Laredo Petroleum (LPI) Share Price Declined While Impala Asset Management Has Raised Stake; Cibc World Markets Position in Interpublic Group Cos (IPG) Lifted as Share Price Declined

February 15, 2018 - By Migdalia James

Cibc World Markets Inc increased its stake in Interpublic Group Cos Inc (IPG) by 340.45% based on its latest 2017Q3 regulatory filing with the SEC. Cibc World Markets Inc bought 41,140 shares as the company’s stock declined 0.78% while stock markets rallied. The institutional investor held 53,224 shares of the technology company at the end of 2017Q3, valued at $1.11 million, up from 12,084 at the end of the previous reported quarter. Cibc World Markets Inc who had been investing in Interpublic Group Cos Inc for a number of months, seems to be bullish on the $9.52B market cap company. The stock increased 10.22% or $2.27 during the last trading session, reaching $24.49. About 16.88M shares traded or 211.25% up from the average. The Interpublic Group of Companies, Inc. (NYSE:IPG) has risen 3.01% since February 15, 2017 and is uptrending. It has underperformed by 13.69% the S&P500.

Robert Bishop increased its stake in Laredo Petroleum Inc (LPI) by 11.43% based on its latest 2017Q3 regulatory filing with the SEC. Impala Asset Management Llc bought 276,371 shares as the company’s stock declined 8.43% while stock markets rallied. The hedge fund run by Robert Bishop held 2.69M shares of the energy company at the end of 2017Q3, valued at $34.83M, up from 2.42M at the end of the previous reported quarter. Impala Asset Management Llc who had been investing in Laredo Petroleum Inc for a number of months, seems to be bullish on the $1.90B market cap company. The stock increased 4.76% or $0.36 during the last trading session, reaching $7.93. About 3.92 million shares traded or 31.75% up from the average. Laredo Petroleum, Inc. (NYSE:LPI) has risen 17.65% since February 15, 2017 and is uptrending. It has outperformed by 0.95% the S&P500.

Investors sentiment increased to 1.2 in Q3 2017. Its up 0.26, from 0.94 in 2017Q2. It improved, as 23 investors sold LPI shares while 41 reduced holdings. 20 funds opened positions while 57 raised stakes. 254.15 million shares or 0.31% more from 253.36 million shares in 2017Q2 were reported. Us Bankshares De owns 200 shares or 0% of their US portfolio. Wellington Mgmt Group Ltd Liability Partnership holds 0.03% or 11.07 million shares. Citigroup stated it has 14,078 shares. Citadel Advisors Ltd Liability owns 161,887 shares or 0% of their US portfolio. Metropolitan Life New York has 12,229 shares. Icon Advisers reported 483,150 shares stake. Gideon Cap Advisors Incorporated stated it has 15,491 shares. Northwestern Mutual Wealth Management invested in 498 shares. Morgan Stanley holds 0% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 82,648 shares. Utah Retirement Systems holds 0.01% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 29,666 shares. 28,880 were reported by Systematic Fin Management L P. Hap Trading Llc owns 0.01% invested in Laredo Petroleum, Inc. (NYSE:LPI) for 22,932 shares. Encompass Cap Advsr Limited Liability holds 3.31 million shares or 6.97% of its portfolio. State Street has 0.01% invested in Laredo Petroleum, Inc. (NYSE:LPI). Hbk Invs Limited Partnership holds 0.01% of its portfolio in Laredo Petroleum, Inc. (NYSE:LPI) for 62,912 shares.

Impala Asset Management Llc, which manages about $2.53B and $2.24B US Long portfolio, decreased its stake in Caterpillar Inc Del (NYSE:CAT) by 76,387 shares to 933,420 shares, valued at $116.41 million in 2017Q3, according to the filing. It also reduced its holding in Rio Tinto Plc (NYSE:RIO) by 517,298 shares in the quarter, leaving it with 2.79 million shares, and cut its stake in Teck Resources Ltd (Call) (NYSE:TCK).

Among 34 analysts covering Laredo Petroleum Holdings Inc (NYSE:LPI), 14 have Buy rating, 3 Sell and 17 Hold. Therefore 41% are positive. Laredo Petroleum Holdings Inc had 97 analyst reports since July 21, 2015 according to SRatingsIntel. On Wednesday, February 15 the stock rating was maintained by FBR Capital with “Outperform”. On Friday, May 13 the stock rating was upgraded by JP Morgan to “Neutral”. As per Wednesday, December 9, the company rating was initiated by JP Morgan. The stock of Laredo Petroleum, Inc. (NYSE:LPI) earned “Overweight” rating by Piper Jaffray on Tuesday, February 21. KLR Group upgraded Laredo Petroleum, Inc. (NYSE:LPI) on Thursday, February 18 to “Accumulate” rating. The stock has “Equal-Weight” rating by Stephens on Thursday, February 18. The stock has “Neutral” rating by Seaport Global on Tuesday, August 30. The rating was downgraded by Cowen & Co to “Market Perform” on Monday, April 18. Cowen & Co maintained the shares of LPI in report on Tuesday, July 18 with “Hold” rating. IBERIA downgraded the stock to “Sector Perform” rating in Tuesday, October 13 report.

Among 17 analysts covering Interpublic Group of Companies (NYSE:IPG), 10 have Buy rating, 2 Sell and 5 Hold. Therefore 59% are positive. Interpublic Group of Companies had 47 analyst reports since September 7, 2015 according to SRatingsIntel. Jefferies maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) rating on Monday, August 28. Jefferies has “Buy” rating and $26.0 target. The rating was maintained by RBC Capital Markets on Thursday, July 13 with “Buy”. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Outperform” rating given on Friday, September 11 by FBR Capital. Pivotal Research downgraded The Interpublic Group of Companies, Inc. (NYSE:IPG) on Thursday, January 12 to “Hold” rating. The stock has “Hold” rating by Pivotal Research on Wednesday, October 21. BMO Capital Markets maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) on Thursday, July 13 with “Buy” rating. Wells Fargo maintained The Interpublic Group of Companies, Inc. (NYSE:IPG) on Thursday, April 13 with “Buy” rating. The firm earned “Buy” rating on Monday, June 26 by Jefferies. The stock has “Buy” rating by BMO Capital Markets on Monday, October 16. The stock of The Interpublic Group of Companies, Inc. (NYSE:IPG) has “Sector Perform” rating given on Wednesday, July 26 by RBC Capital Markets.

Cibc World Markets Inc, which manages about $20.88 billion US Long portfolio, decreased its stake in Digital Rlty Tr Inc (NYSE:DLR) by 10,745 shares to 5,233 shares, valued at $619,000 in 2017Q3, according to the filing. It also reduced its holding in Firstenergy Corp (NYSE:FE) by 368,148 shares in the quarter, leaving it with 31,852 shares, and cut its stake in Discover Finl Svcs (NYSE:DFS).

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By1 Migdalia James

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