As Signet Jewelers Limited (SIG) Share Value Declined, Holder Abrams Bison Investments Decreased Stake; Williams Jones & Associates Lowered Magellan Midstream Partners (MMP) Holding by $352,302; Valuation Declined

December 16, 2017 - By Kurt Siggers

Williams Jones & Associates Llc decreased its stake in Magellan Midstream Partners (MMP) by 1.53% based on its latest 2017Q2 regulatory filing with the SEC. Williams Jones & Associates Llc sold 4,962 shares as the company’s stock declined 7.68% while stock markets rallied. The institutional investor held 319,978 shares of the natural gas distribution company at the end of 2017Q2, valued at $22.81 million, down from 324,940 at the end of the previous reported quarter. Williams Jones & Associates Llc who had been investing in Magellan Midstream Partners for a number of months, seems to be less bullish one the $15.71B market cap company. The stock decreased 0.04% or $0.03 during the last trading session, reaching $68.89. About 2.19M shares traded or 178.63% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has risen 3.55% since December 16, 2016 and is uptrending. It has underperformed by 13.15% the S&P500.

Gavin M. Abrams decreased its stake in Signet Jewelers Limited (SIG) by 47.33% based on its latest 2017Q2 regulatory filing with the SEC. Abrams Bison Investments Llc sold 1.90 million shares as the company’s stock declined 20.65% while stock markets rallied. The hedge fund run by Gavin M. Abrams held 2.12M shares of the consumer specialties company at the end of 2017Q2, valued at $133.75M, down from 4.02 million at the end of the previous reported quarter. Abrams Bison Investments Llc who had been investing in Signet Jewelers Limited for a number of months, seems to be less bullish one the $3.25B market cap company. The stock increased 0.92% or $0.49 during the last trading session, reaching $53.75. About 3.99M shares traded or 84.00% up from the average. Signet Jewelers Limited (NYSE:SIG) has declined 46.03% since December 16, 2016 and is downtrending. It has underperformed by 62.73% the S&P500.

Analysts await Magellan Midstream Partners, L.P. (NYSE:MMP) to report earnings on February, 1. They expect $1.07 EPS, up 2.88% or $0.03 from last year’s $1.04 per share. MMP’s profit will be $243.99M for 16.10 P/E if the $1.07 EPS becomes a reality. After $0.87 actual EPS reported by Magellan Midstream Partners, L.P. for the previous quarter, Wall Street now forecasts 22.99% EPS growth.

Williams Jones & Associates Llc, which manages about $4.95B and $3.96B US Long portfolio, upped its stake in Ecolab Inc Com (NYSE:ECL) by 40,152 shares to 684,018 shares, valued at $90.80 million in 2017Q2, according to the filing. It also increased its holding in Vail Resorts Inc Com (NYSE:MTN) by 2,885 shares in the quarter, for a total of 10,712 shares, and has risen its stake in Centurylink (NYSE:CTL).

Investors sentiment increased to 0.9 in 2017 Q2. Its up 0.07, from 0.83 in 2017Q1. It increased, as 38 investors sold MMP shares while 153 reduced holdings. 37 funds opened positions while 134 raised stakes. 131.72 million shares or 0.48% less from 132.35 million shares in 2017Q1 were reported. Signaturefd Ltd Company reported 6,175 shares. Citadel Advsrs Limited Liability Corporation invested in 12,299 shares or 0% of the stock. Cutter And Brokerage Inc accumulated 11,719 shares. First Manhattan Communication reported 53,992 shares or 0.03% of all its holdings. Wilbanks Smith Thomas Asset Mgmt Ltd Limited Liability Company owns 8,504 shares. The Illinois-based West Family Investments has invested 0.38% in Magellan Midstream Partners, L.P. (NYSE:MMP). Jefferies Gru Ltd stated it has 6,800 shares or 0% of all its holdings. Pathstone Family Office Lc stated it has 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Ancora Advisors Ltd Liability Company has invested 0.2% in Magellan Midstream Partners, L.P. (NYSE:MMP). Tiedemann Wealth Mngmt Limited Liability Corp accumulated 300,979 shares. Thompson Siegel And Walmsley Ltd Liability Corporation has invested 0% in Magellan Midstream Partners, L.P. (NYSE:MMP). Colony Grp Inc Limited Liability owns 0.02% invested in Magellan Midstream Partners, L.P. (NYSE:MMP) for 4,206 shares. Denver Advsrs Limited Liability Company owns 7,557 shares for 0.02% of their portfolio. Sg Americas Securities Lc holds 0.03% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP) for 53,425 shares. Glenmede Na invested in 85,421 shares.

