Western Gas Partners, LP (WES) Reaches $47.37 After 6.00% Up Move; Quinn Opportunity Partners Has Decreased Its Rite Aid (RAD) Stake

April 23, 2018 - By Michael Collier

Western Gas Partners, LP (NYSE:WES) Logo

Quinn Opportunity Partners Llc decreased Rite Aid Corp (RAD) stake by 94.11% reported in 2017Q4 SEC filing. Quinn Opportunity Partners Llc sold 1.33M shares as Rite Aid Corp (RAD)’s stock declined 26.37%. The Quinn Opportunity Partners Llc holds 83,500 shares with $164,000 value, down from 1.42 million last quarter. Rite Aid Corp now has $1.67 billion valuation. The stock decreased 0.63% or $0.01 during the last trading session, reaching $1.57. About 4.84 million shares traded. Rite Aid Corporation (NYSE:RAD) has declined 67.83% since April 23, 2017 and is downtrending. It has underperformed by 79.38% the S&P500.

The stock of Western Gas Partners, LP (NYSE:WES) is a huge mover today! The stock increased 2.24% or $1.04 during the last trading session, reaching $47.37. About 167,480 shares traded. Western Gas Partners, LP (NYSE:WES) has declined 29.39% since April 23, 2017 and is downtrending. It has underperformed by 40.94% the S&P500.The move comes after 9 months positive chart setup for the $7.35B company. It was reported on Apr, 23 by Barchart.com. We have $50.21 PT which if reached, will make NYSE:WES worth $441.06M more.

Investors sentiment decreased to 0.87 in Q4 2017. Its down 0.10, from 0.97 in 2017Q3. It worsened, as 41 investors sold RAD shares while 86 reduced holdings. 45 funds opened positions while 66 raised stakes. 490.70 million shares or 4.42% less from 513.41 million shares in 2017Q3 were reported. Price T Rowe Md reported 782,971 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Inv Mngmt reported 16.46 million shares. Element Capital Mngmt Limited Liability Company owns 3.64 million shares. Moreover, Wolverine Asset Mgmt Llc has 0.01% invested in Rite Aid Corporation (NYSE:RAD). Apg Asset Mgmt Nv holds 0.05% or 14.98 million shares. Wealthtrust reported 0% of its portfolio in Rite Aid Corporation (NYSE:RAD). Parkwood Ltd Com holds 0% or 12,434 shares in its portfolio. Illinois-based Pekin Singer Strauss Asset Mngmt Il has invested 0% in Rite Aid Corporation (NYSE:RAD). Ing Groep Nv invested in 203,600 shares or 0.01% of the stock. Pnc Svcs Grp Inc invested in 0% or 128,037 shares. Alpine Mngmt owns 0.25% invested in Rite Aid Corporation (NYSE:RAD) for 565,000 shares. Capital One Association accumulated 11,000 shares or 0% of the stock. Mark Sheptoff Financial Planning Ltd Com accumulated 301,305 shares or 0.39% of the stock. Vanguard Grp Inc owns 87.94 million shares for 0.01% of their portfolio. Reilly Financial Advisors invested 0% in Rite Aid Corporation (NYSE:RAD).

Among 14 analysts covering Rite Aid (NYSE:RAD), 2 have Buy rating, 2 Sell and 10 Hold. Therefore 14% are positive. Rite Aid had 26 analyst reports since August 6, 2015 according to SRatingsIntel. Evercore reinitiated Rite Aid Corporation (NYSE:RAD) on Friday, June 30 with “Underperform” rating. As per Friday, April 8, the company rating was downgraded by Deutsche Bank. The stock of Rite Aid Corporation (NYSE:RAD) has “Neutral” rating given on Thursday, July 20 by Mizuho. The company was initiated on Thursday, August 13 by Bank of America. The rating was downgraded by Vetr on Thursday, August 6 to “Buy”. The stock of Rite Aid Corporation (NYSE:RAD) earned “Hold” rating by Evercore on Wednesday, January 6. The company was downgraded on Thursday, October 29 by Credit Suisse. As per Wednesday, October 25, the company rating was maintained by RBC Capital Markets. The rating was reinitiated by Bank of America on Friday, June 30 with “Underperform”. The rating was upgraded by Vetr to “Buy” on Friday, August 14.

Quinn Opportunity Partners Llc increased Bebe Stores Inc stake by 193,600 shares to 337,482 valued at $1.27M in 2017Q4. It also upped Hci Group Inc (NYSE:HCI) stake by 12,900 shares and now owns 19,400 shares. China Mobile Ltd (NYSE:CHL) was raised too.

Among 19 analysts covering Western Gas Partners (NYSE:WES), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Western Gas Partners has $76 highest and $35 lowest target. $57.74’s average target is 21.89% above currents $47.37 stock price. Western Gas Partners had 52 analyst reports since August 3, 2015 according to SRatingsIntel. Scotia Capital maintained the stock with “Hold” rating in Monday, January 29 report. The rating was initiated by CapitalOne with “An Overweight” on Thursday, January 14. The rating was maintained by Morgan Stanley on Thursday, November 2 with “Equal-Weight”. RBC Capital Markets maintained Western Gas Partners, LP (NYSE:WES) rating on Monday, September 25. RBC Capital Markets has “Buy” rating and $69.0 target. The company was maintained on Monday, September 28 by FBR Capital. The firm earned “Equal-Weight” rating on Wednesday, March 7 by Barclays Capital. The stock of Western Gas Partners, LP (NYSE:WES) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. The stock of Western Gas Partners, LP (NYSE:WES) has “Neutral” rating given on Thursday, March 17 by Credit Suisse. As per Tuesday, April 17, the company rating was maintained by Barclays Capital. Barclays Capital maintained the stock with “Overweight” rating in Thursday, November 2 report.

Western Gas Partners, LP acquires, develops, owns, and operates midstream energy assets in the Rocky Mountains, North-central Pennsylvania, and Texas. The company has market cap of $7.35 billion. It is involved in gathering, processing, compressing, treating, and transporting natural gas, condensate, natural gas liquids, and crude oil. It has a 36.44 P/E ratio. Western Gas Holdings, LLC serves as the general partner of Western Gas Partners, LP.

Analysts await Western Gas Partners, LP (NYSE:WES) to report earnings on May, 1. They expect $0.47 earnings per share, up 4,600.00% or $0.46 from last year’s $0.01 per share. WES’s profit will be $72.94 million for 25.20 P/E if the $0.47 EPS becomes a reality. After $0.39 actual earnings per share reported by Western Gas Partners, LP for the previous quarter, Wall Street now forecasts 20.51% EPS growth.

Rite Aid Corporation (NYSE:RAD) Institutional Positions Chart

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