Macquarie Infrastructure Cor (MIC) Holder Caxton Associates LP Has Raised Position by $6.08 Million; Silvercrest Asset Management Group Has Trimmed Its Eastgroup Ppty Com (EGP) Stake by $9.05 Million as Shares Declined

May 24, 2018 - By Linda Rogers

EastGroup Properties, Inc. (NYSE:EGP) Logo

Bruce Kovner increased its stake in Macquarie Infrastructure Cor (MIC) by 271.43% based on its latest 2017Q4 regulatory filing with the SEC. Caxton Associates Lp bought 95,000 shares as the company’s stock declined 42.74% with the market. The hedge fund run by Bruce Kovner held 130,000 shares of the oil refining and marketing company at the end of 2017Q4, valued at $8.35M, up from 35,000 at the end of the previous reported quarter. Caxton Associates Lp who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be bullish on the $3.22B market cap company. The stock decreased 0.67% or $0.26 during the last trading session, reaching $37.81. About 441,298 shares traded. Macquarie Infrastructure Corporation (NYSE:MIC) has declined 54.12% since May 24, 2017 and is downtrending. It has underperformed by 65.67% the S&P500.

Silvercrest Asset Management Group Llc decreased its stake in Eastgroup Ppty Inc Com (EGP) by 9.89% based on its latest 2017Q4 regulatory filing with the SEC. Silvercrest Asset Management Group Llc sold 102,820 shares as the company’s stock declined 6.67% with the market. The hedge fund held 936,546 shares of the consumer services company at the end of 2017Q4, valued at $82.77M, down from 1.04M at the end of the previous reported quarter. Silvercrest Asset Management Group Llc who had been investing in Eastgroup Ppty Inc Com for a number of months, seems to be less bullish one the $3.18B market cap company. It closed at $91.25 lastly. It is down 14.36% since May 24, 2017 and is uptrending. It has outperformed by 2.81% the S&P500.

More news for EastGroup Properties, Inc. (NYSE:EGP) were recently published by: Globenewswire.com, which released: “Market Trends Toward New Normal in Acacia Research, A10 Networks, Imperva, PotlatchDeltic, Blackhawk Network …” on April 27, 2018. Seekingalpha.com‘s article titled: “EastGroup Properties: Fundamentals Trump Fear” and published on April 27, 2018 is yet another important article.

Analysts await EastGroup Properties, Inc. (NYSE:EGP) to report earnings on July, 24. They expect $1.12 EPS, up 6.67% or $0.07 from last year’s $1.05 per share. EGP’s profit will be $38.99M for 20.37 P/E if the $1.12 EPS becomes a reality. After $1.16 actual EPS reported by EastGroup Properties, Inc. for the previous quarter, Wall Street now forecasts -3.45% negative EPS growth.

Among 15 analysts covering Eastgroup Properties Inc. (NYSE:EGP), 2 have Buy rating, 0 Sell and 13 Hold. Therefore 13% are positive. Eastgroup Properties Inc. had 34 analyst reports since August 20, 2015 according to SRatingsIntel. The company was maintained on Wednesday, February 7 by Sandler O’Neill. The firm has “Underweight” rating by Morgan Stanley given on Tuesday, September 6. The firm earned “Hold” rating on Monday, January 22 by SunTrust. The company was downgraded on Friday, August 21 by Zacks. Mizuho downgraded the stock to “Neutral” rating in Monday, October 23 report. The rating was maintained by KeyBanc Capital Markets on Monday, October 23 with “Hold”. The stock has “Sell” rating by SunTrust on Thursday, October 19. The rating was maintained by Morgan Stanley on Thursday, December 14 with “Equal-Weight”. Morgan Stanley upgraded the stock to “Equal-Weight” rating in Wednesday, April 12 report. The stock has “Hold” rating by BMO Capital Markets on Thursday, March 23.

