As Transcanada (TRP) Shares Declined, Shareholder New Mountain Vantage Advisers Trimmed Stake by $17.35 Million; Echo Global Logistics (ECHO) Position Held by Investment Management Of Virginia Llc

February 15, 2018 - By Vivian Currie

Steven B. Klinsky decreased its stake in Transcanada Corp (TRP) by 51.8% based on its latest 2017Q3 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 354,061 shares as the company’s stock declined 2.34% while stock markets rallied. The hedge fund run by Steven B. Klinsky held 329,482 shares of the natural gas distribution company at the end of 2017Q3, valued at $16.29 million, down from 683,543 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Transcanada Corp for a number of months, seems to be less bullish one the $37.52B market cap company. The stock decreased 0.07% or $0.03 during the last trading session, reaching $42.92. About 2.06M shares traded or 70.52% up from the average. TransCanada Corporation (NYSE:TRP) has risen 15.03% since February 15, 2017 and is uptrending. It has underperformed by 1.67% the S&P500.

Investment Management Of Virginia Llc increased its stake in Echo Global Logistics Inc. (ECHO) by 245.51% based on its latest 2017Q3 regulatory filing with the SEC. Investment Management Of Virginia Llc bought 114,259 shares as the company’s stock declined 21.96% while stock markets rallied. The institutional investor held 160,798 shares of the transportation company at the end of 2017Q3, valued at $3.03M, up from 46,539 at the end of the previous reported quarter. Investment Management Of Virginia Llc who had been investing in Echo Global Logistics Inc. for a number of months, seems to be bullish on the $823.27 million market cap company. The stock increased 0.51% or $0.15 during the last trading session, reaching $29.5. About 361,204 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has declined 17.14% since February 15, 2017 and is downtrending. It has underperformed by 33.84% the S&P500.

Among 15 analysts covering Echo Global Logistics (NASDAQ:ECHO), 9 have Buy rating, 1 Sell and 5 Hold. Therefore 60% are positive. Echo Global Logistics has $40.0 highest and $14 lowest target. $28.50’s average target is -3.39% below currents $29.5 stock price. Echo Global Logistics had 40 analyst reports since August 11, 2015 according to SRatingsIntel. Stephens maintained the stock with “Buy” rating in Monday, January 8 report. Stifel Nicolaus maintained it with “Buy” rating and $2300 target in Monday, July 17 report. The firm earned “Sell” rating on Thursday, October 26 by UBS. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Neutral” rating given on Monday, July 11 by UBS. The firm has “Buy” rating by Stifel Nicolaus given on Friday, December 8. Stifel Nicolaus upgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Tuesday, August 18 to “Buy” rating. The firm has “Neutral” rating by Credit Suisse given on Thursday, October 26. JP Morgan maintained the shares of ECHO in report on Thursday, October 12 with “Overweight” rating. Credit Suisse maintained the stock with “Neutral” rating in Thursday, February 8 report. Barrington Research maintained the stock with “Outperform” rating in Monday, October 31 report.

Investment Management Of Virginia Llc, which manages about $425.49 million US Long portfolio, decreased its stake in Quidel Corp. (NASDAQ:QDEL) by 65,897 shares to 183,446 shares, valued at $8.05 million in 2017Q3, according to the filing. It also reduced its holding in Mdc Holdings Inc. (NYSE:MDC) by 63,383 shares in the quarter, leaving it with 164,585 shares, and cut its stake in Dsw Inc. (NYSE:DSW).

Investors sentiment increased to 1.17 in 2017 Q3. Its up 0.08, from 1.09 in 2017Q2. It improved, as 18 investors sold ECHO shares while 36 reduced holdings. 21 funds opened positions while 42 raised stakes. 25.35 million shares or 4.42% more from 24.27 million shares in 2017Q2 were reported. Legal And General Grp Public Limited Co stated it has 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Services Automobile Association owns 182,630 shares or 0.01% of their US portfolio. Ls Invest Ltd Liability has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 1,007 shares. Glg Prtnrs Limited Partnership invested in 0.02% or 17,900 shares. Sei Invs Company reported 154 shares. 1.57M were accumulated by Franklin Resources Inc. Comerica Savings Bank reported 28,855 shares. D E Shaw & Incorporated owns 83,729 shares for 0% of their portfolio. Oppenheimer Asset Management, New York-based fund reported 4,717 shares. Ameriprise Financial accumulated 0% or 140,015 shares. Bankshares Of Montreal Can owns 554 shares. Parkside Financial Bank Trust stated it has 44 shares or 0% of all its holdings. State Common Retirement Fund holds 0% or 84,680 shares. Geode Cap Mgmt Ltd Liability Co invested in 0% or 247,145 shares. Elk Creek Prtnrs Limited Liability Co holds 620,013 shares.

Among 13 analysts covering TransCanada Corporation (NYSE:TRP), 12 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. TransCanada Corporation had 24 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was upgraded by IBC to “Sector Outperform” on Monday, December 7. The stock has “Buy” rating by Morgan Stanley on Thursday, January 11. The company was initiated on Thursday, September 1 by Bank of America. Morgan Stanley maintained the shares of TRP in report on Friday, November 17 with “Equal-Weight” rating. Credit Suisse initiated the shares of TRP in report on Friday, April 8 with “Outperform” rating. The rating was maintained by Scotia Capital on Tuesday, August 4 with “Sector Perform”. RBC Capital Markets maintained TransCanada Corporation (NYSE:TRP) rating on Wednesday, November 4. RBC Capital Markets has “Outperform” rating and $58 target. Morgan Stanley maintained the shares of TRP in report on Friday, February 9 with “Overweight” rating. The firm has “Outperform” rating by BMO Capital Markets given on Monday, July 31. The firm has “Hold” rating by Zacks given on Tuesday, September 1.

New Mountain Vantage Advisers Llc, which manages about $2.44B and $1.30B US Long portfolio, upped its stake in First Data Corp New by 657,734 shares to 3.04 million shares, valued at $54.92M in 2017Q3, according to the filing. It also increased its holding in Western Gas Partners Lp (NYSE:WES) by 172,060 shares in the quarter, for a total of 838,254 shares, and has risen its stake in Graphic Packaging Hldg Co (NYSE:GPK).

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