As Essent Group LTD (ESNT) Share Price Rose, Grantham Mayo Van Otterloo & Co Decreased Stake by $3.81 Million; Fortress Investment Group Ll (FIG) Market Valuation Declined While Nine Masts Capital LTD Cut Position by $1.60 Million

January 14, 2018 - By Marie Mckinney

Grantham Mayo Van Otterloo & Co Llc decreased its stake in Essent Group Ltd (ESNT) by 86.95% based on its latest 2017Q3 regulatory filing with the SEC. Grantham Mayo Van Otterloo & Co Llc sold 95,246 shares as the company’s stock rose 0.42% with the market. The institutional investor held 14,300 shares of the property-casualty insurers company at the end of 2017Q3, valued at $579,000, down from 109,546 at the end of the previous reported quarter. Grantham Mayo Van Otterloo & Co Llc who had been investing in Essent Group Ltd for a number of months, seems to be less bullish one the $4.73B market cap company. The stock increased 0.50% or $0.24 during the last trading session, reaching $48.08. About 623,158 shares traded. Essent Group Ltd. (NYSE:ESNT) has risen 81.69% since January 14, 2017 and is uptrending. It has outperformed by 64.99% the S&P500.

Chao Ku decreased its stake in Fortress Investment Group Ll (FIG) by 22.71% based on its latest 2017Q3 regulatory filing with the SEC. Nine Masts Capital Ltd sold 228,148 shares as the company’s stock declined 0.63% while stock markets rallied. The hedge fund run by Chao Ku held 776,582 shares of the investment managers company at the end of 2017Q3, valued at $6.19 million, down from 1.00M at the end of the previous reported quarter. Nine Masts Capital Ltd who had been investing in Fortress Investment Group Ll for a number of months, seems to be less bullish one the $3.05B market cap company. It closed at $7.85 lastly. It is down 64.73% since January 14, 2017 and is uptrending. It has outperformed by 48.03% the S&P500.

Analysts await Essent Group Ltd. (NYSE:ESNT) to report earnings on February, 9. They expect $0.78 earnings per share, up 14.71% or $0.10 from last year’s $0.68 per share. ESNT’s profit will be $76.78M for 15.41 P/E if the $0.78 EPS becomes a reality. After $0.82 actual earnings per share reported by Essent Group Ltd. for the previous quarter, Wall Street now forecasts -4.88% negative EPS growth.

Investors sentiment increased to 1.75 in Q3 2017. Its up 0.39, from 1.36 in 2017Q2. It improved, as 19 investors sold ESNT shares while 58 reduced holdings. 44 funds opened positions while 91 raised stakes. 83.02 million shares or 4.73% more from 79.27 million shares in 2017Q2 were reported. Alliancebernstein LP reported 3.43M shares. Next Century Growth Ltd Liability Com has invested 0.06% in Essent Group Ltd. (NYSE:ESNT). Stanley holds 0.21% or 19,227 shares. Us Bankshares De invested 0% of its portfolio in Essent Group Ltd. (NYSE:ESNT). Strs Ohio holds 37,900 shares. Robeco Institutional Asset Mngmt Bv reported 1.21M shares. Prelude Capital Management Ltd Com has 3,000 shares for 0.01% of their portfolio. State Street owns 2.33M shares. Hutchin Hill Cap Lp holds 0.06% or 39,400 shares in its portfolio. Alps Advsr Inc holds 0% or 12,061 shares in its portfolio. Baltimore has invested 0.94% in Essent Group Ltd. (NYSE:ESNT). Origin Asset Management Ltd Liability Partnership invested in 0.02% or 8,077 shares. Assetmark holds 589 shares. Los Angeles Mngmt Equity Rech has 85,036 shares for 0.02% of their portfolio. Highbridge Lc invested in 184,219 shares or 0.11% of the stock.

