Castine Capital Management Decreased Community Bankers Tr (ESXB) Position by $635,744 as Stock Price Rose; As Range Res (Call) (RRC) Shares Declined, Shareholder Stelliam Investment Management LP Has Cut Position

April 17, 2018 - By Maria Brooks

Range Resources Corporation (NYSE:RRC) Logo

Ross Margolies decreased its stake in Range Res Corp (Call) (RRC) by 30.92% based on its latest 2017Q4 regulatory filing with the SEC. Stelliam Investment Management Lp sold 1.66M shares as the company’s stock declined 13.12% with the market. The hedge fund run by Ross Margolies held 3.72 million shares of the oil & gas production company at the end of 2017Q4, valued at $63.46 million, down from 5.38 million at the end of the previous reported quarter. Stelliam Investment Management Lp who had been investing in Range Res Corp (Call) for a number of months, seems to be less bullish one the $3.50B market cap company. The stock decreased 1.79% or $0.26 during the last trading session, reaching $14.24. About 906,008 shares traded. Range Resources Corporation (NYSE:RRC) has declined 48.60% since April 17, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Castine Capital Management Llc decreased its stake in Community Bankers Tr Corp (ESXB) by 5.2% based on its latest 2017Q4 regulatory filing with the SEC. Castine Capital Management Llc sold 79,468 shares as the company’s stock rose 6.63% while stock markets declined. The institutional investor held 1.45 million shares of the major banks company at the end of 2017Q4, valued at $11.81M, down from 1.53 million at the end of the previous reported quarter. Castine Capital Management Llc who had been investing in Community Bankers Tr Corp for a number of months, seems to be less bullish one the $196.46 million market cap company. The stock increased 1.14% or $0.1 during the last trading session, reaching $8.9. About 355 shares traded. Community Bankers Trust Corporation (NASDAQ:ESXB) has risen 8.59% since April 17, 2017 and is uptrending. It has underperformed by 2.96% the S&P500.

Among 5 analysts covering Community Bankers Trust Corp. (NASDAQ:ESXB), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Community Bankers Trust Corp. had 18 analyst reports since September 22, 2015 according to SRatingsIntel. The stock of Community Bankers Trust Corporation (NASDAQ:ESXB) earned “Outperform” rating by Keefe Bruyette & Woods on Monday, October 19. Brean Capital maintained Community Bankers Trust Corporation (NASDAQ:ESXB) on Friday, December 1 with “Buy” rating. The firm earned “Buy” rating on Monday, October 30 by Brean Capital. Brean Capital maintained the shares of ESXB in report on Monday, January 29 with “Buy” rating. Sandler O’Neill maintained Community Bankers Trust Corporation (NASDAQ:ESXB) rating on Thursday, January 4. Sandler O’Neill has “Hold” rating and $8.5 target. The firm has “Buy” rating by Brean Capital given on Thursday, April 5. On Friday, January 8 the stock rating was initiated by Stephens with “Overweight”. Keefe Bruyette & Woods downgraded Community Bankers Trust Corporation (NASDAQ:ESXB) on Tuesday, October 3 to “Hold” rating. The firm earned “Buy” rating on Monday, April 16 by Brean Capital. The stock of Community Bankers Trust Corporation (NASDAQ:ESXB) earned “Buy” rating by Brean Capital on Tuesday, January 2.

Castine Capital Management Llc, which manages about $395.38M and $294.27M US Long portfolio, upped its stake in First Bancshares Inc Ms (NASDAQ:FBMS) by 34,622 shares to 357,336 shares, valued at $12.22 million in 2017Q4, according to the filing. It also increased its holding in Independent Bk Group Inc (NASDAQ:IBTX) by 70,133 shares in the quarter, for a total of 191,671 shares, and has risen its stake in Ameris Bancorp (NASDAQ:ABCB).

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.42, from 1.5 in 2017Q3. It is negative, as 8 investors sold ESXB shares while 17 reduced holdings. 5 funds opened positions while 22 raised stakes. 12.83 million shares or 1.13% more from 12.68 million shares in 2017Q3 were reported. Ejf Cap Ltd Limited Liability Company has invested 0.98% in Community Bankers Trust Corporation (NASDAQ:ESXB). Monarch Prtn Asset Ltd Co accumulated 43,510 shares or 0.03% of the stock. Barclays Pcl reported 3,600 shares. Manufacturers Life Insur The reported 19,778 shares. New York-based American has invested 0% in Community Bankers Trust Corporation (NASDAQ:ESXB). The United Kingdom-based Legal General Gp Public Ltd has invested 0% in Community Bankers Trust Corporation (NASDAQ:ESXB). Royal Commercial Bank Of Canada has 4 shares for 0% of their portfolio. Moreover, Schwab Charles Inv Management has 0% invested in Community Bankers Trust Corporation (NASDAQ:ESXB) for 37,200 shares. Morgan Stanley invested in 46,249 shares or 0% of the stock. Voya Management Limited, a Georgia-based fund reported 13,486 shares. Janney Montgomery Scott has invested 0% in Community Bankers Trust Corporation (NASDAQ:ESXB). Alliancebernstein Limited Partnership, New York-based fund reported 14,110 shares. Ameritas Invest Prtnrs, Nebraska-based fund reported 1,884 shares. Tiaa Cref Invest Mgmt Lc owns 57,116 shares for 0% of their portfolio. State Street stated it has 0% in Community Bankers Trust Corporation (NASDAQ:ESXB).

