Stock News

Jabre Capital Partners Sa Has Cut Stake in Hess (Call) (HES) as Share Value Declined; As Epam Systems (EPAM) Shares Rose, Cim Investment Mangement Has Cut by $336,600 Its Holding

Philippe Jabre decreased its stake in Hess Corp (Call) (HES) by 73.33% based on its latest 2017Q3 regulatory filing with the SEC. Jabre Capital Partners Sa sold 550,000 shares as the company’s stock declined 5.45% while stock markets rallied. The hedge fund run by Philippe Jabre held 200,000 shares of the integrated oil company at the end of 2017Q3, valued at $9.38 million, down from 750,000 at the end of the previous reported quarter. Jabre Capital Partners Sa who had been investing in Hess Corp (Call) for a number of months, seems to be less bullish one the $15.21 billion market cap company. The stock increased 1.68% or $0.79 during the last trading session, reaching $47.87. About 4.43 million shares traded. Hess Corporation (NYSE:HES) has declined 14.55% since February 25, 2017 and is downtrending. It has underperformed by 31.25% the S&P500.

Cim Investment Mangement Inc decreased its stake in Epam Systems (EPAM) by 50.05% based on its latest 2017Q3 regulatory filing with the SEC. Cim Investment Mangement Inc sold 3,825 shares as the company’s stock rose 16.98% with the market. The institutional investor held 3,817 shares of the technology company at the end of 2017Q3, valued at $336,000, down from 7,642 at the end of the previous reported quarter. Cim Investment Mangement Inc who had been investing in Epam Systems for a number of months, seems to be less bullish one the $6.18B market cap company. The stock increased 1.75% or $2.01 during the last trading session, reaching $116.66. About 239,547 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 15.98% since February 25, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.

Cim Investment Mangement Inc, which manages about $1.03B and $275.33M US Long portfolio, upped its stake in Ishares S&P 500 Index (IVV) by 22,365 shares to 164,463 shares, valued at $41.60 million in 2017Q3, according to the filing. It also increased its holding in Int’l Bus Machines (NYSE:IBM) by 3,415 shares in the quarter, for a total of 10,137 shares, and has risen its stake in Portland General Electric Co. (NYSE:POR).

Among 18 analysts covering EPAM Systems (NYSE:EPAM), 16 have Buy rating, 0 Sell and 2 Hold. Therefore 89% are positive. EPAM Systems had 48 analyst reports since August 6, 2015 according to SRatingsIntel. As per Friday, February 16, the company rating was maintained by Susquehanna. Credit Suisse downgraded the stock to “Hold” rating in Tuesday, February 20 report. The rating was maintained by KeyBanc Capital Markets on Tuesday, February 20 with “Overweight”. KeyBanc Capital Markets maintained the stock with “Buy” rating in Sunday, October 29 report. The firm has “Buy” rating given on Friday, February 16 by Needham. The firm earned “Buy” rating on Thursday, November 19 by Needham. The rating was maintained by Citigroup on Friday, November 3 with “Buy”. As per Friday, April 15, the company rating was initiated by Berenberg. The firm has “Buy” rating by Citigroup given on Friday, October 13. The stock has “Buy” rating by Monness Crespi on Wednesday, May 10.

Since August 28, 2017, it had 0 insider purchases, and 11 selling transactions for $17.76 million activity. On Thursday, October 5 the insider Shekhter Elaina sold $45,000.

Investors sentiment decreased to 1.47 in Q3 2017. Its down 0.34, from 1.81 in 2017Q2. It turned negative, as 19 investors sold EPAM shares while 56 reduced holdings. 30 funds opened positions while 80 raised stakes. 44.11 million shares or 0.03% less from 44.13 million shares in 2017Q2 were reported. Cap Fund Mngmt Sa invested in 16,200 shares. Keybank Natl Association Oh invested 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Prudential holds 6,870 shares. Proshare Lc holds 5,051 shares or 0% of its portfolio. Stifel holds 0% or 5,193 shares. Fmr Lc stated it has 3.28 million shares. Brinker Capital stated it has 0.03% in EPAM Systems, Inc. (NYSE:EPAM). Baring Asset has 2.09% invested in EPAM Systems, Inc. (NYSE:EPAM). Tcw Group Inc holds 192,656 shares. Howe Rusling accumulated 35 shares or 0% of the stock. Renaissance Technologies Ltd holds 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM) for 4,900 shares. Credit Agricole S A holds 0.02% or 64,400 shares in its portfolio. Friedberg Inv Mngmt holds 3.12% or 21,940 shares in its portfolio. Anchor Cap Advsr Lc stated it has 0.63% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Toth Fin Advisory holds 0.22% in EPAM Systems, Inc. (NYSE:EPAM) or 10,010 shares.

Analysts await EPAM Systems, Inc. (NYSE:EPAM) to report earnings on May, 3. They expect $0.71 EPS, up 39.22% or $0.20 from last year’s $0.51 per share. EPAM’s profit will be $37.62M for 41.08 P/E if the $0.71 EPS becomes a reality. After $0.83 actual EPS reported by EPAM Systems, Inc. for the previous quarter, Wall Street now forecasts -14.46% negative EPS growth.

Among 22 analysts covering Hess Corp. (NYSE:HES), 9 have Buy rating, 2 Sell and 11 Hold. Therefore 41% are positive. Hess Corp. had 62 analyst reports since July 22, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Wells Fargo on Friday, May 5. Cowen & Co maintained the shares of HES in report on Monday, July 10 with “Hold” rating. Cowen & Co maintained it with “Hold” rating and $50.0 target in Monday, September 25 report. The stock of Hess Corporation (NYSE:HES) has “Neutral” rating given on Tuesday, January 5 by Citigroup. Piper Jaffray maintained Hess Corporation (NYSE:HES) on Tuesday, January 23 with “Buy” rating. The stock of Hess Corporation (NYSE:HES) has “Neutral” rating given on Tuesday, June 27 by Atlantic Securities. The stock of Hess Corporation (NYSE:HES) has “Hold” rating given on Friday, June 16 by BMO Capital Markets. The firm has “Hold” rating given on Friday, September 1 by BMO Capital Markets. On Tuesday, March 22 the stock rating was upgraded by Atlantic Securities to “Overweight”. The firm earned “Hold” rating on Friday, November 17 by BMO Capital Markets.

Jabre Capital Partners Sa, which manages about $514.37M US Long portfolio, upped its stake in Alphabet Inc by 1,200 shares to 7,600 shares, valued at $7.29 million in 2017Q3, according to the filing. It also increased its holding in Pandora Media Inc (NYSE:P) by 560,000 shares in the quarter, for a total of 610,000 shares, and has risen its stake in Cloudera Inc.

Since August 24, 2017, it had 0 insider buys, and 8 selling transactions for $5.29 million activity. Another trade for 6,312 shares valued at $280,442 was made by Hill Gregory P. on Thursday, February 8. 4,567 Hess Corporation (NYSE:HES) shares with value of $202,075 were sold by Goodell Timothy B.. On Thursday, February 8 the insider Truelove Brian D. sold $85,572. 1,914 shares were sold by Turner Michael R, worth $85,039 on Thursday, February 8. Another trade for 1,919 shares valued at $85,261 was made by Lowery-Yilmaz Barbara J on Thursday, February 8. 3,382 shares were sold by RIELLY JOHN P, worth $150,262 on Thursday, February 8.

Analysts await Hess Corporation (NYSE:HES) to report earnings on April, 25. They expect $-0.54 EPS, up 49.53% or $0.53 from last year’s $-1.07 per share. After $-1.01 actual EPS reported by Hess Corporation for the previous quarter, Wall Street now forecasts -46.53% EPS growth.

Leave a Reply

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