Buckeye Partners LP (BPL) Shareholder Cohen Capital Management Has Increased Position; Greenlight Capital Has Increased Tempur Sealy Intl (TPX) Stake

February 24, 2018 - By Vivian Currie

Cohen Capital Management Inc increased its stake in Buckeye Partners Lp (BPL) by 10.49% based on its latest 2017Q3 regulatory filing with the SEC. Cohen Capital Management Inc bought 9,800 shares as the company’s stock declined 5.01% while stock markets rallied. The institutional investor held 103,184 shares of the natural gas distribution company at the end of 2017Q3, valued at $5.88 million, up from 93,384 at the end of the previous reported quarter. Cohen Capital Management Inc who had been investing in Buckeye Partners Lp for a number of months, seems to be bullish on the $6.90 billion market cap company. The stock increased 1.88% or $0.87 during the last trading session, reaching $47.04. About 938,296 shares traded or 15.12% up from the average. Buckeye Partners, L.P. (NYSE:BPL) has declined 5.99% since February 24, 2017 and is downtrending. It has underperformed by 22.69% the S&P500.

David Einhorn increased its stake in Tempur Sealy Intl Inc (TPX) by 900% based on its latest 2017Q3 regulatory filing with the SEC. Greenlight Capital Inc bought 3.60 million shares as the company’s stock declined 4.86% while stock markets rallied. The hedge fund run by David Einhorn held 4.00M shares of the consumer durables company at the end of 2017Q3, valued at $258.08M, up from 400,000 at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Tempur Sealy Intl Inc for a number of months, seems to be bullish on the $2.78B market cap company. The stock increased 2.35% or $1.18 during the last trading session, reaching $51.31. About 1.57M shares traded or 69.95% up from the average. Tempur Sealy International, Inc. (NYSE:TPX) has declined 19.79% since February 24, 2017 and is downtrending. It has underperformed by 36.49% the S&P500.

Among 16 analysts covering Buckeye Partners (NYSE:BPL), 6 have Buy rating, 1 Sell and 9 Hold. Therefore 38% are positive. Buckeye Partners had 50 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Sunday, August 6. The stock has “Buy” rating by Goldman Sachs on Monday, September 19. DA Davidson upgraded Buckeye Partners, L.P. (NYSE:BPL) on Monday, December 14 to “Buy” rating. Stifel Nicolaus maintained it with “Buy” rating and $68 target in Wednesday, March 2 report. On Monday, February 12 the stock rating was maintained by Guggenheim with “Hold”. Stifel Nicolaus maintained the shares of BPL in report on Wednesday, October 26 with “Buy” rating. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, October 15 report. The stock has “Overweight” rating by Morgan Stanley on Thursday, February 25. The stock has “Hold” rating by RBC Capital Markets on Wednesday, February 14. JP Morgan maintained it with “Neutral” rating and $76 target in Tuesday, March 15 report.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.03, from 0.97 in 2017Q2. It increased, as 39 investors sold BPL shares while 93 reduced holdings. 29 funds opened positions while 103 raised stakes. 96.89 million shares or 5.45% more from 91.89 million shares in 2017Q2 were reported. Freestone Capital Hldgs Ltd invested 0.36% in Buckeye Partners, L.P. (NYSE:BPL). Moreover, Silvercrest Asset Grp Ltd has 0.11% invested in Buckeye Partners, L.P. (NYSE:BPL). Oakworth Capital accumulated 1,528 shares. Qci Asset Mgmt invested 0% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Miller Howard Ny reported 0.62% in Buckeye Partners, L.P. (NYSE:BPL). Cadence Management Ltd Llc reported 147,669 shares. Mcf Advisors Limited Liability stated it has 2,566 shares or 0.03% of all its holdings. Evergreen Capital Mngmt Limited Liability Corp invested in 202,000 shares. Cbre Clarion Securities Llc stated it has 109,339 shares. Armstrong Henry H Associates stated it has 0.05% of its portfolio in Buckeye Partners, L.P. (NYSE:BPL). Moreover, Washington Tru National Bank has 0% invested in Buckeye Partners, L.P. (NYSE:BPL). Center Coast Advsr Limited Partnership owns 3.48M shares. Goldman Sachs Grp Incorporated reported 0.07% stake. 21,610 are owned by M&T National Bank. Bollard Grp Ltd Llc holds 58,981 shares.

Cohen Capital Management Inc, which manages about $494.02 million and $412.70 million US Long portfolio, decreased its stake in Gaslog Ltd. (NYSE:GLOG) by 29,452 shares to 337,208 shares, valued at $5.88M in 2017Q3, according to the filing.

Greenlight Capital Inc, which manages about $11.41 billion and $5.86B US Long portfolio, decreased its stake in General Mtrs Co (Call) (NYSE:GM) by 52.76 million shares to 2.00M shares, valued at $80.76 million in 2017Q3, according to the filing. It also reduced its holding in General Mtrs Co (NYSE:GM) by 20.19 million shares in the quarter, leaving it with 34.56M shares, and cut its stake in Rite Aid Corp (NYSE:RAD).

Since December 19, 2017, it had 0 buys, and 1 insider sale for $1.58 million activity.

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