Groesbeck Investment Management Raised Macys Com Com (M) Stake; W&T Offshore (WTI) Has 1.63 Sentiment

April 17, 2018 - By Stephen Andrade

Macy's, Inc. (NYSE:M) Logo

W&T Offshore Inc (WTI) investors sentiment decreased to 1.63 in Q4 2017. It’s down -0.31, from 1.94 in 2017Q3. The ratio fall, as 70 investment professionals increased or opened new positions, while 43 decreased and sold stock positions in W&T Offshore Inc. The investment professionals in our database now own: 63.07 million shares, down from 63.51 million shares in 2017Q3. Also, the number of investment professionals holding W&T Offshore Inc in top ten positions decreased from 1 to 0 for a decrease of 1. Sold All: 11 Reduced: 32 Increased: 35 New Position: 35.

Groesbeck Investment Management Corp increased Macys Inc Com Com (M) stake by 27.55% reported in 2017Q4 SEC filing. Groesbeck Investment Management Corp acquired 36,500 shares as Macys Inc Com Com (M)’s stock rose 8.53%. The Groesbeck Investment Management Corp holds 169,000 shares with $4.26M value, up from 132,500 last quarter. Macys Inc Com Com now has $8.79B valuation. The stock increased 1.70% or $0.48 during the last trading session, reaching $28.74. About 6.17 million shares traded. Macy's, Inc. (NYSE:M) has declined 0.25% since April 17, 2017 and is downtrending. It has underperformed by 11.80% the S&P500.

Among 31 analysts covering Macy’s Inc. (NYSE:M), 8 have Buy rating, 2 Sell and 21 Hold. Therefore 26% are positive. Macy’s Inc. had 107 analyst reports since July 24, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by Telsey Advisory Group given on Thursday, December 28. On Wednesday, November 4 the stock rating was downgraded by OTR Global to “Negative”. The company was maintained on Thursday, November 12 by Morgan Stanley. UBS maintained the shares of M in report on Thursday, November 12 with “Neutral” rating. The rating was maintained by Jefferies with “Hold” on Monday, September 11. The rating was downgraded by Citigroup on Monday, October 30 to “Sell”. The company was downgraded on Thursday, January 5 by Deutsche Bank. The stock of Macy's, Inc. (NYSE:M) has “Equal-Weight” rating given on Thursday, May 12 by Morgan Stanley. Barclays Capital maintained Macy's, Inc. (NYSE:M) rating on Thursday, November 12. Barclays Capital has “Underweight” rating and $38 target. The firm earned “Buy” rating on Saturday, August 15 by Macquarie Research.

Ratings analysis reveals 33% of W&T Offshore’s analysts are positive. Out of 3 Wall Street analysts rating W&T Offshore, 1 give it “Buy”, 2 “Sell” rating, while 0 recommend “Hold”. WTI was included in 3 notes of analysts from August 17, 2015. The firm has “Outperform” rating by Iberia Capital Partners given on Monday, August 17. The stock of W&T Offshore, Inc. (NYSE:WTI) has “Underweight” rating given on Monday, October 17 by Barclays Capital. CapitalOne downgraded W&T Offshore, Inc. (NYSE:WTI) on Tuesday, January 19 to “Underweight” rating.

Columbia Pacific Advisors Llc holds 2.69% of its portfolio in W&T Offshore, Inc. for 546,075 shares. Centerbridge Partners L.P. owns 830,184 shares or 0.31% of their US portfolio. Moreover, Phoenix Investment Adviser Llc has 0.25% invested in the company for 77,805 shares. The New York-based Spark Investment Management Llc has invested 0.24% in the stock. Qcm Cayman Ltd., a Texas-based fund reported 11,410 shares.

Since January 1, 0001, it had 0 buys, and 2 insider sales for $133,631 activity.

Analysts await W&T Offshore, Inc. (NYSE:WTI) to report earnings on May, 2. They expect $0.12 earnings per share, down 25.00% or $0.04 from last year’s $0.16 per share. WTI’s profit will be $16.69M for 10.00 P/E if the $0.12 EPS becomes a reality. After $0.17 actual earnings per share reported by W&T Offshore, Inc. for the previous quarter, Wall Street now forecasts -29.41% negative EPS growth.

W&T Offshore, Inc., an independent oil and natural gas producer, engages in the acquisition, exploration, and development of oil and natural gas properties in the Gulf of Mexico. The company has market cap of $667.64 million. It sells crude oil, natural gas liquids, and natural gas. It has a 8.65 P/E ratio. The firm holds working interests in approximately 54 offshore fields in federal and state waters.

The stock decreased 3.23% or $0.16 during the last trading session, reaching $4.8. About 1.46M shares traded. W&T Offshore, Inc. (WTI) has risen 50.71% since April 17, 2017 and is uptrending. It has outperformed by 39.16% the S&P500.

Macy's, Inc. (NYSE:M) Institutional Positions Chart

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