As Magnachip Semiconductor (MX) Shares Rose, Brigade Capital Management LP Trimmed Its Position; Monarch Alternative Capital LP Has Boosted Holding in Spirit Realty Capital (SRC) as Share Price Rose

August 10, 2018 - By Joseph Taylor

Spirit Realty Capital, Inc. (NYSE:SRC) Logo

Brigade Capital Management Lp decreased its stake in Magnachip Semiconductor Corp (MX) by 5.57% based on its latest 2018Q1 regulatory filing with the SEC. Brigade Capital Management Lp sold 174,294 shares as the company’s stock rose 13.85% while stock markets declined. The hedge fund held 2.96 million shares of the semiconductors company at the end of 2018Q1, valued at $28.38 million, down from 3.13 million at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Magnachip Semiconductor Corp for a number of months, seems to be less bullish one the $425.88 million market cap company. The stock increased 2.07% or $0.25 during the last trading session, reaching $12.35. About 372,233 shares traded or 36.79% up from the average. MagnaChip Semiconductor Corporation (NYSE:MX) has risen 29.07% since August 10, 2017 and is uptrending. It has outperformed by 16.50% the S&P500. Some Historical MX News: 30/04/2018 – MagnaChip Sees 2Q Rev $182M-$188M; 14/05/2018 – K2 Principal Buys New 2.5% Position in Magnachip Semiconductor; 19/03/2018 – MagnaChip Offers Automotive-Grade 0.18 micron BCD Process Technology with up to 100V Operation Voltage; 08/03/2018 All countries hit by US metals tariffs can negotiate exclusions -AP report; 30/04/2018 – MagnaChip 1Q EPS 8c; 16/04/2018 – MagnaChip to Host Annual Foundry Technology Symposium in Santa Clara, California on May 23, 2018; 14/05/2018 – Earn 7.5% Yield To Maturity With MagnaChip Semiconductor 2021 Bonds; 30/04/2018 – MagnaChip 1Q Adj EPS 4c; 19/04/2018 – Magnachip Semiconductor Closes Below 50-Day Average: Technicals; 22/05/2018 – Magnachip Semiconductor Presenting at Conference Tomorrow

Monarch Alternative Capital Lp increased its stake in Spirit Realty Capital Inc (SRC) by 186.93% based on its latest 2018Q1 regulatory filing with the SEC. Monarch Alternative Capital Lp bought 4.25M shares as the company’s stock rose 11.35% while stock markets declined. The hedge fund held 6.52 million shares of the consumer services company at the end of 2018Q1, valued at $50.63 million, up from 2.27M at the end of the previous reported quarter. Monarch Alternative Capital Lp who had been investing in Spirit Realty Capital Inc for a number of months, seems to be bullish on the $3.64 billion market cap company. The stock increased 1.07% or $0.09 during the last trading session, reaching $8.49. About 5.27 million shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 17.41% since August 10, 2017 and is uptrending. It has outperformed by 4.84% the S&P500. Some Historical SRC News: 13/04/2018 – Spirit MTA REIT Publicly Files Amended Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Capital; 13/04/2018 – SPIRIT REALTY CAPITAL – AMENDED REGISTRATION STATEMENT IN CONNECTION WITH SPIN-OFF OF CERTAIN ASSETS OF CO INTO SMTA; 17/05/2018 – Spirit Realty Favored by 5 Hedge Funds, 13Fs Show; 21/03/2018 – SPIRIT REALTY CAPITAL – MOST RECENTLY, HUGHES WAS CFO AT FELCOR LODGING TRUST; 01/05/2018 – SPIRIT REALTY CAPITAL 1Q AFFO/SHR 22C EX-CASH SEVERANCE CHARGE; 10/05/2018 – Spirit Realty Capital Announces Effectiveness of SMTA REIT Form 10 Registration Statement; 04/05/2018 – Spirit MTA REIT Publicly Files Second Amendment to Form 10 Registration Statement in Connection with Planned Spin-off from Spirit Realty Capital; 21/03/2018 – SPIRIT REALTY CAPITAL, NAMES MICHAEL HUGHES AS CFO; 01/05/2018 – Spirit Realty Capital 1Q EPS 6c; 15/05/2018 – Mangrove Capital Adds Spirit Realty, Exits SunCoke Energy: 13F

