Shareholder Adelante Capital Management Has Boosted Equinix (EQIX) Stake; Barnett & Company Raised Its Holding in Bp Plc (BP) by $2.88 Million as Market Valuation Rose

June 19, 2018 - By Vivian Currie

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Adelante Capital Management Llc increased its stake in Equinix Inc. (EQIX) by 23.9% based on its latest 2018Q1 regulatory filing with the SEC. Adelante Capital Management Llc bought 46,630 shares as the company’s stock declined 1.56% with the market. The hedge fund held 241,760 shares of the consumer services company at the end of 2018Q1, valued at $101.09 million, up from 195,130 at the end of the previous reported quarter. Adelante Capital Management Llc who had been investing in Equinix Inc. for a number of months, seems to be bullish on the $31.88B market cap company. The stock decreased 0.12% or $0.47 during the last trading session, reaching $401.22. About 266,257 shares traded. Equinix, Inc. (NASDAQ:EQIX) has declined 12.79% since June 19, 2017 and is downtrending. It has underperformed by 25.36% the S&P500.

Barnett & Company Inc increased its stake in Bp Plc (BP) by 186.06% based on its latest 2018Q1 regulatory filing with the SEC. Barnett & Company Inc bought 72,115 shares as the company’s stock rose 10.08% while stock markets declined. The institutional investor held 110,875 shares of the integrated oil company at the end of 2018Q1, valued at $4.50 million, up from 38,760 at the end of the previous reported quarter. Barnett & Company Inc who had been investing in Bp Plc for a number of months, seems to be bullish on the $150.90B market cap company. The stock decreased 0.72% or $0.3255 during the last trading session, reaching $45.0245. About 2.89 million shares traded. BP p.l.c. (NYSE:BP) has risen 21.84% since June 19, 2017 and is uptrending. It has outperformed by 9.27% the S&P500. Some Historical BP News: 22/05/2018 – BP to Cut 3% of Upstream Jobs in Effort to Boost Efficiency; 26/04/2018 – BP Forms Golden Cross: Technicals; 19/04/2018 – GOLAR LNG – PRELIMINARY AGREEMENT ALSO INCLUDES AN OPTION, BUT NOT AN OBLIGATION, FOR BP ON A SECOND FLNG VESSEL; 29/04/2018 – WorleyParsons Says JV Wins Five-Year BP Contract on Khazzan Facility; 16/04/2018 – BP CAN MANAGE PORTFOLIO TO AVOID STRANDED ASSETS: CEO DUDLEY; 30/03/2018 – BP limits rise in chief ‘s pay to keep shareholders on board; 01/05/2018 – BP’S MACONDO PAYMENTS NEXT YEAR WILL BE AROUND $2 BILLION; 12/03/2018 – Yahoo! UK: BP Whiting refinery restarts blending oil unit; 14/03/2018 – Med Crude-Urals diffs unchanged, CPC Blend bid higher; 27/04/2018 – Weak sterling boosts FTSE 100 after sharp slowdown in UK GDP

Among 24 analysts covering Equinix (NASDAQ:EQIX), 23 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Equinix had 72 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Credit Suisse given on Thursday, November 2. Cowen & Co maintained Equinix, Inc. (NASDAQ:REIT) rating on Monday, October 23. Cowen & Co has “Buy” rating and $482.0 target. The firm has “Buy” rating by Citigroup given on Monday, March 13. The rating was maintained by Stifel Nicolaus on Thursday, August 3 with “Buy”. As per Friday, July 7, the company rating was maintained by RBC Capital Markets. Credit Suisse maintained the stock with “Outperform” rating in Friday, April 27 report. The stock has “Buy” rating by RBC Capital Markets on Wednesday, May 31. On Friday, February 19 the stock rating was upgraded by Cowen & Co to “Outperform”. As per Thursday, February 16, the company rating was maintained by Stifel Nicolaus. Oppenheimer maintained Equinix, Inc. (NASDAQ:REIT) on Thursday, November 2 with “Outperform” rating.

Adelante Capital Management Llc, which manages about $1.78B and $1.69B US Long portfolio, decreased its stake in National Retail Properties (NYSE:NNN) by 26,400 shares to 255,614 shares, valued at $10.04M in 2018Q1, according to the filing. It also reduced its holding in Kilroy Realty (NYSE:KRC) by 50,804 shares in the quarter, leaving it with 832,565 shares, and cut its stake in Digital Realty Trust (NYSE:DLR).

