As Virtusa Corp. (VRTU) Market Valuation Rose, Shareholder Summit Creek Advisors Lowered by $2.75 Million Its Position; Whitebox Advisors Trimmed Stake in Par Pacific Holdings (PARR) by $23.24 Million

May 19, 2018 - By Vivian Currie

Virtusa Corporation (NASDAQ:VRTU) Logo

Summit Creek Advisors Llc decreased its stake in Virtusa Corp. (VRTU) by 30.47% based on its latest 2017Q4 regulatory filing with the SEC. Summit Creek Advisors Llc sold 62,428 shares as the company’s stock rose 3.96% while stock markets declined. The institutional investor held 142,422 shares of the edp services company at the end of 2017Q4, valued at $6.28M, down from 204,850 at the end of the previous reported quarter. Summit Creek Advisors Llc who had been investing in Virtusa Corp. for a number of months, seems to be less bullish one the $1.40B market cap company. The stock increased 0.46% or $0.22 during the last trading session, reaching $47.59. About 206,671 shares traded. Virtusa Corporation (NASDAQ:VRTU) has risen 56.23% since May 19, 2017 and is uptrending. It has outperformed by 44.68% the S&P500.

Andy Redleaf decreased its stake in Par Pacific Holdings Inc (PARR) by 22.94% based on its latest 2017Q4 regulatory filing with the SEC. Whitebox Advisors Llc sold 1.22M shares as the company’s stock declined 12.07% with the market. The hedge fund run by Andy Redleaf held 4.11M shares of the oil & gas production company at the end of 2017Q4, valued at $79.25M, down from 5.33M at the end of the previous reported quarter. Whitebox Advisors Llc who had been investing in Par Pacific Holdings Inc for a number of months, seems to be less bullish one the $804.77M market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $17.54. About 944,439 shares traded or 405.69% up from the average. Par Pacific Holdings, Inc. (NYSEMKT:PARR) has risen 6.47% since May 19, 2017 and is uptrending. It has underperformed by 5.08% the S&P500.

Whitebox Advisors Llc, which manages about $8.40B and $3.55 billion US Long portfolio, upped its stake in Time Warner Inc (NYSE:TWX) by 831,570 shares to 1.07 million shares, valued at $98.06 million in 2017Q4, according to the filing. It also increased its holding in Altaba Inc by 1.26M shares in the quarter, for a total of 6.90M shares, and has risen its stake in Renewable Energy Group Inc (Prn).

Among 6 analysts covering Par Pacific (NYSEMKT:PARR), 4 have Buy rating, 0 Sell and 2 Hold. Therefore 67% are positive. Par Pacific had 7 analyst reports since November 23, 2015 according to SRatingsIntel. As per Friday, May 20, the company rating was initiated by Sterne Agee CRT. On Thursday, January 28 the stock rating was initiated by Imperial Capital with “Outperform”. The rating was initiated by Mizuho on Thursday, October 6 with “Buy”. Seaport Global Securities initiated the stock with “Buy” rating in Thursday, September 8 report. The stock has “Outperform” rating by Imperial Capital on Wednesday, May 18. The stock of Par Pacific Holdings, Inc. (NYSE:PARR) has “Hold” rating given on Monday, November 23 by Miller Tabak. Cowen & Co initiated Par Pacific Holdings, Inc. (NYSE:PARR) rating on Friday, June 10. Cowen & Co has “Market Perform” rating and $15 target.

Another recent and important Par Pacific Holdings, Inc. (NYSE:PARR) news was published by Globenewswire.com which published an article titled: “Report: Developing Opportunities within IDACORP, Immersion, MTGE Investment, Chanticleer, Par Pacific, and …” on April 24, 2018.

Analysts await Par Pacific Holdings, Inc. (NYSE:PARR) to report earnings on August, 6. They expect $0.28 EPS, up 16.67% or $0.04 from last year’s $0.24 per share. PARR’s profit will be $12.85M for 15.66 P/E if the $0.28 EPS becomes a reality. After $0.18 actual EPS reported by Par Pacific Holdings, Inc. for the previous quarter, Wall Street now forecasts 55.56% EPS growth.

