Glg Partners LP Lifted Position in Plains All Amern Pipeline L (PAA) by $2.06 Million as Share Price Rose; Navistar Intl New (NAV) Stake Held by Highbridge Capital Management Llc

May 26, 2018 - By Nellie Frank

Navistar International Corporation (NYSE:NAV) Logo

Noam Gottesman increased its stake in Plains All Amern Pipeline L (PAA) by 85.41% based on its latest 2017Q4 regulatory filing with the SEC. Glg Partners Lp bought 102,960 shares as the company’s stock rose 2.32% while stock markets declined. The hedge fund run by Noam Gottesman held 223,508 shares of the energy company at the end of 2017Q4, valued at $4.61M, up from 120,548 at the end of the previous reported quarter. Glg Partners Lp who had been investing in Plains All Amern Pipeline L for a number of months, seems to be bullish on the $16.77 billion market cap company. The stock decreased 0.90% or $0.21 during the last trading session, reaching $23.11. About 2.97 million shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has declined 30.85% since May 26, 2017 and is downtrending. It has underperformed by 42.40% the S&P500.

Glenn Russell Dubin increased its stake in Navistar Intl Corp New (NAV) by 130.83% based on its latest 2017Q4 regulatory filing with the SEC. Highbridge Capital Management Llc bought 13,345 shares as the company’s stock declined 27.03% with the market. The hedge fund run by Glenn Russell Dubin held 23,545 shares of the auto manufacturing company at the end of 2017Q4, valued at $1.01M, up from 10,200 at the end of the previous reported quarter. Highbridge Capital Management Llc who had been investing in Navistar Intl Corp New for a number of months, seems to be bullish on the $3.82 billion market cap company. The stock decreased 1.12% or $0.44 during the last trading session, reaching $38.74. About 237,263 shares traded. Navistar International Corporation (NYSE:NAV) has risen 31.67% since May 26, 2017 and is uptrending. It has outperformed by 20.12% the S&P500.

Highbridge Capital Management Llc, which manages about $32.39B and $5.61 billion US Long portfolio, decreased its stake in General Electric Co (Put) (NYSE:GE) by 490,200 shares to 83,900 shares, valued at $1.47 million in 2017Q4, according to the filing. It also reduced its holding in Broadridge Finl Solutions In (Put) (NYSE:BR) by 5,200 shares in the quarter, leaving it with 6,300 shares, and cut its stake in Toro Co (NYSE:TTC).

More notable recent Navistar International Corporation (NYSE:NAV) news were published by: Streetinsider.com which released: “Carl Icahn Confirms Stake in Newell Rubbermaid (NWL) (more…) – 13F” on May 15, 2018, also Twst.com with their article: “Navistar International Corporation: Navistar To Announce Fiscal 2018 Second Quarter Financial Results On Tuesday …” published on May 25, 2018, Seekingalpha.com published: “Navistar Needs To Work A Lot Harder” on May 02, 2018. More interesting news about Navistar International Corporation (NYSE:NAV) were released by: Seekingalpha.com and their article: “Tracking Alex Roepers’ Atlantic Investment Management Portfolio – Q1 2018 Update” published on May 24, 2018 as well as Nasdaq.com‘s news article titled: “Report: Developing Opportunities within Pacific Premier, EnLink Midstream, CENTENNIAL RES, Navistar International …” with publication date: May 16, 2018.

Investors sentiment increased to 3 in Q4 2017. Its up 2.00, from 1 in 2017Q3. It improved, as 1 investors sold NAV shares while 0 reduced holdings. 3 funds opened positions while 0 raised stakes. 242,095 shares or 298782.72% more from 81 shares in 2017Q3 were reported. Pacad owns 4,600 shares for 0.04% of their portfolio. Moreover, Westpac Corporation has 0.12% invested in Navistar International Corporation (NYSE:NAV) for 119,781 shares. Gotham Asset Management Limited Liability Company stated it has 117,714 shares.

