Covanta Holding (CVA) Investors: BMO Capital Reconfirms “Buy” Rating; Horizon Kinetics Lowered Oaktree Cap Group (OAK) Stake By $2.28 Million

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Horizon Kinetics Llc decreased Oaktree Cap Group Llc (OAK) stake by 13.7% reported in 2017Q4 SEC filing. Horizon Kinetics Llc sold 54,345 shares as Oaktree Cap Group Llc (OAK)’s stock declined 5.38%. The Horizon Kinetics Llc holds 342,440 shares with $14.42M value, down from 396,785 last quarter. Oaktree Cap Group Llc now has $6.25B valuation. The stock decreased 1.11% or $0.45 during the last trading session, reaching $40. About 409,768 shares traded or 1.67% up from the average. Oaktree Capital Group, LLC (NYSE:OAK) has declined 13.16% since April 29, 2017 and is downtrending. It has underperformed by 24.71% the S&P500.

Today, 27 April, Covanta Holding (NYSE:CVA) stock “Buy” was reconfirmed by Analysts at BMO Capital in analysts note.

Among 10 analysts covering Oaktree Capital Group (NYSE:OAK), 1 have Buy rating, 1 Sell and 8 Hold. Therefore 10% are positive. Oaktree Capital Group had 34 analyst reports since July 30, 2015 according to SRatingsIntel. On Tuesday, August 11 the stock rating was maintained by Barclays Capital with “Equal Weight”. The rating was maintained by Oppenheimer with “Hold” on Tuesday, July 18. The firm has “Hold” rating given on Tuesday, December 20 by Deutsche Bank. Deutsche Bank maintained the shares of OAK in report on Friday, September 18 with “Buy” rating. Morgan Stanley maintained the shares of OAK in report on Thursday, March 1 with “Overweight” rating. The rating was downgraded by Goldman Sachs to “Hold” on Friday, July 28. Barclays Capital downgraded Oaktree Capital Group, LLC (NYSE:OAK) on Thursday, October 13 to “Underweight” rating. The rating was initiated by Oppenheimer with “Perform” on Tuesday, December 6. Deutsche Bank maintained Oaktree Capital Group, LLC (NYSE:OAK) rating on Friday, April 6. Deutsche Bank has “Hold” rating and $42 target. The firm earned “Neutral” rating on Friday, December 16 by Bank of America.

Investors sentiment decreased to 0.97 in 2017 Q4. Its down 0.11, from 1.08 in 2017Q3. It fall, as 18 investors sold OAK shares while 51 reduced holdings. 21 funds opened positions while 46 raised stakes. 35.01 million shares or 1.09% more from 34.64 million shares in 2017Q3 were reported. 37,200 are owned by Neville Rodie Shaw. 135,350 are held by Gofen And Glossberg Limited Liability Com Il. Cypress Asset Mngmt Tx has 0.18% invested in Oaktree Capital Group, LLC (NYSE:OAK) for 19,450 shares. Regions Corporation reported 500 shares or 0% of all its holdings. New Amsterdam Partners Lc holds 1.15% or 136,941 shares. Mackenzie Fincl has 1.19 million shares. Alps Advsrs Inc invested in 10,423 shares or 0% of the stock. Price T Rowe Associates Md has invested 0.01% in Oaktree Capital Group, LLC (NYSE:OAK). Creative Planning reported 22,282 shares. 1832 Asset Mngmt Limited Partnership holds 0.05% or 370,000 shares. Highlander Cap Mgmt Ltd Liability owns 300 shares or 0.01% of their US portfolio. Moreover, Artemis Limited Liability Partnership has 0.03% invested in Oaktree Capital Group, LLC (NYSE:OAK). Franklin Res Inc, a California-based fund reported 151,400 shares. Blume Mgmt holds 2.98% in Oaktree Capital Group, LLC (NYSE:OAK) or 138,300 shares. World Investors holds 0.03% in Oaktree Capital Group, LLC (NYSE:OAK) or 3.34 million shares.

Covanta Holding Corporation, through its subsidiaries, provides waste and energy services to municipal entities primarily in the United States and Canada. The company has market cap of $2.04 billion. It owns and operates infrastructure for the conversion of waste to energy, as well as engages in related waste transport and disposal, and other renewable energy production businesses. It has a 35.84 P/E ratio. The firm disposes waste and generates electricity and/or steam; and sells metal recovered during the energy-from-waste process.

Among 12 analysts covering Covanta (NYSE:CVA), 8 have Buy rating, 0 Sell and 4 Hold. Therefore 67% are positive. Covanta has $25 highest and $12.50 lowest target. $17.35’s average target is 10.51% above currents $15.7 stock price. Covanta had 51 analyst reports since October 8, 2015 according to SRatingsIntel. The stock has “Neutral” rating by Goldman Sachs on Monday, January 8. The company was maintained on Friday, February 23 by BMO Capital Markets. The company was maintained on Thursday, July 6 by Stifel Nicolaus. The stock has “Overweight” rating by Barclays Capital on Monday, November 7. The stock has “Buy” rating by Stifel Nicolaus on Monday, September 4. Barclays Capital maintained the shares of CVA in report on Tuesday, August 9 with “Equal-Weight” rating. Goldman Sachs initiated it with “Sell” rating and $12.50 target in Friday, March 3 report. Robert W. Baird maintained the stock with “Buy” rating in Monday, October 30 report. Oppenheimer initiated the shares of CVA in report on Thursday, December 3 with “Outperform” rating. As per Thursday, October 29, the company rating was maintained by Imperial Capital.

Oaktree Capital Group, LLC (NYSE:OAK) Institutional Positions Chart