Waterfront Capital Partners Decreased General Growth Pptys New (GGP) Stake By $5.41 Million, Stonerise Capital Management Lowered Akamai Technologies (AKAM) Position

June 20, 2017 - By Richard Conner

Stonerise Capital Management Llc decreased Akamai Technologies Inc (AKAM) stake by 33.33% reported in 2016Q4 SEC filing. Stonerise Capital Management Llc sold 75,000 shares as Akamai Technologies Inc (AKAM)’s stock declined 24.00%. The Stonerise Capital Management Llc holds 150,000 shares with $10.00 million value, down from 225,000 last quarter. Akamai Technologies Inc now has $8.45B valuation. The stock declined 1.19% or $0.59 reaching $48.9 per share. About 497,985 shares traded. Akamai Technologies, Inc. (NASDAQ:AKAM) has declined 6.51% since June 20, 2016 and is downtrending. It has underperformed by 23.21% the S&P500.

Waterfront Capital Partners Llc decreased General Growth Pptys Inc New (GGP) stake by 35.79% reported in 2016Q4 SEC filing. Waterfront Capital Partners Llc sold 225,461 shares as General Growth Pptys Inc New (GGP)’s stock declined 8.47%. The Waterfront Capital Partners Llc holds 404,539 shares with $10.11M value, down from 630,000 last quarter. General Growth Pptys Inc New now has $20.85 billion valuation. The stock declined 1.62% or $0.39 reaching $23.69 per share. About 1.88 million shares traded. GGP Inc (NYSE:GGP) has declined 11.69% since June 20, 2016 and is downtrending. It has underperformed by 28.39% the S&P500.

Among 25 analysts covering Akamai Tech (NASDAQ:AKAM), 11 have Buy rating, 1 Sell and 13 Hold. Therefore 44% are positive. Akamai Tech had 42 analyst reports since July 29, 2015 according to SRatingsIntel. Canaccord Genuity maintained the shares of AKAM in report on Wednesday, July 29 with “Buy” rating. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Buy” rating by M Partners on Thursday, July 30. The rating was downgraded by Pacific Crest on Wednesday, July 27 to “Sector Weight”. The firm has “Neutral” rating given on Friday, May 5 by Robert W. Baird. As per Wednesday, October 28, the company rating was downgraded by Cowen & Co. The stock of Akamai Technologies, Inc. (NASDAQ:AKAM) earned “Hold” rating by Stifel Nicolaus on Thursday, March 24. On Wednesday, October 26 the stock rating was maintained by Stifel Nicolaus with “Hold”. RBC Capital Markets maintained Akamai Technologies, Inc. (NASDAQ:AKAM) on Wednesday, October 26 with “Sector Perform” rating. The rating was downgraded by Craig Hallum on Wednesday, October 28 to “Hold”. FBR Capital maintained Akamai Technologies, Inc. (NASDAQ:AKAM) rating on Thursday, October 29. FBR Capital has “Underperform” rating and $49 target.

Since February 9, 2017, it had 2 insider buys, and 16 selling transactions for $7.39 million activity. On Thursday, February 9 Gemmell James sold $146,618 worth of Akamai Technologies, Inc. (NASDAQ:AKAM) or 2,297 shares. The insider Blumofe Robert sold 5,973 shares worth $381,257. The insider LEIGHTON F THOMSON bought 21,196 shares worth $999,815. HARATUNIAN MELANIE sold $335,388 worth of stock. On Tuesday, March 21 SAGAN PAUL sold $1.21 million worth of Akamai Technologies, Inc. (NASDAQ:AKAM) or 18,667 shares. Another trade for 2,000 shares valued at $128,020 was sold by SELIGMAN NAOMI O. The insider Benson James M sold 22,155 shares worth $1.44 million.

