South Dakota Investment Council Has Trimmed By $702,905 Its State Str (STT) Holding; Diamond Offshore Drilling Has 1.29 Sentiment

February 23, 2018 - By Adrian Erickson

South Dakota Investment Council decreased State Str Corp (STT) stake by 44.85% reported in 2017Q3 SEC filing. South Dakota Investment Council sold 7,399 shares as State Str Corp (STT)’s stock rose 0.17%. The South Dakota Investment Council holds 9,100 shares with $869,000 value, down from 16,499 last quarter. State Str Corp now has $38.04B valuation. The stock increased 0.72% or $0.74 during the last trading session, reaching $103.46. About 31,872 shares traded. State Street Corporation (NYSE:STT) has risen 33.09% since February 23, 2017 and is uptrending. It has outperformed by 16.39% the S&P500.

Diamond Offshore Drilling, Inc. provides contract drilling services to the energy industry worldwide. The company has market cap of $2.06 billion. It provides services in floater market, including ultra-deepwater, deepwater, and mid-water. It has a 115.31 P/E ratio. The firm operates a fleet of 24 offshore drilling rigs, which comprise 4 drillships, 8 ultra-deepwater, 6 deepwater, 5 mid-water semisubmersibles, and 1 jack-up rig.

The stock increased 2.60% or $0.38 during the last trading session, reaching $14.99. About 172,987 shares traded. Diamond Offshore Drilling, Inc. (DO) has declined 43.02% since February 23, 2017 and is downtrending. It has underperformed by 59.72% the S&P500.

Ratings analysis reveals 0 of Diamond Offshore’s analysts are positive. Out of 7 Wall Street analysts rating Diamond Offshore, 0 give it “Buy”, 4 “Sell” rating, while 3 recommend “Hold”. The lowest target is $13.0 while the high is $22.0. The stock’s average target of $18 is 20.08% above today’s ($14.99) share price. DO was included in 7 notes of analysts from September 21, 2016. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, December 16 report. The stock has “Sell” rating by Goldman Sachs on Wednesday, September 21. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Underperform” rating by CLSA on Monday, October 17. The rating was upgraded by CapitalOne on Monday, October 31 to “Equal Weight”. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) has “Equal Weight” rating given on Monday, January 9 by Barclays Capital. The rating was maintained by FBR Capital on Tuesday, November 1 with “Underperform”. Seaport Global Securities downgraded the shares of DO in report on Friday, October 7 to “Neutral” rating.

Horseman Capital Management Ltd holds 6.88% of its portfolio in Diamond Offshore Drilling, Inc. for 2.13 million shares. Loews Corp owns 73.12 million shares or 6.75% of their US portfolio. Moreover, Contrarius Investment Management Ltd has 6.38% invested in the company for 7.51 million shares. The United Kingdom-based Majedie Asset Management Ltd has invested 3.04% in the stock. Sheffield Asset Management L.L.C., a Illinois-based fund reported 315,290 shares.

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on May, 7. They expect $-0.14 earnings per share, down 182.35% or $0.31 from last year’s $0.17 per share. After $-0.05 actual earnings per share reported by Diamond Offshore Drilling, Inc. for the previous quarter, Wall Street now forecasts 180.00% negative EPS growth.

Investors sentiment increased to 1 in 2017 Q3. Its up 0.27, from 0.73 in 2017Q2. It improved, as 41 investors sold STT shares while 252 reduced holdings. 70 funds opened positions while 224 raised stakes. 320.54 million shares or 0.16% more from 320.02 million shares in 2017Q2 were reported. Invesco reported 0.28% of its portfolio in State Street Corporation (NYSE:STT). Moreover, Brinker has 0.24% invested in State Street Corporation (NYSE:STT). Kiltearn Prtnrs Limited Liability Partnership holds 1.5% or 537,895 shares in its portfolio. Fund Management accumulated 0.05% or 74,365 shares. Virginia Retirement Et Al stated it has 204,400 shares or 0.24% of all its holdings. Gillespie Robinson & Grimm accumulated 288,691 shares. Toronto Dominion National Bank & Trust stated it has 142,822 shares or 0.04% of all its holdings. Oppenheimer Com accumulated 4,753 shares. Becker Mgmt has invested 2.18% of its portfolio in State Street Corporation (NYSE:STT). Caprock Gru Inc holds 0.11% or 5,495 shares. Stoneridge Prns Limited Liability Co holds 0.06% of its portfolio in State Street Corporation (NYSE:STT) for 4,123 shares. Daiwa Secs Gru invested in 0.01% or 12,887 shares. Metropolitan Life New York has 178,458 shares. Logan Inc reported 2,547 shares. The New York-based Matrix Asset Advsrs has invested 1.26% in State Street Corporation (NYSE:STT).

South Dakota Investment Council increased Jetblue Airways Corp (NASDAQ:JBLU) stake by 91,500 shares to 200,700 valued at $3.72M in 2017Q3. It also upped Nike Inc (NYSE:NKE) stake by 19,814 shares and now owns 32,814 shares. Associated Banc Corp (NYSE:ASB) was raised too.

Among 19 analysts covering State Street Corporation (NYSE:STT), 9 have Buy rating, 0 Sell and 10 Hold. Therefore 47% are positive. State Street Corporation had 77 analyst reports since July 28, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley with “Equal-Weight” on Friday, February 2. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, January 13. Bank of America maintained it with “Neutral” rating and $88 target in Friday, May 26 report. The company was maintained on Thursday, June 29 by Keefe Bruyette & Woods. JP Morgan upgraded the shares of STT in report on Thursday, January 7 to “Neutral” rating. RBC Capital Markets maintained State Street Corporation (NYSE:STT) on Thursday, June 22 with “Hold” rating. The stock of State Street Corporation (NYSE:STT) earned “Hold” rating by Deutsche Bank on Thursday, February 25. The company was upgraded on Monday, January 8 by Vining Sparks. Jefferies maintained the stock with “Hold” rating in Tuesday, January 9 report. The stock of State Street Corporation (NYSE:STT) has “Neutral” rating given on Monday, October 9 by Citigroup.

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