Saba Capital Management LP Trimmed Its Rowan Companies Plc (RDC) Position as Valuation Declined; Mosaic Financial Partners Has Lowered Its Holding in Rayonier (RYN) by $370,822 as Stock Value Rose

May 20, 2018 - By Peter Erickson

Rayonier Inc. (NYSE:RYN) Logo

Mosaic Financial Partners Inc decreased its stake in Rayonier Inc (RYN) by 7.11% based on its latest 2017Q4 regulatory filing with the SEC. Mosaic Financial Partners Inc sold 11,962 shares as the company’s stock rose 13.03% while stock markets declined. The institutional investor held 156,366 shares of the real estate investment trusts company at the end of 2017Q4, valued at $4.95 million, down from 168,328 at the end of the previous reported quarter. Mosaic Financial Partners Inc who had been investing in Rayonier Inc for a number of months, seems to be less bullish one the $4.84 billion market cap company. The stock increased 0.43% or $0.16 during the last trading session, reaching $37.58. About 731,915 shares traded. Rayonier Inc. (NYSE:RYN) has risen 25.96% since May 20, 2017 and is uptrending. It has outperformed by 14.41% the S&P500.

Boaz Weinstein decreased its stake in Rowan Companies Plc (RDC) by 22.21% based on its latest 2017Q4 regulatory filing with the SEC. Saba Capital Management Lp sold 86,974 shares as the company’s stock declined 25.51% with the market. The hedge fund run by Boaz Weinstein held 304,578 shares of the oil & gas production company at the end of 2017Q4, valued at $4.77 million, down from 391,552 at the end of the previous reported quarter. Saba Capital Management Lp who had been investing in Rowan Companies Plc for a number of months, seems to be less bullish one the $2.12 billion market cap company. The stock decreased 0.18% or $0.03 during the last trading session, reaching $16.71. About 2.06 million shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since May 20, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

Since February 22, 2018, it had 0 buys, and 1 insider sale for $47,686 activity.

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 3 Sell and 23 Hold. Therefore 21% are positive. Rowan Companies Inc. had 105 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of Rowan Companies plc (NYSE:RDC) has “Buy” rating given on Monday, November 30 by Guggenheim. The firm has “Hold” rating by Scotia Capital given on Thursday, March 23. UBS maintained Rowan Companies plc (NYSE:RDC) rating on Monday, November 6. UBS has “Buy” rating and $18 target. BMO Capital Markets maintained it with “Hold” rating and $1200 target in Friday, August 4 report. Cowen & Co maintained Rowan Companies plc (NYSE:RDC) rating on Thursday, August 6. Cowen & Co has “Market Perform” rating and $18 target. HSBC initiated the shares of RDC in report on Thursday, October 19 with “Buy” rating. As per Tuesday, September 19, the company rating was maintained by Piper Jaffray. Credit Agricole downgraded Rowan Companies plc (NYSE:RDC) on Tuesday, December 22 to “Underperform” rating. The firm has “Hold” rating by Piper Jaffray given on Wednesday, January 10. As per Monday, June 13, the company rating was maintained by Bank of America.

Saba Capital Management Lp, which manages about $7.93 billion and $1.28B US Long portfolio, upped its stake in Hertz Global Hldgs Inc by 42,924 shares to 278,975 shares, valued at $6.17 million in 2017Q4, according to the filing. It also increased its holding in Mbia Inc (Put) (NYSE:MBI) by 5.15 million shares in the quarter, for a total of 8.16 million shares, and has risen its stake in Supervalu Inc.

More recent Rowan Companies plc (NYSE:RDC) news were published by: Seekingalpha.com which released: “Rowan Signs 18-Month Contract For Jackup” on April 27, 2018. Also Seekingalpha.com published the news titled: “Rowan JackUps Get 4 Contracts” on April 30, 2018. Seekingalpha.com‘s news article titled: “Rowan Companies – Attractive Cryptic Balance Sheet” with publication date: May 07, 2018 was also an interesting one.

Investors sentiment increased to 0.95 in 2017 Q4. Its up 0.25, from 0.7 in 2017Q3. It is positive, as 24 investors sold RDC shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported. Credit Suisse Ag accumulated 154,899 shares or 0% of the stock. Swiss Savings Bank has 202,000 shares for 0% of their portfolio. Convergence Investment Ltd Liability Corporation reported 73,102 shares or 0.15% of all its holdings. 996,725 are owned by Pzena Inv Mngmt Limited Co. Indexiq Advsr Llc owns 3,585 shares. New Mexico Educational Retirement Board holds 28,100 shares or 0.02% of its portfolio. Boothbay Fund Mgmt Ltd Liability Company has invested 0.06% in Rowan Companies plc (NYSE:RDC). The Ontario – Canada-based Manufacturers Life Insurance The has invested 0% in Rowan Companies plc (NYSE:RDC). Fmr Limited Liability Company stated it has 1.65M shares. American International Gp holds 0.02% or 311,316 shares in its portfolio. State Street Corporation reported 4.88M shares. State Treasurer State Of Michigan has invested 0.01% of its portfolio in Rowan Companies plc (NYSE:RDC). Lsv Asset Mgmt reported 1.52M shares stake. Northern Trust Corporation accumulated 2.85M shares or 0.01% of the stock. The New York-based Sg Americas Secs Llc has invested 0% in Rowan Companies plc (NYSE:RDC).

