Chicago Bridge & Iron Co N V (CBI) Holding Has Upped by Canyon Capital Advisors Llc; As Solar Capital LTD (SLRC) Market Value Rose, Ares Management Lifted Its Stake

April 17, 2018 - By Nellie Frank

Chicago Bridge & Iron Company N.V. (NYSE:CBI) Logo

Joshua Friedman increased its stake in Chicago Bridge & Iron Co N V (CBI) by 9900% based on its latest 2017Q4 regulatory filing with the SEC. Canyon Capital Advisors Llc bought 99,000 shares as the company’s stock declined 7.57% with the market. The hedge fund run by Joshua Friedman held 100,000 shares of the engineering & construction company at the end of 2017Q4, valued at $1.61M, up from 1,000 at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Chicago Bridge & Iron Co N V for a number of months, seems to be bullish on the $1.56B market cap company. The stock increased 7.70% or $1.0875 during the last trading session, reaching $15.2175. About 13.10 million shares traded or 311.51% up from the average. Chicago Bridge & Iron Company N.V. (NYSE:CBI) has declined 47.57% since April 17, 2017 and is downtrending. It has underperformed by 59.12% the S&P500.

Ares Management Llc increased its stake in Solar Capital Ltd (SLRC) by 25.14% based on its latest 2017Q4 regulatory filing with the SEC. Ares Management Llc bought 61,384 shares as the company’s stock rose 0.30% while stock markets declined. The institutional investor held 305,574 shares of the company at the end of 2017Q4, valued at $6.18M, up from 244,190 at the end of the previous reported quarter. Ares Management Llc who had been investing in Solar Capital Ltd for a number of months, seems to be bullish on the $864.66 million market cap company. The stock decreased 0.20% or $0.04 during the last trading session, reaching $20.46. About 28,686 shares traded. Solar Capital Ltd. (NASDAQ:SLRC) has declined 7.76% since April 17, 2017 and is downtrending. It has underperformed by 19.31% the S&P500.

Among 8 analysts covering Solar Capital (NASDAQ:SLRC), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Solar Capital had 16 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was maintained by Deutsche Bank with “Buy” on Thursday, February 25. Citigroup maintained Solar Capital Ltd. (NASDAQ:SLRC) on Tuesday, August 16 with “Neutral” rating. The rating was downgraded by Ladenburg Thalmann on Friday, February 24 to “Neutral”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, August 2. The rating was upgraded by Keefe Bruyette & Woods to “Buy” on Friday, January 12. The rating was maintained by Citigroup on Wednesday, March 30 with “Neutral”. Deutsche Bank maintained the shares of SLRC in report on Thursday, August 4 with “Buy” rating. The company was initiated on Wednesday, September 30 by DA Davidson. The firm has “Buy” rating by Ladenburg Thalmann given on Monday, November 6. The rating was upgraded by JMP Securities on Tuesday, January 16 to “Market Outperform”.

Ares Management Llc, which manages about $35.87B and $3.14B US Long portfolio, decreased its stake in Fidus Investment Corp (NASDAQ:FDUS) by 34,513 shares to 244,077 shares, valued at $3.71 million in 2017Q4, according to the filing. It also reduced its holding in Prospect Capital Corp (NASDAQ:PSEC) by 146,344 shares in the quarter, leaving it with 279,547 shares, and cut its stake in Solar Senior Capital Ltd (NASDAQ:SUNS).

Investors sentiment decreased to 1.13 in Q4 2017. Its down 0.10, from 1.23 in 2017Q3. It turned negative, as 10 investors sold SLRC shares while 29 reduced holdings. 11 funds opened positions while 33 raised stakes. 24.35 million shares or 1.52% less from 24.73 million shares in 2017Q3 were reported. Clough Capital Prtn Limited Partnership stated it has 1.35% in Solar Capital Ltd. (NASDAQ:SLRC). Automobile Association accumulated 262,101 shares or 0.01% of the stock. Confluence Inv Ltd Com owns 489,450 shares. Eagle Global Advsr Ltd has invested 0.01% in Solar Capital Ltd. (NASDAQ:SLRC). Shelton Capital Management invested 0.09% in Solar Capital Ltd. (NASDAQ:SLRC). Panagora Asset Management holds 0% or 431 shares. Mckinley Cap Ltd Limited Liability Company Delaware holds 230,376 shares. Prtn Gru Holdg Ag reported 1.43% in Solar Capital Ltd. (NASDAQ:SLRC). Green Square Lc, a Tennessee-based fund reported 18,123 shares. Hightower Advisors Ltd Liability Company holds 0.01% or 38,798 shares. Sumitomo Mitsui Asset Limited has invested 0.11% of its portfolio in Solar Capital Ltd. (NASDAQ:SLRC). Sei Investments holds 96,563 shares. Eaton Vance Mgmt holds 43,000 shares. Millennium Mgmt Limited Company owns 344,680 shares. Tcw Group Inc has invested 0% in Solar Capital Ltd. (NASDAQ:SLRC).

Since October 20, 2017, it had 0 buys, and 2 sales for $242,700 activity.

Among 17 analysts covering Chicago Bridge & Iron Company (NYSE:CBI), 6 have Buy rating, 1 Sell and 10 Hold. Therefore 35% are positive. Chicago Bridge & Iron Company had 51 analyst reports since August 14, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of CBI in report on Friday, November 3 with “Neutral” rating. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) has “Hold” rating given on Wednesday, August 16 by Jefferies. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Neutral” rating by Robert W. Baird on Tuesday, October 31. Robert W. Baird downgraded the stock to “Neutral” rating in Friday, July 22 report. The firm has “Outperform” rating by Credit Suisse given on Monday, September 26. The stock of Chicago Bridge & Iron Company N.V. (NYSE:CBI) earned “Buy” rating by Credit Suisse on Monday, July 3. Jefferies maintained Chicago Bridge & Iron Company N.V. (NYSE:CBI) rating on Tuesday, October 31. Jefferies has “Hold” rating and $14.5 target. The company was maintained on Tuesday, September 19 by KeyBanc Capital Markets. The firm has “Buy” rating given on Monday, May 16 by Johnson Rice. DA Davidson downgraded Chicago Bridge & Iron Company N.V. (NYSE:CBI) on Tuesday, December 19 to “Neutral” rating.

Canyon Capital Advisors Llc, which manages about $20.20B and $6.89B US Long portfolio, decreased its stake in Berry Global Group Inc (NYSE:BERY) by 141,395 shares to 5.79M shares, valued at $339.97 million in 2017Q4, according to the filing. It also reduced its holding in C&J Energy Svcs Inc New by 584,981 shares in the quarter, leaving it with 644,878 shares, and cut its stake in Mgm Resorts International (NYSE:MGM).

Solar Capital Ltd. (NASDAQ:SLRC) Institutional Positions Chart

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