Pomelo Capital Has Upped By $1.56 Million Its Weatherford Intl Plc (WFT) Holding; Daktronics (DAKT) Sellers Decreased By 4.88% Their Shorts

December 7, 2017 - By Peter Erickson

Pomelo Capital Llc increased Weatherford Intl Plc (WFT) stake by 5200% reported in 2017Q2 SEC filing. Pomelo Capital Llc acquired 520,000 shares as Weatherford Intl Plc (WFT)’s stock declined 8.25%. The Pomelo Capital Llc holds 530,000 shares with $2.05M value, up from 10,000 last quarter. Weatherford Intl Plc now has $3.35 billion valuation. The stock increased 1.05% or $0.035 during the last trading session, reaching $3.375. About 9.18 million shares traded. Weatherford International plc (NYSE:WFT) has risen 2.15% since December 7, 2016 and is uptrending. It has underperformed by 14.55% the S&P500.

Daktronics Incorporated (NASDAQ:DAKT) had a decrease of 4.88% in short interest. DAKT’s SI was 1.84M shares in December as released by FINRA. Its down 4.88% from 1.93M shares previously. With 98,100 avg volume, 19 days are for Daktronics Incorporated (NASDAQ:DAKT)’s short sellers to cover DAKT’s short positions. The SI to Daktronics Incorporated’s float is 4.98%. The stock decreased 0.65% or $0.06 during the last trading session, reaching $9.16. About 61,561 shares traded. Daktronics, Inc. (NASDAQ:DAKT) has risen 24.81% since December 7, 2016 and is uptrending. It has outperformed by 8.11% the S&P500.

Daktronics, Inc. designs, manufactures, and sells a range of electronic display systems and related products worldwide. The company has market cap of $405.68 million. It operates through five divisions: Commercial, Live Events, High School Park and Recreation, Transportation, and International. It has a 31.48 P/E ratio. The firm offers video display systems, such as displays to show various levels of video, graphics, and animation, as well as controllers; LED ribbon board displays; mobile and modular display systems; freeform LED displays, which include architectural lighting and display products; indoor and outdoor scoreboards for various sports, digit displays, scoring and timing controllers, statistics software, and other related products; and timing systems for sports events primarily aquatics and track competitions, as well as swimming touchpads, race start systems, and relay take-off platforms.

Since June 9, 2017, it had 0 insider purchases, and 1 insider sale for $157,354 activity. 5,567 shares were sold by ANDERSON BYRON J, worth $55,182 on Friday, June 9. FRAME NANCY D sold $34,697 worth of stock or 3,525 shares. 16,000 Daktronics, Inc. (NASDAQ:DAKT) shares with value of $157,354 were sold by MULLIGAN JOHN L.

Investors sentiment increased to 1.42 in 2017 Q2. Its up 0.15, from 1.27 in 2017Q1. It increased, as 11 investors sold Daktronics, Inc. shares while 34 reduced holdings. 18 funds opened positions while 46 raised stakes. 21.40 million shares or 0.45% more from 21.31 million shares in 2017Q1 were reported. Morgan Stanley has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Northwestern Mutual Wealth Management holds 1,001 shares. Next Gp invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Teton Advsr has invested 0.07% in Daktronics, Inc. (NASDAQ:DAKT). Moreover, Aqr Cap Mgmt Ltd Liability has 0% invested in Daktronics, Inc. (NASDAQ:DAKT). Deutsche Financial Bank Ag reported 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). Gabelli Funds Ltd Limited Liability Company stated it has 0% of its portfolio in Daktronics, Inc. (NASDAQ:DAKT). 7,040 are owned by Globeflex Cap Ltd Partnership. The New York-based Cornerstone Management Lc has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Tudor Inv Corp Et Al invested in 0% or 16,540 shares. Denver Investment Lc has invested 0% in Daktronics, Inc. (NASDAQ:DAKT). Creative Planning stated it has 52 shares. Hanson & Doremus Invest Mngmt has invested 0.18% in Daktronics, Inc. (NASDAQ:DAKT). Wedge Capital Management L Ltd Partnership Nc holds 31,823 shares. Jacobs Levy Equity Management Inc holds 176,200 shares or 0.04% of its portfolio.

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. The stock of Weatherford International plc (NYSE:WFT) earned “Outperform” rating by Wells Fargo on Monday, March 27. On Monday, January 9 the stock rating was downgraded by Barclays Capital to “Equal Weight”. RBC Capital Markets maintained the stock with “Buy” rating in Friday, October 6 report. Howard Weil maintained it with “Sector Perform” rating and $9 target in Friday, February 5 report. On Friday, June 24 the stock rating was initiated by Imperial Capital with “In-Line”. The stock has “Neutral” rating by Goldman Sachs on Wednesday, April 19. Jefferies maintained Weatherford International plc (NYSE:WFT) rating on Tuesday, August 2. Jefferies has “Buy” rating and $7 target. Citigroup downgraded the shares of WFT in report on Monday, November 6 to “Hold” rating. The rating was maintained by RBC Capital Markets with “Buy” on Friday, June 23. The firm earned “Buy” rating on Friday, March 24 by Tudor Pickering.

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