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on August, 1. They expect $-0.87 EPS, down 248.00% or $0.62 from last year’s $-0.25 per share. After $-0.89 actual EPS reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts -2.25% EPS growth.

Among 8 analysts covering Rayonier (NYSE:RYN), 2 have Buy rating, 1 Sell and 5 Hold. Therefore 25% are positive. Rayonier had 24 analyst reports since August 6, 2015 according to SRatingsIntel. BMO Capital Markets maintained the stock with “Buy” rating in Wednesday, July 26 report. DA Davidson downgraded the shares of RYN in report on Friday, February 10 to “Neutral” rating. RBC Capital Markets maintained the shares of RYN in report on Monday, September 4 with “Hold” rating. The firm earned “Hold” rating on Wednesday, November 1 by BMO Capital Markets. The rating was upgraded by Buckingham Research to “Buy” on Thursday, August 6. The firm has “Hold” rating by BMO Capital Markets given on Wednesday, September 27. The firm earned “Sector Perform” rating on Friday, February 12 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, August 7 report. Vertical Research upgraded Rayonier Inc. (NYSE:RYN) on Friday, May 26 to “Buy” rating. The stock has “Hold” rating by RBC Capital Markets on Friday, October 6.

Mosaic Financial Partners Inc, which manages about $174.09 million US Long portfolio, upped its stake in Ubs Etracs Alerian Mlp Infras (MLPI) by 89,237 shares to 462,521 shares, valued at $11.19 million in 2017Q4, according to the filing. It also increased its holding in Vanguard Total Int’l Bond Etf (BNDX) by 8,864 shares in the quarter, for a total of 106,232 shares, and has risen its stake in Jpmorgan Alerian Mlp Index Et (AMJ).

Analysts await Rayonier Inc. (NYSE:RYN) to report earnings on August, 1. They expect $0.18 earnings per share, down 10.00% or $0.02 from last year’s $0.2 per share. RYN’s profit will be $23.20 million for 52.19 P/E if the $0.18 EPS becomes a reality. After $0.31 actual earnings per share reported by Rayonier Inc. for the previous quarter, Wall Street now forecasts -41.94% negative EPS growth.

Investors sentiment decreased to 1.22 in Q4 2017. Its down 0.08, from 1.3 in 2017Q3. It is negative, as 25 investors sold RYN shares while 68 reduced holdings. 37 funds opened positions while 76 raised stakes. 105.35 million shares or 0.29% less from 105.65 million shares in 2017Q3 were reported. Legal And General Group Public Limited Com reported 0% of its portfolio in Rayonier Inc. (NYSE:RYN). Zacks Invest stated it has 0.02% of its portfolio in Rayonier Inc. (NYSE:RYN). Bahl And Gaynor reported 9,524 shares. Palladium Prtn Limited Liability Corporation has invested 0.04% of its portfolio in Rayonier Inc. (NYSE:RYN). Interactive Advisors reported 0.02% stake. Savings Bank Of Mellon has 1.54 million shares for 0.01% of their portfolio. Hanson Doremus Inv Management has 0% invested in Rayonier Inc. (NYSE:RYN). Winslow Evans Crocker Inc has invested 0% of its portfolio in Rayonier Inc. (NYSE:RYN). Oregon Pub Employees Retirement Fund invested in 0.02% or 47,493 shares. Balyasny Asset Mngmt Lc accumulated 61,964 shares or 0.01% of the stock. State Street Corp owns 3.61M shares. Spinnaker has invested 0.04% in Rayonier Inc. (NYSE:RYN). Savings Bank Of Montreal Can has 0% invested in Rayonier Inc. (NYSE:RYN). Ftb Advsr holds 600 shares or 0% of its portfolio. Jane Street Group Incorporated Limited Liability Com owns 8,837 shares.

More news for Rayonier Inc. (NYSE:RYN) were recently published by: Seekingalpha.com, which released: “Rayonier’s (RYN) CEO David Nunes on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Businesswire.com‘s article titled: “Rayonier Reports First Quarter 2018 Results” and published on May 02, 2018 is yet another important article.

Rayonier Inc. (NYSE:RYN) Institutional Positions Chart

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