Riverstone Holdings Holding in Rice Energy (RICE) Has Lowered by $87.06 Million as Valuation Rose; As Cognizant Technology Solutions (CTSH) Stock Price Rose, Holder Johnson Financial Group Trimmed Holding

November 15, 2017 - By Louis Casey

Riverstone Holdings Llc decreased its stake in Rice Energy Inc. (RICE) by 49.54% based on its latest 2017Q2 regulatory filing with the SEC. Riverstone Holdings Llc sold 3.35 million shares as the company’s stock rose 7.71% with the market. The hedge fund held 3.41 million shares of the oil & gas production company at the end of 2017Q2, valued at $90.83 million, down from 6.76M at the end of the previous reported quarter. Riverstone Holdings Llc who had been investing in Rice Energy Inc. for a number of months, seems to be less bullish one the $6.69B market cap company. The stock declined 100.00% or $29.32 reaching $0 per share. It is down 14.59% since November 15, 2016 and is uptrending. It has underperformed by 2.11% the S&P500.

Johnson Financial Group Inc decreased its stake in Cognizant Technology Solutions Corp (CTSH) by 80.74% based on its latest 2017Q2 regulatory filing with the SEC. Johnson Financial Group Inc sold 8,848 shares as the company’s stock rose 12.87% with the market. The institutional investor held 2,110 shares of the edp services company at the end of 2017Q2, valued at $140,000, down from 10,958 at the end of the previous reported quarter. Johnson Financial Group Inc who had been investing in Cognizant Technology Solutions Corp for a number of months, seems to be less bullish one the $44.07B market cap company. The stock declined 0.31% or $0.23 reaching $74.74 per share. About 15,552 shares traded. Cognizant Technology Solutions Corp (NASDAQ:CTSH) has risen 5.50% since November 15, 2016 and is uptrending. It has underperformed by 11.20% the S&P500.




Among 27 analysts covering Rice Energy (NYSE:RICE), 10 have Buy rating, 0 Sell and 17 Hold. Therefore 37% are positive. Rice Energy had 88 analyst reports since July 21, 2015 according to SRatingsIntel. Goldman Sachs downgraded Rice Energy Inc (NYSE:RICE) on Friday, September 8 to “Neutral” rating. The rating was downgraded by Goldman Sachs to “Neutral” on Wednesday, November 11. The company was maintained on Monday, July 18 by Citigroup. As per Tuesday, June 20, the company rating was downgraded by RBC Capital Markets. Barclays Capital maintained Rice Energy Inc (NYSE:RICE) rating on Monday, December 19. Barclays Capital has “Overweight” rating and $30 target. On Monday, August 7 the stock rating was maintained by BMO Capital Markets with “Buy”. RBC Capital Markets maintained it with “Outperform” rating and $30 target in Monday, October 3 report. Citigroup maintained Rice Energy Inc (NYSE:RICE) rating on Thursday, August 11. Citigroup has “Neutral” rating and $28 target. The firm has “Buy” rating by Mizuho given on Thursday, October 6. As per Friday, March 24, the company rating was initiated by Stifel Nicolaus.

More notable recent Rice Energy Inc (NYSE:RICE) news were published by: Businesswire.com which released: “EQT Completes Acquisition of Rice Energy” on November 13, 2017, also Prnewswire.com with their article: “Rice Energy Announces Timing of Third Quarter 2017 Results” published on October 19, 2017, Bizjournals.com published: “EQT to add board members after Rice Energy deal” on October 23, 2017. More interesting news about Rice Energy Inc (NYSE:RICE) were released by: Nasdaq.com and their article: “Omni Partners Llp Buys Kite Pharma Inc, Rice Energy Inc, Calpine Corp, Sells …” published on November 14, 2017 as well as Nasdaq.com‘s news article titled: “EQT Receives Shareholders’ Approval for Rice Energy Buyout” with publication date: November 10, 2017.

