Interocean Capital Lowered Its Mastercard Class A (MA) Holding by $13.77 Million as Stock Price Rose; Sp Plus Corp. (SP) Shareholder Rice Hall James & Associates Has Trimmed Stake by $465,010

June 14, 2018 - By Kurt Siggers

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Rice Hall James & Associates Llc decreased its stake in Sp Plus Corp. (SP) by 18.44% based on its latest 2018Q1 regulatory filing with the SEC. Rice Hall James & Associates Llc sold 13,286 shares as the company’s stock declined 1.10% with the market. The institutional investor held 58,762 shares of the rental and leasing company at the end of 2018Q1, valued at $2.09M, down from 72,048 at the end of the previous reported quarter. Rice Hall James & Associates Llc who had been investing in Sp Plus Corp. for a number of months, seems to be less bullish one the $847.48 million market cap company. The stock decreased 0.26% or $0.1 during the last trading session, reaching $37.95. About 41,160 shares traded. SP Plus Corporation (NASDAQ:SP) has risen 22.56% since June 14, 2017 and is uptrending. It has outperformed by 9.99% the S&P500.

Interocean Capital Llc decreased its stake in Mastercard Inc Class A (MA) by 77.79% based on its latest 2018Q1 regulatory filing with the SEC. Interocean Capital Llc sold 78,692 shares as the company’s stock rose 7.48% while stock markets declined. The hedge fund held 22,473 shares of the business services company at the end of 2018Q1, valued at $3.94 million, down from 101,165 at the end of the previous reported quarter. Interocean Capital Llc who had been investing in Mastercard Inc Class A for a number of months, seems to be less bullish one the $208.25B market cap company. The stock increased 0.04% or $0.07 during the last trading session, reaching $199.48. About 1.78 million shares traded. Mastercard Incorporated (NYSE:MA) has risen 56.80% since June 14, 2017 and is uptrending. It has outperformed by 44.23% the S&P500. Some Historical MA News: 21/03/2018 – IBM Watson, Mastercard, Walmart, CBS and PepsiCo Executives to Speak at the ARF’s CONSUMERxSClENCE; 02/05/2018 – MASTERCARD 1Q ADJ EPS $1.50, EST. $1.24; 04/04/2018 – Barclays Launches Premier Global Travel Card That Rewards Cardmember Loyalty: Barclays Arrival® Premier World Elite Mastercard; 02/05/2018 – Mastercard 1Q Rev $3.6B; 21/05/2018 – Crypto Company Launches App Aimed to Replace Visa Mastercard Payments; 01/05/2018 – Mastercard Pioneers Remote Biometric Card Enrollment; 02/05/2018 – Mastercard’s Revenue Boosted by Increased Consumer Spending–3rd Update; 02/05/2018 – MASTERCARD 1Q EPS $1.41; 05/04/2018 – MASTERCARD INC – CARLO ENRICO TO LEAD LATIN AMERICA AND CARIBBEAN REGION; 05/04/2018 – Mastercard Names Cairns Vice Chairman After International Role

Analysts await Mastercard Incorporated (NYSE:MA) to report earnings on July, 26. They expect $1.54 EPS, up 40.00% or $0.44 from last year’s $1.1 per share. MA’s profit will be $1.61 billion for 32.38 P/E if the $1.54 EPS becomes a reality. After $1.50 actual EPS reported by Mastercard Incorporated for the previous quarter, Wall Street now forecasts 2.67% EPS growth.

More notable recent Mastercard Incorporated (NYSE:MA) news were published by: Streetinsider.com which released: “First Data (FDC) Announces Collaboration with Mastercard (MA) to Provide Digital Disbursements to Clients” on June 13, 2018, also Seekingalpha.com with their article: “Mastercard – Priceless” published on May 29, 2018, Seekingalpha.com published: “Mastercard: Is It Overvalued?” on May 16, 2018. More interesting news about Mastercard Incorporated (NYSE:MA) were released by: Seekingalpha.com and their article: “Mastercard, Inc. (MA) Management Presents at William Blair Growth Stock Brokers Conference (Transcript)” published on June 13, 2018 as well as Seekingalpha.com‘s news article titled: “Why I Would Still Choose Mastercard Over Visa” with publication date: May 28, 2018.

Among 40 analysts covering Mastercard Incorporated (NYSE:MA), 35 have Buy rating, 0 Sell and 5 Hold. Therefore 88% are positive. Mastercard Incorporated had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Mastercard Incorporated (NYSE:MA) has “Buy” rating given on Monday, December 11 by Bernstein. The rating was maintained by Wedbush on Friday, April 29 with “Neutral”. The rating was maintained by Piper Jaffray on Thursday, July 27 with “Buy”. Stifel Nicolaus maintained Mastercard Incorporated (NYSE:MA) rating on Monday, October 31. Stifel Nicolaus has “Buy” rating and $116 target. The firm has “Buy” rating given on Monday, September 7 by Evercore. The firm has “Buy” rating by Tigress Financial given on Monday, November 13. The rating was maintained by RBC Capital Markets with “Buy” on Tuesday, August 29. Oppenheimer maintained Mastercard Incorporated (NYSE:MA) rating on Wednesday, April 18. Oppenheimer has “Buy” rating and $18700 target. As per Thursday, February 1, the company rating was maintained by BMO Capital Markets. The stock of Mastercard Incorporated (NYSE:MA) earned “Overweight” rating by Piper Jaffray on Thursday, December 31.