Since December 12, 2017, it had 0 insider buys, and 18 insider sales for $8.74 million activity. On Thursday, March 15 Modder Roger Keith sold $625,351 worth of Virtusa Corporation (NASDAQ:VRTU) or 12,500 shares. Shares for $614,584 were sold by Canekeratne Kris A on Monday, March 12. On Thursday, March 15 the insider Kalia Ranjan sold $698,453. $68,186 worth of Virtusa Corporation (NASDAQ:VRTU) was sold by DAVOLI ROBERT E. $171,081 worth of Virtusa Corporation (NASDAQ:VRTU) shares were sold by Narayanan Sundararajan. 17,479 Virtusa Corporation (NASDAQ:VRTU) shares with value of $883,273 were sold by Holler Thomas R.

More recent Virtusa Corporation (NASDAQ:VRTU) news were published by: Benzinga.com which released: “Earnings Scheduled For May 15, 2018” on May 15, 2018. Also Profitconfidential.com published the news titled: “Virtusa Stock Is Heading to Higher Ground” on April 30, 2018. Globenewswire.com‘s news article titled: “Consolidated Research: 2018 Summary Expectations for Virtusa, AutoZone, Healthcare Services Group, Vmware …” with publication date: May 17, 2018 was also an interesting one.

Among 10 analysts covering Virtusa (NASDAQ:VRTU), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Virtusa had 38 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, February 9 by Barrington. Maxim Group maintained Virtusa Corporation (NASDAQ:VRTU) on Tuesday, March 13 with “Buy” rating. On Tuesday, April 10 the stock rating was upgraded by Needham to “Buy”. The rating was maintained by Needham on Thursday, November 10 with “Buy”. The rating was initiated by Barrington Research with “Outperform” on Thursday, August 20. As per Thursday, October 12, the company rating was maintained by Cowen & Co. The stock of Virtusa Corporation (NASDAQ:VRTU) earned “Buy” rating by Needham on Wednesday, July 29. The stock has “Outperform” rating by Wedbush on Friday, January 6. The stock of Virtusa Corporation (NASDAQ:VRTU) has “Buy” rating given on Wednesday, March 14 by Needham. The firm has “Buy” rating given on Thursday, February 8 by Maxim Group.

Investors sentiment increased to 1.5 in Q4 2017. Its up 0.70, from 0.8 in 2017Q3. It increased, as 7 investors sold VRTU shares while 51 reduced holdings. 37 funds opened positions while 50 raised stakes. 24.34 million shares or 3.51% less from 25.23 million shares in 2017Q3 were reported. Ameriprise Financial stated it has 0% in Virtusa Corporation (NASDAQ:VRTU). Mason Street Advisors Limited Liability Corporation accumulated 7,103 shares. Victory Cap Management Inc holds 0% in Virtusa Corporation (NASDAQ:VRTU) or 3,771 shares. Moreover, Stone Ridge Asset Limited has 0.05% invested in Virtusa Corporation (NASDAQ:VRTU) for 18,330 shares. Prudential Incorporated stated it has 0% in Virtusa Corporation (NASDAQ:VRTU). Smith Asset Management Group Inc Limited Partnership holds 0.1% or 75,000 shares in its portfolio. Ubs Asset Management Americas reported 5,918 shares. Advsr Asset has 0% invested in Virtusa Corporation (NASDAQ:VRTU). Macquarie Grp, a Australia-based fund reported 8,500 shares. 9,900 were reported by Laurion Cap Lp. Louisiana State Employees Retirement holds 11,700 shares. 82,712 were accumulated by Fil. Glenmede Tru Na holds 0% or 290 shares in its portfolio. Pzena Inv Limited holds 0.01% of its portfolio in Virtusa Corporation (NASDAQ:VRTU) for 50,636 shares. Invesco Ltd reported 150,041 shares.

Summit Creek Advisors Llc, which manages about $971.18 million and $532.50 million US Long portfolio, upped its stake in Ultimate Software Group Inc. (NASDAQ:ULTI) by 13,055 shares to 64,790 shares, valued at $14.14M in 2017Q4, according to the filing. It also increased its holding in Icon Plc (NASDAQ:ICLR) by 25,533 shares in the quarter, for a total of 142,369 shares, and has risen its stake in Biotelemetry Inc. (NASDAQ:BEAT).

Virtusa Corporation (NASDAQ:VRTU) Institutional Positions Chart

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