As Helmerich & Payne (HP) Stock Price Declined, Front Barnett Associates Has Trimmed Its Position; As Zayo Group Hldgs (ZAYO) Market Value Rose, Holder Jana Partners Raised Its Holding

February 15, 2018 - By Russell Anderson

Barry Rosenstein increased its stake in Zayo Group Hldgs Inc (ZAYO) by 47.97% based on its latest 2017Q3 regulatory filing with the SEC. Jana Partners Llc bought 1.35 million shares as the company’s stock rose 1.36% with the market. The hedge fund run by Barry Rosenstein held 4.18M shares of the public utilities company at the end of 2017Q3, valued at $143.74 million, up from 2.82M at the end of the previous reported quarter. Jana Partners Llc who had been investing in Zayo Group Hldgs Inc for a number of months, seems to be bullish on the $8.98 billion market cap company. The stock increased 1.77% or $0.63 during the last trading session, reaching $36.18. About 1.65 million shares traded. Zayo Group Holdings, Inc. (NYSE:ZAYO) has risen 14.22% since February 15, 2017 and is uptrending. It has underperformed by 2.48% the S&P500.

Front Barnett Associates Llc decreased its stake in Helmerich & Payne Inc (HP) by 5.71% based on its latest 2017Q3 regulatory filing with the SEC. Front Barnett Associates Llc sold 6,687 shares as the company’s stock declined 12.04% while stock markets rallied. The institutional investor held 110,381 shares of the energy company at the end of 2017Q3, valued at $5.75 million, down from 117,068 at the end of the previous reported quarter. Front Barnett Associates Llc who had been investing in Helmerich & Payne Inc for a number of months, seems to be less bullish one the $7.20 billion market cap company. The stock increased 3.75% or $2.39 during the last trading session, reaching $66.12. About 2.16 million shares traded or 18.40% up from the average. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 15, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Since December 15, 2017, it had 0 insider purchases, and 2 selling transactions for $441,985 activity.

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 19 Hold. Therefore 25% are positive. Helmerich & Payne had 131 analyst reports since August 3, 2015 according to SRatingsIntel. On Friday, February 24 the stock rating was upgraded by Bank of America to “Buy”. RBC Capital Markets maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, November 17. RBC Capital Markets has “Sector Perform” rating and $57 target. RBC Capital Markets downgraded it to “Sector Perform” rating and $94 target in Friday, December 16 report. The company was maintained on Friday, January 26 by Cowen & Co. As per Thursday, May 25, the company rating was maintained by RBC Capital Markets. The firm earned “Sell” rating on Tuesday, May 23 by Goldman Sachs. Cowen & Co maintained the stock with “Hold” rating in Thursday, September 14 report. The firm has “Buy” rating given on Tuesday, September 15 by UBS. On Friday, January 26 the stock rating was maintained by Piper Jaffray with “Hold”. RBC Capital Markets maintained Helmerich & Payne, Inc. (NYSE:HP) on Thursday, July 20 with “Hold” rating.

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.03, from 0.93 in 2017Q2. It increased, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Balyasny Asset Ltd Liability Company reported 415,492 shares or 0.08% of all its holdings. Ontario Teachers Pension Plan Board invested 0.03% of its portfolio in Helmerich & Payne, Inc. (NYSE:HP). Ashfield Ptnrs Ltd Liability Corporation reported 7,582 shares stake. Alphamark Advisors Ltd Liability reported 0.07% stake. Reliance Tru Of Delaware reported 0.03% stake. Employees Retirement Sys Of Texas holds 0% or 7,000 shares. 1.38 million are owned by Northern Corp. Utd Automobile Association holds 0.05% or 358,831 shares. Cambridge Invest Advsrs invested in 0% or 4,251 shares. Ftb Inc has 694 shares. Geode Cap Mgmt Ltd Liability Corp stated it has 1.18 million shares. Centurylink Investment Mgmt Co has 0.24% invested in Helmerich & Payne, Inc. (NYSE:HP). The Missouri-based Ent Serv has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Grace And White Ny invested in 205,895 shares. 13,865 were accumulated by Central National Bank Com.

Among 21 analysts covering Zayo Group Holdings (NYSE:ZAYO), 14 have Buy rating, 1 Sell and 6 Hold. Therefore 67% are positive. Zayo Group Holdings had 43 analyst reports since August 5, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, November 9 report. On Tuesday, December 12 the stock rating was upgraded by Morgan Stanley to “Buy”. Stifel Nicolaus initiated Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, January 13 with “Buy” rating. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) earned “Buy” rating by RBC Capital Markets on Monday, October 2. The firm has “Overweight” rating by JP Morgan given on Monday, September 21. The rating was maintained by RBC Capital Markets with “Buy” on Thursday, July 27. The firm has “Neutral” rating given on Wednesday, May 10 by JP Morgan. The company was downgraded on Wednesday, December 14 by Morgan Stanley. The rating was downgraded by Raymond James on Wednesday, May 10 to “Mkt Perform”. The stock of Zayo Group Holdings, Inc. (NYSE:ZAYO) earned “Underperform” rating by FBR Capital on Friday, February 10.

Jana Partners Llc, which manages about $11.37 billion and $4.82B US Long portfolio, decreased its stake in Liberty Media Corp Delaware by 695,557 shares to 3.45M shares, valued at $131.44 million in 2017Q3, according to the filing. It also reduced its holding in Gardner Denver Hldgs Inc by 319,000 shares in the quarter, leaving it with 48,000 shares, and cut its stake in Dermira Inc (NASDAQ:DERM).

Since August 23, 2017, it had 0 insider buys, and 20 selling transactions for $198.88 million activity. Richardson Nina sold $24,078 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, December 29. $161.45M worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) shares were sold by GTCR FUND X/A LP. Crouch Andrew sold $777,582 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Tuesday, October 3. Connor Richard W. sold $40,105 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Friday, December 29. Waters John F Jr. also sold $387,096 worth of Zayo Group Holdings, Inc. (NYSE:ZAYO) on Wednesday, January 3. $1.33M worth of stock was sold by desGarennes Kenneth on Wednesday, August 23.

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