Diamond Offshore Drilling (DO) Share Price Declined While Hikari Power LTD Lowered Its Holding by $6.35 Million; Jacobs Asset Management Stake in Loews (L) Cut as Share Price Declined

February 15, 2018 - By Michael Collier

Hikari Power Ltd decreased its stake in Diamond Offshore Drilling Inc (DO) by 79.95% based on its latest 2017Q3 regulatory filing with the SEC. Hikari Power Ltd sold 453,900 shares as the company’s stock declined 20.95% while stock markets rallied. The institutional investor held 113,800 shares of the energy company at the end of 2017Q3, valued at $1.65M, down from 567,700 at the end of the previous reported quarter. Hikari Power Ltd who had been investing in Diamond Offshore Drilling Inc for a number of months, seems to be less bullish one the $1.88 billion market cap company. The stock decreased 3.41% or $0.485 during the last trading session, reaching $13.725. About 949,307 shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 43.02% since February 15, 2017 and is downtrending. It has underperformed by 59.72% the S&P500.

Jacobs Asset Management Llc decreased its stake in Loews Corp (L) by 20% based on its latest 2017Q3 regulatory filing with the SEC. Jacobs Asset Management Llc sold 25,000 shares as the company’s stock declined 2.26% while stock markets rallied. The institutional investor held 100,000 shares of the property-casualty insurers company at the end of 2017Q3, valued at $4.79 million, down from 125,000 at the end of the previous reported quarter. Jacobs Asset Management Llc who had been investing in Loews Corp for a number of months, seems to be less bullish one the $16.62B market cap company. The stock increased 1.04% or $0.51 during the last trading session, reaching $49.38. About 400,007 shares traded. Loews Corporation (NYSE:L) has risen 15.12% since February 15, 2017 and is uptrending. It has underperformed by 1.58% the S&P500.

Jacobs Asset Management Llc, which manages about $1.11B and $524.24M US Long portfolio, upped its stake in Citizens Finl Group Inc (NYSE:CFG) by 78,600 shares to 500,000 shares, valued at $18.94M in 2017Q3, according to the filing. It also increased its holding in Hancock Hldg Co (NASDAQ:HBHC) by 25,000 shares in the quarter, for a total of 394,725 shares, and has risen its stake in Flagstar Bancorp Inc (NYSE:FBC).

Investors sentiment decreased to 1 in Q3 2017. Its down 0.31, from 1.31 in 2017Q2. It fall, as 34 investors sold L shares while 137 reduced holdings. 47 funds opened positions while 124 raised stakes. 196.05 million shares or 0.97% more from 194.17 million shares in 2017Q2 were reported. Profund Advisors Ltd holds 0.01% or 6,463 shares. Heritage Investors Mngmt reported 5,396 shares or 0.02% of all its holdings. California Pub Employees Retirement Sys holds 0.06% or 774,579 shares. Macquarie Group Incorporated Limited has 8,900 shares for 0% of their portfolio. Caisse De Depot Et Placement Du Quebec owns 88,501 shares for 0.01% of their portfolio. State Of Tennessee Treasury Department has invested 0.02% in Loews Corporation (NYSE:L). Artisan Ptnrs Partnership reported 1.95M shares. Jacobs Asset Mgmt Ltd Liability invested in 0.91% or 100,000 shares. Lee Danner & Bass owns 378,759 shares or 1.95% of their US portfolio. First Citizens National Bank & Trust Trust invested in 20,882 shares or 0.13% of the stock. Silvercrest Asset Mgmt Grp Ltd Company has invested 0% in Loews Corporation (NYSE:L). Cantab Cap Llp invested 0.12% in Loews Corporation (NYSE:L). Moreover, First Mercantile Tru Co has 0.11% invested in Loews Corporation (NYSE:L) for 12,500 shares. 63,000 are owned by Pensionfund Dsm Netherlands. Richard Bernstein Advisors Ltd Limited Liability Company has 118,148 shares for 0.39% of their portfolio.

Hikari Power Ltd, which manages about $773.50 million US Long portfolio, upped its stake in Deutsche X (ASHR) by 16,400 shares to 51,900 shares, valued at $1.52 million in 2017Q3, according to the filing. It also increased its holding in Phillips 66 (NYSE:PSX) by 10,800 shares in the quarter, for a total of 226,500 shares, and has risen its stake in Berkshire Hathaway Inc (BRKA).

Investors sentiment increased to 1.29 in 2017 Q3. Its up 0.12, from 1.17 in 2017Q2. It improved, as 38 investors sold DO shares while 48 reduced holdings. 43 funds opened positions while 68 raised stakes. 150.07 million shares or 4.79% more from 143.22 million shares in 2017Q2 were reported. Moreover, Exane Derivatives has 0.01% invested in Diamond Offshore Drilling, Inc. (NYSE:DO) for 2,379 shares. Fortress Group Inc Ltd Liability Company holds 0.01% in Diamond Offshore Drilling, Inc. (NYSE:DO) or 30,975 shares. Invesco accumulated 384,660 shares. Advantus Cap invested 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Pnc Ser Grp Inc has invested 0% in Diamond Offshore Drilling, Inc. (NYSE:DO). Art Advisors Ltd Liability reported 0.12% in Diamond Offshore Drilling, Inc. (NYSE:DO). Metropolitan Life Comm Ny, a New York-based fund reported 106,263 shares. Mason Street Advisors Ltd Company reported 32,011 shares. Jefferies Grp Inc Limited Liability Company has 207,141 shares for 0.02% of their portfolio. Mraz Amerine And Associates holds 36,011 shares. Liberty Mutual Group Inc Asset stated it has 16,870 shares. Alliancebernstein Lp invested 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Gru One Trading LP stated it has 18,677 shares or 0% of all its holdings. Bancshares Of Ny Mellon invested 0.01% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Great West Life Assurance Can stated it has 1.07M shares.

Among 35 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Buy rating, 12 Sell and 17 Hold. Therefore 17% are positive. Diamond Offshore Drilling Inc. had 87 analyst reports since August 5, 2015 according to SRatingsIntel. Simmons & Co upgraded Diamond Offshore Drilling, Inc. (NYSE:DO) on Friday, March 11 to “Neutral” rating. RBC Capital Markets maintained it with “Hold” rating and $15.0 target in Friday, September 1 report. RBC Capital Markets maintained it with “Sector Perform” rating and $20 target in Tuesday, November 3 report. The firm earned “Reduce” rating on Tuesday, October 31 by Fearnleys. Goldman Sachs downgraded the shares of DO in report on Wednesday, September 21 to “Sell” rating. On Thursday, January 11 the stock rating was maintained by Cowen & Co with “Hold”. The firm has “Hold” rating given on Thursday, March 23 by Scotia Capital. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Underperform” rating by Jefferies on Thursday, January 4. As per Tuesday, August 4, the company rating was maintained by FBR Capital. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) has “Sell” rating given on Monday, February 12 by Piper Jaffray.

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