Investors sentiment decreased to 0.86 in Q1 2018. Its down 0.05, from 0.91 in 2017Q4. It dived, as 47 investors sold MA shares while 533 reduced holdings. 121 funds opened positions while 378 raised stakes. 750.68 million shares or 1.84% less from 764.78 million shares in 2017Q4 were reported. Gardner Russo And Gardner Lc owns 8.95M shares for 10.93% of their portfolio. Greystone Mngmt Limited Liability holds 2.22% of its portfolio in Mastercard Incorporated (NYSE:MA) for 27,318 shares. Suncoast Equity Mgmt, Florida-based fund reported 103,100 shares. Assetmark Inc owns 29,382 shares. Glenmede Na reported 1.09 million shares. Catawba Management Va invested in 38,857 shares. 7,274 are held by Beacon. Schwab Charles Invest Management holds 0.45% or 3.29M shares. Beck Mgmt Llc holds 2,990 shares. Lockheed Martin Investment Mngmt Company reported 0.04% of its portfolio in Mastercard Incorporated (NYSE:MA). Great Lakes Advisors Lc holds 0.04% or 9,693 shares. B T Capital Mngmt Dba Alpha Capital Mngmt, Texas-based fund reported 10,035 shares. New York-based Element Mgmt Ltd Limited Liability Company has invested 0.01% in Mastercard Incorporated (NYSE:MA). Eagle Ridge Management invested in 86,051 shares or 2.33% of the stock. Dana Investment Advisors accumulated 183,561 shares or 1.45% of the stock.

Since January 2, 2018, it had 0 insider purchases, and 8 insider sales for $59.23 million activity. 30,628 shares were sold by Murphy Timothy H, worth $5.53M. Fraccaro Michael sold 3,993 shares worth $692,252. Vosburg Craig sold 17,496 shares worth $3.25 million. The insider BANGA AJAY sold 239,020 shares worth $44.45 million. $1.09M worth of Mastercard Incorporated (NYSE:MA) was sold by CARLUCCI DAVID R. Haythornthwaite Richard sold 5,000 shares worth $866,104.

Interocean Capital Llc, which manages about $885.53 million and $753.05 million US Long portfolio, upped its stake in Select Str Financial Select Sp (XLF) by 11,336 shares to 126,405 shares, valued at $3.49M in 2018Q1, according to the filing. It also increased its holding in Alphabet Inc. Class C by 2,368 shares in the quarter, for a total of 24,558 shares, and has risen its stake in Occidental Petrol Co (NYSE:OXY).

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.47, from 1.34 in 2017Q4. It is negative, as 20 investors sold SP shares while 63 reduced holdings. 19 funds opened positions while 53 raised stakes. 21.61 million shares or 1.00% more from 21.39 million shares in 2017Q4 were reported. First LP reported 21,786 shares. Peak6 Invs Ltd Partnership accumulated 0% or 1,813 shares. Eagle Boston Inv owns 308,844 shares. Moreover, Commercial Bank Of Mellon has 0% invested in SP Plus Corporation (NASDAQ:SP) for 130,548 shares. Amer Century Inc reported 109,167 shares stake. Systematic Finance Mgmt LP holds 0.03% of its portfolio in SP Plus Corporation (NASDAQ:SP) for 37,425 shares. Manufacturers Life Insur The invested in 13,159 shares or 0% of the stock. P2 Cap Prtnrs Limited reported 3.88% in SP Plus Corporation (NASDAQ:SP). Art Advisors Limited Liability Corporation has invested 0.04% in SP Plus Corporation (NASDAQ:SP). The Illinois-based Chicago Equity Ptnrs Ltd Co has invested 0.08% in SP Plus Corporation (NASDAQ:SP). Aristotle Capital Boston Ltd Llc has 401,757 shares for 0.67% of their portfolio. Parallax Volatility Advisers LP invested in 27,345 shares or 0% of the stock. Wellington Mgmt Gru Limited Liability Partnership reported 1.37 million shares or 0.01% of all its holdings. D E Shaw & stated it has 115,062 shares or 0.01% of all its holdings. Alphaone Investment Serv Ltd Llc stated it has 1.06% in SP Plus Corporation (NASDAQ:SP).

Analysts await SP Plus Corporation (NASDAQ:SP) to report earnings on August, 7. They expect $0.68 earnings per share, up 28.30% or $0.15 from last year’s $0.53 per share. SP’s profit will be $15.19M for 13.95 P/E if the $0.68 EPS becomes a reality. After $0.39 actual earnings per share reported by SP Plus Corporation for the previous quarter, Wall Street now forecasts 74.36% EPS growth.

Rice Hall James & Associates Llc, which manages about $1.51B and $2.56B US Long portfolio, upped its stake in Arris International Plc by 35,269 shares to 102,985 shares, valued at $2.74M in 2018Q1, according to the filing. It also increased its holding in Trade Desk Inc. by 195,869 shares in the quarter, for a total of 223,285 shares, and has risen its stake in Nuvasive Inc. (NASDAQ:NUVA).

Mastercard Incorporated (NYSE:MA) Institutional Positions Chart

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