Among 22 analysts covering Navistar International Corporation (NYSE:NAV), 8 have Buy rating, 2 Sell and 12 Hold. Therefore 36% are positive. Navistar International Corporation had 82 analyst reports since July 27, 2015 according to SRatingsIntel. The company was maintained on Wednesday, June 7 by Aegis Capital. Robert W. Baird maintained the stock with “Buy” rating in Tuesday, September 5 report. The stock of Navistar International Corporation (NYSE:NAV) has “Sell” rating given on Tuesday, September 1 by Zacks. The rating was maintained by Deutsche Bank on Sunday, September 6 with “Hold”. The company was maintained on Thursday, March 8 by Robert W. Baird. The firm has “Buy” rating by Stifel Nicolaus given on Friday, February 9. The firm has “Neutral” rating by Susquehanna given on Wednesday, March 9. The firm earned “Sector Perform” rating on Friday, December 18 by RBC Capital Markets. The stock of Navistar International Corporation (NYSE:NAV) earned “Buy” rating by Jefferies on Friday, June 16. Jefferies maintained the shares of NAV in report on Thursday, September 3 with “Buy” rating.

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 14 have Buy rating, 1 Sell and 15 Hold. Therefore 47% are positive. Plains All American Pipeline LP had 113 analyst reports since August 6, 2015 according to SRatingsIntel. The company was maintained on Monday, October 16 by Jefferies. As per Friday, September 11, the company rating was downgraded by Goldman Sachs. Citigroup reinitiated Plains All American Pipeline, L.P. (NYSE:PAA) rating on Tuesday, August 16. Citigroup has “Buy” rating and $33.50 target. The stock has “Buy” rating by Scotia Capital on Friday, April 28. On Wednesday, November 8 the stock rating was maintained by Stifel Nicolaus with “Hold”. The firm has “Neutral” rating by UBS given on Thursday, August 6. The company was downgraded on Thursday, July 13 by Deutsche Bank. The company was maintained on Monday, August 28 by Stifel Nicolaus. RBC Capital Markets maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Thursday, February 11. RBC Capital Markets has “Sector Perform” rating and $19 target. The firm has “Sector Perform” rating given on Thursday, April 28 by RBC Capital Markets.

Glg Partners Lp, which manages about $27.28B and $2.14 billion US Long portfolio, decreased its stake in Mastercard Incorporated (NYSE:MA) by 83,250 shares to 90,535 shares, valued at $13.70 million in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc by 15,285 shares in the quarter, leaving it with 12,057 shares, and cut its stake in Nike Inc (NYSE:NKE).

Investors sentiment increased to 0.72 in 2017 Q4. Its up 0.09, from 0.63 in 2017Q3. It improved, as 42 investors sold PAA shares while 120 reduced holdings. 34 funds opened positions while 82 raised stakes. 311.82 million shares or 2.74% more from 303.49 million shares in 2017Q3 were reported. Trust Department Mb Retail Bank N A holds 0.01% or 2,821 shares. Riverpoint Cap Mngmt Limited Com invested 0.02% in Plains All American Pipeline, L.P. (NYSE:PAA). Oppenheimer & has invested 0.01% in Plains All American Pipeline, L.P. (NYSE:PAA). Private Advisor Grp Limited Co holds 0.01% in Plains All American Pipeline, L.P. (NYSE:PAA) or 10,031 shares. Salient Tru Lta holds 0.09% of its portfolio in Plains All American Pipeline, L.P. (NYSE:PAA) for 39,001 shares. United Fire Group Inc has invested 0.04% in Plains All American Pipeline, L.P. (NYSE:PAA). Colorado-based Cetera Limited Liability Corporation has invested 0.03% in Plains All American Pipeline, L.P. (NYSE:PAA). Obermeyer Wood Investment Counsel Lllp owns 107,705 shares for 0.19% of their portfolio. Perigon Wealth Mngmt Lc holds 1,635 shares or 0.01% of its portfolio. 1,557 were accumulated by Finance Architects Inc. Signaturefd Ltd Co holds 0.04% in Plains All American Pipeline, L.P. (NYSE:PAA) or 17,600 shares. 194,585 were accumulated by Freestone Holdg Limited Com. Royal National Bank Of Canada invested 0% in Plains All American Pipeline, L.P. (NYSE:PAA). 2.34 million are held by Miller Howard Investments New York. Creative Planning, a Kansas-based fund reported 65,515 shares.

Plains All American Pipeline, L.P. (NYSE:PAA) Institutional Positions Chart

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