Peconic Partners Holding in Hi (HCLP) Decreased by $360,000; Klingenstein Fields & Co Holds Stake in General Electric Co (GE)

February 12, 2018 - By Peter Erickson

Klingenstein Fields & Co Llc increased its stake in General Electric Co (GE) by 11.73% based on its latest 2017Q3 regulatory filing with the SEC. Klingenstein Fields & Co Llc bought 177,678 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 1.69M shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $40.94 million, up from 1.52M at the end of the previous reported quarter. Klingenstein Fields & Co Llc who had been investing in General Electric Co for a number of months, seems to be bullish on the $129.08B market cap company. The stock decreased 0.37% or $0.055 during the last trading session, reaching $14.885. About 44.36 million shares traded. General Electric Company (NYSE:GE) has declined 4.46% since February 12, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

William Harnisch decreased its stake in Hi (HCLP) by 37.25% based on its latest 2017Q3 regulatory filing with the SEC. Peconic Partners Llc sold 40,000 shares as the company’s stock declined 29.11% while stock markets rallied. The hedge fund run by William Harnisch held 67,380 shares of the mining & quarrying of nonmetallic minerals (no fuels) company at the end of 2017Q3, valued at $640,000, down from 107,380 at the end of the previous reported quarter. Peconic Partners Llc who had been investing in Hi for a number of months, seems to be less bullish one the $1.10B market cap company. The stock increased 6.89% or $0.77 during the last trading session, reaching $12.02. About 963,245 shares traded. Hi-Crush Partners LP (NYSE:HCLP) has risen 114.79% since February 12, 2017 and is uptrending. It has outperformed by 98.09% the S&P500.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.78, from 1.66 in 2017Q2. It dived, as 21 investors sold HCLP shares while 30 reduced holdings. 17 funds opened positions while 28 raised stakes. 37.15 million shares or 16.45% less from 44.46 million shares in 2017Q2 were reported. L And S Advisors holds 0.21% or 134,575 shares in its portfolio. Comml Bank Of America De owns 4.84 million shares. Westwood Group Inc Incorporated holds 0% or 4,500 shares. Goldman Sachs Grp holds 3.59M shares. Lpl Financial Ltd Liability has 0% invested in Hi-Crush Partners LP (NYSE:HCLP) for 23,478 shares. Hudock Group Ltd Liability Corp reported 542 shares stake. Virtu Financial Lc stated it has 32,457 shares. Winfield Assoc Incorporated accumulated 1,000 shares. Gsa Ptnrs Llp holds 13,622 shares. Parkwood Ltd, a Ohio-based fund reported 59,559 shares. Kayne Anderson Capital Advisors Limited Partnership holds 0.11% in Hi-Crush Partners LP (NYSE:HCLP) or 923,100 shares. Credit Suisse Ag, a Switzerland-based fund reported 576,465 shares. Ardsley Advisory Ptnrs reported 0.8% stake. Natixis owns 734,000 shares for 0.06% of their portfolio. 69,800 are owned by Sg Americas Ltd Llc.

Peconic Partners Llc, which manages about $661.53M and $620.13M US Long portfolio, upped its stake in T Mobile Us Inc (Call) (NYSE:TMUS) by 20,000 shares to 30,000 shares, valued at $1.85 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 6,000 shares in the quarter, for a total of 11,000 shares, and has risen its stake in Alps Etf Tr (AMLP).

Analysts await Hi-Crush Partners LP (NYSE:HCLP) to report earnings on February, 20. They expect $0.50 earnings per share, up 554.55% or $0.61 from last year’s $-0.11 per share. HCLP’s profit will be $45.55 million for 6.01 P/E if the $0.50 EPS becomes a reality. After $0.32 actual earnings per share reported by Hi-Crush Partners LP for the previous quarter, Wall Street now forecasts 56.25% EPS growth.

