Intercontinental Exchange In (ICE) Shareholder New Mountain Vantage Advisers LLC Has Trimmed Stake by $6.15 Million as Stock Price Rose

April 16, 2018 - By Henry Gaston

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.23, from 1.05 in 2017Q3. It increased, as 33 investors sold ICE shares while 214 reduced holdings. 80 funds opened positions while 235 raised stakes. 496.95 million shares or 0.82% less from 501.06 million shares in 2017Q3 were reported. Howe & Rusling invested in 0.74% or 57,344 shares. The Wisconsin-based Schmidt P J Investment Management Incorporated has invested 0.23% in Intercontinental Exchange, Inc. (NYSE:ICE). Morgan Stanley holds 0.02% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE) for 981,807 shares. Mawer Invest Mngmt accumulated 332,320 shares. Endurance Wealth Mgmt invested in 0% or 40 shares. The Indiana-based Everence Mngmt Inc has invested 0.21% in Intercontinental Exchange, Inc. (NYSE:ICE). Axa has invested 0.07% of its portfolio in Intercontinental Exchange, Inc. (NYSE:ICE). Assetmark, California-based fund reported 4,353 shares. Burns J W Inc Ny holds 0.33% in Intercontinental Exchange, Inc. (NYSE:ICE) or 18,628 shares. Highstreet Asset Mngmt holds 0.04% or 9,035 shares in its portfolio. California Employees Retirement reported 1.55 million shares. Congress Asset Mgmt Ma holds 816,820 shares. Texas Yale Corporation stated it has 5,460 shares. Prentiss Smith & Inc has 0% invested in Intercontinental Exchange, Inc. (NYSE:ICE) for 90 shares. Johnson Finance reported 0.01% stake.

Steven B. Klinsky decreased its stake in Intercontinental Exchange In (ICE) by 10.72% based on its latest 2017Q4 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 87,901 shares as the company’s stock rose 2.21% while stock markets declined. The hedge fund run by Steven B. Klinsky held 731,835 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $51.64M, down from 819,736 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Intercontinental Exchange In for a number of months, seems to be less bullish one the $42.48B market cap company. The stock increased 0.79% or $0.575 during the last trading session, reaching $73.115. About 525,010 shares traded. Intercontinental Exchange, Inc. (NYSE:ICE) has risen 20.88% since April 16, 2017 and is uptrending. It has outperformed by 9.33% the S&P500.

New Mountain Vantage Advisers Llc, which manages about $2.44 billion and $1.32B US Long portfolio, upped its stake in Transcanada Corp (NYSE:TRP) by 266,974 shares to 596,456 shares, valued at $29.01M in 2017Q4, according to the filing. It also increased its holding in Ares Cap Corp (NASDAQ:ARCC) by 231,046 shares in the quarter, for a total of 820,744 shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYA).

Analysts await Intercontinental Exchange, Inc. (NYSE:ICE) to report earnings on May, 2. They expect $0.88 EPS, up 18.92 % or $0.14 from last year’s $0.74 per share. ICE’s profit will be $511.26M for 20.77 P/E if the $0.88 EPS becomes a reality. After $0.73 actual EPS reported by Intercontinental Exchange, Inc. for the previous quarter, Wall Street now forecasts 20.55 % EPS growth.

Intercontinental Exchange, Inc. (NYSE:ICE) Ratings Coverage

Among 11 analysts covering Intercontinental Exchange (NYSE:ICE), 10 have Buy rating, 0 Sell and 1 Hold. Therefore 91% are positive. Intercontinental Exchange had 15 analyst reports since October 19, 2017 according to SRatingsIntel. The firm has “Buy” rating given on Friday, November 3 by UBS. On Friday, April 6 the stock rating was maintained by Deutsche Bank with “Buy”. The rating was maintained by Jefferies on Tuesday, January 16 with “Buy”. Bank of America maintained it with “Buy” rating and $82 target in Thursday, February 8 report. The rating was upgraded by JP Morgan on Tuesday, February 20 to “Overweight”. The firm has “Buy” rating by Keefe Bruyette & Woods given on Thursday, November 2. On Thursday, December 21 the stock rating was maintained by Keefe Bruyette & Woods with “Buy”. J.P. Morgan upgraded Intercontinental Exchange, Inc. (NYSE:ICE) rating on Tuesday, February 20. J.P. Morgan has “Buy” rating and $83.0 target. The firm earned “Buy” rating on Thursday, February 8 by Keefe Bruyette & Woods. On Thursday, October 19 the stock rating was maintained by Citigroup with “Neutral”.

Intercontinental Exchange, Inc. (NYSE:ICE) Institutional Positions Chart

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