As Qep Resources (QEP) Valuation Declined, Shareholder Thompson Rubinstein Investment Management Boosted Its Stake; As Delta Air Lines Del (DAL) Share Value Declined, Goldentree Asset Management LP Has Decreased Stake by $19.27 Million

November 14, 2017 - By Peter Erickson

Steven Tananbaum decreased its stake in Delta Air Lines Inc Del (DAL) by 53.23% based on its latest 2017Q2 regulatory filing with the SEC. Goldentree Asset Management Lp sold 363,617 shares as the company’s stock declined 5.91% while stock markets rallied. The hedge fund run by Steven Tananbaum held 319,528 shares of the transportation company at the end of 2017Q2, valued at $17.17M, down from 683,145 at the end of the previous reported quarter. Goldentree Asset Management Lp who had been investing in Delta Air Lines Inc Del for a number of months, seems to be less bullish one the $34.84 billion market cap company. It is 0.00% or $0 reaching $48.86 per share. It is down 11.83% since November 14, 2016 and is uptrending. It has underperformed by 4.87% the S&P500.

Thompson Rubinstein Investment Management Inc increased its stake in Qep Resources Inc (QEP) by 35.49% based on its latest 2017Q2 regulatory filing with the SEC. Thompson Rubinstein Investment Management Inc bought 66,176 shares as the company’s stock declined 33.02% while stock markets rallied. The institutional investor held 252,630 shares of the energy company at the end of 2017Q2, valued at $2.55M, up from 186,454 at the end of the previous reported quarter. Thompson Rubinstein Investment Management Inc who had been investing in Qep Resources Inc for a number of months, seems to be bullish on the $2.11B market cap company. The stock declined 3.20% or $0.29 reaching $8.76 on the news. About 5.75M shares traded or 4.93% up from the average. QEP Resources Inc (NYSE:QEP) has declined 34.57% since November 14, 2016 and is downtrending. It has underperformed by 51.27% the S&P500.

Among 22 analysts covering QEP Resources (NYSE:QEP), 12 have Buy rating, 0 Sell and 10 Hold. Therefore 55% are positive. QEP Resources had 48 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Mizuho given on Tuesday, March 21. BMO Capital Markets maintained the stock with “Buy” rating in Tuesday, October 10 report. As per Thursday, March 23, the company rating was initiated by UBS. The stock of QEP Resources Inc (NYSE:QEP) earned “Buy” rating by Drexel Hamilton on Wednesday, June 8. On Wednesday, September 27 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Equal-Weight” rating by Barclays Capital on Tuesday, November 7. The company was downgraded on Tuesday, July 18 by Deutsche Bank. The firm earned “Buy” rating on Wednesday, December 23 by Cantor Fitzgerald. The rating was upgraded by Deutsche Bank to “Buy” on Wednesday, December 9. As per Tuesday, April 12, the company rating was initiated by JP Morgan.

Investors sentiment increased to 1.3 in 2017 Q2. Its up 0.25, from 1.05 in 2017Q1. It is positive, as 35 investors sold QEP shares while 75 reduced holdings. 32 funds opened positions while 111 raised stakes. 221.16 million shares or 1.99% more from 216.85 million shares in 2017Q1 were reported. Asset Mngmt holds 16,922 shares. Moreover, Raymond James Financial Services Advisors Inc has 0.01% invested in QEP Resources Inc (NYSE:QEP). Schroder Investment Mngmt Gru reported 0.02% of its portfolio in QEP Resources Inc (NYSE:QEP). D E Shaw And Inc reported 7.85M shares stake. Paloma Prtn stated it has 179,817 shares. Citigroup Inc reported 0% in QEP Resources Inc (NYSE:QEP). The New York-based Amalgamated Bank & Trust has invested 0.01% in QEP Resources Inc (NYSE:QEP). Bluemountain Capital Mgmt Limited Liability Company accumulated 141,772 shares. Oregon Employees Retirement Fund has 0.02% invested in QEP Resources Inc (NYSE:QEP). Envestnet Asset Mgmt has invested 0% in QEP Resources Inc (NYSE:QEP). 60,000 were reported by Gamco Investors Et Al. Caymus Cap Ltd Partnership stated it has 9.19% in QEP Resources Inc (NYSE:QEP). Northwestern Mutual Wealth Mgmt stated it has 0% of its portfolio in QEP Resources Inc (NYSE:QEP). 1.75M were accumulated by Nomura Holdg Inc. 117,486 were reported by Mason Street Advisors Ltd Limited Liability Company.

