Entergy New (ETR) Holder Citigroup Has Boosted Holding; As Kraton (KRA) Valuation Rose, Shareholder Lumbard & Kellner Trimmed Its Holding by $308,000

February 15, 2018 - By Vivian Currie

Citigroup Inc increased its stake in Entergy Corp New (ETR) by 3151.4% based on its latest 2017Q3 regulatory filing with the SEC. Citigroup Inc bought 63,028 shares as the company’s stock rose 2.91% with the market. The institutional investor held 65,028 shares of the central company at the end of 2017Q3, valued at $4.97M, up from 2,000 at the end of the previous reported quarter. Citigroup Inc who had been investing in Entergy Corp New for a number of months, seems to be bullish on the $13.50 billion market cap company. The stock increased 1.24% or $0.92 during the last trading session, reaching $74.9. About 721,749 shares traded. Entergy Corporation (NYSE:ETR) has risen 1.84% since February 15, 2017 and is uptrending. It has underperformed by 14.86% the S&P500.

Lumbard & Kellner Llc decreased its stake in Kraton Corporation (KRA) by 5.65% based on its latest 2017Q3 regulatory filing with the SEC. Lumbard & Kellner Llc sold 7,700 shares as the company’s stock rose 27.98% with the market. The institutional investor held 128,483 shares of the basic industries company at the end of 2017Q3, valued at $5.20 million, down from 136,183 at the end of the previous reported quarter. Lumbard & Kellner Llc who had been investing in Kraton Corporation for a number of months, seems to be less bullish one the $1.56B market cap company. The stock decreased 0.22% or $0.11 during the last trading session, reaching $49.88. About 34,517 shares traded. Kraton Corporation (NYSE:KRA) has risen 32.40% since February 15, 2017 and is uptrending. It has outperformed by 15.70% the S&P500.

Since September 29, 2017, it had 0 buys, and 3 insider sales for $1.22 million activity. Simmons James Leo also sold $329,360 worth of Kraton Corporation (NYSE:KRA) on Friday, October 27. Shares for $52,100 were sold by Fogarty Kevin Michael.

Among 4 analysts covering Kraton Performance Polymers (NYSE:KRA), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Kraton Performance Polymers had 6 analyst reports since October 27, 2015 according to SRatingsIntel. The stock of Kraton Corporation (NYSE:KRA) has “Buy” rating given on Wednesday, October 11 by SunTrust. As per Wednesday, October 25, the company rating was maintained by UBS. The stock of Kraton Corporation (NYSE:KRA) has “Sell” rating given on Tuesday, October 27 by UBS. The stock of Kraton Corporation (NYSE:KRA) earned “Hold” rating by KeyBanc Capital Markets on Friday, September 1. The firm earned “Buy” rating on Thursday, October 26 by SunTrust.

Analysts await Kraton Corporation (NYSE:KRA) to report earnings on February, 26. They expect $0.79 EPS, up 172.41% or $0.50 from last year’s $0.29 per share. KRA’s profit will be $24.72 million for 15.78 P/E if the $0.79 EPS becomes a reality. After $1.51 actual EPS reported by Kraton Corporation for the previous quarter, Wall Street now forecasts -47.68% negative EPS growth.

