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As Red Hat (RHT) Valuation Rose, Hellman Jordan Management Company Has Trimmed Its Position by $360,000; As Range Resources (RRC) Stock Value Declined, Welch Capital Partners Lifted Its Holding

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Leighton Welch increased its stake in Range Resources Corp (RRC) by 107.6% based on its latest 2017Q4 regulatory filing with the SEC. Welch Capital Partners Llc bought 61,760 shares as the company’s stock declined 13.12% with the market. The hedge fund run by Leighton Welch held 119,160 shares of the oil & gas production company at the end of 2017Q4, valued at $2.03M, up from 57,400 at the end of the previous reported quarter. Welch Capital Partners Llc who had been investing in Range Resources Corp for a number of months, seems to be bullish on the $3.69 billion market cap company. The stock decreased 3.19% or $0.5 during the last trading session, reaching $15.17. About 9.12 million shares traded or 23.36% up from the average. Range Resources Corporation (NYSE:RRC) has declined 48.60% since May 19, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Hellman Jordan Management Company Inc decreased its stake in Red Hat (RHT) by 40.62% based on its latest 2017Q4 regulatory filing with the SEC. Hellman Jordan Management Company Inc sold 3,000 shares as the company’s stock rose 25.63% while stock markets declined. The institutional investor held 4,385 shares of the technology company at the end of 2017Q4, valued at $527,000, down from 7,385 at the end of the previous reported quarter. Hellman Jordan Management Company Inc who had been investing in Red Hat for a number of months, seems to be less bullish one the $29.01 billion market cap company. The stock increased 1.37% or $2.2 during the last trading session, reaching $163.28. About 1.84 million shares traded or 0.70% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 19, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Since December 12, 2017, it had 1 insider purchase, and 2 selling transactions for $51,775 activity. Shares for $505,851 were sold by Poole David P on Tuesday, December 12. PALKO STEFFEN E bought $500,609 worth of stock or 34,000 shares.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 19 Hold. Therefore 51% are positive. Range Resources Corp. had 153 analyst reports since July 21, 2015 according to SRatingsIntel. Scotia Capital maintained it with “Buy” rating and $44 target in Monday, April 24 report. As per Monday, August 3, the company rating was maintained by Barclays Capital. The rating was maintained by RBC Capital Markets on Wednesday, November 4 with “Sector Perform”. The stock of Range Resources Corporation (NYSE:RRC) has “Hold” rating given on Friday, December 8 by Suntrust Robinson. As per Wednesday, October 11, the company rating was upgraded by Barclays Capital. The company was initiated on Wednesday, January 25 by R. F. Lafferty. Piper Jaffray maintained Range Resources Corporation (NYSE:RRC) on Wednesday, April 18 with “Buy” rating. The rating was maintained by RBC Capital Markets on Thursday, September 7 with “Buy”. On Wednesday, September 27 the stock rating was maintained by Cowen & Co with “Buy”. As per Thursday, April 7, the company rating was maintained by Citigroup.

Welch Capital Partners Llc, which manages about $347.76 million and $280.75M US Long portfolio, decreased its stake in Paypal Inc by 37,920 shares to 123,050 shares, valued at $9.06M in 2017Q4, according to the filing. It also reduced its holding in Steris Corp by 45,148 shares in the quarter, leaving it with 67,040 shares, and cut its stake in Palo Alto Networks Inc. (NYSE:PANW).

