Third Avenue Management Decreased Its Stake in Dorman Products (DORM) as Shares Rose; As Macquarie Infrastructure Cor (MIC) Shares Declined, Cypress Funds Cut Its Position

November 15, 2017 - By Nellie Frank

Cypress Funds Llc decreased its stake in Macquarie Infrastructure Cor (MIC) by 39.01% based on its latest 2017Q2 regulatory filing with the SEC. Cypress Funds Llc sold 153,500 shares as the company’s stock declined 1.43% while stock markets rallied. The hedge fund held 240,000 shares of the oil refining and marketing company at the end of 2017Q2, valued at $18.82M, down from 393,500 at the end of the previous reported quarter. Cypress Funds Llc who had been investing in Macquarie Infrastructure Cor for a number of months, seems to be less bullish one the $5.46 billion market cap company. The stock declined 0.54% or $0.35 reaching $64.53 per share. About 1,928 shares traded. Macquarie Infrastructure Corp (NYSE:MIC) has risen 11.18% since November 15, 2016 and is uptrending. It has underperformed by 5.52% the S&P500.

Martin Whitman decreased its stake in Dorman Products Inc. (DORM) by 25.34% based on its latest 2017Q2 regulatory filing with the SEC. Third Avenue Management Llc sold 14,800 shares as the company’s stock rose 14.29% with the market. The hedge fund run by Martin Whitman held 43,600 shares of the capital goods company at the end of 2017Q2, valued at $3.61 million, down from 58,400 at the end of the previous reported quarter. Third Avenue Management Llc who had been investing in Dorman Products Inc. for a number of months, seems to be less bullish one the $2.22 billion market cap company. The stock declined 1.60% or $1.07 reaching $65.94 per share. About shares traded. Dorman Products Inc. (NASDAQ:DORM) has risen 57.51% since November 15, 2016 and is uptrending. It has outperformed by 40.81% the S&P500.

Investors sentiment increased to 1.23 in 2017 Q2. Its up 0.20, from 1.03 in 2017Q1. It is positive, as 17 investors sold DORM shares while 76 reduced holdings. 33 funds opened positions while 81 raised stakes. 25.28 million shares or 2.44% less from 25.91 million shares in 2017Q1 were reported. Stephens Ar accumulated 57,533 shares. Amalgamated Financial Bank reported 3,814 shares or 0.01% of all its holdings. Wcm Investment Management Ca reported 0.01% of its portfolio in Dorman Products Inc. (NASDAQ:DORM). 17,655 are held by State Board Of Administration Of Florida Retirement Systems. Pnc Fin Incorporated holds 832,950 shares. Weik Ser reported 0.11% in Dorman Products Inc. (NASDAQ:DORM). Hancock Holdings reported 7,500 shares. D E Shaw Inc owns 18,090 shares. Schroder Inv Management Group reported 0% stake. New Amsterdam Prns Llc Ny owns 1.06% invested in Dorman Products Inc. (NASDAQ:DORM) for 60,065 shares. Arizona State Retirement System has invested 0.02% in Dorman Products Inc. (NASDAQ:DORM). Capstone Asset, Texas-based fund reported 7,603 shares. Moreover, Jpmorgan Chase Communication has 0% invested in Dorman Products Inc. (NASDAQ:DORM). Sg Americas Securities Ltd invested 0% of its portfolio in Dorman Products Inc. (NASDAQ:DORM). Raymond James And owns 32,614 shares or 0.01% of their US portfolio.

Third Avenue Management Llc, which manages about $2.25 billion US Long portfolio, upped its stake in Sp Plus Corp. (NASDAQ:SP) by 29,000 shares to 198,423 shares, valued at $6.06 million in 2017Q2, according to the filing. It also increased its holding in Tri Pointe Group Inc. (NYSE:TPH) by 203,200 shares in the quarter, for a total of 410,900 shares, and has risen its stake in Bmc Stock Holdings Inc..

Analysts await Dorman Products Inc. (NASDAQ:DORM) to report earnings on February, 28. They expect $0.86 earnings per share, up 3.61% or $0.03 from last year’s $0.83 per share. DORM’s profit will be $28.95 million for 19.17 P/E if the $0.86 EPS becomes a reality. After $0.80 actual earnings per share reported by Dorman Products Inc. for the previous quarter, Wall Street now forecasts 7.50% EPS growth.

Among 7 analysts covering Dorman Products (NASDAQ:DORM), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Dorman Products had 15 analyst reports since October 14, 2015 according to SRatingsIntel. Jefferies initiated the shares of DORM in report on Tuesday, October 20 with “Hold” rating. As per Thursday, February 23, the company rating was downgraded by FBR Capital. The company was maintained on Wednesday, October 18 by Jefferies. The stock of Dorman Products Inc. (NASDAQ:DORM) earned “Hold” rating by Jefferies on Friday, October 27. The rating was initiated by Barrington Research with “Outperform” on Wednesday, October 14. B. Riley & Co upgraded Dorman Products Inc. (NASDAQ:DORM) on Thursday, February 18 to “Neutral” rating. FBR Capital maintained the shares of DORM in report on Thursday, October 29 with “Outperform” rating. The stock of Dorman Products Inc. (NASDAQ:DORM) earned “Hold” rating by BB&T Capital on Thursday, October 15. The rating was downgraded by CL King to “Neutral” on Wednesday, January 4. Jefferies maintained the shares of DORM in report on Wednesday, August 9 with “Hold” rating.

