As Targa Res (TRGP) Market Value Declined, Zimmer Partners LP Lowered Its Holding; Three Peaks Capital Management Lifted Its Stake in Eldorado Resorts (ERI) by $2.81 Million

April 18, 2018 - By Kurt Siggers

Three Peaks Capital Management Llc increased its stake in Eldorado Resorts Inc (ERI) by 23.96% based on its latest 2017Q4 regulatory filing with the SEC. Three Peaks Capital Management Llc bought 85,217 shares as the company’s stock declined 0.60% with the market. The institutional investor held 440,911 shares of the consumer services company at the end of 2017Q4, valued at $14.62M, up from 355,694 at the end of the previous reported quarter. Three Peaks Capital Management Llc who had been investing in Eldorado Resorts Inc for a number of months, seems to be bullish on the $3.18 billion market cap company. The stock increased 0.49% or $0.2 during the last trading session, reaching $41.2. About 333,837 shares traded. Eldorado Resorts, Inc. (NASDAQ:ERI) has risen 84.36% since April 18, 2017 and is uptrending. It has outperformed by 72.81% the S&P500.

Stuart J. Zimmer decreased its stake in Targa Res Corp (TRGP) by 32.84% based on its latest 2017Q4 regulatory filing with the SEC. Zimmer Partners Lp sold 1.95 million shares as the company’s stock declined 3.67% with the market. The hedge fund run by Stuart J. Zimmer held 3.98 million shares of the public utilities company at the end of 2017Q4, valued at $192.89 million, down from 5.93 million at the end of the previous reported quarter. Zimmer Partners Lp who had been investing in Targa Res Corp for a number of months, seems to be less bullish one the $10.51 billion market cap company. The stock increased 1.61% or $0.76 during the last trading session, reaching $48.01. About 946,545 shares traded. Targa Resources Corp. (NYSE:TRGP) has declined 20.04% since April 18, 2017 and is downtrending. It has underperformed by 31.59% the S&P500.

Analysts await Targa Resources Corp. (NYSE:TRGP) to report earnings on May, 3. They expect $0.02 EPS, up 102.60% or $0.79 from last year’s $-0.77 per share. TRGP’s profit will be $4.38 million for 600.13 P/E if the $0.02 EPS becomes a reality. After $-0.07 actual EPS reported by Targa Resources Corp. for the previous quarter, Wall Street now forecasts -128.57% EPS growth.

Among 19 analysts covering Targa Resources (NYSE:TRGP), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Targa Resources had 86 analyst reports since August 5, 2015 according to SRatingsIntel. On Thursday, February 1 the stock rating was upgraded by Goldman Sachs to “Buy”. Wells Fargo upgraded the stock to “Buy” rating in Monday, July 17 report. The firm has “Buy” rating by RBC Capital Markets given on Tuesday, January 16. The firm has “Hold” rating given on Wednesday, June 8 by Jefferies. The company was upgraded on Tuesday, September 27 by Barclays Capital. As per Tuesday, August 22, the company rating was maintained by Stifel Nicolaus. The firm has “Hold” rating by Credit Suisse given on Thursday, May 25. Stifel Nicolaus maintained the stock with “Buy” rating in Thursday, October 5 report. The rating was maintained by Seaport Global on Wednesday, February 14 with “Buy”. The stock has “Neutral” rating by Citigroup on Tuesday, October 10.

Investors sentiment decreased to 1.05 in 2017 Q4. Its down 0.19, from 1.24 in 2017Q3. It dived, as 31 investors sold TRGP shares while 119 reduced holdings. 45 funds opened positions while 112 raised stakes. 193.64 million shares or 5.92% more from 182.82 million shares in 2017Q3 were reported. Vantage Invest Advisors Ltd Liability has invested 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Asset Management One Ltd, a Japan-based fund reported 364,059 shares. Finance Architects has invested 0% in Targa Resources Corp. (NYSE:TRGP). Credit Suisse Ag reported 207,197 shares. Savings Bank Of America De reported 1.88 million shares. Axa invested 0% in Targa Resources Corp. (NYSE:TRGP). Strs Ohio invested 0% of its portfolio in Targa Resources Corp. (NYSE:TRGP). Parkside National Bank Tru reported 0.02% stake. Barclays Public Limited Liability has invested 0% in Targa Resources Corp. (NYSE:TRGP). Guyasuta Inv accumulated 4,360 shares. Guggenheim Capital Llc has invested 0.04% in Targa Resources Corp. (NYSE:TRGP). Cushing Asset Mgmt Limited Partnership holds 3.45 million shares. Livforsakringsbolaget Skandia Omsesidigt owns 3,400 shares. Plante Moran Advsr Limited Liability Co holds 0% or 131 shares in its portfolio. New York-based Catalyst Capital Advisors Ltd Limited Liability Company has invested 0.54% in Targa Resources Corp. (NYSE:TRGP).

