As One Gas Com (OGS) Share Price Rose, Silvercrest Asset Management Group Has Raised Position by $2.42 Million; Sp Plus Com (SP) Valuation Rose While North Star Investment Management Has Cut Holding

February 15, 2018 - By Henry Gaston

Silvercrest Asset Management Group Llc increased its stake in One Gas Inc Com (OGS) by 6.86% based on its latest 2017Q3 regulatory filing with the SEC. Silvercrest Asset Management Group Llc bought 33,096 shares as the company’s stock rose 7.16% with the market. The hedge fund held 515,239 shares of the public utilities company at the end of 2017Q3, valued at $37.94 million, up from 482,143 at the end of the previous reported quarter. Silvercrest Asset Management Group Llc who had been investing in One Gas Inc Com for a number of months, seems to be bullish on the $3.48 billion market cap company. The stock decreased 1.28% or $0.86 during the last trading session, reaching $66.53. About 230,679 shares traded or 2.32% up from the average. ONE Gas, Inc. (NYSE:OGS) has risen 19.86% since February 15, 2017 and is uptrending. It has outperformed by 3.16% the S&P500.

North Star Investment Management Corp decreased its stake in Sp Plus Corp Com (SP) by 9.06% based on its latest 2017Q3 regulatory filing with the SEC. North Star Investment Management Corp sold 10,000 shares as the company’s stock rose 1.42% with the market. The institutional investor held 100,400 shares of the rental and leasing company at the end of 2017Q3, valued at $3.97M, down from 110,400 at the end of the previous reported quarter. North Star Investment Management Corp who had been investing in Sp Plus Corp Com for a number of months, seems to be less bullish one the $829.26 million market cap company. The stock increased 2.19% or $0.8 during the last trading session, reaching $37.35. About 90,980 shares traded. SP Plus Corporation (NASDAQ:SP) has risen 33.01% since February 15, 2017 and is uptrending. It has outperformed by 16.31% the S&P500.

North Star Investment Management Corp, which manages about $789.57 million US Long portfolio, upped its stake in Lsi Inds Inc Com (NASDAQ:LYTS) by 62,585 shares to 363,534 shares, valued at $2.40 million in 2017Q3, according to the filing. It also increased its holding in Crown Crafts Inc Com (NASDAQ:CRWS) by 124,982 shares in the quarter, for a total of 548,254 shares, and has risen its stake in Government Pptys Income Tr Com Shs Ben Int (NYSE:GOV).

Analysts await SP Plus Corporation (NASDAQ:SP) to report earnings on February, 28. They expect $0.40 EPS, down 23.08% or $0.12 from last year’s $0.52 per share. SP’s profit will be $8.88 million for 23.34 P/E if the $0.40 EPS becomes a reality. After $0.50 actual EPS reported by SP Plus Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Investors sentiment decreased to 1.75 in Q3 2017. Its down 1.63, from 3.38 in 2017Q2. It dived, as 10 investors sold SP shares while 45 reduced holdings. 40 funds opened positions while 56 raised stakes. 21.50 million shares or 49.06% less from 42.21 million shares in 2017Q2 were reported. Fmr Lc invested 0% of its portfolio in SP Plus Corporation (NASDAQ:SP). Northern Trust invested in 0% or 281,632 shares. Gotham Asset Limited Liability Co reported 70,086 shares or 0.04% of all its holdings. 70,483 were reported by Susquehanna Int Group Incorporated Ltd Liability Partnership. Bancorporation Of America De holds 0% in SP Plus Corporation (NASDAQ:SP) or 121,547 shares. Qs Invsts Limited Liability holds 175 shares. Balyasny Asset Limited Liability Corporation, a Illinois-based fund reported 9,594 shares. Nationwide Fund Advsr holds 13,442 shares or 0% of its portfolio. California State Teachers Retirement System holds 0% or 27,853 shares. Engineers Gate Manager LP invested 0.06% of its portfolio in SP Plus Corporation (NASDAQ:SP). Clark Estates Ny owns 44,000 shares for 0.29% of their portfolio. Glenmede Tru Na reported 6,196 shares. Cubist Systematic Strategies Lc holds 9,277 shares or 0.02% of its portfolio. Pub Employees Retirement Of Ohio holds 0% or 8,530 shares. Cypress Capital Management Lc (Wy) has invested 0.65% in SP Plus Corporation (NASDAQ:SP).

