Southern Company (SO) Holding Lifted by Rockland Trust Co; As Stamps Com (STMP) Market Valuation Declined, Jericho Capital Asset Management LP Has Increased Stake

November 15, 2017 - By Dolores Ford

Josh Resnick increased its stake in Stamps Com Inc (STMP) by 23.22% based on its latest 2017Q2 regulatory filing with the SEC. Jericho Capital Asset Management Lp bought 138,448 shares as the company’s stock declined 8.10% while stock markets rallied. The hedge fund run by Josh Resnick held 734,751 shares of the business services company at the end of 2017Q2, valued at $113.80M, up from 596,303 at the end of the previous reported quarter. Jericho Capital Asset Management Lp who had been investing in Stamps Com Inc for a number of months, seems to be bullish on the $3.06 billion market cap company. The stock declined 1.74% or $3.05 reaching $172 on the news. About 2,273 shares traded. Stamps.com Inc. (NASDAQ:STMP) has risen 54.88% since November 15, 2016 and is uptrending. It has outperformed by 38.18% the S&P500.

Rockland Trust Co increased its stake in Southern Company (SO) by 3.33% based on its latest 2017Q2 regulatory filing with the SEC. Rockland Trust Co bought 11,486 shares as the company’s stock rose 4.35% with the market. The institutional investor held 356,170 shares of the central company at the end of 2017Q2, valued at $17.05 million, up from 344,684 at the end of the previous reported quarter. Rockland Trust Co who had been investing in Southern Company for a number of months, seems to be bullish on the $52.50B market cap company. The stock declined 0.31% or $0.16 reaching $52.15 on the news. About 26,904 shares traded. Southern Co (NYSE:SO) has risen 2.49% since November 15, 2016 and is uptrending. It has underperformed by 14.21% the S&P500.




Investors sentiment decreased to 1.16 in Q2 2017. Its down 0.01, from 1.17 in 2017Q1. It dropped, as 60 investors sold SO shares while 330 reduced holdings. 78 funds opened positions while 373 raised stakes. 520.53 million shares or 0.60% less from 523.66 million shares in 2017Q1 were reported. Cim Inv Mangement owns 11,202 shares. Hsbc Holdg Public Limited Liability has invested 0.1% in Southern Co (NYSE:SO). 46,845 were reported by Signaturefd Limited Liability Company. Randolph Company Inc accumulated 3.11% or 342,282 shares. Advsrs Asset Mngmt stated it has 0.4% of its portfolio in Southern Co (NYSE:SO). Fund Mngmt Sa holds 22,260 shares or 0.01% of its portfolio. Capstone Advsr Ltd Liability Company has invested 0.19% in Southern Co (NYSE:SO). Roberts Glore Il has 4,514 shares. Eastern Comml Bank has invested 0.02% in Southern Co (NYSE:SO). Zurcher Kantonalbank (Zurich Cantonalbank) invested 0.1% in Southern Co (NYSE:SO). Dubuque National Bank & Trust And Trust Co has 1,560 shares for 0.02% of their portfolio. The Missouri-based Duncker Streett Com has invested 0.21% in Southern Co (NYSE:SO). Captrust Fincl Advsr reported 17,839 shares. Ohio-based Capital Advisors Ltd Lc has invested 0% in Southern Co (NYSE:SO). Solutions Ltd Limited Liability Company, Michigan-based fund reported 150 shares.

Rockland Trust Co, which manages about $638.70M US Long portfolio, decreased its stake in Wal Mart Stores Inc (NYSE:WMT) by 13,129 shares to 155,078 shares, valued at $11.74 million in 2017Q2, according to the filing. It also reduced its holding in Principal Financial Group (NYSE:PFG) by 28,708 shares in the quarter, leaving it with 5,185 shares, and cut its stake in Home Depot Inc (NYSE:HD).

More notable recent Southern Co (NYSE:SO) news were published by: Investorplace.com which released: “Southern Co (SO) a Buy on Superior Sales Growth” on November 01, 2017, also Postandcourier.com with their article: “Buy a South Carolina power company? Southern Co. calls it ‘a long putt’ amid …” published on November 01, 2017, Nasdaq.com published: “Southern Co. Announces 8% Retreat In Q3 Bottom Line” on November 01, 2017. More interesting news about Southern Co (NYSE:SO) were released by: Gurufocus.com and their article: “Advisors Management Group Inc Buys Southern Co, iShares US Preferred Stock ETF …” published on November 07, 2017 as well as Streetinsider.com‘s news article titled: “Southern Co. (SO) Subsidiary PowerSecure Announces Contract with US Army Corps …” with publication date: October 20, 2017.

Since June 12, 2017, it had 0 buys, and 3 sales for $3.96 million activity. The insider Lantrip Mark sold 25,000 shares worth $1.29 million. The insider BEATTIE ART P sold $2.42M.

