Ajo LP Decreased Its Southwest Gas (SWX) Holding by $2.72 Million; Stock Declined; Discovery Communicatns New (DISCK) Stake Lifted by Cqs Cayman Lp

April 22, 2018 - By Winifred Garcia

Michael Hintze increased its stake in Discovery Communicatns New (DISCK) by 509.74% based on its latest 2017Q4 regulatory filing with the SEC. Cqs Cayman Lp bought 1.62M shares as the company’s stock declined 12.19% with the market. The hedge fund run by Michael Hintze held 1.94 million shares of the consumer services company at the end of 2017Q4, valued at $41.15 million, up from 318,780 at the end of the previous reported quarter. Cqs Cayman Lp who had been investing in Discovery Communicatns New for a number of months, seems to be bullish on the $15.17B market cap company. The stock decreased 0.79% or $0.17 during the last trading session, reaching $21.46. About 3.36 million shares traded. Discovery, Inc. (NASDAQ:DISCK) has declined 27.22% since April 22, 2017 and is downtrending. It has underperformed by 38.77% the S&P500.

Ajo Lp decreased its stake in Southwest Gas (SWX) by 2.88% based on its latest 2017Q4 regulatory filing with the SEC. Ajo Lp sold 34,008 shares as the company’s stock declined 16.25% with the market. The institutional investor held 1.15M shares of the oil & gas production company at the end of 2017Q4, valued at $92.32 million, down from 1.18 million at the end of the previous reported quarter. Ajo Lp who had been investing in Southwest Gas for a number of months, seems to be less bullish one the $3.42B market cap company. The stock decreased 0.35% or $0.25 during the last trading session, reaching $71.01. About 206,903 shares traded. Southwest Gas Holdings, Inc. (NYSE:SWX) has declined 19.77% since April 22, 2017 and is downtrending. It has underperformed by 31.32% the S&P500.

Cqs Cayman Lp, which manages about $1.58 billion US Long portfolio, decreased its stake in Palo Alto Networks Inc (Prn) by 2.11M shares to 35.39 million shares, valued at $48.40M in 2017Q4, according to the filing. It also reduced its holding in Altaba Inc by 82,146 shares in the quarter, leaving it with 148,097 shares, and cut its stake in Ocean Rig Udw Inc.

Ajo Lp, which manages about $24.49 billion and $23.21 billion US Long portfolio, upped its stake in Pinnacle West (NYSE:PNW) by 47,440 shares to 440,625 shares, valued at $37.53M in 2017Q4, according to the filing. It also increased its holding in Rpx Corp (NASDAQ:RPXC) by 238,742 shares in the quarter, for a total of 654,678 shares, and has risen its stake in Dana (NYSE:DAN).

Investors sentiment increased to 1.14 in Q4 2017. Its up 0.05, from 1.09 in 2017Q3. It improved, as 19 investors sold SWX shares while 78 reduced holdings. 42 funds opened positions while 69 raised stakes. 37.29 million shares or 1.55% more from 36.72 million shares in 2017Q3 were reported. Amalgamated Fincl Bank owns 0.01% invested in Southwest Gas Holdings, Inc. (NYSE:SWX) for 6,869 shares. The Germany-based Deutsche Financial Bank Ag has invested 0.01% in Southwest Gas Holdings, Inc. (NYSE:SWX). Kansas-based Creative Planning has invested 0% in Southwest Gas Holdings, Inc. (NYSE:SWX). Thrivent Finance For Lutherans holds 162,497 shares or 0.04% of its portfolio. Gabelli Funds Llc stated it has 0.62% in Southwest Gas Holdings, Inc. (NYSE:SWX). Pub Employees Retirement Association Of Colorado reported 8,194 shares. Ameritas Inv Ptnrs owns 0.07% invested in Southwest Gas Holdings, Inc. (NYSE:SWX) for 18,274 shares. Tiaa Cref Invest Management Lc reported 298,371 shares. Qs Investors Lc holds 0.06% or 77,796 shares in its portfolio. Pitcairn reported 2,764 shares stake. Fuller And Thaler Asset Management reported 0% of its portfolio in Southwest Gas Holdings, Inc. (NYSE:SWX). Sterling Capital Management Limited Liability Com holds 0.24% of its portfolio in Southwest Gas Holdings, Inc. (NYSE:SWX) for 323,560 shares. Private Asset holds 0.1% or 7,800 shares in its portfolio. Dana Advisors Inc reported 0.12% in Southwest Gas Holdings, Inc. (NYSE:SWX). Amp Limited reported 22,761 shares.

Among 7 analysts covering Southwest Gas Corporation (NYSE:SWX), 1 have Buy rating, 0 Sell and 6 Hold. Therefore 14% are positive. Southwest Gas Corporation had 24 analyst reports since July 24, 2015 according to SRatingsIntel. BB&T Capital initiated the stock with “Hold” rating in Wednesday, March 30 report. On Friday, March 2 the stock rating was maintained by UBS with “Buy”. The firm earned “Hold” rating on Wednesday, July 12 by Jefferies. The firm has “Sell” rating by Zacks given on Thursday, August 27. The firm earned “Neutral” rating on Tuesday, March 27 by Citigroup. The stock of Southwest Gas Holdings, Inc. (NYSE:SWX) has “Buy” rating given on Tuesday, December 19 by UBS. Zacks downgraded the shares of SWX in report on Tuesday, September 1 to “Hold” rating. The firm has “Buy” rating by Argus Research given on Friday, July 24. The stock has “Hold” rating by Jefferies on Monday, October 16. Jefferies downgraded the shares of SWX in report on Thursday, October 8 to “Hold” rating.

Analysts await Southwest Gas Holdings, Inc. (NYSE:SWX) to report earnings on May, 14. They expect $1.62 earnings per share, up 11.72% or $0.17 from last year’s $1.45 per share. SWX’s profit will be $78.07 million for 10.96 P/E if the $1.62 EPS becomes a reality. After $1.58 actual earnings per share reported by Southwest Gas Holdings, Inc. for the previous quarter, Wall Street now forecasts 2.53% EPS growth.

By1 Winifred Garcia