Quanta Svcs (PWR) Stake Held by Southport Management Llc; Molson Coors Brewing Co (Put) (TAP) Shareholder Jane Street Group Has Trimmed Its Stake as Share Value Declined

June 20, 2018 - By Migdalia James

Quanta Services, Inc. (NYSE:PWR) Logo

Southport Management Llc increased its stake in Quanta Svcs Inc (PWR) by 33.33% based on its latest 2018Q1 regulatory filing with the SEC. Southport Management Llc bought 10,000 shares as the company’s stock declined 0.20% with the market. The institutional investor held 40,000 shares of the capital goods company at the end of 2018Q1, valued at $1.37 million, up from 30,000 at the end of the previous reported quarter. Southport Management Llc who had been investing in Quanta Svcs Inc for a number of months, seems to be bullish on the $5.32B market cap company. The stock increased 0.17% or $0.06 during the last trading session, reaching $35.47. About 322,200 shares traded. Quanta Services, Inc. (NYSE:PWR) has risen 14.77% since June 20, 2017 and is uptrending. It has outperformed by 2.20% the S&P500. Some Historical PWR News: 03/05/2018 – Quanta Services Sees 2018 Adj EPS $2.55-Adj EPS $2.95; 16/05/2018 – Quanta Services Rises for 10 Days; Tied for Longest Rally; 10/05/2018 – Quanta Computer April Sales Rise 0.1% Y/y (Table); 03/05/2018 – QUANTA SERVICES INC PWR.N SEES FY 2018 SHR $2.07 TO $2.47; 25/04/2018 – ASETEK RECEIVES CONFIRMATION OF HPC AWARD FROM QUANTA COMPUTER; 03/05/2018 – Quanta Services 1Q Net $37.6M; 27/03/2018 – FDA: Inova Diagnostics Incorporated- QUANTA-Lyser 240 IFA, Part #GS0242. The instrument is a fully automated, high-throughput,; 10/04/2018 – Quanta Computer Inc. Mar Rev NT$71.85B; 03/05/2018 – Quanta Services 1Q EPS 24c; 03/05/2018 – Quanta Services 1Q Adj EPS 40c

Jane Street Group Llc decreased its stake in Molson Coors Brewing Co (Put) (TAP) by 71.36% based on its latest 2018Q1 regulatory filing with the SEC. Jane Street Group Llc sold 23,666 shares as the company’s stock declined 21.17% with the market. The institutional investor held 9,500 shares of the beverages (production and distribution) company at the end of 2018Q1, valued at $716,000, down from 33,166 at the end of the previous reported quarter. Jane Street Group Llc who had been investing in Molson Coors Brewing Co (Put) for a number of months, seems to be less bullish one the $14.57 billion market cap company. The stock decreased 0.16% or $0.11 during the last trading session, reaching $67.51. About 358,095 shares traded. Molson Coors Brewing Company (NYSE:TAP) has declined 35.10% since June 20, 2017 and is downtrending. It has underperformed by 47.67% the S&P500. Some Historical TAP News: 30/04/2018 – Fidelity Mid Cap Value Adds Molson Coors, Cuts Spirit Aero; 11/05/2018 – “Mad Money” host Jim Cramer weighs Michael Kors against Molson Coors and uses the drastically different companies to teach an investing lesson; 15/05/2018 – Ivy Adds Dollar Tree, Exits Molson Coors, Cuts Microsemi: 13F; 02/05/2018 – Molson Coors 1Q Adj EPS 48c; 02/05/2018 – Molson Coors Sees 2018 Capital Spending $670 Million, Plus or Minus 10%; 02/05/2018 – US beer buzzkill sends Molson Coors to 4-year low; 11/05/2018 – Michael Kors and Molson Coors are drastically different, but in a key way. @JimCramer breaks it down; 24/05/2018 – Molson Coors Brewing Company June Investor Events; 02/05/2018 – Molson Coors Sees Underlying Effective Tax Rate in the Range of 18%-22 % for 2018; 02/05/2018 – MOLSON COORS 2018 TARGETS UNCHANGED

Among 15 analysts covering Quanta Services Inc. (NYSE:PWR), 12 have Buy rating, 0 Sell and 3 Hold. Therefore 80% are positive. Quanta Services Inc. had 51 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by FBR Capital on Monday, November 9 with “Mkt Perform”. Stephens maintained it with “Buy” rating and $49.0 target in Wednesday, January 31 report. Stifel Nicolaus maintained it with “Buy” rating and $4300 target in Friday, July 7 report. FBR Capital maintained Quanta Services, Inc. (NYSE:PWR) on Monday, February 26 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Friday, August 18. The company was maintained on Monday, November 27 by KeyBanc Capital Markets. The stock of Quanta Services, Inc. (NYSE:PWR) has “Hold” rating given on Tuesday, January 5 by Stifel Nicolaus. FBR Capital maintained the stock with “Mkt Perform” rating in Friday, May 6 report. The rating was maintained by Stifel Nicolaus on Friday, September 23 with “Buy”. Robert W. Baird maintained it with “Hold” rating and $42.0 target in Wednesday, January 3 report.

