Sirius Xm Hldgs (SIRI) Holder Brahman Capital Has Lowered Its Stake by $102.31 Million; Encana (ECA) Shareholder Concourse Capital Management Has Upped Stake by $783,750 as Market Valuation Rose

June 14, 2018 - By Vivian Currie

Encana Corporation (NYSE:ECA) Logo

Peter Adam Hochfelder decreased its stake in Sirius Xm Hldgs Inc (SIRI) by 36.7% based on its latest 2018Q1 regulatory filing with the SEC. Brahman Capital Corp sold 17.05 million shares as the company’s stock rose 9.79% while stock markets declined. The hedge fund run by Peter Adam Hochfelder held 29.42M shares of the broadcasting company at the end of 2018Q1, valued at $183.56M, down from 46.47 million at the end of the previous reported quarter. Brahman Capital Corp who had been investing in Sirius Xm Hldgs Inc for a number of months, seems to be less bullish one the $33.03 billion market cap company. The stock increased 0.89% or $0.065 during the last trading session, reaching $7.375. About 9.37 million shares traded. Sirius XM Holdings Inc. (NASDAQ:SIRI) has risen 35.74% since June 14, 2017 and is uptrending. It has outperformed by 23.17% the S&P500. Some Historical SIRI News: 08/05/2018 – ÅAC MICROTEC WINS FOLLOW-ON SIRIUS AVIONICS ORDER FROM JAPAN; 19/03/2018 – HYUNDAI MOTOR AMERICA & SIRIUSXM AGREE TO FIVE-YEAR EXTENSION; 26/04/2018 – LIBERTY SIRIUSXM LSXMA.O : DEUTSCHE BANK RAISES TARGET PRICE TO $60 FROM $58; 19/03/2018 – Sirius XM: Introductory SiriusXM All Access Subscription to Come with Purchase of Equipped Vehicles Through the 2022 Model Yr; 09/05/2018 – Liberty Media Sirius XM Reiterated Fincl and Subscriber Guidance for 2018; 22/03/2018 – SiriusXM and CDK Enhance Connected Car Solutions and Capabilities for Car Dealers Nationwide; 09/05/2018 – Liberty Media Sirius XM 1Q Net $289M; 29/03/2018 – STRABAG GETS TUNNELLING CONTRACT FOR SIRIUS MINERA; 09/03/2018 – Investors Chronicle: Sirius Minerals, Pure Circle, Just Eat; 11/04/2018 – “Coachella Radio” Channel to Launch Exclusively on SiriusXM in Advance of Coachella Valley Music and Arts Festival

Concourse Capital Management Llc increased its stake in Encana Corp (ECA) by 31.87% based on its latest 2018Q1 regulatory filing with the SEC. Concourse Capital Management Llc bought 78,375 shares as the company’s stock rose 13.77% while stock markets declined. The hedge fund held 324,282 shares of the oil & gas production company at the end of 2018Q1, valued at $3.57 million, up from 245,907 at the end of the previous reported quarter. Concourse Capital Management Llc who had been investing in Encana Corp for a number of months, seems to be bullish on the $12.20B market cap company. The stock decreased 0.86% or $0.11 during the last trading session, reaching $12.675. About 4.27 million shares traded. Encana Corporation (NYSE:ECA) has risen 18.91% since June 14, 2017 and is uptrending. It has outperformed by 6.34% the S&P500. Some Historical ECA News: 02/04/2018 – Keyera in Montney Infrastructure Development Pact With Encana; 13/04/2018 – ENCANA CORP ECA.N : CREDIT SUISSE RAISES TARGET PRICE TO $17 FROM $15; 01/05/2018 – ENCANA CONCLUDES FIRST-QUARTER CONFERENCE CALL; 25/04/2018 – S&P REVISES ENCANA CORP. TO RATING ‘BBB-‘ FROM ‘BBB’; 26/03/2018 – MOODY’S UPGRADES ENCANA TO Ba1 FROM Ba2; OUTLOOK STABLE; 25/04/2018 – S&PGR Downgrades Encana Corp To ‘BBB-‘ From ‘BBB’; Otlk Stbl; 01/05/2018 – Encana 1Q Net $151M; 02/04/2018 – ENCANA SEES SALES PROCEEDS ABOUT C$39M; 29/03/2018 – ENCANA CORP SAYS ON MARCH 28, ENTERED INTO A FIRST AMENDING AGREEMENT, TO ITS RESTATED CREDIT AGREEMENT, DATED AS OF JULY 16, 2015 – SEC FILING; 02/04/2018 – ENCANA SAYS KEYERA TO BUY PIPESTONE PROJECT

More notable recent Sirius XM Holdings Inc. (NASDAQ:SIRI) news were published by: 247Wallst.com which released: “The 6 Most Shorted Nasdaq Stocks” on June 12, 2018, also Seekingalpha.com with their article: “Wall Street Breakfast: Futures Shrug Off Trump-Kim Summit” published on June 12, 2018, Seekingalpha.com published: “Sirius XM Holdings’ (SIRI) Presents at JPMorgan Global Technology, Media and Communications Broker Conference …” on May 16, 2018. More interesting news about Sirius XM Holdings Inc. (NASDAQ:SIRI) were released by: Fool.com and their article: “Could Sirius XM Holdings Inc. Be a Millionaire-Maker Stock?” published on May 21, 2018 as well as Fool.com‘s news article titled: “Can Sirius XM Stock Keep Hitting 12-Year Highs?” with publication date: May 24, 2018.

