Quantbot Technologies LP Boosted Its Cenovus Energy (CVE) Holding; Photronics (PLAB) Shorts Lowered By 16.52%

April 25, 2018 - By Adrian Mccoy

Cenovus Energy Inc. (NYSE:CVE) Logo

Photronics Inc (NASDAQ:PLAB) had a decrease of 16.52% in short interest. PLAB’s SI was 3.30M shares in April as released by FINRA. Its down 16.52% from 3.95 million shares previously. With 446,000 avg volume, 7 days are for Photronics Inc (NASDAQ:PLAB)’s short sellers to cover PLAB’s short positions. The SI to Photronics Inc’s float is 4.88%. It closed at $7.85 lastly. It is down 25.69% since April 25, 2017 and is downtrending. It has underperformed by 37.24% the S&P500.

Quantbot Technologies Lp increased Cenovus Energy Inc (CVE) stake by 1173.01% reported in 2017Q4 SEC filing. Quantbot Technologies Lp acquired 68,445 shares as Cenovus Energy Inc (CVE)’s stock declined 6.72%. The Quantbot Technologies Lp holds 74,280 shares with $678,000 value, up from 5,835 last quarter. Cenovus Energy Inc now has $12.05B valuation. The stock increased 2.58% or $0.245 during the last trading session, reaching $9.745. About 5.38M shares traded or 14.53% up from the average. Cenovus Energy Inc. (NYSE:CVE) has declined 35.61% since April 25, 2017 and is downtrending. It has underperformed by 47.16% the S&P500.

Since December 11, 2017, it had 1 buying transaction, and 9 sales for $4.09 million activity. On Tuesday, January 2 the insider KIRLIN PETER S sold $21,500. Another trade for 6,000 shares valued at $49,590 was sold by FIEDEROWICZ WALTER M. Shares for $8,840 were sold by TYSON MITCHELL G. 110,000 Photronics, Inc. (NASDAQ:PLAB) shares with value of $841,500 were sold by MACRICOSTAS CONSTANTINE S. The insider Burr Richelle E sold 4,000 shares worth $36,000. Another trade for 1,000 shares valued at $8,500 was made by JORDAN JOHN P on Friday, March 23. Progler Christopher J also sold $30,375 worth of Photronics, Inc. (NASDAQ:PLAB) shares.

Photronics, Inc., together with its subsidiaries, makes and sells photomasks in Taiwan, Korea, the United States, Europe, and internationally. The company has market cap of $548.55 million. The firm offers photomasks, which are high precision photographic quartz plates containing microscopic images of electronic circuits for use in the manufacture of semiconductors and flat panel displays , as well as that are used as masters to transfer circuit patterns onto semiconductor wafers and flat panel substrates during the fabrication of integrated circuits, FPDs, and other types of electrical and optical components. It has a 31.53 P/E ratio. It sells its products to semiconductor or FPD designers, manufacturers, and foundries, as well as to other high performance electronics manufacturers through its sales personnel and customer service representatives.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.32, from 1.4 in 2017Q3. It turned negative, as 24 investors sold Photronics, Inc. shares while 50 reduced holdings. 38 funds opened positions while 42 raised stakes. 66.22 million shares or 3.60% more from 63.91 million shares in 2017Q3 were reported. 53,411 are held by Inc. Tudor Inv Et Al reported 11,679 shares. Wedge Cap Management L L P Nc stated it has 1.53 million shares or 0.12% of all its holdings. Assetmark Inc reported 23 shares. Blackrock holds 0% or 8.93 million shares in its portfolio. Sentinel Trust Com Lba accumulated 85,730 shares or 0.15% of the stock. The Minnesota-based Foundry Prtnrs Ltd has invested 0.16% in Photronics, Inc. (NASDAQ:PLAB). Pnc Fincl Grp Inc reported 20,448 shares. Gsa Capital Prns Ltd Liability Partnership owns 157,684 shares. State Teachers Retirement Sys holds 25,591 shares. Mason Street Advsrs Ltd owns 17,930 shares. Axa accumulated 54,600 shares or 0% of the stock. Pacad Ltd stated it has 0% of its portfolio in Photronics, Inc. (NASDAQ:PLAB). Prudential Pcl stated it has 1.36 million shares or 0.04% of all its holdings. Connor Clark And Lunn Invest Management Ltd owns 105,464 shares for 0.01% of their portfolio.

Among 7 analysts covering Photronics (NASDAQ:PLAB), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. Photronics had 10 analyst reports since August 21, 2015 according to SRatingsIntel. The company was downgraded on Friday, November 11 by Stifel Nicolaus. The firm has “Buy” rating by Needham given on Friday, December 4. On Thursday, October 1 the stock rating was initiated by SunTrust with “Buy”. The rating was maintained by Needham on Monday, September 18 with “Hold”. The stock of Photronics, Inc. (NASDAQ:PLAB) earned “Buy” rating by RBC Capital Markets on Thursday, October 1. Suntrust Robinson initiated Photronics, Inc. (NASDAQ:PLAB) rating on Thursday, October 1. Suntrust Robinson has “Buy” rating and $12 target. The firm has “Buy” rating by Needham given on Friday, February 12. The stock of Photronics, Inc. (NASDAQ:PLAB) earned “Hold” rating by Needham on Friday, November 11.

Photronics, Inc. (NASDAQ:PLAB) Institutional Positions Chart

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