Alkeon Capital Management Trimmed Cintas (CTAS) Stake by $63.17 Million as Stock Rose; As Petroleo Brasileiro Sa Petro (Call) (PBR) Stock Value Declined, Ionic Capital Management Has Cut Its Position by $3.38 Million

February 23, 2018 - By wolcottdaily

Panayotis Takis Sparaggis decreased its stake in Cintas Corp (CTAS) by 54.44% based on its latest 2017Q3 regulatory filing with the SEC. Alkeon Capital Management Llc sold 438,700 shares as the company’s stock rose 2.03% with the market. The hedge fund run by Panayotis Takis Sparaggis held 367,210 shares of the apparel company at the end of 2017Q3, valued at $52.98M, down from 805,910 at the end of the previous reported quarter. Alkeon Capital Management Llc who had been investing in Cintas Corp for a number of months, seems to be less bullish one the $17.79B market cap company. The stock decreased 0.16% or $0.26 during the last trading session, reaching $167.08. About 497,109 shares traded. Cintas Corporation (NASDAQ:CTAS) has risen 32.38% since February 23, 2017 and is uptrending. It has outperformed by 15.68% the S&P500.

Bart Baum decreased its stake in Petroleo Brasileiro Sa Petro (Call) (PBR) by 56.33% based on its latest 2017Q3 regulatory filing with the SEC. Ionic Capital Management Llc sold 338,000 shares as the company’s stock declined 16.81% while stock markets rallied. The hedge fund run by Bart Baum held 262,000 shares of the oil & gas production company at the end of 2017Q3, valued at $2.63M, down from 600,000 at the end of the previous reported quarter. Ionic Capital Management Llc who had been investing in Petroleo Brasileiro Sa Petro (Call) for a number of months, seems to be less bullish one the $86.03B market cap company. The stock increased 2.81% or $0.37 during the last trading session, reaching $13.53. About 15.43M shares traded. Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) has risen 39.56% since February 23, 2017 and is uptrending. It has outperformed by 22.86% the S&P500.




Ionic Capital Management Llc, which manages about $4.83B and $2.49 billion US Long portfolio, upped its stake in Wal (NYSE:WMT) by 17,500 shares to 67,500 shares, valued at $5.27M in 2017Q3, according to the filing. It also increased its holding in Ishares Tr (Put) (EEM) by 289,000 shares in the quarter, for a total of 646,200 shares, and has risen its stake in Bristol Myers Squibb Co (Put) (NYSE:BMY).

Among 14 analysts covering Petroleo Brasileiro Petrobras SA (NYSE:PBR), 2 have Buy rating, 4 Sell and 8 Hold. Therefore 14% are positive. Petroleo Brasileiro Petrobras SA had 38 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Underperform” rating by Raymond James on Thursday, May 19. The stock has “Market Perform” rating by Raymond James on Wednesday, September 21. Tudor Pickering downgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) on Tuesday, September 13 to “Hold” rating. The firm has “Equal-Weight” rating given on Tuesday, March 22 by Morgan Stanley. JP Morgan downgraded the stock to “Neutral” rating in Friday, September 11 report. The rating was maintained by Barclays Capital on Tuesday, October 10 with “Underweight”. The company was upgraded on Tuesday, May 24 by JP Morgan. Credit Suisse initiated the stock with “Underperform” rating in Tuesday, January 12 report. As per Thursday, March 23, the company rating was maintained by Credit Suisse. Barclays Capital downgraded Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) rating on Wednesday, July 13. Barclays Capital has “Underweight” rating and $9 target.

Analysts await Petróleo Brasileiro S.A. – Petrobras (NYSE:PBR) to report earnings on March, 20. They expect $0.31 EPS, up 47.62% or $0.10 from last year’s $0.21 per share. PBR’s profit will be $1.97B for 10.91 P/E if the $0.31 EPS becomes a reality. After $0.03 actual EPS reported by Petróleo Brasileiro S.A. – Petrobras for the previous quarter, Wall Street now forecasts 933.33% EPS growth.

Analysts await Cintas Corporation (NASDAQ:CTAS) to report earnings on March, 28. They expect $1.24 earnings per share, up 11.71% or $0.13 from last year’s $1.11 per share. CTAS’s profit will be $132.05 million for 33.69 P/E if the $1.24 EPS becomes a reality. After $1.31 actual earnings per share reported by Cintas Corporation for the previous quarter, Wall Street now forecasts -5.34% negative EPS growth.

Among 15 analysts covering Cintas (NASDAQ:CTAS), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. Cintas had 42 analyst reports since August 14, 2015 according to SRatingsIntel. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, July 25. The firm earned “Neutral” rating on Friday, August 26 by Macquarie Research. The rating was maintained by Bank of America on Friday, September 25 with “Underperform”. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 20 report. As per Thursday, August 11, the company rating was maintained by Barclays Capital. On Friday, September 25 the stock rating was maintained by RBC Capital Markets with “Sector Perform”. As per Tuesday, September 26, the company rating was maintained by Stifel Nicolaus. The company was maintained on Wednesday, January 31 by Morgan Stanley. The firm has “Underweight” rating by Morgan Stanley given on Wednesday, September 27. The rating was maintained by RBC Capital Markets with “Hold” on Thursday, December 21.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.02, from 1.04 in 2017Q2. It is negative, as 37 investors sold CTAS shares while 174 reduced holdings. 80 funds opened positions while 135 raised stakes. 69.32 million shares or 1.23% more from 68.47 million shares in 2017Q2 were reported. Quantitative Inv Mngmt Limited reported 11,700 shares. Profund Limited Liability owns 7,961 shares for 0.05% of their portfolio. The Michigan-based Long Road Invest Counsel Ltd Liability Com has invested 0.35% in Cintas Corporation (NASDAQ:CTAS). 63,714 are owned by Ontario Teachers Pension Plan Board. Moreover, Clarkston Capital Partners Ltd has 1.97% invested in Cintas Corporation (NASDAQ:CTAS) for 331,846 shares. Mai Mgmt reported 0.08% in Cintas Corporation (NASDAQ:CTAS). California Pub Employees Retirement Sys reported 226,193 shares. California State Teachers Retirement Systems owns 0.05% invested in Cintas Corporation (NASDAQ:CTAS) for 147,278 shares. Aperio Group Incorporated Limited Com holds 0.03% of its portfolio in Cintas Corporation (NASDAQ:CTAS) for 34,834 shares. Dynamic reported 43,362 shares stake. Visionary Asset Mgmt holds 0.07% or 1,658 shares. Moreover, Fincl Counselors has 0.18% invested in Cintas Corporation (NASDAQ:CTAS). Fmr Limited Liability Com stated it has 0.04% of its portfolio in Cintas Corporation (NASDAQ:CTAS). Banque Pictet And Cie Sa owns 61,350 shares for 0.2% of their portfolio. Highland Cap Management Ltd accumulated 3,319 shares.

Alkeon Capital Management Llc, which manages about $5.66 billion and $13.53 billion US Long portfolio, upped its stake in American Tower Corp New (NYSE:AMT) by 6,000 shares to 1.27 million shares, valued at $174.03M in 2017Q3, according to the filing. It also increased its holding in Martin Marietta Matls Inc (NYSE:MLM) by 3,000 shares in the quarter, for a total of 430,918 shares, and has risen its stake in Yum China Hldgs Inc.

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