SandRidge Permian Trust (PER) Reaches $2.69 52 Week Low; Trexquant Investment LP Has Cut Its Wellcare Health Plans (WCG) Position

November 14, 2017 - By Hazel Jackson

The stock of SandRidge Permian Trust (NYSE:PER) hit a new 52-week low and has $2.61 target or 3.00% below today’s $2.69 share price. The 9 months bearish chart indicates high risk for the $141.38M company. The 1-year low was reported on Nov, 14 by Barchart.com. If the $2.61 price target is reached, the company will be worth $4.24M less. About 73,488 shares traded. SandRidge Permian Trust (NYSE:PER) has risen 25.53% since November 14, 2016 and is uptrending. It has outperformed by 8.83% the S&P500.

Trexquant Investment Lp decreased Wellcare Health Plans Inc (WCG) stake by 84% reported in 2017Q2 SEC filing. Trexquant Investment Lp sold 6,300 shares as Wellcare Health Plans Inc (WCG)’s stock rose 24.26%. The Trexquant Investment Lp holds 1,200 shares with $215,000 value, down from 7,500 last quarter. Wellcare Health Plans Inc now has $8.91 billion valuation. The stock declined 0.81% or $1.63 reaching $200.02 per share. About 110,955 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 80.71% since November 14, 2016 and is uptrending. It has outperformed by 64.01% the S&P500.

Analysts await WellCare Health Plans, Inc. (NYSE:WCG) to report earnings on February, 6. They expect $0.39 EPS, down 62.14% or $0.64 from last year’s $1.03 per share. WCG’s profit will be $17.37 million for 128.22 P/E if the $0.39 EPS becomes a reality. After $4.08 actual EPS reported by WellCare Health Plans, Inc. for the previous quarter, Wall Street now forecasts -90.44% negative EPS growth.

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 10 have Buy rating, 0 Sell and 9 Hold. Therefore 53% are positive. Wellcare Health Plans Inc. had 38 analyst reports since July 23, 2015 according to SRatingsIntel. The rating was maintained by Jefferies with “Hold” on Wednesday, September 20. The firm has “Equal-Weight” rating by Morgan Stanley given on Thursday, November 2. As per Thursday, July 13, the company rating was maintained by Credit Suisse. The stock has “Hold” rating by Wells Fargo on Wednesday, November 1. Bank of America upgraded WellCare Health Plans, Inc. (NYSE:WCG) on Monday, February 22 to “Neutral” rating. Jefferies maintained the shares of WCG in report on Friday, August 18 with “Hold” rating. The stock has “Overweight” rating by JP Morgan on Monday, February 22. MUFG Securities Americas Inc initiated the stock with “Buy” rating in Thursday, September 21 report. Jefferies maintained the stock with “Hold” rating in Wednesday, June 7 report. TheStreet upgraded WellCare Health Plans, Inc. (NYSE:WCG) on Thursday, July 23 to “Buy” rating.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.44, from 1.34 in 2017Q1. It dived, as 27 investors sold WCG shares while 122 reduced holdings. 36 funds opened positions while 98 raised stakes. 42.60 million shares or 0.76% less from 42.93 million shares in 2017Q1 were reported. Texas-based Next Incorporated has invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Columbus Circle holds 344,852 shares. 18 are held by Cwm Ltd Com. Putnam Limited Liability Company reported 95,261 shares stake. Citigroup invested in 0% or 22,751 shares. Clark Management Group Inc Inc, a Pennsylvania-based fund reported 3,597 shares. Teachers Retirement Of The State Of Kentucky holds 0.04% or 16,492 shares in its portfolio. Etrade Mgmt Limited Co holds 0.05% or 7,758 shares in its portfolio. Citadel Advisors Ltd Limited Liability Company holds 5,435 shares. Us Bancorporation De stated it has 0% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Navellier reported 1,525 shares or 0.04% of all its holdings. Bokf Na holds 14,712 shares or 0.08% of its portfolio. Bluemountain Capital Limited Com has 0.17% invested in WellCare Health Plans, Inc. (NYSE:WCG). Advisory Services Net Ltd Company has invested 0.02% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG). Dimensional Fund Advsrs Limited Partnership stated it has 0.05% in WellCare Health Plans, Inc. (NYSE:WCG).

Since May 25, 2017, it had 0 insider purchases, and 3 insider sales for $1.73 million activity. Shares for $350,879 were sold by Weaver Paul E on Monday, June 12. On Wednesday, June 14 the insider Asher Andrew Lynn sold $1.28 million. Meyer Michael Troy sold 600 shares worth $103,116.

Trexquant Investment Lp increased Blackberry Ltd (NASDAQ:BBRY) stake by 111,220 shares to 132,300 valued at $1.32 million in 2017Q2. It also upped T Mobile Us Inc (NYSE:TMUS) stake by 28,000 shares and now owns 32,300 shares. Block H & R Inc (NYSE:HRB) was raised too.

Investors sentiment increased to 0.83 in Q2 2017. Its up 0.53, from 0.3 in 2017Q1. It is positive, as 4 investors sold SandRidge Permian Trust shares while 8 reduced holdings. 6 funds opened positions while 4 raised stakes. 2.05 million shares or 21.75% less from 2.62 million shares in 2017Q1 were reported. Highlander Cap Mgmt owns 2,760 shares or 0.01% of their US portfolio. Creative Planning holds 0% of its portfolio in SandRidge Permian Trust (NYSE:PER) for 7,250 shares. Minnesota-based Us Bank & Trust De has invested 0% in SandRidge Permian Trust (NYSE:PER). Gp One Trading Lp holds 0% of its portfolio in SandRidge Permian Trust (NYSE:PER) for 1,250 shares. Commercial Bank Of America De holds 0% or 5,143 shares. Raymond James Fincl Service has invested 0% in SandRidge Permian Trust (NYSE:PER). Raymond James And Assocs has invested 0% of its portfolio in SandRidge Permian Trust (NYSE:PER). Gsa Cap Partners Ltd Liability Partnership reported 0.01% of its portfolio in SandRidge Permian Trust (NYSE:PER). Citadel Limited Liability has invested 0% of its portfolio in SandRidge Permian Trust (NYSE:PER). 17,260 are owned by Sei Investments Co. Cetera Advisors Ltd Com reported 0% stake. First Midwest Financial Bank Tru Division invested in 11,179 shares or 0% of the stock. American & Management Company holds 0% of its portfolio in SandRidge Permian Trust (NYSE:PER) for 200 shares. Morgan Stanley reported 0% in SandRidge Permian Trust (NYSE:PER). Wells Fargo Mn holds 9,250 shares.

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