Rwc Asset Management Llp Cut By $1.45 Million Its United Contl Hldgs (UAL) Position; Elm Ridge Management Has Lowered Navient (NAVI) Stake

June 19, 2017 - By Peter Erickson

Elm Ridge Management Llc decreased Navient Corp (NAVI) stake by 30.16% reported in 2016Q4 SEC filing. Elm Ridge Management Llc sold 146,800 shares as Navient Corp (NAVI)’s stock declined 9.77%. The Elm Ridge Management Llc holds 339,910 shares with $5.59M value, down from 486,710 last quarter. Navient Corp now has $4.49B valuation. The stock rose 5.83% or $0.91 reaching $16.43. About 1.86M shares traded. Navient Corp (NASDAQ:NAVI) has risen 12.24% since June 19, 2016 and is uptrending. It has underperformed by 4.46% the S&P500.

Rwc Asset Management Llp decreased United Contl Hldgs Inc (UAL) stake by 13.63% reported in 2016Q4 SEC filing. Rwc Asset Management Llp sold 20,123 shares as United Contl Hldgs Inc (UAL)’s stock rose 2.66%. The Rwc Asset Management Llp holds 127,518 shares with $9.29M value, down from 147,641 last quarter. United Contl Hldgs Inc now has $23.99B valuation. The stock rose 1.65% or $1.27 reaching $78.05. About 1.05M shares traded. United Continental Holdings Inc (NYSE:UAL) has risen 77.19% since June 19, 2016 and is uptrending. It has outperformed by 60.49% the S&P500.

Investors sentiment increased to 0.93 in 2016 Q4. Its up 0.11, from 0.82 in 2016Q3. It increased, as 33 investors sold NAVI shares while 144 reduced holdings. 52 funds opened positions while 112 raised stakes. 269.82 million shares or 2.85% less from 277.73 million shares in 2016Q3 were reported. Baldwin Brothers Inc Ma accumulated 5,500 shares or 0.02% of the stock. Utd Serv Automobile Association has 0.07% invested in Navient Corp (NASDAQ:NAVI) for 1.21 million shares. Parametric Port Assoc Llc, Washington-based fund reported 2.04 million shares. Laurion Mgmt Ltd Partnership holds 0% or 27,100 shares. Denali Advisors Ltd Company stated it has 1.34% in Navient Corp (NASDAQ:NAVI). The New York-based Elm Ridge Ltd Com has invested 1.2% in Navient Corp (NASDAQ:NAVI). Leuthold Limited Liability Corporation stated it has 244,271 shares. Manchester Cap Mngmt Limited Liability Company reported 0% stake. Timber Hill Ltd Liability Company has invested 0% of its portfolio in Navient Corp (NASDAQ:NAVI). 11,259 are owned by Tower Research (Trc). The Pennsylvania-based Veritable Lp has invested 0% in Navient Corp (NASDAQ:NAVI). Voya Management Ltd Llc holds 599,963 shares. Axa stated it has 45,600 shares or 0% of all its holdings. Spark Inv Mngmt Limited Com holds 0.12% of its portfolio in Navient Corp (NASDAQ:NAVI) for 85,600 shares. Capital Fund Mngmt Sa invested in 0.14% or 954,948 shares.

Elm Ridge Management Llc increased Qep Res Inc (NYSE:QEP) stake by 84,500 shares to 563,308 valued at $10.37M in 2016Q4. It also upped Hertz Global Hldgs Inc stake by 116,940 shares and now owns 336,905 shares. Range Res Corp (NYSE:RRC) was raised too.

Among 10 analysts covering Navient Corporation (NASDAQ:NAVI), 3 have Buy rating, 0 Sell and 7 Hold. Therefore 30% are positive. Navient Corporation had 15 analyst reports since July 24, 2015 according to SRatingsIntel. The stock of Navient Corp (NASDAQ:NAVI) earned “Neutral” rating by Goldman Sachs on Thursday, July 21. JP Morgan downgraded Navient Corp (NASDAQ:NAVI) on Tuesday, January 17 to “Neutral” rating. BMO Capital Markets maintained the shares of NAVI in report on Wednesday, May 31 with “Hold” rating. The rating was upgraded by Goldman Sachs on Thursday, October 8 to “Buy”. The firm has “Outperform” rating given on Monday, August 31 by Wood. Credit Suisse downgraded the shares of NAVI in report on Wednesday, January 4 to “Neutral” rating. The stock of Navient Corp (NASDAQ:NAVI) has “Outperform” rating given on Wednesday, February 24 by Credit Suisse. Wedbush initiated it with “Neutral” rating and $16.50 target in Tuesday, January 31 report. On Monday, November 30 the stock rating was initiated by JP Morgan with “Overweight”.

