Ctc Has Decreased Netflix (NFLX) Stake by $5.08 Million; Rpc Energy Services (RES) Holder Mitchell Group Lowered Its Holding as Market Valuation Declined

January 13, 2018 - By Dolores Ford

Mitchell Group Inc decreased its stake in Rpc Energy Services (RES) by 22.28% based on its latest 2017Q3 regulatory filing with the SEC. Mitchell Group Inc sold 157,700 shares as the company’s stock declined 3.98% while stock markets rallied. The institutional investor held 550,010 shares of the energy company at the end of 2017Q3, valued at $13.64 million, down from 707,710 at the end of the previous reported quarter. Mitchell Group Inc who had been investing in Rpc Energy Services for a number of months, seems to be less bullish one the $5.32B market cap company. The stock decreased 2.85% or $0.72 during the last trading session, reaching $24.54. About 2.75 million shares traded or 130.67% up from the average. RPC, Inc. (NYSE:RES) has risen 47.61% since January 13, 2017 and is uptrending. It has outperformed by 30.91% the S&P500.

Ctc Llc decreased its stake in Netflix Inc (NFLX) by 50.55% based on its latest 2017Q3 regulatory filing with the SEC. Ctc Llc sold 28,060 shares as the company’s stock rose 10.41% with the market. The institutional investor held 27,445 shares of the consumer services company at the end of 2017Q3, valued at $4.98 million, down from 55,505 at the end of the previous reported quarter. Ctc Llc who had been investing in Netflix Inc for a number of months, seems to be less bullish one the $95.73B market cap company. The stock increased 1.84% or $3.99 during the last trading session, reaching $221.23. About 8.20 million shares traded or 23.53% up from the average. Netflix, Inc. (NASDAQ:NFLX) has risen 75.34% since January 13, 2017 and is uptrending. It has outperformed by 58.64% the S&P500.

Since August 8, 2017, it had 0 buys, and 23 selling transactions for $64.51 million activity. Shares for $132,164 were sold by BARTON RICHARD N on Thursday, December 14. $705,895 worth of Netflix, Inc. (NASDAQ:NFLX) was sold by FRIEDLAND JONATHAN. WELLS DAVID B also sold $187,940 worth of Netflix, Inc. (NASDAQ:NFLX) shares. Another trade for 93,380 shares valued at $15.51M was made by HASTINGS REED on Monday, August 21. The insider HYMAN DAVID A sold $12.61M.

Analysts await Netflix, Inc. (NASDAQ:NFLX) to report earnings on January, 22 after the close. They expect $0.42 EPS, up 180.00% or $0.27 from last year’s $0.15 per share. NFLX’s profit will be $181.75M for 131.68 P/E if the $0.42 EPS becomes a reality. After $0.29 actual EPS reported by Netflix, Inc. for the previous quarter, Wall Street now forecasts 44.83% EPS growth.

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.10, from 1.22 in 2017Q2. It turned negative, as 56 investors sold NFLX shares while 255 reduced holdings. 115 funds opened positions while 233 raised stakes. 356.10 million shares or 3.23% more from 344.96 million shares in 2017Q2 were reported. Lombard Odier Asset Management (Usa) Corp has 85,000 shares. Grimes And Co has invested 0.02% in Netflix, Inc. (NASDAQ:NFLX). Ballentine Prns Ltd accumulated 1,546 shares. Edge Wealth Mgmt Limited Liability Corp holds 0.02% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 399 shares. National Pension Service has 0.36% invested in Netflix, Inc. (NASDAQ:NFLX) for 366,425 shares. Winfield Associates, Ohio-based fund reported 155 shares. 800,000 are held by Darsana Cap Lp. Prudential Financial Inc reported 0.19% stake. Wealthfront has 11,868 shares for 0.03% of their portfolio. Hartford Fincl Mngmt invested 0.05% in Netflix, Inc. (NASDAQ:NFLX). Keybank Natl Association Oh holds 0.01% of its portfolio in Netflix, Inc. (NASDAQ:NFLX) for 11,781 shares. 5,601 are held by Martingale Asset Management L P. Moreover, Bluestein R H & has 2.18% invested in Netflix, Inc. (NASDAQ:NFLX). Liberty Mutual Group Inc Asset Management Inc accumulated 20,162 shares or 0.2% of the stock. Zweig holds 153,333 shares.

Among 55 analysts covering Netflix (NASDAQ:NFLX), 39 have Buy rating, 2 Sell and 14 Hold. Therefore 71% are positive. Netflix had 206 analyst reports since August 4, 2015 according to SRatingsIntel. On Wednesday, July 6 the stock rating was downgraded by Jefferies to “Underperform”. The rating was maintained by Cantor Fitzgerald on Tuesday, June 6 with “Buy”. Macquarie Research upgraded the shares of NFLX in report on Tuesday, January 2 to “Outperform” rating. The firm has “Neutral” rating given on Tuesday, October 18 by UBS. Vetr downgraded it to “Buy” rating and $127.02 target in Monday, August 17 report. The stock has “Market Perform” rating by BMO Capital Markets on Tuesday, October 17. The firm has “Hold” rating given on Tuesday, October 17 by Robert W. Baird. Canaccord Genuity maintained the shares of NFLX in report on Monday, October 9 with “Buy” rating. The stock has “Mkt Perform” rating by FBR Capital on Thursday, January 19. The firm has “Hold” rating given on Monday, September 11 by BMO Capital Markets.

Ctc Llc, which manages about $502.48 billion US Long portfolio, upped its stake in Spdr S&P 500 Etf Tr (SPY) by 296,434 shares to 544,639 shares, valued at $136.83M in 2017Q3, according to the filing.

Mitchell Group Inc, which manages about $1.01B and $633.32M US Long portfolio, upped its stake in Propetro Holding Corp by 129,500 shares to 837,640 shares, valued at $12.02 million in 2017Q3, according to the filing.

Analysts await RPC, Inc. (NYSE:RES) to report earnings on January, 24. They expect $0.33 EPS, up 430.00% or $0.43 from last year’s $-0.1 per share. RES’s profit will be $71.47 million for 18.59 P/E if the $0.33 EPS becomes a reality. After $0.28 actual EPS reported by RPC, Inc. for the previous quarter, Wall Street now forecasts 17.86% EPS growth.

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