As Rowan Companies Plc (RDC) Stock Declined, Brigade Capital Management LP Trimmed Its Holding; Cadence Capital Management Has Boosted Its Federated Invs Pa (FII) Holding by $1.46 Million

May 26, 2018 - By Ash

Federated Investors, Inc. (NYSE:FII) Logo

Don Morgan decreased its stake in Rowan Companies Plc (RDC) by 16.97% based on its latest 2017Q4 regulatory filing with the SEC. Brigade Capital Management Lp sold 46,000 shares as the company’s stock declined 25.51% with the market. The hedge fund run by Don Morgan held 225,000 shares of the oil & gas production company at the end of 2017Q4, valued at $3.52 million, down from 271,000 at the end of the previous reported quarter. Brigade Capital Management Lp who had been investing in Rowan Companies Plc for a number of months, seems to be less bullish one the $1.93B market cap company. The stock decreased 5.47% or $0.88 during the last trading session, reaching $15.2. About 2.69 million shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since May 26, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

Cadence Capital Management Llc increased its stake in Federated Invs Inc Pa (FII) by 312.03% based on its latest 2017Q4 regulatory filing with the SEC. Cadence Capital Management Llc bought 40,583 shares as the company’s stock declined 10.02% with the market. The institutional investor held 53,589 shares of the finance company at the end of 2017Q4, valued at $1.93M, up from 13,006 at the end of the previous reported quarter. Cadence Capital Management Llc who had been investing in Federated Invs Inc Pa for a number of months, seems to be bullish on the $2.52 billion market cap company. The stock increased 0.98% or $0.24 during the last trading session, reaching $24.83. About 578,336 shares traded. Federated Investors, Inc. (NYSE:FII) has risen 27.78% since May 26, 2017 and is uptrending. It has outperformed by 16.23% the S&P500.

More important recent Rowan Companies plc (NYSE:RDC) news were published by: Seekingalpha.com which released: “Rowan Companies – Attractive Cryptic Balance Sheet” on May 07, 2018, also Seekingalpha.com published article titled: “Rowan Signs 18-Month Contract For Jackup”, Seekingalpha.com published: “Rowan JackUps Get 4 Contracts” on April 30, 2018. More interesting news about Rowan Companies plc (NYSE:RDC) was released by: Seekingalpha.com and their article: “Rowan Gets New Credit Facility” with publication date: May 23, 2018.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on August, 1. They expect $-0.87 EPS, down 248.00% or $0.62 from last year’s $-0.25 per share. After $-0.89 actual EPS reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts -2.25% EPS growth.

Since February 22, 2018, it had 0 insider purchases, and 1 sale for $47,686 activity.

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.25, from 0.7 in 2017Q3. It increased, as 24 investors sold RDC shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported. The Ontario – Canada-based Mackenzie has invested 0.12% in Rowan Companies plc (NYSE:RDC). South Dakota Invest Council reported 0.07% stake. Benjamin F Edwards Co Inc holds 0% or 50 shares in its portfolio. Moreover, Jane Street Group Inc has 0% invested in Rowan Companies plc (NYSE:RDC). Proshare Advsrs Limited Liability Co has invested 0% in Rowan Companies plc (NYSE:RDC). Jefferies Gru Lc has 0.01% invested in Rowan Companies plc (NYSE:RDC). Qs invested in 10,348 shares or 0% of the stock. The Minnesota-based Us Bancorp De has invested 0% in Rowan Companies plc (NYSE:RDC). 101,874 were accumulated by Bluecrest Cap Mgmt Ltd. Quantbot Technology Lp owns 43,571 shares. Convergence Invest Prns Limited Liability Corp accumulated 73,102 shares. Aqr Capital Lc owns 2.84 million shares. Peak6 Invs Lp reported 6,721 shares. Gabelli Funds Ltd Company has invested 0.02% in Rowan Companies plc (NYSE:RDC). Fincl Bank Of Mellon reported 2.08M shares or 0.01% of all its holdings.

Among 34 analysts covering Rowan Companies Inc. (NYSE:RDC), 8 have Buy rating, 3 Sell and 23 Hold. Therefore 24% are positive. Rowan Companies Inc. had 106 analyst reports since July 22, 2015 according to SRatingsIntel. The rating was maintained by Cowen & Co on Tuesday, September 5 with “Hold”. Piper Jaffray maintained the shares of RDC in report on Wednesday, August 2 with “Buy” rating. The rating was downgraded by Fearnley to “Reduce” on Wednesday, March 9. On Thursday, January 28 the stock rating was upgraded by Morgan Stanley to “Equal-Weight”. The stock of Rowan Companies plc (NYSE:RDC) earned “Sector Perform” rating by Howard Weil on Wednesday, September 14. The stock has “Buy” rating by Johnson Rice on Monday, June 13. On Friday, September 23 the stock rating was downgraded by Credit Suisse to “Neutral”. Susquehanna maintained Rowan Companies plc (NYSE:RDC) on Thursday, March 1 with “Hold” rating. RBC Capital Markets maintained the shares of RDC in report on Thursday, July 20 with “Sell” rating. Credit Suisse maintained the shares of RDC in report on Friday, May 4 with “Neutral” rating.

