Sonic Corp. (SONC) Reaches $25.46 After 3.00% Down Move; Hcp (HCP) Shorts Lowered By 17.83%

May 2, 2018 - By Steve Bissell

Sonic Corp. (NASDAQ:SONC) Logo

Hcp Inc (NYSE:HCP) had a decrease of 17.83% in short interest. HCP’s SI was 9.44 million shares in May as released by FINRA. Its down 17.83% from 11.49 million shares previously. With 4.71M avg volume, 2 days are for Hcp Inc (NYSE:HCP)’s short sellers to cover HCP’s short positions. The SI to Hcp Inc’s float is 2.02%. The stock decreased 0.89% or $0.21 during the last trading session, reaching $23.46. About 1.69M shares traded. HCP, Inc. (NYSE:HCP) has declined 25.98% since May 2, 2017 and is downtrending. It has underperformed by 37.53% the S&P500.

The stock of Sonic Corp. (NASDAQ:SONC) is a huge mover today! The stock decreased 3.16% or $0.83 during the last trading session, reaching $25.46. About 263,787 shares traded. Sonic Corp. (NASDAQ:SONC) has risen 8.52% since May 2, 2017 and is uptrending. It has underperformed by 3.03% the S&P500.The move comes after 9 months negative chart setup for the $945.96M company. It was reported on May, 2 by Barchart.com. We have $24.70 PT which if reached, will make NASDAQ:SONC worth $28.38 million less.

Among 21 analysts covering HCP (NYSE:HCP), 6 have Buy rating, 1 Sell and 14 Hold. Therefore 29% are positive. HCP had 78 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of HCP, Inc. (NYSE:HCP) has “Buy” rating given on Wednesday, January 25 by Goldman Sachs. The firm has “Neutral” rating by Citigroup given on Monday, May 16. The firm has “Hold” rating by Robert W. Baird given on Thursday, February 15. The firm earned “Sector Perform” rating on Friday, November 4 by RBC Capital Markets. Jefferies maintained the shares of HCP in report on Thursday, July 13 with “Hold” rating. The company was maintained on Tuesday, November 7 by Stifel Nicolaus. On Monday, April 3 the stock rating was upgraded by Bank of America to “Buy”. The stock of HCP, Inc. (NYSE:HCP) has “Neutral” rating given on Wednesday, March 16 by UBS. The stock has “Hold” rating by BMO Capital Markets on Monday, July 3. The firm has “Equal-Weight” rating by Morgan Stanley given on Monday, March 20.

HCP, Inc. is an independent hybrid real estate investment trust. The company has market cap of $11.17 billion. The fund invests in real estate markets of the United States. It has a 26.66 P/E ratio. It primarily invests in properties serving the healthcare industry including sectors of healthcare such as senior housing, life science, medical office, hospital and skilled nursing.

Investors sentiment increased to 0.89 in Q4 2017. Its up 0.04, from 0.85 in 2017Q3. It is positive, as 59 investors sold HCP, Inc. shares while 174 reduced holdings. 51 funds opened positions while 156 raised stakes. 401.93 million shares or 2.30% less from 411.39 million shares in 2017Q3 were reported. Dimensional Fund Advsrs L P holds 6.89M shares. New Mexico Educational Retirement Board owns 45,077 shares or 0.04% of their US portfolio. Massmutual Fsb Adv accumulated 82,577 shares. Balyasny Asset Mgmt Ltd Liability Co holds 0.04% or 486,041 shares. Kbc Gp Nv holds 51,151 shares or 0.01% of its portfolio. Commonwealth Natl Bank Of Australia stated it has 0.02% of its portfolio in HCP, Inc. (NYSE:HCP). Hightower Advisors Ltd Liability invested in 38,182 shares or 0.01% of the stock. British Columbia Invest Mgmt has 250,789 shares for 0.05% of their portfolio. Connor Clark & Lunn Inv Limited has 10,150 shares. Mark Sheptoff Planning Limited Liability Corp has invested 0.01% in HCP, Inc. (NYSE:HCP). Macroview Inv Management Ltd Limited Liability Company holds 0.03% or 228 shares. Ellington Management Grp Ltd Limited Liability Company reported 8,900 shares stake. 710,590 were reported by State Board Of Administration Of Florida Retirement Systems. Comml Bank holds 0% or 11,136 shares. Amica Retiree reported 2,669 shares.

