1832 Asset Management LP Has Trimmed Stantec (STN) Position; PENTANOVA ENERGY COMMON SHARES (PENYF) SI Decreased By 93.67%

March 17, 2018 - By Ruchi Gupta

1832 Asset Management Lp decreased Stantec Inc (STN) stake by 52.94% reported in 2017Q3 SEC filing. 1832 Asset Management Lp sold 2.02M shares as Stantec Inc (STN)’s stock declined 16.73%. The 1832 Asset Management Lp holds 1.79 million shares with $48.41 million value, down from 3.81 million last quarter. Stantec Inc now has $2.94B valuation. The stock increased 0.59% or $0.15 during the last trading session, reaching $25.55. About 9,125 shares traded. Stantec Inc. (NYSE:STN) has declined 7.10% since March 17, 2017 and is downtrending. It has underperformed by 23.80% the S&P500.

PENTANOVA ENERGY CORP COMMON SHARES (OTCMKTS:PENYF) had a decrease of 93.67% in short interest. PENYF’s SI was 4,500 shares in March as released by FINRA. Its down 93.67% from 71,100 shares previously. With 47,700 avg volume, 0 days are for PENTANOVA ENERGY CORP COMMON SHARES (OTCMKTS:PENYF)’s short sellers to cover PENYF’s short positions. It closed at $0.22 lastly. It is up 0.00% since March 17, 2017 and is . It has underperformed by 16.70% the S&P500.

PentaNova Energy Corp. operates as an gas and oil exploration firm in Latin America. The company has market cap of $46.77 million. It holds a portfolio of unexploited assets in Colombia and Argentina. It currently has negative earnings. The firm was formerly known as PMI Resources Ltd. and changed its name to PentaNova Energy Corp. in June 2017.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.31, from 1.36 in 2017Q2. It dived, as 4 investors sold STN shares while 29 reduced holdings. 10 funds opened positions while 35 raised stakes. 61.47 million shares or 4.62% less from 64.45 million shares in 2017Q2 were reported. The Ontario – Canada-based Sentry Investments has invested 0.43% in Stantec Inc. (NYSE:STN). Barclays Public Ltd Com holds 700 shares. Envestnet Asset Inc invested in 89 shares or 0% of the stock. 300 were accumulated by Riverhead Mngmt Ltd Llc. Tobam accumulated 39,400 shares or 0.04% of the stock. Goldman Sachs Group Inc Incorporated reported 98,422 shares. The Manitoba – Canada-based Cardinal Mngmt has invested 0.04% in Stantec Inc. (NYSE:STN). Trexquant Inv LP owns 9,805 shares. Manufacturers Life Insurance The holds 1.44M shares or 0.05% of its portfolio. Kj Harrison Partners Inc holds 45,800 shares. Prudential Public Limited Com stated it has 0% of its portfolio in Stantec Inc. (NYSE:STN). Huntington State Bank holds 0% of its portfolio in Stantec Inc. (NYSE:STN) for 1,472 shares. 16,400 were accumulated by Schroder Mgmt. Franklin Resource reported 5.43M shares. Bank & Trust Of Montreal Can owns 372,945 shares.

Among 6 analysts covering Stantec (NYSE:STN), 3 have Buy rating, 0 Sell and 3 Hold. Therefore 50% are positive. Stantec had 15 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Stantec Inc. (NYSE:STN) earned “Hold” rating by TD Securities on Friday, August 7. The stock of Stantec Inc. (NYSE:STN) earned “Sector Perform” rating by RBC Capital Markets on Friday, November 6. Canaccord Genuity reinitiated Stantec Inc. (NYSE:STN) on Friday, October 2 with “Hold” rating. The firm has “Mkt Perform” rating given on Friday, February 26 by Raymond James. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 7 report. The firm has “Sector Perform” rating given on Wednesday, July 22 by RBC Capital Markets. As per Thursday, April 14, the company rating was downgraded by DA Davidson. Scotia Capital maintained Stantec Inc. (NYSE:STN) rating on Friday, August 7. Scotia Capital has “Outperform” rating and $37 target. The firm has “Buy” rating by Desjardins Securities given on Friday, May 12. The firm earned “Outperform” rating on Friday, May 13 by Raymond James.

Analysts await Stantec Inc. (NYSE:STN) to report earnings on May, 10. They expect $0.35 EPS, up 16.67% or $0.05 from last year’s $0.3 per share. STN’s profit will be $40.21 million for 18.25 P/E if the $0.35 EPS becomes a reality. After $0.25 actual EPS reported by Stantec Inc. for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

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