Point72 Asset Management LP Lowered Patterson Uti Energy (PTEN) Holding by $2.30 Million; Simon Property Group (SPG) Shareholder Sentry Select Capital Trimmed Position by $2.77 Million

January 15, 2018 - By Louis Casey

Steve Cohen decreased its stake in Patterson Uti Energy Inc (PTEN) by 7.33% based on its latest 2017Q3 regulatory filing with the SEC. Point72 Asset Management Lp sold 114,877 shares as the company’s stock declined 16.81% while stock markets rallied. The hedge fund run by Steve Cohen held 1.45 million shares of the energy company at the end of 2017Q3, valued at $30.41 million, down from 1.57M at the end of the previous reported quarter. Point72 Asset Management Lp who had been investing in Patterson Uti Energy Inc for a number of months, seems to be less bullish one the $5.49B market cap company. It closed at $24.7 lastly. It is up 32.91% since January 15, 2017 and is uptrending. It has outperformed by 16.21% the S&P500.

Sentry Select Capital Corp decreased its stake in Simon Property Group Inc (SPG) by 7.02% based on its latest 2017Q3 regulatory filing with the SEC. Sentry Select Capital Corp sold 17,200 shares as the company’s stock declined 12.82% while stock markets rallied. The institutional investor held 227,845 shares of the consumer services company at the end of 2017Q3, valued at $36.69 million, down from 245,045 at the end of the previous reported quarter. Sentry Select Capital Corp who had been investing in Simon Property Group Inc for a number of months, seems to be less bullish one the $59.27 billion market cap company. The stock increased 0.41% or $0.68 during the last trading session, reaching $165.51. About 1.24 million shares traded. Simon Property Group, Inc. (NYSE:SPG) has declined 18.56% since January 15, 2017 and is downtrending. It has underperformed by 35.26% the S&P500.

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 97 analyst reports since July 28, 2015 according to SRatingsIntel. Citigroup downgraded Patterson-UTI Energy, Inc. (NASDAQ:PTEN) rating on Friday, March 18. Citigroup has “Neutral” rating and $20 target. The firm earned “Overweight” rating on Tuesday, September 5 by JP Morgan. The firm has “Buy” rating by Guggenheim given on Monday, November 30. The firm has “Hold” rating by Tudor Pickering given on Wednesday, September 9. On Thursday, January 19 the stock rating was downgraded by Cowen & Co to “Market Perform”. Goldman Sachs downgraded the stock to “Neutral” rating in Friday, December 16 report. Evercore maintained Patterson-UTI Energy, Inc. (NASDAQ:PTEN) on Tuesday, June 6 with “Buy” rating. The stock of Patterson-UTI Energy, Inc. (NASDAQ:PTEN) earned “Positive” rating by Susquehanna on Wednesday, March 9. Credit Suisse downgraded it to “Underperform” rating and $15 target in Wednesday, June 1 report. The firm has “Outperform” rating by Cowen & Co given on Friday, October 23.

Point72 Asset Management Lp, which manages about $22.41B US Long portfolio, upped its stake in Davita Inc (NYSE:DVA) by 567,000 shares to 588,300 shares, valued at $34.94 million in 2017Q3, according to the filing. It also increased its holding in Apple Inc (Call) (NASDAQ:AAPL) by 800,000 shares in the quarter, for a total of 1.15 million shares, and has risen its stake in Zimmer Biomet Hldgs Inc (ZMH).

Investors sentiment decreased to 1.41 in Q3 2017. Its down 0.25, from 1.66 in 2017Q2. It worsened, 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. Glg Prtn Limited Partnership invested in 1.38% or 1.25 million shares. Utah Retirement holds 38,073 shares or 0.02% of its portfolio. Sterling Cap Management Ltd Liability Company accumulated 0.02% or 82,108 shares. Timber Hill Lc has invested 0.02% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Corecommodity Mgmt Limited Liability reported 10,151 shares. Symphony Asset Management Ltd Liability Corporation reported 32,268 shares stake. 1492 Management Ltd Company accumulated 11,092 shares or 0.21% of the stock. Virginia Retirement Et Al accumulated 0.04% or 159,614 shares. Manufacturers Life Ins The invested in 0.01% or 536,139 shares. Comerica State Bank invested in 194,306 shares. Arizona State Retirement System invested in 0.03% or 120,950 shares. Leavell Invest has invested 0.06% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Bancorporation Of Mellon has 0.03% invested in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Paloma Ptnrs Management invested in 0.02% or 79,076 shares. Valueworks Lc invested in 110,539 shares or 1.64% of the stock.

Analysts await Patterson-UTI Energy, Inc. (NASDAQ:PTEN) to report earnings on February, 8. They expect $-0.08 earnings per share, up 84.91% or $0.45 from last year’s $-0.53 per share. After $-0.16 actual earnings per share reported by Patterson-UTI Energy, Inc. for the previous quarter, Wall Street now forecasts -50.00% EPS growth.

Analysts await Simon Property Group, Inc. (NYSE:SPG) to report earnings on January, 30. They expect $3.11 EPS, up 6.87% or $0.20 from last year’s $2.91 per share. SPG’s profit will be $1.11B for 13.30 P/E if the $3.11 EPS becomes a reality. After $2.89 actual EPS reported by Simon Property Group, Inc. for the previous quarter, Wall Street now forecasts 7.61% EPS growth.

Investors sentiment increased to 0.98 in Q3 2017. Its up 0.22, from 0.76 in 2017Q2. It is positive, as 57 investors sold SPG shares while 202 reduced holdings. 61 funds opened positions while 194 raised stakes. 297.03 million shares or 0.55% less from 298.66 million shares in 2017Q2 were reported. Wasatch Advsrs, a Utah-based fund reported 2,785 shares. Utd Fincl Advisers Ltd Limited Liability Company holds 0.03% in Simon Property Group, Inc. (NYSE:SPG) or 23,405 shares. Bbva Compass Retail Bank Inc invested in 0.02% or 1,838 shares. Huntington Bankshares stated it has 49,159 shares. Adell Harriman Carpenter Inc invested 0.62% of its portfolio in Simon Property Group, Inc. (NYSE:SPG). Eagle Asset stated it has 241,276 shares. Victory Cap reported 0% in Simon Property Group, Inc. (NYSE:SPG). Moreover, Advantus Cap Mngmt has 1.96% invested in Simon Property Group, Inc. (NYSE:SPG) for 470,137 shares. Moreover, Bb&T has 0.01% invested in Simon Property Group, Inc. (NYSE:SPG) for 1,749 shares. Brookfield Asset Mgmt holds 2.27% of its portfolio in Simon Property Group, Inc. (NYSE:SPG) for 3.01M shares. Stephens Incorporated Ar, a Arkansas-based fund reported 39,126 shares. Deutsche Fincl Bank Ag reported 2.06M shares. Cap holds 21.25M shares. Omers Administration holds 889,871 shares or 1.64% of its portfolio. Massachusetts Ma stated it has 0.06% in Simon Property Group, Inc. (NYSE:SPG).

Sentry Select Capital Corp, which manages about $9.88 billion US Long portfolio, upped its stake in Bank Of Nova Scotia (NYSE:BNS) by 9,800 shares to 586,600 shares, valued at $47.05 million in 2017Q3, according to the filing. It also increased its holding in Wgl Holdings Inc (NYSE:WGL) by 99,700 shares in the quarter, for a total of 273,900 shares, and has risen its stake in Liberty Global Plc (NASDAQ:LBTYK).

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