As Devon Energy Corp. (DVN) Market Value Declined, Holder Connor Clark & Lunn Investment Management LTD Has Trimmed by $15.73 Million Its Stake; Pacad Investment LTD Has Lowered Its Holding in Spirit Aerosystems Hldgs (SPR) by $519,390

April 21, 2018 - By Marguerite Chambers

Spirit AeroSystems Holdings, Inc. (NYSE:SPR) Logo

Pacad Investment Ltd decreased its stake in Spirit Aerosystems Hldgs Inc (SPR) by 56.32% based on its latest 2017Q4 regulatory filing with the SEC. Pacad Investment Ltd sold 5,970 shares as the company’s stock declined 3.86% with the market. The institutional investor held 4,630 shares of the capital goods company at the end of 2017Q4, valued at $404,000, down from 10,600 at the end of the previous reported quarter. Pacad Investment Ltd who had been investing in Spirit Aerosystems Hldgs Inc for a number of months, seems to be less bullish one the $9.23 billion market cap company. The stock decreased 0.98% or $0.8 during the last trading session, reaching $80.51. About 519,118 shares traded. Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has risen 46.91% since April 21, 2017 and is uptrending. It has outperformed by 35.36% the S&P500.

Connor Clark & Lunn Investment Management Ltd decreased its stake in Devon Energy Corp. (DVN) by 95.56% based on its latest 2017Q4 regulatory filing with the SEC. Connor Clark & Lunn Investment Management Ltd sold 383,626 shares as the company’s stock declined 23.72% with the market. The institutional investor held 17,824 shares of the oil & gas production company at the end of 2017Q4, valued at $738,000, down from 401,450 at the end of the previous reported quarter. Connor Clark & Lunn Investment Management Ltd who had been investing in Devon Energy Corp. for a number of months, seems to be less bullish one the $18.62B market cap company. The stock decreased 0.81% or $0.29 during the last trading session, reaching $35.4. About 8.33 million shares traded. Devon Energy Corporation (NYSE:DVN) has declined 18.44% since April 21, 2017 and is downtrending. It has underperformed by 29.99% the S&P500.

Among 38 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 13 Hold. Therefore 66% are positive. Devon Energy Corporation had 132 analyst reports since July 21, 2015 according to SRatingsIntel. Argus Research maintained the shares of DVN in report on Tuesday, August 23 with “Buy” rating. The rating was maintained by Credit Suisse with “Outperform” on Thursday, February 18. As per Thursday, February 22, the company rating was maintained by Bernstein. On Tuesday, August 29 the stock rating was maintained by Jefferies with “Hold”. As per Thursday, August 24, the company rating was maintained by RBC Capital Markets. The stock has “Accumulate” rating by Johnson Rice on Thursday, May 19. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Citigroup on Monday, September 14. The firm has “Hold” rating by Piper Jaffray given on Wednesday, March 14. The company was upgraded on Thursday, November 12 by Guggenheim. The rating was maintained by BMO Capital Markets on Thursday, January 11 with “Buy”.

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on May, 1 after the close. They expect $0.24 earnings per share, down 41.46% or $0.17 from last year’s $0.41 per share. DVN’s profit will be $126.26M for 36.88 P/E if the $0.24 EPS becomes a reality. After $0.38 actual earnings per share reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts -36.84% negative EPS growth.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.08, from 1 in 2017Q3. It turned negative, as 51 investors sold DVN shares while 257 reduced holdings. 94 funds opened positions while 188 raised stakes. 404.83 million shares or 2.08% more from 396.57 million shares in 2017Q3 were reported. Chelsea Counsel holds 0.14% in Devon Energy Corporation (NYSE:DVN) or 6,477 shares. Brave Asset Mngmt Inc has 12,700 shares for 0.27% of their portfolio. Adage Prns Llc has 400,100 shares. First Allied Advisory Svcs holds 0.01% in Devon Energy Corporation (NYSE:DVN) or 5,822 shares. The California-based Bailard Inc has invested 0.05% in Devon Energy Corporation (NYSE:DVN). Fil Limited accumulated 152,406 shares. Mitsubishi Ufj reported 1.00M shares. Advisor Partners Ltd Liability Co reported 13,940 shares. Systematic Fin Limited Partnership has 139,794 shares. Murphy Pohlad Asset Management Limited Liability Corporation reported 0.36% stake. Sterneck Cap Ltd Com invested in 0.13% or 5,363 shares. 5,200 are owned by Mirae Asset Ltd. Community Commercial Bank Na holds 449 shares or 0% of its portfolio. Two Sigma Secs Lc holds 0.01% or 8,315 shares. Stifel Corporation accumulated 166,407 shares.

Connor Clark & Lunn Investment Management Ltd, which manages about $26.75 billion and $17.13B US Long portfolio, upped its stake in Schein Henry Inc (NASDAQ:HSIC) by 46,350 shares to 53,350 shares, valued at $3.73 million in 2017Q4, according to the filing. It also increased its holding in Unilever Nv (NYSE:UN) by 439,350 shares in the quarter, for a total of 447,950 shares, and has risen its stake in Resolute Forest Product (NYSE:RFP).

Among 23 analysts covering Spirit Aerosystems (NYSE:SPR), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. Spirit Aerosystems had 72 analyst reports since July 30, 2015 according to SRatingsIntel. The stock of Spirit AeroSystems Holdings, Inc. (NYSE:SPR) has “Sell” rating given on Monday, June 5 by RBC Capital Markets. Deutsche Bank maintained the stock with “Hold” rating in Monday, December 5 report. As per Monday, January 18, the company rating was upgraded by Credit Suisse. The stock has “Hold” rating by SunTrust on Thursday, January 19. The firm earned “Buy” rating on Thursday, September 28 by Cowen & Co. Standpoint Research downgraded the stock to “Hold” rating in Tuesday, February 28 report. RBC Capital Markets maintained the shares of SPR in report on Thursday, July 30 with “Sector Perform” rating. The rating was maintained by Jefferies on Tuesday, September 5 with “Buy”. The rating was maintained by Jefferies with “Buy” on Monday, July 24. The firm earned “Sector Perform” rating on Wednesday, October 28 by RBC Capital Markets.

Analysts await Spirit AeroSystems Holdings, Inc. (NYSE:SPR) to report earnings on May, 2. They expect $1.33 earnings per share, up 13.68% or $0.16 from last year’s $1.17 per share. SPR’s profit will be $152.46M for 15.13 P/E if the $1.33 EPS becomes a reality. After $1.32 actual earnings per share reported by Spirit AeroSystems Holdings, Inc. for the previous quarter, Wall Street now forecasts 0.76% EPS growth.

Pacad Investment Ltd, which manages about $440.53 million US Long portfolio, upped its stake in General Mls Inc (NYSE:GIS) by 24,100 shares to 28,000 shares, valued at $1.66M in 2017Q4, according to the filing. It also increased its holding in Rollins Inc (NYSE:ROL) by 12,100 shares in the quarter, for a total of 16,100 shares, and has risen its stake in Allstate Corp (NYSE:ALL).

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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