Van Eck Associates Has Upped Oceaneering International (OII) Holding by $7.37 Million as Stock Value Declined; As Ciena (CIEN) Share Price Rose, Honeywell International Raised Its Stake

April 17, 2018 - By Vivian Park

Ciena Corporation (NYSE:CIEN) Logo

Honeywell International Inc increased its stake in Ciena Corp (CIEN) by 60.94% based on its latest 2017Q4 regulatory filing with the SEC. Honeywell International Inc bought 359,700 shares as the company’s stock rose 19.18% while stock markets declined. The institutional investor held 950,000 shares of the telecommunications equipment company at the end of 2017Q4, valued at $19.88M, up from 590,300 at the end of the previous reported quarter. Honeywell International Inc who had been investing in Ciena Corp for a number of months, seems to be bullish on the $3.69B market cap company. The stock increased 0.35% or $0.09 during the last trading session, reaching $25.7. About 2.21 million shares traded. Ciena Corporation (NYSE:CIEN) has risen 9.21% since April 17, 2017 and is uptrending. It has underperformed by 2.34% the S&P500.

Van Eck Associates Corp increased its stake in Oceaneering International Inc (OII) by 25.07% based on its latest 2017Q4 regulatory filing with the SEC. Van Eck Associates Corp bought 351,023 shares as the company’s stock declined 8.44% with the market. The institutional investor held 1.75M shares of the energy company at the end of 2017Q4, valued at $37.02M, up from 1.40M at the end of the previous reported quarter. Van Eck Associates Corp who had been investing in Oceaneering International Inc for a number of months, seems to be bullish on the $1.98B market cap company. The stock decreased 2.00% or $0.41 during the last trading session, reaching $20.04. About 1.13M shares traded. Oceaneering International, Inc. (NYSE:OII) has declined 24.59% since April 17, 2017 and is downtrending. It has underperformed by 36.14% the S&P500.

Among 27 analysts covering Oceaneering International (NYSE:OII), 6 have Buy rating, 2 Sell and 19 Hold. Therefore 22% are positive. Oceaneering International had 77 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Oceaneering International, Inc. (NYSE:OII) has “Market Perform” rating given on Tuesday, October 18 by Wells Fargo. The firm has “Buy” rating given on Friday, April 29 by Societe Generale. As per Friday, October 27, the company rating was downgraded by PiperJaffray. The rating was downgraded by Wells Fargo to “Sell” on Friday, January 12. As per Friday, July 28, the company rating was maintained by Piper Jaffray. Cowen & Co maintained Oceaneering International, Inc. (NYSE:OII) on Friday, August 4 with “Hold” rating. The rating was maintained by Scotia Capital with “Buy” on Thursday, March 23. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, April 19. The stock has “Hold” rating by Cowen & Co on Friday, April 13. The company was maintained on Monday, October 30 by JP Morgan.

Van Eck Associates Corp, which manages about $30.53B and $20.27B US Long portfolio, decreased its stake in Biogen Inc (NASDAQ:BIIB) by 7,578 shares to 227,904 shares, valued at $72.60 million in 2017Q4, according to the filing. It also reduced its holding in Astrazeneca Plc (NYSE:AZN) by 33,636 shares in the quarter, leaving it with 419,190 shares, and cut its stake in Cosan Ltd (NYSE:CZZ).

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 0.41, from 1.29 in 2017Q3. It fall, as 48 investors sold OII shares while 76 reduced holdings. 35 funds opened positions while 74 raised stakes. 95.10 million shares or 4.36% less from 99.43 million shares in 2017Q3 were reported. Ls Invest Advisors Limited Liability Co has 0.01% invested in Oceaneering International, Inc. (NYSE:OII) for 6,422 shares. Systematic Financial Mngmt Lp invested in 0.03% or 79,215 shares. Pinebridge Invests Ltd Partnership invested in 0.02% or 30,652 shares. Geode Cap Mgmt Ltd invested 0.01% in Oceaneering International, Inc. (NYSE:OII). Ubs Asset Management Americas has invested 0% in Oceaneering International, Inc. (NYSE:OII). Cornerstone Management Hldgs Ltd Llc holds 231,981 shares or 0.03% of its portfolio. Georgia-based Advisory Svcs Network Ltd Liability has invested 0% in Oceaneering International, Inc. (NYSE:OII). Royal Bancorp Of Canada holds 0% or 248,055 shares. Ameritas Invest owns 28,910 shares. New Jersey Better Educational Savings Trust holds 17,000 shares or 0.36% of its portfolio. Alps Advisors Inc stated it has 0% in Oceaneering International, Inc. (NYSE:OII). State Of New Jersey Common Pension Fund D reported 471,000 shares. Barclays Pcl stated it has 184,453 shares or 0% of all its holdings. D E Shaw & reported 0% in Oceaneering International, Inc. (NYSE:OII). Virginia Retirement Sys Et Al holds 0% or 9,753 shares.

Since December 18, 2017, it had 0 buys, and 1 insider sale for $5,956 activity.

Honeywell International Inc, which manages about $3.02 billion US Long portfolio, decreased its stake in Voya Finl Inc (NYSE:VOYA) by 199,500 shares to 626,500 shares, valued at $30.99 million in 2017Q4, according to the filing. It also reduced its holding in Comcast Corp (NASDAQ:CMCSA) by 549,200 shares in the quarter, leaving it with 968,800 shares, and cut its stake in Autozone Inc (NYSE:AZO).

Investors sentiment decreased to 0.94 in 2017 Q4. Its down 0.06, from 1 in 2017Q3. It dropped, as 47 investors sold CIEN shares while 80 reduced holdings. 44 funds opened positions while 76 raised stakes. 142.49 million shares or 3.75% less from 148.04 million shares in 2017Q3 were reported. Emerald Mutual Fund Advisers Tru holds 483,698 shares. Susquehanna Intll Ltd Liability Partnership accumulated 526,601 shares. Citadel Advisors accumulated 1.02 million shares. Advantus Cap Mngmt has invested 0.01% in Ciena Corporation (NYSE:CIEN). Fil invested in 3.57 million shares or 0.21% of the stock. Virtu Ltd Liability Co holds 12,467 shares or 0.01% of its portfolio. Cim Mangement Inc stated it has 18,536 shares or 0.13% of all its holdings. Washington Capital holds 0.35% or 16,800 shares in its portfolio. Schroder Invest Group has invested 0.12% of its portfolio in Ciena Corporation (NYSE:CIEN). Louisiana State Employees Retirement invested in 36,100 shares or 0.03% of the stock. Fincl Bank Of Ny Mellon invested in 12.77 million shares or 0.07% of the stock. Goldman Sachs Gp Inc, New York-based fund reported 2.45 million shares. Meiji Yasuda Life has invested 0.1% in Ciena Corporation (NYSE:CIEN). Honeywell International Inc stated it has 950,000 shares or 0.66% of all its holdings. Mason Street Advsrs Limited Liability Com accumulated 70,298 shares or 0.03% of the stock.

Oceaneering International, Inc. (NYSE:OII) Institutional Positions Chart

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