Among 12 analysts covering Essent Group (NYSE:ESNT), 11 have Buy rating, 0 Sell and 1 Hold. Therefore 92% are positive. Essent Group had 40 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was maintained by Barclays Capital on Monday, May 8 with “Overweight”. Keefe Bruyette & Woods maintained it with “Buy” rating and $51.0 target in Thursday, November 9 report. The stock has “Neutral” rating by Compass Point on Tuesday, February 16. On Friday, November 10 the stock rating was maintained by Barclays Capital with “Overweight”. Compass Point maintained Essent Group Ltd. (NYSE:ESNT) on Friday, August 5 with “Neutral” rating. BTIG Research upgraded Essent Group Ltd. (NYSE:ESNT) rating on Tuesday, September 12. BTIG Research has “Buy” rating and $44 target. The stock has “Outperform” rating by Wood on Wednesday, August 23. BTIG Research maintained Essent Group Ltd. (NYSE:ESNT) on Wednesday, December 20 with “Buy” rating. The firm has “Hold” rating by Deutsche Bank given on Friday, November 3. Keefe Bruyette & Woods downgraded Essent Group Ltd. (NYSE:ESNT) on Friday, August 5 to “Market Perform” rating.

Grantham Mayo Van Otterloo & Co Llc, which manages about $17.10B US Long portfolio, upped its stake in Sina Corp (NASDAQ:SINA) by 180,700 shares to 186,400 shares, valued at $21.37M in 2017Q3, according to the filing. It also increased its holding in Us Bancorp Del (NYSE:USB) by 948,553 shares in the quarter, for a total of 3.44 million shares, and has risen its stake in Monsanto Co New (NYSE:MON).

Since August 4, 2017, it had 0 insider buys, and 9 insider sales for $1.53 million activity. MCALEE LAWRENCE E JR also sold $315,070 worth of Essent Group Ltd. (NYSE:ESNT) shares. Gibbons Mary Lourdes also sold $188,784 worth of Essent Group Ltd. (NYSE:ESNT) on Monday, August 7.

Analysts await Fortress Investment Group LLC (NYSE:FIG) to report earnings on February, 27. They expect $0.27 EPS, 0.00% or $0.00 from last year’s $0.27 per share. FIG’s profit will be $104.94 million for 7.27 P/E if the $0.27 EPS becomes a reality. After $0.73 actual EPS reported by Fortress Investment Group LLC for the previous quarter, Wall Street now forecasts -63.01% negative EPS growth.

Nine Masts Capital Ltd, which manages about $674.93 million US Long portfolio, upped its stake in Nvidia Corp (NASDAQ:NVDA) by 11,293 shares to 11,993 shares, valued at $2.14M in 2017Q3, according to the filing. It also increased its holding in Amgen Inc (NASDAQ:AMGN) by 2,852 shares in the quarter, for a total of 3,252 shares, and has risen its stake in Biogen Inc (NASDAQ:BIIB).

Among 6 analysts covering Fortress Investment Group Llc (NYSE:FIG), 1 have Buy rating, 0 Sell and 5 Hold. Therefore 17% are positive. Fortress Investment Group Llc had 18 analyst reports since October 7, 2015 according to SRatingsIntel. The stock of Fortress Investment Group LLC (NYSE:FIG) earned “Hold” rating by Jefferies on Thursday, November 2. The firm has “Hold” rating given on Thursday, August 3 by Keefe Bruyette & Woods. As per Monday, July 11, the company rating was downgraded by Wood. The stock of Fortress Investment Group LLC (NYSE:FIG) has “Hold” rating given on Thursday, November 9 by Keefe Bruyette & Woods. The stock of Fortress Investment Group LLC (NYSE:FIG) earned “Mkt Perform” rating by JMP Securities on Wednesday, March 8. The firm has “Hold” rating given on Monday, September 25 by Jefferies. The firm has “Hold” rating by Jefferies given on Wednesday, August 2. On Thursday, February 25 the stock rating was maintained by RBC Capital Markets with “Outperform”. The company was maintained on Wednesday, June 28 by Jefferies. Credit Suisse reinitiated the shares of FIG in report on Wednesday, December 9 with “Neutral” rating.

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