Global Endowment Management LP Stake in Sunstone Hotel Invs New (SHO) Has Lowered by $1.87 Million; Bbva Banco Frances (BFR) Shareholder Inca Investments Has Increased Position

February 15, 2018 - By Adrian Erickson

Inca Investments Llc increased its stake in Bbva Banco Frances (BFR) by 145.74% based on its latest 2017Q3 regulatory filing with the SEC. Inca Investments Llc bought 350,974 shares as the company’s stock declined 6.38% while stock markets rallied. The institutional investor held 591,800 shares of the commercial banks company at the end of 2017Q3, valued at $12.07 million, up from 240,826 at the end of the previous reported quarter. Inca Investments Llc who had been investing in Bbva Banco Frances for a number of months, seems to be bullish on the $5.59B market cap company. The stock increased 1.93% or $0.46 during the last trading session, reaching $24.26. About 133,585 shares traded. BBVA Banco Francés S.A. (NYSE:BFR) has declined 5.21% since February 15, 2017 and is downtrending. It has underperformed by 21.91% the S&P500.

Global Endowment Management Lp decreased its stake in Sunstone Hotel Invs Inc New (SHO) by 60.85% based on its latest 2017Q3 regulatory filing with the SEC. Global Endowment Management Lp sold 116,860 shares as the company’s stock rose 4.30% with the market. The institutional investor held 75,200 shares of the consumer services company at the end of 2017Q3, valued at $1.21 million, down from 192,060 at the end of the previous reported quarter. Global Endowment Management Lp who had been investing in Sunstone Hotel Invs Inc New for a number of months, seems to be less bullish one the $3.52 billion market cap company. The stock decreased 0.86% or $0.135 during the last trading session, reaching $15.615. About 581,685 shares traded. Sunstone Hotel Investors, Inc. (NYSE:SHO) has risen 34.87% since February 15, 2017 and is uptrending. It has outperformed by 18.17% the S&P500.

Among 3 analysts covering BBVA Banco Frances SA (NYSE:BFR), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. BBVA Banco Frances SA had 4 analyst reports since November 12, 2015 according to SRatingsIntel. The stock of BBVA Banco Francés S.A. (NYSE:BFR) earned “Buy” rating by Credit Suisse on Tuesday, June 13. The firm earned “Market Perform” rating on Thursday, November 12 by Raymond James. As per Tuesday, March 29, the company rating was initiated by Credit Suisse. The stock of BBVA Banco Francés S.A. (NYSE:BFR) earned “Buy” rating by Citigroup on Monday, November 27.

Inca Investments Llc, which manages about $558.00 million and $465.59M US Long portfolio, decreased its stake in Credicorp Ltd (NYSE:BAP) by 16,800 shares to 289,700 shares, valued at $59.39M in 2017Q3, according to the filing. It also reduced its holding in Companhia Brasileira Dist (NYSE:CBD) by 151,600 shares in the quarter, leaving it with 1.73M shares, and cut its stake in Banco Bradesco (NYSE:BBD).

Among 18 analysts covering Sunstone Hotel Investors Inc (NYSE:SHO), 3 have Buy rating, 3 Sell and 12 Hold. Therefore 17% are positive. Sunstone Hotel Investors Inc had 44 analyst reports since July 21, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Outperform” rating and $14.50 target in Wednesday, March 23 report. The rating was downgraded by Bank of America on Tuesday, July 21 to “Underperform”. Wells Fargo downgraded the stock to “Market Perform” rating in Tuesday, December 19 report. As per Monday, October 23, the company rating was maintained by Robert W. Baird. The stock has “Buy” rating by Jefferies on Thursday, February 18. The firm has “Outperform” rating by FBR Capital given on Friday, November 20. The company was maintained on Wednesday, November 1 by Boenning & Scattergood. The stock of Sunstone Hotel Investors, Inc. (NYSE:SHO) has “Neutral” rating given on Wednesday, December 14 by Instinet. As per Thursday, January 7, the company rating was upgraded by Robert W. Baird. The firm earned “Neutral” rating on Friday, March 3 by Bank of America.

Since December 14, 2017, it had 0 buys, and 1 insider sale for $308,267 activity.

Analysts await Sunstone Hotel Investors, Inc. (NYSE:SHO) to report earnings on February, 20. They expect $0.25 EPS, down 13.79% or $0.04 from last year’s $0.29 per share. SHO’s profit will be $56.32 million for 15.62 P/E if the $0.25 EPS becomes a reality. After $0.31 actual EPS reported by Sunstone Hotel Investors, Inc. for the previous quarter, Wall Street now forecasts -19.35% negative EPS growth.

Investors sentiment increased to 1.58 in Q3 2017. Its up 0.32, from 1.26 in 2017Q2. It is positive, as 15 investors sold SHO shares while 54 reduced holdings. 31 funds opened positions while 78 raised stakes. 245.55 million shares or 1.51% more from 241.88 million shares in 2017Q2 were reported. Glenmede Trust Company Na stated it has 0% in Sunstone Hotel Investors, Inc. (NYSE:SHO). 75,200 are owned by Global Endowment Mgmt L P. California Pub Employees Retirement Sys reported 648,218 shares. Adelante Mgmt Lc stated it has 0.9% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Gsa Cap Prtnrs Ltd Liability Partnership has invested 0.07% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Chicago Equity Prns Llc has invested 0.25% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Gotham Asset Ltd invested 0% in Sunstone Hotel Investors, Inc. (NYSE:SHO). Honeywell International Incorporated owns 0.07% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO) for 125,484 shares. Moreover, Royal National Bank & Trust Of Canada has 0% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO) for 37,975 shares. Virginia Retirement Et Al owns 0.01% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO) for 46,300 shares. Teachers Retirement Sys Of The State Of Kentucky has 0.02% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO) for 94,881 shares. Qs Invsts Lc accumulated 444,025 shares. Utah Retirement Sys stated it has 0% of its portfolio in Sunstone Hotel Investors, Inc. (NYSE:SHO). Moreover, Savings Bank Of Mellon has 0.03% invested in Sunstone Hotel Investors, Inc. (NYSE:SHO). Bowling Portfolio Mngmt Limited has 72,095 shares.

Global Endowment Management Lp, which manages about $5.46 billion and $709.50 million US Long portfolio, upped its stake in Allergan Plc by 1,900 shares to 15,540 shares, valued at $3.19M in 2017Q3, according to the filing. It also increased its holding in Mckesson Corp (NYSE:MCK) by 4,500 shares in the quarter, for a total of 24,590 shares, and has risen its stake in Retail Pptys Amer Inc (NYSE:RPAI).

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