Highfields Capital Management Lp Decreased Apollo Global Mgmt Llc (NYSE:APO) Stake By $13.66 Million

February 23, 2018 - By Nellie Frank

Investors sentiment decreased to 1.22 in Q3 2017. Its down 0.13, from 1.35 in 2017Q2. It dived, as 18 investors sold APO shares while 54 reduced holdings. 31 funds opened positions while 57 raised stakes. 133.81 million shares or 1.40% less from 135.71 million shares in 2017Q2 were reported. Lombard Odier Asset (Switzerland) reported 0.73% in Apollo Global Management, LLC (NYSE:APO). Tealwood Asset Mgmt Incorporated invested in 126,621 shares. Greenwich holds 83,253 shares. Cacti Asset Limited Liability Corporation holds 41,000 shares. Arete Wealth Advisors Ltd Com invested in 14,630 shares. Compton Capital Mgmt Ri invested 0.19% in Apollo Global Management, LLC (NYSE:APO). Financial Bank Of Mellon reported 0% stake. Janney Montgomery Scott Ltd Limited Liability Company reported 6,952 shares. Dreman Value Management L L C accumulated 0.18% or 11,141 shares. Artemis Investment Mngmt Llp, United Kingdom-based fund reported 362,400 shares. Rothschild Il reported 81,860 shares. Tiger Mgmt Limited Liability Company holds 732,081 shares or 3.99% of its portfolio. 101,057 are owned by Franklin. Stelac Advisory Limited Liability Com holds 0.04% of its portfolio in Apollo Global Management, LLC (NYSE:APO) for 3,875 shares. 74,515 are owned by New Amsterdam Prtnrs Ltd Liability Corporation Ny.

Jonathon Jacobson decreased its stake in Apollo Global Mgmt Llc (NYSE:APO) by 56.69% based on its latest 2017Q4 regulatory filing with the SEC. Highfields Capital Management Lp sold 414,059 shares as the company’s stock rose 18.10% with the market. The hedge fund run by Jonathon Jacobson held 316,346 shares of the finance company at the end of 2017Q4, valued at $10.59M, down from 730,405 at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be less bullish one the $14.01 billion market cap company. The stock increased 0.99% or $0.335 during the last trading session, reaching $34.235. About 367,149 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 63.33% since February 23, 2017 and is uptrending. It has outperformed by 46.63% the S&P500.

Together founding Highfields Capital Management in 1998, Jonathon “Jon” Jacobson and Richard Grubman founded the fund that managed to return about 12.6% between 1998 and 2010, vs. 3.6% return for the S&P 500 index in the same time period. Before forming his own fund, Jon worked for Harvard Management Co that provided $500 million of the $1.5 billion that Highlands managed to collect in the year 1998. Highfields Capital Management Lp is a Massachusetts-based hedge fund that was founded by Jonathon Jacobson. It had more than $22.71 billion assets under management in March, 2014. Taken from Highfields Capital Management latest Adv, the fund reported to have 86 full and part-time employees. Among which 28 performing investment advisory and research functions. The hedge fund had between 1-10 clients.

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 59 analyst reports since July 30, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Neutral” rating and $39 target in Monday, February 5 report. The rating was maintained by Jefferies on Wednesday, August 2 with “Buy”. Morgan Stanley maintained the stock with “Equal-Weight” rating in Thursday, October 5 report. Keefe Bruyette & Woods maintained the shares of APO in report on Thursday, February 1 with “Buy” rating. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Neutral”. The firm has “Outperform” rating by Wood given on Thursday, August 4. Goldman Sachs upgraded the shares of APO in report on Wednesday, January 4 to “Buy” rating. The rating was maintained by Jefferies on Tuesday, March 22 with “Buy”. Bank of America upgraded the shares of APO in report on Tuesday, February 7 to “Buy” rating. The firm has “Buy” rating by Citigroup given on Thursday, November 2.

Apollo Global Management, LLC is a publicly owned investment manager. The company has market cap of $14.01 billion. The firm primarily provides its services to endowment and sovereign wealth funds, as well as other institutional and individual investors. It has a 11.03 P/E ratio. It manages client focused portfolios.

More notable recent Apollo Global Management, LLC (NYSE:APO) news were published by: Reuters.com which released: “Apollo buys 20 percent stake in Brazil restructuring firm” on February 16, 2018, also Businesswire.com with their article: “Apollo Global Management, LLC Reports Fourth Quarter and Full Year 2017 Results” published on February 01, 2018, Nasdaq.com published: “Should You Buy Apollo Global Management (APO) Ahead of Earnings?” on January 31, 2018. More interesting news about Apollo Global Management, LLC (NYSE:APO) were released by: Businesswire.com and their article: “Tidewater Logistics, Leader in Frac Sand Logistics, Announces Investment by …” published on February 15, 2018 as well as Seekingalpha.com‘s news article titled: “Apollo Global Management’s (APO) CEO Leon Black on Q4 2017 Results – Earnings …” with publication date: February 01, 2018.

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