Talara Capital Management Raised Its Position in Qep Res (QEP) by $6.54 Million as Market Value Declined; Microsoft (Msft) (MSFT) Holder Augustine Asset Management Has Cut Holding

January 14, 2018 - By Linda Rogers

Augustine Asset Management Inc decreased its stake in Microsoft Corp (Msft) (MSFT) by 12.8% based on its latest 2017Q3 regulatory filing with the SEC. Augustine Asset Management Inc sold 15,829 shares as the company’s stock rose 4.75% with the market. The institutional investor held 107,837 shares of the prepackaged software company at the end of 2017Q3, valued at $8.03M, down from 123,666 at the end of the previous reported quarter. Augustine Asset Management Inc who had been investing in Microsoft Corp (Msft) for a number of months, seems to be less bullish one the $691.23B market cap company. The stock increased 1.73% or $1.52 during the last trading session, reaching $89.6. About 24.27 million shares traded or 8.63% up from the average. Microsoft Corporation (NASDAQ:MSFT) has risen 34.52% since January 14, 2017 and is uptrending. It has outperformed by 17.82% the S&P500.

David Zusman increased its stake in Qep Res Inc (QEP) by 48.6% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc bought 817,669 shares as the company’s stock declined 33.02% while stock markets rallied. The hedge fund run by David Zusman held 2.50M shares of the energy company at the end of 2017Q3, valued at $21.43 million, up from 1.68M at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.67B market cap company. The stock increased 1.00% or $0.11 during the last trading session, reaching $11.09. About 4.87 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since January 14, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Investors sentiment increased to 0.83 in Q3 2017. Its up 0.01, from 0.82 in 2017Q2. It improved, as 40 investors sold MSFT shares while 952 reduced holdings. 114 funds opened positions while 708 raised stakes. 5.51 billion shares or 0.32% less from 5.53 billion shares in 2017Q2 were reported. Laurel Grove Ltd, a California-based fund reported 13,940 shares. Beck Capital Mngmt Lc reported 62,131 shares. Diamond Hill Cap Incorporated reported 2.17% stake. Crystal Rock Capital Mngmt has 1.16% invested in Microsoft Corporation (NASDAQ:MSFT). Ifrah Financial accumulated 0.49% or 17,393 shares. Richard Bernstein Ltd Liability Corp has invested 1.36% in Microsoft Corporation (NASDAQ:MSFT). Shoker Investment Counsel Incorporated has invested 0.65% in Microsoft Corporation (NASDAQ:MSFT). Pictet Comml Bank And Trust Limited holds 0.64% of its portfolio in Microsoft Corporation (NASDAQ:MSFT) for 28,665 shares. Covington Invest Advisors reported 2.09% of its portfolio in Microsoft Corporation (NASDAQ:MSFT). Seizert Cap Prns Ltd Liability holds 500,618 shares. Bollard Gru Lc owns 252,701 shares or 0.99% of their US portfolio. Stevens First Principles Invest Advsrs has 1,755 shares for 0.07% of their portfolio. 20,137 are held by Montgomery Invest Mngmt. Donaldson Cap Management Ltd Com reported 448,432 shares. Weatherstone Cap Mngmt invested in 3,309 shares.

Analysts await Microsoft Corporation (NASDAQ:MSFT) to report earnings on January, 25. They expect $0.86 earnings per share, up 3.61% or $0.03 from last year’s $0.83 per share. MSFT’s profit will be $6.63B for 26.05 P/E if the $0.86 EPS becomes a reality. After $0.84 actual earnings per share reported by Microsoft Corporation for the previous quarter, Wall Street now forecasts 2.38% EPS growth.

Augustine Asset Management Inc, which manages about $270.82M and $156.53M US Long portfolio, upped its stake in Hsbc Holdings (Hsbc) (NYSE:HSBC) by 11,375 shares to 88,690 shares, valued at $4.38 million in 2017Q3, according to the filing.

Among 35 analysts covering Microsoft Corporation (NASDAQ:MSFT), 29 have Buy rating, 2 Sell and 4 Hold. Therefore 83% are positive. Microsoft Corporation had 142 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Tigress Financial given on Monday, January 23. The rating was maintained by BMO Capital Markets on Wednesday, July 20 with “Outperform”. The firm has “Buy” rating given on Thursday, September 3 by FBR Capital. Stifel Nicolaus maintained the stock with “Buy” rating in Monday, August 21 report. The stock of Microsoft Corporation (NASDAQ:MSFT) earned “Market Perform” rating by William Blair on Tuesday, July 19. The firm earned “Buy” rating on Tuesday, December 12 by Bernstein. As per Tuesday, November 10, the company rating was maintained by Piper Jaffray. The stock of Microsoft Corporation (NASDAQ:MSFT) has “Hold” rating given on Wednesday, September 13 by Canaccord Genuity. As per Wednesday, August 23, the company rating was maintained by BMO Capital Markets. Goldman Sachs maintained Microsoft Corporation (NASDAQ:MSFT) rating on Tuesday, July 18. Goldman Sachs has “Buy” rating and $8800 target.

Since August 4, 2017, it had 0 insider buys, and 3 selling transactions for $513.86 million activity. 7.00 million Microsoft Corporation (NASDAQ:MSFT) shares with value of $507.89M were sold by Morfit G Mason. Hood Amy had sold 55,000 shares worth $4.00 million on Tuesday, August 29.

Among 23 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. QEP Resources had 54 analyst reports since August 7, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Thursday, October 19 by Piper Jaffray. Raymond James upgraded the shares of QEP in report on Friday, April 29 to “Strong Buy” rating. The stock has “Buy” rating by Zacks on Monday, August 10. Mizuho upgraded QEP Resources, Inc. (NYSE:QEP) on Tuesday, November 21 to “Buy” rating. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, July 18 report. The firm has “Sell” rating by Credit Suisse given on Monday, December 11. Barclays Capital downgraded the shares of QEP in report on Tuesday, November 7 to “Equal-Weight” rating. The stock has “Buy” rating by BMO Capital Markets on Tuesday, November 14. The company was upgraded on Tuesday, January 3 by FBR Capital. The rating was initiated by UBS with “Neutral” on Thursday, March 23.

Talara Capital Management Llc, which manages about $249.36 million and $192.43M US Long portfolio, decreased its stake in Eqt Corp (NYSE:EQT) by 223,735 shares to 182,401 shares, valued at $11.90M in 2017Q3, according to the filing. It also reduced its holding in Plains Gp Hldgs LP by 422,177 shares in the quarter, leaving it with 816,530 shares, and cut its stake in Range Res Corp (NYSE:RRC).

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