Van Den Berg Management I Position in Unit (UNT) Has Decreased by $1.80 Million as Valuation Declined; Groupon (GRPN) Shareholder Price Michael F Boosted Stake

May 17, 2018 - By Peter Erickson

Groupon, Inc. (NASDAQ:GRPN) Logo

Michael Price increased its stake in Groupon Inc. (GRPN) by 390% based on its latest 2017Q4 regulatory filing with the SEC. Price Michael F bought 390,000 shares as the company’s stock declined 14.62% with the market. The hedge fund run by Michael Price held 490,000 shares of the technology company at the end of 2017Q4, valued at $2.50M, up from 100,000 at the end of the previous reported quarter. Price Michael F who had been investing in Groupon Inc. for a number of months, seems to be bullish on the $2.79 billion market cap company. The stock increased 0.41% or $0.02 during the last trading session, reaching $4.94. About 2.22M shares traded. Groupon, Inc. (NASDAQ:GRPN) has risen 12.41% since May 17, 2017 and is uptrending. It has outperformed by 0.86% the S&P500.

Van Den Berg Management I Inc decreased its stake in Unit Corp (UNT) by 5.48% based on its latest 2017Q4 regulatory filing with the SEC. Van Den Berg Management I Inc sold 81,788 shares as the company’s stock declined 23.47% with the market. The institutional investor held 1.41 million shares of the oil & gas production company at the end of 2017Q4, valued at $31.06 million, down from 1.49 million at the end of the previous reported quarter. Van Den Berg Management I Inc who had been investing in Unit Corp for a number of months, seems to be less bullish one the $1.25B market cap company. The stock increased 2.03% or $0.46 during the last trading session, reaching $23.12. About 146,948 shares traded. Unit Corporation (NYSE:UNT) has declined 23.47% since May 17, 2017 and is downtrending. It has underperformed by 35.02% the S&P500.

Van Den Berg Management I Inc, which manages about $2.04B and $889.00M US Long portfolio, upped its stake in Maxwell Technologies Inc (NASDAQ:MXWL) by 235,014 shares to 2.27 million shares, valued at $13.07 million in 2017Q4, according to the filing. It also increased its holding in Ensco Plc (NYSE:ESV) by 5.18 million shares in the quarter, for a total of 7.71M shares, and has risen its stake in Trimas Corp (NASDAQ:TRS).

Investors sentiment decreased to 0.84 in Q4 2017. Its down 0.31, from 1.15 in 2017Q3. It dived, as 14 investors sold UNT shares while 67 reduced holdings. 25 funds opened positions while 43 raised stakes. 48.03 million shares or 2.58% less from 49.30 million shares in 2017Q3 were reported. Legal General Gru Public Limited Company holds 0% of its portfolio in Unit Corporation (NYSE:UNT) for 162,871 shares. Schwab Charles Inv Mngmt Inc stated it has 542,868 shares. Teacher Retirement Of Texas holds 17,166 shares. Gsa Prns Ltd Liability Partnership invested in 54,379 shares or 0.07% of the stock. Vident Advisory Lc has 0.09% invested in Unit Corporation (NYSE:UNT). Credit Suisse Ag invested 0% in Unit Corporation (NYSE:UNT). Proshare Advisors Limited Liability Corporation holds 9,297 shares or 0% of its portfolio. 118,062 were accumulated by Kbc Gru Nv. Guinness Asset Ltd reported 1.13% in Unit Corporation (NYSE:UNT). Paloma Prns Mngmt, Connecticut-based fund reported 285,646 shares. Smithfield Trust has 0% invested in Unit Corporation (NYSE:UNT). First Trust Advsrs Limited Partnership has 151,258 shares for 0.01% of their portfolio. Deutsche Financial Bank Ag accumulated 402,636 shares. 27,764 are held by Grantham Mayo Van Otterloo & Communication Limited Liability Company. Texas Permanent School Fund has invested 0.01% in Unit Corporation (NYSE:UNT).

Among 8 analysts covering Unit (NYSE:UNT), 3 have Buy rating, 0 Sell and 5 Hold. Therefore 38% are positive. Unit had 23 analyst reports since August 17, 2015 according to SRatingsIntel. As per Thursday, December 17, the company rating was initiated by SunTrust. On Monday, November 21 the stock rating was downgraded by KLR Group to “Hold”. As per Thursday, January 18, the company rating was maintained by Cowen & Co. Raymond James upgraded the stock to “Strong Buy” rating in Friday, May 6 report. The rating was downgraded by KLR Group to “Accumulate” on Thursday, May 26. The firm has “Buy” rating given on Wednesday, August 23 by KLR Group. Cowen & Co maintained it with “Hold” rating and $25.0 target in Friday, September 15 report. The company was downgraded on Tuesday, March 27 by SunTrust. The company was downgraded on Tuesday, July 25 by KLR Group. The stock has “Buy” rating by KLR Group on Friday, May 5.