Among 18 analysts covering The Southern Company (NYSE:SO), 6 have Buy rating, 4 Sell and 8 Hold. Therefore 33% are positive. The Southern Company had 48 analyst reports since July 21, 2015 according to SRatingsIntel. The company was maintained on Wednesday, August 30 by Jefferies. Barclays Capital upgraded Southern Co (NYSE:SO) on Thursday, July 14 to “Overweight” rating. On Wednesday, June 28 the stock rating was maintained by RBC Capital Markets with “Hold”. Jefferies maintained Southern Co (NYSE:SO) rating on Thursday, April 13. Jefferies has “Buy” rating and $56 target. Morgan Stanley maintained it with “Underweight” rating and $50 target in Thursday, August 10 report. The firm earned “Hold” rating on Sunday, September 3 by RBC Capital Markets. Morgan Stanley maintained it with “Underweight” rating and $53 target in Monday, November 13 report. BMO Capital Markets maintained it with “Hold” rating and $5300 target in Wednesday, August 2 report. The firm has “Sell” rating by Citigroup given on Thursday, December 15. Jefferies maintained the stock with “Buy” rating in Tuesday, June 6 report.

Since May 24, 2017, it had 0 insider purchases, and 6 sales for $8.81 million activity. The insider Khechfe Amine sold 1,200 shares worth $165,420. Clem John Roland sold $888,480 worth of stock or 6,170 shares. The insider ANANDA MOHAN P sold $5.78 million. BORTNAK JAMES sold $526,553 worth of stock.

Investors sentiment increased to 1.01 in Q2 2017. Its up 0.02, from 0.99 in 2017Q1. It improved, as 43 investors sold STMP shares while 72 reduced holdings. 42 funds opened positions while 74 raised stakes. 17.77 million shares or 0.44% more from 17.69 million shares in 2017Q1 were reported. Whale Rock Cap Limited Liability has 1.52% invested in Stamps.com Inc. (NASDAQ:STMP). King Luther Cap Mgmt Corporation, a Texas-based fund reported 10,925 shares. Tekne Ltd Co invested in 6.79% or 202,875 shares. Timpani Cap Mngmt Ltd owns 0.75% invested in Stamps.com Inc. (NASDAQ:STMP) for 13,023 shares. 236,880 are held by Northern. Morgan Stanley holds 0% of its portfolio in Stamps.com Inc. (NASDAQ:STMP) for 66,201 shares. The Texas-based Dimensional Fund Advsr Ltd Partnership has invested 0.02% in Stamps.com Inc. (NASDAQ:STMP). Light Street Mngmt reported 3.99% of its portfolio in Stamps.com Inc. (NASDAQ:STMP). Alps has 0% invested in Stamps.com Inc. (NASDAQ:STMP) for 3,679 shares. Amalgamated Bankshares holds 2,211 shares or 0.01% of its portfolio. Portolan Capital Mngmt Limited Liability Corporation has 1.2% invested in Stamps.com Inc. (NASDAQ:STMP) for 60,530 shares. Eulav Asset Mgmt owns 28,800 shares. Hhr Asset Llc has 4.15% invested in Stamps.com Inc. (NASDAQ:STMP). Moreover, Fifth Third Bancorp has 0% invested in Stamps.com Inc. (NASDAQ:STMP) for 468 shares. Parallax Volatility Advisers Lp stated it has 737 shares or 0% of all its holdings.

Among 8 analysts covering Stamps.com (NASDAQ:STMP), 6 have Buy rating, 1 Sell and 1 Hold. Therefore 75% are positive. Stamps.com had 23 analyst reports since August 7, 2015 according to SRatingsIntel. Craig Hallum maintained Stamps.com Inc. (NASDAQ:STMP) rating on Thursday, August 3. Craig Hallum has “Buy” rating and $21000 target. The rating was downgraded by Sidoti on Monday, November 9 to “Neutral”. The firm has “Neutral” rating given on Friday, August 7 by B Riley. The firm earned “Buy” rating on Friday, November 6 by B. Riley & Co. Roth Capital maintained the stock with “Buy” rating in Friday, July 28 report. As per Tuesday, January 12, the company rating was upgraded by Sidoti. The firm has “Outperform” rating given on Friday, November 6 by Northland Capital. Singular Research maintained Stamps.com Inc. (NASDAQ:STMP) on Monday, November 9 with “Buy” rating. Roth Capital maintained Stamps.com Inc. (NASDAQ:STMP) on Monday, October 23 with “Buy” rating. The firm has “Sell” rating by Prescience Point given on Thursday, July 14.

Jericho Capital Asset Management Lp, which manages about $3.07B and $1.76 billion US Long portfolio, decreased its stake in Dish Network Corp (NASDAQ:DISH) by 183,000 shares to 566,762 shares, valued at $35.57M in 2017Q2, according to the filing. It also reduced its holding in Red Hat Inc (NYSE:RHT) by 76,000 shares in the quarter, leaving it with 997,017 shares, and cut its stake in Activision Blizzard Inc (NASDAQ:ATVI).

More notable recent Stamps.com Inc. (NASDAQ:STMP) news were published by: Seekingalpha.com which released: “Stamps.Com: Where Growth And Value Meet” on November 14, 2017, also Fool.com with their article: “Stamps.com Inc. Boosts Full-Year Profit Forecast” published on November 07, 2017, Barrons.com published: “Stamps.com Insider Stock Sales Bulk Up to $173M” on November 01, 2017. More interesting news about Stamps.com Inc. (NASDAQ:STMP) were released by: Benzinga.com and their article: “Jim Cramer Advises His Viewers On Oclaro, Alaska Air And Stamps.com” published on November 07, 2017 as well as Nasdaq.com‘s news article titled: “Stamps.com Inc. Bottom Line Climbs 77% In Q3” with publication date: November 02, 2017.

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