Investors sentiment decreased to 0.79 in 2017 Q2. Its down 0.13, from 0.92 in 2017Q1. It turned negative, as 62 investors sold RICE shares while 76 reduced holdings. 47 funds opened positions while 62 raised stakes. 154.41 million shares or 13.71% less from 178.94 million shares in 2017Q1 were reported. Paloma Prtn holds 40,000 shares. Stevens Cap L P, Pennsylvania-based fund reported 355,741 shares. Wells Fargo And Mn invested in 67,951 shares. Eaton Vance invested in 191,659 shares or 0.01% of the stock. Pnc Financial Services Grp Inc owns 0% invested in Rice Energy Inc (NYSE:RICE) for 2,936 shares. Grantham Mayo Van Otterloo & Limited Company holds 0.41% or 2.77 million shares. Harvest Mngmt Limited Liability Corp holds 1.07% or 60,000 shares. Ubs Asset Management Americas Incorporated reported 0% stake. Proshare Advisors Llc, a Maryland-based fund reported 15,173 shares. Arrowgrass Cap Prtn (Us) LP reported 0.52% stake. Texan holds 53,780 shares or 0.96% of its portfolio. Corecommodity Limited Liability Co invested in 18,464 shares or 0.47% of the stock. Qvt Fin Limited Partnership holds 732,317 shares or 0.52% of its portfolio. Geode Capital Management Ltd Llc reported 0.01% of its portfolio in Rice Energy Inc (NYSE:RICE). Credit Suisse Ag stated it has 0% of its portfolio in Rice Energy Inc (NYSE:RICE).

Riverstone Holdings Llc, which manages about $23.60B and $2.82B US Long portfolio, upped its stake in Usa Compression Partners Lp (NYSE:USAC) by 368,445 shares to 23.88 million shares, valued at $390.73 million in 2017Q2, according to the filing.

Analysts await Rice Energy Inc (NYSE:RICE) to report earnings on February, 28. They expect $0.18 EPS, down 51.35% or $0.19 from last year’s $0.37 per share. After $0.05 actual EPS reported by Rice Energy Inc for the previous quarter, Wall Street now forecasts 260.00% EPS growth.

Johnson Financial Group Inc, which manages about $8.40 billion and $695.24M US Long portfolio, upped its stake in Ishares Tr (ACWX) by 13,399 shares to 412,973 shares, valued at $18.83 million in 2017Q2, according to the filing. It also increased its holding in Amazon.Com Inc (NASDAQ:AMZN) by 4,254 shares in the quarter, for a total of 6,983 shares, and has risen its stake in Select Sector Spdr Tr (XLE).

Analysts await Cognizant Technology Solutions Corp (NASDAQ:CTSH) to report earnings on February, 14. They expect $0.88 earnings per share, up 15.79% or $0.12 from last year’s $0.76 per share. CTSH’s profit will be $518.89M for 21.23 P/E if the $0.88 EPS becomes a reality. After $0.93 actual earnings per share reported by Cognizant Technology Solutions Corp for the previous quarter, Wall Street now forecasts -5.38% negative EPS growth.

Among 30 analysts covering Cognizant Technology Solutions Corp. (NASDAQ:CTSH), 23 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Cognizant Technology Solutions Corp. had 73 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was downgraded by William Blair to “Market Perform” on Wednesday, November 23. The firm has “Buy” rating given on Sunday, October 29 by KeyBanc Capital Markets. The stock of Cognizant Technology Solutions Corp (NASDAQ:CTSH) earned “Buy” rating by Cantor Fitzgerald on Friday, October 16. The company was maintained on Thursday, November 9 by RBC Capital Markets. The rating was downgraded by HSBC to “Hold” on Thursday, June 8. The firm has “Equal-Weight” rating by Morgan Stanley given on Tuesday, January 31. The company was maintained on Wednesday, July 12 by RBC Capital Markets. The firm has “Outperform” rating by Wedbush given on Friday, January 6. RBC Capital Markets maintained the shares of CTSH in report on Tuesday, February 9 with “Outperform” rating. The stock has “Outperform” rating by Robert W. Baird on Thursday, October 19.

Since May 16, 2017, it had 0 insider buys, and 8 selling transactions for $2.26 million activity. The insider Kandiah Gajakarnan Vibushanan sold 10,000 shares worth $674,365. $302,479 worth of stock was sold by KRISHNASWAMY VENKAT on Friday, May 19. CHINTAMANENI RAMAKRISHNA PRASAD sold $242,352 worth of stock. CHATTERJEE DEBASHIS also sold $46,230 worth of Cognizant Technology Solutions Corp (NASDAQ:CTSH) shares. The insider Shaheen Allen sold $282,815. Another trade for 3,069 shares valued at $199,485 was sold by Veeraraghavachary Srinivasan.

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