As Buckeye Partners LP (BPL) Stock Declined, Trust Asset Management Has Boosted Holding; Professional Advisory Services Has Lowered The Priceline Group (PCLN) Stake as Share Price Rose

December 7, 2017 - By Nellie Frank

Trust Asset Management Llc increased its stake in Buckeye Partners Lp (BPL) by 78.82% based on its latest 2017Q2 regulatory filing with the SEC. Trust Asset Management Llc bought 92,292 shares as the company’s stock declined 5.01% while stock markets rallied. The institutional investor held 209,380 shares of the natural gas distribution company at the end of 2017Q2, valued at $13.39M, up from 117,088 at the end of the previous reported quarter. Trust Asset Management Llc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $3.92 billion market cap company. The stock decreased 3.16% or $1.49 during the last trading session, reaching $45.7. About 974,146 shares traded or 27.88% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since December 7, 2016 and is downtrending. It has underperformed by 22.69% the S&P500.

Professional Advisory Services Inc decreased its stake in The Priceline Group Inc. (PCLN) by 9.57% based on its latest 2017Q2 regulatory filing with the SEC. Professional Advisory Services Inc sold 1,042 shares as the company’s stock rose 10.44% with the market. The institutional investor held 9,845 shares of the business services company at the end of 2017Q2, valued at $18.42M, down from 10,887 at the end of the previous reported quarter. Professional Advisory Services Inc who had been investing in The Priceline Group Inc. for a number of months, seems to be less bullish one the $83.84B market cap company. The stock decreased 0.34% or $5.84 during the last trading session, reaching $1719.04. About 397,566 shares traded. The Priceline Group Inc. (NASDAQ:PCLN) has risen 44.63% since December 7, 2016 and is uptrending. It has outperformed by 27.93% the S&P500.




Among 14 analysts covering Buckeye Partners (NYSE:BPL), 5 have Buy rating, 0 Sell and 9 Hold. Therefore 36% are positive. Buckeye Partners had 43 analyst reports since August 4, 2015 according to SRatingsIntel. Stifel Nicolaus maintained the stock with “Buy” rating in Wednesday, March 2 report. The rating was maintained by Barclays Capital on Monday, August 7 with “Equal-Weight”. Citigroup maintained the shares of BPL in report on Tuesday, October 10 with “Buy” rating. JP Morgan maintained Buckeye Partners, L.P. (NYSE:BPL) rating on Tuesday, March 15. JP Morgan has “Neutral” rating and $76 target. The firm earned “Hold” rating on Sunday, October 15 by RBC Capital Markets. The stock has “Hold” rating by Mizuho on Sunday, November 5. The stock of Buckeye Partners, L.P. (NYSE:BPL) has “Neutral” rating given on Thursday, August 25 by Goldman Sachs. Stifel Nicolaus maintained Buckeye Partners, L.P. (NYSE:BPL) on Monday, November 6 with “Buy” rating. As per Wednesday, September 20, the company rating was maintained by Stifel Nicolaus. The rating was initiated by Mizuho with “Neutral” on Friday, September 30.

More news for Buckeye Partners, L.P. (NYSE:BPL) were recently published by: Moodys.com, which released: “Moody’s rates Buckeye Partners’ new junior subordinated notes Ba1” on November 28, 2017. Globenewswire.com‘s article titled: “Buckeye Partners, LP Prices $400 Million Offering of Senior Notes” and published on November 09, 2017 is yet another important article.

Trust Asset Management Llc, which manages about $633.33 million and $274.20M US Long portfolio, decreased its stake in Ishares Msci Emerging Mkt (EEM) by 173,000 shares to 9,005 shares, valued at $373,000 in 2017Q2, according to the filing.