Investors sentiment decreased to 1.36 in 2017 Q4. Its down 0.07, from 1.43 in 2017Q3. It dived, as 11 investors sold EGP shares while 62 reduced holdings. 31 funds opened positions while 68 raised stakes. 32.23 million shares or 0.37% less from 32.35 million shares in 2017Q3 were reported. Hsbc Plc accumulated 3,195 shares. The Australia-based Macquarie Group Ltd has invested 0.06% in EastGroup Properties, Inc. (NYSE:EGP). Quantbot LP has invested 0.03% in EastGroup Properties, Inc. (NYSE:EGP). Huntington Bank holds 0% or 423 shares. First Advisors LP reported 18,748 shares stake. Qs Invsts Llc stated it has 2,105 shares. Usca Ria Ltd Liability Com holds 0.03% or 3,100 shares in its portfolio. Vantage Investment Advisors Ltd holds 0.02% of its portfolio in EastGroup Properties, Inc. (NYSE:EGP) for 750 shares. 5,100 were accumulated by Cornerstone Capital Mgmt Ltd Liability. Sterling Lc reported 44,600 shares. Stratos Wealth Ptnrs accumulated 40 shares. Washington Tru Bank & Trust reported 26 shares or 0% of all its holdings. Northwestern Mutual Wealth Mgmt accumulated 196 shares. Amundi Pioneer Asset Mngmt stated it has 25,881 shares. Susquehanna Grp Incorporated Limited Liability Partnership reported 26,321 shares.

Silvercrest Asset Management Group Llc, which manages about $15.87 billion and $10.75B US Long portfolio, upped its stake in Ishares Tr (EEM) by 13,100 shares to 44,093 shares, valued at $2.08 million in 2017Q4, according to the filing. It also increased its holding in Pfizer Inc Com (NYSE:PFE) by 271,964 shares in the quarter, for a total of 3.27 million shares, and has risen its stake in Amazon Com Inc Com (NASDAQ:AMZN).

Since February 8, 2018, it had 1 insider buy, and 1 insider sale for $272,367 activity. COLEMAN JOHN F sold $512,528 worth of EastGroup Properties, Inc. (NYSE:EGP) on Tuesday, April 24.

Caxton Associates Lp, which manages about $10.75B and $2.03B US Long portfolio, decreased its stake in Carnival Corp (Call) (NYSE:CCL) by 183,500 shares to 25,000 shares, valued at $1.66 million in 2017Q4, according to the filing. It also reduced its holding in Molson Coors Brewing Co (Call) (NYSE:TAP) by 50,000 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Bank Amer Corp (NYSE:BAC).

Among 8 analysts covering MacQuarie Infrastructure (NYSE:MIC), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. MacQuarie Infrastructure had 25 analyst reports since August 5, 2015 according to SRatingsIntel. On Wednesday, August 5 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Overweight” rating by Barclays Capital given on Thursday, February 23. RBC Capital Markets maintained the stock with “Outperform” rating in Wednesday, November 2 report. SunTrust downgraded Macquarie Infrastructure Corporation (NYSE:MIC) on Thursday, February 22 to “Hold” rating. RBC Capital Markets maintained the shares of MIC in report on Monday, September 25 with “Buy” rating. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) has “Buy” rating given on Tuesday, March 21 by Suntrust Robinson. The firm has “Buy” rating given on Tuesday, January 16 by RBC Capital Markets. The stock of Macquarie Infrastructure Corporation (NYSE:MIC) earned “Outperform” rating by Wells Fargo on Friday, November 18. The firm has “Outperform” rating given on Wednesday, November 4 by RBC Capital Markets. The firm has “Equal-Weight” rating given on Tuesday, July 18 by Barclays Capital.

More notable recent Macquarie Infrastructure Corporation (NYSE:MIC) news were published by: Globenewswire.com which released: “SHAREHOLDER ALERT: Brower Piven Notifies Investors of Class Action Lawsuit And Encourages Those Who Have …” on April 26, 2018, also Globenewswire.com with their article: “SHAREHOLDER ALERT: Brower Piven Encourages Investors Who Have Losses In Excess Of $100000 From …” published on April 28, 2018, Digitaljournal.com published: “MIC INVESTOR ALERT: The Law Offices of Vincent Wong Notifies Investors of a Class Action Involving Macquarie …” on May 22, 2018. More interesting news about Macquarie Infrastructure Corporation (NYSE:MIC) were released by: Businesswire.com and their article: “All Six MIC Directors Reelected at Annual Meeting of Stockholders” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “Macquarie Infrastructure’s (MIC) CEO Christopher Frost on Q1 2018 Results – Earnings Call Transcript” with publication date: May 03, 2018.

EastGroup Properties, Inc. (NYSE:EGP) Institutional Positions Chart

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