Investors sentiment increased to 1.25 in 2017 Q3. Its up 0.12, from 1.13 in 2017Q2. It increased, as 14 investors sold KRA shares while 46 reduced holdings. 23 funds opened positions while 52 raised stakes. 28.89 million shares or 2.16% less from 29.53 million shares in 2017Q2 were reported. Altalis Mgmt Lc holds 302,310 shares or 8.02% of its portfolio. Bancorporation Of Montreal Can accumulated 114,205 shares. Ameriprise Financial accumulated 345,356 shares or 0.01% of the stock. Mason Street Advsr Limited Liability Company accumulated 0.01% or 7,890 shares. Fmr Lc holds 535,080 shares or 0% of its portfolio. Swiss Savings Bank, a Switzerland-based fund reported 51,100 shares. Weiss Multi reported 100,000 shares. First Mercantile Trust owns 10,288 shares for 0.08% of their portfolio. Riverhead Cap Ltd Liability Corp holds 2,403 shares or 0% of its portfolio. Prudential Incorporated stated it has 0% of its portfolio in Kraton Corporation (NYSE:KRA). Arizona-based Arizona State Retirement Sys has invested 0.01% in Kraton Corporation (NYSE:KRA). Comerica Retail Bank reported 0.01% stake. Wedge L LP Nc holds 0% or 7,311 shares in its portfolio. Aqr Cap Management Ltd stated it has 12,428 shares. Nationwide Fund reported 21,106 shares.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.19, from 0.89 in 2017Q2. It increased, as 26 investors sold ETR shares while 165 reduced holdings. 60 funds opened positions while 147 raised stakes. 146.03 million shares or 0.84% less from 147.26 million shares in 2017Q2 were reported. Savings Bank Of Montreal Can has 0.1% invested in Entergy Corporation (NYSE:ETR). Keybank National Association Oh holds 0% in Entergy Corporation (NYSE:ETR) or 4,735 shares. Moreover, Glenmede Tru Na has 0% invested in Entergy Corporation (NYSE:ETR). Cubist Systematic Strategies Ltd Liability Com invested in 0.14% or 32,851 shares. Georgia-based Voya Invest Mgmt Ltd has invested 0.02% in Entergy Corporation (NYSE:ETR). Prudential Inc invested 0.07% in Entergy Corporation (NYSE:ETR). Great West Life Assurance Com Can holds 217,912 shares or 0.04% of its portfolio. Cleararc Capital reported 0.05% in Entergy Corporation (NYSE:ETR). Oppenheimer And Com Incorporated has invested 0.01% in Entergy Corporation (NYSE:ETR). Hillsdale Invest Mgmt holds 0% or 45 shares. Gemmer Asset Ltd Limited Liability Company invested 0% in Entergy Corporation (NYSE:ETR). Moreover, Private Advisor Gru Ltd Liability Co has 0.01% invested in Entergy Corporation (NYSE:ETR). Dt Prns Ltd Liability Co has invested 0.32% in Entergy Corporation (NYSE:ETR). Commercial Bank Of The Ozarks invested in 0.13% or 3,993 shares. Farmers Merchants Invests Inc owns 201 shares.

Since August 17, 2017, it had 0 insider purchases, and 14 insider sales for $3.60 million activity. On Friday, October 13 Brown Marcus V sold $123,000 worth of Entergy Corporation (NYSE:ETR) or 1,500 shares. 1,000 shares valued at $77,780 were sold by Rainer Sallie T on Thursday, August 17. On Friday, October 13 the insider Riley Richard C sold $205,000. Shares for $324,522 were sold by FISACKERLY HALEY. HINNENKAMP PAUL D had sold 2,300 shares worth $193,200 on Tuesday, October 17. $560,490 worth of Entergy Corporation (NYSE:ETR) was sold by VINCI DONALD W on Thursday, October 19.

Among 16 analysts covering Entergy Corporation (NYSE:ETR), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Entergy Corporation had 59 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Friday, June 2 with “Hold”. As per Thursday, October 12, the company rating was maintained by JP Morgan. Bank of America upgraded Entergy Corporation (NYSE:ETR) rating on Tuesday, January 12. Bank of America has “Buy” rating and $72.0 target. The firm earned “Neutral” rating on Wednesday, October 14 by Mizuho. On Monday, November 13 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The stock has “Hold” rating by Deutsche Bank on Wednesday, October 26. The rating was downgraded by Morgan Stanley to “Underweight” on Thursday, October 27. Citigroup initiated the stock with “Neutral” rating in Friday, September 18 report. The firm earned “Equal-Weight” rating on Thursday, September 21 by Morgan Stanley. Citigroup maintained it with “Neutral” rating and $83 target in Wednesday, July 20 report.

Citigroup Inc, which manages about $122.18B US Long portfolio, decreased its stake in Sina Corp (NASDAQ:SINA) by 19,730 shares to 29,070 shares, valued at $3.33 million in 2017Q3, according to the filing. It also reduced its holding in Veeco Instrs Inc Del (NASDAQ:VECO) by 40,866 shares in the quarter, leaving it with 69,793 shares, and cut its stake in Hilton Worldwide Hldgs Inc.

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By1 Vivian Currie

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