Southern Company (SO) Stake Maintained by Maryland Capital Management; As Syntel Com (SYNT) Share Price Declined, Intrepid Capital Management Has Trimmed Holding by $2.32 Million

February 23, 2018 - By Nellie Frank

Maryland Capital Management increased its stake in Southern Company (SO) by 14.36% based on its latest 2017Q3 regulatory filing with the SEC. Maryland Capital Management bought 7,056 shares as the company’s stock rose 4.35% with the market. The institutional investor held 56,194 shares of the central company at the end of 2017Q3, valued at $2.76 million, up from 49,138 at the end of the previous reported quarter. Maryland Capital Management who had been investing in Southern Company for a number of months, seems to be bullish on the $43.65B market cap company. The stock increased 0.65% or $0.28 during the last trading session, reaching $43.3. About 490,432 shares traded. The Southern Company (NYSE:SO) has risen 2.49% since February 23, 2017 and is uptrending. It has underperformed by 14.21% the S&P500.

Mark Travis decreased its stake in Syntel Inc Com (SYNT) by 9.28% based on its latest 2017Q3 regulatory filing with the SEC. Intrepid Capital Management Inc sold 122,200 shares as the company’s stock declined 0.75% while stock markets rallied. The hedge fund run by Mark Travis held 1.19 million shares of the technology company at the end of 2017Q3, valued at $23.46M, down from 1.32M at the end of the previous reported quarter. Intrepid Capital Management Inc who had been investing in Syntel Inc Com for a number of months, seems to be less bullish one the $2.20 billion market cap company. The stock decreased 0.15% or $0.04 during the last trading session, reaching $26.58. About 20,902 shares traded. Syntel, Inc. (NASDAQ:SYNT) has declined 32.64% since February 23, 2017 and is downtrending. It has underperformed by 49.34% the S&P500.




Maryland Capital Management, which manages about $795.96M and $648.98M US Long portfolio, decreased its stake in Global X Mlp Etf (MLPA) by 74,831 shares to 459,520 shares, valued at $4.73 million in 2017Q3, according to the filing. It also reduced its holding in Pultegroup Inc (NYSE:PHM) by 71,457 shares in the quarter, leaving it with 743,533 shares, and cut its stake in Pepsico Inc (NYSE:PEP).

Since October 10, 2017, it had 0 insider purchases, and 4 insider sales for $8.29 million activity. BEATTIE ART P sold $2.46M worth of The Southern Company (NYSE:SO) on Thursday, October 26. On Friday, October 20 the insider Kerr – II James Y sold $1.30M. BOWERS WILLIAM P also sold $4.26 million worth of The Southern Company (NYSE:SO) shares.

Among 20 analysts covering The Southern Company (NYSE:SO), 5 have Buy rating, 6 Sell and 9 Hold. Therefore 25% are positive. The Southern Company had 64 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, April 13, the company rating was maintained by Jefferies. KeyBanc Capital Markets maintained the shares of SO in report on Wednesday, October 18 with “Hold” rating. The firm has “Buy” rating given on Tuesday, September 12 by Jefferies. The firm has “Buy” rating by Jefferies given on Friday, March 3. The firm has “Hold” rating given on Wednesday, June 28 by RBC Capital Markets. Goldman Sachs maintained it with “Neutral” rating and $54 target in Thursday, July 14 report. Credit Suisse initiated The Southern Company (NYSE:SO) on Wednesday, January 25 with “Underperform” rating. The rating was upgraded by Deutsche Bank on Tuesday, August 1 to “Buy”. The firm earned “Neutral” rating on Tuesday, January 23 by Mizuho. SunTrust maintained The Southern Company (NYSE:SO) on Tuesday, January 16 with “Hold” rating.

Investors sentiment decreased to 1 in 2017 Q3. Its down 0.16, from 1.16 in 2017Q2. It dropped, as 51 investors sold SO shares while 353 reduced holdings. 76 funds opened positions while 330 raised stakes. 525.28 million shares or 0.91% more from 520.53 million shares in 2017Q2 were reported. 115,056 are owned by Tctc Limited Liability Company. Cibc Asset Management accumulated 0.05% or 157,571 shares. Visionary Asset Mngmt, Texas-based fund reported 51,675 shares. Trustco Retail Bank N Y owns 1.13% invested in The Southern Company (NYSE:SO) for 23,794 shares. Thompson Invest Management holds 4,241 shares or 0.04% of its portfolio. 4,679 are held by Affinity Wealth. Utah Retirement Systems has invested 0.2% in The Southern Company (NYSE:SO). Schwab Charles Inv Mgmt has invested 0.15% of its portfolio in The Southern Company (NYSE:SO). Kcm Inv Advisors holds 0.08% in The Southern Company (NYSE:SO) or 26,541 shares. Cim Invest Mangement Incorporated holds 0.19% or 10,608 shares. Livforsakringsbolaget Skandia Omsesidigt has invested 0.14% in The Southern Company (NYSE:SO). Nj State Employees Deferred Compensation Plan, a New Jersey-based fund reported 17,000 shares. Loring Wolcott Coolidge Fiduciary Advisors Ltd Liability Partnership Ma holds 0% or 4,500 shares. Oakworth Cap Inc holds 0.51% or 41,515 shares. First National Trust Com reported 81,039 shares.

Since August 29, 2017, it had 0 buys, and 9 selling transactions for $1.44 million activity. Garg Sanjay also sold $15,877 worth of Syntel, Inc. (NASDAQ:SYNT) shares. 649 shares were sold by Andradi Ben, worth $15,576 on Friday, October 20. Another trade for 50,000 shares valued at $1.36 million was made by Ranade Prashant on Wednesday, February 21. $1,553 worth of stock was sold by Gangidi Narendar Reddy on Friday, December 15.

Analysts await Syntel, Inc. (NASDAQ:SYNT) to report earnings on April, 19. They expect $0.45 EPS, down 2.17% or $0.01 from last year’s $0.46 per share. SYNT’s profit will be $37.28 million for 14.77 P/E if the $0.45 EPS becomes a reality. After $0.62 actual EPS reported by Syntel, Inc. for the previous quarter, Wall Street now forecasts -27.42% negative EPS growth.

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