As Ring Energy (REI) Market Valuation Declined, Cannell Capital Has Trimmed Its Holding by $400,725; Manchester Capital Management Has Cut United Parcel Service In (UPS) Holding by $6.01 Million; Shares Declined

April 18, 2018 - By Winifred Garcia

United Parcel Service, Inc. (NYSE:UPS) Logo

J. Carlo Cannell decreased its stake in Ring Energy Inc (REI) by 1.63% based on its latest 2017Q4 regulatory filing with the SEC. Cannell Capital Llc sold 30,825 shares as the company’s stock declined 3.07% with the market. The hedge fund run by J. Carlo Cannell held 1.86M shares of the energy company at the end of 2017Q4, valued at $25.85M, down from 1.89 million at the end of the previous reported quarter. Cannell Capital Llc who had been investing in Ring Energy Inc for a number of months, seems to be less bullish one the $977.08M market cap company. The stock increased 7.08% or $1.07 during the last trading session, reaching $16.18. About 790,206 shares traded. Ring Energy, Inc. (NYSEMKT:REI) has risen 45.39% since April 18, 2017 and is uptrending. It has outperformed by 33.84% the S&P500.

Manchester Capital Management Llc decreased its stake in United Parcel Service In (UPS) by 2.04% based on its latest 2017Q4 regulatory filing with the SEC. Manchester Capital Management Llc sold 50,493 shares as the company’s stock declined 13.88% with the market. The institutional investor held 2.42 million shares of the transportation company at the end of 2017Q4, valued at $288.60M, down from 2.47 million at the end of the previous reported quarter. Manchester Capital Management Llc who had been investing in United Parcel Service In for a number of months, seems to be less bullish one the $95.39B market cap company. The stock increased 1.10% or $1.21 during the last trading session, reaching $110.73. About 2.23M shares traded. United Parcel Service, Inc. (NYSE:UPS) has declined 2.49% since April 18, 2017 and is downtrending. It has underperformed by 14.04% the S&P500.

Investors sentiment increased to 1.23 in 2017 Q4. Its up 0.09, from 1.14 in 2017Q3. It is positive, as 59 investors sold UPS shares while 372 reduced holdings. 107 funds opened positions while 422 raised stakes. 448.80 million shares or 0.57% less from 451.38 million shares in 2017Q3 were reported. Farmers Retail Bank reported 0.07% stake. Hbk Sorce Advisory Limited Liability Corporation holds 0.07% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 5,330 shares. Palisade Mngmt Lc Nj holds 0.01% or 2,115 shares in its portfolio. Bennicas And Associates Inc holds 10,775 shares or 1.12% of its portfolio. Comerica Retail Bank reported 528,581 shares or 0.46% of all its holdings. Iowa Bancorp holds 4.42% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 82,386 shares. Sns Group Ltd Liability Corporation has 4,341 shares. Mcrae Capital Mngmt accumulated 2,479 shares. River Road Asset Mgmt Ltd Liability has 594,667 shares for 1.34% of their portfolio. Wills Grp Inc holds 20,249 shares. Bell Bank invested in 13,773 shares or 0.46% of the stock. Loomis Sayles And LP holds 1.51% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 6.09M shares. Mariner Wealth Ltd Liability Corp holds 0.95% of its portfolio in United Parcel Service, Inc. (NYSE:UPS) for 206,478 shares. Kcm Investment Ltd Liability Com has invested 0.65% in United Parcel Service, Inc. (NYSE:UPS). Balyasny Asset Mgmt Llc invested 0.29% in United Parcel Service, Inc. (NYSE:UPS).

Manchester Capital Management Llc, which manages about $2.59 billion and $671.47 million US Long portfolio, upped its stake in Alphabet Inc by 323 shares to 2,478 shares, valued at $2.59 million in 2017Q4, according to the filing. It also increased its holding in Oracle Corp (NYSE:ORCL) by 9,300 shares in the quarter, for a total of 25,308 shares, and has risen its stake in Vanguard Tax Managed Int (VEA).

Among 24 analysts covering United Parcel Service (NYSE:UPS), 11 have Buy rating, 1 Sell and 12 Hold. Therefore 46% are positive. United Parcel Service had 74 analyst reports since July 29, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Friday, October 27 by Robert W. Baird. The firm earned “Neutral” rating on Friday, April 29 by Citigroup. Stifel Nicolaus maintained the shares of UPS in report on Thursday, February 1 with “Hold” rating. On Friday, September 29 the stock rating was maintained by Robert W. Baird with “Hold”. On Thursday, July 27 the stock rating was maintained by Oppenheimer with “Buy”. The rating was maintained by Cowen & Co on Monday, July 17 with “Hold”. The stock of United Parcel Service, Inc. (NYSE:UPS) has “Buy” rating given on Monday, December 4 by Deutsche Bank. The stock of United Parcel Service, Inc. (NYSE:UPS) earned “Buy” rating by Citigroup on Tuesday, August 8. Cowen & Co maintained United Parcel Service, Inc. (NYSE:UPS) on Monday, October 23 with “Hold” rating. The stock has “Neutral” rating by UBS on Friday, October 27.

Analysts await United Parcel Service, Inc. (NYSE:UPS) to report earnings on April, 26 before the open. They expect $1.54 EPS, up 16.67% or $0.22 from last year’s $1.32 per share. UPS’s profit will be $1.33B for 17.98 P/E if the $1.54 EPS becomes a reality. After $1.67 actual EPS reported by United Parcel Service, Inc. for the previous quarter, Wall Street now forecasts -7.78% negative EPS growth.

Since February 26, 2018, it had 0 insider purchases, and 1 sale for $480,600 activity.

Cannell Capital Llc, which manages about $347.86M and $343.89 million US Long portfolio, upped its stake in Carrols Restaurant Group Inc (NASDAQ:TAST) by 42,816 shares to 1.71M shares, valued at $20.73M in 2017Q4, according to the filing. It also increased its holding in Weyerhaeuser Co (NYSE:WY) by 16,000 shares in the quarter, for a total of 36,386 shares, and has risen its stake in North Amern Energy Partners (NYSE:NOA).

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 20 by Canaccord Genuity. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) has “Buy” rating given on Wednesday, November 11 by Wunderlich. Northland Capital maintained Ring Energy, Inc. (NYSEAMERICAN:REI) on Tuesday, July 28 with “Outperform” rating. Wunderlich maintained Ring Energy, Inc. (NYSEAMERICAN:REI) rating on Thursday, May 12. Wunderlich has “Buy” rating and $9 target. The rating was initiated by Rodman & Renshaw with “Buy” on Monday, August 29. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Buy” rating by KLR Group on Thursday, December 21. The stock has “Mkt Perform” rating by FBR Capital on Wednesday, January 6.

Analysts await Ring Energy, Inc. (NYSEAMERICAN:REI) to report earnings on May, 8. They expect $0.12 EPS, up 300.00% or $0.09 from last year’s $0.03 per share. REI’s profit will be $7.25 million for 33.71 P/E if the $0.12 EPS becomes a reality. After $0.09 actual EPS reported by Ring Energy, Inc. for the previous quarter, Wall Street now forecasts 33.33% EPS growth.

Ring Energy, Inc. (NYSEAMERICAN:REI) Institutional Positions Chart

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