Sl Green Rlty (SLG) Market Valuation Declined While Brookfield Asset Management Has Cut Stake; As Fedex (FDX) Shares Declined, 12Th Street Asset Management Company Raised Position by $1.45 Million

April 24, 2018 - By Kurt Siggers

FedEx Corporation (NYSE:FDX) Logo

Brookfield Asset Management Inc decreased its stake in Sl Green Rlty Corp (SLG) by 1.24% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc sold 21,300 shares as the company’s stock declined 5.08% with the market. The hedge fund held 1.70M shares of the real estate investment trusts company at the end of 2017Q4, valued at $171.29 million, down from 1.72M at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Sl Green Rlty Corp for a number of months, seems to be less bullish one the $8.97 billion market cap company. The stock decreased 0.68% or $0.65 during the last trading session, reaching $95.57. About 126,424 shares traded. SL Green Realty Corp. (NYSE:SLG) has declined 10.01% since April 24, 2017 and is downtrending. It has underperformed by 21.56% the S&P500.

12Th Street Asset Management Company Llc increased its stake in Fedex Corp (FDX) by 4.69% based on its latest 2017Q4 regulatory filing with the SEC. 12Th Street Asset Management Company Llc bought 5,841 shares as the company’s stock declined 6.15% with the market. The institutional investor held 130,375 shares of the air freight and delivery services company at the end of 2017Q4, valued at $32.53 million, up from 124,534 at the end of the previous reported quarter. 12Th Street Asset Management Company Llc who had been investing in Fedex Corp for a number of months, seems to be bullish on the $67.28 billion market cap company. The stock increased 1.19% or $2.97 during the last trading session, reaching $251.79. About 271,425 shares traded. FedEx Corporation (NYSE:FDX) has risen 25.45% since April 24, 2017 and is uptrending. It has outperformed by 13.90% the S&P500.

Investors sentiment increased to 1.21 in 2017 Q4. Its up 0.14, from 1.07 in 2017Q3. It improved, as 45 investors sold FDX shares while 366 reduced holdings. 137 funds opened positions while 361 raised stakes. 193.75 million shares or 3.04% less from 199.84 million shares in 2017Q3 were reported. Baldwin Investment Mngmt Limited Liability has 4,427 shares. Boys Arnold And Com holds 0.36% in FedEx Corporation (NYSE:FDX) or 9,627 shares. Train Babcock Advsrs Ltd Liability Co reported 15,765 shares stake. Adirondack Trust invested in 647 shares or 0.12% of the stock. Bp Public Limited Company stated it has 0.25% of its portfolio in FedEx Corporation (NYSE:FDX). Bokf Na holds 0.21% or 30,267 shares in its portfolio. Dodge Cox invested in 10.69M shares. High Pointe Ltd Limited Liability Company holds 6,950 shares or 2.37% of its portfolio. Barclays Public Ltd Liability Co has invested 0.06% in FedEx Corporation (NYSE:FDX). 1,500 are held by Birinyi Assocs Incorporated. First Interstate Fincl Bank accumulated 1.55% or 29,187 shares. Joel Isaacson Limited Co invested in 0.05% or 1,055 shares. Prentiss Smith Com Inc owns 0.21% invested in FedEx Corporation (NYSE:FDX) for 1,747 shares. Churchill Management Corporation owns 0.07% invested in FedEx Corporation (NYSE:FDX) for 13,512 shares. Neville Rodie & Shaw Inc accumulated 32,118 shares.

Since October 26, 2017, it had 1 insider purchase, and 4 selling transactions for $45.54 million activity. BRONCZEK DAVID J sold $11.89M worth of stock or 46,555 shares. The insider SCHWAB SUSAN C bought $19,837. Maier Henry J also sold $2.55M worth of FedEx Corporation (NYSE:FDX) on Thursday, October 26. 124,000 shares were sold by SMITH FREDERICK W, worth $31.74 million. $1.12M worth of stock was sold by WALSH PAUL S on Wednesday, April 18.

