Wells Fargo & Co (WFC) Holder Firefly Value Partners LP Has Boosted Its Holding by $10.50 Million; As Diamond Offshore Drilling (DO) Stock Value Declined, Holder Horseman Capital Management LTD Decreased Its Stake

April 26, 2018 - By David Stenberg

Wells Fargo & Company (NYSE:WFC) Logo

Ryan Heslop increased its stake in Wells Fargo & Co (WFC) by 19.07% based on its latest 2017Q4 regulatory filing with the SEC. Firefly Value Partners Lp bought 175,000 shares as the company’s stock declined 16.98% with the market. The hedge fund run by Ryan Heslop held 1.09 million shares of the major banks company at the end of 2017Q4, valued at $66.29 million, up from 917,674 at the end of the previous reported quarter. Firefly Value Partners Lp who had been investing in Wells Fargo & Co for a number of months, seems to be bullish on the $256.07B market cap company. The stock decreased 1.07% or $0.57 during the last trading session, reaching $52.54. About 5.65M shares traded. Wells Fargo & Company (NYSE:WFC) has declined 7.75% since April 26, 2017 and is downtrending. It has underperformed by 19.30% the S&P500.

John Horseman decreased its stake in Diamond Offshore Drilling Inc (DO) by 6.35% based on its latest 2017Q4 regulatory filing with the SEC. Horseman Capital Management Ltd sold 135,600 shares as the company’s stock declined 20.97% with the market. The hedge fund run by John Horseman held 2.00 million shares of the energy company at the end of 2017Q4, valued at $37.15 million, down from 2.13 million at the end of the previous reported quarter. Horseman Capital Management Ltd who had been investing in Diamond Offshore Drilling Inc for a number of months, seems to be less bullish one the $2.67B market cap company. The stock increased 0.99% or $0.19 during the last trading session, reaching $19.45. About 460,508 shares traded. Diamond Offshore Drilling, Inc. (NYSE:DO) has declined 5.41% since April 26, 2017 and is downtrending. It has underperformed by 16.96% the S&P500.

Analysts await Diamond Offshore Drilling, Inc. (NYSE:DO) to report earnings on April, 30 before the open. They expect $-0.19 EPS, down 211.76% or $0.36 from last year’s $0.17 per share. After $-0.05 actual EPS reported by Diamond Offshore Drilling, Inc. for the previous quarter, Wall Street now forecasts 280.00% negative EPS growth.

Horseman Capital Management Ltd, which manages about $475.05M US Long portfolio, upped its stake in Tesla Inc (NASDAQ:TSLA) by 13,000 shares to 30,000 shares, valued at $9.34M in 2017Q4, according to the filing. It also increased its holding in Ensco Plc (NYSE:ESV) by 1.93 million shares in the quarter, for a total of 3.83 million shares, and has risen its stake in Microsoft Corp (NASDAQ:MSFT).

Among 36 analysts covering Diamond Offshore Drilling Inc. (NYSE:DO), 6 have Buy rating, 13 Sell and 17 Hold. Therefore 17% are positive. Diamond Offshore Drilling Inc. had 93 analyst reports since August 5, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, March 11 by Simmons & Co. The firm has “Hold” rating given on Friday, April 13 by Susquehanna. The stock of Diamond Offshore Drilling, Inc. (NYSE:DO) earned “Neutral” rating by Citigroup on Friday, January 29. The company was maintained on Thursday, December 21 by RBC Capital Markets. As per Monday, September 19, the company rating was upgraded by Zephrin Group. The firm has “Hold” rating by Tudor Pickering given on Friday, March 24. On Friday, March 11 the stock rating was upgraded by Goldman Sachs to “Neutral”. The firm has “Sell” rating given on Tuesday, October 20 by Citigroup. Citigroup maintained Diamond Offshore Drilling, Inc. (NYSE:DO) rating on Friday, September 2. Citigroup has “Neutral” rating and $18 target. RBC Capital Markets maintained the shares of DO in report on Friday, September 1 with “Hold” rating.

