Eqt (EQT) Shareholder Chapter Iv Investors Trimmed Its Stake as Shares Declined; As Cigna (CI) Market Value Rose, Arga Investment Management LP Lowered Its Position by $1.44 Million

February 15, 2018 - By Migdalia James

Arga Investment Management Lp decreased its stake in Cigna Corp (CI) by 28.92% based on its latest 2017Q3 regulatory filing with the SEC. Arga Investment Management Lp sold 7,751 shares as the company’s stock rose 11.09% with the market. The institutional investor held 19,049 shares of the medical specialities company at the end of 2017Q3, valued at $3.56M, down from 26,800 at the end of the previous reported quarter. Arga Investment Management Lp who had been investing in Cigna Corp for a number of months, seems to be less bullish one the $47.14 billion market cap company. The stock decreased 2.23% or $4.36 during the last trading session, reaching $191.19. About 625,863 shares traded. Cigna Corporation (NYSE:CI) has risen 23.57% since February 15, 2017 and is uptrending. It has outperformed by 6.87% the S&P500.

Chapter Iv Investors Llc decreased its stake in Eqt Corp (EQT) by 31.25% based on its latest 2017Q3 regulatory filing with the SEC. Chapter Iv Investors Llc sold 125,000 shares as the company’s stock declined 9.10% while stock markets rallied. The hedge fund held 275,000 shares of the oil & gas production company at the end of 2017Q3, valued at $17.94 million, down from 400,000 at the end of the previous reported quarter. Chapter Iv Investors Llc who had been investing in Eqt Corp for a number of months, seems to be less bullish one the $13.65 billion market cap company. The stock increased 6.06% or $2.94 during the last trading session, reaching $51.45. About 2.83M shares traded. EQT Corporation (NYSE:EQT) has declined 18.61% since February 15, 2017 and is downtrending. It has underperformed by 35.31% the S&P500.

Investors sentiment is 0.96 in Q3 2017. Its the same as in 2017Q2. It is without change, as 47 investors sold CI shares while 249 reduced holdings. only 72 funds opened positions while 212 raised stakes. 206.32 million shares or 5.35% less from 217.98 million shares in 2017Q2 were reported. 2,221 were accumulated by Cetera Advisor Limited Company. Product Ltd Llc holds 0.84% or 136,598 shares in its portfolio. Brown Advisory Secs Limited Liability has invested 0.19% in Cigna Corporation (NYSE:CI). Moreover, Apg Asset Management Nv has 0.08% invested in Cigna Corporation (NYSE:CI). 69,700 were accumulated by Point72 Asset Mgmt Lp. Advisers Ltd Liability Co has invested 0.01% in Cigna Corporation (NYSE:CI). Maverick Capital Ltd owns 111,800 shares. Plante Moran Fincl Limited Liability Corporation holds 0.01% of its portfolio in Cigna Corporation (NYSE:CI) for 54 shares. Par Capital has 3.19% invested in Cigna Corporation (NYSE:CI) for 1.50M shares. Kcm Invest Advsrs Lc accumulated 1,523 shares. 1,816 are owned by Fulton Bancorporation Na. Alliancebernstein Limited Partnership accumulated 2.76M shares. Nippon Life Ins reported 10,070 shares. Ontario Teachers Pension Plan Board has 20,434 shares. Samlyn Capital Lc reported 289,432 shares or 1.37% of all its holdings.

Arga Investment Management Lp, which manages about $2.25 billion and $843.57M US Long portfolio, upped its stake in Silicon Motion Technol (NASDAQ:SIMO) by 106,900 shares to 1.84 million shares, valued at $88.37M in 2017Q3, according to the filing. It also increased its holding in Yum China Holdings Inc by 142,100 shares in the quarter, for a total of 205,557 shares, and has risen its stake in C.

Since August 16, 2017, it had 0 insider buys, and 8 insider sales for $8.84 million activity. 5,971 shares were sold by ZARCONE DONNA F, worth $1.29M. MURABITO JOHN M had sold 6,099 shares worth $1.34M on Thursday, January 18. Shares for $85,184 were sold by HENNEY JANE E MD on Friday, January 12. The insider ZOLLARS WILLIAM D sold $230,662. On Wednesday, August 16 the insider Bacus Lisa R sold $402,366.

