Rr Advisors Boosted Genesis Energy LP Houston Com (GEL) Holding By $682,000; Scripps E W Co (SSP) Has 1.26 Sentiment

November 14, 2017 - By Linda Rogers

Rr Advisors Llc increased Genesis Energy Lp Houston Com (GEL) stake by 0.96% reported in 2017Q2 SEC filing. Rr Advisors Llc acquired 22,000 shares as Genesis Energy Lp Houston Com (GEL)’s stock declined 7.73%. The Rr Advisors Llc holds 2.32M shares with $73.53M value, up from 2.30M last quarter. Genesis Energy Lp Houston Com now has $2.64 billion valuation. The stock declined 2.88% or $0.64 reaching $21.55 on the news. About 343,946 shares traded. Genesis Energy, L.P. (NYSE:GEL) has declined 14.17% since November 14, 2016 and is downtrending. It has underperformed by 30.87% the S&P500.

The E. W. Scripps Company is a media enterprise with interests in television and radio broadcasting, as well as local and national digital media brands. The company has market cap of $1.15 billion. The Company’s divisions include television, radio, digital, and syndication and other. It has a 64 P/E ratio. As of December 31, 2016, the Television segment included approximately 15 American Broadcasting Company affiliates, five National Broadcasting Company (NBC) affiliates, two FOX affiliates, two Columbia Broadcasting System (CBS) affiliates and four non big-four affiliated stations.

Among 14 analysts covering Genesis Energy LP (NYSE:GEL), 9 have Buy rating, 0 Sell and 5 Hold. Therefore 64% are positive. Genesis Energy LP had 37 analyst reports since July 21, 2015 according to SRatingsIntel. The company was initiated on Friday, September 25 by Wunderlich. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, February 17. The rating was maintained by UBS on Thursday, August 4 with “Buy”. UBS maintained Genesis Energy, L.P. (NYSE:GEL) rating on Tuesday, October 17. UBS has “Buy” rating and $39 target. RBC Capital Markets maintained Genesis Energy, L.P. (NYSE:GEL) on Monday, September 25 with “Hold” rating. CapitalOne initiated Genesis Energy, L.P. (NYSE:GEL) rating on Monday, October 17. CapitalOne has “Equal Weight” rating and $40 target. On Monday, November 6 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The rating was upgraded by Wells Fargo on Monday, July 18 to “Outperform”. The firm has “Equal-Weight” rating given on Wednesday, August 10 by Barclays Capital. On Friday, November 4 the stock rating was downgraded by Credit Suisse to “Neutral”.

Investors sentiment decreased to 1.18 in 2017 Q2. Its down 0.25, from 1.43 in 2017Q1. It turned negative, as 18 investors sold GEL shares while 39 reduced holdings. 18 funds opened positions while 49 raised stakes. 89.51 million shares or 1.56% more from 88.13 million shares in 2017Q1 were reported. 79,185 were reported by Geneva Advisors Limited Liability. Tortoise Advsr Ltd Liability Company holds 10.31 million shares. Chickasaw Capital Mgmt Ltd Company reported 8.25 million shares. 109,391 were accumulated by Pnc. 9.24M were reported by Clearbridge Ltd Liability Com. Commonwealth Equity owns 0% invested in Genesis Energy, L.P. (NYSE:GEL) for 7,295 shares. Rafferty Asset Management Ltd Limited Liability Company reported 102,395 shares. Raymond James & Associate invested in 0.02% or 270,344 shares. Virginia-based Bb&T Limited Liability Com has invested 0.02% in Genesis Energy, L.P. (NYSE:GEL). Fincl Architects Inc holds 1,500 shares. Cincinnati Ins Co, Ohio-based fund reported 45,380 shares. 9,000 were reported by Paragon Cap Limited. Harvest Fund Limited Liability Company reported 0.54% in Genesis Energy, L.P. (NYSE:GEL). Hirtle Callaghan & Ltd Liability Com reported 1,690 shares. Fifth Third Bank & Trust holds 0% of its portfolio in Genesis Energy, L.P. (NYSE:GEL) for 1,404 shares.

Since June 13, 2017, it had 1 insider buy, and 0 selling transactions for $1.03 million activity. $1.03M worth of Genesis Energy, L.P. (NYSE:GEL) was bought by Deere Robert V.

Minerva Advisors Llc holds 6.01% of its portfolio in E. W. Scripps Co for 608,907 shares. Cove Street Capital Llc owns 1.37 million shares or 2.95% of their US portfolio. Moreover, Teton Advisors Inc. has 1.58% invested in the company for 906,048 shares. The Pennsylvania-based Penn Capital Management Co Inc has invested 1.12% in the stock. Tealwood Asset Management Inc, a Minnesota-based fund reported 162,195 shares.

Analysts await E. W. Scripps Co (NYSE:SSP) to report earnings on February, 23. They expect $0.05 earnings per share, down 89.13% or $0.41 from last year’s $0.46 per share. SSP’s profit will be $4.10M for 70.05 P/E if the $0.05 EPS becomes a reality. After $-0.03 actual earnings per share reported by E. W. Scripps Co for the previous quarter, Wall Street now forecasts -266.67% EPS growth.

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