As Summit Midstream Partners LP (SMLP) Share Value Rose, Hmi Capital LLC Has Lifted Position

December 8, 2017 - By reb123z

Investors sentiment decreased to 1.33 in Q2 2017. Its down 0.07, from 1.4 in 2017Q1. It worsened, as 8 investors sold SMLP shares while 16 reduced holdings. 10 funds opened positions while 22 raised stakes. 35.74 million shares or 2.25% more from 34.95 million shares in 2017Q1 were reported. Goldman Sachs Group reported 1.07 million shares or 0.01% of all its holdings. Parallax Volatility Advisers Limited Partnership has 0% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 1,726 shares. Pnc Finance Group stated it has 1,000 shares or 0% of all its holdings. Wells Fargo Mn stated it has 51,647 shares. Bank Of Montreal Can stated it has 0% in Summit Midstream Partners, LP (NYSE:SMLP). Morgan Stanley accumulated 1.25M shares or 0.01% of the stock. Tph Asset Mgmt Ltd Liability Corp reported 588,757 shares. Moreover, Gp One Trading LP has 0% invested in Summit Midstream Partners, LP (NYSE:SMLP) for 1,653 shares. Emory University holds 87,560 shares or 1.75% of its portfolio. Green Square Capital Limited Liability Corporation holds 0.14% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 36,038 shares. National Bank & Trust Of America De holds 1.00 million shares or 0% of its portfolio. Texas Yale Corporation reported 18,400 shares. Spirit Of America Management invested in 366,558 shares. 60,776 are owned by Van Eck Corporation. Jpmorgan Chase holds 0% of its portfolio in Summit Midstream Partners, LP (NYSE:SMLP) for 525,011 shares.

Mick Hellman increased its stake in Summit Midstream Partners Lp (SMLP) by 12.99% based on its latest 2017Q2 regulatory filing with the SEC. Hmi Capital Llc bought 588,085 shares as the company’s stock rose 3.02% with the market. The hedge fund run by Mick Hellman held 5.11 million shares of the public utilities company at the end of 2017Q2, valued at $115.84 million, up from 4.53M at the end of the previous reported quarter. Hmi Capital Llc who had been investing in Summit Midstream Partners Lp for a number of months, seems to be bullish on the $1.44B market cap company. The stock increased 0.52% or $0.1 during the last trading session, reaching $19.3. About 167,725 shares traded or 33.84% up from the average. Summit Midstream Partners, LP (NYSE:SMLP) has risen 6.71% since December 8, 2016 and is uptrending. It has underperformed by 9.99% the S&P500.

Hmi Capital Llc, which manages about $266.04M and $636.10 million US Long portfolio, decreased its stake in Apollo Global Mgmt Llc (NYSE:APO) by 330,000 shares to 4.07M shares, valued at $107.62 million in 2017Q2, according to the filing.

More notable recent Summit Midstream Partners, LP (NYSE:SMLP) news were published by: Prnewswire.com which released: “Summit Midstream Partners, LP Announces Amendment and Extension of $1.25 …” on May 30, 2017, also Prnewswire.com with their article: “Summit Midstream Partners, LP Announces First Quarter 2017 Distribution and …” published on April 27, 2017, Seekingalpha.com published: “Summit Midstream Partners’ (SMLP) CEO Steve Newby on Q3 2017 Results …” on November 03, 2017. More interesting news about Summit Midstream Partners, LP (NYSE:SMLP) were released by: Prnewswire.com and their article: “Summit Midstream Partners, LP Announces New Greenfield Development Project for …” published on July 07, 2017 as well as Prnewswire.com‘s news article titled: “Summit Midstream Partners, LP Announces Public Offering of Series A Fixed-to …” with publication date: November 08, 2017.

Summit Midstream Partners, LP (NYSE:SMLP) Ratings Coverage

Among 8 analysts covering Summit Midstream Partners (NYSE:SMLP), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Summit Midstream Partners had 26 analyst reports since August 7, 2015 according to SRatingsIntel. The company was maintained on Thursday, July 6 by RBC Capital Markets. The firm earned “Outperform” rating on Friday, August 12 by Robert W. Baird. The rating was maintained by RBC Capital Markets on Tuesday, September 6 with “Outperform”. Goldman Sachs maintained it with “Neutral” rating and $18 target in Thursday, May 12 report. Credit Suisse initiated the shares of SMLP in report on Tuesday, May 24 with “Neutral” rating. On Friday, January 15 the stock rating was downgraded by Wells Fargo to “Market Perform”. The firm has “Neutral” rating given on Friday, January 27 by Credit Suisse. RBC Capital Markets maintained Summit Midstream Partners, LP (NYSE:SMLP) on Sunday, October 15 with “Buy” rating. The stock has “Buy” rating by Robert W. Baird on Wednesday, September 20. The firm has “Neutral” rating by Goldman Sachs given on Friday, March 11.

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