Elk Creek Partners Has Lifted Its Holding in Nuvasive (NUVA) as Shares Declined; Fluor (FLR) Holder Energy Opportunities Capital Management Has Upped Its Holding

February 19, 2018 - By Nellie Frank

Energy Opportunities Capital Management Llc increased its stake in Fluor Corp (FLR) by 83.52% based on its latest 2017Q3 regulatory filing with the SEC. Energy Opportunities Capital Management Llc bought 24,649 shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 54,160 shares of the military and government and technical company at the end of 2017Q3, valued at $2.28 million, up from 29,511 at the end of the previous reported quarter. Energy Opportunities Capital Management Llc who had been investing in Fluor Corp for a number of months, seems to be bullish on the $8.06B market cap company. The stock decreased 0.38% or $0.22 during the last trading session, reaching $57.63. About 1.37 million shares traded. Fluor Corporation (NYSE:FLR) has declined 7.15% since February 19, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Elk Creek Partners Llc increased its stake in Nuvasive Inc (NUVA) by 156.56% based on its latest 2017Q3 regulatory filing with the SEC. Elk Creek Partners Llc bought 102,214 shares as the company’s stock declined 4.50% while stock markets rallied. The institutional investor held 167,503 shares of the health care company at the end of 2017Q3, valued at $9.29M, up from 65,289 at the end of the previous reported quarter. Elk Creek Partners Llc who had been investing in Nuvasive Inc for a number of months, seems to be bullish on the $2.46B market cap company. The stock increased 0.44% or $0.21 during the last trading session, reaching $48.21. About 705,521 shares traded. NuVasive, Inc. (NASDAQ:NUVA) has risen 33.31% since February 19, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.

Investors sentiment decreased to 0.81 in Q3 2017. Its down 0.32, from 1.13 in 2017Q2. It turned negative, as 59 investors sold FLR shares while 144 reduced holdings. 35 funds opened positions while 129 raised stakes. 115.07 million shares or 1.01% less from 116.24 million shares in 2017Q2 were reported. Cantab Llp, United Kingdom-based fund reported 1,403 shares. Ing Groep Nv has invested 0.01% of its portfolio in Fluor Corporation (NYSE:FLR). Principal Finance accumulated 208,151 shares or 0.01% of the stock. Banque Pictet And Cie Sa has invested 0.17% of its portfolio in Fluor Corporation (NYSE:FLR). Old Mutual Customised Solutions (Proprietary) Limited holds 0.03% or 4,800 shares. State Of Alaska Department Of Revenue owns 21,464 shares for 0.05% of their portfolio. Alexandria Llc has 3,357 shares for 0.04% of their portfolio. Pacad Invest Ltd has invested 0.02% in Fluor Corporation (NYSE:FLR). Proshare Advsrs Limited Liability Company stated it has 0.02% in Fluor Corporation (NYSE:FLR). Ipswich Inv Mgmt, Massachusetts-based fund reported 23,517 shares. Manufacturers Life Ins The holds 0.03% or 557,298 shares. Nj State Employees Deferred Compensation Plan owns 15,000 shares for 0.11% of their portfolio. Bancorp has invested 0.01% of its portfolio in Fluor Corporation (NYSE:FLR). Fifth Third Comml Bank invested in 0% or 1,325 shares. Farmers Merchants Invs Incorporated reported 0% stake.

Energy Opportunities Capital Management Llc, which manages about $585.78M and $153.74 million US Long portfolio, decreased its stake in Fmsa Hldgs Inc Com by 283,713 shares to 151,665 shares, valued at $725,000 in 2017Q3, according to the filing. It also reduced its holding in Nabors Industries (NYSE:NBR) by 80,575 shares in the quarter, leaving it with 285,180 shares, and cut its stake in Newfield Expl Co Com (NYSE:NFX).

Among 18 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Fluor Corporation had 52 analyst reports since July 31, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of FLR in report on Friday, November 3 with “Neutral” rating. The company was downgraded on Friday, February 19 by FBR Capital. Credit Suisse maintained the stock with “Neutral” rating in Friday, November 3 report. On Friday, July 31 the stock rating was maintained by Cowen & Co with “Outperform”. The rating was upgraded by Canaccord Genuity on Monday, May 8 to “Buy”. M Partners initiated Fluor Corporation (NYSE:FLR) on Wednesday, June 29 with “Neutral” rating. Johnson Rice downgraded the shares of FLR in report on Friday, November 4 to “Hold” rating. The rating was maintained by William Blair with “Outperform” on Friday, August 21. The firm has “Buy” rating given on Monday, July 31 by Canaccord Genuity. The company was upgraded on Wednesday, January 25 by Johnson Rice.

Among 22 analysts covering Nuvasive Inc. (NASDAQ:NUVA), 17 have Buy rating, 0 Sell and 5 Hold. Therefore 77% are positive. Nuvasive Inc. had 65 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of NuVasive, Inc. (NASDAQ:NUVA) has “Overweight” rating given on Friday, May 27 by Barclays Capital. Cowen & Co maintained the stock with “Outperform” rating in Wednesday, April 27 report. As per Monday, September 14, the company rating was initiated by Morgan Stanley. Barclays Capital maintained it with “Overweight” rating and $65 target in Thursday, October 19 report. Canaccord Genuity maintained the stock with “Buy” rating in Friday, July 28 report. The firm has “Buy” rating given on Thursday, June 29 by Jefferies. The firm has “Market Perform” rating by Wells Fargo given on Wednesday, January 17. The firm earned “Buy” rating on Monday, October 16 by Cowen & Co. BMO Capital Markets maintained NuVasive, Inc. (NASDAQ:NUVA) on Thursday, August 31 with “Buy” rating. Piper Jaffray maintained it with “Buy” rating and $90.0 target in Thursday, August 24 report.

Elk Creek Partners Llc, which manages about $800.79M and $1.59B US Long portfolio, decreased its stake in Wingstop Inc by 32,245 shares to 202,076 shares, valued at $6.72M in 2017Q3, according to the filing. It also reduced its holding in Teladoc Inc by 10,943 shares in the quarter, leaving it with 352,879 shares, and cut its stake in Chegg Inc (NYSE:CHGG).

- 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:


>