Cushing Asset Management LP Upped Its Position in Enlink Midstream (ENLC) as Stock Value Declined; As Barnes & Noble (BKS) Share Value Declined, Maverick Capital LTD Trimmed Stake by $501,585

February 13, 2018 - By Hazel Jackson

Lee Ainslie decreased its stake in Barnes & Noble Inc (BKS) by 77.67% based on its latest 2017Q3 regulatory filing with the SEC. Maverick Capital Ltd sold 71,655 shares as the company’s stock declined 33.81% while stock markets rallied. The hedge fund run by Lee Ainslie held 20,600 shares of the consumer services company at the end of 2017Q3, valued at $157,000, down from 92,255 at the end of the previous reported quarter. Maverick Capital Ltd who had been investing in Barnes & Noble Inc for a number of months, seems to be less bullish one the $332.36M market cap company. The stock decreased 2.66% or $0.12 during the last trading session, reaching $4.57. About 494,780 shares traded. Barnes & Noble, Inc. (NYSE:BKS) has declined 38.50% since February 13, 2017 and is downtrending. It has underperformed by 55.20% the S&P500.

Cushing Asset Management Lp increased its stake in Enlink Midstream Llc (ENLC) by 24.15% based on its latest 2017Q3 regulatory filing with the SEC. Cushing Asset Management Lp bought 367,371 shares as the company’s stock declined 4.74% while stock markets rallied. The hedge fund held 1.89 million shares of the public utilities company at the end of 2017Q3, valued at $32.57 million, up from 1.52 million at the end of the previous reported quarter. Cushing Asset Management Lp who had been investing in Enlink Midstream Llc for a number of months, seems to be bullish on the $3.14B market cap company. The stock increased 0.43% or $0.075 during the last trading session, reaching $17.375. About 126,165 shares traded. EnLink Midstream, LLC (NYSE:ENLC) has risen 22.63% since February 13, 2017 and is uptrending. It has outperformed by 5.93% the S&P500.




Maverick Capital Ltd, which manages about $14.71B and $7.88B US Long portfolio, upped its stake in Envision Healthcare Corp by 2.56M shares to 7.65M shares, valued at $343.98M in 2017Q3, according to the filing. It also increased its holding in Paypal Hldgs Inc by 108,730 shares in the quarter, for a total of 167,280 shares, and has risen its stake in Goldman Sachs Group Inc (NYSE:GS).

Among 6 analysts covering Barnes & Noble Inc. (NYSE:BKS), 2 have Buy rating, 0 Sell and 4 Hold. Therefore 33% are positive. Barnes & Noble Inc. had 9 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Friday, September 4 by Stifel Nicolaus. The stock of Barnes & Noble, Inc. (NYSE:BKS) earned “Hold” rating by Gabelli on Wednesday, August 17. On Monday, July 27 the stock rating was initiated by Craig Hallum with “Buy”. The rating was initiated by Gabelli on Monday, October 12 with “Buy”. The rating was initiated by Cantor Fitzgerald with “Buy” on Wednesday, October 7. ValuEngine upgraded Barnes & Noble, Inc. (NYSE:BKS) on Friday, May 26 to “Buy” rating. The firm has “Neutral” rating by Sidoti given on Thursday, August 18. The rating was downgraded by Craig Hallum to “Hold” on Friday, December 1.

Investors sentiment decreased to 1.42 in 2017 Q3. Its down 0.06, from 1.48 in 2017Q2. It turned negative, as 20 investors sold BKS shares while 39 reduced holdings. 31 funds opened positions while 53 raised stakes. 47.54 million shares or 7.58% less from 51.43 million shares in 2017Q2 were reported. Barclays Public Limited Com accumulated 224,315 shares. Vanguard Gru has 0% invested in Barnes & Noble, Inc. (NYSE:BKS) for 5.24 million shares. Schmidt P J Mngmt Incorporated has invested 0.02% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Bankshares Of Montreal Can, Ontario – Canada-based fund reported 1,410 shares. Valley National Advisers Incorporated has invested 0% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Riverhead Mgmt Lc invested in 0% or 5,425 shares. Point72 Asia (Hong Kong) Limited has invested 0.02% in Barnes & Noble, Inc. (NYSE:BKS). Pacad Inv Limited has invested 0.03% in Barnes & Noble, Inc. (NYSE:BKS). Schwab Charles Mgmt Inc holds 794,765 shares or 0.01% of its portfolio. Principal Group Inc Inc reported 427,535 shares stake. Moreover, Towerview Ltd Com has 9.37% invested in Barnes & Noble, Inc. (NYSE:BKS) for 2.38 million shares. Pennsylvania-based Pnc Fincl Service Grp Inc has invested 0% in Barnes & Noble, Inc. (NYSE:BKS). Acadian Asset Ltd Liability Company reported 0.01% of its portfolio in Barnes & Noble, Inc. (NYSE:BKS). Sg Americas Secs Limited Liability Corp holds 0% or 14,818 shares. Glenmede Tru Na accumulated 280 shares.

Analysts await Barnes & Noble, Inc. (NYSE:BKS) to report earnings on March, 1. They expect $1.01 EPS, up 5.21% or $0.05 from last year’s $0.96 per share. BKS’s profit will be $73.45 million for 1.13 P/E if the $1.01 EPS becomes a reality. After $-0.41 actual EPS reported by Barnes & Noble, Inc. for the previous quarter, Wall Street now forecasts -346.34% EPS growth.

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