As Primerica (PRI) Market Valuation Declined, Shareholder Brave Warrior Advisors Has Cut Position by $8.85 Million; As Jones Energy (JONE) Market Value Declined, Fir Tree Boosted Its Stake by $1.16 Million

April 20, 2018 - By Neil V. Hobbs

Primerica, Inc. (NYSE:PRI) Logo

Jeffrey Tannenbaum increased its stake in Jones Energy Inc (JONE) by 23.26% based on its latest 2017Q4 regulatory filing with the SEC. Fir Tree Inc bought 1.16M shares as the company’s stock declined 6.11% with the market. The hedge fund run by Jeffrey Tannenbaum held 6.14M shares of the energy company at the end of 2017Q4, valued at $6.76M, up from 4.98 million at the end of the previous reported quarter. Fir Tree Inc who had been investing in Jones Energy Inc for a number of months, seems to be bullish on the $70.92M market cap company. The stock decreased 1.75% or $0.0124 during the last trading session, reaching $0.6976. About 642,812 shares traded. Jones Energy, Inc. (NYSE:JONE) has declined 62.44% since April 20, 2017 and is downtrending. It has underperformed by 73.99% the S&P500.

Glenn Greenberg decreased its stake in Primerica Inc (PRI) by 5.9% based on its latest 2017Q4 regulatory filing with the SEC. Brave Warrior Advisors Llc sold 87,628 shares as the company’s stock declined 5.08% with the market. The hedge fund run by Glenn Greenberg held 1.40 million shares of the finance company at the end of 2017Q4, valued at $141.92M, down from 1.49 million at the end of the previous reported quarter. Brave Warrior Advisors Llc who had been investing in Primerica Inc for a number of months, seems to be less bullish one the $4.30B market cap company. The stock increased 1.51% or $1.45 during the last trading session, reaching $97.6. About 365,623 shares traded or 64.81% up from the average. Primerica, Inc. (NYSE:PRI) has risen 22.61% since April 20, 2017 and is uptrending. It has outperformed by 11.06% the S&P500.

Among 14 analysts covering Jones Energy Inc (NYSE:JONE), 5 have Buy rating, 3 Sell and 6 Hold. Therefore 36% are positive. Jones Energy Inc had 35 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, January 2 by SunTrust. The stock of Jones Energy, Inc. (NYSE:JONE) has “Buy” rating given on Tuesday, January 17 by Suntrust Robinson. The firm has “Equal-Weight” rating by Stephens given on Wednesday, November 8. Seaport Global initiated Jones Energy, Inc. (NYSE:JONE) on Tuesday, August 30 with “Accumulate” rating. Seaport Global downgraded the shares of JONE in report on Wednesday, March 30 to “Sell” rating. On Wednesday, April 27 the stock rating was upgraded by Imperial Capital to “Outperform”. J.P. Morgan downgraded the stock to “Hold” rating in Thursday, July 20 report. Imperial Capital downgraded the shares of JONE in report on Tuesday, February 23 to “In-Line” rating. The company was maintained on Monday, August 22 by Imperial Capital. IBERIA Capital upgraded the stock to “Outperform” rating in Tuesday, May 24 report.

Investors sentiment increased to 1.41 in 2017 Q4. Its up 0.30, from 1.11 in 2017Q3. It improved, as 17 investors sold JONE shares while 12 reduced holdings. 13 funds opened positions while 28 raised stakes. 58.00 million shares or 2.73% more from 56.45 million shares in 2017Q3 were reported. State Street owns 1.09M shares. 118,783 were reported by Dimensional Fund Advsr L P. Cambrian Cap Partnership has invested 0.87% in Jones Energy, Inc. (NYSE:JONE). Vanguard reported 0% of its portfolio in Jones Energy, Inc. (NYSE:JONE). Raymond James Assocs owns 0% invested in Jones Energy, Inc. (NYSE:JONE) for 13,495 shares. Goodman Financial stated it has 0.96% in Jones Energy, Inc. (NYSE:JONE). California Pub Employees Retirement System stated it has 790,881 shares or 0% of all its holdings. 1.61M were reported by Deutsche Bank Ag. Sg Americas Secs Ltd Liability Co holds 13,232 shares or 0% of its portfolio. Bridgeway Mngmt Inc holds 268,369 shares or 0% of its portfolio. Rhumbline Advisers owns 0% invested in Jones Energy, Inc. (NYSE:JONE) for 43,141 shares. Cubist Systematic Strategies Llc invested 0% of its portfolio in Jones Energy, Inc. (NYSE:JONE). Balyasny Asset Mngmt Ltd Liability Corp has invested 0% in Jones Energy, Inc. (NYSE:JONE). 2.40M were accumulated by Brookfield Asset Management. Citigroup Inc accumulated 10,655 shares.

