Semgroup (SEMG) Holding Has Lifted by Par Capital Management Inc; Cortland Advisers Has Increased Stake in Northern Trust (NTRS)

May 16, 2018 - By Paul Bridgeforth

Northern Trust Corporation (NASDAQ:NTRS) Logo

Paul Reeder increased its stake in Semgroup Corp (SEMG) by 10.26% based on its latest 2017Q4 regulatory filing with the SEC. Par Capital Management Inc bought 90,000 shares as the company’s stock declined 28.25% with the market. The hedge fund run by Paul Reeder held 967,600 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $29.22 million, up from 877,600 at the end of the previous reported quarter. Par Capital Management Inc who had been investing in Semgroup Corp for a number of months, seems to be bullish on the $2.00B market cap company. The stock increased 0.20% or $0.05 during the last trading session, reaching $25.35. About 103,222 shares traded. SemGroup Corporation (NYSE:SEMG) has declined 36.90% since May 16, 2017 and is downtrending. It has underperformed by 48.45% the S&P500.

Cortland Advisers Llc increased its stake in Northern Trust Corp (NTRS) by 48.97% based on its latest 2017Q4 regulatory filing with the SEC. Cortland Advisers Llc bought 143,369 shares as the company’s stock rose 2.63% while stock markets declined. The institutional investor held 436,122 shares of the major banks company at the end of 2017Q4, valued at $43.56 million, up from 292,753 at the end of the previous reported quarter. Cortland Advisers Llc who had been investing in Northern Trust Corp for a number of months, seems to be bullish on the $24.35 billion market cap company. The stock increased 0.28% or $0.3 during the last trading session, reaching $108.21. About 143,668 shares traded. Northern Trust Corporation (NASDAQ:NTRS) has risen 19.41% since May 16, 2017 and is uptrending. It has outperformed by 7.86% the S&P500.

Among 11 analysts covering SemGroup (NYSE:SEMG), 6 have Buy rating, 0 Sell and 5 Hold. Therefore 55% are positive. SemGroup had 37 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of SemGroup Corporation (NYSE:SEMG) has “Equal-Weight” rating given on Tuesday, April 17 by Barclays Capital. Citigroup maintained SemGroup Corporation (NYSE:SEMG) on Wednesday, February 28 with “Neutral” rating. As per Monday, July 17, the company rating was downgraded by Wells Fargo. The firm earned “Buy” rating on Tuesday, November 14 by RBC Capital Markets. On Friday, March 2 the stock rating was maintained by UBS with “Buy”. The firm has “Neutral” rating given on Tuesday, December 15 by Citigroup. The stock has “Overweight” rating by Barclays Capital on Tuesday, June 13. The stock of SemGroup Corporation (NYSE:SEMG) earned “Buy” rating by RBC Capital Markets on Sunday, July 23. The firm has “Equal-Weight” rating given on Friday, November 17 by Morgan Stanley. On Thursday, September 10 the stock rating was initiated by Raymond James with “Outperform”.

Par Capital Management Inc, which manages about $3.46 billion and $8.95 billion US Long portfolio, decreased its stake in Owens Corning New (NYSE:OC) by 210,000 shares to 1.94 million shares, valued at $178.46M in 2017Q4, according to the filing. It also reduced its holding in Bonanza Creek Energy Inc by 336,900 shares in the quarter, leaving it with 100,000 shares, and cut its stake in Avis Budget Group (NASDAQ:CAR).

Investors sentiment increased to 1.44 in Q4 2017. Its up 0.29, from 1.15 in 2017Q3. It improved, as 14 investors sold SEMG shares while 40 reduced holdings. 17 funds opened positions while 61 raised stakes. 82.02 million shares or 8.10% more from 75.87 million shares in 2017Q3 were reported. Alpine Woods Cap Investors Ltd reported 114,800 shares. Asset Mgmt One accumulated 6,888 shares. Raymond James & Associate owns 142,642 shares. Par Cap Mngmt stated it has 967,600 shares. Prudential Financial stated it has 0% of its portfolio in SemGroup Corporation (NYSE:SEMG). Amalgamated Fincl Bank reported 0.01% of its portfolio in SemGroup Corporation (NYSE:SEMG). Parallax Volatility Advisers Limited Partnership has invested 0% in SemGroup Corporation (NYSE:SEMG). Moreover, Bancshares Of America De has 0% invested in SemGroup Corporation (NYSE:SEMG). Massachusetts Ser Ma holds 0.01% or 852,881 shares in its portfolio. 311,627 were reported by Tiaa Cref Invest Mgmt Ltd Liability Com. Susquehanna Gp Ltd Liability Partnership has invested 0% in SemGroup Corporation (NYSE:SEMG). Ameritas Invest Prtnrs Incorporated has invested 0.01% of its portfolio in SemGroup Corporation (NYSE:SEMG). Moreover, Royal Bancorporation Of Canada has 0% invested in SemGroup Corporation (NYSE:SEMG). Spirit Of America Management Corp New York owns 99,959 shares. Jennison Associate Lc reported 1.74 million shares stake.

