As Range Resources (RRC) Share Price Declined, Holder Welch Capital Partners Boosted Its Position; F M C (FMC) Valuation Declined While New Mountain Vantage Advisers Has Trimmed Holding by $19.53 Million

April 19, 2018 - By Richard Conner

FMC Corporation (NYSE:FMC) Logo

Leighton Welch increased its stake in Range Resources Corp (RRC) by 107.6% based on its latest 2017Q4 regulatory filing with the SEC. Welch Capital Partners Llc bought 61,760 shares as the company’s stock declined 13.12% with the market. The hedge fund run by Leighton Welch held 119,160 shares of the oil & gas production company at the end of 2017Q4, valued at $2.03 million, up from 57,400 at the end of the previous reported quarter. Welch Capital Partners Llc who had been investing in Range Resources Corp for a number of months, seems to be bullish on the $3.50 billion market cap company. The stock decreased 2.00% or $0.29 during the last trading session, reaching $14.24. About 5.04 million shares traded. Range Resources Corporation (NYSE:RRC) has declined 48.60% since April 19, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Steven B. Klinsky decreased its stake in F M C Corp (FMC) by 58.65% based on its latest 2017Q4 regulatory filing with the SEC. New Mountain Vantage Advisers Llc sold 207,776 shares as the company’s stock declined 21.14% with the market. The hedge fund run by Steven B. Klinsky held 146,463 shares of the major chemicals company at the end of 2017Q4, valued at $13.86M, down from 354,239 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in F M C Corp for a number of months, seems to be less bullish one the $11.02 billion market cap company. The stock decreased 0.94% or $0.78 during the last trading session, reaching $81.96. About 492,827 shares traded. FMC Corporation (NYSE:FMC) has risen 22.51% since April 19, 2017 and is uptrending. It has outperformed by 10.96% the S&P500.

Analysts await FMC Corporation (NYSE:FMC) to report earnings on May, 2 after the close. They expect $1.63 EPS, up 279.07% or $1.20 from last year’s $0.43 per share. FMC’s profit will be $219.20M for 12.57 P/E if the $1.63 EPS becomes a reality. After $1.10 actual EPS reported by FMC Corporation for the previous quarter, Wall Street now forecasts 48.18% EPS growth.

New Mountain Vantage Advisers Llc, which manages about $2.44 billion and $1.32B US Long portfolio, upped its stake in Lions Gate Entmnt Corp by 57,955 shares to 587,468 shares, valued at $19.86 million in 2017Q4, according to the filing. It also increased its holding in Ares Cap Corp (NASDAQ:ARCC) by 231,046 shares in the quarter, for a total of 820,744 shares, and has risen its stake in First Data Corp New.

Since December 12, 2017, it had 0 insider buys, and 2 selling transactions for $936,904 activity. Pfeiffer Nicholas also sold $33,873 worth of FMC Corporation (NYSE:FMC) shares.

Among 32 analysts covering FMC Tech (NYSE:FMC), 22 have Buy rating, 1 Sell and 9 Hold. Therefore 69% are positive. FMC Tech had 96 analyst reports since July 23, 2015 according to SRatingsIntel. Jefferies maintained the shares of FMC in report on Monday, August 14 with “Buy” rating. The company was maintained on Friday, July 14 by Piper Jaffray. Credit Suisse upgraded the shares of FMC in report on Friday, November 4 to “Outperform” rating. The stock has “Neutral” rating by Citigroup on Monday, November 13. The firm has “Buy” rating given on Wednesday, February 14 by Citigroup. The rating was upgraded by Seaport Global Securities on Monday, October 5 to “Buy”. The stock has “Buy” rating by RBC Capital Markets on Tuesday, February 13. Jefferies upgraded the shares of FMC in report on Thursday, July 23 to “Underperform” rating. BMO Capital Markets initiated FMC Corporation (NYSE:FMC) on Friday, March 18 with “Market Perform” rating. The firm has “Buy” rating given on Friday, October 13 by SunTrust.

Investors sentiment is 1.09 in Q4 2017. Its the same as in 2017Q3. It is the same, as 39 investors sold FMC shares while 153 reduced holdings. only 57 funds opened positions while 153 raised stakes. 119.71 million shares or 1.28% more from 118.19 million shares in 2017Q3 were reported. Advisers Limited Liability stated it has 0% of its portfolio in FMC Corporation (NYSE:FMC). New York-based Renaissance Technology Ltd Llc has invested 0% in FMC Corporation (NYSE:FMC). Creative Planning has invested 0% in FMC Corporation (NYSE:FMC). Oakbrook Ltd Limited Liability Company has invested 0.07% in FMC Corporation (NYSE:FMC). Van Eck Associate holds 0.12% or 256,460 shares. Wells Fargo & Mn has 0.01% invested in FMC Corporation (NYSE:FMC) for 313,794 shares. Suvretta Capital Mgmt Llc owns 6.04% invested in FMC Corporation (NYSE:FMC) for 2.70M shares. Deutsche Savings Bank Ag holds 0.03% of its portfolio in FMC Corporation (NYSE:FMC) for 572,667 shares. Dorsey Wright holds 0.38% or 21,952 shares. Wellington Group Llp accumulated 46,269 shares. 529,510 are held by Newbrook Advisors Lp. Westpac invested in 10,559 shares or 0.02% of the stock. Andra Ap accumulated 44,200 shares. Sumitomo Mitsui Trust Holdg holds 0.06% or 456,886 shares in its portfolio. Rockefeller Financial reported 0% stake.

Since October 26, 2017, it had 1 insider purchase, and 3 insider sales for $228,453 activity. $500,609 worth of Range Resources Corporation (NYSE:RRC) was bought by PALKO STEFFEN E. DUB ANTHONY V sold 2,897 shares worth $46,533. $505,851 worth of Range Resources Corporation (NYSE:RRC) shares were sold by Poole David P.

Among 45 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 19 Hold. Therefore 51% are positive. Range Resources Corp. had 149 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained Range Resources Corporation (NYSE:RRC) rating on Friday, April 28. Piper Jaffray has “Overweight” rating and $49 target. BMO Capital Markets maintained Range Resources Corporation (NYSE:RRC) rating on Tuesday, November 14. BMO Capital Markets has “Buy” rating and $30.0 target. Piper Jaffray maintained it with “Buy” rating and $28.0 target in Wednesday, March 14 report. The firm has “Neutral” rating by Bank of America given on Thursday, January 25. The stock of Range Resources Corporation (NYSE:RRC) earned “Buy” rating by Jefferies on Friday, April 7. The stock of Range Resources Corporation (NYSE:RRC) has “Underweight” rating given on Wednesday, September 28 by Barclays Capital. The company was maintained on Thursday, July 30 by RBC Capital Markets. The stock has “Sector Perform” rating by KeyBanc Capital Markets on Tuesday, April 26. The firm earned “Buy” rating on Friday, June 2 by RBC Capital Markets. The firm earned “Neutral” rating on Monday, March 21 by Macquarie Research.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>