Envestnet (ENV) Share Price Declined While Van Berkom & Associates Lowered Its Stake; As Cenovus Energy (CVE) Valuation Declined, Scheer Rowlett & Associates Investment Management LTD Trimmed Stake

February 15, 2018 - By Migdalia James

Van Berkom & Associates Inc decreased its stake in Envestnet Inc. (ENV) by 16.59% based on its latest 2017Q3 regulatory filing with the SEC. Van Berkom & Associates Inc sold 274,297 shares as the company’s stock declined 8.49% while stock markets rallied. The institutional investor held 1.38 million shares of the miscellaneous company at the end of 2017Q3, valued at $70.32M, down from 1.65 million at the end of the previous reported quarter. Van Berkom & Associates Inc who had been investing in Envestnet Inc. for a number of months, seems to be less bullish one the $2.38B market cap company. The stock increased 4.26% or $2.2 during the last trading session, reaching $53.8. About 242,747 shares traded or 4.35% up from the average. Envestnet, Inc. (NYSE:ENV) has risen 12.71% since February 15, 2017 and is uptrending. It has underperformed by 3.99% the S&P500.

Scheer Rowlett & Associates Investment Management Ltd decreased its stake in Cenovus Energy Inc. (CVE) by 15.28% based on its latest 2017Q3 regulatory filing with the SEC. Scheer Rowlett & Associates Investment Management Ltd sold 765,328 shares as the company’s stock declined 29.14% while stock markets rallied. The institutional investor held 4.24 million shares of the oil & gas production company at the end of 2017Q3, valued at $42.46 million, down from 5.01M at the end of the previous reported quarter. Scheer Rowlett & Associates Investment Management Ltd who had been investing in Cenovus Energy Inc. for a number of months, seems to be less bullish one the $9.63 billion market cap company. The stock increased 5.19% or $0.39 during the last trading session, reaching $7.91. About 8.16M shares traded or 104.43% up from the average. Cenovus Energy Inc. (NYSE:CVE) has declined 34.01% since February 15, 2017 and is downtrending. It has underperformed by 50.71% the S&P500.

Investors sentiment increased to 2.26 in 2017 Q3. Its up 0.81, from 1.45 in 2017Q2. It improved, as 9 investors sold ENV shares while 30 reduced holdings. 37 funds opened positions while 51 raised stakes. 40.29 million shares or 0.21% less from 40.38 million shares in 2017Q2 were reported. Stifel Finance Corporation has 18,908 shares. First Republic Inv Management holds 4,013 shares. Amalgamated Financial Bank holds 0.01% or 5,484 shares in its portfolio. Nuveen Asset Mgmt Ltd Llc has 0.01% invested in Envestnet, Inc. (NYSE:ENV). 198,907 are owned by Castleark Mgmt Ltd Liability Corporation. Ashford Cap Management Inc accumulated 241,458 shares. Pub Employees Retirement Of Ohio, a Ohio-based fund reported 80,324 shares. Janney Montgomery Scott Ltd Company reported 4,660 shares. Goldman Sachs Gru reported 0% of its portfolio in Envestnet, Inc. (NYSE:ENV). United Kingdom-based Legal & General Gru Public Limited Com has invested 0% in Envestnet, Inc. (NYSE:ENV). Moreover, Tiverton Asset Mgmt Ltd Liability has 0.25% invested in Envestnet, Inc. (NYSE:ENV). Gsa Cap Llp holds 0.16% of its portfolio in Envestnet, Inc. (NYSE:ENV) for 46,989 shares. The Germany-based Deutsche Savings Bank Ag has invested 0.01% in Envestnet, Inc. (NYSE:ENV). Stephens Mngmt Grp Incorporated Limited Com owns 1.69% invested in Envestnet, Inc. (NYSE:ENV) for 1.43M shares. Ameritas Invest Ptnrs Inc reported 3,782 shares stake.

Since August 18, 2017, it had 0 insider purchases, and 18 sales for $5.99 million activity. $820,900 worth of Envestnet, Inc. (NYSE:ENV) shares were sold by Arora Anil. 500 shares were sold by Majoros Matthew, worth $21,350 on Wednesday, August 30. 746 Envestnet, Inc. (NYSE:ENV) shares with value of $37,300 were sold by CROWELL GAYLE A. The insider Crager William sold 5,000 shares worth $266,550. The insider O’Brien Shelly sold 3,000 shares worth $159,180. Grinis Scott D sold 9,308 shares worth $465,772.

Van Berkom & Associates Inc, which manages about $3.36 billion and $2.79B US Long portfolio, upped its stake in Shutterstock Inc. (NYSE:SSTK) by 307,357 shares to 1.58M shares, valued at $52.63 million in 2017Q3, according to the filing. It also increased its holding in American Renal Associates Holdings by 1.82M shares in the quarter, for a total of 2.19M shares, and has risen its stake in Ambarella Inc (NASDAQ:AMBA).

Analysts await Envestnet, Inc. (NYSE:ENV) to report earnings on March, 22. They expect $0.29 EPS, up 38.10% or $0.08 from last year’s $0.21 per share. ENV’s profit will be $12.85 million for 46.38 P/E if the $0.29 EPS becomes a reality. After $0.25 actual EPS reported by Envestnet, Inc. for the previous quarter, Wall Street now forecasts 16.00% EPS growth.

Among 10 analysts covering Envestnet (NYSE:ENV), 7 have Buy rating, 0 Sell and 3 Hold. Therefore 70% are positive. Envestnet had 27 analyst reports since August 11, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Thursday, January 4 by RBC Capital Markets. The stock of Envestnet, Inc. (NYSE:ENV) earned “Buy” rating by Stifel Nicolaus on Tuesday, November 8. The rating was maintained by RBC Capital Markets on Wednesday, October 4 with “Hold”. RBC Capital Markets maintained Envestnet, Inc. (NYSE:ENV) on Sunday, November 5 with “Hold” rating. On Wednesday, January 17 the stock rating was maintained by Jefferies with “Buy”. The company was maintained on Wednesday, July 12 by RBC Capital Markets. The rating was maintained by UBS on Friday, November 17 with “Buy”. The company was maintained on Wednesday, August 9 by Raymond James. As per Wednesday, August 9, the company rating was maintained by RBC Capital Markets. Northland Capital maintained the shares of ENV in report on Tuesday, November 10 with “Outperform” rating.

Scheer Rowlett & Associates Investment Management Ltd, which manages about $1.68B US Long portfolio, upped its stake in Barrick Gold Corp. (NYSE:ABX) by 180,500 shares to 2.03M shares, valued at $32.56M in 2017Q3, according to the filing. It also increased its holding in Gildan Activewear Class A (NYSE:GIL) by 69,240 shares in the quarter, for a total of 1.39M shares, and has risen its stake in Bank Of Montreal (NYSE:BMO).

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