inc (NASDAQ:COHR) by 14,600 shares in the quarter, leaving it with 340,400 shares, and cut its stake in Jpmorgan Chase & Co (NYSE:JPM).

Since February 8, 2018, it had 11 insider buys, and 15 insider sales for $8.38 million activity. $150,262 worth of Hess Corporation (NYSE:HES) was sold by RIELLY JOHN P on Thursday, February 8. HOLIDAY EDITH E bought 516 shares worth $25,016. Checki Terrence J. had bought 516 shares worth $25,016 on Tuesday, March 6. 1,914 Hess Corporation (NYSE:HES) shares with value of $85,039 were sold by Turner Michael R. On Tuesday, March 6 COLEMAN LEONARD S JR bought $25,016 worth of Hess Corporation (NYSE:HES) or 516 shares. Reynolds Fredric G bought $25,016 worth of stock or 516 shares.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 64 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Hess Corporation (NYSE:HES) earned “Hold” rating by Cowen & Co on Tuesday, July 18. The stock of Hess Corporation (NYSE:HES) has “Equal-Weight” rating given on Wednesday, April 27 by Capital One. Citigroup maintained it with “Buy” rating and $68 target in Monday, September 14 report. The stock has “Neutral” rating by JP Morgan on Monday, January 25. The rating was maintained by Citigroup on Friday, July 21 with “Neutral”. As per Tuesday, January 23, the company rating was maintained by Piper Jaffray. The rating was downgraded by Zacks on Saturday, August 8 to “Buy”. The company was upgraded on Tuesday, April 11 by Wolfe Research. Credit Suisse upgraded the stock to “Outperform” rating in Wednesday, July 22 report. The stock has “Hold” rating by Cowen & Co on Monday, September 25.

Investors sentiment increased to 0.94 in Q4 2017. Its up 0.06, from 0.88 in 2017Q3. It increased, as 45 investors sold HES shares while 161 reduced holdings. 63 funds opened positions while 131 raised stakes. 256.03 million shares or 0.61% more from 254.48 million shares in 2017Q3 were reported. Moreover, Shine Investment Advisory Serv has 0.02% invested in Hess Corporation (NYSE:HES) for 972 shares. The United Kingdom-based Barclays Public Limited Company has invested 0.01% in Hess Corporation (NYSE:HES). Secor Advisors Limited Partnership, New York-based fund reported 47,266 shares. Advisory Network Ltd Com owns 200 shares. 2,855 were reported by Moneta Gru Advsrs Ltd Limited Liability Company. Commonwealth State Bank Of Aus invested in 0% or 353 shares. Solaris Asset Management Lc invested in 12,665 shares. Jabre Sa stated it has 5,000 shares or 0.05% of all its holdings. Clearline Cap Lp has invested 0.25% in Hess Corporation (NYSE:HES). Van Eck Assocs Corp holds 0.01% of its portfolio in Hess Corporation (NYSE:HES) for 49,090 shares. Citigroup invested in 0.04% or 1.10M shares. Jpmorgan Chase & reported 392,354 shares or 0% of all its holdings. Blackrock accumulated 25.76 million shares or 0.06% of the stock. Tudor Inv Corporation Et Al accumulated 12,034 shares. Lmr Partners Limited Liability Partnership owns 8,450 shares for 0.04% of their portfolio.

Since December 8, 2017, it had 0 buys, and 6 sales for $22.43 million activity. KERLEY RICHARD A sold 667 shares worth $47,284. Shackelton David Casey sold 20,533 shares worth $1.43 million. MEINTS KRISTI sold $685,700 worth of The Providence Service Corporation (NASDAQ:PRSC) on Thursday, March 29.

Investors sentiment increased to 1.78 in Q4 2017. Its up 0.98, from 0.8 in 2017Q3. It improved, as 9 investors sold PRSC shares while 37 reduced holdings. 29 funds opened positions while 53 raised stakes. 12.30 million shares or 2.51% less from 12.62 million shares in 2017Q3 were reported. Morgan Stanley, New York-based fund reported 100,680 shares. Qs Invsts Ltd Limited Liability Company holds 197 shares or 0% of its portfolio. Balyasny Asset Management Ltd reported 0% stake. Macquarie Grp Incorporated Ltd has 0% invested in The Providence Service Corporation (NASDAQ:PRSC). Secor Limited Partnership reported 41,514 shares. Metropolitan Life Insur Communication New York has invested 0% in The Providence Service Corporation (NASDAQ:PRSC). Systematic Fincl Mngmt LP reported 24,285 shares stake. Highbridge Cap Mngmt stated it has 3,555 shares. Hbk Invests Lp, Texas-based fund reported 18,866 shares. Thrivent Financial For Lutherans, a Minnesota-based fund reported 7,059 shares. Fmr Limited Liability Company has 98,800 shares. Jpmorgan Chase & owns 35,783 shares or 0% of their US portfolio. Moreover, Jefferies Group has 0% invested in The Providence Service Corporation (NASDAQ:PRSC). Bogle Investment Mngmt LP De stated it has 0.17% of its portfolio in The Providence Service Corporation (NASDAQ:PRSC). Moreover, Great West Life Assurance Can has 0% invested in The Providence Service Corporation (NASDAQ:PRSC).

Among 3 analysts covering The Providence Service Corporation (NASDAQ:PRSC), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. The Providence Service Corporation had 6 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of The Providence Service Corporation (NASDAQ:PRSC) earned “Market Outperform” rating by Avondale on Wednesday, November 2. The stock of The Providence Service Corporation (NASDAQ:PRSC) has “Outperform” rating given on Monday, August 10 by Barrington Research. The rating was initiated by Avondale on Tuesday, October 11 with “Mkt Perform”. Barrington Research maintained the shares of PRSC in report on Tuesday, September 22 with “Outperform” rating. On Thursday, November 10 the stock rating was downgraded by Avondale to “Mkt Perform”.

Hess Corporation (NYSE:HES) Institutional Positions Chart

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