Groesbeck Investment Management Holding in Price T Rowe Group Com (TROW) Lifted by $995,592 as Market Value Rose; As Laredo Petroleum (LPI) Stock Price Declined, Sailingstone Capital Partners Boosted by $12.52 Million Its Position

April 22, 2018 - By Adrian Erickson

Laredo Petroleum, Inc. (NYSE:LPI) Logo

Groesbeck Investment Management Corp increased its stake in Price T Rowe Group Inc Com (TROW) by 50.54% based on its latest 2017Q4 regulatory filing with the SEC. Groesbeck Investment Management Corp bought 9,573 shares as the company’s stock rose 0.82% while stock markets declined. The institutional investor held 28,513 shares of the finance company at the end of 2017Q4, valued at $2.99 million, up from 18,940 at the end of the previous reported quarter. Groesbeck Investment Management Corp who had been investing in Price T Rowe Group Inc Com for a number of months, seems to be bullish on the $26.52B market cap company. The stock decreased 0.36% or $0.39 during the last trading session, reaching $108.44. About 786,566 shares traded. T. Rowe Price Group, Inc. (NASDAQ:TROW) has risen 56.88% since April 22, 2017 and is uptrending. It has outperformed by 45.33% the S&P500.

Sailingstone Capital Partners Llc increased its stake in Laredo Petroleum Inc (LPI) by 3.26% based on its latest 2017Q4 regulatory filing with the SEC. Sailingstone Capital Partners Llc bought 1.25 million shares as the company’s stock declined 18.90% with the market. The institutional investor held 39.63M shares of the energy company at the end of 2017Q4, valued at $420.46M, up from 38.38 million at the end of the previous reported quarter. Sailingstone Capital Partners Llc who had been investing in Laredo Petroleum Inc for a number of months, seems to be bullish on the $2.45B market cap company. The stock increased 0.49% or $0.05 during the last trading session, reaching $10.3. About 2.66 million shares traded. Laredo Petroleum, Inc. (NYSE:LPI) has declined 35.20% since April 22, 2017 and is downtrending. It has underperformed by 46.75% the S&P500.

Among 15 analysts covering T. Rowe Price Group Inc (NASDAQ:TROW), 5 have Buy rating, 2 Sell and 8 Hold. Therefore 33% are positive. T. Rowe Price Group Inc had 80 analyst reports since August 5, 2015 according to SRatingsIntel. Jefferies maintained T. Rowe Price Group, Inc. (NASDAQ:TROW) rating on Wednesday, April 11. Jefferies has “Buy” rating and $12500 target. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, July 5. Jefferies maintained it with “Buy” rating and $96.0 target in Monday, September 25 report. The rating was upgraded by UBS on Thursday, November 10 to “Buy”. The rating was downgraded by Deutsche Bank on Wednesday, July 20 to “Hold”. As per Tuesday, April 10, the company rating was maintained by Keefe Bruyette & Woods. As per Friday, October 27, the company rating was maintained by Citigroup. The stock of T. Rowe Price Group, Inc. (NASDAQ:TROW) earned “Equal-Weight” rating by Morgan Stanley on Thursday, February 22. Bernstein downgraded the shares of TROW in report on Wednesday, August 5 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, March 17 by Deutsche Bank.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.09, from 0.91 in 2017Q3. It increased, as 40 investors sold TROW shares while 253 reduced holdings. 95 funds opened positions while 197 raised stakes. 170.77 million shares or 0.35% less from 171.36 million shares in 2017Q3 were reported. Monetary Mngmt holds 550 shares or 0.02% of its portfolio. Premier Asset Lc accumulated 6,500 shares or 0.15% of the stock. Davenport Co Limited Liability Company has invested 0.01% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Mark Sheptoff Fincl Planning Limited Company reported 0% stake. Cibc Ww Corp reported 0.04% of its portfolio in T. Rowe Price Group, Inc. (NASDAQ:TROW). Boltwood Capital Mgmt owns 3,600 shares or 0.23% of their US portfolio. Girard Limited holds 0.09% or 4,448 shares. Redmond Asset Management Ltd Limited Liability Company reported 17,370 shares. State Treasurer State Of Michigan stated it has 71,061 shares or 0.06% of all its holdings. The New York-based Lazard Asset Mgmt Ltd Liability Co has invested 0% in T. Rowe Price Group, Inc. (NASDAQ:TROW). Moreover, Park Circle has 1.47% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). Jolley Asset Mgmt Llc has 150 shares for 0.01% of their portfolio. Moreover, Grantham Mayo Van Otterloo & Co Ltd has 0.06% invested in T. Rowe Price Group, Inc. (NASDAQ:TROW). State Board Of Administration Of Florida Retirement stated it has 339,622 shares or 0.09% of all its holdings. Apg Asset Mngmt Nv owns 82,785 shares.

Since December 8, 2017, it had 0 buys, and 5 sales for $14.47 million activity. On Monday, December 18 the insider Alderson Christopher D sold $9.46 million. $839,833 worth of T. Rowe Price Group, Inc. (NASDAQ:TROW) shares were sold by MORELAND KENNETH V. HRABOWSKI FREEMAN A III sold $406,356 worth of stock.

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 17 Hold. Therefore 41% are positive. Laredo Petroleum Holdings Inc had 102 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Williams Capital Group with “Hold” on Thursday, January 25. Piper Jaffray maintained the shares of LPI in report on Wednesday, September 6 with “Buy” rating. Bank of America maintained Laredo Petroleum, Inc. (NYSE:LPI) rating on Wednesday, July 19. Bank of America has “Underperform” rating and $11 target. On Monday, March 12 the stock rating was maintained by BMO Capital Markets with “Hold”. The firm has “Reduce” rating by KLR Group given on Thursday, October 15. The rating was upgraded by JP Morgan to “Neutral” on Friday, May 13. Bank of America maintained the stock with “Underperform” rating in Tuesday, August 8 report. Cowen & Co maintained Laredo Petroleum, Inc. (NYSE:LPI) on Wednesday, September 27 with “Hold” rating. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “Buy” rating by Piper Jaffray on Monday, November 20. The company was downgraded on Wednesday, August 12 by Zacks.

Laredo Petroleum, Inc. (NYSE:LPI) Institutional Positions Chart

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