Mig Capital Has Lowered Its Netflix (NFLX) Stake by $4.96 Million as Shares Rose; As Consol Energy (CNX) Valuation Declined, Raffles Associates LP Raised by $720,000 Its Stake

January 16, 2018 - By Neil V. Hobbs

Raffles Associates Lp increased its stake in Consol Energy Inc (CNX) by 16.67% based on its latest 2017Q3 regulatory filing with the SEC. Raffles Associates Lp bought 45,000 shares as the company’s stock declined 5.08% while stock markets rallied. The hedge fund held 315,000 shares of the coal mining company at the end of 2017Q3, valued at $5.34M, up from 270,000 at the end of the previous reported quarter. Raffles Associates Lp who had been investing in Consol Energy Inc for a number of months, seems to be bullish on the $3.41B market cap company. The stock increased 1.00% or $0.15 during the last trading session, reaching $15.19. About 2.12 million shares traded. CNX Resources Corporation (NYSE:CNX) has risen 22.10% since January 16, 2017 and is uptrending. It has outperformed by 5.40% the S&P500.

Mig Capital Llc decreased its stake in Netflix Inc (NFLX) by 10.23% based on its latest 2017Q3 regulatory filing with the SEC. Mig Capital Llc sold 27,411 shares as the company’s stock rose 10.41% with the market. The hedge fund held 240,532 shares of the consumer services company at the end of 2017Q3, valued at $43.62M, down from 267,943 at the end of the previous reported quarter. Mig Capital Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $95.73 billion market cap company. The stock increased 1.84% or $3.99 during the last trading session, reaching $221.23. About 8.20M shares traded or 25.18% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since January 16, 2017 and is uptrending. It has outperformed by 58.64% the S&P500.

Among 17 analysts covering Consol Energy Inc. (NYSE:CNX), 9 have Buy rating, 0 Sell and 8 Hold. Therefore 53% are positive. Consol Energy Inc. had 54 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, August 4 by Deutsche Bank. SunTrust downgraded CNX Resources Corporation (NYSE:CNX) on Monday, January 30 to “Hold” rating. On Monday, October 5 the stock rating was upgraded by Deutsche Bank to “Hold”. Robert W. Baird initiated it with “Outperform” rating and $22 target in Tuesday, December 19 report. The stock has “Outperform” rating by FBR Capital on Friday, July 31. The firm earned “Buy” rating on Friday, August 14 by Jefferies. The stock of CNX Resources Corporation (NYSE:CNX) has “Buy” rating given on Thursday, September 24 by Goldman Sachs. The rating was maintained by Jefferies on Wednesday, July 27 with “Buy”. Jefferies maintained the stock with “Buy” rating in Monday, August 28 report. Barclays Capital maintained CNX Resources Corporation (NYSE:CNX) rating on Wednesday, July 13. Barclays Capital has “Equalweight” rating and $14 target.

Investors sentiment increased to 1.4 in 2017 Q3. Its up 0.45, from 0.95 in 2017Q2. It improved, as 32 investors sold CNX shares while 59 reduced holdings. 35 funds opened positions while 92 raised stakes. 211.81 million shares or 4.96% less from 222.88 million shares in 2017Q2 were reported. Glenmede Trust Co Na has 0% invested in CNX Resources Corporation (NYSE:CNX). Old Mutual Customised Solutions (Proprietary) Limited accumulated 7,100 shares or 0.02% of the stock. Advantus reported 0.01% of its portfolio in CNX Resources Corporation (NYSE:CNX). Group Incorporated invested 0.03% of its portfolio in CNX Resources Corporation (NYSE:CNX). Cornerstone Advsrs accumulated 0% or 131 shares. Pinebridge Invests LP reported 486,478 shares. Advisor Prns Ltd Liability has invested 0.06% in CNX Resources Corporation (NYSE:CNX). 2.25 million were accumulated by Balyasny Asset Mgmt Lc. Us Bancshares De has invested 0% in CNX Resources Corporation (NYSE:CNX). Ny State Teachers Retirement Sys reported 307,402 shares. Prelude Cap Mgmt Lc stated it has 4,575 shares. Meeder Asset Mgmt owns 67 shares. The North Carolina-based Sterling Capital Mngmt Limited Liability Company has invested 0.01% in CNX Resources Corporation (NYSE:CNX). Jennison Ltd Com holds 942,424 shares. Moreover, Clearbridge Ltd Llc has 0.94% invested in CNX Resources Corporation (NYSE:CNX) for 2.57M shares.

Among 55 analysts covering Netflix (NASDAQ:NFLX), 39 have Buy rating, 2 Sell and 14 Hold. Therefore 71% are positive. Netflix had 206 analyst reports since August 4, 2015 according to SRatingsIntel. The stock has “Hold” rating by Jefferies on Wednesday, March 15. The firm has “Neutral” rating given on Monday, April 18 by Credit Suisse. On Wednesday, January 20 the stock rating was maintained by JP Morgan with “Overweight”. Goldman Sachs maintained it with “Neutral” rating and $140 target in Tuesday, October 18 report. The firm has “Buy” rating given on Monday, October 9 by Canaccord Genuity. The company was maintained on Tuesday, September 1 by Bank of America. The rating was maintained by Morgan Stanley on Thursday, January 12 with “Overweight”. The firm has “Buy” rating by RBC Capital Markets given on Sunday, September 17. The firm earned “Buy” rating on Tuesday, January 17 by Mizuho. Pivotal Research maintained it with “Buy” rating and $170 target in Thursday, January 19 report.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 22 after the close. They expect $0.42 EPS, up 180.00% or $0.27 from last year’s $0.15 per share. NFLX’s profit will be $181.75 million for 131.68 P/E if the $0.42 EPS becomes a reality. After $0.29 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 44.83% EPS growth.

Since August 8, 2017, it had 0 insider purchases, and 24 insider sales for $64.95 million activity. WELLS DAVID B sold $191,200 worth of Netflix, Inc. (NASDAQ:NFLX) on Monday, December 18. BARTON RICHARD N had sold 700 shares worth $132,164. FRIEDLAND JONATHAN sold 2,011 shares worth $437,545. 63,378 Netflix, Inc. (NASDAQ:NFLX) shares with value of $12.61M were sold by HYMAN DAVID A. KILGORE LESLIE J sold 847 shares worth $175,329.

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