Vaughan Nelson Investment Management LP Has Lowered Its Ring Energy (REI) Stake by $1.17 Million as Market Valuation Declined; Biglari Capital Lifted Its Position in Biglari Hldgs (BH) by $18.48 Million as Stock Value Were Volatile

June 23, 2018 - By Peter Erickson

Biglari Holdings Inc. (NYSE:BH) Logo

Vaughan Nelson Investment Management Lp decreased its stake in Ring Energy Inc (REI) by 5.02% based on its latest 2018Q1 regulatory filing with the SEC. Vaughan Nelson Investment Management Lp sold 83,751 shares as the company’s stock declined 4.70% with the market. The institutional investor held 1.58M shares of the energy company at the end of 2018Q1, valued at $22.75 million, down from 1.67M at the end of the previous reported quarter. Vaughan Nelson Investment Management Lp who had been investing in Ring Energy Inc for a number of months, seems to be less bullish one the $767.53 million market cap company. The stock increased 6.54% or $0.78 during the last trading session, reaching $12.71. About 1.62M shares traded or 137.84% up from the average. Ring Energy, Inc. (NYSEMKT:REI) has risen 6.39% since June 23, 2017 and is uptrending. It has underperformed by 6.18% the S&P500. Some Historical REI News: 15/03/2018 – Ring Energy 4Q Oil and Gas Rev $23.3; 17/04/2018 – Ring Energy Releases 1Q 2018 Ops Update

Biglari Capital Corp increased its stake in Biglari Hldgs Inc (BH) by 4.2% based on its latest 2018Q1 regulatory filing with the SEC. Biglari Capital Corp bought 45,302 shares as the company’s stock 0.00% . The hedge fund held 1.12M shares of the restaurants company at the end of 2018Q1, valued at $458.63 million, up from 1.08 million at the end of the previous reported quarter. Biglari Capital Corp who had been investing in Biglari Hldgs Inc for a number of months, seems to be bullish on the $594.42 million market cap company. The stock increased 1.02% or $1.96 during the last trading session, reaching $193.73. About 10,337 shares traded. Biglari Holdings Inc. (NYSE:BH) has 0.00% since June 23, 2017 and is . It has underperformed by 12.57% the S&P500. Some Historical BH News: 15/05/2018 – Biglari Capital LLC Exits Position in Insignia Systems; 05/04/2018 – Biglari Holdings Closes Above 50-Day Moving Average: Technicals; 10/04/2018 – MOODY’S DOWNGRADES STEAK N SHAKE TO CAA1 CORPORATE FAMILY RATING; 23/03/2018 Biglari Holdings Closes Below 50-Day Moving Average: Technicals; 10/04/2018 – Biglari Holdings Short-Interest Ratio Rises 43% to 12 Days; 19/04/2018 – DJ Biglari Holdings Inc, Inst Holders, 1Q 2018 (BH); 04/05/2018 – Biglari Holdings Inc. News Release; 15/05/2018 – Biglari Adds NuStar Energy, Exits Insignia Systems Inc.: 13F; 08/05/2018 – BLACKROCK REPORTS 3.4% STAKE IN BIGLARI HOLDINGS AS OF APRIL 30

More recent Biglari Holdings Inc. (NYSE:BH) news were published by: Gurufocus.com which released: “Biglari Holdings Inc (BH.A) CEO Sardar Biglari, Bought $3.3 million of Shares” on June 13, 2018. Also Bizjournals.com published the news titled: “From tax reform to trade wars, San Antonio public companies show resilience” on June 21, 2018. Gurufocus.com‘s news article titled: “Biglari Holdings Inc (BH.A) CEO Sardar Biglari, Bought $367395 of Shares” with publication date: June 16, 2018 was also an interesting one.

Analysts await Ring Energy, Inc. (NYSEAMERICAN:REI) to report earnings on August, 14. They expect $0.14 EPS, up 250.00% or $0.10 from last year’s $0.04 per share. REI’s profit will be $8.45M for 22.70 P/E if the $0.14 EPS becomes a reality. After $0.11 actual EPS reported by Ring Energy, Inc. for the previous quarter, Wall Street now forecasts 27.27% EPS growth.

Vaughan Nelson Investment Management Lp, which manages about $9.91B and $8.18 billion US Long portfolio, upped its stake in Laureate Education Inc by 427,025 shares to 2.65 million shares, valued at $36.49 million in 2018Q1, according to the filing. It also increased its holding in Oshkosh Corp (NYSE:OSK) by 260,910 shares in the quarter, for a total of 602,050 shares, and has risen its stake in Brown & Brown Inc (NYSE:BRO).

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. Northland Capital maintained the stock with “Outperform” rating in Tuesday, July 28 report. The firm earned “Buy” rating on Tuesday, October 20 by Canaccord Genuity. The stock has “Buy” rating by Rodman & Renshaw on Monday, August 29. On Thursday, December 21 the stock rating was initiated by KLR Group with “Buy”. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Mkt Perform” rating by FBR Capital on Wednesday, January 6. The firm has “Buy” rating given on Wednesday, November 11 by Wunderlich. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) has “Buy” rating given on Thursday, May 12 by Wunderlich.

Ring Energy, Inc. (NYSEAMERICAN:REI) Institutional Positions Chart

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