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Center Coast Capital Advisors LP Position in Mplx LP (MPLX) Decreased as Stock Value Declined; Cbs New Class B (CBS) Shares Declined While Harvey Capital Management Upped Position by $1.41 Million

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Center Coast Capital Advisors Lp decreased its stake in Mplx Lp (MPLX) by 13.84% based on its latest 2017Q4 regulatory filing with the SEC. Center Coast Capital Advisors Lp sold 1.22 million shares as the company’s stock declined 8.11% with the market. The hedge fund held 7.58 million shares of the natural gas distribution company at the end of 2017Q4, valued at $268.70 million, down from 8.79 million at the end of the previous reported quarter. Center Coast Capital Advisors Lp who had been investing in Mplx Lp for a number of months, seems to be less bullish one the $28.50B market cap company. The stock increased 2.05% or $0.72 during the last trading session, reaching $35.89. About 736,184 shares traded. MPLX LP (NYSE:MPLX) has declined 6.29% since May 17, 2017 and is downtrending. It has underperformed by 17.84% the S&P500.

Harvey Capital Management Inc increased its stake in Cbs Corp New Class B (CBS) by 17.97% based on its latest 2017Q4 regulatory filing with the SEC. Harvey Capital Management Inc bought 24,385 shares as the company’s stock declined 13.00% with the market. The institutional investor held 160,046 shares of the broadcasting company at the end of 2017Q4, valued at $9.44 million, up from 135,661 at the end of the previous reported quarter. Harvey Capital Management Inc who had been investing in Cbs Corp New Class B for a number of months, seems to be bullish on the $18.97 billion market cap company. The stock decreased 7.06% or $3.8 during the last trading session, reaching $50.03. About 6.24 million shares traded or 66.26% up from the average. CBS Corporation (NYSE:CBS) has declined 22.43% since May 17, 2017 and is downtrending. It has underperformed by 33.98% the S&P500.

Since December 11, 2017, it had 0 insider buys, and 1 sale for $74,000 activity.

Analysts await MPLX LP (NYSE:MPLX) to report earnings on July, 26. They expect $0.53 EPS, up 103.85% or $0.27 from last year’s $0.26 per share. MPLX’s profit will be $420.81 million for 16.93 P/E if the $0.53 EPS becomes a reality. After $0.61 actual EPS reported by MPLX LP for the previous quarter, Wall Street now forecasts -13.11% negative EPS growth.

Investors sentiment decreased to 0.82 in 2017 Q4. Its down 0.22, from 1.04 in 2017Q3. It fall, as 32 investors sold MPLX shares while 89 reduced holdings. 26 funds opened positions while 73 raised stakes. 250.53 million shares or 3.20% less from 258.81 million shares in 2017Q3 were reported. Ing Groep Nv accumulated 340,000 shares or 0.2% of the stock. Advantus Cap Mngmt invested 0.11% of its portfolio in MPLX LP (NYSE:MPLX). Texas-based Center Coast Advsr Ltd Partnership has invested 7.23% in MPLX LP (NYSE:MPLX). Optimum has 0.1% invested in MPLX LP (NYSE:MPLX) for 8,833 shares. Brookfield Asset Mgmt Inc has 1.19% invested in MPLX LP (NYSE:MPLX). Stockbridge Prns Ltd Co reported 5.72 million shares stake. Bamco reported 0% in MPLX LP (NYSE:MPLX). Hilton Mngmt Ltd reported 7,785 shares. Pinnacle Limited Liability Corp invested in 1.24% or 96,116 shares. Freestone Cap Hldgs, Washington-based fund reported 162,228 shares. Asset invested in 59,576 shares or 0.03% of the stock. Endowment Mngmt Ltd Partnership holds 0.04% in MPLX LP (NYSE:MPLX) or 8,600 shares. Shikiar Asset Management Inc invested in 1.59% or 95,940 shares. Creative Planning invested 0% of its portfolio in MPLX LP (NYSE:MPLX). 775 are owned by Cwm Ltd Llc.

More news for MPLX LP (NYSE:MPLX) were recently published by: Seekingalpha.com, which released: “Wally And The Beaver In MLP Land” on April 22, 2018. Fool.com‘s article titled: “A New Question Now Hovers Over MPLX’s Earnings” and published on May 08, 2018 is yet another important article.

Center Coast Capital Advisors Lp, which manages about $3.24B and $3.72 billion US Long portfolio, upped its stake in Boardwalk Pipeline Partners (NYSE:BWP) by 1.40M shares to 1.40M shares, valued at $18.06 million in 2017Q4, according to the filing. It also increased its holding in Hess Midstream Partners Lp by 34,119 shares in the quarter, for a total of 34,963 shares, and has risen its stake in Alerian Mlp Etf (AMLP).

