First Washington Trimmed Holding in Range Res (RRC) by $1.37 Million as Share Price Declined; As Credit Suisse Group Ag (CS) Shares Declined, Hansberger Growth Investors LP Has Upped Position

May 25, 2018 - By Richard Conner

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Hansberger Growth Investors Lp increased its stake in Credit Suisse Group Ag (CS) by 33.13% based on its latest 2017Q4 regulatory filing with the SEC. Hansberger Growth Investors Lp bought 48,923 shares as the company’s stock declined 7.85% with the market. The institutional investor held 196,611 shares of the investment bankers and brokers and service company at the end of 2017Q4, valued at $3.51 million, up from 147,688 at the end of the previous reported quarter. Hansberger Growth Investors Lp who had been investing in Credit Suisse Group Ag for a number of months, seems to be bullish on the $41.02 billion market cap company. The stock decreased 0.18% or $0.03 during the last trading session, reaching $16.29. About 1.60 million shares traded. Credit Suisse Group AG (NYSE:CS) has risen 14.88% since May 25, 2017 and is uptrending. It has outperformed by 3.33% the S&P500.

First Washington Corp decreased its stake in Range Res Corp (RRC) by 40.4% based on its latest 2017Q4 regulatory filing with the SEC. First Washington Corp sold 80,440 shares as the company’s stock declined 13.12% with the market. The institutional investor held 118,690 shares of the oil & gas production company at the end of 2017Q4, valued at $2.03 million, down from 199,130 at the end of the previous reported quarter. First Washington Corp who had been investing in Range Res Corp for a number of months, seems to be less bullish one the $3.70 billion market cap company. The stock increased 0.53% or $0.08 during the last trading session, reaching $15.2. About 7.56 million shares traded or 2.04% up from the average. Range Resources Corporation (NYSE:RRC) has declined 48.60% since May 25, 2017 and is downtrending. It has underperformed by 60.15% the S&P500.

Since December 12, 2017, it had 1 buy, and 2 insider sales for $51,775 activity. $46,533 worth of stock was sold by DUB ANTHONY V on Thursday, December 14. Another trade for 34,000 shares valued at $500,609 was bought by PALKO STEFFEN E.

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 154 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of RRC in report on Thursday, October 19 with “Buy” rating. Credit Suisse maintained it with “Outperform” rating and $23 target in Thursday, January 25 report. The firm has “Neutral” rating given on Friday, September 8 by Goldman Sachs. The firm has “Buy” rating by RBC Capital Markets given on Thursday, March 1. The stock has “Overweight” rating by Barclays Capital on Wednesday, October 11. Jefferies maintained the stock with “Buy” rating in Friday, April 7 report. The rating was initiated by Drexel Hamilton with “Buy” on Thursday, February 18. As per Monday, May 2, the company rating was downgraded by KLR Group. The company was upgraded on Monday, February 6 by Nomura. Citigroup maintained it with “Buy” rating and $30 target in Tuesday, August 15 report.

Another recent and important Range Resources Corporation (NYSE:RRC) news was published by Bizjournals.com which published an article titled: “Despite change in voting percentages, Range to continue with methane efforts” on May 24, 2018.

Analysts await Range Resources Corporation (NYSE:RRC) to report earnings on August, 7. They expect $0.12 earnings per share, down 57.14% or $0.16 from last year’s $0.28 per share. RRC’s profit will be $29.21M for 31.67 P/E if the $0.12 EPS becomes a reality. After $0.46 actual earnings per share reported by Range Resources Corporation for the previous quarter, Wall Street now forecasts -73.91% negative EPS growth.

Investors sentiment decreased to 1.08 in Q4 2017. Its down 0.27, from 1.35 in 2017Q3. It worsened, as 51 investors sold RRC shares while 119 reduced holdings. 58 funds opened positions while 125 raised stakes. 230.02 million shares or 7.28% less from 248.08 million shares in 2017Q3 were reported. Nuveen Asset Mngmt Limited Com holds 0.01% of its portfolio in Range Resources Corporation (NYSE:RRC) for 71,300 shares. Warren Averett Asset Management reported 0% of its portfolio in Range Resources Corporation (NYSE:RRC). The Texas-based Employees Retirement Sys Of Texas has invested 0% in Range Resources Corporation (NYSE:RRC). Essex Investment Management Ltd has 65,697 shares. Panagora Asset holds 84,435 shares. Northwestern Mutual Wealth invested 0% in Range Resources Corporation (NYSE:RRC). Virtus Investment Advisers Inc holds 0.01% or 8,377 shares. 57,920 are owned by Shanda Asset Mgmt Holding. Oslo Asset Mgmt As accumulated 675,300 shares. New York State Common Retirement Fund holds 589,000 shares. Morgan Stanley reported 1.41 million shares. Cornerstone Advsrs, a Washington-based fund reported 175 shares. Nebraska-based Farmers And Merchants has invested 0% in Range Resources Corporation (NYSE:RRC). Castleark Mgmt Limited Co has 0.03% invested in Range Resources Corporation (NYSE:RRC) for 59,930 shares. Thomas White owns 228 shares for 0% of their portfolio.

Among 12 analysts covering Credit Suisse Group Ag (NYSE:CS), 9 have Buy rating, 1 Sell and 2 Hold. Therefore 75% are positive. Credit Suisse Group Ag had 24 analyst reports since July 28, 2015 according to SRatingsIntel. UBS upgraded the stock to “Buy” rating in Thursday, May 19 report. Vetr upgraded Credit Suisse Group AG (NYSE:CS) rating on Wednesday, August 26. Vetr has “Hold” rating and $29.30 target. The stock of Credit Suisse Group AG (NYSE:CS) earned “Overweight” rating by Morgan Stanley on Friday, February 17. On Tuesday, July 28 the stock rating was upgraded by TheStreet to “Hold”. The rating was downgraded by Morgan Stanley on Friday, February 5 to “Equal-Weight”. Benchmark maintained the shares of CS in report on Friday, January 22 with “Buy” rating. The company was downgraded on Monday, June 27 by JP Morgan. Bank of America upgraded the stock to “Neutral” rating in Friday, May 20 report. Societe Generale downgraded Credit Suisse Group AG (NYSE:CS) rating on Tuesday, January 9. Societe Generale has “Hold” rating and $18.5 target. Morgan Stanley maintained the stock with “Buy” rating in Tuesday, June 20 report.

More news for Credit Suisse Group AG (NYSE:CS) were recently published by: Seekingalpha.com, which released: “Barclays explores merger with StanChart” on May 23, 2018. Seekingalpha.com‘s article titled: “Wall Street Breakfast: Trade Talk And Fed Minutes” and published on May 23, 2018 is yet another important article.

Hansberger Growth Investors Lp, which manages about $2.32 billion and $75.44M US Long portfolio, decreased its stake in Manulife Financial Corporation (NYSE:MFC) by 21,936 shares to 429,871 shares, valued at $8.97M in 2017Q4, according to the filing.

Range Resources Corporation (NYSE:RRC) Institutional Positions Chart

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