Hite Hedge Asset Management Maintains Position in Global Partners LP (GLP); First Dallas Securities Lowered Lgi Homes (LGIH) Position by $319,200 as Share Price Rose

February 15, 2018 - By Hazel Jackson

First Dallas Securities Inc decreased its stake in Lgi Homes Inc (LGIH) by 41.43% based on its latest 2017Q3 regulatory filing with the SEC. First Dallas Securities Inc sold 6,650 shares as the company’s stock rose 12.47% with the market. The institutional investor held 9,400 shares of the capital goods company at the end of 2017Q3, valued at $457,000, down from 16,050 at the end of the previous reported quarter. First Dallas Securities Inc who had been investing in Lgi Homes Inc for a number of months, seems to be less bullish one the $1.42B market cap company. The stock increased 1.87% or $1.2 during the last trading session, reaching $65.25. About 206,277 shares traded. LGI Homes, Inc. (NASDAQ:LGIH) has risen 30.68% since February 15, 2017 and is uptrending. It has outperformed by 13.98% the S&P500.

Hite Hedge Asset Management Llc increased its stake in Global Partners Lp (GLP) by 2.76% based on its latest 2017Q3 regulatory filing with the SEC. Hite Hedge Asset Management Llc bought 18,022 shares as the company’s stock declined 2.76% while stock markets rallied. The hedge fund held 671,242 shares of the oil refining and marketing company at the end of 2017Q3, valued at $11.68M, up from 653,220 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Global Partners Lp for a number of months, seems to be bullish on the $592.80 million market cap company. The stock decreased 2.51% or $0.45 during the last trading session, reaching $17.5. About 48,179 shares traded. Global Partners LP (NYSE:GLP) has risen 51.68% since February 15, 2017 and is uptrending. It has outperformed by 34.98% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.13, from 1.04 in 2017Q2. It worsened, as 7 investors sold GLP shares while 15 reduced holdings. 5 funds opened positions while 15 raised stakes. 13.20 million shares or 0.07% less from 13.21 million shares in 2017Q2 were reported. Guggenheim Capital Ltd Liability holds 0% in Global Partners LP (NYSE:GLP) or 34,582 shares. Moors And Cabot, a Massachusetts-based fund reported 11,388 shares. Manufacturers Life Insur Company The owns 2,046 shares for 0% of their portfolio. Solaris Asset Lc invested in 10,000 shares. Metropolitan Life Insur New York invested in 80,741 shares or 0.01% of the stock. Credit Suisse Ag invested in 0% or 22,763 shares. Morgan Stanley holds 0.02% in Global Partners LP (NYSE:GLP) or 3.48 million shares. Moreover, Raymond James Na has 0.01% invested in Global Partners LP (NYSE:GLP). 17,660 were reported by Hightower Ltd. Northwestern Mutual Wealth Management has invested 0% of its portfolio in Global Partners LP (NYSE:GLP). Arrow Investment Ltd Limited Liability Company, Maryland-based fund reported 40,807 shares. Massachusetts-based Commonwealth Equity Inc has invested 0% in Global Partners LP (NYSE:GLP). Cutler Capital Management Llc accumulated 0.11% or 14,100 shares. Advisory Incorporated reported 226,344 shares. National Bank Of Ny Mellon has 0% invested in Global Partners LP (NYSE:GLP) for 20,001 shares.

Among 8 analysts covering Global Partners (NYSE:GLP), 2 have Buy rating, 0 Sell and 6 Hold. Therefore 25% are positive. Global Partners had 18 analyst reports since August 8, 2015 according to SRatingsIntel. Stifel Nicolaus maintained it with “Buy” rating and $2100 target in Thursday, June 22 report. The stock of Global Partners LP (NYSE:GLP) has “Buy” rating given on Saturday, August 8 by TheStreet. The rating was initiated by Stifel Nicolaus with “Hold” on Tuesday, February 23. The firm earned “Outperform” rating on Friday, September 4 by RBC Capital Markets. JP Morgan maintained the shares of GLP in report on Tuesday, April 19 with “Neutral” rating. The rating was maintained by Stifel Nicolaus on Thursday, September 14 with “Buy”. The firm has “Buy” rating given on Tuesday, February 7 by Stifel Nicolaus. Stifel Nicolaus maintained it with “Buy” rating and $2100 target in Thursday, July 27 report. The stock of Global Partners LP (NYSE:GLP) has “Buy” rating given on Friday, March 10 by Stifel Nicolaus. The rating was maintained by Stifel Nicolaus on Wednesday, August 9 with “Buy”.

Hite Hedge Asset Management Llc, which manages about $778.61M and $387.03M US Long portfolio, decreased its stake in Suburban Propane Partners L (NYSE:SPH) by 189,763 shares to 135,349 shares, valued at $3.53 million in 2017Q3, according to the filing. It also reduced its holding in Alon Usa Partners Lp (NYSE:ALDW) by 250,194 shares in the quarter, leaving it with 138,681 shares, and cut its stake in Williams Partners LP New (ACMP).

Among 6 analysts covering LGI Homes (NASDAQ:LGIH), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. LGI Homes had 17 analyst reports since August 6, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Wedbush on Tuesday, October 3. The rating was upgraded by Wells Fargo to “Market Perform” on Tuesday, May 16. The firm has “Underperform” rating given on Monday, February 6 by Wells Fargo. Wedbush initiated LGI Homes, Inc. (NASDAQ:LGIH) rating on Tuesday, December 6. Wedbush has “Neutral” rating and $35 target. The firm has “Outperform” rating by Wedbush given on Tuesday, February 13. The rating was maintained by JMP Securities on Wednesday, November 8 with “Market Outperform”. The rating was maintained by Wedbush with “Hold” on Wednesday, November 8. Sidoti initiated LGI Homes, Inc. (NASDAQ:LGIH) rating on Tuesday, December 29. Sidoti has “Buy” rating and $46.0 target. The stock has “Neutral” rating by JP Morgan on Wednesday, August 9. The company was initiated on Thursday, September 29 by Wells Fargo.

Since August 14, 2017, it had 0 insider buys, and 3 sales for $3.32 million activity. Snider Michael Larry also sold $160,335 worth of LGI Homes, Inc. (NASDAQ:LGIH) on Thursday, September 21. The insider Lipar Eric Thomas sold 25,000 shares worth $1.80 million.

Analysts await LGI Homes, Inc. (NASDAQ:LGIH) to report earnings on March, 6. They expect $1.24 earnings per share, up 22.77% or $0.23 from last year’s $1.01 per share. LGIH’s profit will be $26.95 million for 13.16 P/E if the $1.24 EPS becomes a reality. After $1.40 actual earnings per share reported by LGI Homes, Inc. for the previous quarter, Wall Street now forecasts -11.43% negative EPS growth.

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