Sasco Capital Holds Position in Hanesbrands Ind (HBI); As Transcanada (TRP) Market Value Declined, Shareholder Heronetta Management LP Raised Its Holding

May 24, 2018 - By Matt Maslow

Hanesbrands Inc. (NYSE:HBI) Logo

Sasco Capital Inc increased its stake in Hanesbrands Ind (HBI) by 74.84% based on its latest 2017Q4 regulatory filing with the SEC. Sasco Capital Inc bought 1.84 million shares as the company’s stock declined 7.94% with the market. The institutional investor held 4.29 million shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $89.71 million, up from 2.45M at the end of the previous reported quarter. Sasco Capital Inc who had been investing in Hanesbrands Ind for a number of months, seems to be bullish on the $6.51B market cap company. The stock decreased 0.28% or $0.05 during the last trading session, reaching $18.07. About 138,386 shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 8.16% since May 24, 2017 and is downtrending. It has underperformed by 19.71% the S&P500.




Heronetta Management Lp increased its stake in Transcanada Corp (TRP) by 20.64% based on its latest 2017Q4 regulatory filing with the SEC. Heronetta Management Lp bought 15,400 shares as the company’s stock declined 16.00% with the market. The institutional investor held 90,000 shares of the natural gas distribution company at the end of 2017Q4, valued at $5.51 million, up from 74,600 at the end of the previous reported quarter. Heronetta Management Lp who had been investing in Transcanada Corp for a number of months, seems to be bullish on the $37.39 billion market cap company. The stock decreased 1.02% or $0.43 during the last trading session, reaching $41.83. About 132,855 shares traded. TransCanada Corporation (NYSE:TRP) has declined 12.65% since May 24, 2017 and is downtrending. It has underperformed by 24.20% the S&P500.

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 11 have Buy rating, 0 Sell and 2 Hold. Therefore 85% are positive. TransCanada Corporation had 29 analyst reports since August 4, 2015 according to SRatingsIntel. On Monday, July 31 the stock rating was maintained by BMO Capital Markets with “Outperform”. Citigroup maintained TransCanada Corporation (NYSE:TRP) on Wednesday, March 28 with “Buy” rating. The firm has “Sector Perform” rating by Scotia Capital given on Tuesday, August 4. The stock of TransCanada Corporation (NYSE:TRP) has “Outperform” rating given on Friday, April 8 by Credit Suisse. The stock has “Market Perform” rating by Wells Fargo on Thursday, March 22. Barclays Capital maintained it with “Equal-Weight” rating and $43 target in Monday, May 2 report. The rating was maintained by Goldman Sachs with “Buy” on Wednesday, July 20. The stock has “Buy” rating by Bank of America on Thursday, September 1. The company was maintained on Friday, March 16 by Morgan Stanley. As per Tuesday, September 1, the company rating was downgraded by Zacks.

More notable recent TransCanada Corporation (NYSE:TRP) news were published by: Fool.ca which released: “Enbridge Inc. vs. TransCanada Corp.: Better Buy on the Dip?” on May 22, 2018, also Seekingalpha.com with their article: “Show Me The Money” published on May 10, 2018, Seekingalpha.com published: “TransCanada’s C$1.4B North Montney Mainline project approved by NEB” on May 24, 2018. More interesting news about TransCanada Corporation (NYSE:TRP) were released by: Seekingalpha.com and their article: “Revaluation Of Alaskan Gas Assets” published on May 23, 2018 as well as Globenewswire.com‘s news article titled: “TC PipeLines, LP to Attend 2018 MLP & Energy Infrastructure Conference” with publication date: May 17, 2018.

More important recent Hanesbrands Inc. (NYSE:HBI) news were published by: Seekingalpha.com which released: “Small Cap Dividend Spotlight: HanesBrands” on April 29, 2018, also Seekingalpha.com published article titled: “HanesBrands: Value-Investor Opportunity”, Seekingalpha.com published: “Hanesbrands: Honing In On A Swing Low” on May 15, 2018. More interesting news about Hanesbrands Inc. (NYSE:HBI) was released by: Seekingalpha.com and their article: “Hanesbrands: A Defensive Cash Cow” with publication date: May 08, 2018.

Investors sentiment decreased to 1.11 in 2017 Q4. Its down 0.04, from 1.15 in 2017Q3. It dropped, as 75 investors sold HBI shares while 173 reduced holdings. 79 funds opened positions while 197 raised stakes. 337.77 million shares or 0.93% more from 334.65 million shares in 2017Q3 were reported. Asset One Commerce has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Moreover, Sg Americas Limited Liability Company has 0.01% invested in Hanesbrands Inc. (NYSE:HBI). Assetmark holds 0% or 9,991 shares. Dubuque National Bank & Trust Trust Com invested 0% in Hanesbrands Inc. (NYSE:HBI). New Jersey-based Princeton Portfolio Strategies Grp Incorporated has invested 1.43% in Hanesbrands Inc. (NYSE:HBI). Prudential Fin invested in 0.02% or 603,184 shares. Amica Retiree Medical stated it has 8,034 shares or 0.13% of all its holdings. Gotham Asset Mgmt Ltd holds 0.31% or 1.01 million shares in its portfolio. Pinebridge Limited Partnership owns 32,972 shares. The Delaware-based Riverhead Cap Mgmt has invested 0.03% in Hanesbrands Inc. (NYSE:HBI). Ahl Partners Limited Liability Partnership holds 540,944 shares. Louisiana State Employees Retirement holds 0.02% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 22,100 shares. Orrstown Financial Inc stated it has 111 shares or 0% of all its holdings. Westwood Gru accumulated 2.08M shares or 0.33% of the stock. Platinum Investment Ltd holds 2.44 million shares.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 11 have Buy rating, 0 Sell and 10 Hold. Therefore 52% are positive. Hanesbrands had 64 analyst reports since September 17, 2015 according to SRatingsIntel. Deutsche Bank maintained Hanesbrands Inc. (NYSE:HBI) on Friday, February 9 with “Buy” rating. The rating was maintained by Barclays Capital with “Overweight” on Thursday, November 2. On Thursday, August 4 the stock rating was maintained by Citigroup with “Buy”. The firm earned “Outperform” rating on Friday, October 16 by Oppenheimer. On Monday, October 26 the stock rating was downgraded by DA Davidson to “Neutral”. UBS maintained Hanesbrands Inc. (NYSE:HBI) rating on Friday, February 3. UBS has “Buy” rating and $25 target. The stock has “Neutral” rating by Citigroup on Wednesday, May 2. The stock has “Hold” rating by Stifel Nicolaus on Friday, February 3. The rating was maintained by Stifel Nicolaus on Thursday, November 2 with “Hold”. The firm has “Hold” rating given on Monday, April 2 by Macquarie Research.

Since February 15, 2018, it had 4 insider buys, and 1 sale for $223,807 activity. ZIEGLER ANN ELIZABETH also bought $49,984 worth of Hanesbrands Inc. (NYSE:HBI) on Friday, May 18. Hytinen Barry had bought 21,890 shares worth $382,418 on Thursday, May 17. SINGER DAVID V bought 31,230 shares worth $553,456. Evans Gerald bought $309,050 worth of stock.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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