As Eqt (EQT) Market Valuation Declined, Shareholder South Dakota Investment Council Decreased by $377,000 Its Stake; Shareholder A-R-T- Advisors Has Raised Facebook (FB) Position

February 21, 2018 - By Linda Rogers

A-R-T- Advisors Llc increased its stake in Facebook Inc (FB) by 1110.23% based on its latest 2017Q3 regulatory filing with the SEC. A-R-T- Advisors Llc bought 97,700 shares as the company’s stock rose 10.88% with the market. The hedge fund held 106,500 shares of the technology company at the end of 2017Q3, valued at $18.20M, up from 8,800 at the end of the previous reported quarter. A-R-T- Advisors Llc who had been investing in Facebook Inc for a number of months, seems to be bullish on the $522.78B market cap company. The stock increased 2.24% or $3.95 during the last trading session, reaching $179.96. About 13.52 million shares traded. Facebook, Inc. (NASDAQ:FB) has risen 26.75% since February 21, 2017 and is uptrending. It has outperformed by 10.05% the S&P500.

South Dakota Investment Council decreased its stake in Eqt Corp (EQT) by 50.43% based on its latest 2017Q3 regulatory filing with the SEC. South Dakota Investment Council sold 5,800 shares as the company’s stock declined 9.10% while stock markets rallied. The institutional investor held 5,700 shares of the oil & gas production company at the end of 2017Q3, valued at $372,000, down from 11,500 at the end of the previous reported quarter. South Dakota Investment Council who had been investing in Eqt Corp for a number of months, seems to be less bullish one the $13.49 billion market cap company. The stock decreased 0.80% or $0.41 during the last trading session, reaching $50.99. About 3.29M shares traded. EQT Corporation (NYSE:EQT) has declined 18.61% since February 21, 2017 and is downtrending. It has underperformed by 35.31% the S&P500.

Among 54 analysts covering Facebook (NASDAQ:FB), 50 have Buy rating, 2 Sell and 2 Hold. Therefore 93% are positive. Facebook had 236 analyst reports since July 21, 2015 according to SRatingsIntel. As per Thursday, April 28, the company rating was maintained by RBC Capital Markets. Suntrust Robinson maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, April 28. Suntrust Robinson has “Buy” rating and $135 target. The firm has “Market Perform” rating by BMO Capital Markets given on Thursday, November 3. As per Friday, July 21, the company rating was maintained by Goldman Sachs. The firm has “Buy” rating by RBC Capital Markets given on Friday, January 12. On Thursday, November 2 the stock rating was maintained by J.P. Morgan with “Buy”. The rating was maintained by Credit Suisse with “Buy” on Thursday, February 1. M Partners maintained the stock with “Buy” rating in Friday, May 13 report. Pivotal Research maintained Facebook, Inc. (NASDAQ:FB) rating on Thursday, July 27. Pivotal Research has “Hold” rating and $14000 target. The rating was maintained by BMO Capital Markets with “Hold” on Monday, September 11.

A-R-T- Advisors Llc, which manages about $4.41B and $1.96 billion US Long portfolio, decreased its stake in Comerica Inc (NYSE:CMA) by 5,140 shares to 56,005 shares, valued at $4.27 million in 2017Q3, according to the filing. It also reduced its holding in Pjt Partners Inc by 8,100 shares in the quarter, leaving it with 15,871 shares, and cut its stake in Southwest Gas Holdings Inc (NYSE:SWX).

Since August 21, 2017, it had 0 insider purchases, and 32 insider sales for $470.07 million activity. On Tuesday, October 3 the insider Stretch Colin sold $127,573. Cox Christopher K also sold $2.80M worth of Facebook, Inc. (NASDAQ:FB) on Monday, October 23. Zuckerberg Mark had sold 220,000 shares worth $39.03 million. FISCHER DAVID B. also sold $1.05M worth of Facebook, Inc. (NASDAQ:FB) shares. 15,470 shares valued at $2.59 million were sold by Wehner David M. on Monday, August 21. Another trade for 640,754 shares valued at $109.70M was made by Koum Jan on Wednesday, August 30.