Among 21 analysts covering Magellan Midstream Partners L.P. (NYSE:MMP), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Magellan Midstream Partners L.P. had 52 analyst reports since August 7, 2015 according to SRatingsIntel. Credit Suisse upgraded Magellan Midstream Partners, L.P. (NYSE:MMP) rating on Friday, May 5. Credit Suisse has “Neutral” rating and $84 target. The firm has “Outperform” rating by Raymond James given on Thursday, January 12. The company was upgraded on Wednesday, January 6 by UBS. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Underperform” rating by Mizuho on Monday, July 10. The stock has “Buy” rating by Ladenburg Thalmann on Wednesday, July 13. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) earned “Buy” rating by Goldman Sachs on Thursday, December 15. The firm has “Market Perform” rating given on Wednesday, January 11 by Wells Fargo. The stock of Magellan Midstream Partners, L.P. (NYSE:MMP) has “Hold” rating given on Wednesday, August 2 by Stifel Nicolaus. The company was downgraded on Monday, April 4 by Wunderlich. Citigroup maintained Magellan Midstream Partners, L.P. (NYSE:MMP) on Friday, August 7 with “Buy” rating.

Since September 14, 2017, it had 0 insider buys, and 1 insider sale for $353,200 activity.

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.08, from 1.05 in 2017Q1. It fall, as 51 investors sold SIG shares while 96 reduced holdings. 37 funds opened positions while 106 raised stakes. 72.59 million shares or 0.92% more from 71.93 million shares in 2017Q1 were reported. Springowl Associates Ltd Llc stated it has 0.58% in Signet Jewelers Limited (NYSE:SIG). D E Shaw And accumulated 88,086 shares. Westpac Bk holds 0% or 4,361 shares in its portfolio. Southeast Asset invested in 0.78% or 37,876 shares. Srb invested in 3,050 shares. 45,842 are owned by British Columbia Investment Mgmt Corp. Advantus Inc stated it has 6,785 shares or 0.01% of all its holdings. The Massachusetts-based Numeric Investors Ltd Liability has invested 0.01% in Signet Jewelers Limited (NYSE:SIG). Livforsakringsbolaget Skandia Omsesidigt holds 0.01% in Signet Jewelers Limited (NYSE:SIG) or 1,100 shares. Prudential Financial stated it has 0.01% of its portfolio in Signet Jewelers Limited (NYSE:SIG). Exane Derivatives owns 6,278 shares or 0% of their US portfolio. Huntington Fincl Bank holds 0.01% or 7,000 shares. Aberdeen Asset Management Pcl Uk holds 0.01% in Signet Jewelers Limited (NYSE:SIG) or 26,441 shares. Parkside Finance Financial Bank And Tru accumulated 12 shares or 0% of the stock. Moreover, Jane Street Llc has 0.02% invested in Signet Jewelers Limited (NYSE:SIG) for 89,725 shares.

Abrams Bison Investments Llc, which manages about $2.06B and $572.67 million US Long portfolio, upped its stake in Credit Accep Corp Mich (NASDAQ:CACC) by 10,157 shares to 1.17 million shares, valued at $300.74M in 2017Q2, according to the filing.