Parsley Energy (PE) Holder Scholtz & Company Decreased Its Stake by $2.12 Million; Oaktree Capital Management LP Trimmed Its Gerdau Sa (GGB) Holding by $6.80 Million

February 15, 2018 - By Winifred Garcia

Howard Marks decreased its stake in Gerdau Sa (GGB) by 31.17% based on its latest 2017Q3 regulatory filing with the SEC. Oaktree Capital Management Lp sold 2.27M shares as the company’s stock declined 32.55% while stock markets rallied. The hedge fund run by Howard Marks held 5.01M shares of the steel and iron ore company at the end of 2017Q3, valued at $17.17 million, down from 7.27M at the end of the previous reported quarter. Oaktree Capital Management Lp who had been investing in Gerdau Sa for a number of months, seems to be less bullish one the $7.87 billion market cap company. The stock decreased 0.22% or $0.01 during the last trading session, reaching $4.63. About 6.54M shares traded. Gerdau S.A. (NYSE:GGB) has risen 83.44% since February 15, 2017 and is uptrending. It has outperformed by 66.74% the S&P500.

Scholtz & Company Llc decreased its stake in Parsley Energy (PE) by 55.6% based on its latest 2017Q3 regulatory filing with the SEC. Scholtz & Company Llc sold 81,420 shares as the company’s stock declined 0.66% while stock markets rallied. The institutional investor held 65,030 shares of the energy company at the end of 2017Q3, valued at $1.71M, down from 146,450 at the end of the previous reported quarter. Scholtz & Company Llc who had been investing in Parsley Energy for a number of months, seems to be less bullish one the $7.29B market cap company. The stock decreased 1.15% or $0.27 during the last trading session, reaching $23.2. About 2.65M shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 15, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

Oaktree Capital Management Lp, which manages about $6.70 billion US Long portfolio, upped its stake in Altaba Inc by 2.05M shares to 3.11 million shares, valued at $206.11M in 2017Q3, according to the filing. It also increased its holding in Star Bulk Carriers Corp by 140,000 shares in the quarter, for a total of 32.58M shares, and has risen its stake in Adr.

Among 7 analysts covering Gerdau (NYSE:GGB), 6 have Buy rating, 1 Sell and 0 Hold. Therefore 86% are positive. Gerdau had 11 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was upgraded by Bank of America to “Buy” on Monday, November 27. The company was downgraded on Monday, February 22 by Bank of America. The firm has “Hold” rating by Credit Suisse given on Thursday, September 7. Credit Suisse upgraded the shares of GGB in report on Friday, February 2 to “Buy” rating. The stock has “Underperform” rating by Scotia Capital on Tuesday, October 25. Goldman Sachs initiated the shares of GGB in report on Monday, August 10 with “Buy” rating. The stock has “Buy” rating by J.P. Morgan on Friday, September 1. The rating was upgraded by Morgan Stanley to “Overweight” on Thursday, August 18. As per Thursday, August 4, the company rating was upgraded by Credit Suisse. JP Morgan upgraded the shares of GGB in report on Friday, September 1 to “Overweight” rating.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It dropped, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. 206,217 are owned by Bank & Trust Of Montreal Can. Natl Company Tx has invested 0.11% in Parsley Energy, Inc. (NYSE:PE). Neuberger Berman Grp Ltd Limited Liability Company holds 14,700 shares or 0% of its portfolio. Robeco Institutional Asset Bv has 0% invested in Parsley Energy, Inc. (NYSE:PE) for 26,861 shares. Commerzbank Aktiengesellschaft Fi owns 211,693 shares or 0.07% of their US portfolio. Pacad Inv has invested 0.12% in Parsley Energy, Inc. (NYSE:PE). Hodges Cap Mgmt has 0.09% invested in Parsley Energy, Inc. (NYSE:PE). Stevens Mgmt Lp owns 263,228 shares for 0.26% of their portfolio. Utah Retirement Sys holds 42,300 shares or 0.03% of its portfolio. Amalgamated National Bank holds 0.04% of its portfolio in Parsley Energy, Inc. (NYSE:PE) for 42,989 shares. Caisse De Depot Et Placement Du Quebec reported 13,300 shares stake. Moreover, Morgan Stanley has 0.01% invested in Parsley Energy, Inc. (NYSE:PE). 2.26M are owned by Carlson Lp. Spirit Of America Mngmt Corp holds 328,650 shares. 113 are held by Cwm.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on February, 22. They expect $0.18 earnings per share, up 200.00% or $0.12 from last year’s $0.06 per share. PE’s profit will be $56.59 million for 32.22 P/E if the $0.18 EPS becomes a reality. After $0.12 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 50.00% EPS growth.

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