Mariner Investment Group Stake in Voya Prime Rate Tr (PPR) Has Raised as Market Valuation Rose; Lear (LEA) Shareholder J-P Marvel Investment Advisors Has Trimmed Its Position as Market Valuation Rose

May 18, 2018 - By Clifton Ray

Lear Corporation (NYSE:LEA) Logo

J-P Marvel Investment Advisors Llc decreased its stake in Lear Corp (LEA) by 24.69% based on its latest 2017Q4 regulatory filing with the SEC. J-P Marvel Investment Advisors Llc sold 17,367 shares as the company’s stock rose 4.15% while stock markets declined. The hedge fund held 52,965 shares of the o.e.m. company at the end of 2017Q4, valued at $9.36M, down from 70,332 at the end of the previous reported quarter. J-P Marvel Investment Advisors Llc who had been investing in Lear Corp for a number of months, seems to be less bullish one the $13.35B market cap company. The stock decreased 0.68% or $1.38 during the last trading session, reaching $201.29. About 26,642 shares traded. Lear Corporation (NYSE:LEA) has risen 33.95% since May 18, 2017 and is uptrending. It has outperformed by 22.40% the S&P500.




William Michaelcheck increased its stake in Voya Prime Rate Tr (PPR) by 597.49% based on its latest 2017Q4 regulatory filing with the SEC. Mariner Investment Group Llc bought 89,624 shares as the company’s stock rose 2.17% while stock markets declined. The hedge fund run by William Michaelcheck held 104,624 shares of the company at the end of 2017Q4, valued at $530,000, up from 15,000 at the end of the previous reported quarter. Mariner Investment Group Llc who had been investing in Voya Prime Rate Tr for a number of months, seems to be bullish on the $755.09 million market cap company. The stock increased 0.18% or $0.01 during the last trading session, reaching $5.11. About 26,435 shares traded. Voya Prime Rate Trust (NYSE:PPR) has declined 5.12% since May 18, 2017 and is downtrending. It has underperformed by 16.67% the S&P500.

Among 21 analysts covering Lear Corporation (NYSE:LEA), 12 have Buy rating, 1 Sell and 8 Hold. Therefore 57% are positive. Lear Corporation had 80 analyst reports since July 27, 2015 according to SRatingsIntel. UBS downgraded Lear Corporation (NYSE:LEA) on Tuesday, October 3 to “Neutral” rating. The stock has “Neutral” rating by Robert W. Baird on Tuesday, October 11. The rating was maintained by Citigroup on Thursday, April 19 with “Buy”. Susquehanna maintained Lear Corporation (NYSE:LEA) rating on Wednesday, March 14. Susquehanna has “Hold” rating and $188.0 target. Robert W. Baird maintained Lear Corporation (NYSE:LEA) on Wednesday, August 30 with “Buy” rating. As per Friday, October 20, the company rating was maintained by Barclays Capital. The firm has “Buy” rating by Jefferies given on Monday, January 29. The stock of Lear Corporation (NYSE:LEA) has “Buy” rating given on Thursday, September 14 by KeyBanc Capital Markets. Barclays Capital maintained the stock with “Equal-Weight” rating in Thursday, July 27 report. The firm has “Buy” rating given on Tuesday, January 23 by Robert W. Baird.

Analysts await Lear Corporation (NYSE:LEA) to report earnings on July, 25. They expect $5.07 EPS, up 15.49% or $0.68 from last year’s $4.39 per share. LEA’s profit will be $336.25M for 9.93 P/E if the $5.07 EPS becomes a reality. After $5.10 actual EPS reported by Lear Corporation for the previous quarter, Wall Street now forecasts -0.59% negative EPS growth.

Investors sentiment increased to 0.96 in Q4 2017. Its up 0.04, from 0.92 in 2017Q3. It increased, as 26 investors sold LEA shares while 172 reduced holdings. 50 funds opened positions while 141 raised stakes. 58.04 million shares or 3.12% less from 59.92 million shares in 2017Q3 were reported. Paradigm Asset Mgmt Co Limited Liability Co has invested 0.76% in Lear Corporation (NYSE:LEA). Teacher Retirement System Of Texas owns 182,752 shares. Clearbridge Invs Ltd Liability Corp, a New York-based fund reported 223 shares. Chicago Equity Prtn Limited Liability reported 71,945 shares or 0.39% of all its holdings. Virtu Fincl Ltd Liability Com owns 3,442 shares. Barclays Public Limited Com holds 23,235 shares or 0% of its portfolio. Axa invested in 0.1% or 137,354 shares. Bancorporation Of Montreal Can holds 0.26% or 1.67M shares. Boston Ptnrs has 1.19 million shares for 0.25% of their portfolio. Raymond James Fincl Services Advisors stated it has 0.02% of its portfolio in Lear Corporation (NYSE:LEA). 43,962 are held by Bowling Management. Hsbc Hldg Public Limited Liability Corporation invested in 93,981 shares. Korea Inv reported 0.05% stake. Gamco Investors Et Al holds 0.01% or 8,500 shares. Tarbox Family Office invested 0% in Lear Corporation (NYSE:LEA).

