Brown Forman (BF.B) Shareholder Commerzbank Aktiengesellschaft Upped Stake; Golar Lng Partners LP (GMLP) Shareholder Kayne Anderson Capital Advisors LP Has Decreased Its Stake by $14.16 Million as Market Valuation Declined

February 17, 2018 - By Moses P. Lee

Commerzbank Aktiengesellschaft increased its stake in Brown Forman Corp (BF.B) by 255.9% based on its latest 2017Q3 regulatory filing with the SEC. Commerzbank Aktiengesellschaft bought 10,891 shares as the company’s stock 0.00% . The institutional investor held 15,147 shares of the company at the end of 2017Q3, valued at $822,000, up from 4,256 at the end of the previous reported quarter. Commerzbank Aktiengesellschaft who had been investing in Brown Forman Corp for a number of months, seems to be bullish on the $26.59B market cap company. The stock increased 1.12% or $0.77 during the last trading session, reaching $69.58. About 577,709 shares traded. Brown-Forman Corporation (NYSE:BF.B) has risen 11.07% since February 17, 2017 and is uptrending. It has underperformed by 5.63% the S&P500.

Kayne Anderson Capital Advisors Lp decreased its stake in Golar Lng Partners Lp (GMLP) by 14.36% based on its latest 2017Q3 regulatory filing with the SEC. Kayne Anderson Capital Advisors Lp sold 615,459 shares as the company’s stock declined 10.22% while stock markets rallied. The hedge fund held 3.67M shares of the marine transportation company at the end of 2017Q3, valued at $85.23M, down from 4.28M at the end of the previous reported quarter. Kayne Anderson Capital Advisors Lp who had been investing in Golar Lng Partners Lp for a number of months, seems to be less bullish one the $1.47 billion market cap company. The stock decreased 2.35% or $0.5 during the last trading session, reaching $20.79. About 216,411 shares traded. Golar LNG Partners LP (NASDAQ:GMLP) has risen 23.40% since February 17, 2017 and is uptrending. It has outperformed by 6.70% the S&P500.

Commerzbank Aktiengesellschaft, which manages about $7.59 billion US Long portfolio, decreased its stake in Dxc Technology Co by 4,629 shares to 52,032 shares, valued at $4.47 million in 2017Q3, according to the filing. It also reduced its holding in Mgm Resorts International (NYSE:MGM) by 172,314 shares in the quarter, leaving it with 147,225 shares, and cut its stake in Novo (NYSE:NVO).

Among 12 analysts covering Brown-Forman (NYSE:BF.B), 0 have Buy rating, 2 Sell and 10 Hold. Therefore 0 are positive. Brown-Forman had 37 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained the stock with “Hold” rating in Thursday, August 31 report. The stock has “Hold” rating by RBC Capital Markets on Tuesday, October 3. Stifel Nicolaus maintained Brown-Forman Corporation (NYSE:BF.B) on Wednesday, August 30 with “Hold” rating. Suntrust Robinson downgraded the stock to “Hold” rating in Thursday, December 22 report. Stifel Nicolaus maintained it with “Hold” rating and $69.0 target in Wednesday, December 6 report. The stock of Brown-Forman Corporation (NYSE:BF.B) earned “Sector Perform” rating by RBC Capital Markets on Monday, January 4. The stock of Brown-Forman Corporation (NYSE:BF.B) has “Hold” rating given on Thursday, July 13 by Cowen & Co. The firm has “Hold” rating given on Thursday, June 8 by Credit Suisse. As per Thursday, October 5, the company rating was maintained by SunTrust. The firm has “Neutral” rating given on Friday, February 26 by Sterne Agee CRT.

Among 4 analysts covering Golar LNG Partners (NASDAQ:GMLP), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. Golar LNG Partners had 18 analyst reports since August 19, 2015 according to SRatingsIntel. The company was upgraded on Monday, December 18 by Stifel Nicolaus. Jefferies maintained Golar LNG Partners LP (NASDAQ:GMLP) rating on Monday, September 25. Jefferies has “Buy” rating and $26.0 target. The company was maintained on Thursday, September 21 by Stifel Nicolaus. The stock of Golar LNG Partners LP (NASDAQ:GMLP) has “Hold” rating given on Tuesday, January 3 by Stifel Nicolaus. The rating was upgraded by Zacks on Wednesday, August 19 to “Hold”. As per Tuesday, September 22, the company rating was initiated by Danske Bank. The rating was maintained by Jefferies on Monday, June 12 with “Buy”. The company was maintained on Monday, July 17 by Jefferies. The rating was maintained by Stifel Nicolaus with “Hold” on Thursday, August 17. As per Monday, October 30, the company rating was maintained by Jefferies.

Analysts await Golar LNG Partners LP (NASDAQ:GMLP) to report earnings on February, 27. They expect $0.25 EPS, down 77.68% or $0.87 from last year’s $1.12 per share. GMLP’s profit will be $17.66M for 20.79 P/E if the $0.25 EPS becomes a reality. After $0.37 actual EPS reported by Golar LNG Partners LP for the previous quarter, Wall Street now forecasts -32.43% negative EPS growth.

Kayne Anderson Capital Advisors Lp, which manages about $18.02 billion and $7.82 billion US Long portfolio, upped its stake in Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 194,600 shares to 689,020 shares, valued at $17.28 million in 2017Q3, according to the filing. It also increased its holding in Boardwalk Pipeline Partners (NYSE:BWP) by 207,300 shares in the quarter, for a total of 1.87 million shares, and has risen its stake in Gaslog Ltd (NYSE:GLOG).

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By1 Moses P. Lee

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