Peconic Partners Has Raised By $54.86 Million Its Quanta Svcs (PWR) Stake; Highbridge Capital Management Raised Its Weatherford Intl Plc (WFT) Holding

December 10, 2017 - By Stephen Andrade

Peconic Partners Llc increased Quanta Svcs Inc (PWR) stake by 60.16% reported in 2017Q2 SEC filing. Peconic Partners Llc acquired 1.71 million shares as Quanta Svcs Inc (PWR)’s stock declined 15.57%. The Peconic Partners Llc holds 4.56 million shares with $150.26 million value, up from 2.85M last quarter. Quanta Svcs Inc now has $6.12 billion valuation. The stock increased 2.47% or $0.95 during the last trading session, reaching $39.4. About 1.36 million shares traded or 5.88% up from the average. Quanta Services, Inc. (NYSE:PWR) has risen 39.30% since December 10, 2016 and is uptrending. It has outperformed by 22.60% the S&P500.

Highbridge Capital Management Llc increased Weatherford Intl Plc (WFT) stake by 10153.34% reported in 2017Q2 SEC filing. Highbridge Capital Management Llc acquired 2.03 million shares as Weatherford Intl Plc (WFT)’s stock declined 8.25%. The Highbridge Capital Management Llc holds 2.05 million shares with $7.94 million value, up from 20,000 last quarter. Weatherford Intl Plc now has $3.35B valuation. It closed at $3.37 lastly. It is down 2.15% since December 10, 2016 and is uptrending. It has underperformed by 14.55% the S&P500.

Among 13 analysts covering Quanta Services Inc. (NYSE:PWR), 10 have Buy rating, 0 Sell and 3 Hold. Therefore 77% are positive. Quanta Services Inc. had 41 analyst reports since August 6, 2015 according to SRatingsIntel. On Monday, February 8 the stock rating was downgraded by UBS to “Neutral”. The company was maintained on Tuesday, September 5 by Robert W. Baird. FBR Capital maintained it with “Mkt Perform” rating and $23 target in Monday, November 9 report. The stock of Quanta Services, Inc. (NYSE:PWR) earned “Hold” rating by Robert W. Baird on Friday, October 6. The company was downgraded on Friday, October 2 by BB&T Capital. The firm has “Outperform” rating given on Tuesday, November 15 by Robert W. Baird. On Tuesday, January 5 the stock rating was reinitiated by Stifel Nicolaus with “Hold”. The stock has “Buy” rating by KeyBanc Capital Markets on Thursday, October 5. Johnson Rice upgraded the shares of PWR in report on Friday, August 4 to “Buy” rating. The stock has “Outperform” rating by FBR Capital on Monday, August 10.

Peconic Partners Llc decreased Sba Communications Corp New stake by 9,800 shares to 162,085 valued at $21.87 million in 2017Q2. It also reduced Rsp Permian Inc (NYSE:RSPP) stake by 153,002 shares and now owns 50,000 shares. Wesco Intl Inc (NYSE:WCC) was reduced too.

Among 31 analysts covering Weatherford International Ltd. (NYSE:WFT), 24 have Buy rating, 1 Sell and 6 Hold. Therefore 77% are positive. Weatherford International Ltd. had 99 analyst reports since July 24, 2015 according to SRatingsIntel. As per Friday, May 6, the company rating was downgraded by Wells Fargo. The stock of Weatherford International plc (NYSE:WFT) has “Buy” rating given on Friday, June 23 by RBC Capital Markets. The rating was maintained by Piper Jaffray with “Buy” on Friday, July 28. The stock of Weatherford International plc (NYSE:WFT) has “Buy” rating given on Wednesday, January 18 by SunTrust. The stock has “Buy” rating by Seaport Global on Wednesday, November 1. The firm has “Overweight” rating by Morgan Stanley given on Tuesday, April 19. As per Friday, June 24, the company rating was initiated by Imperial Capital. Jefferies maintained the stock with “Buy” rating in Tuesday, August 2 report. The firm earned “Buy” rating on Friday, October 6 by RBC Capital Markets. The rating was downgraded by Citigroup on Monday, November 6 to “Hold”.

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