Timucuan Asset Management Position in Dollar General (DG) Cut by $24.26 Million as Stock Value Declined; Apollo Global Mgmt (APO) Shareholder Sei Investments Company Has Decreased Its Holding

February 15, 2018 - By Marguerite Chambers

Timucuan Asset Management Inc decreased its stake in Dollar General Corporation (DG) by 19.89% based on its latest 2017Q3 regulatory filing with the SEC. Timucuan Asset Management Inc sold 299,549 shares as the company’s stock declined 7.36% while stock markets rallied. The hedge fund held 1.21 million shares of the department and specialty retail stores company at the end of 2017Q3, valued at $97.76M, down from 1.51M at the end of the previous reported quarter. Timucuan Asset Management Inc who had been investing in Dollar General Corporation for a number of months, seems to be less bullish one the $26.35B market cap company. The stock increased 0.37% or $0.36 during the last trading session, reaching $97.03. About 899,741 shares traded. Dollar General Corporation (NYSE:DG) has declined 12.26% since February 15, 2017 and is downtrending. It has underperformed by 28.96% the S&P500.

Sei Investments Company decreased its stake in Apollo Global Mgmt Llc (APO) by 11.73% based on its latest 2017Q3 regulatory filing with the SEC. Sei Investments Company sold 19,934 shares as the company’s stock rose 18.10% with the market. The institutional investor held 150,066 shares of the finance company at the end of 2017Q3, valued at $4.52 million, down from 170,000 at the end of the previous reported quarter. Sei Investments Company who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be less bullish one the $14.07B market cap company. The stock increased 0.29% or $0.1 during the last trading session, reaching $34.38. About 796,794 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 63.33% since February 15, 2017 and is uptrending. It has outperformed by 46.63% the S&P500.

Sei Investments Company, which manages about $28.13B US Long portfolio, upped its stake in Propetro Hldg Corp by 642,039 shares to 642,044 shares, valued at $9.21M in 2017Q3, according to the filing. It also increased its holding in Ppl Corp (NYSE:PPL) by 48,679 shares in the quarter, for a total of 201,637 shares, and has risen its stake in Zendesk Inc (NYSE:ZEN).

Among 16 analysts covering Apollo Global Management (NYSE:APO), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Apollo Global Management had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer on Tuesday, June 27 with “Buy”. The rating was maintained by Jefferies with “Buy” on Monday, September 25. The stock has “Buy” rating by Citigroup on Thursday, November 2. Argus Research maintained the stock with “Buy” rating in Thursday, July 30 report. On Tuesday, December 8 the stock rating was downgraded by Bank of America to “Neutral”. As per Monday, November 2, the company rating was maintained by JP Morgan. Jefferies initiated the stock with “Hold” rating in Thursday, December 10 report. As per Thursday, November 2, the company rating was maintained by Jefferies. The firm has “Buy” rating given on Thursday, February 1 by Keefe Bruyette & Woods. Morgan Stanley maintained Apollo Global Management, LLC (NYSE:APO) rating on Tuesday, August 8. Morgan Stanley has “Equal-Weight” rating and $28 target.

Investors sentiment decreased to 1.22 in 2017 Q3. Its down 0.13, from 1.35 in 2017Q2. It dived, as 18 investors sold APO shares while 54 reduced holdings. 31 funds opened positions while 57 raised stakes. 133.81 million shares or 1.40% less from 135.71 million shares in 2017Q2 were reported. First Midwest Fincl Bank Trust Division has invested 0.03% in Apollo Global Management, LLC (NYSE:APO). Advisory Net Ltd Liability Corp stated it has 0.03% in Apollo Global Management, LLC (NYSE:APO). The Oklahoma-based Pinnacle Limited Company has invested 0.01% in Apollo Global Management, LLC (NYSE:APO). Stifel has invested 0% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Brown Advisory Inc reported 0.03% stake. Huntington Bank & Trust owns 3,000 shares. 38,000 are owned by Wall Street Access Asset Lc. Pennsylvania-based Janney Montgomery Scott Ltd Limited Liability Company has invested 0% in Apollo Global Management, LLC (NYSE:APO). Bancorp Of Ny Mellon accumulated 0% or 10,576 shares. Cetera Advisor Ltd Llc holds 0.04% or 25,971 shares. The New York-based Bnp Paribas Arbitrage Sa has invested 0.01% in Apollo Global Management, LLC (NYSE:APO). Sol Cap Mngmt Communication has 0.38% invested in Apollo Global Management, LLC (NYSE:APO) for 44,350 shares. Deutsche State Bank Ag holds 0.05% or 2.39M shares. Thornburg Invest Management holds 1.00M shares or 0.22% of its portfolio. Hmi Ltd Liability Corp reported 4.05 million shares.

Since September 12, 2017, it had 0 buys, and 5 insider sales for $3.04 million activity. 7,536 Dollar General Corporation (NYSE:DG) shares with value of $683,092 were sold by Kindy Michael J. Shares for $1.06 million were sold by Ravener Robert D on Tuesday, December 12. 2,711 shares valued at $251,895 were sold by TAYLOR RHONDA on Tuesday, December 12.

Analysts await Dollar General Corporation (NYSE:DG) to report earnings on March, 15. They expect $1.45 earnings per share, down 2.68% or $0.04 from last year’s $1.49 per share. DG’s profit will be $393.77M for 16.73 P/E if the $1.45 EPS becomes a reality. After $0.98 actual earnings per share reported by Dollar General Corporation for the previous quarter, Wall Street now forecasts 47.96% EPS growth.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.07, from 0.98 in 2017Q2. It dived, as 58 investors sold DG shares while 187 reduced holdings. 56 funds opened positions while 167 raised stakes. 237.14 million shares or 1.40% less from 240.50 million shares in 2017Q2 were reported. 70,900 are held by Quantitative Investment Management Ltd Limited Liability Company. San Francisco Sentry Invest (Ca) invested in 1,480 shares or 0.04% of the stock. 93,971 are owned by Amp Capital Invsts Ltd. Next Fincl Group Incorporated invested 0.01% of its portfolio in Dollar General Corporation (NYSE:DG). Foster Motley, a Ohio-based fund reported 4,392 shares. Kentucky Retirement holds 15,491 shares or 0.09% of its portfolio. Tiaa Cref Invest Management Ltd Liability Corp reported 0.08% stake. Wisconsin-based Mason Street Advisors Limited Liability has invested 0.07% in Dollar General Corporation (NYSE:DG). Brown Advisory Securities Lc has 0.05% invested in Dollar General Corporation (NYSE:DG) for 2,884 shares. Asset Management One Ltd invested 0.08% in Dollar General Corporation (NYSE:DG). Psagot Invest House Limited has invested 0.1% in Dollar General Corporation (NYSE:DG). Liberty Mutual Group Asset Mngmt Inc, Massachusetts-based fund reported 10,216 shares. Oregon Pub Employees Retirement Fund has 64,629 shares for 0.08% of their portfolio. Renaissance Gru Limited holds 1.09% in Dollar General Corporation (NYSE:DG) or 393,337 shares. Neuberger Berman Gp Lc holds 3,914 shares or 0% of its portfolio.

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