Sumitomo Mitsui Trust Holdings Has Lifted By $2.16 Million Its Mccormick & Co (MKC) Stake; Shorts at Sprague Resources Lpunits Representing Lim (SRLP) Raised By 51.17%

May 16, 2018 - By Peter Erickson

Sprague Resources LP (NYSE:SRLP) Logo

Sprague Resources Lpunits Representing Lim (NYSE:SRLP) had an increase of 51.17% in short interest. SRLP’s SI was 109,600 shares in May as released by FINRA. Its up 51.17% from 72,500 shares previously. With 76,900 avg volume, 1 days are for Sprague Resources Lpunits Representing Lim (NYSE:SRLP)’s short sellers to cover SRLP’s short positions. The SI to Sprague Resources Lpunits Representing Lim’s float is 1.23%. The stock decreased 1.35% or $0.3125 during the last trading session, reaching $22.8375. About 20,844 shares traded. Sprague Resources LP (NYSE:SRLP) has declined 11.28% since May 16, 2017 and is downtrending. It has underperformed by 22.83% the S&P500.

Sumitomo Mitsui Trust Holdings Inc increased Mccormick & Co (MKC) stake by 5.49% reported in 2017Q4 SEC filing. Sumitomo Mitsui Trust Holdings Inc acquired 21,383 shares as Mccormick & Co (MKC)’s stock rose 5.33%. The Sumitomo Mitsui Trust Holdings Inc holds 411,194 shares with $41.91M value, up from 389,811 last quarter. Mccormick & Co now has $13.90B valuation. The stock decreased 0.09% or $0.095 during the last trading session, reaching $105.875. About 198,161 shares traded. McCormick & Company, Incorporated (NYSE:MKC) has risen 5.91% since May 16, 2017 and is uptrending. It has underperformed by 5.64% the S&P500.

More important recent Sprague Resources LP (NYSE:SRLP) news were published by: Globenewswire.com which released: “Sprague Resources LP Announces Chief Accounting Officer Retirement and Appointment” on May 15, 2018, also Globenewswire.com published article titled: “Sprague Resources LP Reports First Quarter 2018 Results”, Seekingalpha.com published: “Sprague Resources’ (SRLP) CEO David Glendon on Q1 2018 Results – Earnings Call Transcript” on May 12, 2018. More interesting news about Sprague Resources LP (NYSE:SRLP) was released by: Globenewswire.com and their article: “Sprague Resources LP Announces Cash Distribution for the First Quarter of 2018 and Earnings Conference Call …” with publication date: April 26, 2018.

Among 7 analysts covering Sprague Resources (NYSE:SRLP), 4 have Buy rating, 2 Sell and 1 Hold. Therefore 57% are positive. Sprague Resources had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by J.P. Morgan to “Sell” on Friday, April 6. As per Monday, January 4, the company rating was upgraded by Raymond James. J.P. Morgan initiated Sprague Resources LP (NYSE:SRLP) rating on Tuesday, November 21. J.P. Morgan has “Hold” rating and $27.0 target. The stock of Sprague Resources LP (NYSE:SRLP) has “Buy” rating given on Wednesday, March 14 by FBR Capital. FBR Capital initiated the stock with “Outperform” rating in Friday, September 9 report. The firm has “Buy” rating by B. Riley & Co given on Tuesday, December 19. The stock has “Underweight” rating by JP Morgan on Friday, April 6. Janney Capital upgraded the stock to “Buy” rating in Monday, March 20 report.