More important recent SemGroup Corporation (NYSE:SEMG) news were published by: Globenewswire.com which released: “SemGroup to Diversify White Cliffs Pipeline Service with NGL Capabilities; Signs Long-Term Contract with DCP …” on May 07, 2018, also Seekingalpha.com published article titled: “SemGroup Corporation 2018 Q1 – Results – Earnings Call Slides”, Globenewswire.com published: “SemGroup Declares Quarterly Dividend” on May 01, 2018. More interesting news about SemGroup Corporation (NYSE:SEMG) was released by: Globenewswire.com and their article: “SemGroup to Participate in 2018 MLPA Investor Conference” with publication date: May 15, 2018.

Since February 27, 2018, it had 1 insider purchase, and 0 insider sales for $227,250 activity.

More recent Northern Trust Corporation (NASDAQ:NTRS) news were published by: Businesswire.com which released: “Northern Trust Promotes Leslie Tipping to Lead Oil, Gas & Mineral Management Team” on May 16, 2018. Also Globenewswire.com published the news titled: “Report: Exploring Fundamental Drivers Behind US Foods Holding, Tahoe Resources, Corporate Office Properties Trust …” on April 18, 2018. Businesswire.com‘s news article titled: “Northern Trust Asset Management Provides Tax-Transparent Fund Range for Danish Institutional Investors” with publication date: May 14, 2018 was also an interesting one.

Investors sentiment increased to 1.03 in Q4 2017. Its up 0.06, from 0.97 in 2017Q3. It improved, as 27 investors sold NTRS shares while 191 reduced holdings. 59 funds opened positions while 165 raised stakes. 175.58 million shares or 4.39% less from 183.65 million shares in 2017Q3 were reported. Rmb Capital Mngmt Lc holds 0.15% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 57,104 shares. Us State Bank De stated it has 0.02% in Northern Trust Corporation (NASDAQ:NTRS). Fund Mgmt Sa reported 0% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Highvista Strategies Lc holds 0.08% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS) for 2,900 shares. Charter stated it has 0.04% in Northern Trust Corporation (NASDAQ:NTRS). Nippon Life Glob Invsts Americas owns 57,070 shares. Moreover, Cleararc has 0.07% invested in Northern Trust Corporation (NASDAQ:NTRS). Penobscot Mgmt Incorporated accumulated 11,975 shares. Homrich And Berg has 2,209 shares. Envestnet Asset Mgmt stated it has 8,936 shares or 0% of all its holdings. Private Advisor Gru owns 2,818 shares for 0.01% of their portfolio. Glenmede Tru Communications Na stated it has 0.16% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Dearborn Limited Liability Co invested 0.42% of its portfolio in Northern Trust Corporation (NASDAQ:NTRS). Pnc Service Grp Incorporated Inc, a Pennsylvania-based fund reported 308,513 shares. Financial Architects Inc has invested 0.04% in Northern Trust Corporation (NASDAQ:NTRS).

Cortland Advisers Llc, which manages about $2.18 billion US Long portfolio, decreased its stake in Simon Property Group Inc (NYSE:SPG) by 2,320 shares to 30,081 shares, valued at $5.17M in 2017Q4, according to the filing. It also reduced its holding in Bank Of New York Mellon Corp/The (NYSE:BK) by 234,655 shares in the quarter, leaving it with 2.93 million shares, and cut its stake in Affiliated Managers Group Inc (NYSE:AMG).

Among 17 analysts covering Northern Trust Corporation (NASDAQ:NTRS), 7 have Buy rating, 1 Sell and 9 Hold. Therefore 41% are positive. Northern Trust Corporation had 75 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Buy” rating given on Thursday, April 5 by Jefferies. On Tuesday, April 17 the stock rating was maintained by RBC Capital Markets with “Buy”. The company was maintained on Friday, August 18 by RBC Capital Markets. The stock of Northern Trust Corporation (NASDAQ:NTRS) has “Buy” rating given on Thursday, July 20 by Bank of America. The firm earned “Buy” rating on Monday, August 24 by Zacks. Deutsche Bank maintained the shares of NTRS in report on Thursday, July 20 with “Hold” rating. The stock of Northern Trust Corporation (NASDAQ:NTRS) earned “Hold” rating by Sandler O’Neill on Thursday, January 25. On Monday, July 18 the stock rating was maintained by Deutsche Bank with “Hold”. The company was maintained on Monday, July 10 by Jefferies. Citigroup downgraded the stock to “Sell” rating in Wednesday, April 20 report.

Since January 26, 2018, it had 0 insider purchases, and 18 selling transactions for $23.87 million activity. 7,163 shares were sold by Blake Aileen B, worth $753,221. 4,807 shares valued at $528,770 were sold by Schreuder Jana R on Friday, March 9. 6,000 shares were sold by BROWNE ROBERT P, worth $640,740. The insider Cohodes Jeffrey D. sold 30,917 shares worth $3.26 million. The insider Leech Wilson sold 8,958 shares worth $951,063. Potter Stephen N had sold 7,103 shares worth $749,722.

SemGroup Corporation (NYSE:SEMG) Institutional Positions Chart

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