Avis Budget Group (CAR) Shareholder Baupost Group Has Lowered Its Position as Market Value Declined; Schlumberger LTD (SLB) Share Value Declined While Talara Capital Management Decreased Stake by $4.44 Million

January 20, 2018 - By Henry Gaston

David Zusman decreased its stake in Schlumberger Ltd (SLB) by 40.13% based on its latest 2017Q3 regulatory filing with the SEC. Talara Capital Management Llc sold 64,369 shares as the company’s stock declined 11.04% while stock markets rallied. The hedge fund run by David Zusman held 96,050 shares of the oilfield services and equipment company at the end of 2017Q3, valued at $6.70M, down from 160,419 at the end of the previous reported quarter. Talara Capital Management Llc who had been investing in Schlumberger Ltd for a number of months, seems to be less bullish one the $105.86B market cap company. The stock increased 0.07% or $0.05 during the last trading session, reaching $76.42. About 13.39 million shares traded or 42.83% up from the average. Schlumberger Limited (NYSE:SLB) has declined 3.30% since January 20, 2017 and is downtrending. It has underperformed by 20.00% the S&P500.

Seth Klarman decreased its stake in Avis Budget Group (CAR) by 74.08% based on its latest 2017Q3 regulatory filing with the SEC. Baupost Group Llc sold 2.96 million shares as the company’s stock declined 33.71% while stock markets rallied. The hedge fund run by Seth Klarman held 1.04 million shares of the consumer services company at the end of 2017Q3, valued at $39.46 million, down from 4.00 million at the end of the previous reported quarter. Baupost Group Llc who had been investing in Avis Budget Group for a number of months, seems to be less bullish one the $3.73 billion market cap company. The stock increased 5.61% or $2.43 during the last trading session, reaching $45.78. About 2.27M shares traded. Avis Budget Group, Inc. (NASDAQ:CAR) has declined 14.90% since January 20, 2017 and is downtrending. It has underperformed by 31.60% the S&P500.

Since October 24, 2017, it had 0 insider buys, and 1 sale for $219,205 activity.

Talara Capital Management Llc, which manages about $249.36M and $192.43M US Long portfolio, upped its stake in Qep Res Inc (NYSE:QEP) by 817,669 shares to 2.50M shares, valued at $21.43 million in 2017Q3, according to the filing.

Investors sentiment is 0.88 in Q3 2017. Its the same as in 2017Q2. It has no change, as 69 investors sold SLB shares while 596 reduced holdings. only 105 funds opened positions while 481 raised stakes. 1.20 billion shares or 11.55% more from 1.07 billion shares in 2017Q2 were reported. Advsr holds 0.42% or 5,275 shares. Westwood Gp Incorporated holds 0.03% of its portfolio in Schlumberger Limited (NYSE:SLB) for 56,542 shares. Oregon Pub Employees Retirement Fund holds 0.17% or 148,343 shares in its portfolio. Kayne Anderson Rudnick Inv Ltd Liability Company owns 4,401 shares. State Of Alaska Department Of Revenue holds 0.11% in Schlumberger Limited (NYSE:SLB) or 31,250 shares. Gofen & Glossberg Limited Liability Corp Il owns 525,024 shares for 1.36% of their portfolio. Shelter Retirement Plan reported 2.72% of its portfolio in Schlumberger Limited (NYSE:SLB). Miller Howard Invests Incorporated Ny has invested 0.08% in Schlumberger Limited (NYSE:SLB). Bluecrest Limited has invested 0.19% in Schlumberger Limited (NYSE:SLB). 76,300 are owned by Andra Ap. Oakbrook invested 1.81% of its portfolio in Schlumberger Limited (NYSE:SLB). First Tru Advsrs LP holds 0.05% of its portfolio in Schlumberger Limited (NYSE:SLB) for 296,787 shares. Invest Counselors Of Maryland Limited invested in 0% or 158 shares. 13,861 are owned by Eqis Mgmt. 27,336 are owned by Orleans Mngmt Corporation La.

Among 35 analysts covering Schlumberger Limited. (NYSE:SLB), 27 have Buy rating, 1 Sell and 7 Hold. Therefore 77% are positive. Schlumberger Limited. has $120 highest and $70 lowest target. $83.65’s average target is 9.46% above currents $76.42 stock price. Schlumberger Limited. had 130 analyst reports since July 22, 2015 according to SRatingsIntel. Guggenheim upgraded Schlumberger Limited (NYSE:SLB) on Tuesday, May 10 to “Neutral” rating. The firm has “Mkt Perform” rating given on Friday, December 2 by Bernstein. The firm has “Buy” rating by Citigroup given on Wednesday, October 21. As per Wednesday, October 11, the company rating was downgraded by BMO Capital Markets. Piper Jaffray maintained the shares of SLB in report on Friday, October 20 with “Buy” rating. The firm has “Buy” rating by Citigroup given on Wednesday, October 25. The firm earned “Buy” rating on Friday, April 21 by SunTrust. The rating was maintained by Howard Weil on Monday, October 19 with “Focus Stock”. The stock of Schlumberger Limited (NYSE:SLB) has “Neutral” rating given on Wednesday, September 9 by Macquarie Research. As per Friday, August 25, the company rating was maintained by Jefferies.

Among 11 analysts covering Avis Budget (NASDAQ:CAR), 7 have Buy rating, 1 Sell and 3 Hold. Therefore 64% are positive. Avis Budget has $63.0 highest and $18 lowest target. $37.20’s average target is -18.74% below currents $45.78 stock price. Avis Budget had 33 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital with “Equal-Weight” on Wednesday, November 1. Goldman Sachs initiated it with “Neutral” rating and $30 target in Monday, October 24 report. As per Wednesday, November 8, the company rating was maintained by Deutsche Bank. The rating was maintained by Morgan Stanley with “Underweight” on Friday, September 15. As per Monday, November 16, the company rating was maintained by Barclays Capital. Credit Suisse maintained the shares of CAR in report on Thursday, September 14 with “Hold” rating. As per Tuesday, April 12, the company rating was maintained by Credit Suisse. Barclays Capital maintained it with “Equal Weight” rating and $37 target in Tuesday, September 27 report. As per Friday, August 26, the company rating was initiated by Macquarie Research. The firm has “Equal-Weight” rating given on Thursday, February 25 by Barclays Capital.

Baupost Group Llc, which manages about $29.88 billion and $8.02B US Long portfolio, upped its stake in Cardinal Health Inc (NYSE:CAH) by 500,000 shares to 2.53 million shares, valued at $169.31 million in 2017Q3, according to the filing. It also increased its holding in Forward Pharma A/S by 99,206 shares in the quarter, for a total of 6.46M shares, and has risen its stake in Twenty First Centy Fox Inc (NASDAQ:FOX).

Analysts await Avis Budget Group, Inc. (NASDAQ:CAR) to report earnings on February, 21. They expect $0.19 earnings per share, up 26.67% or $0.04 from last year’s $0.15 per share. CAR’s profit will be $15.47M for 60.24 P/E if the $0.19 EPS becomes a reality. After $3.10 actual earnings per share reported by Avis Budget Group, Inc. for the previous quarter, Wall Street now forecasts -93.87% negative EPS growth.

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