More recent Range Resources Corporation (NYSE:RRC) news were published by: Seekingalpha.com which released: “Range Resources +3% as quarterly production hits record” on April 25, 2018. Also Seekingalpha.com published the news titled: “Oil companies face increasing investor pressure on climate change action” on May 18, 2018. Globenewswire.com‘s news article titled: “Range Announces First Quarter 2018 Financial Results” with publication date: April 25, 2018 was also an interesting one.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.27, from 1.35 in 2017Q3. It dived, as 51 investors sold RRC shares while 119 reduced holdings. 58 funds opened positions while 125 raised stakes. 230.02 million shares or 7.28% less from 248.08 million shares in 2017Q3 were reported. Sandy Spring Bankshares holds 0% or 130 shares. Zacks Management reported 0.02% of its portfolio in Range Resources Corporation (NYSE:RRC). Norinchukin Retail Bank The holds 0.01% in Range Resources Corporation (NYSE:RRC) or 18,054 shares. Nomura Holdings reported 0% of its portfolio in Range Resources Corporation (NYSE:RRC). 16,338 were reported by Qs Ltd Liability. Virtu Fincl Limited Liability Corporation reported 0.02% of its portfolio in Range Resources Corporation (NYSE:RRC). Matthew 25 Corp accumulated 125,000 shares or 0.58% of the stock. 39,783 are held by Pub Employees Retirement Association Of Colorado. Colorado-based Elk Creek Prtn Lc has invested 0.01% in Range Resources Corporation (NYSE:RRC). Mitsubishi Ufj And Banking Corporation holds 0.01% or 484,062 shares in its portfolio. Loring Wolcott & Coolidge Fiduciary Llp Ma reported 4,680 shares. The United Kingdom-based Hsbc Plc has invested 0.01% in Range Resources Corporation (NYSE:RRC). Walleye Trading Ltd Llc accumulated 70,778 shares. Moreover, Federated Investors Pa has 0% invested in Range Resources Corporation (NYSE:RRC). Rafferty Asset Management Lc invested 0.01% of its portfolio in Range Resources Corporation (NYSE:RRC).

Among 40 analysts covering Red Hat (NYSE:RHT), 29 have Buy rating, 1 Sell and 10 Hold. Therefore 73% are positive. Red Hat had 135 analyst reports since August 25, 2015 according to SRatingsIntel. Barclays Capital maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, December 13. Barclays Capital has “Buy” rating and $145.0 target. The firm has “Hold” rating by BMO Capital Markets given on Friday, September 15. The rating was maintained by Mizuho on Monday, September 21 with “Buy”. The firm earned “Buy” rating on Wednesday, June 21 by BTIG Research. The rating was maintained by Jefferies on Wednesday, December 20 with “Hold”. The company was maintained on Tuesday, March 27 by Deutsche Bank. The firm has “Buy” rating by IBC given on Thursday, March 30. The stock of Red Hat, Inc. (NYSE:RHT) has “Neutral” rating given on Tuesday, September 26 by Credit Suisse. BMO Capital Markets maintained Red Hat, Inc. (NYSE:RHT) on Friday, March 23 with “Market Perform” rating. The rating was maintained by Jefferies with “Hold” on Tuesday, March 27.

Hellman Jordan Management Company Inc, which manages about $886.87M and $63.51M US Long portfolio, upped its stake in Pioneer Natural Resources Co. (NYSE:PXD) by 3,500 shares to 8,775 shares, valued at $1.52 million in 2017Q4, according to the filing. It also increased its holding in Suntrust Bks Inc (NYSE:STI) by 9,000 shares in the quarter, for a total of 17,353 shares, and has risen its stake in Halliburton Co (NYSE:HAL).

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $87.06 million for 83.31 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Investors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It fall, as 45 investors sold RHT shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported. Fjarde Ap reported 51,022 shares. 5,924 are owned by Ing Groep Nv. Evercore Wealth Management Limited Company accumulated 92 shares. San Francisco Sentry Invest Gp (Ca), a California-based fund reported 682 shares. Price T Rowe Assoc Md reported 21.49M shares. Blair William & Company Il has 1.14% invested in Red Hat, Inc. (NYSE:RHT). Jefferies Gru Ltd Liability Corporation has invested 0.11% in Red Hat, Inc. (NYSE:RHT). Rampart Investment Mgmt Limited Liability, Massachusetts-based fund reported 2,375 shares. Optimum Advisors invested 0.08% of its portfolio in Red Hat, Inc. (NYSE:RHT). 12,315 are held by Citizens & Northern Corporation. 322 are owned by Whittier Trust Co. First Personal Financial stated it has 0% of its portfolio in Red Hat, Inc. (NYSE:RHT). Clifford Swan Investment Counsel holds 0.02% or 2,418 shares in its portfolio. 15,855 were accumulated by Keybank Natl Association Oh. Ftb Advisors, a Tennessee-based fund reported 277 shares.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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