Trending Stock News

Parkwood Has Cut Its Holding in Applied Materials (AMAT) by $358,852 as Market Valuation Rose; Schlumberger LTD (SLB) Position Has Lifted by Sprucegrove Investment Management Ltd

Sprucegrove Investment Management Ltd increased its stake in Schlumberger Ltd (SLB) by 63.45% based on its latest 2017Q3 regulatory filing with the SEC. Sprucegrove Investment Management Ltd bought 101,200 shares as the company’s stock declined 11.04% while stock markets rallied. The institutional investor held 260,700 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $18.19M, up from 159,500 at the end of the previous reported quarter. Sprucegrove Investment Management Ltd who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $108.01 billion market cap company. The stock increased 1.19% or $0.92 during the last trading session, reaching $77.97. About 9.21 million shares traded or 0.46% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 15, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Parkwood Llc decreased its stake in Applied Materials Inc (AMAT) by 58.77% based on its latest 2017Q3 regulatory filing with the SEC. Parkwood Llc sold 6,901 shares as the company’s stock rose 23.58% with the market. The institutional investor held 4,841 shares of the technology company at the end of 2017Q3, valued at $252,000, down from 11,742 at the end of the previous reported quarter. Parkwood Llc who had been investing in Applied Materials Inc for a number of months, seems to be less bullish one the $56.46B market cap company. The stock increased 0.47% or $0.25 during the last trading session, reaching $53.45. About 9.07 million shares traded. Applied Materials, Inc. (NASDAQ:AMAT) has risen 121.40% since January 15, 2017 and is uptrending. It has outperformed by 104.70% the S&P500.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. had 127 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Citigroup given on Wednesday, October 21. Societe Generale downgraded the shares of SLB in report on Thursday, April 28 to “Hold” rating. Nomura maintained the shares of SLB in report on Monday, April 25 with “Buy” rating. On Thursday, October 1 the stock rating was maintained by Oppenheimer with “Outperform”. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Tuesday, September 5 by BMO Capital Markets. The company was maintained on Friday, May 5 by Bernstein. The company was maintained on Monday, September 21 by FBR Capital. The company was maintained on Monday, July 24 by Credit Suisse. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Wednesday, October 5 by Citigroup. Citigroup upgraded it to “Buy” rating and $87 target in Thursday, September 3 report.

Investors sentiment is 0.88 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Eaton Vance Mgmt accumulated 1.78M shares. Park Oh reported 149,447 shares. Washington Management Inc holds 26,405 shares. Avalon Advisors Ltd Liability Com has invested 0.44% in Schlumberger Limited (NYSE:SLB). Buffington Mohr Mcneal reported 0.12% stake. Gemmer Asset Ltd Liability Company holds 728 shares or 0.02% of its portfolio. Moreover, Cetera Advisor Netwr Limited Company has 0.04% invested in Schlumberger Limited (NYSE:SLB). Texas Yale Cap invested 0.05% in Schlumberger Limited (NYSE:SLB). Fruth Management has invested 0.45% of its portfolio in Schlumberger Limited (NYSE:SLB). Bingham Osborn & Scarborough reported 0.02% in Schlumberger Limited (NYSE:SLB). Ccm Investment Advisers Lc has invested 0.95% in Schlumberger Limited (NYSE:SLB). California-based Wcm Management Ca has invested 0.64% in Schlumberger Limited (NYSE:SLB). Mogy Joel R Inv Counsel owns 0.05% invested in Schlumberger Limited (NYSE:SLB) for 4,148 shares. Calamos Advsrs Ltd Com stated it has 811,657 shares. Jnba Fincl holds 1,499 shares.

Since October 24, 2017, it had 0 insider buys, and 1 insider sale for $219,205 activity.

Sprucegrove Investment Management Ltd, which manages about $24.66 billion and $1.78B US Long portfolio, decreased its stake in Samsung Electrs Ltd (SSNHZ) by 8,050 shares to 270,503 shares, valued at $302.78 million in 2017Q3, according to the filing. It also reduced its holding in Carnival Corp (NYSE:CCL) by 5,700 shares in the quarter, leaving it with 238,842 shares, and cut its stake in Rockwell Collins Inc (NYSE:COL).

Since August 23, 2017, it had 0 insider buys, and 5 sales for $12.03 million activity. Forrest Stephen R also sold $214,680 worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, January 3. Karsner Alexander sold $1.00M worth of Applied Materials, Inc. (NASDAQ:AMAT) on Wednesday, August 23. On Tuesday, January 2 the insider Nalamasu Omkaram sold $2.83M. On Friday, December 29 Salehpour Ali sold $6.44 million worth of Applied Materials, Inc. (NASDAQ:AMAT) or 125,125 shares.

Among 28 analysts covering Applied Materials Inc. (NASDAQ:AMAT), 27 have Buy rating, 0 Sell and 1 Hold. Therefore 96% are positive. Applied Materials Inc. had 107 analyst reports since August 4, 2015 according to SRatingsIntel. The company was maintained on Friday, August 14 by Nomura. DA Davidson upgraded the shares of AMAT in report on Monday, June 27 to “Buy” rating. UBS maintained the shares of AMAT in report on Friday, May 20 with “Buy” rating. The stock has “Buy” rating by B. Riley & Co on Monday, August 14. As per Thursday, April 14, the company rating was upgraded by UBS. The firm earned “Buy” rating on Monday, July 10 by DA Davidson. On Tuesday, August 11 the stock rating was maintained by Pacific Crest with “Overweight”. As per Friday, August 14, the company rating was maintained by Jefferies. The company was maintained on Tuesday, August 9 by Credit Suisse. Cowen & Co maintained the shares of AMAT in report on Friday, August 14 with “Outperform” rating.

Parkwood Llc, which manages about $671.75 million US Long portfolio, upped its stake in Tjx Companies Inc (NYSE:TJX) by 17,048 shares to 84,431 shares, valued at $6.23 million in 2017Q3, according to the filing. It also increased its holding in Visa Inc (NYSE:V) by 72,726 shares in the quarter, for a total of 99,431 shares, and has risen its stake in Unitedhealth Group Inc (NYSE:UNH).

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.


Leave a Reply

Your email address will not be published. Required fields are marked *