Since February 13, 2018, it had 1 insider buy, and 0 selling transactions for $306,739 activity. $306,739 worth of HCP, Inc. (NYSE:HCP) was bought by Young Kendall K on Tuesday, February 13.

Since December 13, 2017, it had 0 insider buys, and 4 insider sales for $2.00 million activity. RICHARDSON FRANK E III sold $103,544 worth of Sonic Corp. (NASDAQ:SONC) on Monday, December 18. $238,548 worth of Sonic Corp. (NASDAQ:SONC) was sold by PENA FEDERICO F on Wednesday, January 17.

Among 17 analysts covering Sonic (NASDAQ:SONC), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Sonic had 50 analyst reports since August 25, 2015 according to SRatingsIntel. UBS maintained Sonic Corp. (NASDAQ:SONC) rating on Tuesday, September 20. UBS has “Neutral” rating and $28 target. The stock of Sonic Corp. (NASDAQ:SONC) has “Hold” rating given on Wednesday, March 30 by Jefferies. On Wednesday, March 28 the stock rating was maintained by Canaccord Genuity with “Hold”. Telsey Advisory Group maintained the stock with “Outperform” rating in Wednesday, January 6 report. The company was downgraded on Friday, December 2 by Longbow. The firm earned “Neutral” rating on Tuesday, September 15 by UBS. Deutsche Bank maintained the shares of SONC in report on Wednesday, March 30 with “Hold” rating. The stock has “Buy” rating by Canaccord Genuity on Tuesday, October 25. The firm earned “Market Perform” rating on Tuesday, October 25 by Telsey Advisory Group. The rating was maintained by Cowen & Co with “Market Perform” on Wednesday, March 28.

Analysts await Sonic Corp. (NASDAQ:SONC) to report earnings on June, 28. They expect $0.49 EPS, up 13.95% or $0.06 from last year’s $0.43 per share. SONC’s profit will be $18.21M for 12.99 P/E if the $0.49 EPS becomes a reality. After $0.17 actual EPS reported by Sonic Corp. for the previous quarter, Wall Street now forecasts 188.24% EPS growth.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.27, from 1.15 in 2017Q3. It dived, as 16 investors sold Sonic Corp. shares while 67 reduced holdings. 37 funds opened positions while 36 raised stakes. 43.78 million shares or 5.97% less from 46.56 million shares in 2017Q3 were reported. Meeder Asset Mngmt Inc owns 307 shares. Alliancebernstein Ltd Partnership accumulated 76,605 shares. Trexquant Inv Lp owns 14,828 shares. Thrivent Fincl For Lutherans invested in 25,944 shares or 0% of the stock. Weiss Multi accumulated 68,425 shares. Wellington Management Ltd Liability Partnership reported 191,803 shares or 0% of all its holdings. Ahl Prtn Llp has invested 0.02% in Sonic Corp. (NASDAQ:SONC). Dimensional Fund Advisors L P reported 1.95 million shares. Bluecrest Mgmt invested in 0.01% or 8,871 shares. Vanguard Grp has invested 0% of its portfolio in Sonic Corp. (NASDAQ:SONC). Dupont Cap Mgmt Corp holds 21,751 shares. Swiss State Bank holds 0% in Sonic Corp. (NASDAQ:SONC) or 71,200 shares. California State Teachers Retirement Systems has invested 0% in Sonic Corp. (NASDAQ:SONC). Manufacturers Life Insur The holds 0% of its portfolio in Sonic Corp. (NASDAQ:SONC) for 29,966 shares. Gotham Asset Management Ltd Llc owns 333,412 shares for 0.13% of their portfolio.

Sonic Corp. (NASDAQ:SONC) Institutional Positions Chart

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By1 Steve Bissell

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