Investors sentiment decreased to 0.84 in Q1 2018. Its down 0.34, from 1.18 in 2017Q4. It dropped, as 51 investors sold SIRI shares while 131 reduced holdings. 50 funds opened positions while 102 raised stakes. 811.44 million shares or 4.58% less from 850.39 million shares in 2017Q4 were reported. Farmers & Merchants invested 0% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Qci Asset Mgmt Inc has 900 shares for 0% of their portfolio. Northwestern Mutual Wealth holds 0.01% or 158,537 shares in its portfolio. Bluecrest Cap Management Limited has 0.09% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI) for 477,956 shares. Meiji Yasuda Asset Management holds 0.01% in Sirius XM Holdings Inc. (NASDAQ:SIRI) or 22,075 shares. New South Capital Mngmt Incorporated holds 2.66% or 17.03M shares in its portfolio. Rhumbline Advisers owns 1.96 million shares for 0.03% of their portfolio. Carroll Fincl Associate Incorporated holds 240 shares. Profund Advsr Llc has invested 0.07% of its portfolio in Sirius XM Holdings Inc. (NASDAQ:SIRI). Enterprise Finance Ser Corp, a Missouri-based fund reported 4,348 shares. Central State Bank has 3,700 shares. Schroder Inv Mngmt has 0.02% invested in Sirius XM Holdings Inc. (NASDAQ:SIRI). Berkshire Hathaway Inc has invested 0.46% in Sirius XM Holdings Inc. (NASDAQ:SIRI). Walleye Trading holds 479,039 shares. Riggs Asset Managment accumulated 100 shares.

Analysts await Sirius XM Holdings Inc. (NASDAQ:SIRI) to report earnings on July, 26. They expect $0.06 earnings per share, up 50.00% or $0.02 from last year’s $0.04 per share. SIRI’s profit will be $268.73M for 30.73 P/E if the $0.06 EPS becomes a reality. After $0.06 actual earnings per share reported by Sirius XM Holdings Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 17 analysts covering Sirius XM Holdings (NASDAQ:SIRI), 7 have Buy rating, 2 Sell and 8 Hold. Therefore 41% are positive. Sirius XM Holdings had 47 analyst reports since July 29, 2015 according to SRatingsIntel. RBC Capital Markets maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) rating on Thursday, April 26. RBC Capital Markets has “Hold” rating and $700 target. On Friday, September 18 the stock rating was initiated by Gabelli with “Buy”. The firm earned “Hold” rating on Friday, August 25 by KeyBanc Capital Markets. The firm has “Neutral” rating given on Thursday, March 22 by Citigroup. The firm earned “Overweight” rating on Friday, August 14 by Barclays Capital. The rating was downgraded by JP Morgan to “Underweight” on Tuesday, January 2. The rating was maintained by Macquarie Research on Thursday, July 27 with “Buy”. Bank of America maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) on Wednesday, June 14 with “Buy” rating. Piper Jaffray maintained it with “Buy” rating and $6.5000 target in Thursday, July 27 report. Telsey Advisory Group maintained Sirius XM Holdings Inc. (NASDAQ:SIRI) rating on Friday, February 3. Telsey Advisory Group has “Market Perform” rating and $5 target.

Concourse Capital Management Llc, which manages about $220.65M and $154.94 million US Long portfolio, decreased its stake in Bank Amer Corp by 23,940 shares to 406,163 shares, valued at $7.38M in 2018Q1, according to the filing. It also reduced its holding in Powershares Qqq Trust (Call) (QQQ) by 32,600 shares in the quarter, leaving it with 25,000 shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

Among 29 analysts covering Encana Corporation (NYSE:ECA), 26 have Buy rating, 1 Sell and 2 Hold. Therefore 90% are positive. Encana Corporation had 131 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Wednesday, September 27. The stock of Encana Corporation (NYSE:ECA) earned “Buy” rating by Canaccord Genuity on Tuesday, June 20. The company was downgraded on Friday, April 15 by Evercore. Altacorp maintained it with “Buy” rating and $1300 target in Sunday, July 23 report. The rating was reinitiated by Credit Suisse with “Outperform” on Thursday, October 6. Deutsche Bank maintained the stock with “Buy” rating in Thursday, January 21 report. The stock of Encana Corporation (NYSE:ECA) has “Buy” rating given on Monday, October 10 by . GMP Securities maintained Encana Corporation (NYSE:ECA) rating on Thursday, November 9. GMP Securities has “Buy” rating and $16.0 target. Canaccord Genuity maintained the shares of ECA in report on Tuesday, October 3 with “Buy” rating. The rating was upgraded by RBC Capital Markets to “Outperform” on Friday, November 4.

Sirius XM Holdings Inc. (NASDAQ:SIRI) Ratings Chart

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