Highland Capital Management LP Has Decreased Its Sunoco LP (SUN) Position; Western Asset Has 1.11 Sentiment

November 15, 2017 - By Richard Conner

Western Asset/Claymore Inflation-Linked Opportunities & Income Fund is a diversified, closed-end management investment company. The company has market cap of $687.71 million. The Fund’s investment objective is to provide current income for its shareholders. It currently has negative earnings. Capital appreciation is its secondary investment objective.

Highland Capital Management Lp decreased Sunoco Lp (SUN) stake by 56.69% reported in 2017Q2 SEC filing. Highland Capital Management Lp sold 38,421 shares as Sunoco Lp (SUN)’s stock rose 8.17%. The Highland Capital Management Lp holds 29,354 shares with $899,000 value, down from 67,775 last quarter. Sunoco Lp now has $2.98B valuation. The stock declined 1.06% or $0.32 reaching $30 per share. About 12,125 shares traded. Sunoco LP (NYSE:SUN) has declined 6.50% since November 15, 2016 and is downtrending. It has underperformed by 23.20% the S&P500.

Analysts await Sunoco LP (NYSE:SUN) to report earnings on February, 28. They expect $0.50 EPS, down 39.76% or $0.33 from last year’s $0.83 per share. SUN’s profit will be $49.67M for 15.00 P/E if the $0.50 EPS becomes a reality. After $1.02 actual EPS reported by Sunoco LP for the previous quarter, Wall Street now forecasts -50.98% negative EPS growth.

Investors sentiment increased to 1.24 in Q2 2017. Its up 0.10, from 1.14 in 2017Q1. It increased, as 16 investors sold SUN shares while 22 reduced holdings. 22 funds opened positions while 25 raised stakes. 29.40 million shares or 17.65% more from 24.99 million shares in 2017Q1 were reported. Hudson Valley Investment Advsrs Adv stated it has 0.07% of its portfolio in Sunoco LP (NYSE:SUN). Millennium Mgmt Ltd Liability Corp holds 0% or 12,252 shares in its portfolio. Wfg Advsr Lp stated it has 200 shares or 0% of all its holdings. Bb&T Secs Ltd Llc invested 0.02% of its portfolio in Sunoco LP (NYSE:SUN). Spirit Of America Mngmt Ny reported 213,729 shares. Raymond James has invested 0.02% in Sunoco LP (NYSE:SUN). Financial Architects reported 150 shares. Benjamin F Edwards And Company invested in 2,564 shares or 0.01% of the stock. 4,075 are held by X Lc. Credit Suisse Ag accumulated 27,789 shares or 0% of the stock. Jane Street Grp Ltd Liability owns 23,494 shares for 0% of their portfolio. Baldwin Brothers Ma stated it has 0.05% in Sunoco LP (NYSE:SUN). Royal National Bank & Trust Of Canada has 0% invested in Sunoco LP (NYSE:SUN) for 57,915 shares. 11,399 are owned by Avalon Advsr Llc. Moreover, Cullen Frost Bankers has 0.01% invested in Sunoco LP (NYSE:SUN).

Highland Capital Management Lp increased Barnes & Noble Inc (NYSE:BKS) stake by 272,327 shares to 388,627 valued at $2.95 million in 2017Q2. It also upped Nxp Semiconductors N V (NASDAQ:NXPI) stake by 9,700 shares and now owns 27,285 shares. Jernigan Cap Inc was raised too.

Among 17 analysts covering Sunoco Inc. (NYSE:SUN), 5 have Buy rating, 4 Sell and 8 Hold. Therefore 29% are positive. Sunoco Inc. had 58 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Robert W. Baird given on Thursday, August 4. RBC Capital Markets maintained Sunoco LP (NYSE:SUN) rating on Monday, April 3. RBC Capital Markets has “Buy” rating and $29 target. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, April 19. RBC Capital Markets maintained it with “Buy” rating and $35.0 target in Tuesday, September 5 report. UBS downgraded the stock to “Neutral” rating in Tuesday, April 11 report. The stock has “Buy” rating by RBC Capital Markets on Monday, October 9. The firm has “Hold” rating given on Tuesday, March 22 by Jefferies. Barclays Capital upgraded Sunoco LP (NYSE:SUN) on Friday, April 7 to “Overweight” rating. The stock has “Outperform” rating by Credit Suisse on Wednesday, December 21. The stock of Sunoco LP (NYSE:SUN) earned “Hold” rating by Jefferies on Thursday, June 22.

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