Since January 16, 2018, it had 0 insider buys, and 31 insider sales for $32.23 million activity. Shares for $2.19 million were sold by Schwartz Eric on Tuesday, January 16. 1,881 shares valued at $756,216 were sold by Meyers Charles J on Thursday, February 15. $296,712 worth of Equinix, Inc. (NASDAQ:REIT) was sold by VAN CAMP PETER. $46,115 worth of Equinix, Inc. (NASDAQ:REIT) was sold by Campbell Michael Earl on Thursday, March 1. $435,490 worth of stock was sold by STROHMEYER KARL on Tuesday, February 27. $2.07M worth of stock was sold by LYONS IRVING F III on Tuesday, March 6.

Investors sentiment decreased to 1.27 in Q1 2018. Its down 0.06, from 1.33 in 2017Q4. It is negative, as 49 investors sold EQIX shares while 162 reduced holdings. 77 funds opened positions while 192 raised stakes. 76.70 million shares or 3.56% more from 74.06 million shares in 2017Q4 were reported. Moreover, Dimensional Fund Advsr Ltd Partnership has 0.2% invested in Equinix, Inc. (NASDAQ:REIT). Girard Prtn Limited has 2,454 shares. Orrstown Service Incorporated invested 0.03% in Equinix, Inc. (NASDAQ:REIT). Jennison Associate Limited Liability Co accumulated 300,435 shares or 0.12% of the stock. Moreover, Shell Asset Management has 0.14% invested in Equinix, Inc. (NASDAQ:REIT) for 17,049 shares. Legal & General Grp Incorporated Pcl has invested 0.11% of its portfolio in Equinix, Inc. (NASDAQ:REIT). Tensile Mgmt Ltd has 102,387 shares for 6.42% of their portfolio. Checchi Advisers Ltd Liability Com holds 964 shares or 0.05% of its portfolio. Cleararc Cap holds 0.13% or 2,034 shares. Princeton Port Strategies Group Inc Ltd Co invested in 1.06% or 8,888 shares. 1832 Asset Mgmt Lp has 188,032 shares for 0.29% of their portfolio. Albion Fincl Grp Ut owns 1,243 shares or 0.08% of their US portfolio. Nomura holds 13,811 shares. Moreover, National Asset Inc has 0.09% invested in Equinix, Inc. (NASDAQ:REIT). Commonwealth Financial Bank Of invested 0.72% of its portfolio in Equinix, Inc. (NASDAQ:REIT).

More notable recent BP p.l.c. (NYSE:BP) news were published by: Fool.com which released: “Better Buy: ConocoPhillips vs. BP” on June 05, 2018, also Seekingalpha.com with their article: “3 JVs Between BP And Rosneft” published on May 23, 2018, Seekingalpha.com published: “BP: Q1 2018 Earnings Results Analysis” on May 30, 2018. More interesting news about BP p.l.c. (NYSE:BP) were released by: Seekingalpha.com and their article: “This 5.2%-Yielding Energy Company Is A Buy” published on June 15, 2018 as well as Nasdaq.com‘s news article titled: “Gevo, Inc. Stock Skyrockets Monday on EPA News” with publication date: June 19, 2018.

Barnett & Company Inc, which manages about $382.43 million and $195.01 million US Long portfolio, decreased its stake in Chicago Bridge & Iron Co N V (NYSE:CBI) by 23,050 shares to 78,935 shares, valued at $1.14 million in 2018Q1, according to the filing. It also reduced its holding in Kimberly Clark Corp (NYSE:KMB) by 2,762 shares in the quarter, leaving it with 4,824 shares, and cut its stake in Blackstone Group LP (NYSE:BX).

Among 30 analysts covering BP (NYSE:BP), 22 have Buy rating, 2 Sell and 6 Hold. Therefore 73% are positive. BP had 63 analyst reports since July 24, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Monday, September 18 by BMO Capital Markets. As per Monday, August 7, the company rating was upgraded by PiperJaffray. The firm has “Hold” rating by Cowen & Co given on Tuesday, October 24. UBS upgraded the shares of BP in report on Tuesday, September 8 to “Buy” rating. The stock has “Buy” rating by UBS on Wednesday, December 21. The stock of BP p.l.c. (NYSE:BP) earned “Reduce” rating by Kepler Cheuvreux on Friday, June 30. The rating was upgraded by Independent Research to “Buy” on Thursday, December 1. The rating was upgraded by Societe Generale to “Buy” on Monday, January 30. The rating was downgraded by Jefferies on Friday, September 11 to “Hold”. The company was maintained on Thursday, August 24 by Piper Jaffray.

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