Analysts await Unit Corporation (NYSE:UNT) to report earnings on August, 2. They expect $0.14 earnings per share, up 100.00% or $0.07 from last year’s $0.07 per share. UNT’s profit will be $7.57M for 41.29 P/E if the $0.14 EPS becomes a reality. After $0.21 actual earnings per share reported by Unit Corporation for the previous quarter, Wall Street now forecasts -33.33% negative EPS growth.

Another recent and important Unit Corporation (NYSE:UNT) news was published by Seekingalpha.com which published an article titled: “Unit Corporation’s (UNT) CEO Larry Pinkston on Q2 2018 Results – Earnings Call Transcript” on May 04, 2018.

Among 27 analysts covering Groupon Inc (NASDAQ:GRPN), 10 have Buy rating, 2 Sell and 15 Hold. Therefore 37% are positive. Groupon Inc had 69 analyst reports since August 5, 2015 according to SRatingsIntel. As per Tuesday, January 3, the company rating was upgraded by RBC Capital Markets. The stock of Groupon, Inc. (NASDAQ:GRPN) earned “Buy” rating by Deutsche Bank on Friday, February 12. The stock of Groupon, Inc. (NASDAQ:GRPN) earned “Market Perform” rating by Cowen & Co on Monday, October 16. On Thursday, November 2 the stock rating was maintained by Citigroup with “Neutral”. The stock of Groupon, Inc. (NASDAQ:GRPN) has “Hold” rating given on Thursday, June 29 by RBC Capital Markets. Goldman Sachs upgraded the shares of GRPN in report on Wednesday, January 17 to “Hold” rating. The firm earned “Buy” rating on Thursday, June 29 by B. Riley & Co. The firm has “Buy” rating given on Wednesday, November 4 by Brean Capital. The stock of Groupon, Inc. (NASDAQ:GRPN) has “Sell” rating given on Wednesday, March 9 by UBS. The firm has “Buy” rating by Piper Jaffray given on Wednesday, November 1.

Price Michael F, which manages about $804.57M US Long portfolio, decreased its stake in Babcock & Wilcox Enterprises by 370,000 shares to 450,000 shares, valued at $2.56 million in 2017Q4, according to the filing. It also reduced its holding in Investar Holding Corporation (NASDAQ:ISTR) by 159,085 shares in the quarter, leaving it with 15,915 shares, and cut its stake in Dolby Laboratories Inc. (NYSE:DLB).

Investors sentiment increased to 1.89 in 2017 Q4. Its up 1.17, from 0.72 in 2017Q3. It improved, as 19 investors sold GRPN shares while 42 reduced holdings. 53 funds opened positions while 62 raised stakes. 307.15 million shares or 7.16% more from 286.63 million shares in 2017Q3 were reported. Parallax Volatility Advisers Ltd Partnership holds 52,122 shares or 0% of its portfolio. 15,404 were accumulated by Brown Advisory Inc. Rhumbline Advisers holds 0% or 329,811 shares. Comerica Natl Bank owns 0% invested in Groupon, Inc. (NASDAQ:GRPN) for 21,057 shares. Vanguard Group invested 0.01% of its portfolio in Groupon, Inc. (NASDAQ:GRPN). Susquehanna Intl Group Inc Llp has invested 0% in Groupon, Inc. (NASDAQ:GRPN). Stone Ridge Asset Management Ltd Liability Corporation, New York-based fund reported 190,509 shares. Lesa Sroufe & accumulated 2.47% or 587,505 shares. Pub Employees Retirement Systems Of Ohio holds 11,859 shares or 0% of its portfolio. D E Shaw Company Inc holds 3.38 million shares. Wealthtrust Axiom Llc holds 0.02% or 12,000 shares. National Bank & Trust Of America Corp De stated it has 2.41M shares. Raymond James Assoc reported 12,989 shares. Parametrica Mgmt Ltd holds 0.24% of its portfolio in Groupon, Inc. (NASDAQ:GRPN) for 73,789 shares. Us Bancorporation De has 26,000 shares for 0% of their portfolio.

More important recent Groupon, Inc. (NASDAQ:GRPN) news were published by: Seekingalpha.com which released: “Groupon, Inc. 2018 Q1 – Results – Earnings Call Slides” on May 10, 2018, also Seekingalpha.com published article titled: “Groupon +3.5% as analysts raise targets”, Nasdaq.com published: “Why Groupon Inc Stock Is Higher Today” on May 10, 2018. More interesting news about Groupon, Inc. (NASDAQ:GRPN) was released by: Seekingalpha.com and their article: “Groupon: Still Not Exciting Enough” with publication date: May 16, 2018.

Since March 7, 2018, it had 0 insider buys, and 2 sales for $6.97 million activity. Shares for $6.90M were sold by LEFKOFSKY ERIC P.

Groupon, Inc. (NASDAQ:GRPN) Institutional Positions Chart

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