Investors sentiment decreased to 0.9 in 2017 Q4. Its down 0.39, from 1.29 in 2017Q3. It turned negative, as 40 investors sold DO shares while 66 reduced holdings. 40 funds opened positions while 55 raised stakes. 144.48 million shares or 3.73% less from 150.07 million shares in 2017Q3 were reported. Huntington Savings Bank reported 550 shares. Fortress Investment Limited Company owns 30,975 shares or 0.01% of their US portfolio. Corecommodity Management Ltd Liability Com holds 4,109 shares. State Teachers Retirement System accumulated 0.01% or 133,100 shares. Country Tru National Bank reported 0% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Point72 Asset Mngmt LP stated it has 350,000 shares or 0.03% of all its holdings. Acadian Asset Mgmt Ltd Co, Massachusetts-based fund reported 400 shares. 77,552 were accumulated by Ahl Ptnrs Ltd Liability Partnership. Aimz Inv Advisors Ltd Com has invested 0.54% of its portfolio in Diamond Offshore Drilling, Inc. (NYSE:DO). Boston Prtnrs holds 142,429 shares. Meeder Asset Inc has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO). Robeco Institutional Asset Management Bv reported 445,897 shares stake. 5.83 million were accumulated by Contrarius Inv Mgmt. 46,200 were reported by Grantham Mayo Van Otterloo & Ltd. Moreover, State Street Corp has 0% invested in Diamond Offshore Drilling, Inc. (NYSE:DO) for 2.91 million shares.

Investors sentiment increased to 0.75 in 2017 Q4. Its up 0.02, from 0.73 in 2017Q3. It improved, as 63 investors sold WFC shares while 746 reduced holdings. 138 funds opened positions while 466 raised stakes. 3.64 billion shares or 0.11% less from 3.65 billion shares in 2017Q3 were reported. The Massachusetts-based State Street Corp has invested 0.99% in Wells Fargo & Company (NYSE:WFC). Putnam Llc reported 0.43% stake. Gradient Invests has invested 0.04% of its portfolio in Wells Fargo & Company (NYSE:WFC). Cypress Grp has invested 0.42% of its portfolio in Wells Fargo & Company (NYSE:WFC). Intact Investment Management reported 17,500 shares. Warren Averett Asset Mgmt Limited Liability has invested 0.38% of its portfolio in Wells Fargo & Company (NYSE:WFC). Los Angeles Capital Management Equity Research stated it has 1.03M shares. Heritage Invsts Management Corp invested 0.86% in Wells Fargo & Company (NYSE:WFC). Nuveen Asset Management Ltd Liability Company holds 847,622 shares. Btr Cap reported 24,894 shares. Rockland Tru has invested 2.54% in Wells Fargo & Company (NYSE:WFC). Garde Cap Inc has invested 0.24% in Wells Fargo & Company (NYSE:WFC). Fulton Breakefield Broenniman Limited Liability Company stated it has 24,494 shares or 0.25% of all its holdings. Retail Bank Of Montreal Can holds 0.7% or 13.21 million shares in its portfolio. Gabelli Advisers holds 81,893 shares.

Among 39 analysts covering Wells Fargo & Company (NYSE:WFC), 15 have Buy rating, 9 Sell and 15 Hold. Therefore 38% are positive. Wells Fargo & Company had 146 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained it with “Overweight” rating and $61 target in Monday, July 18 report. Citigroup upgraded the shares of WFC in report on Thursday, January 7 to “Buy” rating. Nomura maintained it with “Buy” rating and $58 target in Monday, April 25 report. On Friday, April 15 the stock rating was downgraded by Piper Jaffray to “Underweight”. Robert W. Baird upgraded the stock to “Outperform” rating in Monday, September 19 report. The firm has “Buy” rating by Goldman Sachs given on Thursday, January 4. The company was upgraded on Tuesday, April 11 by Piper Jaffray. The stock has “Hold” rating by Sandler O’Neill on Wednesday, April 12. The firm has “Hold” rating given on Thursday, February 8 by Jefferies. Robert W. Baird maintained the stock with “Buy” rating in Monday, February 5 report.

Since November 17, 2017, it had 0 insider purchases, and 1 sale for $292,234 activity.

Diamond Offshore Drilling, Inc. (NYSE:DO) Institutional Positions Chart

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