Mark Asset Management Boosted Its Position in Charles Schwab Corp. (SCHW) by $525,861; As Teekay Lng Partners (TGP) Share Price Declined, Beach Investment Counsel Raised by $3.65 Million Its Position

April 24, 2018 - By Vivian Park

Teekay LNG Partners L.P. (NYSE:TGP) Logo

Morris Mark increased its stake in Charles Schwab Corp. (SCHW) by 17.18% based on its latest 2017Q4 regulatory filing with the SEC. Mark Asset Management Corp bought 10,311 shares as the company’s stock declined 1.06% with the market. The hedge fund run by Morris Mark held 70,326 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $3.61M, up from 60,015 at the end of the previous reported quarter. Mark Asset Management Corp who had been investing in Charles Schwab Corp. for a number of months, seems to be bullish on the $75.39 billion market cap company. The stock increased 0.99% or $0.55 during the last trading session, reaching $55.92. About 1.16 million shares traded. The Charles Schwab Corporation (NYSE:SCHW) has risen 30.72% since April 24, 2017 and is uptrending. It has outperformed by 19.17% the S&P500.

Beach Investment Counsel Inc increased its stake in Teekay Lng Partners (TGP) by 534.4% based on its latest 2017Q4 regulatory filing with the SEC. Beach Investment Counsel Inc bought 182,272 shares as the company’s stock declined 11.22% with the market. The hedge fund held 216,380 shares of the marine transportation company at the end of 2017Q4, valued at $4.36 million, up from 34,108 at the end of the previous reported quarter. Beach Investment Counsel Inc who had been investing in Teekay Lng Partners for a number of months, seems to be bullish on the $1.49B market cap company. The stock increased 0.13% or $0.025 during the last trading session, reaching $18.675. About 25,941 shares traded. Teekay LNG Partners L.P. (NYSE:TGP) has risen 6.59% since April 24, 2017 and is uptrending. It has underperformed by 4.96% the S&P500.

Among 9 analysts covering Teekay LNG Partners L.P. (NYSE:TGP), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. Teekay LNG Partners L.P. had 25 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 6 by Stifel Nicolaus. Jefferies maintained the shares of TGP in report on Friday, August 4 with “Hold” rating. The stock has “Buy” rating by UBS on Tuesday, June 14. As per Monday, December 18, the company rating was initiated by Jefferies. The stock of Teekay LNG Partners L.P. (NYSE:TGP) earned “Sector Perform” rating by RBC Capital Markets on Thursday, December 17. Stifel Nicolaus initiated it with “Hold” rating and $14.50 target in Monday, November 21 report. Stifel Nicolaus maintained it with “Hold” rating and $20.0 target in Friday, February 23 report. The stock of Teekay LNG Partners L.P. (NYSE:TGP) has “Hold” rating given on Thursday, October 12 by Stifel Nicolaus. As per Tuesday, September 13, the company rating was initiated by Jefferies. Jefferies maintained Teekay LNG Partners L.P. (NYSE:TGP) rating on Tuesday, September 5. Jefferies has “Hold” rating and $16.0 target.

Beach Investment Counsel Inc, which manages about $1.43B and $1.03 billion US Long portfolio, decreased its stake in Magellan Midstream Partners L (NYSE:MMP) by 8,880 shares to 745,651 shares, valued at $52.90M in 2017Q4, according to the filing. It also reduced its holding in Microsoft (NASDAQ:MSFT) by 5,711 shares in the quarter, leaving it with 244,550 shares, and cut its stake in Enterprise Prod Partners (NYSE:EPD).

Investors sentiment increased to 1.15 in Q4 2017. Its up 0.12, from 1.03 in 2017Q3. It is positive, as 48 investors sold SCHW shares while 292 reduced holdings. 106 funds opened positions while 285 raised stakes. 1.05 billion shares or 0.91% more from 1.04 billion shares in 2017Q3 were reported. Sol Management Communication holds 0.56% or 38,208 shares in its portfolio. Commonwealth Of Pennsylvania School Empls Retrmt holds 0.08% in The Charles Schwab Corporation (NYSE:SCHW) or 106,721 shares. Kentucky-based Hl Ltd Liability Co has invested 0.01% in The Charles Schwab Corporation (NYSE:SCHW). Hsbc Plc has 0.06% invested in The Charles Schwab Corporation (NYSE:SCHW) for 832,691 shares. Boston Private Wealth Llc holds 561,392 shares or 1.08% of its portfolio. Broad Run Ltd invested in 7.65% or 4.61M shares. Chesley Taft And Associates Ltd Llc accumulated 37,635 shares or 0.16% of the stock. Sands Cap Mngmt has 25.43M shares. Monetary Mngmt, a Missouri-based fund reported 800 shares. Argent Tru Comm holds 0.34% or 17,048 shares. Atlanta L L C invested in 645,663 shares. 53,000 are owned by Doheny Asset Ca. Farmers Merchants Invs Inc has 0% invested in The Charles Schwab Corporation (NYSE:SCHW) for 415 shares. Oak Associates Limited Oh holds 3.98% or 1.09 million shares. Destination Wealth Mngmt holds 53,934 shares or 0.17% of its portfolio.

Mark Asset Management Corp, which manages about $461.09 million and $399.06M US Long portfolio, decreased its stake in Facebook Inc (NASDAQ:FB) by 42,142 shares to 121,195 shares, valued at $21.39 million in 2017Q4, according to the filing. It also reduced its holding in Mc Donalds Corp (NYSE:MCD) by 18,227 shares in the quarter, leaving it with 59,561 shares, and cut its stake in Visa Inc (NYSE:V).

The Charles Schwab Corporation (NYSE:SCHW) Institutional Positions Chart

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