Koch Industries Has Cut Zions Bancorporation (ZION) Holding by $471,900; Genesee & Wyo (GWR) Market Value Declined While Cushing Asset Management LP Lowered Stake

April 24, 2018 - By Linda Rogers

Genesee & Wyoming Inc. (NYSE:GWR) Logo

Cushing Asset Management Lp decreased its stake in Genesee & Wyo Inc (GWR) by 50.67% based on its latest 2017Q4 regulatory filing with the SEC. Cushing Asset Management Lp sold 43,927 shares as the company’s stock declined 9.03% with the market. The hedge fund held 42,768 shares of the transportation company at the end of 2017Q4, valued at $3.37M, down from 86,695 at the end of the previous reported quarter. Cushing Asset Management Lp who had been investing in Genesee & Wyo Inc for a number of months, seems to be less bullish one the $4.36B market cap company. The stock decreased 1.41% or $1.005 during the last trading session, reaching $70.435. About 386,973 shares traded. Genesee & Wyoming Inc. (NYSE:GWR) has risen 8.57% since April 24, 2017 and is uptrending. It has underperformed by 2.98% the S&P500.

Koch Industries Inc decreased its stake in Zions Bancorporation (ZION) by 48.81% based on its latest 2017Q4 regulatory filing with the SEC. Koch Industries Inc sold 9,438 shares as the company’s stock rose 1.34% while stock markets declined. The institutional investor held 9,899 shares of the major banks company at the end of 2017Q4, valued at $503,000, down from 19,337 at the end of the previous reported quarter. Koch Industries Inc who had been investing in Zions Bancorporation for a number of months, seems to be less bullish one the $10.84 billion market cap company. The stock increased 1.38% or $0.75 during the last trading session, reaching $55.01. About 3.76 million shares traded or 47.75% up from the average. Zions Bancorporation (NASDAQ:ZION) has risen 27.56% since April 24, 2017 and is uptrending. It has outperformed by 16.01% the S&P500.

Among 31 analysts covering Zions Bancorporation (NASDAQ:ZION), 19 have Buy rating, 1 Sell and 11 Hold. Therefore 61% are positive. Zions Bancorporation had 133 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, January 29 by Compass Point. The firm earned “Hold” rating on Tuesday, October 3 by BMO Capital Markets. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, October 3 report. The firm has “Hold” rating by Piper Jaffray given on Tuesday, July 25. The firm has “Buy” rating by Jefferies given on Friday, September 15. Vining Sparks upgraded Zions Bancorporation (NASDAQ:ZION) on Friday, April 6 to “Buy” rating. SunTrust maintained Zions Bancorporation (NASDAQ:ZION) rating on Tuesday, October 24. SunTrust has “Buy” rating and $53.0 target. The rating was maintained by Jefferies with “Hold” on Wednesday, July 27. The firm has “Mkt Perform” rating given on Thursday, February 2 by JMP Securities. The stock of Zions Bancorporation (NASDAQ:ZION) earned “Outperform” rating by Wood on Wednesday, December 13.

Since December 8, 2017, it had 0 insider purchases, and 12 sales for $4.31 million activity. $387,649 worth of Zions Bancorporation (NASDAQ:ZION) was sold by Hume Alexander. Shares for $81,375 were sold by James Dianne R on Wednesday, February 14. On Tuesday, February 13 Linderman LeeAnne B sold $159,120 worth of Zions Bancorporation (NASDAQ:ZION) or 3,060 shares. Shares for $1.76M were sold by MCLEAN SCOTT J on Friday, February 23. Shares for $260,550 were sold by ALEXANDER BRUCE K. STEPHENS STEVEN DAN also sold $389,577 worth of Zions Bancorporation (NASDAQ:ZION) on Monday, February 26.

Koch Industries Inc, which manages about $684.18M US Long portfolio, upped its stake in Pnc Finl Svcs Group Inc (NYSE:PNC) by 3,970 shares to 9,468 shares, valued at $1.37M in 2017Q4, according to the filing. It also increased its holding in Barrick Gold Corp (NYSE:ABX) by 26,506 shares in the quarter, for a total of 48,495 shares, and has risen its stake in Magna Intl Inc (NYSE:MGA).

