Financial Partners Capital Management Increased General Electric (GE) Stake; As Suburban Propane Partners L (SPH) Stock Declined, Shareholder Hite Hedge Asset Management Has Trimmed Its Stake by $4.93 Million

Hite Hedge Asset Management Llc decreased its stake in Suburban Propane Partners L (SPH) by 58.37% based on its latest 2017Q3 regulatory filing with the SEC. Hite Hedge Asset Management Llc sold 189,763 shares as the company’s stock declined 14.64% while stock markets rallied. The hedge fund held 135,349 shares of the consumer services company at the end of 2017Q3, valued at $3.53M, down from 325,112 at the end of the previous reported quarter. Hite Hedge Asset Management Llc who had been investing in Suburban Propane Partners L for a number of months, seems to be less bullish one the $1.44B market cap company. The stock decreased 0.64% or $0.15 during the last trading session, reaching $23.42. About 217,371 shares traded. Suburban Propane Partners, L.P. (NYSE:SPH) has declined 28.60% since February 28, 2017 and is downtrending. It has underperformed by 45.30% the S&P500.

Financial Partners Capital Management Llc increased its stake in General Electric (GE) by 20.84% based on its latest 2017Q3 regulatory filing with the SEC. Financial Partners Capital Management Llc bought 31,242 shares as the company’s stock declined 7.64% while stock markets rallied. The institutional investor held 181,187 shares of the consumer electronics and appliances company at the end of 2017Q3, valued at $4.38 million, up from 149,945 at the end of the previous reported quarter. Financial Partners Capital Management Llc who had been investing in General Electric for a number of months, seems to be bullish on the $125.90B market cap company. The stock decreased 1.02% or $0.15 during the last trading session, reaching $14.5. About 93.02 million shares traded or 7.28% up from the average. General Electric Company (NYSE:GE) has declined 4.46% since February 28, 2017 and is downtrending. It has underperformed by 21.16% the S&P500.

Hite Hedge Asset Management Llc, which manages about $778.61M and $387.03 million US Long portfolio, upped its stake in Kimbell Rty Partners Lp by 23,524 shares to 136,014 shares, valued at $2.15 million in 2017Q3, according to the filing. It also increased its holding in Cone Midstream Partners Lp (NYSE:CNNX) by 68,636 shares in the quarter, for a total of 145,074 shares, and has risen its stake in Mplx Lp (NYSE:MPLX).

Investors sentiment is 0.79 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 16 investors sold SPH shares while 36 reduced holdings. only 13 funds opened positions while 28 raised stakes. 14.97 million shares or 0.98% less from 15.12 million shares in 2017Q2 were reported. Endurance Wealth Management Inc has 1,000 shares. 1,349 are held by Ironwood Fincl Limited Liability Corporation. Allsquare Wealth Mgmt owns 1,441 shares or 0.03% of their US portfolio. Creative Planning reported 0% in Suburban Propane Partners, L.P. (NYSE:SPH). Raymond James Finance Ser Incorporated owns 0.03% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 157,831 shares. Hm Payson & owns 0.01% invested in Suburban Propane Partners, L.P. (NYSE:SPH) for 10,600 shares. Alliancebernstein Limited Partnership has 15,675 shares for 0% of their portfolio. Advisory Services Network Limited Liability Corp holds 1,076 shares. National Bank Of America De owns 471,835 shares or 0% of their US portfolio. Janney Montgomery Scott Limited Liability Co has 83,534 shares for 0.02% of their portfolio. Savings Bank holds 49,385 shares. Keybank Association Oh reported 23,479 shares. Asset owns 40,797 shares or 0.02% of their US portfolio. Tru Company Of Vermont invested in 9,000 shares or 0.02% of the stock. Jacobus Wealth Mngmt reported 0.05% in Suburban Propane Partners, L.P. (NYSE:SPH).

Among 8 analysts covering Suburban Propane Partners (NYSE:SPH), 3 have Buy rating, 2 Sell and 3 Hold. Therefore 38% are positive. Suburban Propane Partners had 22 analyst reports since August 10, 2015 according to SRatingsIntel. On Wednesday, December 30 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) earned “Buy” rating by Raymond James on Friday, February 9. UBS upgraded the stock to “Neutral” rating in Monday, August 10 report. Citigroup downgraded Suburban Propane Partners, L.P. (NYSE:SPH) rating on Friday, May 20. Citigroup has “Neutral” rating and $32 target. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) has “Hold” rating given on Thursday, September 21 by Stifel Nicolaus. On Friday, February 5 the stock rating was upgraded by Citigroup to “Buy”. The firm has “Hold” rating by Stifel Nicolaus given on Friday, March 18. The stock of Suburban Propane Partners, L.P. (NYSE:SPH) has “Buy” rating given on Wednesday, January 3 by UBS. As per Thursday, July 13, the company rating was maintained by Stifel Nicolaus. On Wednesday, July 20 the stock rating was initiated by Janney Capital with “Neutral”.

Since September 18, 2017, it had 0 insider buys, and 2 sales for $148,807 activity.

Analysts await Suburban Propane Partners, L.P. (NYSE:SPH) to report earnings on May, 3. They expect $1.96 EPS, up 44.12% or $0.60 from last year’s $1.36 per share. SPH’s profit will be $120.35M for 2.99 P/E if the $1.96 EPS becomes a reality. After $0.60 actual EPS reported by Suburban Propane Partners, L.P. for the previous quarter, Wall Street now forecasts 226.67% EPS growth.

Among 28 analysts covering General Electric Company (NYSE:GE), 8 have Buy rating, 5 Sell and 15 Hold. Therefore 29% are positive. General Electric Company had 91 analyst reports since July 21, 2015 according to SRatingsIntel. Vetr upgraded it to “Buy” rating and $26.28 target in Wednesday, August 26 report. The company was maintained on Wednesday, April 12 by Credit Suisse. Cowen & Co initiated General Electric Company (NYSE:GE) on Tuesday, June 7 with “Market Perform” rating. The firm has “Buy” rating given on Monday, October 23 by RBC Capital Markets. As per Wednesday, August 26, the company rating was downgraded by TheStreet. The company was maintained on Thursday, March 23 by BMO Capital Markets. As per Monday, April 4, the company rating was downgraded by Bernstein. Bank of America maintained the stock with “Buy” rating in Tuesday, November 14 report. The company was maintained on Monday, October 30 by Deutsche Bank. The stock of General Electric Company (NYSE:GE) has “Positive” rating given on Thursday, March 23 by RBC Capital Markets.

Since January 26, 2018, it had 1 buy, and 0 insider sales for $43,446 activity.

Financial Partners Capital Management Llc, which manages about $519.21M and $523.10M US Long portfolio, decreased its stake in Microsoft Corp. (NASDAQ:MSFT) by 8,780 shares to 126,800 shares, valued at $9.45 million in 2017Q3, according to the filing. It also reduced its holding in Toll Brothers Inc (NYSE:TOL) by 18,225 shares in the quarter, leaving it with 138,335 shares, and cut its stake in General Motors Co (NYSE:GM).

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