Among 2 analysts covering SP Plus (NASDAQ:SP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SP Plus had 2 analyst reports since September 4, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $93 target in Friday, September 4 report. The rating was maintained by Barrington Research with “Outperform” on Monday, November 9.

Among 7 analysts covering ONE Gas (NYSE:OGS), 0 have Buy rating, 3 Sell and 4 Hold. Therefore 0 are positive. ONE Gas had 22 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Sell” rating on Monday, October 16 by Jefferies. Jefferies maintained ONE Gas, Inc. (NYSE:OGS) on Wednesday, December 20 with “Sell” rating. The rating was downgraded by Zacks on Wednesday, August 26 to “Buy”. As per Monday, October 2, the company rating was downgraded by UBS. The stock has “Sell” rating by Jefferies on Friday, January 12. Jefferies maintained the stock with “Sell” rating in Thursday, September 7 report. Jefferies maintained ONE Gas, Inc. (NYSE:OGS) on Monday, April 3 with “Sell” rating. The rating was downgraded by Morgan Stanley to “Underperform” on Friday, March 18. Jefferies upgraded ONE Gas, Inc. (NYSE:OGS) on Thursday, October 13 to “Hold” rating. The firm has “Underweight” rating given on Wednesday, December 13 by Morgan Stanley.

Silvercrest Asset Management Group Llc, which manages about $15.87B and $10.03B US Long portfolio, decreased its stake in Amerisourcebergen Corp Com (NYSE:ABC) by 18,975 shares to 93,446 shares, valued at $7.73 million in 2017Q3, according to the filing. It also reduced its holding in Wells Fargo Co New Com (NYSE:WFC) by 5,656 shares in the quarter, leaving it with 102,471 shares, and cut its stake in Eastgroup Ppty Inc Com (NYSE:EGP).

Investors sentiment decreased to 0.78 in Q3 2017. Its down 0.50, from 1.28 in 2017Q2. It worsened, as 18 investors sold OGS shares while 86 reduced holdings. 17 funds opened positions while 64 raised stakes. 37.21 million shares or 0.62% less from 37.44 million shares in 2017Q2 were reported. New Jersey-based Bessemer Gru has invested 0.01% in ONE Gas, Inc. (NYSE:OGS). Sg Americas Limited owns 19,615 shares for 0.01% of their portfolio. Guggenheim Capital Limited Co has invested 0.02% in ONE Gas, Inc. (NYSE:OGS). Teacher Retirement Of Texas stated it has 4,321 shares or 0% of all its holdings. Fort Washington Investment Advisors Oh reported 0.04% of its portfolio in ONE Gas, Inc. (NYSE:OGS). Mason Street Advisors Lc holds 0.05% or 25,943 shares in its portfolio. 20,000 were accumulated by Spark Mngmt Ltd Llc. Moreover, Dupont Cap Mngmt has 0.03% invested in ONE Gas, Inc. (NYSE:OGS) for 19,202 shares. Duff Phelps Co owns 540,405 shares. Parametric Port Associates Limited Liability Corporation reported 0.01% in ONE Gas, Inc. (NYSE:OGS). Ct Mason has 26,583 shares. Dekabank Deutsche Girozentrale reported 48,319 shares. Mutual Of America Cap Limited Liability Company holds 0.05% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 42,626 shares. Parkside Natl Bank Tru holds 0% of its portfolio in ONE Gas, Inc. (NYSE:OGS) for 109 shares. D L Carlson Inv Group Incorporated owns 26,513 shares for 0.61% of their portfolio.

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By1 Henry Gaston

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