Pivot Point Capital Partners Stake in Clean Harbors (CLH) Has Cut as Share Value Rose; Moon Capital Management LP Has Boosted Its Bed Bath & Beyond (BBBY) Stake by $2.06 Million

February 4, 2018 - By Vivian Park

John W. Moon increased its stake in Bed Bath & Beyond Inc (BBBY) by 49.71% based on its latest 2017Q3 regulatory filing with the SEC. Moon Capital Management Lp bought 89,397 shares as the company’s stock declined 14.12% while stock markets rallied. The hedge fund run by John W. Moon held 269,238 shares of the home furnishings company at the end of 2017Q3, valued at $6.32 million, up from 179,841 at the end of the previous reported quarter. Moon Capital Management Lp who had been investing in Bed Bath & Beyond Inc for a number of months, seems to be bullish on the $3.09 billion market cap company. The stock decreased 4.54% or $1.03 during the last trading session, reaching $21.68. About 4.92M shares traded. Bed Bath & Beyond Inc. (NASDAQ:BBBY) has declined 16.34% since February 4, 2017 and is downtrending. It has underperformed by 33.04% the S&P500.

James A. Noonan decreased its stake in Clean Harbors Inc (CLH) by 44.65% based on its latest 2017Q3 regulatory filing with the SEC. Pivot Point Capital Partners Llc sold 188,256 shares as the company’s stock rose 3.54% with the market. The hedge fund run by James A. Noonan held 233,328 shares of the basic industries company at the end of 2017Q3, valued at $13.23 million, down from 421,584 at the end of the previous reported quarter. Pivot Point Capital Partners Llc who had been investing in Clean Harbors Inc for a number of months, seems to be less bullish one the $3.06B market cap company. The stock decreased 2.26% or $1.24 during the last trading session, reaching $53.69. About 273,957 shares traded. Clean Harbors, Inc. (NYSE:CLH) has risen 18.53% since February 4, 2017 and is uptrending. It has outperformed by 1.83% the S&P500.




Investors sentiment decreased to 1.01 in 2017 Q3. Its down 0.21, from 1.22 in 2017Q2. It dived, as 18 investors sold CLH shares while 75 reduced holdings. 32 funds opened positions while 62 raised stakes. 52.13 million shares or 1.97% less from 53.18 million shares in 2017Q2 were reported. Jp Marvel Inv Advsr Lc has 0.34% invested in Clean Harbors, Inc. (NYSE:CLH) for 18,643 shares. Millennium Ltd Co, New York-based fund reported 142,771 shares. Tiedemann Wealth Mgmt Lc stated it has 22,291 shares or 0.01% of all its holdings. Turtle Creek Asset Mgmt stated it has 23,600 shares. 15,365 are held by Ameritas Partners. Wellington Mgmt Gru Llp holds 0.1% or 7.38 million shares in its portfolio. 13,900 were accumulated by Louisiana State Employees Retirement System. Whittier Trust accumulated 435 shares. Cypress Capital Mgmt Lc (Wy) reported 0.01% in Clean Harbors, Inc. (NYSE:CLH). State Of Wisconsin Inv Board invested 0.02% in Clean Harbors, Inc. (NYSE:CLH). Acadian Asset Mngmt Ltd Co accumulated 697 shares or 0% of the stock. 4,077 were accumulated by Cubist Systematic Strategies Limited Liability Co. Great West Life Assurance Company Can invested 0% of its portfolio in Clean Harbors, Inc. (NYSE:CLH). First Allied Advisory Serv has 0.02% invested in Clean Harbors, Inc. (NYSE:CLH). Qs Invsts Lc reported 11 shares.

Analysts await Clean Harbors, Inc. (NYSE:CLH) to report earnings on February, 28. They expect $0.06 EPS, up 200.00% or $0.12 from last year’s $-0.06 per share. CLH’s profit will be $3.42M for 223.71 P/E if the $0.06 EPS becomes a reality. After $0.21 actual EPS reported by Clean Harbors, Inc. for the previous quarter, Wall Street now forecasts -71.43% negative EPS growth.

Pivot Point Capital Partners Llc, which manages about $245.50M and $125.50M US Long portfolio, upped its stake in Monro Muffler Brake Inc (NASDAQ:MNRO) by 133,100 shares to 356,700 shares, valued at $19.99M in 2017Q3, according to the filing.