Zimmer Partners Lp, which manages about $1.50B and $4.11 billion US Long portfolio, upped its stake in Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 621,253 shares to 14.30M shares, valued at $395.92M in 2017Q4, according to the filing. It also increased its holding in American Wtr Wks Co Inc New (NYSE:AWK) by 690,000 shares in the quarter, for a total of 932,500 shares, and has risen its stake in Duke Energy Corp New (NYSE:DUK).

Three Peaks Capital Management Llc, which manages about $566.27 million and $671.56M US Long portfolio, decreased its stake in Performance Food Group Co by 9,485 shares to 427,391 shares, valued at $14.15 million in 2017Q4, according to the filing. It also reduced its holding in Dish Network Corp (NASDAQ:DISH) by 12,116 shares in the quarter, leaving it with 187,368 shares, and cut its stake in Ardagh Group S A.

Investors sentiment increased to 1.27 in 2017 Q4. Its up 0.07, from 1.2 in 2017Q3. It improved, as 12 investors sold ERI shares while 51 reduced holdings. 36 funds opened positions while 44 raised stakes. 61.22 million shares or 4.09% more from 58.81 million shares in 2017Q3 were reported. Teacher Retirement System Of Texas reported 16,994 shares. Water Island Cap Ltd Com invested 0.05% in Eldorado Resorts, Inc. (NYSEARCA:ERI). Neuberger Berman Group Limited Liability Corporation, New York-based fund reported 36,954 shares. Price T Rowe Md owns 24,516 shares. 448 are held by Sanctuary Wealth Advsrs Lc. Royal Bancshares Of Canada invested in 0% or 3,225 shares. Three Peaks Lc accumulated 440,911 shares or 2.18% of the stock. Shellback LP holds 2.78% of its portfolio in Eldorado Resorts, Inc. (NYSEARCA:ERI) for 1.12M shares. Kansas-based Creative Planning has invested 0.01% in Eldorado Resorts, Inc. (NYSEARCA:ERI). Aqr Management Lc owns 46,489 shares for 0% of their portfolio. Lafitte Cap Management Limited Partnership accumulated 1.55 million shares. Wells Fargo & Commerce Mn has 177,324 shares. Park West Asset Mngmt Limited Liability Corp reported 1.75 million shares or 2.65% of all its holdings. California-based Schwab Charles Inv Mgmt has invested 0.01% in Eldorado Resorts, Inc. (NYSEARCA:ERI). Brinker Capital holds 0.02% of its portfolio in Eldorado Resorts, Inc. (NYSEARCA:ERI) for 16,844 shares.

Among 10 analysts covering Eldorado Resorts (NASDAQ:ERI), 10 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Eldorado Resorts had 16 analyst reports since March 11, 2016 according to SRatingsIntel. Roth Capital maintained the stock with “Buy” rating in Monday, April 16 report. SunTrust maintained Eldorado Resorts, Inc. (NYSEARCA:ERI) rating on Thursday, February 22. SunTrust has “Buy” rating and $37.0 target. The firm has “Outperform” rating by Macquarie Research given on Tuesday, April 3. The stock of Eldorado Resorts, Inc. (NYSEARCA:ERI) earned “Buy” rating by Roth Capital on Tuesday, February 20. J.P. Morgan initiated the shares of ERI in report on Thursday, July 20 with “Buy” rating. The rating was maintained by JP Morgan with “Overweight” on Wednesday, November 15. Imperial Capital maintained the shares of ERI in report on Monday, August 15 with “Outperform” rating. Macquarie Research maintained the stock with “Neutral” rating in Friday, March 11 report. Deutsche Bank initiated Eldorado Resorts, Inc. (NYSEARCA:ERI) rating on Monday, September 25. Deutsche Bank has “Buy” rating and $32.0 target. The stock of Eldorado Resorts, Inc. (NYSEARCA:ERI) has “Buy” rating given on Friday, August 19 by Suntrust Robinson.

Targa Resources Corp. (NYSE:TRGP) Institutional Positions Chart

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