As Six Flags Operations (SIX) Market Value Declined, Holder Morgan Dempsey Capital Management Has Raised Its Stake; Zimmer Partners LP Decreased Its Holding in Dominion Energy (D) as Market Valuation Rose

October 6, 2017 - By Hazel Jackson

Stuart J. Zimmer decreased its stake in Dominion Energy Inc (D) by 89.86% based on its latest 2017Q2 regulatory filing with the SEC. Zimmer Partners Lp sold 946,400 shares as the company’s stock rose 6.53% with the market. The hedge fund run by Stuart J. Zimmer held 106,800 shares of the public utilities company at the end of 2017Q2, valued at $8.18 million, down from 1.05M at the end of the previous reported quarter. Zimmer Partners Lp who had been investing in Dominion Energy Inc for a number of months, seems to be less bullish one the $49.29B market cap company. The stock declined 0.13% or $0.1 reaching $76.71 per share. About 419,634 shares traded. Dominion Energy Inc (NYSE:D) has risen 10.88% since October 6, 2016 and is uptrending. It has underperformed by 5.82% the S&P500.

Morgan Dempsey Capital Management Llc increased its stake in Six Flags Operations Inc. (SIX) by 5.23% based on its latest 2017Q2 regulatory filing with the SEC. Morgan Dempsey Capital Management Llc bought 5,895 shares as the company’s stock declined 0.34% while stock markets rallied. The hedge fund held 118,528 shares of the services-misc. amusement & recreation company at the end of 2017Q2, valued at $7.07 million, up from 112,633 at the end of the previous reported quarter. Morgan Dempsey Capital Management Llc who had been investing in Six Flags Operations Inc. for a number of months, seems to be bullish on the $5.17B market cap company. The stock declined 1.36% or $0.83 reaching $60.41 on the news. About 376,425 shares traded. Six Flags Entertainment Corp (NYSE:SIX) has risen 5.91% since October 6, 2016 and is uptrending. It has underperformed by 10.79% the S&P500.

More important recent Six Flags Entertainment Corp (NYSE:SIX) news were published by: Prnewswire.com which released: “Six Flags Entertainment and Sterling Bancorp Set to Join S&P MidCap 400; Oil …” on September 26, 2017, also Seekingalpha.com published article titled: “Six Flags Good For Another Bite After Avoiding Major Blows”, Seekingalpha.com published: “Six Flags: Better Than Atlantic City 2.0” on September 18, 2017. More interesting news about Six Flags Entertainment Corp (NYSE:SIX) was released by: Seekingalpha.com and their article: “Six Flags updates on impact from earthquake in Mexico” with publication date: September 20, 2017.

Among 16 analysts covering Six Flags Entertainment (NYSE:SIX), 12 have Buy rating, 1 Sell and 3 Hold. Therefore 75% are positive. Six Flags Entertainment had 30 analyst reports since July 24, 2015 according to SRatingsIntel. Wedbush maintained the stock with “Outperform” rating in Thursday, April 28 report. Credit Suisse maintained the shares of SIX in report on Friday, August 28 with “Outperform” rating. The company was maintained on Thursday, October 27 by FBR Capital. The stock has “Neutral” rating by Macquarie Research on Wednesday, December 9. The firm has “Outperform” rating by Oppenheimer given on Wednesday, April 6. Sterne Agee CRT initiated Six Flags Entertainment Corp (NYSE:SIX) on Tuesday, March 29 with “Neutral” rating. The firm has “Buy” rating by Oppenheimer given on Wednesday, August 16. The stock has “Neutral” rating by Hilliard Lyons on Friday, April 28. The rating was initiated by Janney Capital with “Buy” on Tuesday, September 15. The stock of Six Flags Entertainment Corp (NYSE:SIX) has “Mkt Perform” rating given on Wednesday, October 21 by FBR Capital.

Morgan Dempsey Capital Management Llc, which manages about $340.50 million and $274.77 million US Long portfolio, decreased its stake in Mine Safety Appliances Company Llc (NYSE:MSA) by 28,981 shares to 62,654 shares, valued at $5.09M in 2017Q2, according to the filing. It also reduced its holding in Microchip Technology Incorporated (NASDAQ:MCHP) by 58,001 shares in the quarter, leaving it with 265 shares, and cut its stake in Kmg Chemicals Inc. (NYSE:KMG).

More news for Dominion Energy Inc (NYSE:D) were recently published by: Investorplace.com, which released: “3 Big Stock Charts for Friday: Dominion Energy Inc (D), Dollar Tree, Inc …” on September 08, 2017. Prnewswire.com‘s article titled: “Dominion Energy, Dominion Energy Midstream Schedule Third-Quarter Earnings …” and published on October 04, 2017 is yet another important article.

Analysts await Dominion Energy Inc (NYSE:D) to report earnings on October, 30. They expect $1.06 earnings per share, down 7.02% or $0.08 from last year’s $1.14 per share. D’s profit will be $681.10 million for 18.09 P/E if the $1.06 EPS becomes a reality. After $0.67 actual earnings per share reported by Dominion Energy Inc for the previous quarter, Wall Street now forecasts 58.21% EPS growth.

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.10, from 1.05 in 2017Q1. It improved, as 40 investors sold D shares while 298 reduced holdings. 89 funds opened positions while 300 raised stakes. 408.41 million shares or 0.70% less from 411.29 million shares in 2017Q1 were reported. Old Mutual Customised Solutions (Proprietary) Limited holds 0.26% or 22,999 shares. 13,690 were reported by Haverford Tru. Beacon Financial Group Inc owns 5,229 shares for 0.08% of their portfolio. Hm Payson & invested 0.21% in Dominion Energy Inc (NYSE:D). The California-based Osborne Ptnrs Capital Mngmt Ltd Liability Company has invested 0.14% in Dominion Energy Inc (NYSE:D). Plante Moran Llc has 0.06% invested in Dominion Energy Inc (NYSE:D) for 1,274 shares. Coldstream Capital accumulated 25,976 shares. Stevens Mngmt Lp invested in 27,195 shares. Nordea Invest Mgmt accumulated 30,644 shares. Dupont Mngmt reported 46,847 shares. Sequoia Financial Lc, a Ohio-based fund reported 2,752 shares. Cypress Asset Tx reported 6,971 shares. Davidson & Garrard Incorporated owns 16,449 shares for 0.3% of their portfolio. Inv Of Virginia invested 0.17% of its portfolio in Dominion Energy Inc (NYSE:D). Guardian Life Insurance Of America holds 0.02% or 1,422 shares.

Zimmer Partners Lp, which manages about $1.50 billion and $4.21 billion US Long portfolio, upped its stake in Eqt Midstream Partners Lp (NYSE:EQM) by 35,300 shares to 566,800 shares, valued at $42.30 million in 2017Q2, according to the filing. It also increased its holding in Nisource Inc (NYSE:NI) by 327,800 shares in the quarter, for a total of 455,000 shares, and has risen its stake in Spdr Series Trust (Call) (XOP).

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