Pinnacle Associates LTD Has Raised By $347,750 Its Parsley Energy (PE) Holding; First Bancshares (FBMS)’s Sentiment Is 2

February 20, 2018 - By Linda Rogers

Pinnacle Associates Ltd increased Parsley Energy Inc (PE) stake by 55.73% reported in 2017Q3 SEC filing. Pinnacle Associates Ltd acquired 13,375 shares as Parsley Energy Inc (PE)’s stock declined 0.66%. The Pinnacle Associates Ltd holds 37,375 shares with $984,000 value, up from 24,000 last quarter. Parsley Energy Inc now has $7.37B valuation. The stock decreased 0.13% or $0.03 during the last trading session, reaching $23.43. About 1.35 million shares traded. Parsley Energy, Inc. (NYSE:PE) has risen 26.09% since February 20, 2017 and is uptrending. It has outperformed by 9.39% the S&P500.

The First Bancshares, Inc. operates as the holding firm for The First, A National Banking Association that provides commercial and retail banking services to small to medium-sized businesses, professional concerns, and individuals. The company has market cap of $357.70 million. It accepts various deposit products, including checking accounts, NOW accounts, and savings accounts; time deposits, such as money market accounts and certificates of deposit; and individual retirement accounts. It has a 28.86 P/E ratio. The firm also offers commercial loans comprising secured and unsecured loans for working capital, business expansion, and purchase of equipment and machinery; consumer loans consisting of equity lines of credit, and secured and unsecured loans for financing automobiles, home improvements, education, and personal investments; and real estate construction and acquisition loans.

Jcsd Capital Llc holds 8.29% of its portfolio in The First Bancshares, Inc. for 290,867 shares. Castine Capital Management Llc owns 322,714 shares or 3.59% of their US portfolio. Moreover, Stieven Capital Advisors L.P. has 2.6% invested in the company for 454,693 shares. The New York-based Jacobs Asset Management Llc has invested 1.3% in the stock. Mendon Capital Advisors Corp, a New York-based fund reported 392,934 shares.

The stock decreased 0.67% or $0.21 during the last trading session, reaching $32.04. About 9,537 shares traded. The First Bancshares, Inc. (FBMS) has risen 69.69% since February 20, 2017 and is uptrending. It has outperformed by 52.99% the S&P500.

Investors sentiment decreased to 1.13 in 2017 Q3. Its down 0.27, from 1.4 in 2017Q2. It worsened, as 51 investors sold PE shares while 91 reduced holdings. 49 funds opened positions while 111 raised stakes. 246.67 million shares or 3.47% more from 238.40 million shares in 2017Q2 were reported. Aqr Capital Mngmt Lc holds 0% or 17,582 shares in its portfolio. Moreover, D E Shaw And has 0% invested in Parsley Energy, Inc. (NYSE:PE). Point72 Asset Mngmt Limited Partnership holds 5.71M shares. Lombard Odier Asset (Europe) Ltd reported 24,216 shares stake. Pacad Investment accumulated 21,300 shares. Barclays Public Ltd invested 0% in Parsley Energy, Inc. (NYSE:PE). Mcf Advsr Ltd Liability Corp has invested 0% in Parsley Energy, Inc. (NYSE:PE). Westpac Bk has 16,823 shares for 0.01% of their portfolio. Raymond James Associate accumulated 434,048 shares or 0.02% of the stock. Three Peaks Cap Mgmt Ltd Liability Corp owns 56,414 shares for 0.22% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) has 41,402 shares for 0.01% of their portfolio. Sir Mgmt Limited Partnership has 3.85% invested in Parsley Energy, Inc. (NYSE:PE). Jane Street Ltd Liability Co reported 0% stake. Kbc Group Nv, a Belgium-based fund reported 150,798 shares. Deltec Asset Ltd Limited Liability Company reported 227,600 shares stake.

Among 36 analysts covering Parsley Energy Inc (NYSE:PE), 29 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 125 analyst reports since July 21, 2015 according to SRatingsIntel. The company was downgraded on Wednesday, October 12 by Macquarie Research. Seaport Global downgraded Parsley Energy, Inc. (NYSE:PE) rating on Monday, July 17. Seaport Global has “Hold” rating and $3000 target. JP Morgan maintained Parsley Energy, Inc. (NYSE:PE) rating on Tuesday, March 15. JP Morgan has “Overweight” rating and $23 target. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Hold” rating by Citigroup on Tuesday, January 30. Northland Capital maintained the shares of PE in report on Monday, September 25 with “Buy” rating. The rating was upgraded by Howard Weil to “Focus Stock” on Monday, November 30. On Friday, August 21 the stock rating was maintained by Credit Suisse with “Outperform”. The firm has “Buy” rating given on Thursday, January 11 by BMO Capital Markets. The firm has “Outperform” rating given on Wednesday, August 12 by Oppenheimer. The stock has “Outperform” rating by FBR Capital on Tuesday, September 13.

Pinnacle Associates Ltd decreased Time Warner Inc (NYSE:TWX) stake by 51,285 shares to 108,049 valued at $11.07M in 2017Q3. It also reduced Telephone & Data Sys Inc (NYSE:TDS) stake by 28,568 shares and now owns 1.20 million shares. Cvs Health Corp (NYSE:CVS) was reduced too.

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By1 Linda Rogers

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