More important recent QEP Resources Inc (NYSE:QEP) news were published by: Globenewswire.com which released: “QEP Resources Reports Third Quarter 2017 Financial and Operating Results” on October 25, 2017, also Globenewswire.com published article titled: “QEP Resources Issues Notice of Redemption for Its 6.8% Senior Notes Due 2018”, Nasdaq.com published: “Arnold Schneider Buys QEP Resources Inc, Adient PLC, Whiting Petroleum Corp …” on November 13, 2017. More interesting news about QEP Resources Inc (NYSE:QEP) was released by: Seekingalpha.com and their article: “WPX Energy upgraded, QEP Resources downgraded at Barclays” with publication date: November 07, 2017.

Analysts await Delta Air Lines, Inc. (NYSE:DAL) to report earnings on January, 11. They expect $1.03 EPS, up 25.61% or $0.21 from last year’s $0.82 per share. DAL’s profit will be $734.27 million for 11.85 P/E if the $1.03 EPS becomes a reality. After $1.57 actual EPS reported by Delta Air Lines, Inc. for the previous quarter, Wall Street now forecasts -34.39% negative EPS growth.

Among 20 analysts covering Delta Air Lines (NYSE:DAL), 20 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Delta Air Lines had 60 analyst reports since August 3, 2015 according to SRatingsIntel. Imperial Capital maintained the shares of DAL in report on Tuesday, July 11 with “Hold” rating. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Outperform” rating by Cowen & Co on Thursday, September 28. Imperial Capital initiated the shares of DAL in report on Wednesday, August 24 with “In-Line” rating. On Friday, July 15 the stock rating was downgraded by Evercore to “Hold”. The stock of Delta Air Lines, Inc. (NYSE:DAL) earned “Buy” rating by Deutsche Bank on Monday, December 5. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, May 29. The rating was maintained by Cowen & Co on Friday, December 18 with “Outperform”. The company was upgraded on Thursday, March 16 by Evercore. On Thursday, April 28 the stock rating was maintained by Morgan Stanley with “Overweight”. JP Morgan maintained Delta Air Lines, Inc. (NYSE:DAL) on Wednesday, November 1 with “Overweight” rating.

Since May 22, 2017, it had 0 insider purchases, and 2 selling transactions for $2.53 million activity. Shares for $1.21 million were sold by Bastian Edward H on Monday, May 22.

More notable recent Delta Air Lines, Inc. (NYSE:DAL) news were published by: Fool.com which released: “5 Things Delta Air Lines, Inc. Management Wants You to Know” on October 18, 2017, also Bloomberg.com with their article: “Delta Weighs Up to $12.7 Billion Order of Single-Aisle Jets” published on November 06, 2017, Seekingalpha.com published: “Delta Air Lines Will Fly” on November 06, 2017. More interesting news about Delta Air Lines, Inc. (NYSE:DAL) were released by: Nasdaq.com and their article: “Delta Air Lines’ (DAL) October Traffic & Load Factor Increase” published on November 03, 2017 as well as Nasdaq.com‘s news article titled: “Why Is Delta Air Lines (DAL) Down 7.9% Since the Last Earnings Report?” with publication date: November 13, 2017.

Goldentree Asset Management Lp, which manages about $22.00 billion and $440.58 million US Long portfolio, upped its stake in Huntsman Corp (NYSE:HUN) by 173,040 shares to 606,015 shares, valued at $15.66M in 2017Q2, according to the filing.

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