Investors sentiment increased to 1.07 in 2017 Q4. Its up 0.02, from 1.05 in 2017Q3. It increased, as 38 investors sold ZION shares while 138 reduced holdings. 67 funds opened positions while 122 raised stakes. 181.93 million shares or 0.36% more from 181.27 million shares in 2017Q3 were reported. Bluemar Capital Ltd Co reported 2.05% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Credit Suisse Ag, Switzerland-based fund reported 261,846 shares. 535 were reported by Frontier Management Ltd Llc. 121,400 are owned by Korea Inv. Basswood Capital Management Limited Liability holds 311,022 shares. San Francisco Sentry Grp (Ca), a California-based fund reported 563 shares. Baystate Wealth Management Ltd Limited Liability Company holds 0.01% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 831 shares. Moreover, Sg Americas Ltd Liability has 0.02% invested in Zions Bancorporation (NASDAQ:ZION). Exxonmobil Invest Management Tx reported 31,760 shares or 0.04% of all its holdings. 42,924 were reported by Cibc Asset Mngmt Incorporated. Keybank Natl Association Oh has invested 0.08% in Zions Bancorporation (NASDAQ:ZION). Raymond James Assoc has invested 0.01% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Pittenger And Anderson, Nebraska-based fund reported 200 shares. Riverhead Cap Management Ltd has invested 0.5% in Zions Bancorporation (NASDAQ:ZION). Northwestern Mutual Wealth Mgmt invested in 0% or 1,800 shares.

Analysts await Genesee & Wyoming Inc. (NYSE:GWR) to report earnings on May, 1 before the open. They expect $0.74 earnings per share, up 39.62% or $0.21 from last year’s $0.53 per share. GWR’s profit will be $45.83M for 23.80 P/E if the $0.74 EPS becomes a reality. After $0.77 actual earnings per share reported by Genesee & Wyoming Inc. for the previous quarter, Wall Street now forecasts -3.90% negative EPS growth.

Investors sentiment increased to 1.4 in Q4 2017. Its up 0.33, from 1.07 in 2017Q3. It is positive, as 28 investors sold GWR shares while 70 reduced holdings. 43 funds opened positions while 94 raised stakes. 57.56 million shares or 2.30% less from 58.92 million shares in 2017Q3 were reported. Benjamin F Edwards stated it has 5,255 shares or 0.04% of all its holdings. Palisade Cap Ltd Company Nj reported 557,234 shares. Pinebridge Invests LP has invested 0% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR). Df Dent Co owns 680,590 shares or 1.35% of their US portfolio. Oregon Pub Employees Retirement Fund owns 0.03% invested in Genesee & Wyoming Inc. (NYSE:GWR) for 22,681 shares. Renaissance Limited reported 26,550 shares stake. Ack Asset Management Lc accumulated 295,000 shares. Shelton Capital Mgmt stated it has 4,903 shares. Pub Employees Retirement System Of Ohio holds 0.01% in Genesee & Wyoming Inc. (NYSE:GWR) or 27,426 shares. Tocqueville Asset Mngmt LP has 3,350 shares. Aristotle Cap Boston Lc reported 217,058 shares. Amp Investors Ltd invested in 0.03% or 63,220 shares. 88,448 were reported by Credit Suisse Ag. Sg Americas Limited Liability Co reported 19,781 shares. Wells Fargo And Com Mn reported 543,142 shares.

Among 14 analysts covering Genesee & Wyoming Inc. (NYSE:GWR), 8 have Buy rating, 0 Sell and 6 Hold. Therefore 57% are positive. Genesee & Wyoming Inc. had 45 analyst reports since August 5, 2015 according to SRatingsIntel. Cowen & Co maintained Genesee & Wyoming Inc. (NYSE:GWR) rating on Wednesday, November 2. Cowen & Co has “Outperform” rating and $72 target. Bank of America upgraded it to “Neutral” rating and $60 target in Monday, February 22 report. The rating was maintained by Cowen & Co with “Outperform” on Friday, October 21. The rating was initiated by Goldman Sachs on Tuesday, April 10 with “Hold”. The company was maintained on Tuesday, October 31 by Stifel Nicolaus. The firm has “Buy” rating given on Friday, November 10 by Bank of America. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, August 4. The stock of Genesee & Wyoming Inc. (NYSE:GWR) earned “Outperform” rating by Stephens on Monday, December 14. Cowen & Co maintained Genesee & Wyoming Inc. (NYSE:GWR) on Friday, September 29 with “Buy” rating. The firm has “Buy” rating given on Monday, July 10 by Cowen & Co.

Cushing Asset Management Lp, which manages about $4.99 billion and $3.31 billion US Long portfolio, upped its stake in Trinity Inds Inc (NYSE:TRN) by 36,550 shares to 97,086 shares, valued at $3.64 million in 2017Q4, according to the filing. It also increased its holding in Enlink Midstream Llc (NYSE:ENLC) by 161,196 shares in the quarter, for a total of 2.05M shares, and has risen its stake in Williams Partners LP New (ACMP).

Genesee & Wyoming Inc. (NYSE:GWR) Institutional Positions Chart

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