Riverhead Capital Management Has Decreased Burlington Stores (BURL) Position by $851,390; Stock Value Rose; Argent Trust Company Has Lowered Holding in Union Pacific (UNP) by $517,155

January 14, 2018 - By wolcottdaily

Riverhead Capital Management Llc decreased its stake in Burlington Stores Inc (BURL) by 25.08% based on its latest 2017Q3 regulatory filing with the SEC. Riverhead Capital Management Llc sold 8,962 shares as the company’s stock rose 10.27% with the market. The institutional investor held 26,778 shares of the consumer services company at the end of 2017Q3, valued at $2.56M, down from 35,740 at the end of the previous reported quarter. Riverhead Capital Management Llc who had been investing in Burlington Stores Inc for a number of months, seems to be less bullish one the $8.59B market cap company. The stock increased 2.93% or $3.58 during the last trading session, reaching $125.88. About 1.14 million shares traded or 7.47% up from the average. Burlington Stores, Inc. (NYSE:BURL) has risen 77.68% since January 14, 2017 and is uptrending. It has outperformed by 60.98% the S&P500.

Deepak Gulati decreased its stake in Union Pacific Corp (UNP) by 38.96% based on its latest 2017Q3 regulatory filing with the SEC. Argent Trust Company sold 4,497 shares as the company’s stock declined 2.52% while stock markets rallied. The hedge fund run by Deepak Gulati held 7,047 shares of the railroads company at the end of 2017Q3, valued at $817,000, down from 11,544 at the end of the previous reported quarter. Argent Trust Company who had been investing in Union Pacific Corp for a number of months, seems to be less bullish one the $111.13 billion market cap company. The stock increased 0.58% or $0.82 during the last trading session, reaching $141.17. About 3.27M shares traded. Union Pacific Corporation (NYSE:UNP) has risen 31.45% since January 14, 2017 and is uptrending. It has outperformed by 14.75% the S&P500.

Since August 1, 2017, it had 0 insider buys, and 11 insider sales for $10.36 million activity. $225,985 worth of Burlington Stores, Inc. (NYSE:BURL) shares were sold by MAGRINI JOYCE MANNING. Another trade for 20,000 shares valued at $1.85 million was made by Kingsbury Thomas on Tuesday, October 10. 1,722 shares were sold by Sullivan Paul, worth $152,331. 8,000 shares were sold by Hand Fred, worth $702,426.

Analysts await Burlington Stores, Inc. (NYSE:BURL) to report earnings on March, 1. They expect $2.08 EPS, up 16.85% or $0.30 from last year’s $1.78 per share. BURL’s profit will be $141.95M for 15.13 P/E if the $2.08 EPS becomes a reality. After $0.70 actual EPS reported by Burlington Stores, Inc. for the previous quarter, Wall Street now forecasts 197.14% EPS growth.

Among 20 analysts covering Burlington Stores (NYSE:BURL), 17 have Buy rating, 0 Sell and 3 Hold. Therefore 85% are positive. Burlington Stores had 50 analyst reports since October 7, 2015 according to SRatingsIntel. Telsey Advisory Group maintained it with “Outperform” rating and $70 target in Friday, May 27 report. The firm has “Neutral” rating given on Friday, May 27 by Citigroup. The rating was upgraded by M Partners on Friday, August 26 to “Buy”. The stock of Burlington Stores, Inc. (NYSE:BURL) has “Outperform” rating given on Thursday, July 21 by RBC Capital Markets. The firm has “Outperform” rating given on Wednesday, November 22 by Telsey Advisory Group. The company was initiated on Wednesday, October 7 by Citigroup. Cowen & Co maintained it with “Buy” rating and $105.0 target in Tuesday, October 31 report. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, June 7 report. The firm has “Market Perform” rating by Telsey Advisory Group given on Friday, August 26. The firm earned “Neutral” rating on Friday, August 26 by Citigroup.

Riverhead Capital Management Llc, which manages about $2.13 billion US Long portfolio, upped its stake in American Financial Group Inc/Oh (NYSE:AFG) by 6,494 shares to 13,821 shares, valued at $1.43 million in 2017Q3, according to the filing. It also increased its holding in Westlake Chemical Corp (NYSE:WLK) by 4,270 shares in the quarter, for a total of 12,410 shares, and has risen its stake in Keycorp (NYSE:KEY).

Investors sentiment increased to 0.85 in Q3 2017. Its up 0.02, from 0.83 in 2017Q2. It improved, as 44 investors sold BURL shares while 108 reduced holdings. 47 funds opened positions while 82 raised stakes. 67.97 million shares or 3.19% less from 70.21 million shares in 2017Q2 were reported. Laurion Cap Management LP holds 0% or 3,700 shares in its portfolio. Principal Financial Group reported 21,757 shares. Cipher Lp owns 0.29% invested in Burlington Stores, Inc. (NYSE:BURL) for 39,762 shares. Boothbay Fund Management Limited Liability Corp stated it has 6,113 shares. Barclays Public Limited Co holds 48,751 shares. Cornerstone Capital Management Limited Company holds 34,824 shares or 0.03% of its portfolio. Suntrust Banks Inc reported 26,684 shares. Samlyn Ltd Liability Company has 626,352 shares. Shine Invest Advisory Serv Inc holds 0% of its portfolio in Burlington Stores, Inc. (NYSE:BURL) for 90 shares. Quantitative Systematic Strategies Lc has invested 0.15% in Burlington Stores, Inc. (NYSE:BURL). Chicago Equity Ptnrs Limited Liability Company holds 89,630 shares or 0.27% of its portfolio. Zweig accumulated 27,700 shares. Rainier Inv Mngmt Limited Liability Corp invested in 30,400 shares. Moreover, Pinebridge Invests LP has 0.01% invested in Burlington Stores, Inc. (NYSE:BURL) for 4,695 shares. Prudential Inc invested in 0.12% or 730,600 shares.

Among 28 analysts covering Union Pacific Corporation (NYSE:UNP), 12 have Buy rating, 2 Sell and 14 Hold. Therefore 43% are positive. Union Pacific Corporation had 93 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Wednesday, July 20 by Deutsche Bank. Oppenheimer initiated the shares of UNP in report on Thursday, June 16 with “Perform” rating. Citigroup maintained the stock with “Buy” rating in Friday, October 2 report. The stock of Union Pacific Corporation (NYSE:UNP) earned “Buy” rating by Deutsche Bank on Wednesday, November 2. The stock of Union Pacific Corporation (NYSE:UNP) has “Outperform” rating given on Thursday, January 21 by Cowen & Co. The firm earned “Hold” rating on Thursday, September 14 by Robert W. Baird. On Tuesday, October 10 the stock rating was downgraded by Aegis Capital to “Hold”. The firm has “Overweight” rating by Atlantic Securities given on Thursday, August 11. The rating was maintained by Cowen & Co with “Hold” on Thursday, September 28. RBC Capital Markets maintained Union Pacific Corporation (NYSE:UNP) on Thursday, June 1 with “Hold” rating.

Analysts await Union Pacific Corporation (NYSE:UNP) to report earnings on January, 18. They expect $1.53 earnings per share, up 10.07% or $0.14 from last year’s $1.39 per share. UNP’s profit will be $1.20B for 23.07 P/E if the $1.53 EPS becomes a reality. After $1.50 actual earnings per share reported by Union Pacific Corporation for the previous quarter, Wall Street now forecasts 2.00% EPS growth.

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