As Weatherford International Limi (WFT) Stock Declined, Schneider Capital Management Corp Raised Holding

October 13, 2018 - By Richard Conner

Weatherford International plc (NYSE:WFT) LogoInvestors sentiment decreased to 0.75 in Q2 2018. Its down 0.24, from 0.99 in 2018Q1. It dived, as 32 investors sold WFT shares while 97 reduced holdings. 37 funds opened positions while 60 raised stakes. 1.06 billion shares or 2.20% less from 1.09 billion shares in 2018Q1 were reported. Brown Advisory Inc holds 100,504 shares. National Bank Of America De invested in 0.01% or 13.62 million shares. Pnc accumulated 384,254 shares. 1.95 million were accumulated by Oppenheimer Asset Mngmt. Global accumulated 43.83 million shares. Texas-based Goodman Financial Corp has invested 0.01% in Weatherford International plc (NYSE:WFT). Riggs Asset Managment Communication Inc, a Pennsylvania-based fund reported 5,360 shares. Automobile Association reported 0% of its portfolio in Weatherford International plc (NYSE:WFT). Cap Interest Sarl, California-based fund reported 2.28M shares. Zurcher Kantonalbank (Zurich Cantonalbank), Switzerland-based fund reported 62,157 shares. Advisory Net Limited holds 0% of its portfolio in Weatherford International plc (NYSE:WFT) for 3,849 shares. Winslow Evans Crocker Inc has invested 0.01% in Weatherford International plc (NYSE:WFT). Mitchell Group, Texas-based fund reported 3.43M shares. Hightower Advsr Llc owns 0% invested in Weatherford International plc (NYSE:WFT) for 182,091 shares. Envestnet Asset Management has invested 0% in Weatherford International plc (NYSE:WFT).

Schneider Capital Management Corp increased its stake in Weatherford International Limi (WFT) by 100.59% based on its latest 2018Q2 regulatory filing with the SEC. Schneider Capital Management Corp bought 6.36 million shares as the company’s stock declined 27.27% while stock markets rallied. The institutional investor held 12.68 million shares of the metal fabrications company at the end of 2018Q2, valued at $41.71 million, up from 6.32 million at the end of the previous reported quarter. Schneider Capital Management Corp who had been investing in Weatherford International Limi for a number of months, seems to be bullish on the $2.53 billion market cap company. It closed at $2.54 lastly. It is down 38.90% since October 13, 2017 and is downtrending. It has underperformed by 54.52% the S&P500.

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 5 analysts covering Weatherford (NYSE:WFT), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Weatherford had 5 analyst reports since April 24, 2018 according to SRatingsIntel. The rating was downgraded by Societe Generale to “Hold” on Friday, October 12. The firm has “Hold” rating given on Tuesday, April 24 by Piper Jaffray. The stock has “Hold” rating by Jefferies on Tuesday, April 24.

Weatherford International plc (NYSE:WFT) Ratings Chart

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