First Eagle Investment Management Cut Devon Energy New (DVN) Holding By $1.09 Million; 2 Bullish Analysts Covering Universal Electronics Inc. (UEIC)

June 15, 2018 - By Pete Kolinski

Devon Energy Corporation (NYSE:DVN) Logo

Among 7 analysts covering Universal Electronics Inc. (NASDAQ:UEIC), 2 have Buy rating, 0 Sell and 5 Hold. Therefore 29% are positive. Universal Electronics Inc. had 15 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was maintained by B Riley on Friday, August 7 with “Neutral”. PiperJaffray downgraded Universal Electronics Inc. (NASDAQ:UEIC) on Friday, May 4 to “Neutral” rating. On Friday, May 5 the stock rating was downgraded by Lake Street to “Hold”. The firm has “Buy” rating given on Friday, August 4 by Piper Jaffray. The rating was initiated by Sidoti with “Buy” on Friday, July 22. The stock has “Buy” rating by B. Riley & Co on Monday, November 7. B. Riley & Co maintained the shares of UEIC in report on Saturday, August 8 with “Hold” rating. Lake Street maintained the shares of UEIC in report on Friday, February 17 with “Buy” rating. The stock has “Buy” rating by Piper Jaffray on Friday, February 23. Piper Jaffray downgraded Universal Electronics Inc. (NASDAQ:UEIC) on Friday, May 4 to “Hold” rating. See Universal Electronics Inc. (NASDAQ:UEIC) latest ratings:

04/05/2018 Broker: PiperJaffray Old Rating: Overweight New Rating: Neutral Downgrade
04/05/2018 Broker: FBR Capital Rating: Hold New Target: $46.0000 Downgrade
04/05/2018 Broker: Piper Jaffray Rating: Hold New Target: $46.0000 Downgrade
23/02/2018 Broker: Piper Jaffray Rating: Buy New Target: $62.0 Maintain
20/02/2018 Broker: FBR Capital Rating: Buy New Target: $73.0

First Eagle Investment Management Llc decreased Devon Energy Corp New (DVN) stake by 0.72% reported in 2018Q1 SEC filing. First Eagle Investment Management Llc sold 35,007 shares as Devon Energy Corp New (DVN)’s stock rose 28.38%. The First Eagle Investment Management Llc holds 4.82 million shares with $153.26M value, down from 4.86 million last quarter. Devon Energy Corp New now has $21.20B valuation. The stock decreased 2.90% or $1.21 during the last trading session, reaching $40.5. About 2.34M shares traded. Devon Energy Corporation (NYSE:DVN) has risen 13.57% since June 15, 2017 and is uptrending. It has outperformed by 1.00% the S&P500. Some Historical DVN News: ; 21/05/2018 – DEVON ENERGY CORP DVN.N : SIMMONS RAISES TARGET PRICE TO $50 FROM $45; 07/03/2018 – DEVON ENERGY REPORTS TENDER OFFERS FOR UP TO $1.0B AGGREGATE BU; 19/03/2018 – A small oil field in Oklahoma is seeing big bets from producers; 01/05/2018 – Devon Energy 1Q Loss/Shr 38c; 15/05/2018 – Devon at Citi Global Energy & Utilities Conference Tomorrow; 13/03/2018 – Football Rumors: Lions Agree To Deal With LB Devon Kennard; 26/03/2018 – DEVON ENERGY CORP DVN.N CEO SAYS AS OF 2020, SCOOP/STACK, PERMIAN AND ROCKIES WILL BE COMPANY’S MAIN FOCUS AREAS; 01/05/2018 – Devon Energy: $1B Shr-Repurchase Program Under Way; 07/03/2018 – Devon Energy boosts dividend, buyback; sells shale asset; 16/05/2018 – Moody’s: Devon Energy Outlook Is Stable

More news for Universal Electronics Inc. (NASDAQ:UEIC) were recently published by: Nasdaq.com, which released: “Consolidated Research: 2018 Summary Expectations for WSFS Financial, Universal Electronics, Quanex Building …” on May 29, 2018. Businesswire.com‘s article titled: “Universal Electronics to Present in Two June Conferences” and published on May 22, 2018 is yet another important article.

