Ensco Plc (ESV) Shares Declined While Majedie Asset Management LTD Increased Its Stake

April 17, 2018 - By Robert Reynolds

Ensco plc (NYSE:ESV) Corporate LogoBig Money Sentiment increased to 1.48 in 2017 Q4. It has change of 0.49, from 2017Q3’s 0.99. The ratio increased due to ESV positioning: 51 sold and 62 reduced. 60 funds took holdings and 107 increased holdings. Investors holded 328.54 million in 2017Q3 but now own 384.52 million shares or 17.04% more. Laurion Capital LP reported 104,500 shs. Amalgamated Bancorporation has invested 0.01% in Ensco plc (NYSE:ESV). Manufacturers Life The reported 1.02 million shs or 0.01% of all its holdings. New York-based Arosa Mgmt Lp has invested 1.59% in Ensco plc (NYSE:ESV). First Manhattan Co holds 331,130 shs. Arizona State Retirement System holds 313,892 shs. 592,700 were accumulated by Oceanic Management Limited. Alyeska Inv Grp Ltd Partnership invested in 3.13M shs. Contrarius Investment Management Limited invested in 3.27% or 11.13M shs. Swiss Bancorp holds 737,238 shs or 0% of its capital. Regions Fincl Corporation owns 2,000 shs. Loews Corp reported 12,505 shs. Proshare Advsrs Ltd Liability invested in 134,010 shs. Sei Invests owns 8,189 shs or 0% of their US capital. Strs Ohio invested in 0.01% or 548,600 shs.

Majedie Asset Management Ltd’s holdings in Ensco Plc (ESV) is upped by 182.16% based on its latest 2017Q4 regulatory filing with the SEC. The company’s stock sank 20.60% while Majedie Asset Management Ltd bought 11.63M shares. The oil & gas production company announced $106.43M value for the 2017Q4. Now the institutional investor is holding 18.01M shares, compared to the 6.38 million from the previous quarter. $2.41B is the market cap of Ensco Plc. On during the last trading session the stock increased $0.09 or 1.66%, reaching $5.52.Ensco plc has volume of 10.95M shares. Since April 17, 2017 ESV has declined 46.12% and is downtrending. ESV underperformed the S&P 500 by 57.67%.

Majedie Asset Management Ltd manages about $1.19B US Long portfolio. According to a filing the fund reduced its stake in Skyworks Solutions Inc (NASDAQ:SWKS) by 57,448 shares to 16,825 shares, valued at $1.60M in 2017Q4. For a total of 55,969 shares it reduced its holding in Anthem Inc (NYSE:ANTM) by 13,430 shares in the quarter, and has cut its stake in Goldcorp Inc (NYSE:GG).

Ensco plc (NYSE:ESV) Ratings Coverage

Total analysts of 9 have positions in Ensco Plc (NYSE:ESV) as follows: 2 rated it a “Buy”, 0 with “Sell” and 7 with “Hold”. The positive are 22%. The firm has $7.3 highest while $4.0 is the lowest [Target]. The average target $5.99 is 8.51% above the last ($5.52) price. Since October 19, 2017 according to StockzIntelligence Inc Ensco Plc has 17 analyst reports. In Thursday, October 19 report Piper Jaffray maintained the stock with “Buy” rating. On Tuesday, January 23 the stock of Ensco plc (NYSE:ESV) earned “Neutral” rating by Credit Suisse. On Thursday, October 19 HSBC initiated Ensco plc (NYSE:ESV) rating. HSBC has “Buy” rating and $7.3 target. On Friday, October 27 FBR Capital maintained Ensco plc (NYSE:ESV) with “Neutral” rating. The company rating was maintained by Cowen & Co on Thursday, March 15. On Wednesday, February 28 the stock has “Market Perform” rating by Wells Fargo. On Friday, October 27 the company was maintained by Jefferies. On Friday, April 13 the firm earned “Hold” rating by Susquehanna. On Thursday, January 11 Cowen & Co maintained Ensco plc (NYSE:ESV) rating. Cowen & Co has “Hold” rating and $6.0 target. On Friday, January 12 the stock of Ensco plc (NYSE:ESV) earned “Hold” rating by Susquehanna.

Ensco plc (NYSE:ESV) Analyst Ratings Chart

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