Sprague Resources LP engages in the purchase, storage, distribution, and sale of refined petroleum products and natural gas in the United States. The company has market cap of $519.04 million. The firm operates through four divisions: Refined Products, Natural Gas, Materials Handling, and Other Operations. It has a 20.21 P/E ratio. The Refined Products segment purchases and sells various refined products, such as heating oil, diesel fuel, residual fuel oil, kerosene, jet fuel, gasoline, and asphalt to wholesale and commercial customers.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.29, from 0.89 in 2017Q3. It is positive, as 3 investors sold Sprague Resources LP shares while 8 reduced holdings. 4 funds opened positions while 9 raised stakes. 4.85 million shares or 2.98% less from 5.00 million shares in 2017Q3 were reported. Morgan Stanley has invested 0% in Sprague Resources LP (NYSE:SRLP). Toronto Dominion Bank & Trust invested in 17 shares. Manufacturers Life Insurance Communications The holds 0% or 697 shares in its portfolio. Atlantic Tru Grp Ltd Com has invested 0% of its portfolio in Sprague Resources LP (NYSE:SRLP). Van Eck Corporation accumulated 0.01% or 85,230 shares. State Bank Of America Corporation De accumulated 113,587 shares or 0% of the stock. Cohen & Steers holds 0.01% or 175,942 shares in its portfolio. 300 are owned by Royal Comml Bank Of Canada. Advantus Cap Mgmt Inc owns 0.04% invested in Sprague Resources LP (NYSE:SRLP) for 72,998 shares. Deutsche Fincl Bank Ag holds 0% or 21,017 shares. Tower Capital Limited Liability Co (Trc) owns 0% invested in Sprague Resources LP (NYSE:SRLP) for 878 shares. California Public Employees Retirement System holds 0% or 45,321 shares. Cypress Llc (Wy) reported 400 shares stake. First Republic Mgmt holds 0% of its portfolio in Sprague Resources LP (NYSE:SRLP) for 12,475 shares. Janney Montgomery Scott Limited Liability accumulated 66,640 shares.

Sumitomo Mitsui Trust Holdings Inc decreased Ctrip.Com International (NASDAQ:CTRP) stake by 103,894 shares to 1.21 million valued at $53.14 million in 2017Q4. It also reduced First Republic Bank/Ca (NYSE:FRC) stake by 6,956 shares and now owns 528,273 shares. Foot Locker Inc (NYSE:FL) was reduced too.

Since January 29, 2018, it had 0 buys, and 2 insider sales for $956,964 activity. Shares for $278,002 were sold by Smith Michael R. LITTLE PATRICIA A had sold 6,250 shares worth $678,962 on Monday, January 29.

Investors sentiment decreased to 1.16 in Q4 2017. Its down 0.47, from 1.63 in 2017Q3. It worsened, as 45 investors sold MKC shares while 189 reduced holdings. 64 funds opened positions while 207 raised stakes. 100.61 million shares or 3.03% more from 97.65 million shares in 2017Q3 were reported. Gabelli Funds Limited Liability Corp reported 37,500 shares or 0.02% of all its holdings. Hamlin Mgmt Limited Liability Corp holds 0.01% in McCormick & Company, Incorporated (NYSE:MKC) or 2,700 shares. Pennsylvania-based Argyle Cap Management has invested 0.17% in McCormick & Company, Incorporated (NYSE:MKC). San Francisco Sentry Inv Grp (Ca) accumulated 183 shares or 0.01% of the stock. 15,798 were reported by Pettee. Lazard Asset Mgmt Limited Liability reported 11,584 shares. Mathes has invested 1.19% in McCormick & Company, Incorporated (NYSE:MKC). 196,166 were accumulated by Bradley Foster And Sargent Ct. 3,690 are held by Hemenway Com Limited Liability Corp. 141 are held by Cap Advsr Limited. Millennium Mngmt Limited Liability reported 103,669 shares stake. Focused Wealth Incorporated, New York-based fund reported 38 shares. Azimuth Cap Mgmt Ltd Limited Liability Company owns 68,281 shares. Oakbrook Invs Lc owns 262,457 shares or 1.7% of their US portfolio. Geode Capital Mngmt Ltd Llc owns 0.04% invested in McCormick & Company, Incorporated (NYSE:MKC) for 1.29 million shares.

Sprague Resources LP (NYSE:SRLP) Institutional Positions Chart

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