As Rpc (Put) (RES) Market Value Declined, Apollo Management Holdings LP Cut by $6.00 Million Its Position; Alpine Associates Management Decreased Imperva (IMPV) Stake by $21.06 Million; Market Valuation Rose

January 19, 2018 - By Vivian Currie

Apollo Management Holdings Lp decreased its stake in Rpc Inc (Put) (RES) by 50% based on its latest 2017Q3 regulatory filing with the SEC. Apollo Management Holdings Lp sold 250,000 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 250,000 shares of the energy company at the end of 2017Q3, valued at $6.20M, down from 500,000 at the end of the previous reported quarter. Apollo Management Holdings Lp who had been investing in Rpc Inc (Put) for a number of months, seems to be less bullish one the $5.34 billion market cap company. The stock increased 1.32% or $0.321 during the last trading session, reaching $24.651. About 535,581 shares traded. RPC, Inc. (NYSE:RES) has risen 47.61% since January 19, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

Robert Emil Zoellner decreased its stake in Imperva Inc (IMPV) by 59.73% based on its latest 2017Q3 regulatory filing with the SEC. Alpine Associates Management Inc sold 489,694 shares as the company’s stock rose 3.83% with the market. The hedge fund run by Robert Emil Zoellner held 330,200 shares of the technology company at the end of 2017Q3, valued at $14.33M, down from 819,894 at the end of the previous reported quarter. Alpine Associates Management Inc who had been investing in Imperva Inc for a number of months, seems to be less bullish one the $1.50B market cap company. The stock increased 0.57% or $0.25 during the last trading session, reaching $44.15. About 43,775 shares traded. Imperva, Inc. (NYSE:IMPV) has risen 38.26% since January 19, 2017 and is uptrending. It has outperformed by 21.56% the S&P500.

Among 24 analysts covering RPC (NYSE:RES), 6 have Buy rating, 1 Sell and 17 Hold. Therefore 25% are positive. RPC had 75 analyst reports since August 14, 2015 according to SRatingsIntel. The firm earned “Market Perform” rating on Monday, September 21 by FBR Capital. Piper Jaffray maintained RPC, Inc. (NYSE:RES) rating on Monday, July 10. Piper Jaffray has “Hold” rating and $20.5000 target. Oppenheimer maintained it with “Perform” rating and $11 target in Thursday, October 1 report. The stock of RPC, Inc. (NYSE:RES) has “Equal-Weight” rating given on Thursday, March 17 by Morgan Stanley. As per Friday, March 11, the company rating was downgraded by Goldman Sachs. The stock has “Outperform” rating by Wells Fargo on Monday, January 11. The company was initiated on Wednesday, January 18 by Suntrust Robinson. The stock has “Market Perform” rating by Wells Fargo on Tuesday, September 1. The stock of RPC, Inc. (NYSE:RES) has “Market Perform” rating given on Thursday, January 19 by Cowen & Co. The company was upgraded on Tuesday, October 4 by Seaport Global Securities.

Apollo Management Holdings Lp, which manages about $6.64 billion US Long portfolio, upped its stake in Macerich Co (NYSE:MAC) by 96,149 shares to 148,499 shares, valued at $8.16M in 2017Q3, according to the filing. It also increased its holding in Tenet Healthcare Corp (Call) (NYSE:THC) by 175,000 shares in the quarter, for a total of 300,000 shares, and has risen its stake in Simon Ppty Group Inc New (Put) (NYSE:SPG).

