Goldman Sachs (GS) Stake Has Upped by Grassi Investment Management; As Nabors Industries LTD (NBR) Stock Price Declined, Holder Rbf Capital Has Cut Its Position

February 22, 2018 - By Kurt Siggers

Rbf Capital Llc decreased its stake in Nabors Industries Ltd (NBR) by 49.64% based on its latest 2017Q3 regulatory filing with the SEC. Rbf Capital Llc sold 63,028 shares as the company’s stock declined 31.29% while stock markets rallied. The institutional investor held 63,948 shares of the oil & gas production company at the end of 2017Q3, valued at $515,000, down from 126,976 at the end of the previous reported quarter. Rbf Capital Llc who had been investing in Nabors Industries Ltd for a number of months, seems to be less bullish one the $2.15B market cap company. The stock increased 4.89% or $0.32 during the last trading session, reaching $6.76. About 3.41M shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since February 22, 2017 and is uptrending. It has outperformed by 15.96% the S&P500.

Grassi Investment Management increased its stake in Goldman Sachs (GS) by 79.44% based on its latest 2017Q3 regulatory filing with the SEC. Grassi Investment Management bought 10,125 shares as the company’s stock declined 13.97% while stock markets rallied. The institutional investor held 22,870 shares of the finance company at the end of 2017Q3, valued at $5.43 million, up from 12,745 at the end of the previous reported quarter. Grassi Investment Management who had been investing in Goldman Sachs for a number of months, seems to be bullish on the $99.02 billion market cap company. The stock decreased 0.34% or $0.89 during the last trading session, reaching $262.51. About 1.30 million shares traded. The Goldman Sachs Group, Inc. (NYSE:GS) has risen 39.23% since February 22, 2017 and is uptrending. It has outperformed by 22.53% the S&P500.

Grassi Investment Management, which manages about $608.21M and $594.06 million US Long portfolio, decreased its stake in Pinnacle Foods (NYSE:PF) by 6,303 shares to 113,517 shares, valued at $6.49 million in 2017Q3, according to the filing. It also reduced its holding in Enrgy Trnsfr Prt (NYSE:ETP) by 54,300 shares in the quarter, leaving it with 121,488 shares, and cut its stake in Ibm Corporation (NYSE:IBM).

Since October 18, 2017, it had 0 buys, and 8 insider sales for $28.24 million activity. SOLOMON DAVID M sold 21,252 shares worth $5.77M. CHAVEZ R. MARTIN had sold 11,829 shares worth $3.07 million. Another trade for 25,000 shares valued at $6.13 million was sold by SCHWARTZ HARVEY M. $1.19M worth of stock was sold by GNODDE RICHARD J on Wednesday, October 18. $2.70 million worth of stock was sold by SALAME PABLO J on Thursday, February 1.

Investors sentiment decreased to 0.75 in 2017 Q3. Its down 0.33, from 1.08 in 2017Q2. It dived, as 63 investors sold GS shares while 427 reduced holdings. 82 funds opened positions while 285 raised stakes. 271.74 million shares or 2.47% less from 278.62 million shares in 2017Q2 were reported. Northstar Advisors Ltd reported 1,209 shares. Personal Cap Advsrs reported 106,843 shares. Qvt Ltd Partnership holds 0.56% in The Goldman Sachs Group, Inc. (NYSE:GS) or 63,429 shares. Brown Brothers Harriman & invested 0% in The Goldman Sachs Group, Inc. (NYSE:GS). The California-based Rbf Cap Ltd Llc has invested 0.69% in The Goldman Sachs Group, Inc. (NYSE:GS). Amica Retiree Med invested 0.75% of its portfolio in The Goldman Sachs Group, Inc. (NYSE:GS). Moreover, Pub Employees Retirement System Of Ohio has 0.33% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 263,956 shares. 1,955 are owned by Carlton Hofferkamp & Jenks Wealth Management Ltd Liability Corp. Vantage Invest Partners Ltd Liability reported 0.44% stake. 20,419 were reported by Stanley Mngmt Ltd Liability Company. 1.09 million were reported by State Common Retirement Fund. Patriot Wealth stated it has 26,543 shares or 1.02% of all its holdings. Jnba Advsrs has 0.01% invested in The Goldman Sachs Group, Inc. (NYSE:GS) for 225 shares. Amg Tru Bancorp holds 9,659 shares. Kingfisher Capital Limited Com owns 8,095 shares or 1.27% of their US portfolio.

Among 30 analysts covering Goldman Sachs Group Inc. (NYSE:GS), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Goldman Sachs Group Inc. had 97 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, June 7. The firm has “Hold” rating given on Wednesday, July 13 by Berenberg. The company was upgraded on Monday, August 31 by Evercore. The firm has “Sector Perform” rating given on Monday, January 25 by RBC Capital Markets. The firm has “Market Perform” rating by Wood given on Wednesday, July 19. The stock has “Neutral” rating by Guggenheim on Thursday, October 20. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Buy” rating given on Monday, October 17 by Rafferty. As per Wednesday, May 31, the company rating was maintained by BMO Capital Markets. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Outperform” rating given on Thursday, August 10 by Wells Fargo. The stock of The Goldman Sachs Group, Inc. (NYSE:GS) has “Neutral” rating given on Wednesday, October 18 by Buckingham Research.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on February, 27 after the close. They expect $-0.33 EPS, down 10.00% or $0.03 from last year’s $-0.3 per share. After $-0.42 actual EPS reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -21.43% EPS growth.

Rbf Capital Llc, which manages about $790.57M US Long portfolio, upped its stake in Valeant Pharmaceuticals Intl (NYSE:VRX) by 50,800 shares to 152,400 shares, valued at $2.19 million in 2017Q3, according to the filing. It also increased its holding in Capital One Finl Corp (NYSE:COF) by 5,000 shares in the quarter, for a total of 30,000 shares, and has risen its stake in Rpm Intl Inc (NYSE:RPM).

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