Weatherford Intl Plc (WFT) Holder Two Creeks Capital Management LP Lifted Position; Cosan LTD (CZZ) Stock Rose While Arrowstreet Capital Limited Partnership Has Boosted by $509,508 Its Position

April 17, 2018 - By Adrian Mccoy

Weatherford International plc (NYSE:WFT) Logo

John Overdeck increased its stake in Weatherford Intl Plc (WFT) by 54.68% based on its latest 2017Q4 regulatory filing with the SEC. Two Creeks Capital Management Lp bought 3.94M shares as the company’s stock declined 40.15% with the market. The hedge fund run by John Overdeck held 11.14 million shares of the metal fabrications company at the end of 2017Q4, valued at $46.47M, up from 7.20M at the end of the previous reported quarter. Two Creeks Capital Management Lp who had been investing in Weatherford Intl Plc for a number of months, seems to be bullish on the $2.59B market cap company. The stock decreased 1.51% or $0.04 during the last trading session, reaching $2.61. About 9.18 million shares traded. Weatherford International plc (NYSE:WFT) has declined 63.21% since April 17, 2017 and is downtrending. It has underperformed by 74.76% the S&P500.

Arrowstreet Capital Limited Partnership increased its stake in Cosan Ltd (CZZ) by 13.56% based on its latest 2017Q4 regulatory filing with the SEC. Arrowstreet Capital Limited Partnership bought 56,612 shares as the company’s stock rose 7.05% while stock markets declined. The institutional investor held 474,056 shares of the specialty foods company at the end of 2017Q4, valued at $4.60M, up from 417,444 at the end of the previous reported quarter. Arrowstreet Capital Limited Partnership who had been investing in Cosan Ltd for a number of months, seems to be bullish on the $2.52B market cap company. The stock increased 0.88% or $0.09 during the last trading session, reaching $10.35. About 482,638 shares traded. Cosan Limited (NYSE:CZZ) has risen 26.42% since April 17, 2017 and is uptrending. It has outperformed by 14.87% the S&P500.

Among 4 analysts covering Cosan Limited (NYSE:CZZ), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Cosan Limited had 5 analyst reports since August 25, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, October 7 by Standpoint Research. The stock of Cosan Limited (NYSE:CZZ) has “Neutral” rating given on Tuesday, February 20 by JP Morgan. The firm has “Sell” rating given on Tuesday, August 25 by Zacks. The firm has “Neutral” rating given on Monday, September 28 by Bank of America. J.P. Morgan downgraded the shares of CZZ in report on Tuesday, February 20 to “Hold” rating.

Arrowstreet Capital Limited Partnership, which manages about $55.30B and $41.58B US Long portfolio, decreased its stake in American Express Co (NYSE:AXP) by 1.49M shares to 214,768 shares, valued at $21.33 million in 2017Q4, according to the filing. It also reduced its holding in Wpp Plc New (NASDAQ:WPPGY) by 63,122 shares in the quarter, leaving it with 216,667 shares, and cut its stake in Hca Healthcare Inc (NYSE:HCA).

Among 35 analysts covering Weatherford International Ltd. (NYSE:WFT), 26 have Buy rating, 0 Sell and 9 Hold. Therefore 74% are positive. Weatherford International Ltd. had 118 analyst reports since July 24, 2015 according to SRatingsIntel. The rating was maintained by Citigroup on Tuesday, June 14 with “Buy”. Morgan Stanley maintained the stock with “Overweight” rating in Tuesday, April 19 report. Wells Fargo downgraded the shares of WFT in report on Friday, May 6 to “Market Perform” rating. Susquehanna maintained Weatherford International plc (NYSE:WFT) rating on Monday, April 9. Susquehanna has “Buy” rating and $400 target. The rating was maintained by RBC Capital Markets on Friday, October 6 with “Buy”. Jefferies maintained it with “Hold” rating and $5.0 target in Friday, September 1 report. The firm has “Buy” rating given on Thursday, July 20 by RBC Capital Markets. The rating was maintained by Citigroup on Thursday, October 5 with “Buy”. The firm earned “Equal Weight” rating on Monday, January 9 by Barclays Capital. The firm has “Buy” rating given on Wednesday, June 21 by BMO Capital Markets.

Investors sentiment decreased to 0.79 in Q4 2017. Its down 0.16, from 0.95 in 2017Q3. It dived, as 66 investors sold WFT shares while 97 reduced holdings. 51 funds opened positions while 77 raised stakes. 1.08 billion shares or 2.62% less from 1.10 billion shares in 2017Q3 were reported. State Of Tennessee Treasury Department has 600,000 shares for 0.01% of their portfolio. New York-based M&T Bancshares has invested 0% in Weatherford International plc (NYSE:WFT). Toronto Dominion Bank reported 3,946 shares. Capital Research Global accumulated 35.83 million shares or 0.04% of the stock. 3.37 million are owned by Factory Mutual. Manufacturers Life Insur Communications The, Ontario – Canada-based fund reported 31,366 shares. First Republic Investment Management Inc accumulated 83,690 shares or 0% of the stock. Bb&T Securities Limited Liability Com reported 379,659 shares or 0.02% of all its holdings. Raymond James Trust Na, Florida-based fund reported 43,634 shares. Rhumbline Advisers invested 0.01% of its portfolio in Weatherford International plc (NYSE:WFT). Schwab Charles Investment Mgmt has invested 0.01% in Weatherford International plc (NYSE:WFT). Gabelli And Invest Advisers has 0.03% invested in Weatherford International plc (NYSE:WFT). Legal General Group Public Limited Co holds 4.55 million shares or 0.01% of its portfolio. Lmr Prtn Llp has invested 0.5% of its portfolio in Weatherford International plc (NYSE:WFT). Nokota Management Ltd Partnership invested in 0.35% or 4.36 million shares.

Two Creeks Capital Management Lp, which manages about $2.12 billion and $1.87 billion US Long portfolio, decreased its stake in Constellation Brands Inc (NYSE:STZ) by 73,583 shares to 636,796 shares, valued at $145.55 million in 2017Q4, according to the filing. It also reduced its holding in Weatherford Intl Plc (Call) (NYSE:WFT) by 1.56 million shares in the quarter, leaving it with 5.64M shares, and cut its stake in Pioneer Nat Res Co (NYSE:PXD).

Weatherford International plc (NYSE:WFT) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.





Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter: