Enlink Midstream Partners LP (ENLK) Shareholder Rr Advisors Decreased Position; Nn (NNBR) Holder Skylands Capital Cut Its Holding by $2.88 Million as Share Price Declined

May 21, 2018 - By Richard Conner

Charles Paquelet decreased its stake in Nn Inc (NNBR) by 25.37% based on its latest 2017Q4 regulatory filing with the SEC. Skylands Capital Llc sold 106,800 shares as the company’s stock declined 15.81% with the market. The hedge fund run by Charles Paquelet held 314,200 shares of the capital goods company at the end of 2017Q4, valued at $8.67 million, down from 421,000 at the end of the previous reported quarter. Skylands Capital Llc who had been investing in Nn Inc for a number of months, seems to be less bullish one the $626.64M market cap company. The stock decreased 0.22% or $0.05 during the last trading session, reaching $22.65. About 124,225 shares traded. NN, Inc. (NASDAQ:NNBR) has declined 2.97% since May 21, 2017 and is downtrending. It has underperformed by 14.52% the S&P500.

Rr Advisors Llc decreased its stake in Enlink Midstream Partners Lp (ENLK) by 12.76% based on its latest 2017Q4 regulatory filing with the SEC. Rr Advisors Llc sold 347,000 shares as the company’s stock declined 17.94% with the market. The institutional investor held 2.37M shares of the public utilities company at the end of 2017Q4, valued at $36.47M, down from 2.72M at the end of the previous reported quarter. Rr Advisors Llc who had been investing in Enlink Midstream Partners Lp for a number of months, seems to be less bullish one the $5.80 billion market cap company. The stock increased 0.12% or $0.02 during the last trading session, reaching $16.49. About 893,549 shares traded or 4.57% up from the average. EnLink Midstream Partners, LP (NYSE:ENLK) has declined 24.93% since May 21, 2017 and is downtrending. It has underperformed by 36.48% the S&P500.

Among 22 analysts covering Enlink Midstream Partners (NYSE:ENLK), 11 have Buy rating, 0 Sell and 11 Hold. Therefore 50% are positive. Enlink Midstream Partners had 66 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Friday, September 9 by FBR Capital. UBS maintained it with “Buy” rating and $18 target in Friday, March 2 report. The rating was initiated by Stifel Nicolaus with “Hold” on Thursday, March 17. The firm has “Hold” rating given on Thursday, June 22 by Jefferies. The firm earned “Equal-Weight” rating on Friday, March 9 by Morgan Stanley. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) has “Buy” rating given on Tuesday, September 26 by Robert W. Baird. The rating was maintained by RBC Capital Markets with “Buy” on Monday, October 9. The stock of EnLink Midstream Partners, LP (NYSE:ENLK) earned “Buy” rating by Stifel Nicolaus on Wednesday, August 2. As per Tuesday, March 27, the company rating was maintained by Bank of America. The firm has “Outperform” rating given on Friday, September 2 by RBC Capital Markets.

Rr Advisors Llc, which manages about $1.13 billion and $719.87 million US Long portfolio, upped its stake in Mid Con Energy Partners Lp (NASDAQ:MCEP) by 933,000 shares to 2.36M shares, valued at $2.78 million in 2017Q4, according to the filing. It also increased its holding in Noble Midstream Partners Lp by 62,000 shares in the quarter, for a total of 387,000 shares, and has risen its stake in Enlink Midstream Llc (NYSE:ENLC).

More news for EnLink Midstream Partners, LP (NYSE:ENLK) were recently published by: Prnewswire.com, which released: “EnLink Midstream to Participate in Investor Conferences” on May 21, 2018. Seekingalpha.com‘s article titled: “Highlights From Devon’s Well-Received Q1 Report” and published on May 04, 2018 is yet another important article.