Brigade Capital Management Lp, which manages about $17.09 billion and $1.83 billion US Long portfolio, upped its stake in Allegheny Technologies Inc (NYSE:ATI) by 100,000 shares to 340,000 shares, valued at $8.21 million in 2017Q4, according to the filing. It also increased its holding in Libbey Inc (NYSEMKT:LBY) by 100,000 shares in the quarter, for a total of 1.09M shares, and has risen its stake in Nrg Energy Inc (NYSE:NRG).

Investors sentiment increased to 1.2 in Q4 2017. Its up 0.07, from 1.13 in 2017Q3. It increased, as 17 investors sold FII shares while 89 reduced holdings. 44 funds opened positions while 83 raised stakes. 76.77 million shares or 3.41% less from 79.48 million shares in 2017Q3 were reported. State Of Alaska Department Of Revenue accumulated 0.01% or 14,410 shares. Brown Brothers Harriman & invested 0% in Federated Investors, Inc. (NYSE:FII). Prudential stated it has 211,322 shares or 0.01% of all its holdings. Barrow Hanley Mewhinney & Strauss Limited Liability reported 884 shares or 0% of all its holdings. Virginia Retirement System Et Al reported 35,200 shares or 0.01% of all its holdings. Sterling Mgmt Ltd stated it has 66,800 shares. Gam Holdg Ag has invested 0.05% in Federated Investors, Inc. (NYSE:FII). Comerica Comml Bank stated it has 87,108 shares. Origin Asset Management Llp holds 0.03% of its portfolio in Federated Investors, Inc. (NYSE:FII) for 13,101 shares. Loomis Sayles Limited Partnership owns 853 shares. Plante Moran Finance Advsrs Limited Liability invested in 129 shares. Legal General Public Ltd Liability Corp holds 142,866 shares. Numeric Investors Ltd Co invested in 47,400 shares or 0.01% of the stock. Convergence Investment Ptnrs Lc has invested 0.26% in Federated Investors, Inc. (NYSE:FII). Ubs Asset Management Americas stated it has 126,750 shares or 0% of all its holdings.

Cadence Capital Management Llc, which manages about $4.62B and $1.57B US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 58,565 shares to 196,910 shares, valued at $12.61M in 2017Q4, according to the filing. It also reduced its holding in Huntington Bancshares Inc (NASDAQ:HBAN) by 44,578 shares in the quarter, leaving it with 78,656 shares, and cut its stake in Johnson & Johnson (NYSE:JNJ).

More news for Federated Investors, Inc. (NYSE:FII) were recently published by: Seekingalpha.com, which released: “Federated Investors’ (FII) CEO Chris Donahue on Q1 2018 Results – Earnings Call Transcript” on April 27, 2018. Seekingalpha.com‘s article titled: “Trading Mistake 5: Wrong Risk/Reward Trade Setups” and published on May 14, 2018 is yet another important article.

Among 10 analysts covering Federated Investors (NYSE:FII), 0 have Buy rating, 4 Sell and 6 Hold. Therefore 0 are positive. Federated Investors had 46 analyst reports since July 28, 2015 according to SRatingsIntel. As per Thursday, May 25, the company rating was upgraded by JP Morgan. The rating was maintained by Jefferies on Wednesday, June 28 with “Hold”. The rating was maintained by Jefferies on Monday, July 11 with “Buy”. The rating was downgraded by Jefferies to “Hold” on Monday, November 21. The stock of Federated Investors, Inc. (NYSE:FII) earned “Sell” rating by Keefe Bruyette & Woods on Tuesday, April 10. Keefe Bruyette & Woods maintained the shares of FII in report on Friday, September 1 with “Sell” rating. The company was upgraded on Monday, March 5 by Citigroup. The stock has “Hold” rating by Jefferies on Wednesday, January 10. Wood maintained the stock with “Market Perform” rating in Friday, October 14 report. On Monday, September 25 the stock rating was maintained by Jefferies with “Hold”.

Federated Investors, Inc. (NYSE:FII) Institutional Positions Chart

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