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Hmi Capital LLC Has Lowered Stake in Apollo Global Mgmt LLC (APO) as Stock Value Rose

December 8, 2017 - By Marguerite Chambers

Investors sentiment decreased to 1.35 in 2017 Q2. Its down 0.40, from 1.75 in 2017Q1. It turned negative, as 16 investors sold APO shares while 50 reduced holdings. 37 funds opened positions while 52 raised stakes. 135.71 million shares or 10.16% more from 123.20 million shares in 2017Q1 were reported. Goldman Sachs Gp Inc, New York-based fund reported 4.97M shares. Covey Cap Ltd Liability holds 3.18% or 111,412 shares. Evercore Wealth Management Lc stated it has 0.04% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Conning Inc reported 0.01% stake. Alps holds 0% or 20,534 shares in its portfolio. Wall Street Access Asset Limited Liability holds 1.94% or 38,000 shares. Pnc Services Gru has 45,032 shares for 0% of their portfolio. Rothschild Il stated it has 81,560 shares. Jane Street Grp Inc Lc has 0% invested in Apollo Global Management, LLC (NYSE:APO). American Communications Tx stated it has 29,200 shares or 0.04% of all its holdings. Wade G W And holds 0.06% or 17,304 shares. Arrowstreet Cap LP invested in 68,423 shares or 0.01% of the stock. X Communication Lc holds 0.01% or 6,623 shares in its portfolio. Geode Mgmt Ltd Liability Com reported 22,081 shares. Morgan Stanley holds 0.05% or 6.24M shares in its portfolio.

Mick Hellman decreased its stake in Apollo Global Mgmt Llc (APO) by 7.5% based on its latest 2017Q2 regulatory filing with the SEC. Hmi Capital Llc sold 330,000 shares as the company’s stock rose 18.10% with the market. The hedge fund run by Mick Hellman held 4.07M shares of the finance company at the end of 2017Q2, valued at $107.62M, down from 4.40 million at the end of the previous reported quarter. Hmi Capital Llc who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be less bullish one the $12.72 billion market cap company. The stock increased 1.42% or $0.43 during the last trading session, reaching $30.72. About 915,390 shares traded or 11.02% up from the average. Apollo Global Management, LLC (NYSE:APO) has risen 63.33% since December 8, 2016 and is uptrending. It has outperformed by 46.63% the S&P500.

Hmi Capital Llc, which manages about $266.04 million and $636.10M US Long portfolio, upped its stake in Summit Midstream Partners Lp (NYSE:SMLP) by 588,085 shares to 5.11M shares, valued at $115.84 million in 2017Q2, according to the filing.

Analysts await Apollo Global Management, LLC (NYSE:APO) to report earnings on February, 2. They expect $0.63 earnings per share, down 35.71 % or $0.35 from last year’s $0.98 per share. APO’s profit will be $260.90 million for 12.19 P/E if the $0.63 EPS becomes a reality. After $1.07 actual earnings per share reported by Apollo Global Management, LLC for the previous quarter, Wall Street now forecasts -41.12 % negative EPS growth.

More important recent Apollo Global Management, LLC (NYSE:APO) news were published by: Nasdaq.com which released: “Implied Volatility Surging for Apollo Global Management (APO) Stock Options” on November 24, 2017, also Businesswire.com published article titled: “Apollo Global Management Names Scott Kleinman and James Zelter Co-Presidents”, Seekingalpha.com published: “Reuters: Apollo Global could buy Qdoba for $300M” on November 22, 2017. More interesting news about Apollo Global Management, LLC (NYSE:APO) was released by: Prnewswire.com and their article: “This Morning’s Technical Outlook on Investments Stocks — Cboe Global Markets …” with publication date: December 06, 2017.

Apollo Global Management, LLC (NYSE:APO) Ratings Coverage

Among 16 analysts covering Apollo Global Management (NYSE:APO), 12 have Buy rating, 0 Sell and 4 Hold. Therefore 75% are positive. Apollo Global Management had 52 analyst reports since July 30, 2015 according to SRatingsIntel. Jefferies maintained Apollo Global Management, LLC (NYSE:APO) on Wednesday, June 28 with “Buy” rating. The firm earned “Buy” rating on Monday, September 4 by Keefe Bruyette & Woods. The company was maintained on Tuesday, May 24 by RBC Capital Markets. The stock of Apollo Global Management, LLC (NYSE:APO) has “Hold” rating given on Friday, January 8 by Deutsche Bank. The rating was maintained by Credit Suisse on Thursday, August 3 with “Neutral”. The stock has “Buy” rating by UBS on Thursday, July 30. Deutsche Bank maintained it with “Hold” rating and $15 target in Friday, March 11 report. Bank of America upgraded the stock to “Buy” rating in Tuesday, February 7 report. As per Monday, July 11, the company rating was maintained by Wood. On Thursday, October 29 the stock rating was maintained by Argus Research with “Buy”.

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