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Aqr Capital Management Cut Pennymac Finl Svcs (PFSI) Stake by $515,020; As Magellan Midstream Partners LP (MMP) Market Value Declined, Spirit Of America Management Cut by $406,000 Its Stake

Cliff Asness decreased its stake in Pennymac Finl Svcs Inc (PFSI) by 24.52% based on its latest 2017Q4 regulatory filing with the SEC. Aqr Capital Management Llc sold 23,410 shares as the company’s stock rose 4.38% while stock markets declined. The hedge fund run by Cliff Asness held 72,057 shares of the finance company at the end of 2017Q4, valued at $1.61 million, down from 95,467 at the end of the previous reported quarter. Aqr Capital Management Llc who had been investing in Pennymac Finl Svcs Inc for a number of months, seems to be less bullish one the $1.67 billion market cap company. The stock decreased 1.37% or $0.3 during the last trading session, reaching $21.55. About 245,741 shares traded or 30.39% up from the average. PennyMac Financial Services, Inc. (NYSE:PFSI) has risen 37.69% since April 17, 2017 and is uptrending. It has outperformed by 26.14% the S&P500.

Spirit Of America Management Corp decreased its stake in Magellan Midstream Partners Lp (MMP) by 1.64% based on its latest 2017Q4 regulatory filing with the SEC. Spirit Of America Management Corp sold 5,800 shares as the company’s stock declined 17.74% with the market. The institutional investor held 347,390 shares of the natural gas distribution company at the end of 2017Q4, valued at $24.64 million, down from 353,190 at the end of the previous reported quarter. Spirit Of America Management Corp who had been investing in Magellan Midstream Partners Lp for a number of months, seems to be less bullish one the $14.73B market cap company. The stock increased 3.73% or $2.32 during the last trading session, reaching $64.55. About 1.34 million shares traded or 17.68% up from the average. Magellan Midstream Partners, L.P. (NYSE:MMP) has declined 24.45% since April 17, 2017 and is downtrending. It has underperformed by 36.00% the S&P500.

Since October 18, 2017, it had 0 insider purchases, and 46 sales for $13.63 million activity. $113,251 worth of PennyMac Financial Services, Inc. (NYSE:PFSI) was sold by Grogin Jeffrey. The insider SPECTOR DAVID sold 10,073 shares worth $231,342. Botein Matthew sold 2,095 shares worth $51,438. KURLAND STANFORD L sold 9,943 shares worth $223,684. The insider MCCALLION ANNE sold $236,750. Fartaj Vandad sold 616 shares worth $14,784.

Analysts await PennyMac Financial Services, Inc. (NYSE:PFSI) to report earnings on May, 3. They expect $0.72 EPS, up 53.19% or $0.25 from last year’s $0.47 per share. PFSI’s profit will be $55.80M for 7.48 P/E if the $0.72 EPS becomes a reality. After $0.65 actual EPS reported by PennyMac Financial Services, Inc. for the previous quarter, Wall Street now forecasts 10.77% EPS growth.

Among 12 analysts covering PennyMac Financial Services (NYSE:PFSI), 6 have Buy rating, 1 Sell and 5 Hold. Therefore 50% are positive. PennyMac Financial Services had 30 analyst reports since December 10, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, June 9 by Keefe Bruyette & Woods. Goldman Sachs downgraded PennyMac Financial Services, Inc. (NYSE:PFSI) on Wednesday, January 13 to “Neutral” rating. The stock has “Buy” rating by Piper Jaffray on Sunday, September 17. The stock has “Buy” rating by Piper Jaffray on Friday, November 3. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, December 21. The rating was maintained by Wells Fargo with “Outperform” on Wednesday, April 4. Wood downgraded the shares of PFSI in report on Monday, January 8 to “Market Perform” rating. The stock has “Mkt Perform” rating by JMP Securities on Wednesday, February 8. Piper Jaffray reinitiated the shares of PFSI in report on Friday, September 9 with “Overweight” rating. The firm has “Hold” rating given on Monday, January 8 by Keefe Bruyette & Woods.

