As Associated Banc (ASB) Valuation Declined, First Quadrant LP Lowered Its Holding; Artemis Investment Management Llp Has Trimmed Its Newfield Expl Co (NFX) Holding by $354,409

February 11, 2018 - By Steve Bissell

First Quadrant LP decreased its stake in Associated Banc Corp (ASB) by 33.26% based on its latest 2017Q3 regulatory filing with the SEC. First Quadrant LP sold 173,445 shares as the company’s stock declined 7.25% while stock markets rallied. The institutional investor held 348,061 shares of the major banks company at the end of 2017Q3, valued at $8.44M, down from 521,506 at the end of the previous reported quarter. First Quadrant LP who had been investing in Associated Banc Corp for a number of months, seems to be less bullish one the $4.12B market cap company. The stock increased 1.27% or $0.3 during the last trading session, reaching $23.9. About 2.88 million shares traded or 149.74% up from the average. Associated Banc-Corp (NYSE:ASB) has risen 34.85% since February 11, 2017 and is uptrending. It has outperformed by 18.15% the S&P500.

Artemis Investment Management Llp decreased its stake in Newfield Expl Co (NFX) by 24.28% based on its latest 2017Q3 regulatory filing with the SEC. Artemis Investment Management Llp sold 12,221 shares as the company’s stock declined 17.43% while stock markets rallied. The institutional investor held 38,104 shares of the oil & gas production company at the end of 2017Q3, valued at $1.13 million, down from 50,325 at the end of the previous reported quarter. Artemis Investment Management Llp who had been investing in Newfield Expl Co for a number of months, seems to be less bullish one the $5.13 billion market cap company. The stock decreased 1.52% or $0.4 during the last trading session, reaching $25.98. About 5.41M shares traded or 118.08% up from the average. Newfield Exploration Company (NYSE:NFX) has declined 13.04% since February 11, 2017 and is downtrending. It has underperformed by 29.74% the S&P500.

Artemis Investment Management Llp, which manages about $4.87B US Long portfolio, upped its stake in Lear Corp (NYSE:LEA) by 15,900 shares to 72,956 shares, valued at $12.63M in 2017Q3, according to the filing. It also increased its holding in United Rentals Inc (NYSE:URI) by 5,211 shares in the quarter, for a total of 34,044 shares, and has risen its stake in State Str Corp (NYSE:STT).

Investors sentiment increased to 1.09 in 2017 Q3. Its up 0.01, from 1.08 in 2017Q2. It is positive, as 38 investors sold NFX shares while 122 reduced holdings. 43 funds opened positions while 132 raised stakes. 195.89 million shares or 2.01% less from 199.90 million shares in 2017Q2 were reported. Pnc Financial Grp Incorporated holds 15,091 shares. 37,386 are held by Guinness Atkinson Asset Mgmt. Canada Pension Plan Investment Board accumulated 86,400 shares or 0.01% of the stock. 33,629 are owned by Cornerstone Ltd Liability Company. Jacobs Levy Equity stated it has 307,606 shares or 0.18% of all its holdings. Stoneridge Investment Prtnrs Ltd Liability Com accumulated 84,526 shares or 0.39% of the stock. Panagora Asset invested 0% of its portfolio in Newfield Exploration Company (NYSE:NFX). Sta Wealth Management Ltd Liability reported 7,832 shares or 0.09% of all its holdings. Nordea Inv Mngmt owns 0.01% invested in Newfield Exploration Company (NYSE:NFX) for 115,982 shares. Stevens Cap Mgmt Ltd Partnership holds 60,715 shares or 0.07% of its portfolio. Tiaa Cref Invest Mngmt Ltd Liability Company holds 0.02% of its portfolio in Newfield Exploration Company (NYSE:NFX) for 1.13 million shares. Massachusetts-based State Street Corp has invested 0.03% in Newfield Exploration Company (NYSE:NFX). Bb&T Limited Liability Com owns 112,265 shares. Alliancebernstein Lp accumulated 329,127 shares. Greenleaf Tru owns 108 shares.

Since September 1, 2017, it had 0 buys, and 4 selling transactions for $1.43 million activity.

Among 36 analysts covering Newfield Exploration Co. (NYSE:NFX), 24 have Buy rating, 0 Sell and 12 Hold. Therefore 67% are positive. Newfield Exploration Co. had 114 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Thursday, December 17 by SunTrust. The firm has “Buy” rating by Jefferies given on Wednesday, December 20. The company was upgraded on Tuesday, May 30 by Goldman Sachs. The rating was initiated by Canaccord Genuity on Wednesday, June 29 with “Buy”. The rating was maintained by Stifel Nicolaus with “Buy” on Friday, October 9. SunTrust maintained the shares of NFX in report on Tuesday, January 2 with “Buy” rating. The stock of Newfield Exploration Company (NYSE:NFX) has “Neutral” rating given on Wednesday, January 4 by Bank of America. The firm has “Neutral” rating by Citigroup given on Tuesday, August 9. Seaport Global downgraded Newfield Exploration Company (NYSE:NFX) on Wednesday, June 21 to “Sell” rating. The firm has “Buy” rating by RBC Capital Markets given on Thursday, August 24.

Analysts await Newfield Exploration Company (NYSE:NFX) to report earnings on February, 20 after the close. They expect $0.61 EPS, up 24.49% or $0.12 from last year’s $0.49 per share. NFX’s profit will be $120.52 million for 10.65 P/E if the $0.61 EPS becomes a reality. After $0.52 actual EPS reported by Newfield Exploration Company for the previous quarter, Wall Street now forecasts 17.31% EPS growth.

First Quadrant L P, which manages about $16.82B and $5.17 billion US Long portfolio, upped its stake in Alphabet Inc Cl A by 809 shares to 54,945 shares, valued at $53.50M in 2017Q3, according to the filing. It also increased its holding in Conagra Brands Inc (NYSE:CAG) by 81,811 shares in the quarter, for a total of 177,757 shares, and has risen its stake in Phibro Animal Health Corp A (NASDAQ:PAHC).

Investors sentiment decreased to 1.12 in Q3 2017. Its down 0.28, from 1.4 in 2017Q2. It is negative, as 23 investors sold ASB shares while 66 reduced holdings. 33 funds opened positions while 67 raised stakes. 114.59 million shares or 2.37% less from 117.37 million shares in 2017Q2 were reported. Stevens Capital Mgmt LP invested in 24,197 shares. Heartland Advsr Incorporated holds 326,605 shares or 0.51% of its portfolio. American Gp Incorporated accumulated 0.03% or 309,616 shares. Natixis owns 0% invested in Associated Banc-Corp (NYSE:ASB) for 9,955 shares. Citadel Advsrs Ltd Liability Corporation has 44,689 shares. Swiss Commercial Bank has 252,900 shares for 0.01% of their portfolio. Lpl Fincl Limited Co has invested 0% in Associated Banc-Corp (NYSE:ASB). Bank & Trust Of Montreal Can stated it has 115,228 shares. Public Employees Retirement Association Of Colorado reported 32,226 shares. Stifel Fincl reported 33,517 shares. Ww Asset Mgmt stated it has 0.01% in Associated Banc-Corp (NYSE:ASB). Matarin Cap Mngmt Limited Liability has invested 0.55% in Associated Banc-Corp (NYSE:ASB). Ny State Teachers Retirement, a New York-based fund reported 268,846 shares. Fifth Third Bancshares reported 1,317 shares. Jpmorgan Chase And invested in 4.65 million shares or 0.02% of the stock.

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By1 Steve Bissell

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