Western Alliance Bancorp (WAL) Holder Tygh Capital Management Has Increased Position; Fluor (FLR) Holder Energy Opportunities Capital Management Has Boosted Its Stake by $1.04 Million as Market Value Declined

February 13, 2018 - By Peter Erickson

Energy Opportunities Capital Management Llc increased its stake in Fluor Corp (FLR) by 83.52% based on its latest 2017Q3 regulatory filing with the SEC. Energy Opportunities Capital Management Llc bought 24,649 shares as the company’s stock declined 18.75% while stock markets rallied. The institutional investor held 54,160 shares of the military and government and technical company at the end of 2017Q3, valued at $2.28 million, up from 29,511 at the end of the previous reported quarter. Energy Opportunities Capital Management Llc who had been investing in Fluor Corp for a number of months, seems to be bullish on the $7.88 billion market cap company. The stock increased 2.36% or $1.3 during the last trading session, reaching $56.31. About 1.55M shares traded or 9.04% up from the average. Fluor Corporation (NYSE:FLR) has declined 7.15% since February 13, 2017 and is downtrending. It has underperformed by 23.85% the S&P500.

Tygh Capital Management Inc increased its stake in Western Alliance Bancorp (WAL) by 24.79% based on its latest 2017Q3 regulatory filing with the SEC. Tygh Capital Management Inc bought 30,975 shares as the company’s stock declined 13.36% while stock markets rallied. The institutional investor held 155,936 shares of the major banks company at the end of 2017Q3, valued at $8.28M, up from 124,961 at the end of the previous reported quarter. Tygh Capital Management Inc who had been investing in Western Alliance Bancorp for a number of months, seems to be bullish on the $6.11 billion market cap company. The stock increased 0.03% or $0.02 during the last trading session, reaching $57.92. About 592,401 shares traded. Western Alliance Bancorporation (NYSE:WAL) has risen 29.08% since February 13, 2017 and is uptrending. It has outperformed by 12.38% the S&P500.

Tygh Capital Management Inc, which manages about $521.11 million and $500.47 million US Long portfolio, decreased its stake in Ptc Inc (NASDAQ:PTC) by 84,580 shares to 69,632 shares, valued at $3.92 million in 2017Q3, according to the filing. It also reduced its holding in Patterson Uti Energy Com (NASDAQ:PTEN) by 18,322 shares in the quarter, leaving it with 89,002 shares, and cut its stake in Tower Semiconductor Ltd (NASDAQ:TSEM).

Since August 16, 2017, it had 1 insider purchase, and 9 sales for $10.18 million activity. Theisen Randall S sold $173,578 worth of stock or 2,942 shares. BEACH BRUCE D sold $223,560 worth of Western Alliance Bancorporation (NYSE:WAL) on Wednesday, October 25. Sohn Sung Won sold $279,450 worth of stock. 100,000 shares valued at $4.84 million were sold by Sarver Robert Gary on Wednesday, August 16. $223,880 worth of Western Alliance Bancorporation (NYSE:WAL) shares were sold by SNYDER DONALD D. 29 shares were bought by LATTA ROBERT P, worth $1,722.

Among 13 analysts covering Western Alliance Bancorp (NYSE:WAL), 13 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Western Alliance Bancorp had 48 analyst reports since September 8, 2015 according to SRatingsIntel. SunTrust maintained it with “Buy” rating and $66.0 target in Monday, January 8 report. Keefe Bruyette & Woods maintained it with “Buy” rating and $70.0 target in Thursday, December 21 report. Keefe Bruyette & Woods maintained the shares of WAL in report on Friday, September 1 with “Buy” rating. The stock of Western Alliance Bancorporation (NYSE:WAL) has “Buy” rating given on Thursday, October 26 by SunTrust. The firm has “Buy” rating given on Thursday, September 7 by RBC Capital Markets. Jefferies maintained the shares of WAL in report on Sunday, August 27 with “Buy” rating. Barclays Capital maintained Western Alliance Bancorporation (NYSE:WAL) on Wednesday, October 11 with “Overweight” rating. The firm has “Buy” rating by Sandler O’Neill given on Thursday, January 4. Barclays Capital maintained the stock with “Overweight” rating in Monday, October 23 report. The company was maintained on Friday, January 26 by RBC Capital Markets.

Investors sentiment increased to 1.32 in Q3 2017. Its up 0.30, from 1.02 in 2017Q2. It improved, as 20 investors sold WAL shares while 85 reduced holdings. 42 funds opened positions while 97 raised stakes. 84.78 million shares or 0.26% more from 84.56 million shares in 2017Q2 were reported. Glenmede Na owns 880,126 shares for 0.2% of their portfolio. Gam Holdings Ag reported 14,923 shares or 0.03% of all its holdings. 55,305 were reported by Hightower Advisors Ltd Company. The California-based United Cap Financial Advisers Ltd has invested 0% in Western Alliance Bancorporation (NYSE:WAL). Raymond James Services Advsrs Inc holds 4,145 shares. Suntrust Banks reported 0.01% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Creative Planning has 39,693 shares. Dearborn Ltd Limited Liability Company stated it has 0.02% of its portfolio in Western Alliance Bancorporation (NYSE:WAL). Envestnet Asset Inc holds 0.01% in Western Alliance Bancorporation (NYSE:WAL) or 39,891 shares. Loomis Sayles And LP invested in 0.02% or 154,780 shares. Sirios Capital Mngmt LP holds 270,211 shares or 0.75% of its portfolio. Assetmark invested in 68 shares. Point72 Asset Lp has 50,000 shares. Kennedy Cap Inc invested in 398,021 shares. Rafferty Asset Management Limited Liability Corporation reported 0.02% in Western Alliance Bancorporation (NYSE:WAL).

Among 18 analysts covering Fluor Corporation (NYSE:FLR), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. Fluor Corporation had 52 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Fluor Corporation (NYSE:FLR) earned “Neutral” rating by Robert W. Baird on Friday, November 3. The rating was maintained by Cowen & Co on Friday, July 31 with “Outperform”. The firm has “Hold” rating by DA Davidson given on Friday, August 4. The firm earned “Neutral” rating on Wednesday, June 29 by M Partners. The rating was downgraded by Deutsche Bank on Friday, August 4 to “Hold”. The stock has “Buy” rating by Canaccord Genuity on Monday, November 6. The firm has “Buy” rating given on Friday, December 9 by Citigroup. Robert W. Baird maintained Fluor Corporation (NYSE:FLR) on Friday, October 6 with “Hold” rating. The stock has “Buy” rating by Canaccord Genuity on Monday, July 31. The stock of Fluor Corporation (NYSE:FLR) earned “Equal-Weight” rating by Barclays Capital on Wednesday, January 24.

Energy Opportunities Capital Management Llc, which manages about $585.78M and $153.74 million US Long portfolio, decreased its stake in Rpc Inc Com (NYSE:RES) by 24,375 shares to 139,812 shares, valued at $3.47 million in 2017Q3, according to the filing. It also reduced its holding in Dril (NYSE:DRQ) by 41,223 shares in the quarter, leaving it with 71,373 shares, and cut its stake in Newfield Expl Co Com (NYSE:NFX).

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By1 Peter Erickson

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