Mountain Pacific Investment Advisers INC Decreased Stake in Alliance Data Systems (NYSE:ADS) by $4.72 Million as Shares Declined


Mountain Pacific Investment Advisers Inc decreased its stake in Alliance Data Systems (NYSE:ADS) by 34.7% based on its latest 2016Q2 regulatory filing with the SEC. Mountain Pacific Investment Advisers Inc sold 21,475 shares as the company’s stock declined 19.03% while stock markets rallied. The institutional investor held 40,416 shares of the business services company at the end of 2016Q2, valued at $8.89M, down from 61,891 at the end of the previous reported quarter. Mountain Pacific Investment Advisers Inc who had been investing in Alliance Data Systems for a number of months, seems to be less bullish one the $13.07B market cap company. The stock is down 0.56% or $1.21 after the negative news, hitting $215.28 per share. About 179,855 shares traded hands. Alliance Data Systems Corporation (NYSE:ADS) has risen 17.82% since February 8, 2016 and is uptrending. It has outperformed by 1.34% the S&P500.

Mountain Pacific Investment Advisers Inc, which manages about $946.15 million and $849.96M US Long portfolio, upped its stake in Western Alliance Banco Com (NYSE:WAL) by 188,400 shares to 213,400 shares, valued at $7.12M in 2016Q2, according to the filing.

Mountain Pacific Investment Advisers Inc is a Idaho-based institutional investor with more than $946.15 million AUM in March, 2014. Taken from Mountain Pacific Investment Advisers latest Adv, the fund reported to have 5 full and part-time employees. Among which 4 performing investment advisory and research functions. The institutional investor had more than 200 clients.

The institutional sentiment decreased to 0.87 in Q2 2016. Its down 0.15, from 1.02 in 2016Q1. The ratio worsened, as 68 funds sold all ADS shares owned while 172 reduced positions. 60 funds bought stakes while 149 increased positions. They now own 52.14 million shares or 5.27% less from 55.04 million shares in 2016Q1.

Smith Thomas W holds 5.67% of its portfolio in ADS for 20,125 shares. Crosslink Capital Inc owns 129,060 shares or 4.55% of their US portfolio. Moreover, Hhr Asset Management Llc has 4.04% invested in the company for 405,402 shares. The Indiana-based Kirr Marbach & Co Llc In has invested 3.95% in the stock. Riverpark Capital Management Llc, a New York-based fund reported 38,313 shares.

Out of 18 analysts covering Alliance Data Systems (NYSE:ADS), 12 rate it a “Buy”, 1 “Sell”, while 5 “Hold”. This means 67% are positive. $360 is the highest target while $20 is the lowest. The $269.47 average target is 25.17% above today’s ($215.28) stock price. Alliance Data Systems has been the topic of 24 analyst reports since September 17, 2015 according to StockzIntelligence Inc. Wedbush initiated the stock on September 9 with “Neutral” rating. BMO Capital Markets downgraded the shares of ADS in a report on July 22 to “Market Perform” rating.

Alliance Data Systems Corporation is a well-known provider of data-driven marketing and loyalty solutions serving consumer businesses in a range of industries. The company has a market cap of $13.07 billion. The Firm offers a portfolio of integrated outsourced marketing solutions, including customer loyalty programs, database marketing services, end-to-end marketing services, analytics and creative services, direct marketing services, and private label and co-brand retail credit card programs. It has a 26.88 P/E ratio.

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