Universal Electronics Inc. develops and makes pre-programmed and universal wireless remote control products, audio-video accessories, software, and intelligent wireless automation components for home entertainment and automation systems. The company has market cap of $420.95 million. The firm offers universal infrared and radio frequency remote controls; integrated circuits on which its software and universal device control database is embedded; and software, firmware, and technology solutions, which enable devices, such as televisions, set-top boxes, stereos, smart phones, tablets, gaming controllers, and other consumer electronic devices to wirelessly connect and interact with home networks and interactive services to control and deliver digital entertainment and information. It currently has negative earnings. It also provides proprietary and standards RF sensors for residential security, safety, and automation applications; and audio-video accessories, as well as licenses intellectual property, including its patented technologies, trademarks, and database of home connectivity software and control codes.

The stock decreased 2.30% or $0.7 during the last trading session, reaching $29.8. About 31,474 shares traded. Universal Electronics Inc. (NASDAQ:UEIC) has declined 50.68% since June 15, 2017 and is downtrending. It has underperformed by 63.25% the S&P500. Some Historical UEIC News: ; 23/04/2018 – UNIVERSAL ELECTRONICS – ON APRIL 17, UNIT & GUANGZHOU JUNHAO INVESTMENT CO MUTUALLY AGREED TO TERMINATE SEPT. 30, 2016 TRANSFER AGREEMENT; 22/05/2018 – Universal Electronics to Present in Two June Conferences; 03/05/2018 – Universal Electronics Sees 2Q Loss/Shr 18c-Loss 28c; 23/05/2018 – Universal Electronics Presenting at Conference Tomorrow; 03/05/2018 – Universal Electronics 1Q Loss/Shr 4c; 03/05/2018 – UNIVERSAL ELECTRONICS 1Q ADJ EPS 62C, EST. 64C; 23/04/2018 – UNIVERSAL ELECTRONICS – C.G. DEVELOPMENT LIMITED TO SELL ITS OWNERSHIP INTEREST IN GEMSTAR TECHNOLOGY (CHINA) TO GUANGZHOU MUXIA HOTEL MANAGEMENT; 19/04/2018 DJ Universal Electronics Inc, Inst Holders, 1Q 2018 (UEIC); 29/05/2018 – Consolidated Research: 2018 Summary Expectations for WSFS Financial, Universal Electronics, Quanex Building Products, Envestnet; 22/05/2018 – Universal Electronics Presenting at Conference Jun 5

Since March 21, 2018, it had 1 insider purchase, and 3 selling transactions for $739,667 activity. The insider Chong David Cheung Hyen bought $89,545. Another trade for 10,000 shares valued at $500,442 was sold by STAPLETON GREGORY. FIREHAMMER RICHARD A JR sold 2,817 shares worth $147,470.

Investors sentiment increased to 1.66 in Q1 2018. Its up 0.68, from 0.98 in 2017Q4. It increased, as 11 investors sold Universal Electronics Inc. shares while 27 reduced holdings. 14 funds opened positions while 49 raised stakes. 11.53 million shares or 1.04% less from 11.66 million shares in 2017Q4 were reported. Mason Street Advisors has 0% invested in Universal Electronics Inc. (NASDAQ:UEIC). Swiss Comml Bank reported 0% in Universal Electronics Inc. (NASDAQ:UEIC). Parallax Volatility Advisers L P reported 0% of its portfolio in Universal Electronics Inc. (NASDAQ:UEIC). Frontier Cap Mngmt Communications Ltd Company has invested 0.2% in Universal Electronics Inc. (NASDAQ:UEIC). First Trust Lp invested in 0% or 9,715 shares. Massmutual Tru Fsb Adv stated it has 0% of its portfolio in Universal Electronics Inc. (NASDAQ:UEIC). 12,594 were accumulated by Howland Cap Management Ltd Liability. Bancorporation Of New York Mellon Corporation holds 0% of its portfolio in Universal Electronics Inc. (NASDAQ:UEIC) for 186,071 shares. Alliancebernstein Lp holds 0% or 21,020 shares. Ameritas Inc invested in 0% or 1,223 shares. Raymond James And Assocs holds 27,214 shares. New York State Common Retirement Fund holds 41,457 shares or 0% of its portfolio. Barclays Pcl has 4,988 shares. Dimensional Fund Advisors Lp has invested 0.02% in Universal Electronics Inc. (NASDAQ:UEIC). 1,467 were reported by Schroder Investment Group Inc.

