Venator Capital Management LTD Cut Its Sp Plus (SP) Position by $1.33 Million; Market Value Rose; Noble Energy (NBL) Holder Investment Management Of Virginia Has Trimmed Its Position as Share Value Declined

February 20, 2018 - By Marie Mckinney

Investment Management Of Virginia Llc decreased its stake in Noble Energy Inc (NBL) by 21.09% based on its latest 2017Q3 regulatory filing with the SEC. Investment Management Of Virginia Llc sold 25,800 shares as the company’s stock declined 15.68% while stock markets rallied. The institutional investor held 96,536 shares of the oil & gas production company at the end of 2017Q3, valued at $2.74 million, down from 122,336 at the end of the previous reported quarter. Investment Management Of Virginia Llc who had been investing in Noble Energy Inc for a number of months, seems to be less bullish one the $13.87 billion market cap company. The stock increased 9.21% or $2.42 during the last trading session, reaching $28.7. About 6.21 million shares traded or 25.75% up from the average. Noble Energy, Inc. (NYSE:NBL) has declined 10.36% since February 20, 2017 and is downtrending. It has underperformed by 27.06% the S&P500.

Venator Capital Management Ltd decreased its stake in Sp Plus Corp (SP) by 33.15% based on its latest 2017Q3 regulatory filing with the SEC. Venator Capital Management Ltd sold 34,134 shares as the company’s stock rose 1.42% with the market. The institutional investor held 68,834 shares of the rental and leasing company at the end of 2017Q3, valued at $2.72M, down from 102,968 at the end of the previous reported quarter. Venator Capital Management Ltd who had been investing in Sp Plus Corp for a number of months, seems to be less bullish one the $810.39 million market cap company. The stock decreased 2.01% or $0.75 during the last trading session, reaching $36.5. About 31,148 shares traded. SP Plus Corporation (NASDAQ:SP) has risen 33.01% since February 20, 2017 and is uptrending. It has outperformed by 16.31% the S&P500.

Among 30 analysts covering Noble Energy Inc. (NYSE:NBL), 22 have Buy rating, 0 Sell and 8 Hold. Therefore 73% are positive. Noble Energy Inc. had 104 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Noble Energy, Inc. (NYSE:NBL) rating on Thursday, June 22. Jefferies has “Buy” rating and $4000 target. Howard Weil downgraded the stock to “Sector Perform” rating in Monday, December 14 report. Stifel Nicolaus maintained the shares of NBL in report on Wednesday, June 8 with “Buy” rating. Cowen & Co maintained it with “Buy” rating and $40.0 target in Friday, December 8 report. The rating was maintained by Morgan Stanley with “Overweight” on Wednesday, January 24. BMO Capital Markets maintained the shares of NBL in report on Tuesday, October 10 with “Buy” rating. RBC Capital Markets maintained it with “Outperform” rating and $46 target in Tuesday, November 17 report. The firm earned “Buy” rating on Tuesday, November 3 by Stifel Nicolaus. The firm has “Overweight” rating by Capital One given on Wednesday, January 10. Credit Suisse maintained it with “Buy” rating and $40.0 target in Tuesday, January 23 report.

Since December 11, 2017, it had 1 insider purchase, and 3 insider sales for $5.33 million activity. 19,000 shares were bought by STOVER DAVID L, worth $499,835 on Monday, December 18. Shares for $210,815 were sold by Fisher Kenneth M. on Tuesday, February 6.

Investment Management Of Virginia Llc, which manages about $425.49 million US Long portfolio, upped its stake in Fastenal Co. (NASDAQ:FAST) by 14,368 shares to 157,840 shares, valued at $7.19 million in 2017Q3, according to the filing. It also increased its holding in Pra Group Inc. (NASDAQ:PRAA) by 43,840 shares in the quarter, for a total of 265,876 shares, and has risen its stake in Luminex Corp. (NASDAQ:LMNX).

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.29, from 1.31 in 2017Q2. It is negative, as 49 investors sold NBL shares while 150 reduced holdings. 43 funds opened positions while 159 raised stakes. 448.27 million shares or 2.45% more from 437.54 million shares in 2017Q2 were reported. Moreover, First Manhattan Communications has 0.01% invested in Noble Energy, Inc. (NYSE:NBL) for 67,900 shares. Rafferty Asset Mgmt Ltd Llc invested in 0.03% or 49,575 shares. Woodstock Corp owns 20,196 shares. Jennison Associates Lc invested in 8.08 million shares or 0.23% of the stock. Rampart Mgmt Llc stated it has 5,771 shares. 195,158 are owned by Croft. Cornerstone Cap Limited Liability Company holds 83,523 shares. Cleararc Cap has 0.05% invested in Noble Energy, Inc. (NYSE:NBL). Ares Mngmt Ltd Com accumulated 11.66 million shares. First Midwest Bancorp Trust Division owns 11,857 shares for 0.04% of their portfolio. Cibc Ww Markets accumulated 279,319 shares or 0.08% of the stock. Sandy Spring National Bank & Trust reported 532 shares or 0% of all its holdings. Landscape Capital Management Ltd Liability Corporation holds 0.03% or 10,841 shares in its portfolio. Bp Public Ltd has invested 0.06% in Noble Energy, Inc. (NYSE:NBL). The Connecticut-based Webster Fincl Bank N A has invested 0.01% in Noble Energy, Inc. (NYSE:NBL).

Analysts await SP Plus Corporation (NASDAQ:SP) to report earnings on February, 28. They expect $0.40 earnings per share, down 23.08% or $0.12 from last year’s $0.52 per share. SP’s profit will be $8.88M for 22.81 P/E if the $0.40 EPS becomes a reality. After $0.50 actual earnings per share reported by SP Plus Corporation for the previous quarter, Wall Street now forecasts -20.00% negative EPS growth.

Among 2 analysts covering SP Plus (NASDAQ:SP), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. SP Plus had 2 analyst reports since September 4, 2015 according to SRatingsIntel. The stock has “Outperform” rating by Barrington Research on Monday, November 9. UBS maintained the stock with “Buy” rating in Friday, September 4 report.

Investors sentiment decreased to 1.75 in Q3 2017. Its down 1.63, from 3.38 in 2017Q2. It turned negative, as 10 investors sold SP shares while 45 reduced holdings. 40 funds opened positions while 56 raised stakes. 21.50 million shares or 49.06% less from 42.21 million shares in 2017Q2 were reported. Hsbc Public Ltd Co invested in 0% or 11,951 shares. First Tru Advsrs LP has 0% invested in SP Plus Corporation (NASDAQ:SP). Aqr Management holds 0.01% or 150,388 shares in its portfolio. Meeder Asset Mgmt has 0% invested in SP Plus Corporation (NASDAQ:SP). Whittier Trust stated it has 0% in SP Plus Corporation (NASDAQ:SP). Swiss Bancorporation accumulated 37,200 shares. Jacobs Levy Equity Mngmt reported 27,805 shares. Partners Ltd Liability reported 53,411 shares stake. Fincl Bank Of Montreal Can reported 109 shares stake. Acadian Asset Mngmt Limited Co reported 88,331 shares stake. Prelude Cap Limited Liability holds 0.02% or 6,193 shares. Punch & Assocs Inv Management reported 0.79% stake. State Board Of Administration Of Florida Retirement Systems holds 0% or 35,342 shares. Sawgrass Asset Mgmt Lc stated it has 39,070 shares or 0.08% of all its holdings. Ameriprise Financial accumulated 129,972 shares.

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