Range Res (RRC) Stock Declined While Sailingstone Capital Partners Has Increased Its Stake; As Orbotech LTD (ORBK) Share Value Rose, Shareholder Prentiss Smith & Co Decreased Position by $2.84 Million

February 22, 2018 - By Adrian Mccoy

Sailingstone Capital Partners Llc increased its stake in Range Res Corp (RRC) by 50.93% based on its latest 2017Q3 regulatory filing with the SEC. Sailingstone Capital Partners Llc bought 11.21 million shares as the company’s stock declined 18.29% while stock markets rallied. The institutional investor held 33.21M shares of the oil & gas production company at the end of 2017Q3, valued at $649.89 million, up from 22.00M at the end of the previous reported quarter. Sailingstone Capital Partners Llc who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.29B market cap company. The stock increased 4.41% or $0.57 during the last trading session, reaching $13.49. About 2.78M shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 22, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.

Prentiss Smith & Co Inc decreased its stake in Orbotech Ltd (ORBK) by 36.15% based on its latest 2017Q3 regulatory filing with the SEC. Prentiss Smith & Co Inc sold 67,604 shares as the company’s stock rose 18.15% with the market. The institutional investor held 119,416 shares of the industrial machinery and components company at the end of 2017Q3, valued at $5.04 million, down from 187,020 at the end of the previous reported quarter. Prentiss Smith & Co Inc who had been investing in Orbotech Ltd for a number of months, seems to be less bullish one the $2.59B market cap company. The stock decreased 0.84% or $0.4601 during the last trading session, reaching $54.0199. About 58,236 shares traded. Orbotech Ltd. (NASDAQ:ORBK) has risen 49.39% since February 22, 2017 and is uptrending. It has outperformed by 32.69% the S&P500.

Among 42 analysts covering Range Resources Corp. (NYSE:RRC), 24 have Buy rating, 3 Sell and 15 Hold. Therefore 57% are positive. Range Resources Corp. had 139 analyst reports since July 21, 2015 according to SRatingsIntel. On Monday, February 5 the stock rating was initiated by FBR Capital with “Hold”. Drexel Hamilton initiated the stock with “Buy” rating in Thursday, February 18 report. On Friday, August 28 the stock rating was upgraded by Zacks to “Sell”. Piper Jaffray maintained it with “Buy” rating and $35.0 target in Thursday, October 19 report. The stock of Range Resources Corporation (NYSE:RRC) earned “Underweight” rating by Barclays Capital on Thursday, March 24. The rating was downgraded by Robert W. Baird on Thursday, March 10 to “Neutral”. Stifel Nicolaus maintained Range Resources Corporation (NYSE:RRC) rating on Wednesday, September 13. Stifel Nicolaus has “Buy” rating and $20.0 target. The company was maintained on Thursday, April 7 by Citigroup. The firm has “Sell” rating given on Monday, January 29 by Raymond James. The company was upgraded on Friday, October 7 by JP Morgan.

Since October 26, 2017, it had 1 buy, and 3 selling transactions for $228,453 activity. DUB ANTHONY V had sold 2,897 shares worth $46,533 on Thursday, December 14. MANNY ROGER S had sold 10,757 shares worth $176,678. 34,000 shares were bought by PALKO STEFFEN E, worth $500,609.

Sailingstone Capital Partners Llc, which manages about $6.37B and $3.73B US Long portfolio, decreased its stake in Hudbay Minerals Inc (NYSE:HBM) by 5.02 million shares to 13.89M shares, valued at $128.48 million in 2017Q3, according to the filing. It also reduced its holding in Cabot Oil & Gas Corp (NYSE:COG) by 184,359 shares in the quarter, leaving it with 1.06 million shares, and cut its stake in Src Energy Inc.

Investors sentiment is 1.35 in 2017 Q3. Its the same as in 2017Q2. It has no change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. West Virginia-based Wesbanco Savings Bank has invested 0.06% in Range Resources Corporation (NYSE:RRC). Moreover, Nomura has 0% invested in Range Resources Corporation (NYSE:RRC). Raging Capital Ltd Company holds 3.48% in Range Resources Corporation (NYSE:RRC) or 1.14 million shares. Highlander Cap Management Limited Liability Company reported 1,500 shares. Dnb Asset Mngmt As invested in 23,020 shares. South Dakota Inv Council stated it has 668,350 shares. Silvercrest Asset Mgmt Group Limited Com holds 0.01% or 40,350 shares. Tower Research Capital Lc (Trc) accumulated 0% or 2,463 shares. Art Advsrs Limited Co has 0.11% invested in Range Resources Corporation (NYSE:RRC) for 107,900 shares. Bessemer Group Incorporated, a New Jersey-based fund reported 2.97M shares. Sun Life Inc accumulated 1,647 shares. Loring Wolcott Coolidge Fiduciary Advsrs Limited Liability Partnership Ma stated it has 0% of its portfolio in Range Resources Corporation (NYSE:RRC). Stephens Incorporated Ar, Arkansas-based fund reported 9,272 shares. 11,414 are owned by Gateway Inv Advisers. Ww Asset Management Incorporated holds 0.01% of its portfolio in Range Resources Corporation (NYSE:RRC) for 19,372 shares.

Among 10 analysts covering Orbotech (NASDAQ:ORBK), 9 have Buy rating, 0 Sell and 1 Hold. Therefore 90% are positive. Orbotech had 23 analyst reports since September 8, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, July 10 by Jefferies. The company was maintained on Tuesday, November 7 by Needham. As per Monday, January 22, the company rating was maintained by Lake Street. Jefferies maintained Orbotech Ltd. (NASDAQ:ORBK) on Wednesday, August 2 with “Buy” rating. Oppenheimer maintained it with “Buy” rating and $58.0 target in Thursday, February 15 report. JP Morgan initiated the stock with “Overweight” rating in Monday, December 21 report. The rating was downgraded by Standpoint Research to “Hold” on Monday, May 22. The firm has “Buy” rating by Oppenheimer given on Wednesday, November 1. Needham maintained the shares of ORBK in report on Monday, November 16 with “Buy” rating. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets.

Analysts await Orbotech Ltd. (NASDAQ:ORBK) to report earnings on May, 2. They expect $0.73 earnings per share, up 73.81% or $0.31 from last year’s $0.42 per share. ORBK’s profit will be $34.97M for 18.50 P/E if the $0.73 EPS becomes a reality. After $0.82 actual earnings per share reported by Orbotech Ltd. for the previous quarter, Wall Street now forecasts -10.98% negative EPS growth.

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