Among 14 analysts covering Clean Harbors Inc. (NYSE:CLH), 6 have Buy rating, 0 Sell and 8 Hold. Therefore 43% are positive. Clean Harbors Inc. had 39 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 5 by Stifel Nicolaus. The firm earned “Outperform” rating on Thursday, November 2 by BMO Capital Markets. The rating was downgraded by Barclays Capital to “Equal Weight” on Monday, November 7. The stock of Clean Harbors, Inc. (NYSE:CLH) earned “Outperform” rating by Wedbush on Wednesday, April 12. Stifel Nicolaus maintained it with “Buy” rating and $65 target in Thursday, February 23 report. The rating was downgraded by Barclays Capital on Tuesday, January 10 to “Underweight”. The stock of Clean Harbors, Inc. (NYSE:CLH) has “Sector Weight” rating given on Thursday, August 3 by KeyBanc Capital Markets. The firm has “Hold” rating given on Thursday, September 7 by Robert W. Baird. On Monday, November 14 the stock rating was maintained by Stifel Nicolaus with “Buy”. The rating was maintained by Oppenheimer with “Buy” on Wednesday, August 2.

Since August 24, 2017, it had 0 insider buys, and 3 sales for $313,845 activity. $27,528 worth of stock was sold by Weber Brian P on Friday, September 29. Another trade for 4,667 shares valued at $235,310 was sold by GERSTENBERG ERIC W.

Moon Capital Management Lp, which manages about $2.17B and $369.63 million US Long portfolio, decreased its stake in Mobile Telesystems Pjsc (NYSE:MBT) by 1.12 million shares to 1.10M shares, valued at $11.46M in 2017Q3, according to the filing. It also reduced its holding in Ishares Gold Trust (IAU) by 64,162 shares in the quarter, leaving it with 3.56M shares, and cut its stake in Wal (NYSE:WMT).

Among 31 analysts covering Bed Bath & Beyond (NASDAQ:BBBY), 2 have Buy rating, 9 Sell and 20 Hold. Therefore 6% are positive. Bed Bath & Beyond had 70 analyst reports since September 21, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Credit Suisse on Thursday, December 24. The stock has “Market Perform” rating by Telsey Advisory Group on Thursday, June 23. The firm has “Neutral” rating given on Friday, December 18 by Credit Suisse. Oppenheimer maintained Bed Bath & Beyond Inc. (NASDAQ:BBBY) on Friday, June 23 with “Hold” rating. The stock of Bed Bath & Beyond Inc. (NASDAQ:BBBY) earned “Neutral” rating by JP Morgan on Thursday, June 23. The firm earned “Hold” rating on Thursday, October 8 by Jefferies. On Tuesday, January 19 the stock rating was downgraded by BB&T Capital to “Underweight”. The rating was maintained by Deutsche Bank on Friday, September 25 with “Hold”. The rating was maintained by Robert W. Baird on Tuesday, October 31 with “Hold”. The stock has “Buy” rating by SunTrust on Monday, September 21.

Investors sentiment increased to 0.81 in 2017 Q3. Its up 0.06, from 0.75 in 2017Q2. It increased, as 84 investors sold BBBY shares while 103 reduced holdings. 39 funds opened positions while 113 raised stakes. 129.74 million shares or 2.88% less from 133.60 million shares in 2017Q2 were reported. Asset Mngmt reported 5,670 shares. State Treasurer State Of Michigan holds 54,200 shares. Koch reported 20,669 shares. The Pennsylvania-based Brandywine Global Ltd Llc has invested 0% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Qs Limited Company stated it has 38 shares or 0% of all its holdings. Personal Capital Advisors Corp holds 164,899 shares or 0.08% of its portfolio. Daiwa Gru holds 4,550 shares or 0% of its portfolio. Weaver C Barksdale And Assoc has invested 0.06% in Bed Bath & Beyond Inc. (NASDAQ:BBBY). Moreover, Whittier Trust Of Nevada Inc has 0% invested in Bed Bath & Beyond Inc. (NASDAQ:BBBY) for 890 shares. Gargoyle Advisor Ltd owns 64,346 shares. Jefferies Group reported 0.01% stake. Delta Asset Mngmt Ltd Limited Liability Company Tn holds 144,588 shares. Kbc Group Nv owns 138,566 shares for 0.03% of their portfolio. Thompson Siegel Walmsley Ltd owns 1.93M shares or 0.54% of their US portfolio. Cornerstone Advsr invested 0% of its portfolio in Bed Bath & Beyond Inc. (NASDAQ:BBBY).

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