Southpoint Capital Advisors LP Holding in Cdk Global (CDK) Lowered by $4.73 Million; As Hoegh Lng Partners LP (HMLP) Market Value Rose, Shareholder Oceanic Investment Management LTD Has Trimmed Position by $3.28 Million

June 17, 2018 - By wolcottdaily

CDK Global, Inc. (NASDAQ:CDK) Logo

Rob Butts decreased its stake in Cdk Global Inc (CDK) by 5.08% based on its latest 2018Q1 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 75,000 shares as the company’s stock declined 8.48% with the market. The hedge fund run by Rob Butts held 1.40 million shares of the miscellaneous company at the end of 2018Q1, valued at $88.68M, down from 1.48M at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Cdk Global Inc for a number of months, seems to be less bullish one the $8.71 billion market cap company. The stock increased 0.44% or $0.29 during the last trading session, reaching $66.15. About 1.97M shares traded or 85.73% up from the average. CDK Global, Inc. (NASDAQ:CDK) has risen 4.20% since June 17, 2017 and is uptrending. It has underperformed by 8.37% the S&P500. Some Historical CDK News: 17/04/2018 – CDK GLOBAL BUYS PROGRESSUS MEDIA; 26/04/2018 – CDK GLOBAL SEES FY 2018 ADJ. REVENUES UP 2.5% – 3.0%; 15/05/2018 – Senator Investment Group Buys New 1.6% Position in CDK Global; 26/04/2018 – CDK Global 3Q Rev $576.6M; 26/04/2018 – CDK GLOBAL 3Q ADJ EPS 85C, EST. 84C; 17/04/2018 – Cyclacel’s CYC065 CDK Inhibitor Demonstrates Synergy With Venetoclax By Dual Targeting Of Chronic Lymphocytic Leukemia; 20/03/2018 – FTC Challenges CDK Global, Inc.’s Proposed Acquisition of Competitor Auto/Mate, Inc; 26/04/2018 – CDK Global Sees 2018 EPS $2.62-EPS $2.72; 22/03/2018 – Survey Reveals 80 Percent of Buyers Likely to Begin Car Buying Process Online, Still 78 Percent Value In-Store Dealer Experience; 17/04/2018 – CYCLACEL’S CYC065 CDK INHIBITOR SHOWS SYNERGY WITH VENETOCLAX

Oceanic Investment Management Ltd decreased its stake in Hoegh Lng Partners Lp (HMLP) by 34.4% based on its latest 2018Q1 regulatory filing with the SEC. Oceanic Investment Management Ltd sold 205,100 shares as the company’s stock rose 8.00% while stock markets declined. The hedge fund held 391,143 shares of the marine transportation company at the end of 2018Q1, valued at $6.34M, down from 596,243 at the end of the previous reported quarter. Oceanic Investment Management Ltd who had been investing in Hoegh Lng Partners Lp for a number of months, seems to be less bullish one the $572.35M market cap company. The stock decreased 1.42% or $0.25 during the last trading session, reaching $17.3. About 98,351 shares traded. Höegh LNG Partners LP (NYSE:HMLP) has declined 1.82% since June 17, 2017 and is downtrending. It has underperformed by 14.39% the S&P500. Some Historical HMLP News: 31/05/2018 – HOEGH LNG HOLDINGS LTD HLNGH; 31/05/2018 – Hoegh LNG Partners 1Q EPS 56c; 19/04/2018 – Höegh LNG Partners LP Cash Distributions for the First Quarter 2018; 31/05/2018 – HOEGH LNG CEO: IN GOOD POSITION TO SECURE LONG-TERM CONTRACT FOR FSRU NEWBUILD NUMBER 9 BEFORE YEAR-END; 05/04/2018 HOEGH LNG HOLDINGS LTD HLNGH.OL – IS CURRENTLY IN ADVANCED NEGOTIATIONS FOR INTERMEDIATE EMPLOYMENT OF HÖEGH ESPERANZA ON A COMBINED FSRU AND LNGC CONTRACT WITH SEASONAL USE IN FSRU MODE UNTIL…; 19/04/2018 – Hoegh LNG Partners LP Announces 2018 Annual Meeting; 16/05/2018 – Hoegh LNG Partners LP – Invitation to Presentation of First Quarter 2018 Results; 31/05/2018 – HOEGH LNG PARTNERS LP – QTRLY DILUTED EARNINGS PER COMMON UNIT PUBLIC $ 0.56; 18/05/2018 – Hoegh LNG Partners Closes Above 200-Day Average: Technicals; 15/05/2018 – Fairview Capital Investment Mgmt Exits Hoegh LNG Partners