Investors sentiment decreased to 1.15 in 2017 Q3. Its down 0.25, from 1.4 in 2017Q2. It dropped, as 53 investors sold FB shares while 618 reduced holdings. 128 funds opened positions while 644 raised stakes. 1.63 billion shares or 0.88% more from 1.62 billion shares in 2017Q2 were reported. Fred Alger Incorporated stated it has 5.63M shares. Swedbank holds 3.79% of its portfolio in Facebook, Inc. (NASDAQ:FB) for 3.63M shares. Norris Perne & French Llp Mi holds 1,793 shares. Monetta Inc has invested 3.15% in Facebook, Inc. (NASDAQ:FB). 4,387 were accumulated by Tnb. California-based Crosslink has invested 4.61% in Facebook, Inc. (NASDAQ:FB). Old Second Fincl Bank Of Aurora stated it has 0.08% in Facebook, Inc. (NASDAQ:FB). Marathon Asset Ltd Liability Partnership accumulated 0.75% or 267,008 shares. Renaissance Gp Ltd Liability Com accumulated 219,564 shares. Pennsylvania-based Pitcairn has invested 1.05% in Facebook, Inc. (NASDAQ:FB). Uss Inv Limited has 1.24 million shares for 1.63% of their portfolio. Churchill Corporation owns 51,894 shares. 123,382 are owned by Carlson Ltd Partnership. Wellcome Tru Limited (The) As Trustee Of The Wellcome Tru holds 2.02 million shares. Hillman has invested 10.23% of its portfolio in Facebook, Inc. (NASDAQ:FB).

Among 21 analysts covering EQT Corporation (NYSE:EQT), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. EQT Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Friday, July 28 by BMO Capital Markets. Cowen & Co maintained it with “Buy” rating and $8000 target in Tuesday, July 18 report. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, April 26 report. JP Morgan maintained EQT Corporation (NYSE:EQT) rating on Thursday, October 12. JP Morgan has “Overweight” rating and $81 target. The firm earned “Buy” rating on Friday, October 28 by Citigroup. The firm has “Buy” rating by BMO Capital Markets given on Friday, September 1. On Tuesday, July 21 the stock rating was initiated by Cowen & Co with “Outperform”. The stock has “Buy” rating by Seaport Global on Tuesday, September 26. On Monday, February 12 the stock rating was upgraded by RBC Capital Markets to “Buy”. GMP Securities reinitiated the shares of EQT in report on Wednesday, September 28 with “Buy” rating.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.20, from 0.88 in 2017Q2. It improved, as 37 investors sold EQT shares while 145 reduced holdings. 68 funds opened positions while 129 raised stakes. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported. Credit Suisse Ag invested in 0.12% or 1.97 million shares. Point72 Asia (Hong Kong) reported 0.17% stake. 37,083 are owned by Hartford Inv. At Financial Bank has 0.03% invested in EQT Corporation (NYSE:EQT). Wetherby Asset Management Incorporated holds 0.04% of its portfolio in EQT Corporation (NYSE:EQT) for 3,840 shares. Sei Investments stated it has 218,726 shares. Cohen & Steers, New York-based fund reported 15,913 shares. Viking Glob Investors LP stated it has 2.49 million shares. Oz Mngmt Lp reported 2.06% in EQT Corporation (NYSE:EQT). Chapter Iv Invsts Limited Liability Corp holds 9.34% or 275,000 shares in its portfolio. Geode Cap Mngmt Limited Liability Co accumulated 0.04% or 1.77 million shares. Twin Tree LP owns 9,161 shares. Tortoise Ltd has 0.07% invested in EQT Corporation (NYSE:EQT). Neuberger Berman Grp Limited Company has invested 0.19% in EQT Corporation (NYSE:EQT). Price T Rowe Assoc Md has invested 0.1% in EQT Corporation (NYSE:EQT).

South Dakota Investment Council, which manages about $4.94 billion US Long portfolio, upped its stake in General Electric Co (NYSE:GE) by 791,650 shares to 1.68 million shares, valued at $40.63M in 2017Q3, according to the filing. It also increased its holding in Continental Resources Inc (NYSE:CLR) by 63,900 shares in the quarter, for a total of 350,109 shares, and has risen its stake in Wells Fargo Co New (NYSE:WFC).

Analysts await EQT Corporation (NYSE:EQT) to report earnings on April, 26. They expect $0.56 EPS, up 27.27% or $0.12 from last year’s $0.44 per share. EQT’s profit will be $148.10 million for 22.76 P/E if the $0.56 EPS becomes a reality. After $0.76 actual EPS reported by EQT Corporation for the previous quarter, Wall Street now forecasts -26.32% negative EPS growth.

Since January 1, 2018, it had 2 insider purchases, and 0 insider sales for $40,356 activity. $31,761 worth of stock was bought by Cary A. Bray Jr. on Monday, January 1.

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