Earnest Partners Upped Its Amer Equity Invt (AEL) Position; Shorts at Energen (EGN) Raised By 2.29%

January 22, 2018 - By Darrin Black

Earnest Partners Llc increased Amer Equity Invt (AEL) stake by 1.79% reported in 2017Q3 SEC filing. Earnest Partners Llc acquired 47,642 shares as Amer Equity Invt (AEL)’s stock declined 9.73%. The Earnest Partners Llc holds 2.71M shares with $78.86M value, up from 2.66M last quarter. Amer Equity Invt now has $3.09 billion valuation. The stock increased 1.08% or $0.37 during the last trading session, reaching $34.7. About 439,339 shares traded. American Equity Investment Life Holding Company (NYSE:AEL) has risen 64.86% since January 22, 2017 and is uptrending. It has outperformed by 48.16% the S&P500.

Energen Corporation (NYSE:EGN) had an increase of 2.29% in short interest. EGN’s SI was 3.25 million shares in January as released by FINRA. Its up 2.29% from 3.17 million shares previously. With 659,700 avg volume, 5 days are for Energen Corporation (NYSE:EGN)’s short sellers to cover EGN’s short positions. The SI to Energen Corporation’s float is 3.36%. The stock increased 1.98% or $1.14 during the last trading session, reaching $58.62. About 529,026 shares traded. Energen Corporation (NYSE:EGN) has risen 35.21% since January 22, 2017 and is uptrending. It has outperformed by 18.51% the S&P500.

Among 9 analysts covering American Equity Investment Life (NYSE:AEL), 3 have Buy rating, 0 Sell and 6 Hold. Therefore 33% are positive. American Equity Investment Life had 35 analyst reports since August 10, 2015 according to SRatingsIntel. The firm has “Hold” rating by Keefe Bruyette & Woods given on Friday, November 10. The rating was upgraded by Raymond James on Monday, August 10 to “Market Perform”. The rating was maintained by FBR Capital with “Outperform” on Monday, November 28. The rating was maintained by FBR Capital with “Hold” on Monday, November 6. FBR Capital downgraded it to “Mkt Perform” rating and $26 target in Wednesday, June 7 report. The firm has “Buy” rating given on Monday, July 31 by RBC Capital Markets. Keefe Bruyette & Woods maintained the shares of AEL in report on Thursday, December 21 with “Hold” rating. The stock has “Buy” rating by RBC Capital Markets on Friday, December 8. RBC Capital Markets maintained the shares of AEL in report on Monday, October 9 with “Buy” rating. The stock has “Buy” rating by RBC Capital Markets on Tuesday, September 5.

Investors sentiment decreased to 1.26 in 2017 Q3. Its down 0.01, from 1.27 in 2017Q2. It is negative, as 21 investors sold AEL shares while 65 reduced holdings. 36 funds opened positions while 72 raised stakes. 81.49 million shares or 0.46% more from 81.11 million shares in 2017Q2 were reported. Dreman Value Mgmt L L C has invested 0.02% in American Equity Investment Life Holding Company (NYSE:AEL). C M Bidwell And Associates Limited holds 0.43% or 9,695 shares in its portfolio. Massachusetts Finance Service Ma owns 65,085 shares. Old Natl Savings Bank In owns 12,301 shares or 0.02% of their US portfolio. Us National Bank De has invested 0.01% in American Equity Investment Life Holding Company (NYSE:AEL). New Amsterdam Prtnrs Lc Ny holds 2.47% of its portfolio in American Equity Investment Life Holding Company (NYSE:AEL) for 407,355 shares. Pnc Financial Group accumulated 4,725 shares. The New York-based Tower Research Cap Llc (Trc) has invested 0.03% in American Equity Investment Life Holding Company (NYSE:AEL). The New York-based Citigroup has invested 0% in American Equity Investment Life Holding Company (NYSE:AEL). National Bank Of New York Mellon owns 1.42M shares. 70,826 were accumulated by Voya Investment Management Limited Liability Company. Amalgamated Retail Bank reported 11,689 shares. 57,464 are owned by Oppenheimer Asset Management. State Of Alaska Department Of Revenue accumulated 17,621 shares or 0.03% of the stock. Qs Investors Ltd Limited Liability Company holds 0.03% or 139,236 shares in its portfolio.

Earnest Partners Llc decreased Ibm (NYSE:IBM) stake by 4,145 shares to 58,492 valued at $8.49M in 2017Q3. It also reduced Tjx Cos Inc (NYSE:TJX) stake by 31,350 shares and now owns 895,729 shares. Itau Unibanc (NYSE:ITUB) was reduced too.

Among 37 analysts covering Energen Corporation (NYSE:EGN), 24 have Buy rating, 2 Sell and 11 Hold. Therefore 65% are positive. Energen Corporation had 111 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, May 25 by Barclays Capital. The rating was maintained by Citigroup with “Neutral” on Thursday, August 11. Suntrust Robinson maintained it with “Buy” rating and $30 target in Tuesday, February 16 report. The firm earned “Neutral” rating on Monday, July 18 by Citigroup. The stock of Energen Corporation (NYSE:EGN) has “Hold” rating given on Thursday, March 23 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, October 6 by Wunderlich. Deutsche Bank maintained Energen Corporation (NYSE:EGN) on Wednesday, October 14 with “Buy” rating. The rating was maintained by Topeka Capital Markets on Friday, May 6 with “Buy”. The stock has “Buy” rating by Williams Capital Group on Tuesday, August 8. The firm earned “Market Perform” rating on Tuesday, December 22 by BMO Capital Markets.

Energen Corporation, through its subsidiary, Energen Resources Corporation, engages in the exploration, development, and production of oil, natural gas liquids, and natural gas. The company has market cap of $5.70 billion. It has activities within the Midland Basin, the Delaware Basin, and the Central Basin Platform areas of the Permian Basin in west Texas and New Mexico. It currently has negative earnings.

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