Eagle Asset Management Increases Position in Rsp Permian (RSPP); As Myriad Genetics (MYGN) Valuation Rose, Shareholder S&T Bank Has Decreased Stake by $902,880

January 15, 2018 - By Richard Conner

Eagle Asset Management Inc increased its stake in Rsp Permian Inc (RSPP) by 21.14% based on its latest 2017Q3 regulatory filing with the SEC. Eagle Asset Management Inc bought 669,488 shares as the company’s stock declined 5.27% while stock markets rallied. The institutional investor held 3.84M shares of the energy company at the end of 2017Q3, valued at $133.88M, up from 3.17 million at the end of the previous reported quarter. Eagle Asset Management Inc who had been investing in Rsp Permian Inc for a number of months, seems to be bullish on the $6.68 billion market cap company. The stock increased 0.17% or $0.07 during the last trading session, reaching $42.09. About 1.28 million shares traded. RSP Permian, Inc. (NYSE:RSPP) has risen 25.82% since January 15, 2017 and is uptrending. It has outperformed by 9.12% the S&P500.

S&T Bank decreased its stake in Myriad Genetics Inc (MYGN) by 4.89% based on its latest 2017Q3 regulatory filing with the SEC. S&T Bank sold 25,080 shares as the company’s stock rose 13.21% with the market. The institutional investor held 487,501 shares of the health care company at the end of 2017Q3, valued at $17.64M, down from 512,581 at the end of the previous reported quarter. S&T Bank who had been investing in Myriad Genetics Inc for a number of months, seems to be less bullish one the $2.50B market cap company. The stock increased 1.46% or $0.52 during the last trading session, reaching $36.05. About 670,506 shares traded. Myriad Genetics, Inc. (NASDAQ:MYGN) has declined 37.47% since January 15, 2017 and is downtrending. It has underperformed by 54.17% the S&P500.

Analysts await Myriad Genetics, Inc. (NASDAQ:MYGN) to report earnings on February, 6. They expect $0.24 EPS, down 7.69% or $0.02 from last year’s $0.26 per share. MYGN’s profit will be $16.62 million for 37.55 P/E if the $0.24 EPS becomes a reality. After $0.26 actual EPS reported by Myriad Genetics, Inc. for the previous quarter, Wall Street now forecasts -7.69% negative EPS growth.

Since September 1, 2017, it had 0 buys, and 3 sales for $1.36 million activity. Another trade for 7,500 shares valued at $248,925 was made by GILBERT WALTER PHD on Thursday, December 14. 6,000 shares valued at $201,000 were sold by DREISMANN HEINRICH on Monday, December 11.

Among 20 analysts covering Myriad Genetics (NASDAQ:MYGN), 4 have Buy rating, 4 Sell and 12 Hold. Therefore 20% are positive. Myriad Genetics had 50 analyst reports since July 21, 2015 according to SRatingsIntel. Gabelli initiated the stock with “Buy” rating in Tuesday, July 21 report. The rating was maintained by Cowen & Co with “Hold” on Monday, August 14. The company was maintained on Thursday, August 11 by Jefferies. The rating was upgraded by Goldman Sachs on Tuesday, December 8 to “Neutral”. The company was downgraded on Friday, July 29 by Bank of America. Deutsche Bank upgraded the shares of MYGN in report on Friday, August 18 to “Hold” rating. The firm earned “Neutral” rating on Wednesday, August 10 by PiperJaffray. The stock of Myriad Genetics, Inc. (NASDAQ:MYGN) earned “Market Perform” rating by Leerink Swann on Wednesday, May 4. The firm has “Hold” rating by Piper Jaffray given on Thursday, July 13. The rating was downgraded by Wells Fargo on Wednesday, August 10 to “Market Perform”.

Investors sentiment decreased to 0.86 in 2017 Q3. Its down 0.16, from 1.02 in 2017Q2. It turned negative, as 33 investors sold MYGN shares while 72 reduced holdings. 28 funds opened positions while 62 raised stakes. 71.79 million shares or 8.95% less from 78.85 million shares in 2017Q2 were reported. Mackenzie Fincl Corporation holds 210,697 shares. Profund Advsr Limited Liability has invested 0.06% in Myriad Genetics, Inc. (NASDAQ:MYGN). Zebra Mgmt Ltd Limited Liability Company accumulated 10,035 shares. Federated Invsts Inc Pa holds 0% or 3,664 shares in its portfolio. 25,670 are owned by United Automobile Association. The Illinois-based State Farm Mutual Automobile Insur Commerce has invested 0.02% in Myriad Genetics, Inc. (NASDAQ:MYGN). Bb&T Secs Llc has invested 0.01% of its portfolio in Myriad Genetics, Inc. (NASDAQ:MYGN). Millennium Lc has 561,956 shares for 0.03% of their portfolio. Cantab Capital Partners Llp owns 47,542 shares. Louisiana State Employees Retirement Sys reported 27,700 shares stake. 13,650 are owned by Tiedemann Wealth Management Ltd. 9,097 are held by Raymond James And Associates. 3.58 million are held by Dimensional Fund Advsrs Lp. Parsec Fincl Mngmt Incorporated accumulated 32,450 shares. Barclays Public Ltd Co invested in 90,107 shares.

Among 35 analysts covering RSP Permian (NYSE:RSPP), 33 have Buy rating, 0 Sell and 2 Hold. Therefore 94% are positive. RSP Permian had 121 analyst reports since July 21, 2015 according to SRatingsIntel. CapitalOne initiated the shares of RSPP in report on Thursday, October 6 with “Overweight” rating. The stock of RSP Permian, Inc. (NYSE:RSPP) earned “Buy” rating by Goldman Sachs on Tuesday, April 11. The company was initiated on Friday, October 30 by Susquehanna. On Tuesday, October 13 the stock rating was maintained by Roth Capital with “Buy”. The firm has “Buy” rating given on Thursday, July 20 by RBC Capital Markets. The stock of RSP Permian, Inc. (NYSE:RSPP) has “Buy” rating given on Tuesday, June 14 by Deutsche Bank. As per Friday, January 29, the company rating was initiated by BMO Capital Markets. The rating was upgraded by Guggenheim on Monday, December 19 to “Buy”. The stock has “Buy” rating by Evercore on Friday, October 2. Robert W. Baird initiated RSP Permian, Inc. (NYSE:RSPP) rating on Tuesday, December 19. Robert W. Baird has “Outperform” rating and $46 target.

Eagle Asset Management Inc, which manages about $25.60 billion and $17.45 billion US Long portfolio, decreased its stake in Korn/Ferry International (NYSE:KFY) by 30,662 shares to 530,644 shares, valued at $21.46 million in 2017Q3, according to the filing. It also reduced its holding in Paycom Software Inc (NYSE:PAYC) by 33,566 shares in the quarter, leaving it with 331,711 shares, and cut its stake in Delphi Automotive Plc (NYSE:DLPH).

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