Analysts await Community Bankers Trust Corporation (NASDAQ:ESXB) to report earnings on April, 25. They expect $0.13 earnings per share, up 18.18% or $0.02 from last year’s $0.11 per share. ESXB’s profit will be $2.87M for 17.12 P/E if the $0.13 EPS becomes a reality. After $0.13 actual earnings per share reported by Community Bankers Trust Corporation for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 24 have Buy rating, 3 Sell and 18 Hold. Therefore 53% are positive. Range Resources Corp. had 148 analyst reports since July 21, 2015 according to SRatingsIntel. Cowen & Co maintained Range Resources Corporation (NYSE:RRC) rating on Friday, November 3. Cowen & Co has “Buy” rating and $30.0 target. Piper Jaffray maintained the shares of RRC in report on Friday, January 26 with “Buy” rating. The rating was maintained by Morgan Stanley with “Equal-Weight” on Thursday, October 26. The stock has “Buy” rating by Stifel Nicolaus on Friday, July 8. As per Tuesday, August 8, the company rating was maintained by Stifel Nicolaus. The rating was downgraded by Howard Weil to “Sector Perform” on Monday, December 14. As per Thursday, March 10, the company rating was downgraded by Robert W. Baird. Piper Jaffray maintained the shares of RRC in report on Wednesday, March 14 with “Buy” rating. The firm has “Under Review” rating by Cantor Fitzgerald given on Monday, September 7. The firm has “Hold” rating by KeyBanc Capital Markets given on Monday, November 13.

Since October 26, 2017, it had 1 buying transaction, and 3 insider sales for $228,453 activity. MANNY ROGER S had sold 10,757 shares worth $176,678. PALKO STEFFEN E bought $500,609 worth of Range Resources Corporation (NYSE:RRC) on Tuesday, January 30. DUB ANTHONY V had sold 2,897 shares worth $46,533.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.27, from 1.35 in 2017Q3. It dropped, as 51 investors sold RRC shares while 119 reduced holdings. 58 funds opened positions while 125 raised stakes. 230.02 million shares or 7.28% less from 248.08 million shares in 2017Q3 were reported. Denver Advsrs Ltd owns 0.1% invested in Range Resources Corporation (NYSE:RRC) for 121,636 shares. Holt Cap Ltd Company Dba Holt Cap Ptnrs Ltd Partnership accumulated 23,815 shares. Jane Street Gru Ltd Liability Corp owns 420,752 shares for 0.02% of their portfolio. Royal Comml Bank Of Canada invested in 0% or 414,979 shares. Shah Capital Management stated it has 80,100 shares or 0.63% of all its holdings. Quantbot Technology LP holds 12,028 shares. Great West Life Assurance Can accumulated 179,502 shares. Illinois-based Castleark Management Ltd Com has invested 0.03% in Range Resources Corporation (NYSE:RRC). Blackrock Incorporated has 15.54 million shares. Dekabank Deutsche Girozentrale, a Germany-based fund reported 18,218 shares. Bruni J V And holds 1.48% of its portfolio in Range Resources Corporation (NYSE:RRC) for 513,034 shares. Oslo Asset Management As accumulated 675,300 shares. Bartlett & Communications Limited Liability has invested 0% of its portfolio in Range Resources Corporation (NYSE:RRC). Cornerstone Advsr Incorporated owns 175 shares. Garrison Bradford Associate holds 0.37% or 26,200 shares in its portfolio.

Stelliam Investment Management Lp, which manages about $3.51 billion and $2.42 billion US Long portfolio, upped its stake in Arris Intl Inc by 120,000 shares to 1.71 million shares, valued at $43.93 million in 2017Q4, according to the filing. It also increased its holding in Cabot Oil & Gas Corp (NYSE:COG) by 4.67 million shares in the quarter, for a total of 10.08M shares, and has risen its stake in Air Prods & Chems Inc (NYSE:APD).

Analysts await Range Resources Corporation (NYSE:RRC) to report earnings on April, 25 after the close. They expect $0.45 EPS, down 34.78% or $0.24 from last year’s $0.69 per share. RRC’s profit will be $110.48 million for 7.91 P/E if the $0.45 EPS becomes a reality. After $0.22 actual EPS reported by Range Resources Corporation for the previous quarter, Wall Street now forecasts 104.55% EPS growth.

Community Bankers Trust Corporation (NASDAQ:ESXB) Institutional Positions Chart

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