Hood River Capital Management Raised Position in Western Alliance Bancorp (WAL) by $2.44 Million as Market Value Declined; Enterprise Prods Partners L (EPD) Holding Boosted by Stephens Inc

April 26, 2018 - By Maria Brooks

Enterprise Products Partners L.P. (NYSE:EPD) Logo

Stephens Inc increased its stake in Enterprise Prods Partners L (EPD) by 13.72% based on its latest 2017Q4 regulatory filing with the SEC. Stephens Inc bought 30,931 shares as the company’s stock declined 8.22% with the market. The institutional investor held 256,348 shares of the natural gas distribution company at the end of 2017Q4, valued at $6.80 million, up from 225,417 at the end of the previous reported quarter. Stephens Inc who had been investing in Enterprise Prods Partners L for a number of months, seems to be bullish on the $58.67 billion market cap company. The stock increased 1.96% or $0.52 during the last trading session, reaching $27.02. About 5.20M shares traded. Enterprise Products Partners L.P. (NYSE:EPD) has declined 10.03% since April 26, 2017 and is downtrending. It has underperformed by 21.58% the S&P500.

Hood River Capital Management Llc increased its stake in Western Alliance Bancorp (WAL) by 8.43% based on its latest 2017Q4 regulatory filing with the SEC. Hood River Capital Management Llc bought 43,567 shares as the company’s stock declined 1.95% with the market. The institutional investor held 560,562 shares of the major banks company at the end of 2017Q4, valued at $31.74M, up from 516,995 at the end of the previous reported quarter. Hood River Capital Management Llc who had been investing in Western Alliance Bancorp for a number of months, seems to be bullish on the $6.25 billion market cap company. The stock decreased 0.54% or $0.32 during the last trading session, reaching $59.12. About 544,969 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 21.44% since April 26, 2017 and is uptrending. It has outperformed by 9.89% the S&P500.

Hood River Capital Management Llc, which manages about $698.72 million and $1.73B US Long portfolio, decreased its stake in Macquarie Infrastructure Co (NYSE:MIC) by 131,492 shares to 269 shares, valued at $17,000 in 2017Q4, according to the filing. It also reduced its holding in Integrated Device Tech Inc (NASDAQ:IDTI) by 216,844 shares in the quarter, leaving it with 725,403 shares, and cut its stake in Century Aluminum Company (NASDAQ:CENX).

Since October 27, 2017, it had 1 insider purchase, and 9 selling transactions for $6.04 million activity. Another trade for 2,942 shares valued at $173,578 was made by Theisen Randall S on Friday, January 26. $123,880 worth of Western Alliance Bancorporation (NYSE:WAL) was sold by MCAUSLAN ROBERT REOCH on Friday, March 9. Ardrey J. Kelly Jr. sold $32,441 worth of stock or 538 shares. The insider Guedry John sold $606,436. LATTA ROBERT P bought 29 shares worth $1,722.

Among 14 analysts covering Western Alliance Bancorp (NYSE:WAL), 14 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance Bancorp had 52 analyst reports since September 8, 2015 according to SRatingsIntel. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Overweight” rating by Barclays Capital on Monday, October 23. The stock of Western Alliance Bancorporation (NYSE:WAL) earned “Buy” rating by Jefferies on Monday, July 24. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Market Perform” rating given on Thursday, September 1 by Wells Fargo. The company was maintained on Wednesday, July 5 by RBC Capital Markets. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Friday, October 20 by RBC Capital Markets. The firm has “Buy” rating given on Monday, January 29 by Jefferies. The company was maintained on Wednesday, April 5 by Jefferies. As per Tuesday, January 2, the company rating was maintained by Barclays Capital. Sandler O’Neill maintained Western Alliance Bancorporation (NYSE:WAL) rating on Monday, January 29. Sandler O’Neill has “Buy” rating and $69.0 target. The company was maintained on Tuesday, April 24 by Jefferies.