Analysts await EnLink Midstream Partners, LP (NYSE:ENLK) to report earnings on August, 1. ENLK’s profit will be $28.15 million for 51.53 P/E if the $0.08 EPS becomes a reality. After $0.06 actual earnings per share reported by EnLink Midstream Partners, LP for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

More news for NN, Inc. (NASDAQ:NNBR) were recently published by: Nasdaq.com, which released: “Consolidated Research: 2018 Summary Expectations for RPX, Cotiviti, NN, Dynex Capital, ChromaDex, and Cogent …” on April 25, 2018. Seekingalpha.com‘s article titled: “NN’s (NNBR) CEO Richard Holder on Q1 2018 Results – Earnings Call Transcript” and published on May 12, 2018 is yet another important article.

Among 8 analysts covering NN Inc (NASDAQ:NNBR), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. NN Inc had 12 analyst reports since July 24, 2015 according to SRatingsIntel. As per Monday, March 12, the company rating was maintained by Stifel Nicolaus. KeyBanc Capital Markets maintained the stock with “Buy” rating in Friday, September 15 report. As per Friday, March 11, the company rating was maintained by Avondale. On Friday, July 24 the stock rating was initiated by Stephens with “Overweight”. The stock of NN, Inc. (NASDAQ:NNBR) earned “Buy” rating by Stifel Nicolaus on Tuesday, August 18. Lake Street initiated NN, Inc. (NASDAQ:NNBR) on Wednesday, December 21 with “Buy” rating. As per Thursday, August 3, the company rating was maintained by Stifel Nicolaus. As per Thursday, September 3, the company rating was initiated by William Blair. The firm earned “Hold” rating on Monday, October 26 by Stifel Nicolaus. SunTrust maintained it with “Buy” rating and $35.0 target in Thursday, September 28 report.

Analysts await NN, Inc. (NASDAQ:NNBR) to report earnings on August, 1. They expect $0.37 earnings per share, down 27.45% or $0.14 from last year’s $0.51 per share. NNBR’s profit will be $10.24M for 15.30 P/E if the $0.37 EPS becomes a reality. After $0.32 actual earnings per share reported by NN, Inc. for the previous quarter, Wall Street now forecasts 15.63% EPS growth.

Investors sentiment increased to 1.23 in Q4 2017. Its up 0.27, from 0.96 in 2017Q3. It is positive, as 11 investors sold NNBR shares while 29 reduced holdings. 17 funds opened positions while 32 raised stakes. 24.56 million shares or 0.67% more from 24.40 million shares in 2017Q3 were reported. Victory Cap Mgmt, a Ohio-based fund reported 45,350 shares. 501,909 were accumulated by State Street. 148,368 were reported by First Manhattan Commerce. Invesco reported 37,033 shares. 105,000 are held by Millrace Asset Grp. Ny State Common Retirement Fund has 0% invested in NN, Inc. (NASDAQ:NNBR). Ameritas Ptnrs Incorporated, a Nebraska-based fund reported 2,378 shares. Millennium Lc stated it has 22,086 shares. Bancorporation Of America De has 199,885 shares. Earnest Prtn Limited Liability Com reported 4,900 shares. Barclays Public Lc holds 4,298 shares or 0% of its portfolio. Wellington Mngmt Ltd Liability Partnership owns 1.14M shares. 314,200 are owned by Skylands Limited Company. Us Savings Bank De holds 0% of its portfolio in NN, Inc. (NASDAQ:NNBR) for 8,345 shares. The New York-based D E Shaw Inc has invested 0.01% in NN, Inc. (NASDAQ:NNBR).

Skylands Capital Llc, which manages about $986.41M and $776.20M US Long portfolio, upped its stake in Duluth Hldgs Inc by 150,896 shares to 251,600 shares, valued at $4.49 million in 2017Q4, according to the filing. It also increased its holding in Oclaro Inc (NASDAQ:OCLR) by 152,100 shares in the quarter, for a total of 296,100 shares, and has risen its stake in Dunkin Brands Group Inc (NASDAQ:DNKN).

NN, Inc. (NASDAQ:NNBR) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By1 Richard Conner

Automatic Stock Updates

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: