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Covalent Partners Upped Its Holding in Nabors Industries LTD (NBR) as Stock Price Rose; Foster Lb (FSTR) Holder Thomson Horstmann & Bryant Trimmed Position as Market Valuation Declined

Nabors Industries Ltd. (NYSE:NBR) Logo

Thomson Horstmann & Bryant Inc decreased its stake in Foster Lb (FSTR) by 9.95% based on its latest 2017Q4 regulatory filing with the SEC. Thomson Horstmann & Bryant Inc sold 11,791 shares as the company’s stock declined 6.68% with the market. The institutional investor held 106,737 shares of the metal fabrications company at the end of 2017Q4, valued at $2.90 million, down from 118,528 at the end of the previous reported quarter. Thomson Horstmann & Bryant Inc who had been investing in Foster Lb for a number of months, seems to be less bullish one the $266.74M market cap company. It closed at $25.25 lastly. It is down 94.67% since April 18, 2017 and is uptrending. It has outperformed by 83.12% the S&P500.

Robert Hockett increased its stake in Nabors Industries Ltd (NBR) by 78.57% based on its latest 2017Q4 regulatory filing with the SEC. Covalent Partners Llc bought 349,280 shares as the company’s stock rose 7.60% while stock markets declined. The hedge fund run by Robert Hockett held 793,836 shares of the oil & gas production company at the end of 2017Q4, valued at $5.42M, up from 444,556 at the end of the previous reported quarter. Covalent Partners Llc who had been investing in Nabors Industries Ltd for a number of months, seems to be bullish on the $2.40B market cap company. The stock increased 1.20% or $0.09 during the last trading session, reaching $7.59. About 7.23M shares traded. Nabors Industries Ltd. (NYSE:NBR) has declined 42.31% since April 18, 2017 and is downtrending. It has underperformed by 53.86% the S&P500.

Investors sentiment decreased to 1 in 2017 Q4. Its down 0.96, from 1.96 in 2017Q3. It is negative, as 9 investors sold FSTR shares while 33 reduced holdings. 16 funds opened positions while 26 raised stakes. 5.56 million shares or 1.21% more from 5.49 million shares in 2017Q3 were reported. Bnp Paribas Arbitrage has invested 0% in L.B. Foster Company (NASDAQ:FSTR). Thomson Horstmann And Bryant Inc holds 106,737 shares. Minerva Advisors Ltd Limited Liability Company reported 1.46% in L.B. Foster Company (NASDAQ:FSTR). Geode Mgmt Lc reported 0% stake. California Public Employees Retirement Sys accumulated 15,800 shares. Quaker Cap Investments Ltd Limited Liability Company owns 25,000 shares or 0.22% of their US portfolio. 517,811 are owned by Blackrock Inc. Tower Capital Lc (Trc) reported 1,281 shares. Gamco Et Al holds 0.01% or 60,000 shares. Loomis Sayles Ltd Partnership has invested 0% in L.B. Foster Company (NASDAQ:FSTR). Sei invested in 0% or 435 shares. 8,456 are held by Tudor Corp Et Al. Dimensional Fund Advsr Lp has 0.01% invested in L.B. Foster Company (NASDAQ:FSTR) for 536,586 shares. Wells Fargo & Mn invested 0% in L.B. Foster Company (NASDAQ:FSTR). Federated Investors Pa reported 321 shares.

Thomson Horstmann & Bryant Inc, which manages about $1.82 billion and $759.54M US Long portfolio, upped its stake in Graco Inc (NYSE:GGG) by 15,778 shares to 23,067 shares, valued at $1.04 million in 2017Q4, according to the filing. It also increased its holding in Lemaitre Vascular Inc (NASDAQ:LMAT) by 34,162 shares in the quarter, for a total of 356,517 shares, and has risen its stake in Mitek Systems Inc (NASDAQ:MITK).

Among 3 analysts covering LB Foster Co (NASDAQ:FSTR), 0 have Buy rating, 0 Sell and 3 Hold. Therefore 0 are positive. LB Foster Co had 3 analyst reports since September 11, 2015 according to SRatingsIntel. Macquarie Research downgraded L.B. Foster Company (NASDAQ:FSTR) on Friday, September 11 to “Neutral” rating. DA Davidson downgraded the stock to “Neutral” rating in Wednesday, May 4 report.

Since April 12, 2018, it had 1 insider purchase, and 0 selling transactions for $262,026 activity.

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Nabors Industries Ltd. had 111 analyst reports since August 6, 2015 according to SRatingsIntel. As per Wednesday, January 17, the company rating was downgraded by J.P. Morgan. The rating was maintained by Cowen & Co with “Outperform” on Tuesday, August 8. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Buy” rating by GMP Securities on Wednesday, April 27. Wells Fargo downgraded the shares of NBR in report on Friday, July 7 to “Market Perform” rating. Seaport Global downgraded the stock to “Neutral” rating in Wednesday, June 21 report. On Wednesday, October 18 the stock rating was maintained by Cowen & Co with “Buy”. Jefferies maintained the shares of NBR in report on Wednesday, April 26 with “Hold” rating. The rating was maintained by Jefferies with “Hold” on Thursday, July 13. The rating was downgraded by Howard Weil on Thursday, October 8 to “Sector Perform”. Jefferies maintained the shares of NBR in report on Tuesday, June 6 with “Hold” rating.

Covalent Partners Llc, which manages about $968.54M and $117.95 million US Long portfolio, decreased its stake in Superior Energy Svcs Inc (NYSE:SPN) by 41,527 shares to 973,154 shares, valued at $9.37 million in 2017Q4, according to the filing. It also reduced its holding in Nextdecade Corp by 92,418 shares in the quarter, leaving it with 182,231 shares, and cut its stake in Bmc Stk Hldgs Inc.

L.B. Foster Company (NASDAQ:FSTR) Institutional Positions Chart

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