As Douglas Emmett (DEI) Stock Declined, Aew Capital Management LP Has Trimmed Stake by $1.80 Million; As Avis Budget Group (CAR) Valuation Declined, Baupost Group Has Lowered by $112.60 Million Its Position

February 7, 2018 - By Vivian Park

Jeffrey Furber decreased its stake in Douglas Emmett Inc (DEI) by 3.65% based on its latest 2017Q3 regulatory filing with the SEC. Aew Capital Management LP sold 46,100 shares as the company’s stock declined 2.71% while stock markets rallied. The hedge fund run by Jeffrey Furber held 1.22M shares of the consumer services company at the end of 2017Q3, valued at $48.02M, down from 1.26 million at the end of the previous reported quarter. Aew Capital Management LP who had been investing in Douglas Emmett Inc for a number of months, seems to be less bullish one the $6.99B market cap company. The stock decreased 0.83% or $0.3 during the last trading session, reaching $35.97. About 1.24M shares traded or 51.52% up from the average. Douglas Emmett, Inc. (NYSE:DEI) has risen 18.46% since February 7, 2017 and is uptrending. It has outperformed by 1.76% the S&P500.

Seth Klarman decreased its stake in Avis Budget Group (CAR) by 74.08% based on its latest 2017Q3 regulatory filing with the SEC. Baupost Group Llc sold 2.96M shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Seth Klarman held 1.04 million shares of the consumer services company at the end of 2017Q3, valued at $39.46M, down from 4.00M at the end of the previous reported quarter. Baupost Group Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.57B market cap company. The stock increased 4.51% or $1.89 during the last trading session, reaching $43.83. About 2.24 million shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since February 7, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.




Since August 9, 2017, it had 1 buying transaction, and 7 selling transactions for $123.81 million activity. $5.60 million worth of stock was sold by NELSON RONALD L on Tuesday, September 12. De Shon Larry D sold 25,000 shares worth $1.05 million. 1,300 shares were sold by Calabria David T, worth $46,618. 1,500 shares were sold by Sweeney Stender E, worth $52,530 on Wednesday, September 6. 3.50 million shares valued at $141.96M were bought by SRS Investment Management – LLC on Friday, December 8. Hardy John D. Jr. sold $29,764 worth of stock.

Investors sentiment decreased to 0.58 in Q3 2017. Its down 0.46, from 1.04 in 2017Q2. It dived, as 45 investors sold CAR shares while 83 reduced holdings. 35 funds opened positions while 39 raised stakes. 110.63 million shares or 4.00% less from 115.24 million shares in 2017Q2 were reported. Bbt Mgmt Ltd Liability Corp holds 407,449 shares. Commonwealth National Bank Of reported 0.04% stake. Swiss Bancorporation accumulated 130,300 shares. Ubs Asset Americas Inc accumulated 0% or 108,625 shares. Ny State Common Retirement Fund invested in 0% or 90,399 shares. Ohio-based Diamond Hill Cap Mgmt has invested 0.91% in Avis Budget Group, Inc. (NASDAQ:CAR). Sg Management Limited Com holds 239,848 shares or 0.99% of its portfolio. Neuberger Berman Group Incorporated Limited Liability holds 0.15% or 3.14 million shares. Teewinot Cap Advisers Ltd Liability stated it has 4.71% in Avis Budget Group, Inc. (NASDAQ:CAR). The New York-based Jpmorgan Chase And has invested 0.01% in Avis Budget Group, Inc. (NASDAQ:CAR). Advisory Svcs Networks Llc accumulated 90 shares. Ontario Teachers Pension Plan Board has invested 0.02% in Avis Budget Group, Inc. (NASDAQ:CAR). Us National Bank De, a Minnesota-based fund reported 403 shares. Fny Managed Accounts Ltd Company stated it has 0.21% of its portfolio in Avis Budget Group, Inc. (NASDAQ:CAR). 7 are owned by Next Financial Grp.

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on February, 21. They expect $0.19 earnings per share, up 26.67% or $0.04 from last year’s $0.15 per share. CAR’s profit will be $15.47M for 57.67 P/E if the $0.19 EPS becomes a reality. After $3.10 actual earnings per share reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -93.87% negative EPS growth.