More notable recent Dorman Products Inc. (NASDAQ:DORM) news were published by: Marketwired.com which released: “Dorman Products, Inc. Announces Organizational Changes” on June 08, 2017, also Nasdaq.com with their article: “Dorman Products Enters Oversold Territory (DORM)” published on November 09, 2017, Fool.com published: “Dorman Products Finishes 2016 Strong” on February 22, 2017. More interesting news about Dorman Products Inc. (NASDAQ:DORM) were released by: Globenewswire.com and their article: “Dorman Products, Inc. Reports Sales and Earnings for the Second Quarter Ended …” published on August 01, 2017 as well as Nasdaq.com‘s news article titled: “Dorman Products, Inc. Announces Date to Report Sales and Earnings for the …” with publication date: October 16, 2017.

Cypress Funds Llc, which manages about $356.95 million and $508.76M US Long portfolio, upped its stake in Spectrum Brands Hldgs Inc (NYSE:SPB) by 14,000 shares to 150,000 shares, valued at $18.76 million in 2017Q2, according to the filing.

Investors sentiment increased to 1.53 in 2017 Q2. Its up 0.45, from 1.08 in 2017Q1. It improved, as 28 investors sold MIC shares while 85 reduced holdings. 48 funds opened positions while 125 raised stakes. 66.21 million shares or 2.63% less from 67.99 million shares in 2017Q1 were reported. Clear Harbor Asset Ltd Llc stated it has 78,517 shares or 1.16% of all its holdings. Da Davidson And stated it has 17,049 shares. Raymond James invested 0.03% in Macquarie Infrastructure Corp (NYSE:MIC). Westfield Mngmt Limited Partnership accumulated 513,533 shares. Pinebridge Investments Lp invested in 0% or 702 shares. 14,109 are held by Amalgamated Bancshares. E&G LP reported 4,670 shares stake. Andra Ap owns 13,400 shares. Fjarde Ap invested 0.04% in Macquarie Infrastructure Corp (NYSE:MIC). Commonwealth Of Pennsylvania Public School Empls Retrmt System accumulated 209,707 shares. Stephens Inc Ar stated it has 12,304 shares or 0.03% of all its holdings. Assetmark Inc has invested 0% in Macquarie Infrastructure Corp (NYSE:MIC). Arrowstreet Cap Partnership owns 75,672 shares for 0.02% of their portfolio. The Kentucky-based Regent Mgmt Lc has invested 0.25% in Macquarie Infrastructure Corp (NYSE:MIC). Atria Invs Limited Liability Company stated it has 0.01% in Macquarie Infrastructure Corp (NYSE:MIC).

More notable recent Macquarie Infrastructure Corp (NYSE:MIC) news were published by: Forbes.com which released: “Ex-Dividend Reminder: National Instruments, Apple and Macquarie Infrastructure” on November 08, 2017, also Seekingalpha.com with their article: “Macquarie Infrastructure Corp.: Overlooked And Complicated? Yes. Already A 50 …” published on November 10, 2017, Nasdaq.com published: “Macquarie Infrastructure (MIC) Passes Through 8% Yield Mark” on October 26, 2017. More interesting news about Macquarie Infrastructure Corp (NYSE:MIC) were released by: Businesswire.com and their article: “MIC CEO James Hooke to Become CEO of Macquarie Atlas Roads in 2018” published on October 19, 2017 as well as Seekingalpha.com‘s news article titled: “Macquarie Infrastructure: Investment Grade Balance Sheet, 8% Dividend Yield …” with publication date: October 26, 2017.

Analysts await Macquarie Infrastructure Corp (NYSE:MIC) to report earnings on February, 20. They expect $0.68 EPS, down 23.60% or $0.21 from last year’s $0.89 per share. MIC’s profit will be $57.54M for 23.72 P/E if the $0.68 EPS becomes a reality. After $0.48 actual EPS reported by Macquarie Infrastructure Corp for the previous quarter, Wall Street now forecasts 41.67% EPS growth.

Among 7 analysts covering MacQuarie Infrastructure (NYSE:MIC), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. MacQuarie Infrastructure had 18 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained Macquarie Infrastructure Corp (NYSE:MIC) rating on Thursday, February 23. RBC Capital Markets has “Outperform” rating and $93 target. As per Tuesday, March 21, the company rating was initiated by Suntrust Robinson. The rating was maintained by Barclays Capital with “Overweight” on Thursday, February 23. RBC Capital Markets maintained the shares of MIC in report on Monday, September 25 with “Buy” rating. The stock of Macquarie Infrastructure Corp (NYSE:MIC) earned “Outperform” rating by RBC Capital Markets on Wednesday, August 5. As per Sunday, August 20, the company rating was maintained by RBC Capital Markets. On Thursday, November 2 the stock rating was maintained by SunTrust with “Buy”. On Wednesday, November 2 the stock rating was maintained by RBC Capital Markets with “Outperform”. RBC Capital Markets maintained the stock with “Buy” rating in Sunday, October 29 report. As per Tuesday, July 18, the company rating was downgraded by Barclays Capital.

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