Aqr Capital Management Llc, which manages about $95.29B US Long portfolio, upped its stake in Tenet Healthcare Corp (NYSE:THC) by 164,609 shares to 177,469 shares, valued at $2.69M in 2017Q4, according to the filing. It also increased its holding in Zoetis Inc (NYSE:ZTS) by 11,181 shares in the quarter, for a total of 111,987 shares, and has risen its stake in Overseas Shipholding Group I.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.16, from 1.06 in 2017Q3. It improved, as 10 investors sold PFSI shares while 27 reduced holdings. 19 funds opened positions while 26 raised stakes. 21.64 million shares or 2.18% more from 21.18 million shares in 2017Q3 were reported. Moreover, Rhumbline Advisers has 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI). Brown Brothers Harriman accumulated 70 shares. Susquehanna Intll Gru Ltd Liability Partnership holds 0% in PennyMac Financial Services, Inc. (NYSE:PFSI) or 16,636 shares. Millennium Lc invested in 25,336 shares or 0% of the stock. State Board Of Administration Of Florida Retirement Sys invested in 13,940 shares or 0% of the stock. Nordea Investment Mgmt holds 0.01% or 144,900 shares in its portfolio. Metropolitan Life Ins New York invested in 5,491 shares. Bessemer Gru invested in 26,400 shares. Price T Rowe Assocs Incorporated Md has 3.67M shares for 0.01% of their portfolio. Deutsche Bancshares Ag has 0% invested in PennyMac Financial Services, Inc. (NYSE:PFSI) for 109,845 shares. Bnp Paribas Arbitrage Sa holds 0% or 5,408 shares. Trexquant Ltd Partnership holds 0.06% or 22,397 shares. Livforsakringsbolaget Skandia Omsesidigt holds 7,000 shares. Boston Prtn, Massachusetts-based fund reported 567,159 shares. Royal Bankshares Of Canada holds 0% of its portfolio in PennyMac Financial Services, Inc. (NYSE:PFSI) for 53,845 shares.

Since February 12, 2018, it had 0 insider buys, and 1 sale for $1.51 million activity.

Spirit Of America Management Corp, which manages about $529.10M and $902.12 million US Long portfolio, upped its stake in Alexandria Real Estate Equities Inc. (NYSE:ARE) by 5,700 shares to 6,350 shares, valued at $829,000 in 2017Q4, according to the filing.

Investors sentiment decreased to 0.76 in 2017 Q4. Its down 0.14, from 0.9 in 2017Q3. It dropped, as 35 investors sold MMP shares while 186 reduced holdings. 49 funds opened positions while 118 raised stakes. 134.60 million shares or 0.07% more from 134.51 million shares in 2017Q3 were reported. Vaughan David Inc Il reported 20,000 shares. Plancorp Ltd Co owns 10,149 shares for 0.23% of their portfolio. Security Natl Trust invested 0.09% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Royal Bank Of Canada invested in 0.02% or 799,552 shares. Qci Asset Mngmt New York holds 0% or 278 shares. Chelsea Counsel Communications accumulated 13,332 shares. Regis Mngmt Company Ltd reported 0.07% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). Fayez Sarofim & stated it has 11,728 shares or 0% of all its holdings. One National Association reported 0.04% of its portfolio in Magellan Midstream Partners, L.P. (NYSE:MMP). 20,635 are held by Endurance Wealth Mgmt. Arrow Fin holds 0% or 125 shares. Atwood And Palmer Incorporated, Missouri-based fund reported 1,600 shares. Keybank National Association Oh reported 0.04% in Magellan Midstream Partners, L.P. (NYSE:MMP). Sfmg Ltd Liability Corp holds 52,787 shares. Cap Lc, a Ohio-based fund reported 11,216 shares.

Magellan Midstream Partners, L.P. (NYSE:MMP) Institutional Positions Chart

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