Among 18 analysts covering Hi-Crush Partners (NYSE:HCLP), 11 have Buy rating, 3 Sell and 4 Hold. Therefore 61% are positive. Hi-Crush Partners had 54 analyst reports since July 24, 2015 according to SRatingsIntel. Wunderlich maintained the stock with “Hold” rating in Monday, May 2 report. The firm earned “Buy” rating on Tuesday, October 31 by Piper Jaffray. Piper Jaffray initiated the shares of HCLP in report on Monday, September 25 with “Buy” rating. On Monday, September 28 the stock rating was maintained by UBS with “Buy”. Wunderlich maintained the shares of HCLP in report on Thursday, October 1 with “Hold” rating. The firm has “Buy” rating by Jefferies given on Monday, August 28. Cowen & Co maintained the shares of HCLP in report on Monday, January 29 with “Buy” rating. Cowen & Co maintained the shares of HCLP in report on Friday, August 7 with “Outperform” rating. The firm has “Accumulate” rating given on Friday, June 23 by Johnson Rice. As per Thursday, July 30, the company rating was upgraded by Robert W. Baird.

Since August 22, 2017, it had 2 buys, and 0 sales for $2.50 million activity. Shares for $43,446 were bought by DIMITRIEF ALEXANDER.

Among 28 analysts covering General Electric Company (NYSE:GE), 9 have Buy rating, 5 Sell and 14 Hold. Therefore 32% are positive. General Electric Company had 88 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Monday, October 30 by Deutsche Bank. The company was initiated on Thursday, May 12 by JP Morgan. The stock has “Market Perform” rating by Cowen & Co on Tuesday, June 7. The rating was maintained by Deutsche Bank on Tuesday, November 21 with “Sell”. The firm has “Outperform” rating given on Friday, December 16 by Bernstein. The rating was maintained by BMO Capital Markets on Thursday, March 23 with “Hold”. Bernstein downgraded the shares of GE in report on Monday, April 4 to “Market Perform” rating. The rating was downgraded by Bank of America on Monday, January 22 to “Hold”. The firm earned “Neutral” rating on Wednesday, April 26 by Bank of America. The stock of General Electric Company (NYSE:GE) has “Buy” rating given on Monday, July 10 by RBC Capital Markets.

Investors sentiment decreased to 0.69 in 2017 Q3. Its down 0.10, from 0.79 in 2017Q2. It turned negative, as 112 investors sold GE shares while 818 reduced holdings. 118 funds opened positions while 525 raised stakes. 4.70 billion shares or 1.82% more from 4.61 billion shares in 2017Q2 were reported. Exxonmobil Investment Management Incorporated Tx, Texas-based fund reported 1.58 million shares. Lbmc Invest Advsrs Limited Liability Corporation reported 13,628 shares. Legacy Private reported 0.27% stake. Mcmillion Cap reported 1.75% of its portfolio in General Electric Company (NYSE:GE). America First Invest Advsr Ltd Liability Corp has 20,365 shares. 139,369 are held by Bridges Management Incorporated. Paragon Cap Mgmt Limited Liability Company holds 0.1% or 12,743 shares. Bancorpsouth reported 135,484 shares. Teachers Retirement Sys Of The State Of Kentucky reported 0.28% stake. Iron Fin Limited Liability Com reported 12,296 shares stake. Gfs Advsrs Limited Liability Corp has 3.48% invested in General Electric Company (NYSE:GE). Highstreet Asset Management has invested 0.22% in General Electric Company (NYSE:GE). Jennison Assoc holds 0.06% of its portfolio in General Electric Company (NYSE:GE) for 2.29 million shares. Lincoln Capital Ltd Liability has invested 0.14% in General Electric Company (NYSE:GE). Rafferty Asset Mngmt Ltd Liability Corporation invested in 89,597 shares.

Klingenstein Fields & Co Llc, which manages about $3.18 billion and $2.60B US Long portfolio, decreased its stake in Medtronic Plc (NYSE:MDT) by 15,497 shares to 356,122 shares, valued at $27.70 million in 2017Q3, according to the filing. It also reduced its holding in Amazon.Com Inc (NASDAQ:AMZN) by 1,966 shares in the quarter, leaving it with 27,499 shares, and cut its stake in Thermo Fisher Scientific Inc (NYSE:TMO).

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By1 Peter Erickson

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