Fosun International LTD Boosted Ikang Healthcare Group (KANG) Position by $15.59 Million; Msdc Management LP Cut Its Blueknight Energy Partners L (BKEP) Holding by $2.31 Million

May 8, 2018 - By Maria Brooks

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) Logo

Fosun International Ltd increased its stake in Ikang Healthcare Group Inc (KANG) by 29.1% based on its latest 2017Q4 regulatory filing with the SEC. Fosun International Ltd bought 1.04 million shares as the company’s stock rose 26.26% while stock markets declined. The institutional investor held 4.61M shares of the health care company at the end of 2017Q4, valued at $72.85M, up from 3.57 million at the end of the previous reported quarter. Fosun International Ltd who had been investing in Ikang Healthcare Group Inc for a number of months, seems to be bullish on the $1.37B market cap company. It closed at $19.97 lastly. It is down 35.87% since May 8, 2017 and is uptrending. It has outperformed by 24.32% the S&P500.

Msdc Management Lp decreased its stake in Blueknight Energy Partners L (BKEP) by 14.17% based on its latest 2017Q4 regulatory filing with the SEC. Msdc Management Lp sold 461,564 shares as the company’s stock declined 19.42% with the market. The hedge fund held 2.79 million shares of the energy company at the end of 2017Q4, valued at $14.25M, down from 3.26 million at the end of the previous reported quarter. Msdc Management Lp who had been investing in Blueknight Energy Partners L for a number of months, seems to be less bullish one the $178.60 million market cap company. The stock decreased 1.15% or $0.05 during the last trading session, reaching $4.3. About 13,466 shares traded. Blueknight Energy Partners, L.P. (NASDAQ:BKEP) has declined 38.97% since May 8, 2017 and is downtrending. It has underperformed by 50.52% the S&P500.

Since November 15, 2017, it had 1 insider purchase, and 3 selling transactions for $16.65 million activity. $15,142 worth of Blueknight Energy Partners, L.P. (NASDAQ:BKEP) was bought by LIGON DUKE R on Wednesday, November 15.

More news for Blueknight Energy Partners, L.P. (NASDAQ:BKEP) were recently published by: Businesswire.com, which released: “Blueknight Energy Partners, LP Announces Timing of First Quarter 2018 Financial Results and Conference Call” on May 02, 2018. Businesswire.com‘s article titled: “Blueknight Declares Quarterly Distributions” and published on April 23, 2018 is yet another important article.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.45, from 1.33 in 2017Q3. It worsened, as 7 investors sold BKEP shares while 9 reduced holdings. 8 funds opened positions while 6 raised stakes. 20.69 million shares or 3.14% less from 21.36 million shares in 2017Q3 were reported. Royal National Bank & Trust Of Canada stated it has 290,100 shares or 0% of all its holdings. Alexandria Cap Ltd, a Virginia-based fund reported 17,075 shares. Glenmede Na accumulated 42,618 shares. Cushing Asset Management Lp reported 0.33% stake. Wells Fargo & Mn invested in 18,024 shares. Yorkville Cap Ltd Liability Corporation invested in 0.21% or 33,370 shares. Bank Of America Corp De reported 1.23M shares stake. Goldman Sachs Grp Inc reported 26,798 shares or 0% of all its holdings. 2,309 are held by Manufacturers Life The. New York-based Renaissance Technologies Limited Company has invested 0% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). Spirit Of America New York invested in 252,655 shares or 0.14% of the stock. Brown Advisory has invested 0% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP). California Employees Retirement accumulated 89,764 shares. Geode Mngmt Lc reported 24,490 shares stake. Terril Brothers holds 0.09% in Blueknight Energy Partners, L.P. (NASDAQ:BKEP) or 55,900 shares.

Among 7 analysts covering Blueknight Energy (NASDAQ:BKEP), 4 have Buy rating, 1 Sell and 2 Hold. Therefore 57% are positive. Blueknight Energy had 15 analyst reports since August 11, 2015 according to SRatingsIntel. RBC Capital Markets maintained Blueknight Energy Partners, L.P. (NASDAQ:BKEP) on Friday, December 8 with “Hold” rating. The rating was downgraded by RBC Capital Markets to “Sector Perform” on Friday, November 6. The firm has “Underweight” rating given on Tuesday, August 11 by Barclays Capital. As per Friday, October 7, the company rating was initiated by DA Davidson. The rating was maintained by Stephens on Tuesday, March 13 with “Buy”. The company was upgraded on Friday, July 22 by Suntrust Robinson. The firm earned “Neutral” rating on Thursday, May 19 by Janney Capital. SunTrust upgraded the stock to “Buy” rating in Friday, July 22 report. On Tuesday, October 31 the stock rating was maintained by SunTrust with “Buy”. RBC Capital Markets maintained Blueknight Energy Partners, L.P. (NASDAQ:BKEP) rating on Sunday, July 30. RBC Capital Markets has “Hold” rating and $800 target.

Blueknight Energy Partners, L.P. (NASDAQ:BKEP) Ratings Chart

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