Investors sentiment decreased to 0.87 in 2016 Q4. Its down 0.20, from 1.07 in 2016Q3. It fall, as 46 investors sold AKAM shares while 190 reduced holdings. 73 funds opened positions while 133 raised stakes. 144.67 million shares or 2.34% less from 148.13 million shares in 2016Q3 were reported. State Street reported 0.04% in Akamai Technologies, Inc. (NASDAQ:AKAM). Bluecrest Management, a Guernsey-based fund reported 4,500 shares. Dimensional Fund Lp, Texas-based fund reported 884,726 shares. Swiss Savings Bank stated it has 486,619 shares or 0.05% of all its holdings. Daiwa Secs Group Inc Inc has 0.01% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 17,500 shares. Factory Mutual Ins Co reported 169,000 shares or 0.14% of all its holdings. New York Life Trust holds 1,569 shares or 0.5% of its portfolio. Bankshares Of Nova Scotia reported 3,834 shares or 0% of all its holdings. Brown Advisory holds 5.19M shares or 1.23% of its portfolio. Moreover, Advantus Cap Mgmt has 0.03% invested in Akamai Technologies, Inc. (NASDAQ:AKAM) for 17,259 shares. Alphamark Advsr Limited Liability Company, Kentucky-based fund reported 93 shares. Symphony Asset Mgmt Limited Liability Corp holds 0.18% of its portfolio in Akamai Technologies, Inc. (NASDAQ:AKAM) for 25,769 shares. World reported 10.61M shares. Jag Cap Mngmt Ltd Liability Company owns 55,145 shares or 0.74% of their US portfolio. 164,246 are owned by Lazard Asset Mgmt Ltd Com.

Analysts await Akamai Technologies, Inc. (NASDAQ:AKAM) to report earnings on July, 25. They expect $0.50 earnings per share, up 6.38% or $0.03 from last year’s $0.47 per share. AKAM’s profit will be $86.40M for 24.45 P/E if the $0.50 EPS becomes a reality. After $0.53 actual earnings per share reported by Akamai Technologies, Inc. for the previous quarter, Wall Street now forecasts -5.66% negative EPS growth.

Waterfront Capital Partners Llc increased Interxion Holding N.V (NYSE:INXN) stake by 218,887 shares to 510,787 valued at $17.91 million in 2016Q4. It also upped Apartment Invt & Mgmt Co (NYSE:AIV) stake by 161,838 shares and now owns 479,588 shares. Sl Green Rlty Corp (NYSE:SLG) was raised too.

Investors sentiment decreased to 0.92 in Q4 2016. Its down 0.18, from 1.1 in 2016Q3. It turned negative, as 64 investors sold GGP shares while 121 reduced holdings. 37 funds opened positions while 134 raised stakes. 742.41 million shares or 7.29% less from 800.79 million shares in 2016Q3 were reported. Westpac has invested 0% of its portfolio in GGP Inc (NYSE:GGP). Fil Limited has 0.13% invested in GGP Inc (NYSE:GGP). Highbridge Mngmt Llc has invested 0.25% of its portfolio in GGP Inc (NYSE:GGP). Gulf International National Bank (Uk) reported 176,459 shares or 0.07% of all its holdings. The Belgium-based Kbc Gru Nv has invested 0.15% in GGP Inc (NYSE:GGP). 68,580 were reported by Schwerin Boyle. Howe & Rusling Incorporated has invested 0% in GGP Inc (NYSE:GGP). Exane Derivatives has 0% invested in GGP Inc (NYSE:GGP). Aberdeen Asset Management Public Limited Liability Co Uk has invested 0.01% in GGP Inc (NYSE:GGP). Amica Mutual accumulated 118,199 shares. Shelton Capital owns 18,719 shares. Duff & Phelps Investment Management Communication has invested 0.48% in GGP Inc (NYSE:GGP). Oregon Pub Employees Retirement Fund owns 0.03% invested in GGP Inc (NYSE:GGP) for 60,746 shares. Deutsche Natl Bank Ag invested in 0.2% or 9.82 million shares. Asset Management Incorporated reported 0.06% in GGP Inc (NYSE:GGP).

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