Contrarian Capital Management Has Lowered Abercrombie & Fitch Co (ANF) Stake by $2.36 Million; Stock Price Rose; As Schlumberger LTD (SLB) Stock Value Declined, Flippin Bruce & Porter Increased Position by $5.38 Million

April 20, 2018 - By whatsonthorold

Abercrombie & Fitch Co. (NYSE:ANF) Logo

Flippin Bruce & Porter Inc increased its stake in Schlumberger Ltd (SLB) by 113.29% based on its latest 2017Q4 regulatory filing with the SEC. Flippin Bruce & Porter Inc bought 80,294 shares as the company’s stock declined 4.39% with the market. The institutional investor held 151,169 shares of the oilfield services and equipment company at the end of 2017Q4, valued at $10.19 million, up from 70,875 at the end of the previous reported quarter. Flippin Bruce & Porter Inc who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $97.41B market cap company. The stock decreased 0.09% or $0.06 during the last trading session, reaching $70.28. About 7.18M shares traded. Schlumberger Limited (NYSE:SLB) has declined 16.28% since April 20, 2017 and is downtrending. It has underperformed by 27.83% the S&P500.

Jon Bauer decreased its stake in Abercrombie & Fitch Co (ANF) by 79.17% based on its latest 2017Q4 regulatory filing with the SEC. Contrarian Capital Management Llc sold 138,617 shares as the company’s stock rose 29.69% while stock markets declined. The hedge fund run by Jon Bauer held 36,464 shares of the clothing and shoe and accessory stores company at the end of 2017Q4, valued at $636,000, down from 175,081 at the end of the previous reported quarter. Contrarian Capital Management Llc who had been investing in Abercrombie & Fitch Co for a number of months, seems to be less bullish one the $1.87 billion market cap company. The stock decreased 2.66% or $0.75 during the last trading session, reaching $27.45. About 3.49M shares traded or 16.77% up from the average. Abercrombie & Fitch Co. (NYSE:ANF) has risen 103.89% since April 20, 2017 and is uptrending. It has outperformed by 92.34% the S&P500.

Analysts await Abercrombie & Fitch Co. (NYSE:ANF) to report earnings on May, 24. They expect $-0.81 EPS, down 12.50% or $0.09 from last year’s $-0.72 per share. After $1.38 actual EPS reported by Abercrombie & Fitch Co. for the previous quarter, Wall Street now forecasts -158.70% negative EPS growth.

Among 32 analysts covering Abercrombie & Fitch Co. (NYSE:ANF), 7 have Buy rating, 9 Sell and 16 Hold. Therefore 22% are positive. Abercrombie & Fitch Co. had 120 analyst reports since August 7, 2015 according to SRatingsIntel. The stock has “Buy” rating by Jefferies on Tuesday, March 22. Jefferies downgraded Abercrombie & Fitch Co. (NYSE:ANF) on Tuesday, January 3 to “Hold” rating. As per Monday, June 12, the company rating was maintained by RBC Capital Markets. KeyBanc Capital Markets downgraded the shares of ANF in report on Thursday, October 6 to “Sector Weight” rating. RBC Capital Markets maintained Abercrombie & Fitch Co. (NYSE:ANF) rating on Tuesday, January 23. RBC Capital Markets has “Hold” rating and $24.0 target. On Friday, August 25 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The stock has “Peer Perform” rating by Wolfe Research on Monday, November 14. Mizuho maintained Abercrombie & Fitch Co. (NYSE:ANF) rating on Tuesday, August 30. Mizuho has “Neutral” rating and $20 target. On Wednesday, May 10 the stock rating was downgraded by Standpoint Research to “Reduce”. On Thursday, March 8 the stock rating was maintained by BMO Capital Markets with “Market Perform”.

Since March 8, 2018, it had 0 buys, and 1 sale for $474,400 activity.

Contrarian Capital Management Llc, which manages about $4.20B and $1.02 billion US Long portfolio, upped its stake in Peabody Energy Corp New by 4.49 million shares to 4.89 million shares, valued at $192.65 million in 2017Q4, according to the filing. It also increased its holding in Ternium Sa (NYSE:TX) by 830,592 shares in the quarter, for a total of 2.00M shares, and has risen its stake in Gol Linhas Aereas Intlg S A.

