As Pico Hldgs (PICO) Share Price Declined, Holder Robotti Robert Has Lowered Its Holding; Fjarde Ap-Fonden Fourth Swedish National Pension Fund Has Cut Holding in Parsley Energy (PE) by $448,000

June 16, 2018 - By Ellis Scott

Fjarde Ap-Fonden Fourth Swedish National Pension Fund decreased its stake in Parsley Energy Inc (PE) by 13.08% based on its latest 2018Q1 regulatory filing with the SEC. Fjarde Ap-Fonden Fourth Swedish National Pension Fund sold 16,000 shares as the company’s stock rose 12.25% while stock markets declined. The institutional investor held 106,352 shares of the energy company at the end of 2018Q1, valued at $3.08 million, down from 122,352 at the end of the previous reported quarter. Fjarde Ap-Fonden Fourth Swedish National Pension Fund who had been investing in Parsley Energy Inc for a number of months, seems to be less bullish one the $8.68B market cap company. The stock decreased 2.78% or $0.77 during the last trading session, reaching $26.95. About 7.99 million shares traded or 29.43% up from the average. Parsley Energy, Inc. (NYSE:PE) has declined 3.98% since June 16, 2017 and is downtrending. It has underperformed by 16.55% the S&P500. Some Historical PE News: 28/03/2018 – CORRECTED-Parsley Energy will not add rigs if oil prices rise further -CEO; 13/04/2018 – PARSLEY ENERGY INC PE.N : CREDIT SUISSE RAISES TARGET PRICE TO $37 FROM $36; 27/03/2018 – Parsley Energy will not add rigs if oil prices rise further -CEO; 20/04/2018 – DJ Parsley Energy Inc Class A, Inst Holders, 1Q 2018 (PE); 30/03/2018 – Spirit of America Energy Adds Chevron, Cuts Parsley Energy; 29/03/2018 – Revisiting Parsley Energy’s Takeover Odds in Permian ‘Dogfight’; 15/05/2018 – Parsley Energy at Stephens Energy Executive Summit Tomorrow; 04/05/2018 – PARSLEY ENERGY SAYS 85% OF ITS OIL LEAVING PERMIAN BY PIPE; 03/05/2018 – Parsley Energy 1Q Net $105.5M; 03/05/2018 – PARSLEY ENERGY SAYS ON APRIL 30, CO, UNITS ENTERED INTO SIXTH AMENDMENT TO CREDIT AGREEMENT DATED AS OF OCT 28, 2016 – SEC FILING

Robotti Robert decreased its stake in Pico Hldgs Inc (PICO) by 21.38% based on its latest 2018Q1 regulatory filing with the SEC. Robotti Robert sold 47,790 shares as the company’s stock declined 7.26% with the market. The institutional investor held 175,745 shares of the real estate company at the end of 2018Q1, valued at $2.01 million, down from 223,535 at the end of the previous reported quarter. Robotti Robert who had been investing in Pico Hldgs Inc for a number of months, seems to be less bullish one the $251.10M market cap company. The stock increased 1.36% or $0.15 during the last trading session, reaching $11.15. About 100,954 shares traded. PICO Holdings, Inc. (NASDAQ:PICO) has declined 3.97% since June 16, 2017 and is downtrending. It has underperformed by 16.54% the S&P500. Some Historical PICO News: 12/03/2018 – PICO: NO EXPRESSIONS OF INTEREST PROVIDED ADEQUATE VALUE; 12/03/2018 – CORRECT: PICO HOLDINGS WILL CONTINUE CURRENT BUSINESS PLAN; 03/05/2018 – PICO Holdings 1Q Loss/Shr 12c; 19/03/2018 – Global Pico Projector Market Expected to Reach $5,002 Million, Globally, by 2023 – Allied Market Research; 16/05/2018 – PicoBrew Continues Mission to Get the World Brewing with Pico U “Universal Craft Brewing Appliance,” Launching on Kickstarter; 12/03/2018 – PICO Holdings: Lead Indepenedent Director Daniel Silvers Won’t Seek Re-Election to Board; 12/03/2018 PICO Holdings, Inc. Announces Update on the Strategic Review and Board Changes; 12/03/2018 – PICO Holdings, Inc. Announces Update on the Strategic Review and Bd Changes; 12/03/2018 – PICO Holdings Board Doesn’t Believe Interest From Invetors Would Provide Adequate Value; 16/05/2018 – Van Den Berg Exits Position in Pico Holdings (Correct)




