As Parsley Energy (PE) Stock Price Declined, Goldentree Asset Management LP Has Increased Its Position; Minerva Advisors Position in Saga Communications (SGA) Boosted by $383,040 as Valuation Declined

February 19, 2018 - By Peter Erickson

Steven Tananbaum increased its stake in Parsley Energy Inc (PE) by 110.32% based on its latest 2017Q3 regulatory filing with the SEC. Goldentree Asset Management Lp bought 677,348 shares as the company’s stock declined 0.66% while stock markets rallied. The hedge fund run by Steven Tananbaum held 1.29M shares of the energy company at the end of 2017Q3, valued at $34.01M, up from 613,977 at the end of the previous reported quarter. Goldentree Asset Management Lp who had been investing in Parsley Energy Inc for a number of months, seems to be bullish on the $7.38 billion market cap company. The stock increased 0.17% or $0.04 during the last trading session, reaching $23.46. About 4.64M shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 19, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Minerva Advisors Llc increased its stake in Saga Communications Inc (SGA) by 13.51% based on its latest 2017Q3 regulatory filing with the SEC. Minerva Advisors Llc bought 8,512 shares as the company’s stock declined 1.03% while stock markets rallied. The hedge fund held 71,509 shares of the consumer services company at the end of 2017Q3, valued at $3.26 million, up from 62,997 at the end of the previous reported quarter. Minerva Advisors Llc who had been investing in Saga Communications Inc for a number of months, seems to be bullish on the $238.64M market cap company. The stock increased 2.41% or $0.95 during the last trading session, reaching $40.4. About 1,064 shares traded. Saga Communications, Inc. (NYSEMKT:SGA) has risen 15.97% since February 19, 2017 and is uptrending. It has underperformed by 0.73% the S&P500.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It fall, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Connecticut-based Point72 Asset Mngmt Ltd Partnership has invested 0.67% in Parsley Energy, Inc. (NYSE:PE). Renaissance Technology Ltd Liability Co has invested 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Sei Investments accumulated 130,852 shares or 0.01% of the stock. Anchor Bolt Cap Limited Partnership owns 748,927 shares. Cap Fund Mngmt has 0.05% invested in Parsley Energy, Inc. (NYSE:PE). Paradigm Asset Mngmt Co Limited Co owns 2,650 shares or 0.02% of their US portfolio. Toronto Dominion Bank owns 9,369 shares for 0% of their portfolio. Envestnet Asset Mgmt owns 5,623 shares. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 41,402 shares. Raymond James Fin stated it has 0.01% in Parsley Energy, Inc. (NYSE:PE). Moreover, Utah Retirement Systems has 0.03% invested in Parsley Energy, Inc. (NYSE:PE) for 42,300 shares. Royal Bancshares Of Canada reported 0.02% stake. Wellington Management Gru Llp holds 5.45 million shares. Adams Natural Resource Fund stated it has 217,700 shares. Three Peaks Mngmt reported 56,414 shares.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Focus Stock” rating by Howard Weil on Monday, November 30. Capital One initiated Parsley Energy, Inc. (NYSE:PE) on Thursday, October 29 with “Overweight” rating. On Friday, July 8 the stock rating was initiated by Piper Jaffray with “Overweight”. Wunderlich initiated the shares of PE in report on Friday, June 17 with “Buy” rating. As per Friday, August 5, the company rating was maintained by Imperial Capital. The firm earned “Buy” rating on Thursday, August 4 by UBS. Bank of America maintained the shares of PE in report on Wednesday, July 19 with “Buy” rating. The company was maintained on Friday, May 5 by BMO Capital Markets. Citigroup maintained the stock with “Buy” rating in Tuesday, August 15 report. Cowen & Co maintained the stock with “Market Perform” rating in Tuesday, April 5 report.

Goldentree Asset Management Lp, which manages about $22.00 billion and $277.91 million US Long portfolio, decreased its stake in Altaba Inc by 159,455 shares to 108,315 shares, valued at $7.18M in 2017Q3, according to the filing. It also reduced its holding in Phh Corp (NYSE:PHH) by 327,378 shares in the quarter, leaving it with 592,622 shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

Investors sentiment decreased to 1.53 in Q3 2017. Its down 0.55, from 2.08 in 2017Q2. It worsened, as 5 investors sold SGA shares while 10 reduced holdings. 4 funds opened positions while 19 raised stakes. 4.55 million shares or 0.33% less from 4.56 million shares in 2017Q2 were reported. Pnc Service Group owns 8 shares. Fmr Limited Liability Com invested in 0% or 485,142 shares. Schwab Charles Inv Management reported 0% of its portfolio in Saga Communications, Inc. (NYSEAMERICAN:SGA). State Of New Jersey Common Pension Fund D, a New Jersey-based fund reported 78,000 shares. Minerva Advsrs Ltd Co reported 71,509 shares or 1.72% of all its holdings. Dimensional Fund Advsr Ltd Partnership holds 0.01% or 420,941 shares. Tiaa Cref Invest Mgmt Ltd Llc stated it has 0% in Saga Communications, Inc. (NYSEAMERICAN:SGA). Vanguard holds 0% of its portfolio in Saga Communications, Inc. (NYSEAMERICAN:SGA) for 181,135 shares. Towerview Lc stated it has 27.5% of its portfolio in Saga Communications, Inc. (NYSEAMERICAN:SGA). Manufacturers Life The stated it has 0% in Saga Communications, Inc. (NYSEAMERICAN:SGA). Wells Fargo Mn reported 5,244 shares. Thompson Siegel And Walmsley Limited Liability Corporation accumulated 0% or 600 shares. Amer Grp has invested 0% in Saga Communications, Inc. (NYSEAMERICAN:SGA). Wcm Management Ca has 0.03% invested in Saga Communications, Inc. (NYSEAMERICAN:SGA) for 44,175 shares. Bessemer Group Inc Inc holds 0% of its portfolio in Saga Communications, Inc. (NYSEAMERICAN:SGA) for 4,800 shares.

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