Keycorp New (KEY) Holder Alyeska Investment Group LP Has Cut Position by $112.54 Million as Share Value Declined; Marsico Capital Management Position in Lululemon Athletica (LULU) Has Lowered as Stock Price Declined

February 21, 2018 - By Linda Rogers

Marsico Capital Management Llc decreased its stake in Lululemon Athletica Inc (LULU) by 77.98% based on its latest 2017Q3 regulatory filing with the SEC. Marsico Capital Management Llc sold 272,619 shares as the company’s stock declined 26.14% while stock markets rallied. The institutional investor held 76,975 shares of the apparel company at the end of 2017Q3, valued at $4.79 million, down from 349,594 at the end of the previous reported quarter. Marsico Capital Management Llc who had been investing in Lululemon Athletica Inc for a number of months, seems to be less bullish one the $10.99B market cap company. The stock increased 0.71% or $0.57 during the last trading session, reaching $81.15. About 898,364 shares traded. Lululemon Athletica Inc. (NASDAQ:LULU) has declined 19.33% since February 21, 2017 and is downtrending. It has underperformed by 36.03% the S&P500.

Anand Parekh decreased its stake in Keycorp New (KEY) by 98.47% based on its latest 2017Q3 regulatory filing with the SEC. Alyeska Investment Group Lp sold 6.25 million shares as the company’s stock declined 6.49% while stock markets rallied. The hedge fund run by Anand Parekh held 97,423 shares of the major banks company at the end of 2017Q3, valued at $1.83M, down from 6.35 million at the end of the previous reported quarter. Alyeska Investment Group Lp who had been investing in Keycorp New for a number of months, seems to be less bullish one the $22.52 billion market cap company. The stock increased 0.53% or $0.11 during the last trading session, reaching $21.06. About 6.45 million shares traded. KeyCorp (NYSE:KEY) has risen 43.10% since February 21, 2017 and is uptrending. It has outperformed by 26.40% the S&P500.

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.24, from 0.96 in 2017Q2. It improved, as 29 investors sold LULU shares while 89 reduced holdings. 54 funds opened positions while 88 raised stakes. 105.19 million shares or 0.45% more from 104.73 million shares in 2017Q2 were reported. Glenmede Communication Na accumulated 2,188 shares or 0% of the stock. Trillium Asset Mngmt Lc stated it has 109,932 shares or 0.39% of all its holdings. Walleye Trading Ltd Liability Company reported 0% stake. Wells Fargo And Mn holds 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 116,834 shares. Invesco Limited holds 0% or 94,548 shares in its portfolio. Moreover, Mackenzie Financial has 0% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 3,727 shares. Peoples Finance Services Corp invested 0.01% in Lululemon Athletica Inc. (NASDAQ:LULU). Iowa-based Principal Grp Inc has invested 0.01% in Lululemon Athletica Inc. (NASDAQ:LULU). 969,653 are held by Geode Capital Management Llc. The Florida-based Ruggie Capital Grp has invested 0% in Lululemon Athletica Inc. (NASDAQ:LULU). Livforsakringsbolaget Skandia Omsesidigt owns 0.01% invested in Lululemon Athletica Inc. (NASDAQ:LULU) for 2,121 shares. Numeric Lc reported 15,400 shares. Commonwealth Financial Bank Of Australia holds 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU) for 100 shares. Metropolitan Life Ins Ny has invested 0% of its portfolio in Lululemon Athletica Inc. (NASDAQ:LULU). Edgewood Mgmt Limited Company holds 0% or 11,083 shares.

Analysts await Lululemon Athletica Inc. (NASDAQ:LULU) to report earnings on April, 4. They expect $1.27 earnings per share, up 27.00% or $0.27 from last year’s $1 per share. LULU’s profit will be $171.93M for 15.97 P/E if the $1.27 EPS becomes a reality. After $0.56 actual earnings per share reported by Lululemon Athletica Inc. for the previous quarter, Wall Street now forecasts 126.79% EPS growth.

Since February 12, 2018, it had 0 insider buys, and 1 sale for $211.00 million activity.

Among 40 analysts covering Lululemon Athletica Inc. (NASDAQ:LULU), 23 have Buy rating, 1 Sell and 16 Hold. Therefore 58% are positive. Lululemon Athletica Inc. had 180 analyst reports since August 18, 2015 according to SRatingsIntel. As per Monday, May 16, the company rating was maintained by Bank of America. Bernstein maintained the shares of LULU in report on Monday, March 28 with “Market Perform” rating. Mizuho maintained Lululemon Athletica Inc. (NASDAQ:LULU) on Thursday, September 10 with “Neutral” rating. Bernstein downgraded Lululemon Athletica Inc. (NASDAQ:LULU) on Thursday, December 10 to “Mkt Perform” rating. Canaccord Genuity maintained the shares of LULU in report on Sunday, January 7 with “Hold” rating. Wells Fargo reinitiated the stock with “Market Perform” rating in Thursday, October 22 report. Cowen & Co maintained the stock with “Buy” rating in Thursday, July 20 report. On Tuesday, November 29 the stock rating was initiated by Buckingham Research with “Neutral”. The stock of Lululemon Athletica Inc. (NASDAQ:LULU) has “Hold” rating given on Thursday, March 30 by Deutsche Bank. The firm has “Buy” rating by Jefferies given on Monday, January 4.