Since October 17, 2017, it had 0 insider buys, and 4 selling transactions for $327,168 activity.

Fir Tree Inc, which manages about $18.45B and $3.71 billion US Long portfolio, decreased its stake in Sm Energy Co (NYSE:SM) by 694,841 shares to 4.00M shares, valued at $88.42M in 2017Q4, according to the filing. It also reduced its holding in Ep Energy Corp (NYSE:EPE) by 313,266 shares in the quarter, leaving it with 2.14 million shares, and cut its stake in Halcon Res Corp.

Since February 15, 2018, it had 0 insider buys, and 7 selling transactions for $1.92 million activity. Another trade for 3,000 shares valued at $295,997 was sold by Williams Glenn J.. Another trade for 991 shares valued at $100,064 was made by Schneider Peter W. on Monday, February 26. $96,138 worth of Primerica, Inc. (NYSE:PRI) was sold by MCCULLOUGH ROBERT F.

Among 8 analysts covering Primerica Inc. (NYSE:PRI), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Primerica Inc. had 21 analyst reports since August 17, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Monday, September 11. Keefe Bruyette & Woods maintained Primerica, Inc. (NYSE:PRI) on Friday, November 10 with “Hold” rating. As per Monday, May 15, the company rating was maintained by Wood. The firm has “Market Perform” rating given on Monday, April 24 by William Blair. The rating was downgraded by Raymond James on Tuesday, October 20 to “Outperform”. SunTrust downgraded the stock to “Hold” rating in Thursday, October 19 report. Citigroup initiated Primerica, Inc. (NYSE:PRI) on Thursday, January 26 with “Neutral” rating. The firm earned “Market Perform” rating on Wednesday, July 13 by Wood. The rating was initiated by Wells Fargo on Friday, September 23 with “Market Perform”. Keefe Bruyette & Woods reinitiated the shares of PRI in report on Wednesday, September 9 with “Outperform” rating.

Investors sentiment decreased to 0.97 in Q4 2017. Its down 0.04, from 1.01 in 2017Q3. It is negative, as 20 investors sold PRI shares while 92 reduced holdings. 43 funds opened positions while 66 raised stakes. 41.09 million shares or 5.30% less from 43.39 million shares in 2017Q3 were reported. Logan Mngmt has invested 0.43% in Primerica, Inc. (NYSE:PRI). Dana Inv invested in 0.13% or 29,332 shares. Shell Asset Mngmt Com reported 0.04% of its portfolio in Primerica, Inc. (NYSE:PRI). Rhumbline Advisers stated it has 0.02% in Primerica, Inc. (NYSE:PRI). Cubist Systematic Strategies Limited Liability Co holds 0.04% of its portfolio in Primerica, Inc. (NYSE:PRI) for 7,101 shares. Brave Warrior Advisors Llc has invested 6.05% of its portfolio in Primerica, Inc. (NYSE:PRI). Public Employees Retirement System Of Ohio holds 3,488 shares. Citadel Advsr Llc reported 22,816 shares or 0% of all its holdings. Walleye Trading Ltd reported 0% of its portfolio in Primerica, Inc. (NYSE:PRI). Louisiana State Employees Retirement Systems reported 11,200 shares. Gemmer Asset Mngmt Limited Liability Corporation invested 0% in Primerica, Inc. (NYSE:PRI). Quantbot Technologies LP reported 407 shares. Kayne Anderson Rudnick Inv Management holds 3.62M shares or 2.98% of its portfolio. Tower Rech Limited Liability Corp (Trc) has 2,545 shares for 0.03% of their portfolio. Clark Mgmt Gru Incorporated owns 177,156 shares for 0.55% of their portfolio.

Primerica, Inc. (NYSE:PRI) Institutional Positions Chart

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