Tiger Legatus Capital Management Cut Rice Energy (RICE) Holding By $9.10 Million; Calamos Convertible Opportunities & Income Fund Has 1.46 Sentiment

October 13, 2017 - By Ellis Scott

Tiger Legatus Capital Management Llc decreased Rice Energy Inc (RICE) stake by 25.93% reported in 2017Q2 SEC filing. Tiger Legatus Capital Management Llc sold 350,000 shares as Rice Energy Inc (RICE)’s stock rose 7.71%. The Tiger Legatus Capital Management Llc holds 1.00 million shares with $26.63M value, down from 1.35 million last quarter. Rice Energy Inc now has $5.88 billion valuation. The stock decreased 0.72% or $0.2 during the last trading session, reaching $27.52. About 3.23 million shares traded. Rice Energy Inc (NYSE:RICE) has risen 14.59% since October 13, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.

Calamos Convertible Opportunities and Income Fund is a diversified, closed-end management investment company. The company has market cap of $815.07 million. The Fund is an enhanced fixed income offering that seeks total return through a combination of capital appreciation and current income. It currently has negative earnings. The Fund invests in a diversified portfolio of convertible securities and high yield securities.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.13, from 0.92 in 2017Q1. It dived, as 62 investors sold RICE shares while 76 reduced holdings. 47 funds opened positions while 62 raised stakes. 154.41 million shares or 13.71% less from 178.94 million shares in 2017Q1 were reported. Lord Abbett & Company Ltd Liability Corporation accumulated 2.58 million shares. Usca Ria Lc holds 20,000 shares or 0.07% of its portfolio. Carlyle Grp Limited Partnership holds 1.83% of its portfolio in Rice Energy Inc (NYSE:RICE) for 1.04M shares. Utah Retirement Sys invested 0.02% in Rice Energy Inc (NYSE:RICE). Prudential Financial owns 9,650 shares. Nfc Invests Limited Co, a Tennessee-based fund reported 335,951 shares. Glg Ltd Partnership reported 0.12% of its portfolio in Rice Energy Inc (NYSE:RICE). Deutsche Retail Bank Ag has 0.07% invested in Rice Energy Inc (NYSE:RICE) for 3.62 million shares. Tig Limited Liability Co holds 0.29% or 182,064 shares. Corecommodity Mngmt Ltd owns 0.47% invested in Rice Energy Inc (NYSE:RICE) for 18,464 shares. Capwealth Advisors Ltd Liability Co invested in 29,055 shares or 0.16% of the stock. Qvt Financial Lp holds 732,317 shares or 0.52% of its portfolio. Wolverine Asset Mgmt Limited Liability Com reported 317,047 shares. Voya Investment Mngmt Ltd Liability Corp stated it has 0% of its portfolio in Rice Energy Inc (NYSE:RICE). Westchester Capital Ltd Co stated it has 1.12% of its portfolio in Rice Energy Inc (NYSE:RICE).

Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on November, 1. RICE’s profit will be $27.78M for 52.92 P/E if the $0.13 EPS becomes a reality. After $0.10 actual earnings per share reported by Rice Energy Inc for the previous quarter, Wall Street now forecasts 30.00% EPS growth.

Among 27 analysts covering Rice Energy (NYSE:RICE), 10 have Buy rating, 0 Sell and 17 Hold. Therefore 37% are positive. Rice Energy had 86 analyst reports since July 21, 2015 according to SRatingsIntel. The company was upgraded on Tuesday, October 20 by RBC Capital Markets. As per Tuesday, June 20, the company rating was downgraded by Stifel Nicolaus. JP Morgan initiated the shares of RICE in report on Wednesday, December 9 with “Neutral” rating. The rating was maintained by BMO Capital Markets with “Buy” on Tuesday, June 20. iBERIA Capital Partners maintained it with “Outperform” rating and $22 target in Monday, March 7 report. On Friday, March 24 the stock rating was initiated by Stifel Nicolaus with “Buy”. Williams Capital Group maintained the shares of RICE in report on Monday, November 7 with “Hold” rating. The stock of Rice Energy Inc (NYSE:RICE) earned “Neutral” rating by Citigroup on Thursday, April 7. As per Thursday, August 24, the company rating was maintained by RBC Capital Markets. The firm has “Sector Perform” rating given on Tuesday, June 20 by RBC Capital Markets.

The stock increased 0.87% or $0.1 on October 13, reaching $11.64. About 154,794 shares traded. Calamos Conv. Opptys. & Income Fund (CHI) has risen 13.66% since October 13, 2016 and is uptrending. It has underperformed by 3.04% the S&P500.

Camelot Portfolios Llc holds 0.73% of its portfolio in Calamos Conv. Opptys. & Income Fund for 130,365 shares. Vident Investment Advisory Llc owns 693,422 shares or 0.65% of their US portfolio. Moreover, E&G Advisors Lp has 0.34% invested in the company for 63,475 shares. The Switzerland-based Bellecapital International Ltd. has invested 0.17% in the stock. Walter & Keenan Financial Consulting Co Mi Adv, a Indiana-based fund reported 25,500 shares.

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