Among 37 analysts covering FedEx (NYSE:FDX), 26 have Buy rating, 1 Sell and 10 Hold. Therefore 70% are positive. FedEx had 116 analyst reports since August 14, 2015 according to SRatingsIntel. The company was maintained on Friday, August 14 by Citigroup. The stock has “Buy” rating by Stifel Nicolaus on Thursday, March 17. The firm has “Buy” rating given on Wednesday, September 21 by Stifel Nicolaus. The stock has “Outperform” rating by Cowen & Co on Thursday, March 23. On Thursday, March 15 the stock rating was maintained by Robert W. Baird with “Outperform”. The rating was downgraded by TheStreet on Thursday, September 3 to “Hold”. The company was maintained on Wednesday, August 2 by BMO Capital Markets. The rating was maintained by Credit Suisse with “Outperform” on Monday, December 14. The rating was upgraded by Bank of America to “Buy” on Wednesday, December 20. The stock has “Buy” rating by Oppenheimer on Wednesday, June 14.

Among 21 analysts covering SL Green Realty Corp. (NYSE:SLG), 10 have Buy rating, 1 Sell and 10 Hold. Therefore 48% are positive. SL Green Realty Corp. had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of SL Green Realty Corp. (NYSE:SLG) earned “Equalweight” rating by Barclays Capital on Tuesday, July 19. The rating was maintained by Jefferies on Monday, September 25 with “Hold”. The rating was downgraded by Evercore to “Hold” on Monday, August 15. The rating was maintained by BMO Capital Markets on Wednesday, July 19 with “Buy”. The stock of SL Green Realty Corp. (NYSE:SLG) earned “Neutral” rating by Bank of America on Wednesday, August 16. The company was maintained on Wednesday, August 2 by Stifel Nicolaus. Goldman Sachs maintained it with “Neutral” rating and $121 target in Thursday, June 22 report. The stock has “Hold” rating by Jefferies on Wednesday, January 24. The rating was downgraded by Zacks to “Hold” on Monday, September 7. The firm has “Buy” rating given on Tuesday, January 9 by BMO Capital Markets.

Since December 12, 2017, it had 1 insider buy, and 1 insider sale for $420,804 activity. $198,576 worth of SL Green Realty Corp. (NYSE:SLG) was bought by HOLLIDAY MARC on Monday, January 29.

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.11, from 0.84 in 2017Q3. It improved, as 22 investors sold SLG shares while 124 reduced holdings. 52 funds opened positions while 86 raised stakes. 88.86 million shares or 9.56% less from 98.25 million shares in 2017Q3 were reported. Victory Cap Management reported 0% in SL Green Realty Corp. (NYSE:SLG). Wolverine Asset Ltd Liability reported 0.03% stake. Norinchukin Bancorp The holds 0.01% of its portfolio in SL Green Realty Corp. (NYSE:SLG) for 7,856 shares. Amalgamated Fincl Bank invested in 0.03% or 12,170 shares. Jane Street Limited Liability, a New York-based fund reported 3,258 shares. 30 were reported by Baystate Wealth Mgmt Ltd Liability Company. Ledyard Bankshares has 45 shares. Apg Asset Mgmt Us has 0.94% invested in SL Green Realty Corp. (NYSE:SLG). Mason Street Advisors Ltd accumulated 0.03% or 13,688 shares. Alps Advisors has 0% invested in SL Green Realty Corp. (NYSE:SLG) for 7,025 shares. Ohio-based Huntington Retail Bank has invested 0% in SL Green Realty Corp. (NYSE:SLG). Oakbrook Investments Lc holds 0.03% of its portfolio in SL Green Realty Corp. (NYSE:SLG) for 3,903 shares. Levin Capital Strategies LP invested 0.08% of its portfolio in SL Green Realty Corp. (NYSE:SLG). Moreover, Jacobs Levy Equity Management has 0.22% invested in SL Green Realty Corp. (NYSE:SLG). Liberty Mutual Group Inc Asset Mngmt holds 3,944 shares or 0.01% of its portfolio.

Brookfield Asset Management Inc, which manages about $13.20B and $24.31 billion US Long portfolio, upped its stake in Mid Amer Apt Cmntys Inc (NYSE:MAA) by 96,700 shares to 1.55M shares, valued at $156.10M in 2017Q4, according to the filing. It also increased its holding in Targa Res Corp (NYSE:TRGP) by 4.24 million shares in the quarter, for a total of 6.46M shares, and has risen its stake in General Mls Inc (NYSE:GIS).

FedEx Corporation (NYSE:FDX) Institutional Positions Chart

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