Perella Weinberg Partners Capital Management LP Boosted Cvs Health (CVS) Stake By $1.61 Million; Rowan Companies PLC (RDC) Has 0.7 Sentiment

February 23, 2018 - By Winifred Garcia

Perella Weinberg Partners Capital Management Lp increased Cvs Health Corp (CVS) stake by 37.17% reported in 2017Q3 SEC filing. Perella Weinberg Partners Capital Management Lp acquired 19,853 shares as Cvs Health Corp (CVS)’s stock declined 4.23%. The Perella Weinberg Partners Capital Management Lp holds 73,268 shares with $5.96M value, up from 53,415 last quarter. Cvs Health Corp now has $68.59B valuation. The stock decreased 0.57% or $0.39 during the last trading session, reaching $67.61. About 3.13M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since February 23, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.

Rowan Companies plc provides offshore gas and oil contract drilling services. The company has market cap of $1.69 billion. As of February 24, 2017, it operated a fleet of 29 mobile offshore drilling units, including 25 jack-up rigs and 4 ultra-deepwater drillships. It currently has negative earnings. The firm operates in the United States Gulf of Mexico, the United Kingdom, and Norwegian sectors of the North Sea, the Middle East, and Trinidad.




The stock increased 1.52% or $0.2 during the last trading session, reaching $13.35. About 748,267 shares traded. Rowan Companies plc (RDC) has declined 16.50% since February 23, 2017 and is downtrending. It has underperformed by 33.20% the S&P500.

Analysts await Rowan Companies plc (NYSE:RDC) to report earnings on February, 28 before the open. They expect $-0.26 EPS, down 425.00% or $0.34 from last year’s $0.08 per share. After $-0.16 actual EPS reported by Rowan Companies plc for the previous quarter, Wall Street now forecasts 62.50% negative EPS growth.

Oceanic Investment Management Ltd holds 6.69% of its portfolio in Rowan Companies plc for 714,750 shares. Odey Asset Management Group Ltd owns 5.23 million shares or 6.09% of their US portfolio. Moreover, Blue Harbour Group L.P. has 4.05% invested in the company for 8.75 million shares. The New York-based Luminus Management Llc has invested 1.93% in the stock. Key Group Holdings (Cayman) Ltd., a Bahamas-based fund reported 882,147 shares.

Ratings analysis reveals 17% of Rowan Cos’s analysts are positive. Out of 6 Wall Street analysts rating Rowan Cos, 1 give it “Buy”, 2 “Sell” rating, while 3 recommend “Hold”. The lowest target is $16.0 while the high is $23.0. The stock’s average target of $19.50 is 46.07% above today’s ($13.35) share price. RDC was included in 6 notes of analysts from September 23, 2016. The firm has “Hold” rating by Jefferies given on Monday, January 30. The rating was downgraded by Seaport Global Securities to “Neutral” on Friday, October 7. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, December 16 report. The stock of Rowan Companies plc (NYSE:RDC) has “Outperform” rating given on Thursday, November 3 by FBR Capital. Credit Suisse downgraded the stock to “Neutral” rating in Friday, September 23 report. The stock of Rowan Companies plc (NYSE:RDC) earned “Sell” rating by Societe Generale on Monday, October 3.

Since September 11, 2017, it had 0 insider buys, and 6 selling transactions for $39.50 million activity. $1.42 million worth of stock was sold by Foulkes Helena on Friday, February 16. Denton David M also sold $18.88M worth of CVS Health Corporation (NYSE:CVS) on Monday, September 11. $7.19M worth of CVS Health Corporation (NYSE:CVS) was sold by Moriarty Thomas M on Monday, September 11. Roberts Jonathan C also sold $7.13 million worth of CVS Health Corporation (NYSE:CVS) shares.

Investors sentiment decreased to 0.88 in 2017 Q3. Its down 0.04, from 0.92 in 2017Q2. It dropped, as 60 investors sold CVS shares while 571 reduced holdings. 88 funds opened positions while 466 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. Raab Moskowitz Asset Mngmt Ltd Liability reported 29,984 shares stake. Northern Corp invested 0.34% of its portfolio in CVS Health Corporation (NYSE:CVS). Ingalls & Snyder reported 0.08% of its portfolio in CVS Health Corporation (NYSE:CVS). Argyle Capital Mngmt holds 25,010 shares or 0.8% of its portfolio. Boyar Asset Mgmt holds 11,415 shares. Point72 Asset Mgmt LP invested 0.01% of its portfolio in CVS Health Corporation (NYSE:CVS). 699,872 are owned by Pzena Mngmt Limited Liability Corp. Palladium Partners Ltd Liability invested 0.51% in CVS Health Corporation (NYSE:CVS). Ballentine Prns holds 8,795 shares. Financial Bank Of The Ozarks accumulated 0.62% or 18,549 shares. Iowa Bank has 18,683 shares. Sol Management holds 0.21% or 9,116 shares. Gulf Int National Bank (Uk) Limited reported 321,236 shares stake. 2,478 are owned by First Hawaiian National Bank. Cypress Asset Management Tx stated it has 0.41% in CVS Health Corporation (NYSE:CVS).

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