Investors sentiment decreased to 1.09 in Q1 2018. Its down 0.26, from 1.35 in 2017Q4. It fall, as 6 investors sold PICO shares while 27 reduced holdings. 5 funds opened positions while 31 raised stakes. 16.12 million shares or 2.26% less from 16.50 million shares in 2017Q4 were reported. Amundi Pioneer Asset Management Incorporated holds 2.51M shares or 0.05% of its portfolio. American Interest Gru reported 14,207 shares stake. 1.46M are held by Blackrock Inc. 4,438 are owned by Citigroup. Barclays Pcl owns 5,056 shares for 0% of their portfolio. Delta Asset Mgmt Ltd Llc Tn invested in 0.01% or 6,000 shares. Zurcher Kantonalbank (Zurich Cantonalbank), a Switzerland-based fund reported 2,107 shares. Balyasny Asset Management Limited Liability Corporation holds 0% or 20,489 shares in its portfolio. First Manhattan, New York-based fund reported 200 shares. Vanguard stated it has 1.09M shares. Mraz Amerine & Assoc Inc has 0.44% invested in PICO Holdings, Inc. (NASDAQ:PICO). Renaissance Technologies Lc accumulated 177,900 shares. Credit Suisse Ag holds 0% or 22,290 shares. 5,538 are held by Bnp Paribas Arbitrage. Kestrel Invest Management Corporation invested 0.65% of its portfolio in PICO Holdings, Inc. (NASDAQ:PICO).

Robotti Robert, which manages about $361.41M US Long portfolio, upped its stake in Tidewater Inc by 49,123 shares to 668,605 shares, valued at $19.13 million in 2018Q1, according to the filing.

Since March 21, 2018, it had 1 buy, and 0 insider sales for $56,570 activity.

Investors sentiment increased to 1.12 in Q1 2018. Its up 0.11, from 1.01 in 2017Q4. It is positive, as 46 investors sold PE shares while 90 reduced holdings. 48 funds opened positions while 104 raised stakes. 255.01 million shares or 1.42% more from 251.44 million shares in 2017Q4 were reported. Massachusetts Fincl Svcs Ma reported 0% in Parsley Energy, Inc. (NYSE:PE). Tower Rech Capital Limited Liability Company (Trc) stated it has 0% of its portfolio in Parsley Energy, Inc. (NYSE:PE). Element Cap Mgmt Llc, a New York-based fund reported 250,792 shares. Proshare Advsrs Ltd holds 15,717 shares. Tricadia Cap Mgmt Lc has 0.13% invested in Parsley Energy, Inc. (NYSE:PE). Tiaa Cref Invest Ltd Liability Corp accumulated 10.78 million shares. Deltec Asset Mngmt Ltd Company stated it has 204,100 shares. Asset Management accumulated 7,905 shares or 0.01% of the stock. Jupiter Asset Mgmt Ltd has invested 0.18% in Parsley Energy, Inc. (NYSE:PE). Earnest Lc holds 0% or 170 shares in its portfolio. 345,000 are owned by Proxima. Bamco New York owns 0.02% invested in Parsley Energy, Inc. (NYSE:PE) for 141,700 shares. 166,718 were reported by Agf Invs Incorporated. Ameriprise Financial holds 338,652 shares or 0% of its portfolio. Segall Bryant And Hamill Ltd Liability Company invested in 0.02% or 28,714 shares.

Among 37 analysts covering Parsley Energy Inc (NYSE:PE), 30 have Buy rating, 0 Sell and 7 Hold. Therefore 81% are positive. Parsley Energy Inc had 147 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, March 8 the stock rating was maintained by Bank of America with “Buy”. The stock has “Sector Perform” rating by RBC Capital Markets on Friday, November 6. The company was maintained on Thursday, October 5 by Stifel Nicolaus. The rating was maintained by JP Morgan with “Overweight” on Tuesday, March 13. The firm earned “Overweight” rating on Tuesday, March 15 by JP Morgan. The stock of Parsley Energy, Inc. (NYSE:PE) has “Hold” rating given on Tuesday, January 30 by Williams Capital Group. Nomura maintained Parsley Energy, Inc. (NYSE:PE) on Wednesday, August 17 with “Buy” rating. The firm has “Market Perform” rating by Cowen & Co given on Tuesday, April 5. The stock of Parsley Energy, Inc. (NYSE:PE) earned “Buy” rating by SunTrust on Thursday, September 28. UBS maintained Parsley Energy, Inc. (NYSE:PE) on Friday, August 26 with “Buy” rating.

Since February 26, 2018, it had 3 insider buys, and 6 sales for $3.29 million activity. Roberts Colin sold $315,900 worth of stock. $1.33 million worth of stock was sold by Hinson Mike on Tuesday, May 8. 60,742 shares were sold by Dalton Ryan, worth $1.93M. Sheffield Bryan bought $4.99M worth of stock. $51,320 worth of Parsley Energy, Inc. (NYSE:PE) shares were bought by Brokmeyer Ron. Another trade for 10,000 shares valued at $259,900 was bought by ALAMEDDINE A R.

Analysts await Parsley Energy, Inc. (NYSE:PE) to report earnings on August, 1. They expect $0.37 earnings per share, up 640.00% or $0.32 from last year’s $0.05 per share. PE’s profit will be $119.22M for 18.21 P/E if the $0.37 EPS becomes a reality. After $0.31 actual earnings per share reported by Parsley Energy, Inc. for the previous quarter, Wall Street now forecasts 19.35% EPS growth.

PICO Holdings, Inc. (NASDAQ:PICO) Institutional Positions Chart

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