Riverpark Advisors Has Increased Its Southwestern Energy Co (SWN) Holding by $865,085 as Stock Price Declined; As Acuity Brands (AYI) Valuation Rose, Scopia Capital Management LP Cut Stake

Acuity Brands, Inc. (NYSE:AYI) Logo

Riverpark Advisors Llc increased its stake in Southwestern Energy Co (SWN) by 255.46% based on its latest 2018Q2 regulatory filing with the SEC. Riverpark Advisors Llc bought 173,017 shares as the company’s stock declined 2.50% while stock markets rallied. The institutional investor held 240,745 shares of the oil & gas production company at the end of 2018Q2, valued at $1.28 million, up from 67,728 at the end of the previous reported quarter. Riverpark Advisors Llc who had been investing in Southwestern Energy Co for a number of months, seems to be bullish on the $3.09B market cap company. The stock increased 0.19% or $0.01 during the last trading session, reaching $5.4. About 18.77 million shares traded. Southwestern Energy Company (NYSE:SWN) has declined 11.98% since November 19, 2017 and is downtrending. It has underperformed by 27.60% the S&P500. Some Historical SWN News: 17/04/2018 – Investor Expectations to Drive Momentum within Kirkland’s, The Walt Disney, The Kraft Heinz, Southwestern Energy, QTS Realty Tr; 02/04/2018 – Southwestern Energy at IPAA Oil & Gas Conference Apr 9; 27/04/2018 – SOUTHWESTERN’S WORKING WITH JPMORGAN ON FAYETTEVILLE STRATEGY; 07/05/2018 – West Virginia allows ETP to resume work on Rover natgas pipeline; 27/04/2018 – SOUTHWESTERN ENERGY SAYS ENTERED APRIL 26 CREDIT AGREEMENT WITH TOTAL COMMITMENTS OF $2 BLN & TOTAL MAXIMUM REVOLVING CREDIT AMOUNT OF $3.5 BLN – SEC FILING; 11/05/2018 – River & Mercantile Adds Southwestern Energy, Cuts McKesson: 13F; 27/04/2018 – SOUTHWESTERN ENERGY – ON APRIL 26, CO ENTERED INTO A CREDIT AGREEMENT WITH VARIOUS LENDERS & JPMORGAN CHASE BANK N.A. AS ADMINISTRATIVE AGENT & LENDER; 23/04/2018 – DJ Southwestern Energy Company, Inst Holders, 1Q 2018 (SWN); 27/04/2018 – S&P: Southwestern Energy Rating Reflects Higher Gas, Natural Gas Liquids Price Realizations; 27/04/2018 – S&PGR Upgrades Southwestern Energy To ‘BB’; Outlook Stable

Scopia Capital Management Lp decreased its stake in Acuity Brands Inc (AYI) by 12.91% based on its latest 2018Q2 regulatory filing with the SEC. Scopia Capital Management Lp sold 27,560 shares as the company’s stock rose 25.48% with the market. The hedge fund held 185,930 shares of the building products company at the end of 2018Q2, valued at $21.54M, down from 213,490 at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Acuity Brands Inc for a number of months, seems to be less bullish one the $4.90B market cap company. The stock decreased 1.69% or $2.13 during the last trading session, reaching $123.78. About 339,731 shares traded. Acuity Brands, Inc. (NYSE:AYI) has declined 15.04% since November 19, 2017 and is downtrending. It has underperformed by 30.66% the S&P500. Some Historical AYI News: 21/05/2018 – Objective Acuity Has World’s Pre-Schoolers in Its Sights; 04/04/2018 – In earnings, CarMax, Acuity Brands and Lennar are all scheduled to publish their latest financial reports; 08/05/2018 – Acuity Healthcare Names John Baron Vice President – Operations Support; 19/03/2018 – Acuity Brands, Inc: Verve Adds Atrius(TM) IoT Solutions from Acuity Brands to Its Location-Based Mobile Marketing Platform; 04/04/2018 – ACUITY BRANDS – EXPECT HEADWINDS IN HOME CENTER/SHOWROOM SALES CHANNEL TO CONTINUE IN NEAR TERM; 02/04/2018 – Acuity Brands Inc expected to post earnings of $2.11 a share – Earnings Preview; 01/05/2018 – Acuity Brands Says Deal Won’t Materially Impact FY18; 04/04/2018 – Acuity Brands 2Q Adj EPS $1.89; 04/04/2018 – ACUITY BRANDS – CURRENT WEAKNESS IN LIGHTING INDUSTRY HAS CREATED A CHALLENGING ENVIRONMENT FOR CO; 04/04/2018 – ACUITY BRANDS INC – THIRD-PARTY FORECASTS, INDICATORS SUGGEST DEMAND IN NORTH AMERICAN LIGHTING MARKET WILL IMPROVE LATER IN CALENDAR 2018