Marsico Capital Management Llc, which manages about $17.14B and $2.49B US Long portfolio, upped its stake in Netflix Inc (NASDAQ:NFLX) by 119,885 shares to 328,420 shares, valued at $59.56M in 2017Q3, according to the filing. It also increased its holding in Paypal Hldgs Inc by 202,421 shares in the quarter, for a total of 2.12 million shares, and has risen its stake in Vantiv Inc (NYSE:VNTV).

Among 34 analysts covering Keycorp (NYSE:KEY), 21 have Buy rating, 2 Sell and 11 Hold. Therefore 62% are positive. Keycorp had 108 analyst reports since July 20, 2015 according to SRatingsIntel. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by BMO Capital Markets on Thursday, June 22. The stock of KeyCorp (NYSE:KEY) earned “Buy” rating by Piper Jaffray on Friday, August 25. FBR Capital maintained KeyCorp (NYSE:KEY) rating on Friday, January 22. FBR Capital has “Mkt Perform” rating and $12.50 target. As per Wednesday, August 12, the company rating was maintained by Deutsche Bank. The firm has “Buy” rating given on Thursday, January 18 by BMO Capital Markets. Vetr downgraded KeyCorp (NYSE:KEY) on Friday, August 28 to “Strong-Buy” rating. The rating was maintained by Keefe Bruyette & Woods with “Buy” on Monday, August 14. As per Tuesday, October 25, the company rating was upgraded by Rafferty. Stephens upgraded KeyCorp (NYSE:KEY) on Friday, January 22 to “Overweight” rating. The stock of KeyCorp (NYSE:KEY) has “Buy” rating given on Thursday, July 20 by Nomura.

Since October 24, 2017, it had 1 insider buy, and 4 sales for $2.34 million activity. The insider Harris Paul N sold $51,122. $1.18 million worth of stock was sold by Gorman Christopher M. on Thursday, February 15. $869,610 worth of KeyCorp (NYSE:KEY) shares were sold by Paine Andrew J III. $250,639 worth of stock was sold by Buffie Craig A on Monday, January 22.

Alyeska Investment Group Lp, which manages about $3.14 billion and $12.39 billion US Long portfolio, upped its stake in Mallinckrodt Pub Ltd Co (NYSE:MNK) by 482,591 shares to 1.54M shares, valued at $57.39M in 2017Q3, according to the filing. It also increased its holding in Paratek Pharmaceuticals Inc (NASDAQ:PRTK) by 756,535 shares in the quarter, for a total of 916,349 shares, and has risen its stake in Schein Henry Inc (NASDAQ:HSIC).

Analysts await KeyCorp (NYSE:KEY) to report earnings on April, 19. They expect $0.39 EPS, up 21.88% or $0.07 from last year’s $0.32 per share. KEY’s profit will be $416.94M for 13.50 P/E if the $0.39 EPS becomes a reality. After $0.36 actual EPS reported by KeyCorp for the previous quarter, Wall Street now forecasts 8.33% EPS growth.

Investors sentiment decreased to 1.1 in Q3 2017. Its down 0.08, from 1.18 in 2017Q2. It dived, as 46 investors sold KEY shares while 196 reduced holdings. 67 funds opened positions while 200 raised stakes. 841.58 million shares or 1.81% less from 857.12 million shares in 2017Q2 were reported. 44,820 are held by Neuberger Berman Group Inc Lc. Moreover, Bokf Na has 0.01% invested in KeyCorp (NYSE:KEY). Driehaus Management Llc holds 0.15% of its portfolio in KeyCorp (NYSE:KEY) for 198,000 shares. Jacobs Asset Mgmt Llc invested 2.42% of its portfolio in KeyCorp (NYSE:KEY). Atwood Palmer Inc reported 300 shares stake. Citigroup reported 718,631 shares stake. Susquehanna Intl Grp Inc Llp holds 0% or 26,553 shares. Creative Planning holds 95,740 shares or 0.01% of its portfolio. Lpl Ltd Limited Liability Company has invested 0.01% in KeyCorp (NYSE:KEY). Cramer Rosenthal Mcglynn Ltd Limited Liability Company accumulated 6.07M shares. The California-based Aperio Gru Limited Liability Com has invested 0.08% in KeyCorp (NYSE:KEY). First Manhattan Company owns 15,410 shares or 0% of their US portfolio. 4.36M are owned by Wells Fargo & Mn. Retirement Sys Of Alabama owns 2.03 million shares for 0.2% of their portfolio. State Of Alaska Department Of Revenue holds 0.13% or 133,832 shares.

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By1 Linda Rogers

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