Analysts await MagnaChip Semiconductor Corporation (NYSE:MX) to report earnings on November, 7. They expect $0.23 EPS, down 14.81% or $0.04 from last year’s $0.27 per share. MX’s profit will be $7.93M for 13.42 P/E if the $0.23 EPS becomes a reality. After $0.23 actual EPS reported by MagnaChip Semiconductor Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Investors sentiment decreased to 0.66 in Q1 2018. Its down 0.37, from 1.03 in 2017Q4. It fall, as 13 investors sold MX shares while 25 reduced holdings. 15 funds opened positions while 10 raised stakes. 23.09 million shares or 9.91% less from 25.63 million shares in 2017Q4 were reported. Royal Bancorp Of Canada owns 54 shares. Morgan Stanley owns 1.36 million shares for 0% of their portfolio. Moreover, Manufacturers Life The has 0.01% invested in MagnaChip Semiconductor Corporation (NYSE:MX) for 710,092 shares. 358,872 are held by Shannon River Fund Management Lc. Barclays Public Limited Com stated it has 0% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Pdt Partners Lc reported 114,300 shares. 378,822 were reported by D E Shaw & Co Inc. Stratos Wealth Limited owns 998 shares for 0% of their portfolio. Brigade Cap Mngmt L P, New York-based fund reported 2.96 million shares. S Squared Tech Limited Liability Corp holds 190,157 shares. Regions Financial holds 0% or 200 shares in its portfolio. Cohen Cap Mngmt Incorporated reported 0.7% of its portfolio in MagnaChip Semiconductor Corporation (NYSE:MX). Alliancebernstein Limited Partnership has 2.63 million shares for 0.02% of their portfolio. Kerrisdale Advisers Llc has 140,000 shares for 0.93% of their portfolio. 2.45 million were reported by North Run Cap L P.

More recent MagnaChip Semiconductor Corporation (NYSE:MX) news were published by: Streetinsider.com which released: “After-Hours Stock Movers 07/30: (MX) (MEDP) (CHGG) Higher; (HLIT) (VRNS) (TXRH) Lower (more…)” on July 30, 2018. Also Seekingalpha.com published the news titled: “MagnaChip Semiconductor Corporation (MX) CEO YJ Kim on Q2 2018 Results – Earnings Call Transcript” on July 31, 2018. Benzinga.com‘s news article titled: “52 Stocks Moving In Tuesday’s Mid-Day Session” with publication date: July 31, 2018 was also an interesting one.

Brigade Capital Management Lp, which manages about $17.09 billion and $2.20B US Long portfolio, upped its stake in Ishares Tr (Put) (IWM) by 3.04M shares to 4.41M shares, valued at $669.57 million in 2018Q1, according to the filing. It also increased its holding in Advanced Micro Devices Inc (Call) (NASDAQ:AMD) by 500,000 shares in the quarter, for a total of 1.50M shares, and has risen its stake in Forterra Inc.

Since February 12, 2018, it had 8 buys, and 0 sales for $619,468 activity. 20,000 shares were bought by NADER TAVAKOLI, worth $188,600 on Monday, February 12. Kim Theodore S bought $45,438 worth of stock or 5,000 shares. 3,600 MagnaChip Semiconductor Corporation (NYSE:MX) shares with value of $32,432 were bought by KEATING MELVIN L. Klein Randal T had bought 5,000 shares worth $53,925 on Wednesday, May 2. $81,325 worth of MagnaChip Semiconductor Corporation (NYSE:MX) shares were bought by Kim Young-Joon. 8,000 shares were bought by Kim Jonathan W, worth $72,598.