Among 21 analysts covering MPLX LP (NYSE:MPLX), 17 have Buy rating, 0 Sell and 4 Hold. Therefore 81% are positive. MPLX LP had 67 analyst reports since October 20, 2015 according to SRatingsIntel. UBS maintained it with “Buy” rating and $44 target in Friday, October 27 report. The stock has “Buy” rating by RBC Capital Markets on Friday, July 28. The firm has “Sector Outperform” rating by Howard Weil given on Tuesday, December 15. The stock of MPLX LP (NYSE:MPLX) earned “Buy” rating by RBC Capital Markets on Monday, October 9. The firm has “Market Perform” rating by Raymond James given on Thursday, April 21. The rating was maintained by Stifel Nicolaus on Thursday, October 5 with “Buy”. As per Friday, September 9, the company rating was initiated by FBR Capital. The rating was maintained by Stifel Nicolaus with “Buy” on Monday, September 4. The firm earned “Buy” rating on Monday, November 30 by Ladenburg Thalmann. Jefferies initiated it with “Hold” rating and $35 target in Tuesday, August 23 report.

Among 38 analysts covering CBS Corp (NYSE:CBS), 29 have Buy rating, 0 Sell and 9 Hold. Therefore 76% are positive. CBS Corp had 119 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, September 21 by Piper Jaffray. The firm has “Outperform” rating by Credit Suisse given on Friday, November 3. Needham maintained CBS Corporation (NYSE:CBS) rating on Friday, November 3. Needham has “Buy” rating and $70.0 target. The rating was maintained by Rosenblatt with “Buy” on Tuesday, January 16. On Thursday, February 16 the stock rating was maintained by RBC Capital Markets with “Outperform”. Bernstein upgraded CBS Corporation (NYSE:CBS) on Tuesday, May 15 to “Outperform” rating. The firm has “Buy” rating given on Friday, June 16 by Benchmark. The stock has “Market Perform” rating by Telsey Advisory Group on Tuesday, December 13. The firm has “Buy” rating by Drexel Hamilton given on Tuesday, September 6. Barclays Capital maintained CBS Corporation (NYSE:CBS) on Friday, August 14 with “Equal-Weight” rating.

More notable recent CBS Corporation (NYSE:CBS) news were published by: Seekingalpha.com which released: “National Amusements to CBS: See you in court” on May 14, 2018, also 247Wallst.com with their article: “Top Analyst Upgrades and Downgrades: CBS, Ford, Pivotal Software, Spotify, Symantec, Ulta Beauty and More” published on May 15, 2018, Benzinga.com published: “Bernstein: ‘Almost 0%’ Chance Of A CBS-Viacom Reunion” on May 15, 2018. More interesting news about CBS Corporation (NYSE:CBS) were released by: Streetinsider.com and their article: “National Amusement says it will amend CBS (CBS) bylaws to require a supermajority of CBS board to approve …” published on May 16, 2018 as well as Seekingalpha.com‘s news article titled: “McIntyre Partnerships Q1 Letter: Long Public Hedge Fund Spinoff” with publication date: May 16, 2018.

Investors sentiment decreased to 0.59 in Q4 2017. Its down 0.44, from 1.03 in 2017Q3. It worsened, as 80 investors sold CBS shares while 278 reduced holdings. 65 funds opened positions while 148 raised stakes. 226.28 million shares or 0.25% more from 225.71 million shares in 2017Q3 were reported. Riverhead Cap Management Limited Liability reported 0.04% stake. First Manhattan Commerce has 0.01% invested in CBS Corporation (NYSE:CBS). Engineers Gate Manager LP owns 6,761 shares for 0.03% of their portfolio. Utah Retirement System holds 0.08% or 62,018 shares in its portfolio. One National Association stated it has 13,273 shares or 0.05% of all its holdings. Atria Invs Ltd Liability invested 0.03% in CBS Corporation (NYSE:CBS). Stevens Cap Ltd Partnership holds 180,299 shares. Moneta Grp Incorporated Inv Ltd Liability stated it has 200 shares or 0% of all its holdings. Clearbridge Ltd Com holds 0.78% of its portfolio in CBS Corporation (NYSE:CBS) for 636,983 shares. British Columbia Invest Management holds 158,949 shares or 0.07% of its portfolio. Public Sector Pension Invest Board owns 38,986 shares or 0.02% of their US portfolio. Dsc Ltd Partnership accumulated 2.91% or 85,000 shares. Focused Invsts Ltd reported 6.15% of its portfolio in CBS Corporation (NYSE:CBS). Winslow Evans & Crocker Inc holds 0.01% of its portfolio in CBS Corporation (NYSE:CBS) for 658 shares. Blb&B Advsr Ltd stated it has 0.07% of its portfolio in CBS Corporation (NYSE:CBS).

Harvey Capital Management Inc, which manages about $386.73 million and $275.94M US Long portfolio, decreased its stake in Acadia Pharmaceuticals Inc (NASDAQ:ACAD) by 11,858 shares to 218,842 shares, valued at $6.59 million in 2017Q4, according to the filing. It also reduced its holding in Akamai (NASDAQ:AKAM) by 21,825 shares in the quarter, leaving it with 25,855 shares, and cut its stake in Hexcel (NYSE:HXL).

CBS Corporation (NYSE:CBS) Institutional Positions Chart

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