Eminence Capital LP Stake in Wendys Co (WEN) Increased by $19.32 Million; Carmignac Gestion Has Trimmed Its Noble Energy (Prn) (Put) (NBL) Holding as Share Value Declined

February 17, 2018 - By Stephen Andrade

Ricky Sandler increased its stake in Wendys Co (WEN) by 16.91% based on its latest 2017Q3 regulatory filing with the SEC. Eminence Capital Lp bought 1.29M shares as the company’s stock rose 13.38% with the market. The hedge fund run by Ricky Sandler held 8.90 million shares of the restaurants company at the end of 2017Q3, valued at $138.28 million, up from 7.62 million at the end of the previous reported quarter. Eminence Capital Lp who had been investing in Wendys Co for a number of months, seems to be bullish on the $3.97 billion market cap company. The stock increased 4.39% or $0.69 during the last trading session, reaching $16.39. About 9.95M shares traded or 161.19% up from the average. The Wendy's Company (NASDAQ:WEN) has risen 56.90% since February 17, 2017 and is uptrending. It has outperformed by 40.20% the S&P500.

Carmignac Gestion decreased its stake in Noble Energy Inc (Prn) (Put) (NBL) by 97.45% based on its latest 2017Q3 regulatory filing with the SEC. Carmignac Gestion sold 11.45M shares as the company’s stock declined 15.68% while stock markets rallied. The institutional investor held 300,000 shares of the oil & gas production company at the end of 2017Q3, valued at $8.51 million, down from 11.75 million at the end of the previous reported quarter. Carmignac Gestion who had been investing in Noble Energy Inc (Prn) (Put) for a number of months, seems to be less bullish one the $12.70B market cap company. The stock decreased 0.34% or $0.09 during the last trading session, reaching $26.28. About 6.18M shares traded or 25.25% up from the average. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since February 17, 2017 and is downtrending. It has underperformed by 27.06% the S&P500.

Since October 3, 2017, it had 0 insider purchases, and 1 insider sale for $54,736 activity.

Investors sentiment decreased to 0.79 in Q3 2017. Its down 0.25, from 1.04 in 2017Q2. It turned negative, as 23 investors sold WEN shares while 95 reduced holdings. 30 funds opened positions while 63 raised stakes. 181.38 million shares or 0.51% less from 182.30 million shares in 2017Q2 were reported. Citigroup Incorporated invested in 193,819 shares. Public Employees Retirement Sys Of Ohio holds 76,813 shares or 0.01% of its portfolio. Credit Suisse Ag holds 240,690 shares. Sg Americas Ltd Llc owns 25,578 shares. California Employees Retirement Systems, California-based fund reported 561,588 shares. Cubist Systematic Strategies Llc reported 113,371 shares or 0.1% of all its holdings. Panagora Asset Mngmt Inc owns 18,883 shares or 0% of their US portfolio. Melvin Cap Mgmt Lp has 0.37% invested in The Wendy's Company (NASDAQ:WEN). Dimensional Fund Advsrs LP has 0.05% invested in The Wendy's Company (NASDAQ:WEN). New York-based Gamco Invsts Et Al has invested 0.01% in The Wendy's Company (NASDAQ:WEN). 46,976 are held by Bluemountain Capital Mgmt Lc. Amalgamated National Bank & Trust reported 36,705 shares or 0.02% of all its holdings. Engineers Gate Manager Limited Partnership owns 238,543 shares for 0.31% of their portfolio. Mason Street Limited Liability Corporation owns 90,627 shares for 0.03% of their portfolio. Robeco Institutional Asset Management Bv reported 0.02% in The Wendy's Company (NASDAQ:WEN).

Among 20 analysts covering Wendy’s (NASDAQ:WEN), 11 have Buy rating, 2 Sell and 7 Hold. Therefore 55% are positive. Wendy’s had 45 analyst reports since August 6, 2015 according to SRatingsIntel. RBC Capital Markets maintained The Wendy's Company (NASDAQ:WEN) on Monday, November 6 with “Hold” rating. The firm has “Neutral” rating given on Tuesday, November 29 by Goldman Sachs. RBC Capital Markets maintained it with “Hold” rating and $1600 target in Thursday, June 22 report. The firm earned “Buy” rating on Friday, November 25 by Argus Research. The company was initiated on Friday, March 18 by Longbow. The company was maintained on Thursday, August 10 by RBC Capital Markets. Credit Suisse maintained The Wendy's Company (NASDAQ:WEN) on Thursday, November 9 with “Neutral” rating. The firm has “Outperform” rating by RBC Capital Markets given on Monday, November 2. As per Wednesday, August 9, the company rating was maintained by BMO Capital Markets. The firm earned “Hold” rating on Thursday, December 21 by RBC Capital Markets.

