Lathrop Investment Management Has Trimmed Electronic Arts (EA) Stake by $1.57 Million; Share Price Rose; Vaughan Nelson Investment Management LP Has Lifted Qep Res (QEP) Position by $5.73 Million; Stock Value Declined

January 21, 2018 - By Linda Rogers

Vaughan Nelson Investment Management Lp increased its stake in Qep Res Inc (QEP) by 21.6% based on its latest 2017Q3 regulatory filing with the SEC. Vaughan Nelson Investment Management Lp bought 716,265 shares as the company’s stock declined 33.02% while stock markets rallied. The institutional investor held 4.03M shares of the energy company at the end of 2017Q3, valued at $34.56M, up from 3.32M at the end of the previous reported quarter. Vaughan Nelson Investment Management Lp who had been investing in Qep Res Inc for a number of months, seems to be bullish on the $2.62B market cap company. The stock increased 0.56% or $0.06 during the last trading session, reaching $10.87. About 3.06 million shares traded. QEP Resources, Inc. (NYSE:QEP) has declined 34.57% since January 21, 2017 and is downtrending. It has underperformed by 51.27% the S&P500.

Lathrop Investment Management Corp decreased its stake in Electronic Arts (EA) by 7.81% based on its latest 2017Q3 regulatory filing with the SEC. Lathrop Investment Management Corp sold 14,933 shares as the company’s stock rose 23.30% with the market. The institutional investor held 176,263 shares of the prepackaged software company at the end of 2017Q3, valued at $18.64M, down from 191,196 at the end of the previous reported quarter. Lathrop Investment Management Corp who had been investing in Electronic Arts for a number of months, seems to be less bullish one the $35.78 billion market cap company. The stock increased 0.78% or $0.9 during the last trading session, reaching $116.18. About 3.53M shares traded. Electronic Arts Inc. (NASDAQ:EA) has risen 46.45% since January 21, 2017 and is uptrending. It has outperformed by 29.75% the S&P500.

Investors sentiment increased to 1.15 in 2017 Q3. Its up 0.12, from 1.03 in 2017Q2. It is positive, as 35 investors sold EA shares while 217 reduced holdings. 72 funds opened positions while 218 raised stakes. 281.04 million shares or 1.59% less from 285.59 million shares in 2017Q2 were reported. Advisor Prtn Ltd Liability has 5,163 shares. State Board Of Administration Of Florida Retirement accumulated 454,283 shares or 0.15% of the stock. 9,894 were reported by Verition Fund Mgmt Ltd Liability Company. Holderness Invests Communications stated it has 2,250 shares or 0.14% of all its holdings. Janney Montgomery Scott Ltd Liability Corporation reported 0.01% in Electronic Arts Inc. (NASDAQ:EA). Duncker Streett And has 0.01% invested in Electronic Arts Inc. (NASDAQ:EA) for 400 shares. Raymond James Tru Na reported 2,884 shares stake. Nicholas Investment Ptnrs Lp holds 30,915 shares or 0.25% of its portfolio. Teacher Retirement System Of Texas reported 317,541 shares or 0.23% of all its holdings. Peapack Gladstone Fincl accumulated 3,720 shares. Patten Patten Tn stated it has 7,335 shares or 0.09% of all its holdings. Natixis reported 127,068 shares. Brown Advisory holds 8,113 shares. Regions Corporation accumulated 0.01% or 5,298 shares. Advisory Svcs Networks Ltd Liability Corporation stated it has 0.06% of its portfolio in Electronic Arts Inc. (NASDAQ:EA).

Among 27 analysts covering Electronic Arts (NASDAQ:EA), 24 have Buy rating, 0 Sell and 3 Hold. Therefore 89% are positive. Electronic Arts had 81 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, July 28. The firm has “Buy” rating given on Wednesday, November 1 by Piper Jaffray. The rating was maintained by Wedbush with “Neutral” on Wednesday, October 26. As per Monday, October 2, the company rating was maintained by Morgan Stanley. As per Wednesday, October 18, the company rating was maintained by Morgan Stanley. Atlantic Securities upgraded the stock to “Overweight” rating in Friday, December 4 report. As per Friday, July 28, the company rating was maintained by Jefferies. Benchmark maintained Electronic Arts Inc. (NASDAQ:EA) on Wednesday, November 2 with “Buy” rating. The rating was maintained by BMO Capital Markets on Monday, June 12 with “Hold”. The firm earned “Buy” rating on Friday, July 28 by Wedbush.

