As Open Text (OTEX) Share Value Declined, Shareholder Roystone Capital Management LP Has Lowered Holding by $5.68 Million; As American Electric Power (AEP) Market Valuation Rose, Crow Point Partners Cut Holding

June 16, 2018 - By Michael Collier

Open Text Corporation (NASDAQ:OTEX) Logo

Crow Point Partners Llc decreased its stake in American Electric Power (AEP) by 5.45% based on its latest 2018Q1 regulatory filing with the SEC. Crow Point Partners Llc sold 15,000 shares as the company’s stock rose 0.37% while stock markets declined. The institutional investor held 260,000 shares of the public utilities company at the end of 2018Q1, valued at $17.83M, down from 275,000 at the end of the previous reported quarter. Crow Point Partners Llc who had been investing in American Electric Power for a number of months, seems to be less bullish one the $32.04 billion market cap company. The stock increased 0.67% or $0.43 during the last trading session, reaching $65.05. About 5.32 million shares traded or 85.79% up from the average. American Electric Power Company, Inc. (NYSE:AEP) has declined 5.06% since June 16, 2017 and is downtrending. It has underperformed by 17.63% the S&P500. Some Historical AEP News: 19/04/2018 – AEP REACHES SETTLEMENT ON ROE FOR EASTERN COMPANIES; 26/04/2018 – American Electric Power 1Q Rev $4B; 16/04/2018 – AEP: Settlement Includes SWEPCO, Louisianca PSC, Walmart; 16/03/2018 – DEEP ECO: AEP May Benefit, Industry Production Best in 22.5 Yrs; 04/04/2018 – EPA: AEP SWEPCO of Shreveport, La., Earns 2017 ENERGY STAR® Partner of the Year Honors; 26/04/2018 – AMERICAN ELECTRIC POWER – SEEING POSITIVE ECONOMIC INDICATORS IN REGIONS CO SERVES; 24/04/2018 – AMERICAN ELECTRIC POWER COMPANY INC – PLAN TO INVEST $17.7 BLN IN CAPITAL OVER NEXT THREE YEARS; 26/04/2018 – AEP SEES WIND CATCHER REGULATORY DECISIONS IN MAY, JUNE; 25/04/2018 – Hartford Income Adds American Electric Power Co; 19/04/2018 – AEP: SETTLEMENT ON TRANSMISSION RETURN ON EQUITY

Richard Barrera decreased its stake in Open Text Corp (OTEX) by 12.84% based on its latest 2018Q1 regulatory filing with the SEC. Roystone Capital Management Lp sold 167,176 shares as the company’s stock declined 2.77% with the market. The hedge fund run by Richard Barrera held 1.14 million shares of the edp services company at the end of 2018Q1, valued at $39.51M, down from 1.30 million at the end of the previous reported quarter. Roystone Capital Management Lp who had been investing in Open Text Corp for a number of months, seems to be less bullish one the $9.61 billion market cap company. The stock decreased 0.14% or $0.05 during the last trading session, reaching $35.92. About 460,510 shares traded. Open Text Corporation (NASDAQ:OTEX) has risen 6.83% since June 16, 2017 and is uptrending. It has underperformed by 5.74% the S&P500. Some Historical OTEX News: 17/04/2018 – Hedge fund manager Cliff Robbins reveals investment in software company Open Text; 30/05/2018 – OPENTEXT REPORTS REPRICING & AMENDMENT OF CREDIT LINES; 09/05/2018 – Open Text 3Q Adj EPS 54c; 17/04/2018 – 13D CONF: ROBBINS SAYS OPEN TEXT MISPRICED, INEXPENSIVE COMPANY; 17/04/2018 – Open Text Closes Above 50-Day Moving Average: Technicals; 09/05/2018 – OPEN TEXT CORP OTEX.TO – ANNOUNCING A 15% INCREASE TO QUARTERLY CASH DIVIDEND TO $0.1518 PER SHARE; 30/05/2018 – OPENTEXT TERM LOAN INCREASED TO $1B, MATURITY DATE TO 2025; 09/05/2018 – Open Text 3Q Net $58.8M; 27/04/2018 – Global $5.8 Bn Digital Forensics Market 2018-2023 – Leading Players are LogRhythm, AccessData, Open Text Corp and Cisco Systems – ResearchAndMarkets.com; 17/04/2018 – ROBBINS SEES 40%-50% UPSIDE POTENTIAL FOR OPEN TEXT

Among 21 analysts covering American Electric Power Company Inc. (NYSE:AEP), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. American Electric Power Company Inc. had 77 analyst reports since August 18, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Overweight” rating and $71 target in Tuesday, February 13 report. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Buy” rating by SunTrust on Monday, March 19. Jefferies maintained the shares of AEP in report on Thursday, September 17 with “Buy” rating. The company was initiated on Tuesday, August 18 by Mizuho. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Buy” rating by Deutsche Bank on Tuesday, August 25. The firm has “Outperform” rating given on Friday, July 28 by BMO Capital Markets. The stock of American Electric Power Company, Inc. (NYSE:AEP) earned “Overweight” rating by Barclays Capital on Thursday, September 3. The rating was maintained by Suntrust Robinson with “Buy” on Monday, October 19. The firm has “Sell” rating given on Tuesday, January 2 by Guggenheim. The stock of American Electric Power Company, Inc. (NYSE:AEP) has “Buy” rating given on Tuesday, September 8 by Guggenheim.