Investors sentiment decreased to 1.26 in Q4 2017. Its down 0.06, from 1.32 in 2017Q3. It turned negative, as 23 investors sold WAL shares while 93 reduced holdings. 46 funds opened positions while 100 raised stakes. 85.36 million shares or 0.68% more from 84.78 million shares in 2017Q3 were reported. Point72 Asia (Hong Kong) reported 10 shares. Zurcher Kantonalbank (Zurich Cantonalbank) owns 5,171 shares for 0% of their portfolio. Swiss Commercial Bank holds 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 170,800 shares. Aimz Inv Advisors Ltd Liability owns 5,633 shares. Blackrock Incorporated has invested 0.01% in Western Alliance Bancorporation (NYSE:WAL). Renaissance Techs Ltd owns 9,304 shares or 0% of their US portfolio. Oppenheimer Asset Mngmt Incorporated owns 35,969 shares. Moreover, Basswood Management Ltd Co has 0.2% invested in Western Alliance Bancorporation (NYSE:WAL). Century Companies Inc has 169,250 shares for 0.01% of their portfolio. Palouse Cap Mgmt holds 0.07% or 3,717 shares. Principal Finance Grp reported 0.01% stake. Oak Ridge Llc reported 60,026 shares. Quantbot Tech LP holds 0% of its portfolio in Western Alliance Bancorporation (NYSE:WAL) for 509 shares. Waddell & Reed Fincl stated it has 1.41 million shares or 0.18% of all its holdings. Paloma Prns Mngmt Commerce accumulated 7,433 shares.

Stephens Inc, which manages about $6.58 billion and $2.67 billion US Long portfolio, decreased its stake in Cisco Sys Inc (NASDAQ:CSCO) by 22,066 shares to 359,028 shares, valued at $13.75 million in 2017Q4, according to the filing. It also reduced its holding in Intl Paper Co (NYSE:IP) by 11,340 shares in the quarter, leaving it with 53,806 shares, and cut its stake in Marriott Intl Inc New (NASDAQ:MAR).

Among 26 analysts covering Enterprise Products Partners LP (NYSE:EPD), 26 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Enterprise Products Partners LP had 58 analyst reports since July 23, 2015 according to SRatingsIntel. On Monday, August 31 the stock rating was downgraded by Vetr to “Strong-Buy”. The firm earned “Buy” rating on Tuesday, January 16 by RBC Capital Markets. As per Thursday, March 31, the company rating was initiated by Mitsubishi UFG. The firm has “Buy” rating given on Friday, October 13 by Mizuho. The company was initiated on Wednesday, May 11 by Bernstein. The stock has “Buy” rating by Argus Research on Tuesday, November 3. The stock of Enterprise Products Partners L.P. (NYSE:EPD) earned “Buy” rating by DA Davidson on Thursday, July 23. As per Friday, September 16, the company rating was initiated by Evercore. On Tuesday, August 18 the stock rating was downgraded by Vetr to “Strong-Buy”. The firm has “Buy” rating by Bank of America given on Tuesday, March 27.

Since March 7, 2018, it had 2 insider buys, and 0 insider sales for $1.10 million activity.

Investors sentiment decreased to 0.85 in 2017 Q4. Its down 0.15, from 1 in 2017Q3. It is negative, as 60 investors sold EPD shares while 283 reduced holdings. 73 funds opened positions while 219 raised stakes. 750.14 million shares or 4.26% less from 783.53 million shares in 2017Q3 were reported. Wealthtrust holds 0.3% or 23,096 shares in its portfolio. Pinnacle Ptnrs Inc has 47,307 shares. Moneta Grp Invest Advisors, a Missouri-based fund reported 15,000 shares. Fdx Advisors, California-based fund reported 120,380 shares. Arete Wealth Ltd Liability holds 0.23% or 26,240 shares in its portfolio. Hyman Charles D stated it has 0.05% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Cordasco Financial Network reported 0.03% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Moreover, Jp Marvel Investment Advsr Ltd Llc has 0.12% invested in Enterprise Products Partners L.P. (NYSE:EPD) for 15,304 shares. Mark Asset Mgmt reported 26,200 shares. Koshinski Asset Mgmt invested in 8,516 shares. Ct Mason reported 1.62% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). First Heartland Consultants holds 9,488 shares or 0.08% of its portfolio. Hudson Valley Advsrs Incorporated Adv invested 0.05% of its portfolio in Enterprise Products Partners L.P. (NYSE:EPD). Highlander Cap Management Lc reported 7,100 shares. Victory Capital Management has invested 0.05% in Enterprise Products Partners L.P. (NYSE:EPD).

Western Alliance Bancorporation (NYSE:WAL) Institutional Positions Chart

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