Old Republic International Trimmed Holding in Eaton Vance (EV) by $2.79 Million; Tricadia Capital Management Raised Spirit Rlty Cap New (SRC) Position by $5.35 Million as Shares Declined

January 12, 2018 - By Vivian Currie

Michael Barnes increased its stake in Spirit Rlty Cap Inc New (SRC) by 45.67% based on its latest 2017Q3 regulatory filing with the SEC. Tricadia Capital Management Llc bought 669,000 shares as the company’s stock declined 32.65% while stock markets rallied. The hedge fund run by Michael Barnes held 2.13 million shares of the consumer services company at the end of 2017Q3, valued at $18.29 million, up from 1.47M at the end of the previous reported quarter. Tricadia Capital Management Llc who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be bullish on the $3.70B market cap company. The stock decreased 0.31% or $0.025 during the last trading session, reaching $8.105. About 5.38M shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has declined 36.20% since January 12, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Old Republic International Corp decreased its stake in Eaton Vance Corp (EV) by 15.08% based on its latest 2017Q3 regulatory filing with the SEC. Old Republic International Corp sold 57,000 shares as the company’s stock rose 3.10% with the market. The institutional investor held 321,000 shares of the investment managers company at the end of 2017Q3, valued at $15.85 million, down from 378,000 at the end of the previous reported quarter. Old Republic International Corp who had been investing in Eaton Vance Corp for a number of months, seems to be less bullish one the $6.92 billion market cap company. The stock increased 0.75% or $0.45 during the last trading session, reaching $60.44. About 509,781 shares traded. Eaton Vance Corp. (NYSE:EV) has risen 29.11% since January 12, 2017 and is uptrending. It has outperformed by 12.41% the S&P500.

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.31, from 0.98 in 2017Q2. It increased, as 29 investors sold SRC shares while 73 reduced holdings. 45 funds opened positions while 87 raised stakes. 417.60 million shares or 1.85% less from 425.47 million shares in 2017Q2 were reported. Franklin Res has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 29,067 shares. Japan-based Sumitomo Mitsui Holdings has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). Alliancebernstein Limited Partnership reported 521,746 shares. Endowment Mgmt LP owns 57,000 shares for 0.07% of their portfolio. First Manhattan holds 0% or 25,000 shares in its portfolio. Voya Invest Management Limited Com holds 0% or 135,695 shares in its portfolio. Canada Pension Plan Board holds 0% in Spirit Realty Capital, Inc. (NYSE:SRC) or 239,500 shares. Cibc Asset Mgmt Inc stated it has 0% in Spirit Realty Capital, Inc. (NYSE:SRC). 4.00M are held by Jpmorgan Chase Company. Natl Bank Of America Corporation De reported 1.58 million shares. Goodwin Daniel L stated it has 0.25% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Gsa Cap Prtn Llp has 0.03% invested in Spirit Realty Capital, Inc. (NYSE:SRC). The New York-based Millennium Management Limited Co has invested 0.06% in Spirit Realty Capital, Inc. (NYSE:SRC). 10,314 were reported by Lincoln. Daiwa Securities holds 45,400 shares or 0% of its portfolio.

Among 17 analysts covering Spirit Realty Capital (NYSE:SRC), 8 have Buy rating, 0 Sell and 9 Hold. Therefore 47% are positive. Spirit Realty Capital had 47 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was upgraded by Robert W. Baird on Monday, November 21 to “Outperform”. The rating was upgraded by Mizuho to “Neutral” on Monday, July 10. UBS initiated Spirit Realty Capital, Inc. (NYSE:SRC) rating on Monday, September 26. UBS has “Buy” rating and $14 target. The rating was maintained by Ladenburg on Friday, August 4 with “Hold”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 7 report. Mizuho downgraded the stock to “Underperform” rating in Friday, May 5 report. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Neutral” rating given on Thursday, January 7 by Robert W. Baird. The firm earned “Underperform” rating on Monday, December 5 by Bank of America. UBS upgraded it to “Buy” rating and $13 target in Wednesday, April 27 report. JP Morgan initiated Spirit Realty Capital, Inc. (NYSE:SRC) on Friday, December 16 with “Overweight” rating.

