Brookfield Asset Management Has Lifted Position in Teekay Offshore Partners LP (TOO) by $487.65 Million as Market Value Rose; As Intl Bus Mach (IBM) Stock Price Declined, Strs Ohio Boosted by $12.32 Million Its Holding

April 19, 2018 - By Linda Rogers

Teekay Offshore Partners L.P. (NYSE:TOO) Logo

Brookfield Asset Management Inc increased its stake in Teekay Offshore Partners Lp (TOO) by 139163.84% based on its latest 2017Q4 regulatory filing with the SEC. Brookfield Asset Management Inc bought 243.82M shares as the company’s stock rose 1.75% while stock markets declined. The hedge fund held 244.00 million shares of the marine transportation company at the end of 2017Q4, valued at $575.84 million, up from 175,207 at the end of the previous reported quarter. Brookfield Asset Management Inc who had been investing in Teekay Offshore Partners Lp for a number of months, seems to be bullish on the $1.10B market cap company. The stock increased 1.56% or $0.04 during the last trading session, reaching $2.6. About 458,863 shares traded. Teekay Offshore Partners L.P. (NYSE:TOO) has declined 51.56% since April 19, 2017 and is downtrending. It has underperformed by 63.11% the S&P500.

Strs Ohio increased its stake in Intl Bus Mach Corp (IBM) by 16.88% based on its latest 2017Q4 regulatory filing with the SEC. Strs Ohio bought 80,496 shares as the company’s stock declined 0.39% with the market. The institutional investor held 557,288 shares of the computer manufacturing company at the end of 2017Q4, valued at $85.50M, up from 476,792 at the end of the previous reported quarter. Strs Ohio who had been investing in Intl Bus Mach Corp for a number of months, seems to be bullish on the $137.06 billion market cap company. The stock decreased 7.53% or $12.12 during the last trading session, reaching $148.79. About 20.38 million shares traded or 276.33% up from the average. International Business Machines Corporation (NYSE:IBM) has declined 12.58% since April 19, 2017 and is downtrending. It has underperformed by 24.13% the S&P500.

Among 9 analysts covering Teekay Offshore (NYSE:TOO), 5 have Buy rating, 1 Sell and 3 Hold. Therefore 56% are positive. Teekay Offshore had 17 analyst reports since August 4, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, November 15 by UBS. The firm earned “Outperform” rating on Thursday, August 18 by RBC Capital Markets. As per Thursday, December 17, the company rating was downgraded by Seaport Global Securities. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Monday, February 12 report. As per Friday, August 7, the company rating was downgraded by Citigroup. RBC Capital Markets maintained the shares of TOO in report on Thursday, August 13 with “Sector Perform” rating. RBC Capital Markets maintained Teekay Offshore Partners L.P. (NYSE:TOO) rating on Thursday, December 17. RBC Capital Markets has “Sector Perform” rating and $11 target. The firm earned “Accumulate” rating on Tuesday, August 4 by Global Hunter Securities. The firm has “Outperform” rating given on Thursday, September 14 by Wells Fargo. The stock of Teekay Offshore Partners L.P. (NYSE:TOO) earned “Equal-Weight” rating by Morgan Stanley on Tuesday, April 19.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.11, from 0.9 in 2017Q3. It fall, as 14 investors sold TOO shares while 20 reduced holdings. 15 funds opened positions while 12 raised stakes. 73.81 million shares or 3.75% more from 71.14 million shares in 2017Q3 were reported. Group Inc One Trading Ltd Partnership holds 0% or 118,321 shares. Moreover, First Interstate Fincl Bank has 0% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 1,000 shares. Magnetar Fincl Llc holds 0.73% in Teekay Offshore Partners L.P. (NYSE:TOO) or 12.54 million shares. Royal National Bank Of Canada has invested 0% in Teekay Offshore Partners L.P. (NYSE:TOO). 250 were accumulated by Reilly Advisors Limited Liability. Wells Fargo & Mn reported 0% in Teekay Offshore Partners L.P. (NYSE:TOO). New York-based First Manhattan has invested 0.04% in Teekay Offshore Partners L.P. (NYSE:TOO). Guggenheim Cap Ltd Liability owns 992,159 shares. Bancorp Of Ny Mellon holds 15,021 shares. Morgan Stanley reported 395,702 shares stake. Pinnacle Hldgs Llc holds 0.01% or 9,457 shares in its portfolio. Luminus Mngmt Ltd Liability Co holds 0.55% or 10.97 million shares. Eagle Global Advsrs Lc holds 0.33% or 4.41 million shares. Virtu Fin Ltd Liability Corp owns 0.01% invested in Teekay Offshore Partners L.P. (NYSE:TOO) for 114,872 shares. Raymond James Assoc holds 0% or 89,420 shares in its portfolio.