Eminence Capital Lp, which manages about $10.55 billion and $6.18B US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 170,732 shares to 691,778 shares, valued at $137.98M in 2017Q3, according to the filing. It also reduced its holding in Imperva Inc (NYSE:IMPV) by 372,690 shares in the quarter, leaving it with 2.90M shares, and cut its stake in Asbury Automotive Group Inc (NYSE:ABG).

Since December 11, 2017, it had 1 buying transaction, and 3 insider sales for $5.33 million activity. 19,000 Noble Energy, Inc. (NYSE:NBL) shares with value of $499,835 were bought by STOVER DAVID L. Shares for $210,815 were sold by Fisher Kenneth M..

Carmignac Gestion, which manages about $13.01B US Long portfolio, upped its stake in Allegheny Technologies Inc (NYSE:ATI) by 113,000 shares to 430,000 shares, valued at $10.28M in 2017Q3, according to the filing. It also increased its holding in Mercadolibre Inc (NASDAQ:MELI) by 144,451 shares in the quarter, for a total of 2.43 million shares, and has risen its stake in Grubhub Inc (NYSE:GRUB).

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.29, from 1.31 in 2017Q2. It dived, as 49 investors sold NBL shares while 150 reduced holdings. 43 funds opened positions while 159 raised stakes. 448.27 million shares or 2.45% more from 437.54 million shares in 2017Q2 were reported. South Dakota Inv Council holds 0.79% of its portfolio in Noble Energy, Inc. (NYSE:NBL) for 1.38M shares. Ontario Teachers Pension Plan Board holds 0.76% or 2.03 million shares. Creative Planning stated it has 0% of its portfolio in Noble Energy, Inc. (NYSE:NBL). Moreover, Mackenzie has 0.27% invested in Noble Energy, Inc. (NYSE:NBL) for 1.76 million shares. Ny State Teachers Retirement Systems has invested 0.05% in Noble Energy, Inc. (NYSE:NBL). Pnc Fincl Incorporated owns 207,718 shares or 0.01% of their US portfolio. Css Limited Liability Com Il invested in 0.15% or 105,974 shares. Moreover, Ubs Asset Americas has 0.06% invested in Noble Energy, Inc. (NYSE:NBL). Commerzbank Aktiengesellschaft Fi accumulated 18,258 shares. Primecap Management Ca invested in 0.05% or 2.25M shares. Moreover, D E Shaw And Incorporated has 0.01% invested in Noble Energy, Inc. (NYSE:NBL). Assetmark Incorporated accumulated 1,879 shares. Natl Investment Incorporated Wi, a Wisconsin-based fund reported 116,893 shares. Waters Parkerson And Limited Liability Corp, a Louisiana-based fund reported 105,933 shares. Kentucky Retirement Sys Ins Fund accumulated 0.06% or 12,036 shares.

Among 30 analysts covering Noble Energy Inc. (NYSE:NBL), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Noble Energy Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. BMO Capital Markets maintained Noble Energy, Inc. (NYSE:NBL) on Thursday, January 11 with “Buy” rating. RBC Capital Markets maintained Noble Energy, Inc. (NYSE:NBL) on Wednesday, July 5 with “Buy” rating. On Wednesday, December 16 the stock rating was downgraded by Argus Research to “Hold”. As per Tuesday, November 3, the company rating was maintained by Stifel Nicolaus. Piper Jaffray reinitiated the stock with “Overweight” rating in Monday, May 8 report. The rating was maintained by RBC Capital Markets on Wednesday, December 20 with “Buy”. On Wednesday, June 21 the stock rating was downgraded by Seaport Global to “Sell”. The firm has “Buy” rating given on Friday, October 13 by RBC Capital Markets. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 11. As per Tuesday, January 23, the company rating was maintained by Credit Suisse.

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