Brookfield Asset Management Has Increased Its Mplx LP (MPLX) Stake by $219.26 Million; Share Price Declined; Tsp Capital Management Group Cut Its Stake in Comcast New (CMCSA) by $902,640 as Shares Declined

April 17, 2018 - By Migdalia James

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Brookfield Asset Management Inc increased its stake in Mplx Lp (MPLX) by 328.42% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 6.26M shares as the company’s stock declined 8.11% with the market. The hedge fund held 8.17M shares of the natural gas distribution company at the end of 2017Q4, valued at $289.87 million, up from 1.91 million at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Mplx Lp for a number of months, seems to be bullish on the $27.47 billion market cap company. The stock increased 1.16% or $0.39 during the last trading session, reaching $34.15. About 513,056 shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since April 17, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

Tsp Capital Management Group Llc decreased its stake in Comcast Corp New (CMCSA) by 13.8% based on its latest 2017Q4 regulatory filing with the SEC. Tsp Capital Management Group Llc sold 22,566 shares as the company’s stock declined 19.10% with the market. The institutional investor held 140,950 shares of the television services company at the end of 2017Q4, valued at $5.65 million, down from 163,516 at the end of the previous reported quarter. Tsp Capital Management Group Llc who had been investing in Comcast Corp New for a number of months, seems to be less bullish one the $154.28B market cap company. The stock decreased 0.93% or $0.3133 during the last trading session, reaching $33.2167. About 3.89M shares traded. Comcast Corporation (NASDAQ:CMCSA) has declined 11.10% since April 17, 2017 and is downtrending. It has underperformed by 22.65% the S&P500.

Tsp Capital Management Group Llc, which manages about $313.86 million and $219.61M US Long portfolio, upped its stake in Western Un Co (NYSE:WU) by 47,395 shares to 375,128 shares, valued at $7.13M in 2017Q4, according to the filing. It also increased its holding in New Gold Inc Cda (NYSEMKT:NGD) by 368,300 shares in the quarter, for a total of 1.88M shares, and has risen its stake in Arconic Inc.

Analysts await Comcast Corporation (NASDAQ:CMCSA) to report earnings on April, 25 before the open. They expect $0.59 earnings per share, up 11.32% or $0.06 from last year’s $0.53 per share. CMCSA’s profit will be $2.74 billion for 14.07 P/E if the $0.59 EPS becomes a reality. After $0.49 actual earnings per share reported by Comcast Corporation for the previous quarter, Wall Street now forecasts 20.41% EPS growth.

Since December 14, 2017, it had 0 insider purchases, and 10 sales for $62.55 million activity. On Thursday, December 14 the insider ROBERTS BRIAN L sold $22.57 million. WATSON DAVID N had sold 131,447 shares worth $4.84M. 190,756 shares were sold by BURKE STEPHEN B, worth $8.11M on Friday, January 26. Murdock Daniel C. sold $67,320 worth of stock.

Investors sentiment decreased to 0.93 in 2017 Q4. Its down 0.10, from 1.03 in 2017Q3. It dived, as 75 investors sold CMCSA shares while 544 reduced holdings. 122 funds opened positions while 455 raised stakes. 3.66 billion shares or 0.28% more from 3.65 billion shares in 2017Q3 were reported. Allen Inv Mgmt Ltd Liability reported 5.84% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Logan Cap Management Incorporated accumulated 11,230 shares. Cohen Mgmt has 0.22% invested in Comcast Corporation (NASDAQ:CMCSA). At Bank holds 0.1% or 22,999 shares. Atwood Palmer stated it has 4,928 shares or 0.03% of all its holdings. Mechanics Bank Tru Department invested in 0.12% or 13,450 shares. Moneta Grp Advisors Lc, a Missouri-based fund reported 30,337 shares. National Asset reported 48,256 shares stake. Point72 Asset Mgmt Limited Partnership holds 1.06% of its portfolio in Comcast Corporation (NASDAQ:CMCSA) for 6.12 million shares. Commerce Of Oklahoma has invested 0.12% of its portfolio in Comcast Corporation (NASDAQ:CMCSA). Tributary Management Ltd Limited Liability Company holds 0.09% in Comcast Corporation (NASDAQ:CMCSA) or 26,725 shares. Of Vermont invested 0.4% in Comcast Corporation (NASDAQ:CMCSA). Horan Capital Advisors Ltd Limited Liability Company has invested 2.19% in Comcast Corporation (NASDAQ:CMCSA). The California-based Doheny Asset Ca has invested 0.1% in Comcast Corporation (NASDAQ:CMCSA). Cipher Capital Limited Partnership accumulated 19,471 shares.

Among 32 analysts covering Comcast Corporation (NASDAQ:CMCSA), 23 have Buy rating, 1 Sell and 8 Hold. Therefore 72% are positive. Comcast Corporation had 82 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Outperform” on Monday, July 27. SunTrust maintained it with “Buy” rating and $45.0 target in Thursday, October 26 report. The firm has “Overweight” rating by Barclays Capital given on Friday, October 27. On Thursday, January 19 the stock rating was initiated by HSBC with “Buy”. Goldman Sachs maintained Comcast Corporation (NASDAQ:CMCSA) rating on Wednesday, May 4. Goldman Sachs has “Buy” rating and $70 target. The stock has “Outperform” rating by Telsey Advisory Group on Tuesday, January 24. Macquarie Research maintained Comcast Corporation (NASDAQ:CMCSA) rating on Wednesday, July 5. Macquarie Research has “Buy” rating and $4600 target. The stock of Comcast Corporation (NASDAQ:CMCSA) earned “Buy” rating by Jefferies on Thursday, July 6. The firm has “Buy” rating by UBS given on Thursday, March 22. The firm has “Overweight” rating given on Wednesday, February 22 by Barclays Capital.

Since December 11, 2017, it had 0 buys, and 1 insider sale for $74,000 activity.

Brookfield Asset Management Inc, which manages about $13.20B and $24.31 billion US Long portfolio, decreased its stake in Archrock Partners LP by 257,500 shares to 259,400 shares, valued at $3.09 million in 2017Q4, according to the filing. It also reduced its holding in Cheniere Energy Inc (NYSEMKT:LNG) by 86,200 shares in the quarter, leaving it with 540,100 shares, and cut its stake in Enbridge Inc (NYSE:ENB).

MPLX LP (NYSE:MPLX) Institutional Positions Chart

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