Proxima Capital Management Trimmed Mbia (MBI) Stake By $1.40 Million, 1 Analysts Covering South Jersey Industries (SJI)

May 24, 2017 - By Winifred Garcia

Proxima Capital Management Llc decreased Mbia Inc (MBI) stake by 15.59% reported in 2016Q4 SEC filing. Proxima Capital Management Llc sold 140,349 shares as Mbia Inc (MBI)’s stock declined 22.15%. The Proxima Capital Management Llc holds 759,900 shares with $8.13M value, down from 900,249 last quarter. Mbia Inc now has $1.05 billion valuation. It is 0.00% or $0 reaching $8.05 per share. It is down 13.35% since May 24, 2016 and is uptrending. It has underperformed by 3.35% the S&P500.

Among 6 analysts covering South Jersey Industries (NYSE:SJI), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. South Jersey Industries had 12 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Wednesday, December 9 by Hilliard Lyons. The firm has “Neutral” rating given on Tuesday, June 14 by JP Morgan. As per Monday, January 9, the company rating was downgraded by Guggenheim. The firm has “Long-Term Buy” rating by Hilliard Lyons given on Wednesday, March 15. Guggenheim initiated South Jersey Industries Inc (NYSE:SJI) on Monday, May 16 with “Buy” rating. The rating was upgraded by Hilliard Lyons to “Underperform” on Monday, August 10. Williams Capital Group downgraded the shares of SJI in report on Wednesday, November 23 to “Hold” rating. The stock has “Equal-Weight” rating by Morgan Stanley on Thursday, September 8. The rating was downgraded by Hilliard Lyons on Friday, November 6 to “Underperform”. The rating was downgraded by Janney Capital to “Neutral” on Tuesday, June 28. See South Jersey Industries Inc (NYSE:SJI) latest ratings:

15/03/2017 Broker: Hilliard Lyons Old Rating: Neutral New Rating: Long-Term Buy New Target: $40.00 Upgrade
09/01/2017 Broker: Guggenheim Old Rating: Buy New Rating: Neutral Downgrade

Investors sentiment increased to 1.1 in 2016 Q4. Its up 0.04, from 1.06 in 2016Q3. It improved, as 14 investors sold South Jersey Industries Inc shares while 65 reduced holdings. 28 funds opened positions while 59 raised stakes. 54.41 million shares or 0.48% more from 54.15 million shares in 2016Q3 were reported. Glenmede Tru Company Na, a Pennsylvania-based fund reported 18,600 shares. Creative Planning owns 11,526 shares for 0% of their portfolio. Paradigm Asset Mngmt Limited Co invested in 36,600 shares or 0% of the stock. Connable Office stated it has 0.07% in South Jersey Industries Inc (NYSE:SJI). Moreover, Jane Street Group Ltd Company has 0.01% invested in South Jersey Industries Inc (NYSE:SJI). Capstone Asset has 0.02% invested in South Jersey Industries Inc (NYSE:SJI). Salem Invest Counselors owns 2,040 shares. Morgan Stanley reported 485,146 shares or 0.01% of all its holdings. Gp Inc invested 0.01% in South Jersey Industries Inc (NYSE:SJI). Kennedy Management holds 0.14% or 234,469 shares. Amalgamated Financial Bank has 10,796 shares for 0.02% of their portfolio. Usca Ria Limited Liability Company invested in 0.06% or 12,085 shares. Clear Harbor Asset Management Ltd Limited Liability Company holds 0.85% or 120,455 shares. Bessemer Group Inc holds 138,846 shares. Pub Employees Retirement Association Of Colorado has 17,490 shares.

South Jersey Industries, Inc. is an energy services holding company. The company has market cap of $2.84 billion. The Firm provides a range of energy-related services and products, primarily through its subsidiaries. It has a 31.96 P/E ratio. The Company’s subsidiaries include South Jersey Gas Company (SJG), South Jersey Energy Company (SJE), South Jersey Resources Group, LLC (SJRG), South Jersey Exploration, LLC (SJEX), Marina Energy, LLC (Marina), South Jersey Energy Service Plus, LLC (SJESP) and SJI Midstream, LLC (Midstream).

About 45,239 shares traded. South Jersey Industries Inc (NYSE:SJI) has risen 23.64% since May 24, 2016 and is uptrending. It has outperformed by 6.94% the S&P500.

Since April 3, 2017, it had 0 buys, and 1 sale for $71,100 activity. Merritt-Epps Gina Marie had sold 2,000 shares worth $71,100.

Since November 28, 2016, it had 1 insider buy, and 2 insider sales for $3.15 million activity. 2,000 shares were bought by Curry Keith D., worth $16,240 on Wednesday, March 22. 60,000 shares were sold by WERTHEIM RAM D, worth $657,000. 248,433 shares were sold by BROWN JOSEPH W, worth $2.51 million.