Since February 16, 2018, it had 0 buys, and 10 selling transactions for $46.04 million activity. Shares for $1.27M were sold by Kunkel Jay K.. SCOTT RAYMOND E had sold 25,545 shares worth $4.86M on Friday, February 16. Vanneste Jeffrey H. sold $3.88 million worth of Lear Corporation (NYSE:LEA) on Friday, February 16. RUNKLE DONALD L sold $190,671 worth of stock. 17,006 Lear Corporation (NYSE:LEA) shares with value of $3.28M were sold by STEPHENS MEL. On Friday, February 16 the insider DiDonato Thomas A sold $4.07M.

More notable recent Lear Corporation (NYSE:LEA) news were published by: Streetinsider.com which released: “Paulson’s 13F Shows New Stake in Goldcorp (GG), Increase in Discovery (DISCA), Viacom (VIAB) (more…)” on May 15, 2018, also Seekingalpha.com with their article: “Lear Corporation: Macro Headwinds To Compress Prices” published on April 25, 2018, Gurufocus.com published: “John Paulson Establishes 8 New Positions in 1st Quarter” on May 17, 2018. More interesting news about Lear Corporation (NYSE:LEA) were released by: Crainsdetroit.com and their article: “Lear raises outlook on rising seating, electronics sales” published on April 26, 2018 as well as Seekingalpha.com‘s news article titled: “Lear Corporation: Primed For A Breakout” with publication date: May 17, 2018.

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.30, from 1.52 in 2017Q3. It worsened, as 11 investors sold PPR shares while 21 reduced holdings. 21 funds opened positions while 18 raised stakes. 40.94 million shares or 5.29% less from 43.23 million shares in 2017Q3 were reported. Baillie Gifford And Co owns 0.06% invested in Voya Prime Rate Trust (NYSE:PPR) for 8.84 million shares. Ntv Asset Ltd Com stated it has 0.1% in Voya Prime Rate Trust (NYSE:PPR). Benjamin F Edwards & accumulated 1,490 shares. Ptnrs Ltd Oh Adv reported 0.06% stake. 1832 Asset Mgmt Lp stated it has 0.01% of its portfolio in Voya Prime Rate Trust (NYSE:PPR). 4,350 are held by Stratos Wealth Partners Limited. Bessemer Group accumulated 0.03% or 1.32M shares. Royal Bankshares Of Canada reported 0% stake. City Of London Inv Mngmt Com reported 0.27% of its portfolio in Voya Prime Rate Trust (NYSE:PPR). Independence invested in 0.06% or 11,532 shares. 180,775 are held by Autus Asset Management Limited Liability. Raymond James & Associates reported 0% in Voya Prime Rate Trust (NYSE:PPR). Jaffetilchin Investment Prtnrs Limited Company stated it has 18,401 shares or 0.03% of all its holdings. Guggenheim Ltd Co reported 0% of its portfolio in Voya Prime Rate Trust (NYSE:PPR). Sg Americas Securities Ltd Limited Liability Company reported 50,423 shares or 0% of all its holdings.

Another recent and important Voya Prime Rate Trust (NYSE:PPR) news was published by Businesswire.com which published an article titled: “PPR – $.0235 April Dividend” on May 01, 2018.

Mariner Investment Group Llc, which manages about $28.99 billion and $239.01 million US Long portfolio, decreased its stake in Cornerstone Strategic Value (CLM) by 27,700 shares to 29,300 shares, valued at $453,000 in 2017Q4, according to the filing. It also reduced its holding in Dominion Energy Midstrm Prtn (NYSE:DM) by 11,246 shares in the quarter, leaving it with 8,847 shares, and cut its stake in Jpmorgan Chase & Co (AMJ).

Lear Corporation (NYSE:LEA) Institutional Positions Chart

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