Scopia Capital Management LP Increases Stake in Spirit Rlty Cap INC New (SRC)

August 9, 2018 - By Robert Shackelford

Spirit Realty Capital, Inc. (NYSE:SRC) LogoInvestors sentiment increased to 1.08 in 2018 Q1. Its up 0.11, from 0.97 in 2017Q4. It increased, as 32 investors sold SRC shares while 80 reduced holdings. 40 funds opened positions while 81 raised stakes. 393.89 million shares or 2.24% less from 402.93 million shares in 2017Q4 were reported. American Gp Inc Inc owns 9,545 shares. Qci Asset Mngmt Ny invested in 8,000 shares or 0.01% of the stock. Mcf Advisors Limited Liability Co invested in 0% or 94 shares. Ameriprise Fincl accumulated 68,871 shares or 0% of the stock. Ubs Oconnor Limited Liability Corporation has 269,550 shares for 0% of their portfolio. The Texas-based Hbk Lp has invested 0.01% in Spirit Realty Capital, Inc. (NYSE:SRC). Rhumbline Advisers invested in 0.01% or 519,895 shares. 79,745 were reported by Raymond James Associates. Alliancebernstein LP stated it has 0% in Spirit Realty Capital, Inc. (NYSE:SRC). Endowment Mngmt Lp stated it has 0.06% in Spirit Realty Capital, Inc. (NYSE:SRC). Aperio Grp Ltd stated it has 488,305 shares. Robeco Institutional Asset Mgmt Bv holds 0% or 113,900 shares. Macquarie Gru Ltd accumulated 575,579 shares. Sumitomo Mitsui Asset Limited reported 249,786 shares stake. Rafferty Asset Management Ltd Llc accumulated 116,239 shares.

Since March 6, 2018, it had 3 insider purchases, and 0 sales for $284,533 activity. 7,500 Spirit Realty Capital, Inc. (NYSE:SRC) shares with value of $60,000 were bought by GILCHRIST RICHARD I. Shares for $24,634 were bought by Heimlich Kenneth on Tuesday, June 12.

Scopia Capital Management Lp increased its stake in Spirit Rlty Cap Inc New (SRC) by 7.05% based on its latest 2018Q1 regulatory filing with the SEC. Scopia Capital Management Lp bought 1.95 million shares as the company’s stock rose 11.35% while stock markets declined. The hedge fund held 29.60 million shares of the consumer services company at the end of 2018Q1, valued at $229.66M, up from 27.65M at the end of the previous reported quarter. Scopia Capital Management Lp who had been investing in Spirit Rlty Cap Inc New for a number of months, seems to be bullish on the $3.64B market cap company. The stock increased 1.13% or $0.095 during the last trading session, reaching $8.495. About 2.31 million shares traded. Spirit Realty Capital, Inc. (NYSE:SRC) has risen 17.41% since August 9, 2017 and is uptrending. It has outperformed by 4.84% the S&P500.

Scopia Capital Management Lp, which manages about $7.11B and $5.00B US Long portfolio, decreased its stake in Horizon Pharma Plc (NASDAQ:HZNP) by 1.21M shares to 15.16 million shares, valued at $215.32 million in 2018Q1, according to the filing. It also reduced its holding in Conmed Corp (NASDAQ:CNMD) by 600,000 shares in the quarter, leaving it with 2.17 million shares, and cut its stake in Jd Com Inc (NASDAQ:JD).

More news for Spirit Realty Capital, Inc. (NYSE:SRC) were recently published by: Globenewswire.com, which released: “Recent Analysis Shows Cornerstone OnDemand, American International Group, Douglas Emmett, Baker Hughes, a GE …” on August 09, 2018. Seekingalpha.com‘s article titled: “Spirit Realty Capital (SRC) CEO Jackson Hsieh on Q2 2018 Results – Earnings Call Transcript” and published on August 08, 2018 is yet another important article.

Spirit Realty Capital, Inc. (NYSE:SRC) Ratings Coverage

Among 6 analysts covering Spirit Realty Capital (NYSE:SRC), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Spirit Realty Capital had 6 analyst reports since February 22, 2018 according to SRatingsIntel. The company was maintained on Thursday, February 22 by FBR Capital. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Hold” rating by Bank of America on Monday, February 26. The firm earned “Hold” rating on Thursday, February 22 by Sandler O’Neill. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) has “Hold” rating given on Thursday, June 21 by BTIG Research. The firm has “Neutral” rating given on Tuesday, April 24 by JP Morgan. Robert W. Baird maintained Spirit Realty Capital, Inc. (NYSE:SRC) on Thursday, March 8 with “Hold” rating.

Spirit Realty Capital, Inc. (NYSE:SRC) Institutional Positions Chart

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