Among 20 analysts covering CIGNA (NYSE:CI), 16 have Buy rating, 0 Sell and 4 Hold. Therefore 80% are positive. CIGNA had 59 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Friday, November 3 by Morgan Stanley. The stock of Cigna Corporation (NYSE:CI) earned “Buy” rating by Citigroup on Friday, November 3. The stock has “Buy” rating by Piper Jaffray on Tuesday, October 31. UBS maintained it with “Buy” rating and $18600 target in Monday, June 5 report. The stock of Cigna Corporation (NYSE:CI) has “Buy” rating given on Friday, February 2 by Leerink Swann. The company was maintained on Friday, November 3 by RBC Capital Markets. Jefferies maintained the shares of CI in report on Wednesday, June 7 with “Buy” rating. Citigroup initiated the stock with “Buy” rating in Friday, October 2 report. Piper Jaffray maintained the shares of CI in report on Thursday, February 1 with “Buy” rating. The rating was maintained by RBC Capital Markets on Monday, May 8 with “Outperform”.

Among 21 analysts covering EQT Corporation (NYSE:EQT), 14 have Buy rating, 0 Sell and 7 Hold. Therefore 67% are positive. EQT Corporation had 80 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of EQT Corporation (NYSE:EQT) has “Neutral” rating given on Friday, December 9 by Seaport Global. The rating was initiated by SunTrust with “Hold” on Friday, December 8. The firm earned “Buy” rating on Wednesday, September 13 by Stifel Nicolaus. The company was upgraded on Friday, July 14 by Scotia Capital. The firm has “Buy” rating by Stifel Nicolaus given on Friday, August 26. BMO Capital Markets maintained the shares of EQT in report on Friday, September 1 with “Buy” rating. As per Wednesday, July 5, the company rating was downgraded by RBC Capital Markets. On Tuesday, June 14 the stock rating was downgraded by Deutsche Bank to “Hold”. The firm has “Hold” rating by Jefferies given on Tuesday, January 12. As per Monday, June 19, the company rating was maintained by Jefferies.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.20, from 0.88 in 2017Q2. It is positive, as 37 investors sold EQT shares while 145 reduced holdings. 68 funds opened positions while 129 raised stakes. 184.83 million shares or 6.77% more from 173.11 million shares in 2017Q2 were reported. Moreover, Wetherby Asset Mgmt has 0.04% invested in EQT Corporation (NYSE:EQT) for 3,840 shares. Hartford Management holds 0.27% in EQT Corporation (NYSE:EQT) or 8,077 shares. 20,140 are held by Mutual Of America Capital. Jefferies Grp Llc holds 0.04% or 89,337 shares. Connor Clark & Lunn Investment Ltd has 3,725 shares. Capital Innovations Llc holds 0.65% or 4,099 shares in its portfolio. Pub Employees Retirement Association Of Colorado holds 34,045 shares or 0.02% of its portfolio. Key Grp Inc Holdg (Cayman) Limited has invested 7.5% in EQT Corporation (NYSE:EQT). Reinhart Ptnrs Inc owns 280,252 shares. Ubs Asset Mgmt Americas Inc owns 485,324 shares or 0.03% of their US portfolio. Old Mutual Customised Solutions (Proprietary) Ltd invested 0.04% of its portfolio in EQT Corporation (NYSE:EQT). Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.03% or 53,766 shares in its portfolio. 48,031 were accumulated by Texas Permanent School Fund. Parametric Port Assoc Lc owns 366,583 shares or 0.03% of their US portfolio. Kbc Nv owns 84,731 shares.

Chapter Iv Investors Llc, which manages about $511.34M and $192.19 million US Long portfolio, upped its stake in Range Res Corp (NYSE:RRC) by 225,000 shares to 1.73M shares, valued at $33.76M in 2017Q3, according to the filing.

Since January 1, 2018, it had 2 insider purchases, and 0 sales for $40,356 activity. Another trade for 151 shares valued at $8,595 was made by Szydlowski Norman J on Monday, January 1.

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By1 Migdalia James

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