Hbk Investments LP Position In United Contl Hldgs (UAL) Was Raised; Cummins (CMI) Shareholder Earnest Partners Has Trimmed Its Holding

January 13, 2018 - By Louis Casey

David Costen Haley increased its stake in United Contl Hldgs Inc (UAL) by 30.7% based on its latest 2017Q3 regulatory filing with the SEC. Hbk Investments LP bought 216,500 shares as the company’s stock rose 2.66% with the market. The hedge fund run by David Costen Haley held 921,600 shares of the transportation company at the end of 2017Q3, valued at $56.11 million, up from 705,100 at the end of the previous reported quarter. Hbk Investments LP who had been investing in United Contl Hldgs Inc for a number of months, seems to be bullish on the $23.23 billion market cap company. The stock increased 2.55% or $1.95 during the last trading session, reaching $78.4. About 4.48 million shares traded. United Continental Holdings, Inc. (NYSE:UAL) has risen 77.19% since January 13, 2017 and is uptrending. It has outperformed by 60.49% the S&P500.

Earnest Partners Llc decreased its stake in Cummins Inc (CMI) by 0.95% based on its latest 2017Q3 regulatory filing with the SEC. Earnest Partners Llc sold 3,780 shares as the company’s stock rose 1.30% with the market. The institutional investor held 393,268 shares of the industrial machinery and components company at the end of 2017Q3, valued at $66.08 million, down from 397,048 at the end of the previous reported quarter. Earnest Partners Llc who had been investing in Cummins Inc for a number of months, seems to be less bullish one the $30.57B market cap company. The stock increased 0.15% or $0.28 during the last trading session, reaching $184.18. About 1.47 million shares traded or 8.43% up from the average. Cummins Inc. (NYSE:CMI) has risen 43.32% since January 13, 2017 and is uptrending. It has outperformed by 26.62% the S&P500.

Among 23 analysts covering United Continental (NYSE:UAL), 10 have Buy rating, 2 Sell and 11 Hold. Therefore 43% are positive. United Continental had 87 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Overweight” rating on Thursday, April 28 by Morgan Stanley. The firm earned “Hold” rating on Monday, August 14 by Cowen & Co. The firm has “Equal-Weight” rating given on Thursday, January 5 by Morgan Stanley. The stock of United Continental Holdings, Inc. (NYSE:UAL) earned “Hold” rating by J.P. Morgan on Friday, September 15. The stock of United Continental Holdings, Inc. (NYSE:UAL) earned “Buy” rating by Stifel Nicolaus on Monday, October 24. The company was upgraded on Wednesday, January 10 by Citigroup. Credit Suisse maintained the shares of UAL in report on Tuesday, April 12 with “Outperform” rating. The stock has “In-Line” rating by Imperial Capital on Friday, October 20. The stock of United Continental Holdings, Inc. (NYSE:UAL) earned “Buy” rating by Stifel Nicolaus on Friday, October 20. The stock of United Continental Holdings, Inc. (NYSE:UAL) earned “Buy” rating by Bank of America on Tuesday, December 6.

Investors sentiment decreased to 0.71 in Q3 2017. Its down 0.08, from 0.79 in 2017Q2. It fall, as 86 investors sold UAL shares while 191 reduced holdings. 56 funds opened positions while 141 raised stakes. 275.39 million shares or 1.64% less from 279.97 million shares in 2017Q2 were reported. Commerzbank Aktiengesellschaft Fi has 67,065 shares for 0.05% of their portfolio. Palo Cap accumulated 10,346 shares or 0.33% of the stock. The Illinois-based Balyasny Asset Management Ltd has invested 0.04% in United Continental Holdings, Inc. (NYSE:UAL). Bluecrest Cap, Guernsey-based fund reported 23,312 shares. Mirae Asset Global Invests holds 0.05% or 40,807 shares. Gotham Asset Management Lc holds 0% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL) for 3,880 shares. Pub Sector Pension Board has 0.09% invested in United Continental Holdings, Inc. (NYSE:UAL). Prelude Cap Limited Co holds 0.11% or 19,273 shares in its portfolio. Caisse De Depot Et Placement Du Quebec has 232,500 shares for 0.03% of their portfolio. Oppenheimer & Company reported 0.04% in United Continental Holdings, Inc. (NYSE:UAL). Oskie Capital Management Ltd Liability accumulated 1.77% or 25,557 shares. 70,000 were reported by Rbf Cap Limited Co. Teewinot Advisers Limited Liability reported 0.9% stake. Leuthold Gp Ltd reported 14,192 shares. Ahl Limited Liability Partnership stated it has 0.11% of its portfolio in United Continental Holdings, Inc. (NYSE:UAL).