More news for Höegh LNG Partners LP (NYSE:HMLP) were recently published by: Seekingalpha.com, which released: “90 Champions, Contenders And Challengers Are Wall Street Dividend Stars For June” on June 12, 2018. Globenewswire.com‘s article titled: “Market Trends Toward New Normal in Sumitomo Mitsui Financial Group, Mazor Robotics, Mercury, Ctrip.com …” and published on June 04, 2018 is yet another important article.

Among 8 analysts covering Hoegh LNG Partners LP (NYSE:HMLP), 8 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Hoegh LNG Partners LP had 17 analyst reports since August 14, 2015 according to SRatingsIntel. The stock of Höegh LNG Partners LP (NYSE:HMLP) earned “Equal-Weight” rating by Barclays Capital on Tuesday, August 30. Stifel Nicolaus maintained Höegh LNG Partners LP (NYSE:HMLP) rating on Thursday, October 12. Stifel Nicolaus has “Buy” rating and $22.0 target. Morgan Stanley maintained the stock with “Overweight” rating in Monday, February 12 report. Morgan Stanley upgraded Höegh LNG Partners LP (NYSE:HMLP) on Wednesday, November 2 to “Overweight” rating. The company was maintained on Friday, August 26 by Citigroup. The stock of Höegh LNG Partners LP (NYSE:HMLP) has “Overweight” rating given on Tuesday, July 18 by Barclays Capital. The firm earned “Buy” rating on Wednesday, September 9 by Clarkson Capital. The stock has “Buy” rating by Citigroup on Friday, August 14. The company was maintained on Thursday, September 7 by Stifel Nicolaus. The company was maintained on Friday, August 25 by Citigroup.

Analysts await Höegh LNG Partners LP (NYSE:HMLP) to report earnings on August, 23. They expect $0.39 earnings per share, up 21.88% or $0.07 from last year’s $0.32 per share. HMLP’s profit will be $12.90M for 11.09 P/E if the $0.39 EPS becomes a reality. After $0.37 actual earnings per share reported by Höegh LNG Partners LP for the previous quarter, Wall Street now forecasts 5.41% EPS growth.

Analysts await CDK Global, Inc. (NASDAQ:CDK) to report earnings on August, 7. They expect $0.82 EPS, up 49.09% or $0.27 from last year’s $0.55 per share. CDK’s profit will be $107.92M for 20.17 P/E if the $0.82 EPS becomes a reality. After $0.85 actual EPS reported by CDK Global, Inc. for the previous quarter, Wall Street now forecasts -3.53% negative EPS growth.

More news for CDK Global, Inc. (NASDAQ:CDK) were recently published by: Globenewswire.com, which released: “CDK Global Announces Proposed Registered Offering of Senior Notes” on June 04, 2018. Nasdaq.com‘s article titled: “CDK Global Announces Pricing of its $500000000 5.875% Senior Notes Due 2026” and published on June 04, 2018 is yet another important article.

Southpoint Capital Advisors Lp, which manages about $2.99B and $2.26B US Long portfolio, upped its stake in Willis Towers Watson Pub Ltd by 400,000 shares to 900,000 shares, valued at $136.97M in 2018Q1, according to the filing. It also increased its holding in Ss&C Technologies Hldgs Inc (NASDAQ:SSNC) by 50,000 shares in the quarter, for a total of 2.80M shares, and has risen its stake in Pandora Media Inc (NYSE:P).

Höegh LNG Partners LP (NYSE:HMLP) Ratings Chart

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