Jane Street Group Llc, which manages about $38.66 billion US Long portfolio, upped its stake in Liberty Global Plc (NASDAQ:LBTYA) by 33,903 shares to 40,728 shares, valued at $1.28M in 2018Q1, according to the filing. It also increased its holding in Powershares Etf Trust (SPHQ) by 45,399 shares in the quarter, for a total of 55,864 shares, and has risen its stake in Leucadia Natl Corp (Put) (NYSE:LUK).

Investors sentiment increased to 1.39 in Q1 2018. Its up 0.28, from 1.11 in 2017Q4. It improved, as 52 investors sold TAP shares while 119 reduced holdings. 75 funds opened positions while 163 raised stakes. 156.05 million shares or 1.86% less from 159.01 million shares in 2017Q4 were reported. Bb&T Securities Ltd Liability stated it has 0% of its portfolio in Molson Coors Brewing Company (NYSE:TAP). San Francisco Sentry Invest Grp (Ca) reported 55 shares or 0% of all its holdings. Fjarde Ap holds 0.06% or 48,896 shares in its portfolio. Rhumbline Advisers holds 330,485 shares. Dekabank Deutsche Girozentrale reported 0.05% in Molson Coors Brewing Company (NYSE:TAP). Cornercap Invest Counsel stated it has 0.37% in Molson Coors Brewing Company (NYSE:TAP). Teacher Retirement Of Texas has 0.05% invested in Molson Coors Brewing Company (NYSE:TAP). Guardian Life Ins Of America invested 0.01% in Molson Coors Brewing Company (NYSE:TAP). Daiwa Securities Grp Inc stated it has 0% in Molson Coors Brewing Company (NYSE:TAP). Private Advisor Gp Lc holds 0.01% or 4,624 shares in its portfolio. Da Davidson & has 0.01% invested in Molson Coors Brewing Company (NYSE:TAP) for 6,255 shares. Amundi Pioneer Asset Management has invested 0.02% in Molson Coors Brewing Company (NYSE:TAP). Sun Life Fincl accumulated 63 shares. Bnp Paribas Arbitrage holds 177,200 shares. Cibc World reported 43,685 shares.

Analysts await Molson Coors Brewing Company (NYSE:TAP) to report earnings on August, 1. They expect $1.93 EPS, up 16.27% or $0.27 from last year’s $1.66 per share. TAP’s profit will be $416.48M for 8.74 P/E if the $1.93 EPS becomes a reality. After $0.48 actual EPS reported by Molson Coors Brewing Company for the previous quarter, Wall Street now forecasts 302.08% EPS growth.

Since January 16, 2018, it had 0 insider buys, and 4 insider sales for $5.05 million activity. 2,070 shares were sold by Hunter Mark, worth $126,800 on Wednesday, May 2. Shares for $4.73M were sold by COORS PETER H on Tuesday, January 16. Anand Krishnan also sold $184,861 worth of Molson Coors Brewing Company (NYSE:TAP) shares.

Among 16 analysts covering Molson Coors Brewing Company (NYSE:TAP), 7 have Buy rating, 0 Sell and 9 Hold. Therefore 44% are positive. Molson Coors Brewing Company had 60 analyst reports since August 7, 2015 according to SRatingsIntel. Citigroup maintained Molson Coors Brewing Company (NYSE:TAP) on Thursday, April 5 with “Buy” rating. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Buy” rating given on Friday, June 2 by Susquehanna. The stock of Molson Coors Brewing Company (NYSE:TAP) has “Hold” rating given on Thursday, May 17 by Stifel Nicolaus. On Monday, January 23 the stock rating was initiated by Credit Suisse with “Neutral”. The company was upgraded on Friday, July 8 by Bryan Garnier & Cie. On Saturday, August 8 the stock rating was upgraded by Zacks to “Hold”. Citigroup upgraded Molson Coors Brewing Company (NYSE:TAP) on Friday, July 29 to “Buy” rating. Societe Generale upgraded Molson Coors Brewing Company (NYSE:TAP) on Monday, September 21 to “Buy” rating. The rating was maintained by Cowen & Co with “Hold” on Tuesday, August 22. The rating was upgraded by Credit Suisse to “Outperform” on Monday, February 12.

Molson Coors Brewing Company (NYSE:TAP) Institutional Positions Chart

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