As U S Silica Hldgs (SLCA) Stock Value Declined, Holder Bluecrest Capital Management LTD Has Trimmed Its Position; Penn Mutual Life Insurance Company Has Trimmed Annaly Capital Management (NLY) Holding by $2.90 Million; Market Valuation Rose

December 17, 2017 - By Peter Erickson

Penn Mutual Life Insurance Company decreased its stake in Annaly Capital Management Inc (NLY) by 23.43% based on its latest 2017Q2 regulatory filing with the SEC. Penn Mutual Life Insurance Company sold 242,000 shares as the company’s stock rose 6.28% with the market. The institutional investor held 791,000 shares of the real estate investment trusts company at the end of 2017Q2, valued at $9.54 million, down from 1.03M at the end of the previous reported quarter. Penn Mutual Life Insurance Company who had been investing in Annaly Capital Management Inc for a number of months, seems to be less bullish one the $14.19 billion market cap company. The stock increased 0.66% or $0.08 during the last trading session, reaching $12.24. About 14.84 million shares traded or 52.19% up from the average. Annaly Capital Management, Inc. (NYSE:NLY) has risen 6.73% since December 17, 2016 and is uptrending. It has underperformed by 9.97% the S&P500.

Bluecrest Capital Management Ltd decreased its stake in U S Silica Hldgs Inc (SLCA) by 30.72% based on its latest 2017Q2 regulatory filing with the SEC. Bluecrest Capital Management Ltd sold 59,214 shares as the company’s stock declined 29.01% while stock markets rallied. The institutional investor held 133,551 shares of the basic industries company at the end of 2017Q2, valued at $4.74M, down from 192,765 at the end of the previous reported quarter. Bluecrest Capital Management Ltd who had been investing in U S Silica Hldgs Inc for a number of months, seems to be less bullish one the $2.75B market cap company. The stock decreased 1.83% or $0.63 during the last trading session, reaching $33.82. About 4.45 million shares traded or 101.81% up from the average. U.S. Silica Holdings, Inc. (NYSE:SLCA) has risen 57.03% since December 17, 2016 and is uptrending. It has outperformed by 40.33% the S&P500.

Among 25 analysts covering U.S. Silica (NYSE:SLCA), 22 have Buy rating, 1 Sell and 2 Hold. Therefore 88% are positive. U.S. Silica had 81 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Thursday, April 28. The rating was downgraded by RBC Capital Markets on Friday, September 18 to “Sector Perform”. The stock has “Buy” rating by Piper Jaffray on Sunday, August 6. The stock has “Overweight” rating by KeyBanc Capital Markets on Thursday, October 5. The firm has “Outperform” rating by Credit Suisse given on Monday, December 21. The firm earned “Underperform” rating on Friday, September 11 by Jefferies. The stock of U.S. Silica Holdings, Inc. (NYSE:SLCA) earned “Buy” rating by Suntrust Robinson on Wednesday, January 18. On Wednesday, October 28 the stock rating was upgraded by Guggenheim to “Buy”. Cowen & Co maintained the stock with “Outperform” rating in Thursday, October 29 report. RBC Capital Markets maintained the stock with “Buy” rating in Monday, May 29 report.

Bluecrest Capital Management Ltd, which manages about $2.58 billion US Long portfolio, upped its stake in Akorn Inc (NASDAQ:AKRX) by 11,751 shares to 23,973 shares, valued at $804,000 in 2017Q2, according to the filing. It also increased its holding in Citrix Sys Inc (NASDAQ:CTXS) by 29,199 shares in the quarter, for a total of 35,099 shares, and has risen its stake in Microchip Technology Inc (Prn).

Analysts await U.S. Silica Holdings, Inc. (NYSE:SLCA) to report earnings on February, 28. They expect $0.57 earnings per share, up 733.33% or $0.66 from last year’s $-0.09 per share. SLCA’s profit will be $46.30 million for 14.83 P/E if the $0.57 EPS becomes a reality. After $0.53 actual earnings per share reported by U.S. Silica Holdings, Inc. for the previous quarter, Wall Street now forecasts 7.55% EPS growth.

Analysts await Annaly Capital Management, Inc. (NYSE:NLY) to report earnings on February, 21. They expect $0.29 earnings per share, down 3.33% or $0.01 from last year’s $0.3 per share. NLY’s profit will be $336.27 million for 10.55 P/E if the $0.29 EPS becomes a reality. After $0.30 actual earnings per share reported by Annaly Capital Management, Inc. for the previous quarter, Wall Street now forecasts -3.33% negative EPS growth.

Penn Mutual Life Insurance Company, which manages about $113.80 million US Long portfolio, upped its stake in New Residental Investment (NYSE:NRZ) by 257,000 shares to 637,000 shares, valued at $9.91 million in 2017Q2, according to the filing.

Among 10 analysts covering Annaly Capital Management Inc (NYSE:NLY), 1 have Buy rating, 2 Sell and 7 Hold. Therefore 10% are positive. Annaly Capital Management Inc had 24 analyst reports since August 6, 2015 according to SRatingsIntel. The company was downgraded on Tuesday, December 20 by FBR Capital. FBR Capital upgraded it to “Mkt Perform” rating and $11 target in Friday, October 9 report. Nomura upgraded the stock to “Buy” rating in Wednesday, August 12 report. The firm has “Hold” rating given on Friday, August 12 by Deutsche Bank. The firm has “Hold” rating by Deutsche Bank given on Thursday, February 25. On Thursday, August 13 the stock rating was upgraded by Compass Point to “Buy”. Compass Point downgraded Annaly Capital Management, Inc. (NYSE:NLY) rating on Wednesday, June 15. Compass Point has “Sell” rating and $10.50 target. Keefe Bruyette & Woods maintained the shares of NLY in report on Tuesday, September 12 with “Hold” rating. Wood maintained Annaly Capital Management, Inc. (NYSE:NLY) on Sunday, August 16 with “Hold” rating. The stock of Annaly Capital Management, Inc. (NYSE:NLY) earned “Market Perform” rating by Wood on Friday, August 14.

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