Kahn Brothers Group Has Increased Its Patterson Energy (PTEN) Position; Wellesley Bancorp (WEBK) Shorts Raised By 13.95%

February 15, 2018 - By Nellie Frank

Kahn Brothers Group Inc increased Patterson Energy (PTEN) stake by 39.44% reported in 2017Q3 SEC filing. Kahn Brothers Group Inc acquired 363,985 shares as Patterson Energy (PTEN)’s stock declined 16.81%. The Kahn Brothers Group Inc holds 1.29M shares with $26.95B value, up from 922,906 last quarter. Patterson Energy now has $3.96B valuation. The stock decreased 2.73% or $0.5 during the last trading session, reaching $17.8. About 3.31M shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has risen 32.91% since February 15, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Wellesley Bancorp Incorporated (NASDAQ:WEBK) had an increase of 13.95% in short interest. WEBK’s SI was 4,900 shares in February as released by FINRA. Its up 13.95% from 4,300 shares previously. With 1,000 avg volume, 5 days are for Wellesley Bancorp Incorporated (NASDAQ:WEBK)’s short sellers to cover WEBK’s short positions. The SI to Wellesley Bancorp Incorporated’s float is 0.32%. It closed at $29.0447 lastly. It is up 34.84% since February 15, 2017 and is uptrending. It has outperformed by 18.14% the S&P500.

Kahn Brothers Group Inc decreased Navient (NASDAQ:NAVI) stake by 20,755 shares to 51,983 valued at $780.78 million in 2017Q3. It also reduced Zedge Inc. stake by 16,318 shares and now owns 138,918 shares. Mbia (NYSE:MBI) was reduced too.

Investors sentiment decreased to 1.41 in 2017 Q3. Its down 0.25, from 1.66 in 2017Q2. It is negative, as 40 investors sold PTEN shares while 64 reduced holdings. 30 funds opened positions while 117 raised stakes. 207.11 million shares or 3.18% more from 200.72 million shares in 2017Q2 were reported. Horizon Kinetics Llc stated it has 493,742 shares or 0.3% of all its holdings. Bankshares Of Montreal Can has invested 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Comerica National Bank holds 194,306 shares. Teacher Retirement Systems Of Texas owns 0.16% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 1.21 million shares. Qvt Financial Lp holds 0.13% or 161,700 shares. Rbf Cap Limited Liability Com invested 0.16% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Strategic Glob Limited Co owns 24,189 shares. Amundi Pioneer Asset Mngmt stated it has 0.1% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Amalgamated State Bank holds 0.03% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) for 39,750 shares. Key Group (Cayman) Ltd stated it has 1.29 million shares. Estabrook Capital reported 500 shares. Leavell Investment Management holds 0.06% or 25,000 shares in its portfolio. Tortoise Capital Advisors Lc holds 0.01% or 84,875 shares. Valueworks Ltd Liability has 110,539 shares. Proshare owns 31,147 shares.

Among 31 analysts covering Patterson-UTI Energy Inc (NASDAQ:PTEN), 22 have Buy rating, 0 Sell and 9 Hold. Therefore 71% are positive. Patterson-UTI Energy Inc had 106 analyst reports since July 28, 2015 according to SRatingsIntel. The firm has “Market Perform” rating by BMO Capital Markets given on Monday, February 12. The company was maintained on Thursday, January 11 by Cowen & Co. Jefferies maintained the stock with “Buy” rating in Friday, July 28 report. Piper Jaffray maintained it with “Buy” rating and $24.0 target in Tuesday, October 31 report. As per Wednesday, June 29, the company rating was upgraded by Piper Jaffray. Citigroup downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Friday, March 18. Citigroup has “Neutral” rating and $20 target. J.P. Morgan upgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Tuesday, September 5 to “Buy” rating. The rating was upgraded by Guggenheim to “Buy” on Monday, November 30. As per Wednesday, June 29, the company rating was upgraded by Simmons & Co. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Hold” rating by Cowen & Co on Friday, October 27.

Investors sentiment increased to 3 in Q3 2017. Its up 0.50, from 2.5 in 2017Q2. It increased, as 1 investors sold Wellesley Bancorp, Inc. shares while 0 reduced holdings. 0 funds opened positions while 3 raised stakes. 111,312 shares or 2.97% more from 108,100 shares in 2017Q2 were reported. Vanguard Grp owns 9,915 shares. Blackrock Inc holds 0% or 267 shares. Howland Capital Mngmt Limited Liability owns 0.06% invested in Wellesley Bancorp, Inc. (NASDAQ:WEBK) for 25,000 shares. Commonwealth Equity Ser stated it has 0.01% of its portfolio in Wellesley Bancorp, Inc. (NASDAQ:WEBK). Seizert Cap Partners Lc reported 10,547 shares or 0.01% of all its holdings. Royal Fincl Bank Of Canada holds 250 shares. Banc Funds Comm Llc holds 0.04% of its portfolio in Wellesley Bancorp, Inc. (NASDAQ:WEBK) for 30,879 shares.

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