Actua (ACTA) Holder Gagnon Securities Has Trimmed Its Position; Pomelo Capital Has Trimmed Its Chesapeake Energy (CHK) Holding by $2.04 Million; Share Price Declined

February 4, 2018 - By Richard Conner

Gagnon Securities Llc decreased its stake in Actua Corp (ACTA) by 42.92% based on its latest 2017Q3 regulatory filing with the SEC. Gagnon Securities Llc sold 23,332 shares as the company’s stock 0.00% . The institutional investor held 31,033 shares of the edp services company at the end of 2017Q3, valued at $475,000, down from 54,365 at the end of the previous reported quarter. Gagnon Securities Llc who had been investing in Actua Corp for a number of months, seems to be less bullish one the $25.54 million market cap company. The stock increased 28.79% or $0.19 during the last trading session, reaching $0.85. About 3.35 million shares traded or 891.13% up from the average. Actua Corporation (NASDAQ:ACTA) has risen 59.43% since February 4, 2017 and is uptrending. It has outperformed by 42.73% the S&P500.

Philip Rosenstrach decreased its stake in Chesapeake Energy Corp (CHK) by 40.14% based on its latest 2017Q3 regulatory filing with the SEC. Pomelo Capital Llc sold 509,900 shares as the company’s stock declined 5.25% while stock markets rallied. The hedge fund run by Philip Rosenstrach held 760,500 shares of the oil & gas production company at the end of 2017Q3, valued at $3.27M, down from 1.27M at the end of the previous reported quarter. Pomelo Capital Llc who had been investing in Chesapeake Energy Corp for a number of months, seems to be less bullish one the $2.98B market cap company. The stock decreased 3.76% or $0.13 during the last trading session, reaching $3.33. About 42.98 million shares traded or 49.30% up from the average. Chesapeake Energy Corporation (NYSE:CHK) has risen 49.74% since February 4, 2017 and is uptrending. It has outperformed by 33.04% the S&P500.




Analysts await Actua Corporation (NASDAQ:ACTA) to report earnings on March, 8. They expect $-0.28 EPS, down 115.38% or $0.15 from last year’s $-0.13 per share. After $-0.19 actual EPS reported by Actua Corporation for the previous quarter, Wall Street now forecasts 47.37% negative EPS growth.

Gagnon Securities Llc, which manages about $353.18M and $279.13M US Long portfolio, upped its stake in Navigator Holdings Ltd (NYSE:NVGS) by 195,181 shares to 774,072 shares, valued at $8.59M in 2017Q3, according to the filing. It also increased its holding in Alpha & Omega Semiconductor Ltd (NASDAQ:AOSL) by 31,562 shares in the quarter, for a total of 480,355 shares, and has risen its stake in Wpx Energy Inc (NYSE:WPX).

Among 32 analysts covering Chesapeake Energy Corporation (NYSE:CHK), 7 have Buy rating, 9 Sell and 16 Hold. Therefore 22% are positive. Chesapeake Energy Corporation had 89 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, October 10 by BMO Capital Markets. As per Thursday, January 28, the company rating was downgraded by Wunderlich. UBS maintained the shares of CHK in report on Friday, February 12 with “Sell” rating. As per Wednesday, October 14, the company rating was maintained by Deutsche Bank. The stock has “Sell” rating by Credit Suisse on Monday, December 11. As per Tuesday, June 14, the company rating was maintained by Deutsche Bank. The firm has “Neutral” rating given on Tuesday, January 26 by Susquehanna. The stock has “Underperform” rating by Bank of America on Thursday, May 11. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, August 10. The firm has “Hold” rating given on Thursday, August 24 by Piper Jaffray.

Analysts await Chesapeake Energy Corporation (NYSE:CHK) to report earnings on February, 22. They expect $0.23 EPS, up 228.57% or $0.16 from last year’s $0.07 per share. CHK’s profit will be $205.89 million for 3.62 P/E if the $0.23 EPS becomes a reality. After $0.12 actual EPS reported by Chesapeake Energy Corporation for the previous quarter, Wall Street now forecasts 91.67% EPS growth.

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