Among 33 analysts covering International Business Machines (NYSE:IBM), 13 have Buy rating, 4 Sell and 16 Hold. Therefore 39% are positive. International Business Machines had 126 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Sector Perform” rating on Tuesday, October 20 by RBC Capital Markets. The rating was maintained by Morgan Stanley on Thursday, March 31 with “Overweight”. RBC Capital Markets maintained International Business Machines Corporation (NYSE:IBM) on Thursday, October 12 with “Hold” rating. Deutsche Bank maintained it with “Hold” rating and $150 target in Tuesday, October 20 report. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, August 30. The stock of International Business Machines Corporation (NYSE:IBM) earned “Buy” rating by Stifel Nicolaus on Wednesday, June 7. On Tuesday, July 19 the stock rating was maintained by UBS with “Neutral”. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 18. Goldman Sachs maintained International Business Machines Corporation (NYSE:IBM) rating on Tuesday, April 19. Goldman Sachs has “Neutral” rating and $150 target. The company was maintained on Friday, January 19 by Berenberg.

Strs Ohio, which manages about $23.41 billion US Long portfolio, decreased its stake in United Technologies (NYSE:UTX) by 15,779 shares to 399,904 shares, valued at $51.02 million in 2017Q4, according to the filing. It also reduced its holding in Discover Financial (NYSE:DFS) by 209,904 shares in the quarter, leaving it with 1.05 million shares, and cut its stake in Electronic Arts Inc (NASDAQ:EA).

Investors sentiment increased to 1.03 in 2017 Q4. Its up 0.29, from 0.74 in 2017Q3. It improved, as 54 investors sold IBM shares while 604 reduced holdings. 156 funds opened positions while 519 raised stakes. 504.07 million shares or 2.90% less from 519.10 million shares in 2017Q3 were reported. Amer Services, Massachusetts-based fund reported 103,991 shares. Wendell David Associates owns 8,975 shares for 0.24% of their portfolio. Sather Financial Grp accumulated 46,060 shares. Robeco Institutional Asset Mgmt Bv reported 0.24% in International Business Machines Corporation (NYSE:IBM). The Ohio-based Private Tru Communications Na has invested 0.51% in International Business Machines Corporation (NYSE:IBM). Cetera Advisor Netwr Ltd Limited Liability Company invested in 27,988 shares or 0.18% of the stock. 2,437 are held by Green Square Cap Ltd Liability. Kwmg Ltd Company stated it has 0.5% of its portfolio in International Business Machines Corporation (NYSE:IBM). Opus Group Incorporated Ltd Com has invested 0.09% of its portfolio in International Business Machines Corporation (NYSE:IBM). Brinker Cap reported 7,898 shares. Sentinel Trust Lba accumulated 29,058 shares. Cornerstone Advsrs Incorporated has 1,646 shares for 0.17% of their portfolio. Price Management Incorporated reported 0.61% in International Business Machines Corporation (NYSE:IBM). Moreover, Pinnacle Associates Ltd has 0.27% invested in International Business Machines Corporation (NYSE:IBM) for 92,805 shares. Coho Prtn Limited reported 4,150 shares.

Since January 31, 2018, it had 1 insider buy, and 2 sales for $2.69 million activity. WADDELL FREDERICK H also bought $99,659 worth of International Business Machines Corporation (NYSE:IBM) shares. Shares for $780,000 were sold by Gherson Diane J.

International Business Machines Corporation (NYSE:IBM) Institutional Positions Chart

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