Greystone Managed Investments Lifted Its Shaw Communications (SJR) Holding; Doubleline Income Solutions Fund (DSL) Shorts Lowered By 10.96%

July 6, 2017 - By Louis Casey

Doubleline Income Solutions Fund (NYSE:DSL) had a decrease of 10.96% in short interest. DSL’s SI was 69,900 shares in July as released by FINRA. Its down 10.96% from 78,500 shares previously. With 275,500 avg volume, 0 days are for Doubleline Income Solutions Fund (NYSE:DSL)’s short sellers to cover DSL’s short positions. The stock decreased 0.43% or $0.09 on July 6, reaching $20.65. About 268,225 shares traded. DoubleLine Income Solutions Fund (NYSE:DSL) has risen 14.57% since July 6, 2016 and is uptrending. It has underperformed by 2.13% the S&P500.

Greystone Managed Investments Inc increased Shaw Communications Inc (SJR) stake by 87.74% reported in 2016Q4 SEC filing. Greystone Managed Investments Inc acquired 422,173 shares as Shaw Communications Inc (SJR)’s stock declined 0.94%. The Greystone Managed Investments Inc holds 903,324 shares with $18.15M value, up from 481,151 last quarter. Shaw Communications Inc now has $10.61 billion valuation. The stock decreased 0.14% or $0.03 during the last trading session, reaching $21.43. About 808,409 shares traded or 36.09% up from the average. Shaw Communications Inc (USA) (NYSE:SJR) has risen 13.56% since July 6, 2016 and is uptrending. It has underperformed by 3.14% the S&P500.

Among 4 analysts covering Shaw Comms (NYSE:SJR), 2 have Buy rating, 1 Sell and 1 Hold. Therefore 50% are positive. Shaw Comms had 7 analyst reports since October 20, 2015 according to SRatingsIntel. The firm has “Sell” rating given on Thursday, April 6 by Citigroup. Barclays Capital maintained the shares of SJR in report on Friday, October 23 with “Equal Weight” rating. The rating was upgraded by Macquarie Research on Tuesday, October 20 to “Outperform”. The firm earned “Outperform” rating on Monday, January 9 by RBC Capital Markets. The stock of Shaw Communications Inc (USA) (NYSE:SJR) has “Sector Perform” rating given on Thursday, December 17 by RBC Capital Markets. The stock of Shaw Communications Inc (USA) (NYSE:SJR) earned “Sector Perform” rating by RBC Capital Markets on Friday, October 23. On Tuesday, April 5 the stock rating was initiated by Barclays Capital with “Equal-Weight”.

Greystone Managed Investments Inc decreased Pembina Pipeline Corp (NYSE:PBA) stake by 119,123 shares to 2.80 million valued at $87.60 million in 2016Q4. It also reduced Altria Group Inc (NYSE:MO) stake by 8,691 shares and now owns 157,919 shares. Union Pac Corp (NYSE:UNP) was reduced too.

DoubleLine Income Solutions Fund is a diversified, closed-end management investment company. The company has market cap of $2.10 billion. The Fund’s primary investment objective is to seek high current income and its secondary objective is to seek capital appreciation. It currently has negative earnings. The Fund focuses on investing in a portfolio of investments selected for their potential to provide high current income, growth of capital, or both.

Investors sentiment increased to 1.76 in Q4 2016. Its up 0.20, from 1.56 in 2016Q3. It is positive, as 10 investors sold DoubleLine Income Solutions Fund shares while 24 reduced holdings. 22 funds opened positions while 38 raised stakes. 20.10 million shares or 1.33% less from 20.37 million shares in 2016Q3 were reported. Plante Moran Advsr Lc reported 0.02% in DoubleLine Income Solutions Fund (NYSE:DSL). Stifel Financial Corp, Missouri-based fund reported 347,779 shares. Creative Planning owns 2,850 shares or 0% of their US portfolio. Invesco reported 0.01% of its portfolio in DoubleLine Income Solutions Fund (NYSE:DSL). First Manhattan Company reported 1,000 shares. 149,966 were reported by Pnc Services Grp. Hightower Advisors Ltd Liability Com owns 240,811 shares for 0.05% of their portfolio. Apriem Advisors has invested 0.27% in DoubleLine Income Solutions Fund (NYSE:DSL). National Bank Of America De reported 1.16M shares or 0% of all its holdings. Kj Harrison & Prns owns 25,000 shares. Penn Mutual Life Company has 4.37% invested in DoubleLine Income Solutions Fund (NYSE:DSL) for 281,000 shares. Argent Trust Company, a Tennessee-based fund reported 10,200 shares. New Jersey-based Bessemer Gru Inc Inc has invested 0.08% in DoubleLine Income Solutions Fund (NYSE:DSL). National Planning, a California-based fund reported 99,036 shares. Gsa Capital Prns Limited Liability Partnership holds 0.01% of its portfolio in DoubleLine Income Solutions Fund (NYSE:DSL) for 10,504 shares.