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 24. They expect $0.33 earnings per share, up 430.00% or $0.43 from last year’s $-0.1 per share. RES’s profit will be $71.47M for 18.68 P/E if the $0.33 EPS becomes a reality. After $0.28 actual earnings per share reported by RPC, Inc. for the previous quarter, Wall Street now forecasts 17.86% EPS growth.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.05, from 0.99 in 2017Q2. It dropped, as 29 investors sold RES shares while 69 reduced holdings. 42 funds opened positions while 50 raised stakes. 80.91 million shares or 2.04% more from 79.30 million shares in 2017Q2 were reported. 81,262 were accumulated by Dana Investment. Intrust Financial Bank Na, a Kansas-based fund reported 11,660 shares. Wells Fargo & Communication Mn invested in 0% or 83,936 shares. Voya Investment Ltd Limited Liability Company reported 21,729 shares. Sterling Cap Limited Liability Company reported 0.04% stake. Parametric Portfolio Associates Limited accumulated 0% or 78,633 shares. Spectrum Asset Mgmt (Nb Ca) invested in 37,030 shares or 0.79% of the stock. Tudor Investment Et Al has invested 0.01% of its portfolio in RPC, Inc. (NYSE:RES). Energ Opportunities Mngmt Ltd holds 2.25% or 139,812 shares. Nikko Asset Mgmt Americas Inc reported 241,000 shares stake. Reilly Financial Advsrs Lc holds 0% in RPC, Inc. (NYSE:RES) or 200 shares. Citigroup has invested 0% in RPC, Inc. (NYSE:RES). Cambiar Investors Limited Co invested in 720,583 shares. Bankshares Of America De reported 546,421 shares. Css Limited Liability Corporation Il owns 27,232 shares for 0.03% of their portfolio.

Among 27 analysts covering Imperva (NYSE:IMPV), 15 have Buy rating, 2 Sell and 10 Hold. Therefore 56% are positive. Imperva had 75 analyst reports since August 5, 2015 according to SRatingsIntel. Wunderlich maintained the shares of IMPV in report on Thursday, February 4 with “Buy” rating. Imperial Capital maintained Imperva, Inc. (NASDAQ:IMPV) rating on Friday, February 10. Imperial Capital has “Outperform” rating and $55 target. The firm has “Hold” rating by Stifel Nicolaus given on Tuesday, September 29. RBC Capital Markets maintained the shares of IMPV in report on Sunday, August 20 with “Buy” rating. The firm has “Outperform” rating by Macquarie Research given on Friday, November 4. The rating was maintained by Topeka Capital Markets with “Buy” on Thursday, February 4. The firm has “Buy” rating by Deutsche Bank given on Friday, August 7. The firm has “Buy” rating by Monness Crespi given on Friday, July 28. The stock of Imperva, Inc. (NASDAQ:IMPV) earned “Hold” rating by Stifel Nicolaus on Friday, October 20. The stock of Imperva, Inc. (NASDAQ:IMPV) earned “Outperform” rating by Oppenheimer on Wednesday, August 5.

Investors sentiment decreased to 1.43 in 2017 Q3. Its down 0.17, from 1.6 in 2017Q2. It turned negative, as 24 investors sold IMPV shares while 39 reduced holdings. 29 funds opened positions while 61 raised stakes. 29.31 million shares or 0.63% more from 29.13 million shares in 2017Q2 were reported. 179,481 are owned by Panagora Asset Mgmt. Moody Bank Trust Division reported 0.01% stake. Smith Asset Mgmt Gp Limited Partnership holds 82,299 shares. D E Shaw Communications accumulated 0.02% or 274,194 shares. Tower Rech Lc (Trc) holds 3,293 shares or 0.01% of its portfolio. Gsa Cap Prtn Llp, United Kingdom-based fund reported 14,630 shares. Tokio Marine Asset Management Limited accumulated 14,600 shares. Pictet Asset Mgmt accumulated 388,104 shares. Victory Cap Mgmt owns 941 shares or 0% of their US portfolio. Metropolitan Life Ins Communication Ny has 22,832 shares for 0.01% of their portfolio. Eminence Capital LP invested 2.04% in Imperva, Inc. (NASDAQ:IMPV). Nuveen Asset Ltd Liability holds 16,040 shares or 0% of its portfolio. Bessemer Grp Inc Inc holds 0% or 691 shares in its portfolio. Peak6 Invests Ltd Partnership has 0% invested in Imperva, Inc. (NASDAQ:IMPV). First Quadrant Lp Ca accumulated 3,133 shares.

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