Dalton Greiner Hartman Maher & Co decreased its stake in Pdc Energy Inc Com (NASDAQ:PDCE) by 8.09% based on its latest 2016Q2 regulatory filing with the SEC. Dalton Greiner Hartman Maher & Co sold 58,575 shares as the company’s stock rose 9.67% with the market. The institutional investor held 665,767 shares of the energy company at the end of 2016Q2, valued at $35.71 million, down from 724,342 at the end of the previous reported quarter. Dalton Greiner Hartman Maher & Co who had been investing in Pdc Energy Inc Com for a number of months, seems to be less bullish one the $3.03B market cap company. The stock is down 4.19% or $2.8 after the negative news, hitting $63.99 per share. About 929,446 shares traded hands. PDC Energy Inc (NASDAQ:PDCE) has risen 43.14% since February 8, 2016 and is uptrending. It has outperformed by 26.65% the S&P500.
Dalton Greiner Hartman Maher & Co, which manages about $1.89B and $1.93B US Long portfolio, upped its stake in Cisco Sys Inc Com (NASDAQ:CSCO) by 114,040 shares to 1.23 million shares, valued at $33.68 million in 2016Q2, according to the filing. It also increased its holding in Check Point Software Tech Ltd (NASDAQ:CHKP) by 50,753 shares in the quarter, for a total of 335,124 shares, and has risen its stake in United Fire Group Inc Com (NASDAQ:UFCS).
Dalton Greiner Hartman Maher & Co is a New York-based institutional investor with more than $1.89 billion AUM in July, 2014. Taken from Dalton Greiner Hartman Maher & latest Adv, the fund reported to have 23 full and part-time employees. Among which 9 performing investment advisory and research functions. The institutional investor had more than 1000 clients.
The institutional sentiment decreased to 1.02 in Q2 2016. Its down 0.47, from 1.49 in 2016Q1. The ratio dived, as 45 funds sold all PDCE shares owned while 73 reduced positions. 31 funds bought stakes while 89 increased positions. They now own 52.01 million shares or 1.84% less from 52.99 million shares in 2016Q1.
Cambrian Capital Limited Partnership holds 1.33% of its portfolio in PDCE for 38,809 shares. Investors Asset Management Of Georgia Inc Ga Adv owns 28,766 shares or 1.29% of their US portfolio. Moreover, Kalmar Investments Inc De has 1.21% invested in the company for 475,798 shares. The Texas-based Ranger Investment Management L.P. has invested 0.95% in the stock. Phocas Financial Corp., a California-based fund reported 175,345 shares.
Out of 16 analysts covering PDC Energy Inc (NASDAQ:PDCE), 13 rate it a “Buy”, 0 “Sell”, while 3 “Hold”. This means 81% are positive. $84 is the highest target while $57 is the lowest. The $73.50 average target is 14.86% above today’s ($63.99) stock price. PDC Energy Inc has been the topic of 33 analyst reports since October 14, 2015 according to StockzIntelligence Inc. Wunderlich maintained the stock on September 12 with “Buy” rating. Deutsche Bank maintained it with “Hold” rating and $68 target price in a June 14 report. Seaport Global Securities upgraded the shares of PDCE in a report on August 30 to “Buy” rating. Clarkson Platou maintained the firm’s rating on April 11. Clarkson Platou has “Buy” rating and $75 price target. Lastly, Barclays Capital maintained the stock with “Overweight” rating in an August 25 report.
PDC Energy, Inc. is an independent exploration and production company. The company has a market cap of $3.03 billion. The Firm produces, develops, acquires and explores for crude oil, natural gas and natural gas liquids with activities in the Wattenberg Field in Colorado and the Utica Shale in southeastern Ohio. It currently has negative earnings. The Firm operates through two divisions: Oil and Gas Exploration and Production, and Gas Marketing.
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