Analysts await Navient Corp (NASDAQ:NAVI) to report earnings on July, 18. They expect $0.43 EPS, down 8.51% or $0.04 from last year’s $0.47 per share. NAVI’s profit will be $117.51 million for 9.55 P/E if the $0.43 EPS becomes a reality. After $0.36 actual EPS reported by Navient Corp for the previous quarter, Wall Street now forecasts 19.44% EPS growth.

Rwc Asset Management Llp increased Bank Amer Corp (NYSE:BAC) stake by 46,550 shares to 231,556 valued at $5.12M in 2016Q4. It also upped Paypal Hldgs Inc stake by 15,778 shares and now owns 77,495 shares. Emerson Elec Co (NYSE:EMR) was raised too.

Among 19 analysts covering United Continental (NYSE:UAL), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. United Continental had 43 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Outperform” rating by Cowen & Co given on Wednesday, November 16. The rating was maintained by Cowen & Co on Monday, August 31 with “Outperform”. Imperial Capital maintained the stock with “In-Line” rating in Thursday, January 12 report. S&P Research maintained United Continental Holdings Inc (NYSE:UAL) rating on Thursday, September 3. S&P Research has “Strong Buy” rating and $70 target. Standpoint Research initiated United Continental Holdings Inc (NYSE:UAL) on Monday, August 24 with “Buy” rating. On Thursday, December 15 the stock rating was initiated by Barclays Capital with “Overweight”. As per Tuesday, April 12, the company rating was maintained by Credit Suisse. The company was downgraded on Thursday, March 24 by Raymond James. The rating was initiated by Imperial Capital on Tuesday, August 23 with “Outperform”. Cowen & Co maintained the shares of UAL in report on Tuesday, April 11 with “Market Perform” rating.

Investors sentiment decreased to 0.76 in 2016 Q4. Its down 0.04, from 0.8 in 2016Q3. It turned negative, as 59 investors sold UAL shares while 211 reduced holdings. 80 funds opened positions while 126 raised stakes. 296.70 million shares or 4.37% more from 284.26 million shares in 2016Q3 were reported. Profund Ltd Liability owns 10,056 shares. Ontario – Canada-based Breton Hill Capital Ltd has invested 0.07% in United Continental Holdings Inc (NYSE:UAL). Mayo Advisers Llc stated it has 244,125 shares. Westfield Mngmt Lp, a Massachusetts-based fund reported 2.10M shares. Pinebridge Invests LP has invested 0.41% in United Continental Holdings Inc (NYSE:UAL). Impala Asset Mngmt Lc holds 42,559 shares. Caisse De Depot Et Placement Du Quebec has invested 0.03% in United Continental Holdings Inc (NYSE:UAL). Clark Estates Incorporated New York reported 62,000 shares. Berkshire Hathaway accumulated 28.95M shares. Benchmark Advsrs stated it has 4,000 shares. British Columbia Inv Management Corporation has 53,185 shares for 0.03% of their portfolio. Norinchukin Bancorporation The has invested 0.08% in United Continental Holdings Inc (NYSE:UAL). Hilton Cap Ltd Limited Liability Company reported 0.07% in United Continental Holdings Inc (NYSE:UAL). Oppenheimer & Co invested in 202,131 shares or 0.43% of the stock. Global Endowment Mgmt L P, North Carolina-based fund reported 22,130 shares.

Analysts await United Continental Holdings Inc (NYSE:UAL) to report earnings on July, 18. They expect $2.17 earnings per share, down 16.86% or $0.44 from last year’s $2.61 per share. UAL’s profit will be $666.99 million for 8.99 P/E if the $2.17 EPS becomes a reality. After $0.41 actual earnings per share reported by United Continental Holdings Inc for the previous quarter, Wall Street now forecasts 429.27% EPS growth.

Since February 28, 2017, it had 1 buying transaction, and 3 insider sales for $2.29 million activity. Shares for $359,823 were sold by Bonds Michael P. 10,000 United Continental Holdings Inc (NYSE:UAL) shares with value of $748,131 were bought by Levy Andrew C.

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