Investors sentiment decreased to 1.23 in Q4 2017. Its down 0.01, from 1.24 in 2017Q3. It dropped, as 26 investors sold ANF shares while 61 reduced holdings. 53 funds opened positions while 54 raised stakes. 69.17 million shares or 4.27% more from 66.34 million shares in 2017Q3 were reported. Stifel Fincl owns 13,307 shares for 0% of their portfolio. Savings Bank Of Ny Mellon Corp holds 0.01% or 1.26M shares in its portfolio. The New York-based Pinebridge Invests Limited Partnership has invested 0.05% in Abercrombie & Fitch Co. (NYSE:ANF). C M Bidwell & Associates Ltd reported 4,550 shares. Citadel Advsr Ltd Llc holds 1.72 million shares. California State Teachers Retirement Sys invested in 122,481 shares. Omers Administration reported 172,300 shares stake. 5.75 million are owned by Dimensional Fund Advisors Lp. Cubist Systematic Strategies Ltd Liability invested in 0.07% or 74,950 shares. Credit Suisse Ag has invested 0% of its portfolio in Abercrombie & Fitch Co. (NYSE:ANF). D E Shaw And Comm invested in 805,997 shares or 0.02% of the stock. Ledyard Bancorporation holds 0% or 1,210 shares. Jefferies Ltd Com invested in 69,084 shares or 0.01% of the stock. Parametric Port Associates Lc has invested 0.02% in Abercrombie & Fitch Co. (NYSE:ANF). 3,598 are owned by Zurcher Kantonalbank (Zurich Cantonalbank).

Since October 24, 2017, it had 3 insider buys, and 3 sales for $6.93 million activity. AYAT SIMON sold 75,000 shares worth $5.91M. Schorn Patrick also bought $323,950 worth of Schlumberger Limited (NYSE:SLB) on Monday, March 26. $1.96 million worth of Schlumberger Limited (NYSE:SLB) was sold by Guild Howard on Monday, January 22. Al Mogharbel Khaled also bought $192,900 worth of Schlumberger Limited (NYSE:SLB) shares. $646,800 worth of Schlumberger Limited (NYSE:SLB) was bought by KIBSGAARD PAAL on Monday, March 26.

Investors sentiment decreased to 0.66 in Q4 2017. Its down 0.22, from 0.88 in 2017Q3. It worsened, as 90 investors sold SLB shares while 672 reduced holdings. 140 funds opened positions while 365 raised stakes. 1.05 billion shares or 11.89% less from 1.20 billion shares in 2017Q3 were reported. Argyle Capital Mngmt Inc holds 0.96% in Schlumberger Limited (NYSE:SLB) or 37,900 shares. Pinnacle Assocs Ltd owns 237,711 shares for 0.31% of their portfolio. Andra Ap, a Alabama-based fund reported 98,300 shares. Tower Bridge Advsr invested in 96,972 shares. Utd Asset Strategies owns 26,575 shares. Badgley Phelps & Bell Inc holds 80,971 shares. Geode Cap Ltd Llc holds 14.13 million shares or 0.32% of its portfolio. Legal & General Gru Public Ltd Liability Company has 0.34% invested in Schlumberger Limited (NYSE:SLB) for 7.02 million shares. The Nebraska-based Nelson Van Denburg Campbell Wealth Limited Company has invested 0.46% in Schlumberger Limited (NYSE:SLB). Moreover, Dc Capital Advsr Ltd has 7.22% invested in Schlumberger Limited (NYSE:SLB). Sit Assoc holds 18,450 shares. Academy Mgmt Tx holds 2.11% or 113,481 shares. The -based Farr Miller And Washington Ltd Liability Com Dc has invested 1.7% in Schlumberger Limited (NYSE:SLB). Oakwood Cap Mgmt Limited Ca has invested 0.67% in Schlumberger Limited (NYSE:SLB). Adams Natural Resources Fund holds 5.3% of its portfolio in Schlumberger Limited (NYSE:SLB) for 525,400 shares.

Flippin Bruce & Porter Inc, which manages about $395.97M and $470.53 million US Long portfolio, decreased its stake in Bank Of America Corp (NYSE:BAC) by 12,142 shares to 214,298 shares, valued at $6.33 million in 2017Q4, according to the filing. It also reduced its holding in Jpmorgan Chase (NYSE:JPM) by 7,147 shares in the quarter, leaving it with 173,409 shares, and cut its stake in Cisco Systems Inc (NASDAQ:CSCO).

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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