Investors sentiment increased to 1.22 in 2018 Q2. Its up 0.12, from 1.1 in 2018Q1. It is positive, as 54 investors sold AYI shares while 100 reduced holdings. 70 funds opened positions while 118 raised stakes. 39.90 million shares or 6.35% less from 42.61 million shares in 2018Q1 were reported. Trillium Asset Management Ltd Liability reported 42,869 shares. Adage Cap Prns Grp Ltd holds 0.07% or 248,549 shares. Signaturefd Ltd Liability Co accumulated 15 shares or 0% of the stock. Peak6 Invests Ltd Partnership has 0.01% invested in Acuity Brands, Inc. (NYSE:AYI) for 24,502 shares. Kempner Capital holds 26,358 shares or 2.01% of its portfolio. Mason Street Advsrs Ltd Llc holds 0.05% or 21,028 shares in its portfolio. Schroder Inv Management Grp Inc reported 0.04% stake. Rafferty Asset Ltd Com stated it has 6,757 shares or 0.01% of all its holdings. First City Capital Mngmt reported 0.37% stake. Texas Permanent School Fund reported 26,461 shares. 58,651 are held by Tiaa Cref Inv Management. Amica Mutual Insurance reported 0.15% in Acuity Brands, Inc. (NYSE:AYI). Clark Estates holds 31,000 shares or 0.54% of its portfolio. Nine Masts Capital Ltd reported 4,110 shares. Nomura Asset Limited invested in 5,725 shares or 0.01% of the stock.

Analysts await Acuity Brands, Inc. (NYSE:AYI) to report earnings on January, 8. They expect $2.05 earnings per share, up 13.26% or $0.24 from last year’s $1.81 per share. AYI’s profit will be $81.17 million for 15.10 P/E if the $2.05 EPS becomes a reality. After $2.52 actual earnings per share reported by Acuity Brands, Inc. for the previous quarter, Wall Street now forecasts -18.65% negative EPS growth.

Among 22 analysts covering Acuity Brands Inc. (NYSE:AYI), 12 have Buy rating, 3 Sell and 7 Hold. Therefore 55% are positive. Acuity Brands Inc. had 73 analyst reports since August 21, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Oppenheimer on Friday, February 12. The rating was maintained by Wells Fargo with “Hold” on Wednesday, March 28. JMP Securities maintained Acuity Brands, Inc. (NYSE:AYI) on Thursday, July 5 with “Market Outperform” rating. The firm has “Buy” rating by Williams Capital Group given on Friday, September 30. Wells Fargo maintained it with “Hold” rating and $14000 target in Thursday, April 5 report. As per Tuesday, April 11, the company rating was initiated by Guggenheim. The stock has “Buy” rating by Canaccord Genuity on Monday, January 11. The firm has “Outperform” rating given on Monday, October 31 by Wells Fargo. The stock has “Hold” rating by Wells Fargo on Tuesday, January 9. The firm earned “Hold” rating on Thursday, January 11 by Seaport Global.

Scopia Capital Management Lp, which manages about $7.11B and $5.72B US Long portfolio, upped its stake in La Jolla Pharmaceutical Co (NASDAQ:LJPC) by 2.01 million shares to 2.58 million shares, valued at $75.35 million in 2018Q2, according to the filing. It also increased its holding in Arris Intl Inc by 2.23M shares in the quarter, for a total of 4.11 million shares, and has risen its stake in Spdr S&P 500 Etf Tr (Put) (SPY).

Since November 6, 2018, it had 0 insider purchases, and 1 insider sale for $63,798 activity.

Riverpark Advisors Llc, which manages about $2.88B and $494.28M US Long portfolio, decreased its stake in Schlumberger Ltd (NYSE:SLB) by 31,000 shares to 319,427 shares, valued at $21.41 million in 2018Q2, according to the filing. It also reduced its holding in Edwards Lifesciences Corp (NYSE:EW) by 21,500 shares in the quarter, leaving it with 141,500 shares, and cut its stake in Carmax Inc (NYSE:KMX).

Southwestern Energy Company (NYSE:SWN) Institutional Positions Chart

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