Since August 1, 2017, it had 0 insider buys, and 30 sales for $30.68 million activity. 200 shares valued at $21,170 were sold by Singh Vijayanthimala on Tuesday, January 2. On Tuesday, January 9 the insider Jorgensen Blake J sold $1.18M. Shares for $177,155 were sold by Bruzzo Chris on Monday, October 2. 4,000 shares were sold by LINZNER JOEL, worth $478,212 on Friday, September 1. $1.20 million worth of Electronic Arts Inc. (NASDAQ:EA) shares were sold by Wilson Andrew. On Tuesday, August 1 Soderlund Patrick sold $935,862 worth of Electronic Arts Inc. (NASDAQ:EA) or 8,000 shares.

Analysts await Electronic Arts Inc. (NASDAQ:EA) to report earnings on January, 30. They expect $2.06 earnings per share, down 15.92% or $0.39 from last year’s $2.45 per share. EA’s profit will be $634.33M for 14.10 P/E if the $2.06 EPS becomes a reality. After $0.50 actual earnings per share reported by Electronic Arts Inc. for the previous quarter, Wall Street now forecasts 312.00% EPS growth.

Investors sentiment decreased to 1.23 in Q3 2017. Its down 0.07, from 1.3 in 2017Q2. It fall, as 37 investors sold QEP shares while 74 reduced holdings. 46 funds opened positions while 90 raised stakes. 219.29 million shares or 0.85% less from 221.16 million shares in 2017Q2 were reported. Tiaa Cref Investment Limited Liability Corp reported 0.01% of its portfolio in QEP Resources, Inc. (NYSE:QEP). Zacks Mngmt owns 17,180 shares or 0% of their US portfolio. Leucadia accumulated 0.02% or 21,564 shares. Teachers Retirement Of The State Of Kentucky invested in 44,520 shares. Sg Americas Secs Ltd Com stated it has 0% in QEP Resources, Inc. (NYSE:QEP). Moreover, Louisiana State Employees Retirement Sys has 0.03% invested in QEP Resources, Inc. (NYSE:QEP) for 64,200 shares. Comerica State Bank has 427,505 shares. Public Employees Retirement Association Of Colorado stated it has 47,651 shares. Passport Capital Lc stated it has 512,684 shares. 23,728 were accumulated by Oppenheimer Asset Management. Huntington Savings Bank, a Ohio-based fund reported 2,400 shares. Oppenheimer And Inc reported 20,000 shares. Ngam Advsrs Limited Partnership accumulated 325,214 shares. Numeric Ltd Liability Company owns 0% invested in QEP Resources, Inc. (NYSE:QEP) for 34,700 shares. Indexiq Limited Liability Corporation holds 0% or 6,651 shares.

Among 23 analysts covering QEP Resources (NYSE:QEP), 14 have Buy rating, 1 Sell and 8 Hold. Therefore 61% are positive. QEP Resources had 55 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Drexel Hamilton on Wednesday, June 8. Barclays Capital maintained the stock with “Equalweight” rating in Thursday, July 14 report. The stock of QEP Resources, Inc. (NYSE:QEP) has “Equal-Weight” rating given on Tuesday, November 7 by Barclays Capital. The company was maintained on Tuesday, October 10 by BMO Capital Markets. Cowen & Co maintained the shares of QEP in report on Friday, August 25 with “Buy” rating. The stock of QEP Resources, Inc. (NYSE:QEP) earned “Mkt Perform” rating by FBR Capital on Thursday, July 21. Deutsche Bank downgraded the stock to “Hold” rating in Tuesday, July 18 report. The rating was upgraded by Mizuho on Tuesday, November 21 to “Buy”. The firm has “Overweight” rating by Barclays Capital given on Wednesday, October 11. The firm has “Buy” rating by KLR Group given on Wednesday, March 16.

Vaughan Nelson Investment Management Lp, which manages about $9.91B and $8.43 billion US Long portfolio, decreased its stake in Ringcentral Inc (NYSE:RNG) by 80,625 shares to 689,812 shares, valued at $28.80M in 2017Q3, according to the filing. It also reduced its holding in Alliance Data Systems Corp (NYSE:ADS) by 17,925 shares in the quarter, leaving it with 152,530 shares, and cut its stake in American Woodmark Corp (NASDAQ:AMWD).

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