Tech Data (TECD) Holder Convergence Investment Partners Decreased Position; Golar Lng LTD Bermuda (GLNG) Holder Luxor Capital Group LP Increased Position

August 10, 2018 - By Joseph Taylor

Golar LNG Limited (NASDAQ:GLNG) Logo

Convergence Investment Partners Llc decreased its stake in Tech Data Corp (TECD) by 97.93% based on its latest 2018Q1 regulatory filing with the SEC. Convergence Investment Partners Llc sold 16,787 shares as the company’s stock declined 22.80% with the market. The institutional investor held 355 shares of the computer software & peripheral equipment company at the end of 2018Q1, valued at $30,000, down from 17,142 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Tech Data Corp for a number of months, seems to be less bullish one the $3.28B market cap company. The stock increased 0.51% or $0.43 during the last trading session, reaching $85.5. About 89,167 shares traded. Tech Data Corporation (NASDAQ:TECD) has declined 14.61% since August 10, 2017 and is downtrending. It has underperformed by 27.18% the S&P500. Some Historical TECD News: 14/05/2018 – Six Tech Data Executives Recognized on CRN’s 2018 Women of the Channel List; 08/03/2018 – Tech Data Closes Below 200-Day Moving Average: Technicals; 06/03/2018 Tech Data Wins Fortinet 2017 Distribution Partner of the Year Award; 08/03/2018 – TECH DATA 4Q ADJ EPS $3.50, EST. $3.47; 08/05/2018 – iPass Partners with Tech Data to Improve Operational Efficiency and Quality of Service While Reducing Operating Expenses; 08/03/2018 – Tech Data Sees 1Q EPS 37c-EPS 67c; 15/05/2018 – Lyrical Asset Management Buys New 4.5% Position in Tech Data; 19/04/2018 – Tech Data Names Richard Hume CEO, Succeeding Dutkowsky; 08/03/2018 – Tech Data Sees 1Q Adj EPS $1.30-Adj EPS $1.60; 07/05/2018 – Tech Data Recognized as Americas Distributor of the Year by Riverbed Technology

Luxor Capital Group Lp increased its stake in Golar Lng Ltd Bermuda (GLNG) by 57.94% based on its latest 2018Q1 regulatory filing with the SEC. Luxor Capital Group Lp bought 617,037 shares as the company’s stock rose 20.09% while stock markets declined. The hedge fund held 1.68M shares of the marine transportation company at the end of 2018Q1, valued at $46.02 million, up from 1.07M at the end of the previous reported quarter. Luxor Capital Group Lp who had been investing in Golar Lng Ltd Bermuda for a number of months, seems to be bullish on the $2.55 billion market cap company. The stock decreased 0.40% or $0.1 during the last trading session, reaching $25.19. About 619,426 shares traded. Golar LNG Limited (NASDAQ:GLNG) has risen 24.26% since August 10, 2017 and is uptrending. It has outperformed by 11.69% the S&P500. Some Historical GLNG News: 19/04/2018 – GOLAR LNG LTD – POWER PROJECT WILL GENERATE A FORECASTED ANNUAL EBITDA OF US$323 MLN AT CURRENT EXCHANGE RATES, PRIOR TO ANY DISPATCH; 19/04/2018 – GOLAR LNG SAYS CELSE TO RECEIVE $1.34B UNDER PROJECT FINANCING; 19/04/2018 – GOLAR LNG SAYS TOTAL PROJECT CAPEX TO BE ABOUT $1.74B; 19/04/2018 – Golar Power Reaches Fincl Closing on 1.5GW Sergipe Power Project; 19/04/2018 – GOLAR LNG – PRELIMINARY AGREEMENT, EXCHANGED HOT FOR CHARTER AGREEMENT WITH BP MAURITANIA INVESTMENTS, BP SENEGAL INVESTMENTS; 31/05/2018 – GOLAR LNG LTD – GOLAR’S SHARE OF ANNUAL EBITDA FROM EFFECTIVE INTEREST IN POWER STATION AND FSRU IS EXPECTED TO BE AROUND $100 MLN; 31/05/2018 – OPHIR ENERGY SAYS GOLAR AND OPHIR REMAIN ACTIVELY ENGAGED IN SENIOR LEVEL DISCUSSIONS WITH A NUMBER OF COUNTERPARTIES OVER A FINANCING SOLUTION FOR THE PROJECT; 19/03/2018 – REG-Golar LNG Limited & Golar LNG Partners L.P. announce organizational changes; 19/04/2018 – Golar LNG enters into a Preliminary Agreement and exchanges Heads of Terms for an FLNG vessel for Phase 1A of the Greater Tortu; 11/05/2018 – GLOBAL LNG-June prices slip on healthy supply

Another recent and important Tech Data Corporation (NASDAQ:TECD) news was published by Bizjournals.com which published an article titled: “Husband-and-wife team, former Valpak and Girl Scouts executives, buy St. Pete fitness company” on August 09, 2018.

