Elm Ridge Management Has Upped Denbury Res (DNR) Position by $3.86 Million as Market Value Declined; As Ctrip Com Intl LTD (CTRP) Stock Value Rose, Shareholder Sands Capital Management Has Lifted Its Stake

February 16, 2018 - By mmahotstuff

Sands Capital Management Llc increased its stake in Ctrip Com Intl Ltd (CTRP) by 26.31% based on its latest 2017Q3 regulatory filing with the SEC. Sands Capital Management Llc bought 356,100 shares as the company’s stock rose 23.06% with the market. The institutional investor held 1.71 million shares of the miscellaneous company at the end of 2017Q3, valued at $90.17M, up from 1.35M at the end of the previous reported quarter. Sands Capital Management Llc who had been investing in Ctrip Com Intl Ltd for a number of months, seems to be bullish on the $24.50 billion market cap company. The stock increased 1.08% or $0.5 during the last trading session, reaching $46.78. About 2.21 million shares traded. Ctrip.com International, Ltd. (NASDAQ:CTRP) has risen 31.59% since February 16, 2017 and is uptrending. It has outperformed by 14.89% the S&P500.

Ron Gutfleish increased its stake in Denbury Res Inc (DNR) by 428.88% based on its latest 2017Q3 regulatory filing with the SEC. Elm Ridge Management Llc bought 3.86M shares as the company’s stock declined 45.31% while stock markets rallied. The hedge fund run by Ron Gutfleish held 4.76M shares of the oil & gas production company at the end of 2017Q3, valued at $6.38M, up from 900,000 at the end of the previous reported quarter. Elm Ridge Management Llc who had been investing in Denbury Res Inc for a number of months, seems to be bullish on the $886.73M market cap company. The stock increased 5.12% or $0.11 during the last trading session, reaching $2.26. About 8.30M shares traded. Denbury Resources Inc. (NYSE:DNR) has declined 56.25% since February 16, 2017 and is downtrending. It has underperformed by 72.95% the S&P500.

Elm Ridge Management Llc, which manages about $1.38B and $237.62M US Long portfolio, decreased its stake in American Intl Group Inc (NYSE:AIG) by 34,618 shares to 171,869 shares, valued at $10.55 million in 2017Q3, according to the filing. It also reduced its holding in Alcoa Corp by 58,121 shares in the quarter, leaving it with 288,685 shares, and cut its stake in Hertz Global Hldgs Inc.

Among 12 analysts covering Denbury Resources Inc. (NYSE:DNR), 1 have Buy rating, 3 Sell and 8 Hold. Therefore 8% are positive. Denbury Resources Inc. had 38 analyst reports since July 22, 2015 according to SRatingsIntel. BMO Capital Markets maintained it with “Hold” rating and $2.0 target in Thursday, November 9 report. The firm earned “Hold” rating on Monday, February 22 by Johnson Rice. The stock of Denbury Resources Inc. (NYSE:DNR) has “Hold” rating given on Tuesday, October 10 by BMO Capital Markets. The firm has “Hold” rating given on Wednesday, December 20 by RBC Capital Markets. The firm has “Underperform” rating by Credit Suisse given on Tuesday, September 8. RBC Capital Markets maintained it with “Hold” rating and $1.5 target in Thursday, August 24 report. The company was downgraded on Wednesday, August 10 by Barclays Capital. Mizuho initiated it with “Neutral” rating and $3 target in Thursday, October 6 report. The rating was maintained by KeyBanc Capital Markets on Monday, November 13 with “Hold”. Stifel Nicolaus maintained Denbury Resources Inc. (NYSE:DNR) on Thursday, July 13 with “Hold” rating.

Investors sentiment increased to 1.11 in Q3 2017. Its up 0.31, from 0.8 in 2017Q2. It increased, as 19 investors sold DNR shares while 53 reduced holdings. 29 funds opened positions while 51 raised stakes. 321.52 million shares or 7.26% less from 346.71 million shares in 2017Q2 were reported. Quantitative Invest Mngmt Ltd Llc reported 0% stake. Nationwide Fund Advsrs has 1.13M shares for 0.01% of their portfolio. Soros Fund Management Ltd Liability reported 2.00M shares or 0.06% of all its holdings. Cap Research has 33.93M shares. Creative Planning holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 178,338 shares. Goodman stated it has 0.01% of its portfolio in Denbury Resources Inc. (NYSE:DNR). Vanguard Group owns 45.07 million shares. Kennedy Mgmt Incorporated has invested 0% in Denbury Resources Inc. (NYSE:DNR). Matarin Capital Llc holds 0.01% or 121,509 shares. Ubs Asset Mgmt Americas holds 0% of its portfolio in Denbury Resources Inc. (NYSE:DNR) for 525,757 shares. Wells Fargo And Mn has 0% invested in Denbury Resources Inc. (NYSE:DNR). Barrow Hanley Mewhinney & Strauss Limited Liability has 0% invested in Denbury Resources Inc. (NYSE:DNR) for 1.14 million shares. First Quadrant LP Ca owns 21,100 shares for 0% of their portfolio. Commonwealth Financial Bank Of reported 32,000 shares stake. Rafferty Asset Mngmt Lc invested in 0.02% or 688,178 shares.

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