Chapter Iv Investors Increases Stake in Range Res (RRC); As Gilead Sciences (GILD) Share Value Declined, Platinum Investment Management LTD Upped Stake

February 18, 2018 - By Winifred Garcia

Kerr Neilson increased its stake in Gilead Sciences Inc (GILD) by 0.35% based on its latest 2017Q3 regulatory filing with the SEC. Platinum Investment Management Ltd bought 10,100 shares as the company’s stock declined 8.05% while stock markets rallied. The hedge fund run by Kerr Neilson held 2.90 million shares of the health care company at the end of 2017Q3, valued at $234.93 million, up from 2.89M at the end of the previous reported quarter. Platinum Investment Management Ltd who had been investing in Gilead Sciences Inc for a number of months, seems to be bullish on the $105.42 billion market cap company. The stock decreased 1.04% or $0.85 during the last trading session, reaching $80.7. About 7.55 million shares traded. Gilead Sciences, Inc. (NASDAQ:GILD) has declined 21.80% since February 18, 2017 and is downtrending. It has underperformed by 38.50% the S&P500.

Chapter Iv Investors Llc increased its stake in Range Res Corp (RRC) by 15% based on its latest 2017Q3 regulatory filing with the SEC. Chapter Iv Investors Llc bought 225,000 shares as the company’s stock declined 18.29% while stock markets rallied. The hedge fund held 1.73M shares of the oil & gas production company at the end of 2017Q3, valued at $33.76M, up from 1.50 million at the end of the previous reported quarter. Chapter Iv Investors Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.24 billion market cap company. The stock decreased 2.57% or $0.35 during the last trading session, reaching $13.28. About 7.50M shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 18, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Among 42 analysts covering Range Resources Corp. (NYSE:RRC), 24 have Buy rating, 3 Sell and 15 Hold. Therefore 57% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, January 29 the stock rating was downgraded by Raymond James to “Sell”. The rating was maintained by Stifel Nicolaus with “Buy” on Thursday, October 5. The company was upgraded on Monday, February 6 by Instinet. The firm has “Outperform” rating given on Thursday, July 14 by Imperial Capital. The stock of Range Resources Corporation (NYSE:RRC) has “Buy” rating given on Friday, January 26 by Piper Jaffray. The rating was maintained by Oppenheimer on Wednesday, August 19 with “Hold”. The company was maintained on Thursday, July 30 by RBC Capital Markets. The rating was maintained by RBC Capital Markets on Thursday, July 20 with “Buy”. As per Friday, April 21, the company rating was maintained by Barclays Capital. FBR Capital initiated the shares of RRC in report on Monday, February 5 with “Hold” rating.

Investors sentiment is 1.35 in 2017 Q3. Its the same as in 2017Q2. It is without change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. Tobam reported 1.61M shares. Bnp Paribas Asset Mngmt Holdg Sa reported 0.22% in Range Resources Corporation (NYSE:RRC). Sumitomo Mitsui Tru Holdings Incorporated holds 0.02% or 711,485 shares in its portfolio. Commonwealth Financial Bank Of Australia has invested 0% in Range Resources Corporation (NYSE:RRC). Mason Street Advsr Ltd has invested 0.02% of its portfolio in Range Resources Corporation (NYSE:RRC). Point72 Asia (Hong Kong) holds 0.24% of its portfolio in Range Resources Corporation (NYSE:RRC) for 17,617 shares. Dnb Asset Mngmt As stated it has 0.01% of its portfolio in Range Resources Corporation (NYSE:RRC). Rockshelter Cap Management Limited Liability Company accumulated 262,267 shares or 1.63% of the stock. Oppenheimer Asset Mngmt holds 0.01% or 14,120 shares. Bb&T Limited Liability Corporation reported 10,982 shares. Lazard Asset Management Ltd Limited Liability Company owns 0% invested in Range Resources Corporation (NYSE:RRC) for 831 shares. Price T Rowe Assocs Md stated it has 0% of its portfolio in Range Resources Corporation (NYSE:RRC). Assetmark holds 6 shares. Raymond James Assocs accumulated 0.01% or 169,545 shares. Moreover, Oppenheimer And Inc has 0.04% invested in Range Resources Corporation (NYSE:RRC) for 70,876 shares.

Since October 26, 2017, it had 1 insider purchase, and 3 sales for $228,453 activity. $46,533 worth of Range Resources Corporation (NYSE:RRC) shares were sold by DUB ANTHONY V. Another trade for 10,757 shares valued at $176,678 was sold by MANNY ROGER S. 34,000 shares valued at $500,609 were bought by PALKO STEFFEN E on Tuesday, January 30.

Platinum Investment Management Ltd, which manages about $22.00 billion and $3.96B US Long portfolio, decreased its stake in Intel Corp (NASDAQ:INTC) by 1.47 million shares to 1.80M shares, valued at $68.36M in 2017Q3, according to the filing. It also reduced its holding in 58 Com Inc (NYSE:WUBA) by 611,060 shares in the quarter, leaving it with 3.82M shares, and cut its stake in Qiagen Nv.

Since August 30, 2017, it had 0 insider purchases, and 13 selling transactions for $51.09 million activity. 73,333 shares were sold by MARTIN JOHN C, worth $6.05M. Shares for $4.40M were sold by Washington Robin L. 100,000 Gilead Sciences, Inc. (NASDAQ:GILD) shares with value of $8.02 million were sold by Meyers James R.

Investors sentiment increased to 1.03 in Q3 2017. Its up 0.10, from 0.93 in 2017Q2. It improved, as 96 investors sold GILD shares while 488 reduced holdings. 127 funds opened positions while 474 raised stakes. 957.62 million shares or 2.06% more from 938.32 million shares in 2017Q2 were reported. Cypress Mngmt (Wy) reported 0.01% stake. 9,717 were accumulated by Kcm Advsr Limited Liability Company. Commonwealth Bancorporation Of Australia holds 0.22% or 284,030 shares. Next Fin Grp holds 0.14% or 6,092 shares in its portfolio. Missouri-based Country Club Na has invested 0.05% in Gilead Sciences, Inc. (NASDAQ:GILD). Public Sector Pension Board reported 0.02% of its portfolio in Gilead Sciences, Inc. (NASDAQ:GILD). Sg Americas Securities Ltd Liability Co reported 48,573 shares stake. Comerica Bankshares reported 0.37% in Gilead Sciences, Inc. (NASDAQ:GILD). Cadence Bank & Trust Na stated it has 3,870 shares. Jupiter Asset Management Ltd accumulated 87,600 shares or 0.24% of the stock. Cornerstone Cap accumulated 51,236 shares or 0.73% of the stock. Sumitomo Life Insur stated it has 0.29% in Gilead Sciences, Inc. (NASDAQ:GILD). Afam owns 68,747 shares. Sns Grp Ltd Liability Corp holds 6,968 shares or 0.14% of its portfolio. Harvey Cap Mngmt owns 3.37% invested in Gilead Sciences, Inc. (NASDAQ:GILD) for 103,210 shares.

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