Among 9 analysts covering Tech Data Corp (NASDAQ:TECD), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Tech Data Corp had 24 analyst reports since August 18, 2015 according to SRatingsIntel. Raymond James upgraded the stock to “Mkt Perform” rating in Wednesday, November 25 report. As per Friday, June 2, the company rating was upgraded by Citigroup. The stock of Tech Data Corporation (NASDAQ:TECD) has “Buy” rating given on Friday, September 1 by Loop Capital Markets. The rating was initiated by Bank of America with “Underperform” on Tuesday, August 18. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Hold” rating by Raymond James on Tuesday, November 28. Citigroup maintained the stock with “Sell” rating in Thursday, September 22 report. As per Friday, March 9, the company rating was maintained by Citigroup. The stock of Tech Data Corporation (NASDAQ:TECD) earned “Buy” rating by Stifel Nicolaus on Thursday, March 8. The stock of Tech Data Corporation (NASDAQ:TECD) has “Sell” rating given on Friday, May 27 by Citigroup. The rating was maintained by Needham with “Buy” on Wednesday, October 11.

Analysts await Tech Data Corporation (NASDAQ:TECD) to report earnings on August, 30. They expect $2.14 EPS, up 22.99% or $0.40 from last year’s $1.74 per share. TECD’s profit will be $82.00 million for 9.99 P/E if the $2.14 EPS becomes a reality. After $1.84 actual EPS reported by Tech Data Corporation for the previous quarter, Wall Street now forecasts 16.30% EPS growth.

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.56, from 1.39 in 2017Q4. It turned negative, as 35 investors sold TECD shares while 93 reduced holdings. 37 funds opened positions while 69 raised stakes. 35.73 million shares or 1.77% more from 35.11 million shares in 2017Q4 were reported. Phocas Finance Corp invested in 0.45% or 61,683 shares. 1.51M are owned by Lsv Asset. Btim holds 305,082 shares or 0.39% of its portfolio. Peak6 Investments Limited Partnership has invested 0.01% in Tech Data Corporation (NASDAQ:TECD). Massachusetts-based Panagora Asset Management has invested 0% in Tech Data Corporation (NASDAQ:TECD). Matarin Mgmt Limited Liability Com holds 0% or 103,528 shares in its portfolio. Northcoast Asset Management Limited Liability Corp owns 7,311 shares for 0.06% of their portfolio. Renaissance Llc reported 0% of its portfolio in Tech Data Corporation (NASDAQ:TECD). Prelude Capital Limited Liability Corporation has 1,540 shares for 0.01% of their portfolio. 10,276 were reported by First Quadrant LP Ca. Ls Inv Ltd Co stated it has 1,963 shares. Capital Fund Management has invested 0.01% in Tech Data Corporation (NASDAQ:TECD). Leuthold Gp Lc accumulated 5,572 shares or 0.05% of the stock. 2,490 were accumulated by Ww Asset Management. Teachers Retirement Systems Of The State Of Kentucky reported 7,401 shares.

Convergence Investment Partners Llc, which manages about $492.68 million and $767.63M US Long portfolio, upped its stake in Potlatchdeltic Corporation (NASDAQ:PCH) by 26,409 shares to 88,887 shares, valued at $4.63 million in 2018Q1, according to the filing. It also increased its holding in Kohls Corp (NYSE:KSS) by 42,501 shares in the quarter, for a total of 63,615 shares, and has risen its stake in Exelon Corp (NYSE:EXC).

Among 13 analysts covering Golar LNG Limited (NASDAQ:GLNG), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Golar LNG Limited had 35 analyst reports since August 18, 2015 according to SRatingsIntel. The stock of Golar LNG Limited (NASDAQ:GLNG) has “Equal-Weight” rating given on Monday, February 12 by Morgan Stanley. Cowen & Co maintained Golar LNG Limited (NASDAQ:GLNG) rating on Thursday, November 30. Cowen & Co has “Buy” rating and $41.0 target. Nordea downgraded the stock to “Hold” rating in Friday, January 27 report. The firm has “Outperform” rating given on Thursday, October 20 by Cowen & Co. The stock of Golar LNG Limited (NASDAQ:GLNG) has “Buy” rating given on Wednesday, November 23 by Seaport Global. The rating was downgraded by DNB Markets to “Hold” on Friday, April 29. The firm earned “Outperform” rating on Monday, May 9 by Credit Suisse. The company was initiated on Friday, September 18 by Credit Suisse. On Monday, June 4 the stock rating was maintained by Morgan Stanley with “Overweight”. Cowen & Co maintained the shares of GLNG in report on Tuesday, December 12 with “Buy” rating.

Luxor Capital Group Lp, which manages about $10.73 billion and $2.95B US Long portfolio, decreased its stake in C&J Energy Svcs Inc New by 1.35 million shares to 14,299 shares, valued at $369,000 in 2018Q1, according to the filing. It also reduced its holding in Spdr S&P 500 Etf Tr (Put) (SPY) by 2.49M shares in the quarter, leaving it with 542,900 shares, and cut its stake in Liberty Global Plc (NASDAQ:LBTYK).

More recent Golar LNG Limited (NASDAQ:GLNG) news were published by: 247Wallst.com which released: “Jefferies Franchise List Mid-Cap Picks Have Big Upside Potential” on July 25, 2018. Also Seekingalpha.com published the news titled: “Do Chinese LNG Tariffs Matter?” on August 08, 2018. Globenewswire.com‘s news article titled: “Completion of sale of equity interest in Golar Hilli LLC” with publication date: July 12, 2018 was also an interesting one.

Tech Data Corporation (NASDAQ:TECD) Institutional Positions Chart

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