As Ringcentral (RNG) Stock Value Rose, Shareholder Shell Asset Management Co Has Lowered Stake by $3.39 Million; Investment Counselors Of Maryland Cut Mcdermott Intl (MDR) Holding by $1.17 Million as Market Value Declined

January 19, 2018 - By Maria Brooks

Shell Asset Management Co decreased its stake in Ringcentral Inc (RNG) by 23.21% based on its latest 2017Q3 regulatory filing with the SEC. Shell Asset Management Co sold 82,700 shares as the company’s stock rose 34.13% with the market. The institutional investor held 273,581 shares of the technology company at the end of 2017Q3, valued at $11.42 million, down from 356,281 at the end of the previous reported quarter. Shell Asset Management Co who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $4.12 billion market cap company. The stock increased 3.30% or $1.7 during the last trading session, reaching $53.2. About 305,920 shares traded. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since January 19, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

Investment Counselors Of Maryland Llc decreased its stake in Mcdermott Intl Inc (MDR) by 4.52% based on its latest 2017Q3 regulatory filing with the SEC. Investment Counselors Of Maryland Llc sold 166,580 shares as the company’s stock declined 18.27% while stock markets rallied. The institutional investor held 3.52 million shares of the capital goods company at the end of 2017Q3, valued at $25.59 million, down from 3.69 million at the end of the previous reported quarter. Investment Counselors Of Maryland Llc who had been investing in Mcdermott Intl Inc for a number of months, seems to be less bullish one the $2.22 billion market cap company. The stock decreased 0.38% or $0.03 during the last trading session, reaching $7.8. About 4.78 million shares traded or 13.53% up from the average. McDermott International, Inc. (NYSE:MDR) has risen 47.07% since January 19, 2017 and is uptrending. It has outperformed by 30.37% the S&P500.

Among 11 analysts covering McDermott International (NYSE:MDR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. McDermott International had 28 analyst reports since August 12, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Thursday, September 17 by Imperial Capital. On Tuesday, October 24 the stock rating was maintained by Deutsche Bank with “Hold”. The stock of McDermott International, Inc. (NYSE:MDR) has “Neutral” rating given on Wednesday, July 27 by Citigroup. Scotia Capital maintained McDermott International, Inc. (NYSE:MDR) on Friday, April 28 with “Hold” rating. The firm earned “Sector Outperform” rating on Thursday, May 25 by Howard Weil. As per Friday, November 10, the company rating was maintained by KeyBanc Capital Markets. On Thursday, November 2 the stock rating was maintained by Credit Suisse with “Neutral”. On Tuesday, December 20 the stock rating was upgraded by KeyBanc Capital Markets to “Overweight”. DA Davidson maintained McDermott International, Inc. (NYSE:MDR) rating on Monday, March 14. DA Davidson has “Neutral” rating and $4 target. The stock has “Neutral” rating by Credit Suisse on Monday, April 4.

Investors sentiment decreased to 1.16 in Q3 2017. Its down 0.23, from 1.39 in 2017Q2. It is negative, as 24 investors sold MDR shares while 72 reduced holdings. 36 funds opened positions while 75 raised stakes. 243.14 million shares or 1.18% less from 246.04 million shares in 2017Q2 were reported. Tiaa Cref Inv Mgmt Limited Liability holds 1.38 million shares. First Allied Advisory Svcs reported 0% stake. Tocqueville Asset Ltd Partnership owns 0.03% invested in McDermott International, Inc. (NYSE:MDR) for 353,815 shares. Grantham Mayo Van Otterloo Communications Ltd Liability has 0.02% invested in McDermott International, Inc. (NYSE:MDR). Clarivest Asset Management Ltd Co invested in 979,239 shares or 0.16% of the stock. State Board Of Administration Of Florida Retirement has invested 0.01% in McDermott International, Inc. (NYSE:MDR). The Illinois-based Balyasny Asset Management Lc has invested 0% in McDermott International, Inc. (NYSE:MDR). Boston Advsrs Lc invested in 750,595 shares. Meeder Asset Mgmt accumulated 0.01% or 16,144 shares. Prudential Fin holds 0.04% or 2.98 million shares. Northern holds 5.70M shares or 0.01% of its portfolio. 207,314 were reported by Texas Permanent School Fund. Patten Grp has invested 0.05% in McDermott International, Inc. (NYSE:MDR). Alliancebernstein LP has invested 0% in McDermott International, Inc. (NYSE:MDR). Raymond James & accumulated 0% or 45,379 shares.

Investment Counselors Of Maryland Llc, which manages about $2.15B and $1.96 billion US Long portfolio, upped its stake in Carrizo Oil & Gas Inc (NASDAQ:CRZO) by 349,780 shares to 1.11 million shares, valued at $19.03M in 2017Q3, according to the filing. It also increased its holding in Icf International Inc (NASDAQ:ICFI) by 31,660 shares in the quarter, for a total of 385,039 shares, and has risen its stake in Whiting Petroleum Corp (NYSE:WLL).

Analysts await McDermott International, Inc. (NYSE:MDR) to report earnings on February, 20. They expect $-0.01 EPS, down 150.00% or $0.03 from last year’s $0.02 per share. After $0.33 actual EPS reported by McDermott International, Inc. for the previous quarter, Wall Street now forecasts -103.03% negative EPS growth.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on February, 12. They expect $-0.08 earnings per share, 0.00% or $0.00 from last year’s $-0.08 per share. After $-0.07 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.

Since August 16, 2017, it had 0 insider buys, and 24 insider sales for $19.00 million activity. The insider Sipes David sold $328,458. $152,874 worth of RingCentral, Inc. (NYSE:RNG) was sold by Dhruv Mitesh. The insider Shmunis Vladimir sold $2.29 million. Marlow John H had sold 6,000 shares worth $254,580 on Wednesday, September 13. 22,000 shares were sold by Williams R Neil, worth $869,000.

Shell Asset Management Co, which manages about $4.50B US Long portfolio, upped its stake in Intuitive Surgical Inc (NASDAQ:ISRG) by 1,032 shares to 10,028 shares, valued at $10.49 million in 2017Q3, according to the filing. It also increased its holding in Signature Bk New York N Y (NASDAQ:SBNY) by 8,745 shares in the quarter, for a total of 34,538 shares, and has risen its stake in Texas Instrs Inc (NASDAQ:TXN).

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