More recent Devon Energy Corporation (NYSE:DVN) news were published by: Fool.com which released: “These 2 Oil Stocks Could Skyrocket in the Second Half of 2018” on June 13, 2018. Also Fool.com published the news titled: “Devon Energy Corp Unlocks Significant Value by Unloading Its Midstream Business” on June 06, 2018. Fool.com‘s news article titled: “3 Oil Stocks You May Be Overlooking” with publication date: June 10, 2018 was also an interesting one.

Among 39 analysts covering Devon Energy Corporation (NYSE:DVN), 25 have Buy rating, 0 Sell and 14 Hold. Therefore 64% are positive. Devon Energy Corporation had 136 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Devon Energy Corporation (NYSE:DVN) earned “Buy” rating by Jefferies on Tuesday, January 30. The stock has “Neutral” rating by UBS on Thursday, January 19. Susquehanna maintained the stock with “Buy” rating in Wednesday, January 17 report. The rating was upgraded by Evercore to “Buy” on Friday, April 15. The rating was maintained by Piper Jaffray with “Hold” on Wednesday, November 22. The company was downgraded on Wednesday, October 28 by UBS. On Tuesday, October 31 the stock rating was maintained by Cowen & Co with “Buy”. The stock has “Accumulate” rating by Johnson Rice on Thursday, May 19. The company was maintained on Tuesday, March 29 by Deutsche Bank. On Wednesday, April 18 the stock rating was maintained by Piper Jaffray with “Hold”.

First Eagle Investment Management Llc increased Therapeuticsmd Inc (NYSEMKT:TXMD) stake by 179,244 shares to 1.75M valued at $8.51M in 2018Q1. It also upped Ugi Corp New (NYSE:UGI) stake by 49,500 shares and now owns 7.59 million shares. Colgate Palmolive Co (NYSE:CL) was raised too.

Investors sentiment increased to 0.94 in 2018 Q1. Its up 0.02, from 0.92 in 2017Q4. It is positive, as 70 investors sold DVN shares while 229 reduced holdings. 82 funds opened positions while 199 raised stakes. 407.74 million shares or 0.72% more from 404.83 million shares in 2017Q4 were reported. Agf Invests Inc holds 0.04% or 121,407 shares. Fjarde Ap has 84,026 shares. Hgk Asset Mngmt Inc invested in 1.96% or 407,395 shares. Ibm Retirement Fund holds 0.07% or 11,559 shares. New York-based Mackay Shields Limited Liability Corporation has invested 0.04% in Devon Energy Corporation (NYSE:DVN). Moreover, Vident Advisory Limited Liability Company has 0.01% invested in Devon Energy Corporation (NYSE:DVN). Calamos Advsrs Ltd Llc accumulated 122,068 shares or 0.03% of the stock. Davidson Invest Advisors accumulated 0.54% or 157,302 shares. Cambridge Invest Research holds 20,211 shares. Utd Svcs Automobile Association has 0.05% invested in Devon Energy Corporation (NYSE:DVN) for 535,218 shares. City holds 0.01% in Devon Energy Corporation (NYSE:DVN) or 500 shares. Toth Financial Advisory Corp, a Virginia-based fund reported 402 shares. Plante Moran Fincl Ltd reported 253 shares. Evercore Wealth Ltd Com reported 9,446 shares. M&R Cap holds 25,782 shares.

Analysts await Devon Energy Corporation (NYSE:DVN) to report earnings on August, 7. They expect $0.28 earnings per share, down 17.65% or $0.06 from last year’s $0.34 per share. DVN’s profit will be $146.55 million for 36.16 P/E if the $0.28 EPS becomes a reality. After $0.20 actual earnings per share reported by Devon Energy Corporation for the previous quarter, Wall Street now forecasts 40.00% EPS growth.

Devon Energy Corporation (NYSE:DVN) Institutional Positions Chart

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