As Westar Energy (WR) Share Price Declined, Holder Water Island Capital Has Decreased Its Stake by $8.69 Million; Assured Guaranty (AGO) Shareholder Kahn Brothers Group Has Upped Stake by $4.69 Billion as Shares Declined

February 18, 2018 - By Michael Collier

Irving Kahn increased its stake in Assured Guaranty (AGO) by 15.98% based on its latest 2017Q3 regulatory filing with the SEC. Kahn Brothers Group Inc bought 124,130 shares as the company’s stock declined 5.68% while stock markets rallied. The hedge fund run by Irving Kahn held 900,835 shares of the property-casualty insurers company at the end of 2017Q3, valued at $34.01 billion, up from 776,705 at the end of the previous reported quarter. Kahn Brothers Group Inc who had been investing in Assured Guaranty for a number of months, seems to be bullish on the $4.47B market cap company. The stock increased 4.50% or $1.64 during the last trading session, reaching $38.07. About 2.03 million shares traded or 98.52% up from the average. Assured Guaranty Ltd. (NYSE:AGO) has risen 51.57% since February 18, 2017 and is uptrending. It has outperformed by 34.87% the S&P500.

John Orrico decreased its stake in Westar Energy Inc (WR) by 20.03% based on its latest 2017Q3 regulatory filing with the SEC. Water Island Capital Llc sold 177,370 shares as the company’s stock declined 2.17% while stock markets rallied. The hedge fund run by John Orrico held 708,068 shares of the public utilities company at the end of 2017Q3, valued at $35.12 million, down from 885,438 at the end of the previous reported quarter. Water Island Capital Llc who had been investing in Westar Energy Inc for a number of months, seems to be less bullish one the $7.21B market cap company. The stock increased 0.10% or $0.05 during the last trading session, reaching $50.71. About 517,283 shares traded. Westar Energy, Inc. (NYSE:WR) has declined 0.52% since February 18, 2017 and is downtrending. It has underperformed by 17.22% the S&P500.

Among 9 analysts covering Westar Energy (NYSE:WR), 4 have Buy rating, 0 Sell and 5 Hold. Therefore 44% are positive. Westar Energy had 19 analyst reports since August 11, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Equalweight” rating and $60 target in Thursday, June 2 report. The stock of Westar Energy, Inc. (NYSE:WR) earned “Hold” rating by Argus Research on Friday, April 15. The rating was upgraded by J.P. Morgan on Tuesday, July 11 to “Buy”. JP Morgan maintained the shares of WR in report on Thursday, October 12 with “Overweight” rating. On Tuesday, August 11 the stock rating was upgraded by Zacks to “Sell”. The stock has “Overweight” rating by JP Morgan on Thursday, January 25. On Friday, November 6 the stock rating was upgraded by JP Morgan to “Neutral”. On Monday, March 14 the stock rating was initiated by Mizuho with “Buy”. JP Morgan maintained the shares of WR in report on Friday, March 11 with “Neutral” rating. The company was downgraded on Friday, February 26 by Wells Fargo.

Investors sentiment increased to 1.28 in 2017 Q3. Its up 0.61, from 0.67 in 2017Q2. It is positive, as 23 investors sold WR shares while 84 reduced holdings. 42 funds opened positions while 95 raised stakes. 100.24 million shares or 0.51% more from 99.73 million shares in 2017Q2 were reported. Denver Invest Advsr Limited stated it has 0.01% of its portfolio in Westar Energy, Inc. (NYSE:WR). Glob X Mngmt Communications Lc holds 6,866 shares or 0.01% of its portfolio. Ing Groep Nv holds 0.02% in Westar Energy, Inc. (NYSE:WR) or 17,396 shares. Retirement Planning Gru accumulated 4,567 shares or 0.06% of the stock. Toronto Dominion Savings Bank holds 6,001 shares or 0% of its portfolio. Chemical State Bank, a Michigan-based fund reported 11,034 shares. Mitsubishi Ufj Bk reported 0.03% stake. Blackrock Incorporated has 0.05% invested in Westar Energy, Inc. (NYSE:WR) for 18.58 million shares. Moreover, Paloma Prns Co has 0.01% invested in Westar Energy, Inc. (NYSE:WR) for 15,404 shares. Riggs Asset Managment Communications Inc reported 0.06% in Westar Energy, Inc. (NYSE:WR). State Of Alaska Department Of Revenue reported 38,890 shares stake. Goldman Sachs Grp Inc has 0.02% invested in Westar Energy, Inc. (NYSE:WR) for 1.35 million shares. Gabelli Funds Ltd Liability Corp accumulated 2.66 million shares or 0.75% of the stock. Arcadia Inv Mgmt Corporation Mi holds 0% of its portfolio in Westar Energy, Inc. (NYSE:WR) for 234 shares. Metropolitan Life Insur Ny reported 133,628 shares.

