Canyon Capital Advisors Position in Nrg Energy (Prn) (Call) (NRG) Decreased as Stock Value Declined; First Allied Advisory Services Increases Holding in Gilead Sciences (GILD)

December 21, 2017 - By Louis Casey

First Allied Advisory Services Inc increased its stake in Gilead Sciences Inc (GILD) by 5.18% based on its latest 2017Q3 regulatory filing with the SEC. First Allied Advisory Services Inc bought 5,330 shares as the company’s stock declined 8.05% while stock markets rallied. The institutional investor held 108,324 shares of the health care company at the end of 2017Q3, valued at $8.75M, up from 102,994 at the end of the previous reported quarter. First Allied Advisory Services Inc who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $95.38 billion market cap company. The stock decreased 1.34% or $0.99 during the last trading session, reaching $73.02. About 6.84 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since December 21, 2016 and is downtrending. It has underperformed by 38.50% the S&P500.

Joshua Friedman decreased its stake in Nrg Energy Inc (Prn) (Call) (NRG) by 99.16% based on its latest 2017Q3 regulatory filing with the SEC. Canyon Capital Advisors Llc sold 2.37M shares as the company’s stock declined 8.13% while stock markets rallied. The hedge fund run by Joshua Friedman held 20,000 shares of the public utilities company at the end of 2017Q3, valued at $3.50 million, down from 2.39M at the end of the previous reported quarter. Canyon Capital Advisors Llc who had been investing in Nrg Energy Inc (Prn) (Call) for a number of months, seems to be less bullish one the $8.70B market cap company. The stock increased 1.70% or $0.46 during the last trading session, reaching $27.46. About 5.01 million shares traded. NRG Energy, Inc. (NYSE:NRG) has risen 1.42% since December 21, 2016 and is uptrending. It has underperformed by 15.28% the S&P500.

Analysts await NRG Energy, Inc. (NYSE:NRG) to report earnings on February, 27. They expect $0.04 earnings per share, down 95.56% or $0.86 from last year’s $0.9 per share. NRG’s profit will be $12.67M for 171.63 P/E if the $0.04 EPS becomes a reality. After $0.61 actual earnings per share reported by NRG Energy, Inc. for the previous quarter, Wall Street now forecasts -93.44% negative EPS growth.

Among 14 analysts covering NRG Yield (NYSE:NRG), 11 have Buy rating, 0 Sell and 3 Hold. Therefore 79% are positive. NRG Yield had 31 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Overweight” rating by Barclays Capital given on Wednesday, August 10. UBS downgraded the shares of NRG in report on Thursday, June 9 to “Sell” rating. The firm has “Neutral” rating by UBS given on Monday, November 14. The company was upgraded on Wednesday, March 29 by Goldman Sachs. The firm earned “Overweight” rating on Friday, March 18 by Barclays Capital. The firm earned “Neutral” rating on Monday, March 7 by SunTrust. The stock of NRG Energy, Inc. (NYSE:NRG) has “Buy” rating given on Monday, September 21 by Barclays Capital. SunTrust maintained NRG Energy, Inc. (NYSE:NRG) on Friday, November 3 with “Hold” rating. The firm has “Neutral” rating given on Monday, November 7 by Citigroup. The rating was maintained by Barclays Capital on Thursday, July 13 with “Buy”.

Investors sentiment decreased to 0.84 in Q3 2017. Its down 0.19, from 1.03 in 2017Q2. It turned negative, as 52 investors sold NRG shares while 121 reduced holdings. 61 funds opened positions while 84 raised stakes. 277.07 million shares or 5.12% more from 263.57 million shares in 2017Q2 were reported. Riverhead Capital Mngmt Ltd Liability Co stated it has 12,944 shares or 0.02% of all its holdings. Moreover, M&R Mngmt has 0% invested in NRG Energy, Inc. (NYSE:NRG). Engineers Gate Manager Ltd Partnership invested in 0.16% or 72,403 shares. Rampart Inv Mgmt Co Limited Com, Massachusetts-based fund reported 4,226 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System has 0.01% invested in NRG Energy, Inc. (NYSE:NRG). Jane Street Grp Inc Limited Liability Corp reported 25,340 shares stake. Pub Sector Pension Inv Board reported 0% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Ww Asset Mngmt Incorporated invested 0.03% in NRG Energy, Inc. (NYSE:NRG). Fifth Third Comml Bank holds 0% of its portfolio in NRG Energy, Inc. (NYSE:NRG) for 72 shares. Kentucky Retirement Insurance Trust Fund invested in 8,358 shares. Utah Retirement System invested 0.03% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Northern Trust has invested 0.02% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Comml Bank Of The West reported 0.25% of its portfolio in NRG Energy, Inc. (NYSE:NRG). Roystone Mgmt LP accumulated 3.90M shares. Retirement System Of Alabama reported 322,074 shares stake.

Canyon Capital Advisors Llc, which manages about $20.20 billion and $6.69B US Long portfolio, upped its stake in Altaba Inc by 680,000 shares to 51.11M shares, valued at $3.39 billion in 2017Q3, according to the filing. It also increased its holding in Rite Aid Corp (NYSE:RAD) by 1.52 million shares in the quarter, for a total of 2.00 million shares, and has risen its stake in Mgm Resorts International (NYSE:MGM).

Since August 1, 2017, it had 0 insider buys, and 9 selling transactions for $36.34 million activity. $6.05 million worth of Gilead Sciences, Inc. (NASDAQ:GILD) was sold by MARTIN JOHN C on Monday, October 2. Meyers James R sold $4.99M worth of stock or 60,000 shares. Washington Robin L sold 51,820 shares worth $4.40 million.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It is positive, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Conning invested 0.36% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). New Jersey Better Educational Savings Tru has invested 0.34% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Duff & Phelps Investment Com holds 0.02% or 14,680 shares. Sand Hill Global Advsrs Limited Company holds 76,157 shares. Thompson Siegel And Walmsley Ltd Llc stated it has 0.18% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). University Of Notre Dame Du Lac holds 100,229 shares. Georgia-based Gw Henssler & Associates Ltd has invested 1.36% in Gilead Sciences, Inc. (NASDAQ:GILD). Sivik Global Limited Com has 80,000 shares for 2.21% of their portfolio. Rampart Management Ltd Limited Liability Company stated it has 17,866 shares or 0.49% of all its holdings. 50,315 are held by Oakwood Mgmt Ltd Co Ca. City accumulated 0.66% or 24,455 shares. Shoker Counsel reported 5,069 shares. Hanson Mcclain holds 1,018 shares. Aspiriant Lc stated it has 4,418 shares or 0.03% of all its holdings. Rowland Counsel Adv has 2,163 shares for 0.06% of their portfolio.