Investors sentiment decreased to 0.88 in 2018 Q1. Its down 0.20, from 1.08 in 2017Q4. It dived, as 57 investors sold AEP shares while 288 reduced holdings. 76 funds opened positions while 229 raised stakes. 347.97 million shares or 0.83% more from 345.12 million shares in 2017Q4 were reported. Epoch Invest Prns Incorporated reported 2.36M shares stake. American Gru owns 158,543 shares. Bridges accumulated 0.03% or 8,070 shares. Riggs Asset Managment Communication Inc invested in 0.02% or 715 shares. Frontier Mngmt Company owns 0% invested in American Electric Power Company, Inc. (NYSE:AEP) for 113,789 shares. Shelton Cap Mgmt owns 4,145 shares or 0.02% of their US portfolio. First Dallas invested in 0.19% or 4,175 shares. Mariner Ltd Liability Corporation invested in 0.02% or 6,462 shares. Lazard Asset Mngmt Ltd Liability Com holds 0.02% or 147,449 shares. Jennison Associate Ltd Liability holds 0.23% or 3.44M shares. Natixis accumulated 52,186 shares. Country Trust Bancshares holds 0% or 94 shares in its portfolio. Riverhead Management Lc reported 35,389 shares. 141,031 are held by Utd Capital Fincl Advisers Llc. Conning Inc stated it has 11,928 shares.

Another recent and important American Electric Power Company, Inc. (NYSE:AEP) news was published by Seekingalpha.com which published an article titled: “American Electric Power (AEP) Presents At 2018 Utility & Power Summit – Slideshow” on June 14, 2018.

Analysts await American Electric Power Company, Inc. (NYSE:AEP) to report earnings on July, 26. They expect $0.81 earnings per share, up 8.00% or $0.06 from last year’s $0.75 per share. AEP’s profit will be $398.95 million for 20.08 P/E if the $0.81 EPS becomes a reality. After $0.96 actual earnings per share reported by American Electric Power Company, Inc. for the previous quarter, Wall Street now forecasts -15.63% negative EPS growth.

Crow Point Partners Llc, which manages about $937.00M and $544.06M US Long portfolio, upped its stake in Industrial Select Sect Spdr (XLI) by 6,400 shares to 13,867 shares, valued at $1.03M in 2018Q1, according to the filing. It also increased its holding in Shenandoah Telecommunication (NASDAQ:SHEN) by 15,000 shares in the quarter, for a total of 990,000 shares, and has risen its stake in I.

Since May 4, 2018, it had 0 buys, and 1 insider sale for $50,203 activity.

Roystone Capital Management Lp, which manages about $1.66 billion and $1.12 billion US Long portfolio, upped its stake in T Mobile Us Inc (NYSE:TMUS) by 34,000 shares to 658,281 shares, valued at $40.18 million in 2018Q1, according to the filing. It also increased its holding in Ulta Beauty Inc (NASDAQ:ULTA) by 64,600 shares in the quarter, for a total of 201,525 shares, and has risen its stake in Norwegian Cruise Line Hldgs (NASDAQ:NCLH).

Analysts await Open Text Corporation (NASDAQ:OTEX) to report earnings on August, 2. They expect $0.18 earnings per share, up 5.88% or $0.01 from last year’s $0.17 per share. OTEX’s profit will be $48.14M for 49.89 P/E if the $0.18 EPS becomes a reality. After $0.22 actual earnings per share reported by Open Text Corporation for the previous quarter, Wall Street now forecasts -18.18% negative EPS growth.

More news for Open Text Corporation (NASDAQ:OTEX) were recently published by: Prnewswire.com, which released: “The OpenText Business Network Powers 23 Of Gartner’s Top 25 Supply Chains” on June 08, 2018. Nasdaq.com‘s article titled: “Report: Exploring Fundamental Drivers Behind Mitel Networks, Celestica, CoreCivic, Inc., Jazz Pharmaceuticals, Open …” and published on June 04, 2018 is yet another important article.

Among 12 analysts covering OpenText Corporation (NASDAQ:OTEX), 10 have Buy rating, 1 Sell and 1 Hold. Therefore 83% are positive. OpenText Corporation had 26 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Buy” rating by Scotia Capital given on Thursday, February 1. The stock of Open Text Corporation (NASDAQ:OTEX) has “Neutral” rating given on Thursday, February 16 by Citigroup. As per Wednesday, November 22, the company rating was maintained by Raymond James. Barclays Capital maintained Open Text Corporation (NASDAQ:OTEX) on Thursday, February 1 with “Overweight” rating. As per Tuesday, July 28, the company rating was maintained by Barclays Capital. The firm earned “Buy” rating on Thursday, February 1 by BMO Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $4000 target in Wednesday, July 12 report. On Friday, August 4 the stock rating was maintained by Barclays Capital with “Overweight”. On Monday, October 30 the stock rating was maintained by RBC Capital Markets with “Buy”. BMO Capital Markets maintained Open Text Corporation (NASDAQ:OTEX) rating on Wednesday, November 1. BMO Capital Markets has “Buy” rating and $40.0 target.

American Electric Power Company, Inc. (NYSE:AEP) Institutional Positions Chart

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