Analysts await Westar Energy, Inc. (NYSE:WR) to report earnings on February, 28. They expect $0.39 earnings per share, up 2.63% or $0.01 from last year’s $0.38 per share. WR’s profit will be $55.42M for 32.51 P/E if the $0.39 EPS becomes a reality. After $1.11 actual earnings per share reported by Westar Energy, Inc. for the previous quarter, Wall Street now forecasts -64.86% negative EPS growth.

Water Island Capital Llc, which manages about $3.48 billion and $2.11 billion US Long portfolio, upped its stake in Tribune Media Co by 742,113 shares to 1.04M shares, valued at $42.29M in 2017Q3, according to the filing. It also increased its holding in Park Sterling Corp (NASDAQ:PSTB) by 1.03 million shares in the quarter, for a total of 1.94M shares, and has risen its stake in Huntsman Corp (NYSE:HUN).

Investors sentiment increased to 1.1 in Q3 2017. Its up 0.28, from 0.82 in 2017Q2. It improved, as 25 investors sold AGO shares while 93 reduced holdings. 44 funds opened positions while 86 raised stakes. 110.68 million shares or 2.19% less from 113.16 million shares in 2017Q2 were reported. Lpl Llc holds 0% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 12,740 shares. Lsv Asset Mngmt holds 0.07% of its portfolio in Assured Guaranty Ltd. (NYSE:AGO) for 1.08 million shares. Axa reported 474,265 shares stake. Royal Bank Of Canada owns 235,377 shares for 0% of their portfolio. Bokf Na owns 36,651 shares for 0.04% of their portfolio. Proshare Ltd Llc has invested 0.01% in Assured Guaranty Ltd. (NYSE:AGO). Moreover, Metropolitan Life Insurance Ny has 0% invested in Assured Guaranty Ltd. (NYSE:AGO) for 3,518 shares. D E Shaw And reported 0.01% stake. Envestnet Asset Management holds 8,039 shares. Joel Isaacson Ltd Liability Corporation holds 36,903 shares. Cap Returns Management Limited Liability Co reported 159,943 shares stake. California State Teachers Retirement Systems reported 200,969 shares stake. Oppenheimer Asset invested in 0% or 1,366 shares. Geode Cap Ltd Company owns 1.31M shares or 0.02% of their US portfolio. Bowling Portfolio Mngmt Ltd Liability Corp has 0.41% invested in Assured Guaranty Ltd. (NYSE:AGO).

Among 6 analysts covering Assured Guaranty (NYSE:AGO), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Assured Guaranty had 12 analyst reports since August 12, 2015 according to SRatingsIntel. On Tuesday, November 10 the stock rating was maintained by UBS with “Buy”. The firm has “Mkt Perform” rating by Keefe Bruyette & Woods given on Tuesday, February 28. The firm earned “Buy” rating on Monday, November 16 by M Partners. The stock of Assured Guaranty Ltd. (NYSE:AGO) has “Hold” rating given on Friday, April 7 by Wood. The rating was maintained by Keefe Bruyette & Woods on Friday, June 9 with “Hold”. Macquarie Research maintained Assured Guaranty Ltd. (NYSE:AGO) rating on Monday, November 9. Macquarie Research has “Outperform” rating and $33 target. The stock has “Buy” rating by Zacks on Wednesday, August 12. The firm has “Buy” rating given on Monday, February 5 by BTIG Research. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, December 20. BTIG Research maintained Assured Guaranty Ltd. (NYSE:AGO) rating on Friday, May 26. BTIG Research has “Buy” rating and $4900 target.

Kahn Brothers Group Inc, which manages about $654.54 billion US Long portfolio, decreased its stake in Ibm (NYSE:IBM) by 3,273 shares to 50 shares, valued at $7.25 million in 2017Q3, according to the filing. It also reduced its holding in Blackberry (NASDAQ:BBRY) by 80,550 shares in the quarter, leaving it with 4.44M shares, and cut its stake in Citigroup.

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By1 Michael Collier

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