Among 5 analysts covering MagnaChip Semi (NYSE:MX), 4 have Buy rating, 0 Sell and 1 Hold. Therefore 80% are positive. MagnaChip Semi had 16 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Citigroup on Monday, August 7. The firm has “Neutral” rating given on Wednesday, May 10 by Citigroup. Needham upgraded the stock to “Buy” rating in Friday, January 13 report. The rating was maintained by Roth Capital with “Buy” on Wednesday, June 14. The stock has “Buy” rating by Roth Capital on Wednesday, August 9. Roth Capital maintained MagnaChip Semiconductor Corporation (NYSE:MX) on Wednesday, August 30 with “Buy” rating. On Sunday, July 30 the stock rating was maintained by Roth Capital with “Buy”. Roth Capital initiated MagnaChip Semiconductor Corporation (NYSE:MX) rating on Thursday, September 29. Roth Capital has “Buy” rating and $10 target. Needham maintained the stock with “Buy” rating in Friday, August 4 report. The stock of MagnaChip Semiconductor Corporation (NYSE:MX) earned “Buy” rating by Needham on Thursday, July 13.

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 6 have Buy rating, 0 Sell and 12 Hold. Therefore 33% are positive. Spirit Realty Capital had 57 analyst reports since July 23, 2015 according to SRatingsIntel. Morgan Stanley maintained Spirit Realty Capital, Inc. (NYSE:SRC) on Monday, February 5 with “Equal-Weight” rating. The firm has “Buy” rating by Wunderlich given on Tuesday, May 10. The rating was downgraded by Bank of America on Monday, December 5 to “Underperform”. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Perform” rating given on Tuesday, January 5 by Oppenheimer. BTIG Research downgraded the shares of SRC in report on Thursday, June 21 to “Hold” rating. As per Monday, November 13, the company rating was maintained by Ladenburg. RBC Capital Markets maintained the shares of SRC in report on Friday, August 7 with “Sector Perform” rating. Wunderlich initiated Spirit Realty Capital, Inc. (NYSE:SRC) rating on Tuesday, October 27. Wunderlich has “Buy” rating and $12.50 target. On Wednesday, January 24 the stock rating was upgraded by Capital One to “Equal-Weight”. Mizuho downgraded Spirit Realty Capital, Inc. (NYSE:SRC) on Friday, December 16 to “Neutral” rating.

Investors sentiment increased to 1.08 in 2018 Q1. Its up 0.11, from 0.97 in 2017Q4. It improved, as 32 investors sold SRC shares while 80 reduced holdings. 40 funds opened positions while 81 raised stakes. 393.89 million shares or 2.24% less from 402.93 million shares in 2017Q4 were reported. Point72 Asia (Hong Kong) Limited reported 0.05% stake. Jefferies Grp Ltd Com invested in 25,400 shares. Dupont Mgmt Corporation owns 29,479 shares for 0.01% of their portfolio. Lincoln has 20,514 shares for 0.01% of their portfolio. Altalis Mngmt Llc, a New York-based fund reported 212,900 shares. Barclays Plc stated it has 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Amp Investors Ltd has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). Arcadia Inv Mgmt Corp Mi reported 1,750 shares. Amer Century Cos owns 1.93M shares or 0.02% of their US portfolio. Fifth Third Financial Bank holds 890 shares or 0% of its portfolio. Sumitomo Mitsui Inc has 0% invested in Spirit Realty Capital, Inc. (NYSE:SRC) for 447,075 shares. State Of Wisconsin Inv Board has 91,290 shares. Bluecrest Capital Mgmt Limited has invested 0.05% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC). Moreover, Renaissance Technology Ltd Liability Co has 0.03% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Pensionfund Dsm Netherlands accumulated 0.31% or 223,000 shares.

More news for Spirit Realty Capital, Inc. (NYSE:SRC) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows Cornerstone OnDemand, American International Group, Douglas Emmett, Baker Hughes, a GE …” on August 09, 2018. Seekingalpha.com‘s article titled: “Spirit Realty Capital (SRC) CEO Jackson Hsieh on Q2 2018 Results – Earnings Call Transcript” and published on August 08, 2018 is yet another important article.

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