Baupost Group Llc, which manages about $29.88 billion and $8.02 billion US Long portfolio, upped its stake in Forward Pharma A/S by 99,206 shares to 6.46M shares, valued at $39.23M in 2017Q3, according to the filing. It also increased its holding in Cardinal Health Inc (NYSE:CAH) by 500,000 shares in the quarter, for a total of 2.53M shares, and has risen its stake in Twenty First Centy Fox Inc (NASDAQ:FOX).

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Avis Budget had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, February 25 by M Partners. The firm has “Hold” rating given on Thursday, September 14 by Credit Suisse. The firm earned “Buy” rating on Friday, August 4 by J.P. Morgan. The stock of Avis Budget Group, Inc. (NASDAQ:CAR) has “Buy” rating given on Tuesday, March 22 by Sterne Agee CRT. On Wednesday, November 4 the stock rating was downgraded by JP Morgan to “Neutral”. The firm has “Buy” rating given on Thursday, August 4 by Deutsche Bank. As per Thursday, February 25, the company rating was maintained by Barclays Capital. The firm has “Outperform” rating given on Tuesday, April 12 by Credit Suisse. As per Monday, December 14, the company rating was maintained by M Partners. Barclays Capital maintained Avis Budget Group, Inc. (NASDAQ:CAR) on Monday, February 22 with “Equal-Weight” rating.

Aew Capital Management L P, which manages about $25.93B and $4.02B US Long portfolio, upped its stake in Retail Properties Of America Inc Cl A (NYSE:RPAI) by 78,700 shares to 6.27 million shares, valued at $82.27M in 2017Q3, according to the filing. It also increased its holding in American Campus Communities (NYSE:ACC) by 75,424 shares in the quarter, for a total of 1.10 million shares, and has risen its stake in Digital Realty Trust Inc (NYSE:DLR).

Among 17 analysts covering Douglas Emmett (NYSE:DEI), 5 have Buy rating, 2 Sell and 10 Hold. Therefore 29% are positive. Douglas Emmett had 51 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of DEI in report on Friday, October 6 with “Hold” rating. The stock has “Hold” rating by Zacks on Monday, August 31. The rating was initiated by BMO Capital Markets on Thursday, September 10 with “Market Perform”. The rating was upgraded by Zacks on Monday, September 7 to “Buy”. Barclays Capital maintained it with “Underweight” rating and $35 target in Tuesday, July 18 report. The stock of Douglas Emmett, Inc. (NYSE:DEI) earned “Underweight” rating by Barclays Capital on Wednesday, March 23. The firm has “Overweight” rating given on Tuesday, March 15 by JP Morgan. Zacks upgraded the stock to “Buy” rating in Monday, September 21 report. The company was downgraded on Tuesday, December 13 by Wells Fargo. Sandler O’Neill maintained Douglas Emmett, Inc. (NYSE:DEI) on Tuesday, January 23 with “Hold” rating.

Since September 21, 2017, it had 0 insider buys, and 1 sale for $3.90 million activity.

Investors sentiment decreased to 1.8 in Q3 2017. Its down 0.11, from 1.91 in 2017Q2. It dived, as 20 investors sold DEI shares while 51 reduced holdings. 28 funds opened positions while 100 raised stakes. 158.93 million shares or 3.33% more from 153.81 million shares in 2017Q2 were reported. Tiaa Cref Invest Management Ltd Company has invested 0.01% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI). Bnp Paribas Arbitrage owns 165,431 shares. Wells Fargo Mn holds 0% or 104,732 shares in its portfolio. Riverhead Cap Management Llc invested in 0.01% or 6,975 shares. Northwestern Mutual Wealth Mngmt Co accumulated 52 shares or 0% of the stock. Wellington Mngmt Grp Incorporated Limited Liability Partnership stated it has 0.02% of its portfolio in Douglas Emmett, Inc. (NYSE:DEI). Colorado-based Public Employees Retirement Association Of Colorado has invested 0.01% in Douglas Emmett, Inc. (NYSE:DEI). Menta Capital Lc holds 0.17% or 28,772 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt System invested in 0.01% or 22,334 shares. Ubs Asset Americas invested in 0.01% or 391,927 shares. State Of Wisconsin Invest Board invested 0% in Douglas Emmett, Inc. (NYSE:DEI). Verition Fund Mngmt Lc holds 0.03% or 8,585 shares in its portfolio. 146,500 are held by State Of New Jersey Common Pension Fund D. Nationwide Fund Advsrs holds 488,411 shares. Atwood Palmer reported 0% stake.

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