Hbk Investments L P, which manages about $18.41 billion and $12.69B US Long portfolio, decreased its stake in Northstar Realty Europe Corp by 28,204 shares to 36,795 shares, valued at $471,000 in 2017Q3, according to the filing. It also reduced its holding in Wabco Hldgs Inc (NYSE:WBC) by 6,500 shares in the quarter, leaving it with 13,300 shares, and cut its stake in Cdk Global Inc (NASDAQ:CDK).

Analysts await Cummins Inc. (NYSE:CMI) to report earnings on February, 8. They expect $2.60 earnings per share, up 15.56% or $0.35 from last year’s $2.25 per share. CMI’s profit will be $431.52M for 17.71 P/E if the $2.60 EPS becomes a reality. After $2.71 actual earnings per share reported by Cummins Inc. for the previous quarter, Wall Street now forecasts -4.06% negative EPS growth.

Among 28 analysts covering Cummins (NYSE:CMI), 7 have Buy rating, 3 Sell and 18 Hold. Therefore 25% are positive. Cummins had 92 analyst reports since July 22, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, April 6 by Buckingham Research. The firm has “Underperform” rating given on Tuesday, December 1 by Bank of America. Piper Jaffray maintained Cummins Inc. (NYSE:CMI) rating on Monday, September 11. Piper Jaffray has “Hold” rating and $159.0 target. As per Wednesday, November 1, the company rating was maintained by Buckingham Research. Piper Jaffray maintained Cummins Inc. (NYSE:CMI) rating on Thursday, April 21. Piper Jaffray has “Overweight” rating and $132 target. The firm has “Hold” rating by Jefferies given on Friday, June 30. The firm earned “Underweight” rating on Wednesday, October 12 by Barclays Capital. The company was downgraded on Tuesday, October 6 by BMO Capital Markets. The rating was downgraded by Standpoint Research on Thursday, July 14 to “Hold”. The stock of Cummins Inc. (NYSE:CMI) earned “Hold” rating by Stifel Nicolaus on Tuesday, October 31.

Investors sentiment increased to 1.1 in 2017 Q3. Its up 0.09, from 1.01 in 2017Q2. It improved, as 57 investors sold CMI shares while 253 reduced holdings. 92 funds opened positions while 249 raised stakes. 132.23 million shares or 1.24% more from 130.61 million shares in 2017Q2 were reported. Virtus Invest Advisers holds 6,750 shares or 0.12% of its portfolio. Greenleaf has 131 shares for 0% of their portfolio. Alyeska Investment Gp Lp reported 354,362 shares. Bokf Na invested in 0.02% or 3,235 shares. Nuveen Asset Management Limited Liability Com holds 0.13% or 116,740 shares. Aperio Grp Ltd Llc holds 0.12% in Cummins Inc. (NYSE:CMI) or 129,974 shares. Alpha Windward Ltd Llc invested in 3,607 shares. Howe And Rusling invested 0.01% in Cummins Inc. (NYSE:CMI). Alliancebernstein Lp has invested 0.04% in Cummins Inc. (NYSE:CMI). Rampart Inv Management Ltd accumulated 1,897 shares. Caxton Assocs Limited Partnership accumulated 3,400 shares. Federated Investors Pa invested 0.01% of its portfolio in Cummins Inc. (NYSE:CMI). Schwab Charles Invest Mngmt holds 825,653 shares or 0.12% of its portfolio. Luminus Lc has invested 0.68% in Cummins Inc. (NYSE:CMI). Mutual Of America Cap Mgmt Limited Company holds 19,055 shares.

Since August 9, 2017, it had 0 buys, and 1 sale for $260,085 activity.

Earnest Partners Llc, which manages about $24.92B and $10.04B US Long portfolio, upped its stake in Hdfc Bank (NYSE:HDB) by 25,256 shares to 1.85M shares, valued at $178.36M in 2017Q3, according to the filing. It also increased its holding in Credit Suiss (NYSE:CS) by 451,238 shares in the quarter, for a total of 7.59 million shares, and has risen its stake in Wgl Hldgs Inc (NYSE:WGL).

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