Monarch Alternative Capital LP Raised Its Spirit Realty Capital INC (SRC) Holding by $15.13 Million; Market Value Declined

March 15, 2018 - By Peter Erickson

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.31, from 0.98 in 2017Q2. It is positive, as 29 investors sold SRC shares while 73 reduced holdings. 45 funds opened positions while 87 raised stakes. 417.60 million shares or 1.85% less from 425.47 million shares in 2017Q2 were reported. Moreover, Ny State Common Retirement Fund has 0.01% invested in Spirit Realty Capital, Inc. (NYSE:SRC). Cubist Systematic Strategies Limited Liability Company owns 154,870 shares. Aqr Management Ltd Liability Corporation reported 0% in Spirit Realty Capital, Inc. (NYSE:SRC). 80,500 were accumulated by Americafirst Capital Mngmt Limited Company. The New York-based Knighthead Capital Limited Liability Company has invested 11.16% in Spirit Realty Capital, Inc. (NYSE:SRC). Utd Finance Advisers holds 0% or 21,315 shares in its portfolio. Bankshares Of America De owns 1.58M shares. Dupont Capital reported 0.02% stake. Gratia Cap Ltd Limited Liability Company invested in 1.43% or 421,089 shares. Cetera Advisors Ltd Company holds 0.02% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC) for 38,651 shares. New England Invest Retirement Group Incorporated Inc invested in 0.05% or 10,000 shares. Koch Industries owns 42,995 shares. Goldentree Asset Mgmt Limited Partnership reported 1.22 million shares or 3.77% of all its holdings. California-based Orinda Asset Mngmt Ltd Llc has invested 1.27% in Spirit Realty Capital, Inc. (NYSE:SRC). Canada Pension Plan Invest Board stated it has 0% of its portfolio in Spirit Realty Capital, Inc. (NYSE:SRC).

Since March 6, 2018, it had 1 buy, and 0 insider sales for $199,899 activity.

Michael Weinstock increased its stake in Spirit Realty Capital Inc (SRC) by 19.22% based on its latest 2017Q3 regulatory filing with the SEC. Monarch Alternative Capital Lp bought 1.89 million shares as the company’s stock declined 32.65% while stock markets rallied. The hedge fund run by Michael Weinstock held 11.73M shares of the consumer services company at the end of 2017Q3, valued at $100.53 million, up from 9.84M at the end of the previous reported quarter. Monarch Alternative Capital Lp who had been investing in Spirit Realty Capital Inc for a number of months, seems to be bullish on the $3.59 billion market cap company. It closed at $7.99 lastly. It is down 36.20% since March 15, 2017 and is downtrending. It has underperformed by 52.90% the S&P500.

Monarch Alternative Capital Lp, which manages about $6.62 billion and $1.47B US Long portfolio, decreased its stake in Arch Coal Inc by 750,000 shares to 2.56 million shares, valued at $183.56M in 2017Q3, according to the filing.

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

Among 18 analysts covering Spirit Realty Capital (NYSE:SRC), 7 have Buy rating, 0 Sell and 11 Hold. Therefore 39% are positive. Spirit Realty Capital had 55 analyst reports since July 23, 2015 according to SRatingsIntel. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, January 7 report. FBR Capital maintained Spirit Realty Capital, Inc. (NYSE:SRC) on Friday, May 5 with “Outperform” rating. Bank of America upgraded the shares of SRC in report on Wednesday, August 16 to “Buy” rating. The firm has “Sector Perform” rating given on Friday, August 4 by RBC Capital Markets. Capital One upgraded Spirit Realty Capital, Inc. (NYSE:SRC) on Wednesday, January 24 to “Equal-Weight” rating. The stock has “Buy” rating by FBR Capital on Thursday, February 22. FBR Capital maintained Spirit Realty Capital, Inc. (NYSE:SRC) on Thursday, July 20 with “Buy” rating. The stock of Spirit Realty Capital, Inc. (NYSE:SRC) earned “Buy” rating by BTIG Research on Thursday, August 25. The company was maintained on Tuesday, January 23 by FBR Capital. As per Monday, November 13, the company rating was maintained by Ladenburg.

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