Investors sentiment decreased to 0.97 in Q2 2017. Its down 0.21, from 1.18 in 2017Q1. It worsened, as 27 investors sold BPL shares while 100 reduced holdings. 32 funds opened positions while 91 raised stakes. 91.89 million shares or 0.83% less from 92.66 million shares in 2017Q1 were reported. Guggenheim Limited Com reported 99,383 shares. Adirondack stated it has 0.07% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). First Manhattan holds 0.02% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL) for 30,400 shares. Live Your Vision Ltd Limited Liability Company holds 0.01% or 321 shares in its portfolio. Tiedemann Wealth Mgmt Limited Liability has 74,196 shares. 525 are owned by Captrust. Manufacturers Life The stated it has 4,339 shares. Commercial Bank stated it has 0.01% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). State Of New Jersey Common Pension Fund D invested in 0.04% or 158,000 shares. Stifel Financial Corporation accumulated 172,893 shares. Blackrock Incorporated holds 3,810 shares or 0% of its portfolio. Klingenstein Fields And Limited Liability Company invested 0.01% in Buckeye Partners, L.P. (NYSE:BPL). Loring Wolcott And Coolidge Fiduciary Advisors Ltd Liability Partnership Ma stated it has 0% in Buckeye Partners, L.P. (NYSE:BPL). Samson Cap Mngmt Ltd Liability Com holds 41,678 shares or 2.63% of its portfolio. Minnesota-based Travelers Cos has invested 0.46% in Buckeye Partners, L.P. (NYSE:BPL).

Professional Advisory Services Inc, which manages about $460.95M US Long portfolio, upped its stake in Capital One Financial (NYSE:COF) by 10,262 shares to 161,131 shares, valued at $13.31M in 2017Q2, according to the filing. It also increased its holding in Ventas Inc (NYSE:VTR) by 23,928 shares in the quarter, for a total of 236,125 shares, and has risen its stake in United Parcel Service (NYSE:UPS).

Investors sentiment increased to 1.06 in Q2 2017. Its up 0.05, from 1.01 in 2017Q1. It improved, as 62 investors sold PCLN shares while 321 reduced holdings. 96 funds opened positions while 311 raised stakes. 45.36 million shares or 2.62% less from 46.57 million shares in 2017Q1 were reported. 3,356 are held by Chase Counsel Corporation. Magellan Asset Ltd holds 50 shares or 0% of its portfolio. Schwab Charles Investment Management has invested 0.27% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN). Harris Assocs Lp reported 0.14% in The Priceline Group Inc. (NASDAQ:PCLN). Kemnay Advisory Incorporated accumulated 4.22% or 3,898 shares. Rathbone Brothers Public Ltd Liability, a United Kingdom-based fund reported 175 shares. Adams Diversified Equity Fund has 1.09% invested in The Priceline Group Inc. (NASDAQ:PCLN). Citigroup holds 0.04% or 21,483 shares in its portfolio. Cim Lc has invested 5.18% in The Priceline Group Inc. (NASDAQ:PCLN). Cetera Advisor Limited Liability Co holds 243 shares or 0.02% of its portfolio. Exane Derivatives holds 0% of its portfolio in The Priceline Group Inc. (NASDAQ:PCLN) for 1 shares. Bedrijfstakpensioenfonds Voor De Media Pno invested 2.41% in The Priceline Group Inc. (NASDAQ:PCLN). Allen Inv Mgmt Limited Liability Corp reported 57,489 shares. Janney Montgomery Scott Limited Com invested in 0.01% or 489 shares. The New Jersey-based Quantum Management Ltd Liability Company Nj has invested 1.87% in The Priceline Group Inc. (NASDAQ:PCLN).

More notable recent The Priceline Group Inc. (NASDAQ:PCLN) news were published by: Investorplace.com which released: “Poor Quant Score Penalize Priceline Group (PCLN) Rating” on December 04, 2017, also Seekingalpha.com with their article: “Argus cools on Priceline” published on December 01, 2017, Seekingalpha.com published: “The Priceline Group: Incremental Changes For Customer Growth” on November 28, 2017. More interesting news about The Priceline Group Inc. (NASDAQ:PCLN) were released by: Usnews.com and their article: “Priceline Group Inc (PCLN), Travel Companies Are in Trouble” published on November 07, 2017 as well as Nasdaq.com‘s news article titled: “Relative Strength Alert For Priceline Group” with publication date: November 07, 2017.

Since June 15, 2017, it had 0 insider buys, and 1 insider sale for $221,308 activity.

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