Tricadia Capital Management Llc, which manages about $3.88 billion and $231.26M US Long portfolio, decreased its stake in Modine Mfg Co (NYSE:MOD) by 38,255 shares to 179,350 shares, valued at $3.45M in 2017Q3, according to the filing. It also reduced its holding in On Deck Cap Inc by 439,966 shares in the quarter, leaving it with 793,671 shares, and cut its stake in Pampa Energia S A (NYSE:PAM).

Among 13 analysts covering Eaton Vance Corp. (NYSE:EV), 3 have Buy rating, 0 Sell and 10 Hold. Therefore 23% are positive. Eaton Vance Corp. had 43 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Friday, August 19 by Keefe Bruyette & Woods. On Wednesday, October 7 the stock rating was maintained by Jefferies with “Hold”. The firm has “Neutral” rating given on Tuesday, January 19 by Susquehanna. Keefe Bruyette & Woods maintained it with “Hold” rating and $60.0 target in Thursday, December 21 report. The stock of Eaton Vance Corp. (NYSE:EV) earned “Hold” rating by Keefe Bruyette & Woods on Friday, July 28. On Wednesday, August 23 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The rating was maintained by Bank of America on Tuesday, October 31 with “Neutral”. The firm earned “Hold” rating on Wednesday, August 2 by Jefferies. The firm has “Neutral” rating by Susquehanna given on Thursday, September 3. On Tuesday, February 21 the stock rating was upgraded by Bank of America to “Neutral”.

Analysts await Eaton Vance Corp. (NYSE:EV) to report earnings on February, 28. They expect $0.69 earnings per share, up 30.19% or $0.16 from last year’s $0.53 per share. EV’s profit will be $78.94 million for 21.90 P/E if the $0.69 EPS becomes a reality. After $0.70 actual earnings per share reported by Eaton Vance Corp. for the previous quarter, Wall Street now forecasts -1.43% negative EPS growth.

Investors sentiment decreased to 1.07 in Q3 2017. Its down 0.49, from 1.56 in 2017Q2. It dropped, as 42 investors sold EV shares while 87 reduced holdings. 40 funds opened positions while 98 raised stakes. 79.77 million shares or 1.27% more from 78.77 million shares in 2017Q2 were reported. M&T Savings Bank Corporation reported 9,132 shares. Fiduciary Communication invested in 0.88% or 580,364 shares. First National Bank & Trust Of Hutchinson owns 4,900 shares or 0.15% of their US portfolio. 174,372 are owned by Prudential Financial Inc. Advsr Asset Mgmt invested in 58,301 shares or 0.05% of the stock. California Public Employees Retirement Sys reported 0.02% in Eaton Vance Corp. (NYSE:EV). Fincl Bank Of The West owns 0.05% invested in Eaton Vance Corp. (NYSE:EV) for 7,804 shares. Northeast Invest Management owns 78,070 shares. Mason Street Advisors Llc reported 57,070 shares. Earnest Prns Limited Liability Co stated it has 1.80M shares. Three Corner Global Investors Lp has 253,000 shares. Aqr Capital Ltd Liability Corporation stated it has 181,784 shares or 0.01% of all its holdings. Sei Invests Company has invested 0.01% in Eaton Vance Corp. (NYSE:EV). Cambridge Trust Com reported 0.63% stake. Cornerstone Limited Liability Com holds 43,853 shares or 0.02% of its portfolio.

Old Republic International Corp, which manages about $3.02 billion US Long portfolio, upped its stake in Grainger Ww Inc (NYSE:GWW) by 23,000 shares to 150,000 shares, valued at $26.96 million in 2017Q3, according to the filing. It also increased its holding in General Mills Inc (NYSE:GIS) by 50,000 shares in the quarter, for a total of 516,700 shares, and has risen its stake in Paychex Inc (NASDAQ:PAYX).

Since August 31, 2017, it had 0 insider purchases, and 19 sales for $30.78 million activity. Langstraat Brian D. had sold 12,867 shares worth $634,424. SMITH WINTHROP H JR had sold 6,865 shares worth $335,766 on Wednesday, September 27. 24,140 shares were sold by BEALE JEFFREY P, worth $1.24 million on Wednesday, October 18. 6,865 shares were sold by HIGDON LEO I JR, worth $330,085. Another trade for 82,617 shares valued at $4.24 million was sold by Witkos Matthew J. PUHY DOROTHY E sold $304,105 worth of stock.

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