Burgundy Asset Management LTD Increased Its Advantage Oil & Gas LTD (AAV) Stake by $6.49 Million; Hellman Jordan Management Company Has Trimmed Its Red Hat (RHT) Holding by $360,000 as Stock Price Rose

April 17, 2018 - By Marie Mckinney

Red Hat, Inc. (NYSE:RHT) Logo

Hellman Jordan Management Company Inc decreased its stake in Red Hat (RHT) by 40.62% based on its latest 2017Q4 regulatory filing with the SEC. Hellman Jordan Management Company Inc sold 3,000 shares as the company’s stock rose 25.63% while stock markets declined. The institutional investor held 4,385 shares of the technology company at the end of 2017Q4, valued at $527,000, down from 7,385 at the end of the previous reported quarter. Hellman Jordan Management Company Inc who had been investing in Red Hat for a number of months, seems to be less bullish one the $28.41 billion market cap company. The stock increased 1.79% or $2.82 during the last trading session, reaching $160.53. About 1.71M shares traded. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since April 17, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Burgundy Asset Management Ltd increased its stake in Advantage Oil & Gas Ltd. (AAV) by 8.04% based on its latest 2017Q4 regulatory filing with the SEC. Burgundy Asset Management Ltd bought 1.62 million shares as the company’s stock declined 26.83% with the market. The institutional investor held 21.79 million shares of the oil & gas production company at the end of 2017Q4, valued at $93.80M, up from 20.17M at the end of the previous reported quarter. Burgundy Asset Management Ltd who had been investing in Advantage Oil & Gas Ltd. for a number of months, seems to be bullish on the $562.62M market cap company. The stock decreased 3.08% or $0.1 during the last trading session, reaching $3.15. About 239,697 shares traded. Advantage Oil & Gas Ltd. (NYSE:AAV) has declined 53.13% since April 17, 2017 and is downtrending. It has underperformed by 64.68% the S&P500.

Burgundy Asset Management Ltd, which manages about $19.85B and $11.00 billion US Long portfolio, decreased its stake in Argo Group International Holdings Ltd. (NASDAQ:AGII) by 12,041 shares to 130,829 shares, valued at $8.07M in 2017Q4, according to the filing. It also reduced its holding in Gentex Corp. (NASDAQ:GNTX) by 74,349 shares in the quarter, leaving it with 11.10M shares, and cut its stake in Expeditors International Of Washington Inc. (NASDAQ:EXPD).

Among 4 analysts covering Advantage Oil & Gas Ltd. (NYSE:AAV), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. Advantage Oil & Gas Ltd. had 10 analyst reports since August 7, 2015 according to SRatingsIntel. The rating was initiated by BMO Capital Markets with “Outperform” on Thursday, July 21. BMO Capital Markets downgraded the stock to “Market Perform” rating in Tuesday, October 10 report. Credit Suisse upgraded the stock to “Outperform” rating in Friday, October 14 report. The firm earned “Buy” rating on Thursday, July 21 by TD Securities. TD Securities maintained it with “Buy” rating and $9.50 target in Friday, August 7 report. The firm has “Sector Perform” rating given on Thursday, July 20 by RBC Capital Markets. The firm has “Outperform” rating by RBC Capital Markets given on Monday, August 8.

Hellman Jordan Management Company Inc, which manages about $886.87 million and $63.51M US Long portfolio, upped its stake in Bankamerica Corp (NYSE:BAC) by 20,299 shares to 38,606 shares, valued at $1.14 million in 2017Q4, according to the filing. It also increased its holding in Halliburton Co (NYSE:HAL) by 12,090 shares in the quarter, for a total of 32,759 shares, and has risen its stake in Suntrust Bks Inc (NYSE:STI).

Investors sentiment decreased to 1.12 in 2017 Q4. Its down 0.11, from 1.23 in 2017Q3. It fall, as 45 investors sold RHT shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported. Veritable LP invested in 0.02% or 9,045 shares. Pnc Finance Service holds 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT) for 63,526 shares. Koch Indus Inc invested 0.06% of its portfolio in Red Hat, Inc. (NYSE:RHT). Washington Trust accumulated 179,485 shares or 1.21% of the stock. Sun Life Fincl stated it has 0% in Red Hat, Inc. (NYSE:RHT). Cwm Ltd Liability stated it has 0% in Red Hat, Inc. (NYSE:RHT). Spark Investment Mgmt Lc owns 14,000 shares. Verition Fund Management Ltd Limited Liability Company invested in 14,019 shares or 0.16% of the stock. Tennessee-based Patten has invested 0% in Red Hat, Inc. (NYSE:RHT). Kentucky Retirement invested 0.09% in Red Hat, Inc. (NYSE:RHT). Norinchukin Bank & Trust The accumulated 14,146 shares. Cibc Asset Mngmt owns 0.01% invested in Red Hat, Inc. (NYSE:RHT) for 17,067 shares. Nebraska-based Nelson Van Denburg & Campbell Wealth Grp Incorporated Limited Liability Com has invested 0.04% in Red Hat, Inc. (NYSE:RHT). Dupont Management accumulated 0.19% or 70,087 shares. Glg stated it has 8,545 shares.

Among 39 analysts covering Red Hat (NYSE:RHT), 28 have Buy rating, 1 Sell and 10 Hold. Therefore 72% are positive. Red Hat had 134 analyst reports since August 25, 2015 according to SRatingsIntel. The rating was maintained by Nomura on Tuesday, March 27 with “Buy”. RBC Capital Markets maintained the shares of RHT in report on Wednesday, March 21 with “Buy” rating. The stock of Red Hat, Inc. (NYSE:RHT) earned “Buy” rating by Mizuho on Friday, December 18. The company was downgraded on Thursday, December 22 by Stifel Nicolaus. The rating was maintained by Citigroup on Thursday, September 22 with “Buy”. BMO Capital Markets maintained the stock with “Outperform” rating in Monday, March 7 report. BMO Capital Markets maintained the shares of RHT in report on Monday, August 14 with “Hold” rating. Robert W. Baird maintained Red Hat, Inc. (NYSE:RHT) rating on Wednesday, June 21. Robert W. Baird has “Neutral” rating and $100 target. The stock of Red Hat, Inc. (NYSE:RHT) has “Buy” rating given on Friday, December 18 by Stifel Nicolaus. The rating was maintained by Cowen & Co with “Buy” on Friday, September 22.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $86.73 million for 81.90 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Red Hat, Inc. (NYSE:RHT) Institutional Positions Chart

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By1 Marie Mckinney

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