Empyrean Capital Partners LP Has Trimmed Ensco Plc (ESV) Position by $7.20 Million; Stock Price Declined

March 14, 2018 - By Henry Gaston

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.02, from 1.01 in 2017Q2. It turned negative, as 48 investors sold ESV shares while 86 reduced holdings. 48 funds opened positions while 84 raised stakes. 328.54 million shares or 9.34% more from 300.48 million shares in 2017Q2 were reported. Panagora Asset Mngmt reported 832,669 shares. Lmr Partners Ltd Liability Partnership, a United Kingdom-based fund reported 18,216 shares. Sei Company reported 9,420 shares or 0% of all its holdings. Capital International Sarl holds 2.94% or 5.93M shares. Citigroup stated it has 0.01% of its portfolio in Ensco plc (NYSE:ESV). Carroll Financial, North Carolina-based fund reported 960 shares. Mason Street Ltd Limited Liability Company has 0.02% invested in Ensco plc (NYSE:ESV). First Manhattan accumulated 648,610 shares. D E Shaw And Incorporated holds 0% or 50,399 shares. 507,947 are held by Credit Suisse Ag. Alps Advsr has invested 0% in Ensco plc (NYSE:ESV). Trexquant Invest Lp has invested 0.32% in Ensco plc (NYSE:ESV). Brigade Capital Mgmt Limited Partnership holds 1.82 million shares or 0.88% of its portfolio. Nomura reported 177,200 shares. Ameritas Prtnrs Inc holds 0.02% in Ensco plc (NYSE:ESV) or 116,636 shares.

Michael A. Price decreased its stake in Ensco Plc (ESV) by 45% based on its latest 2017Q3 regulatory filing with the SEC. Empyrean Capital Partners Lp sold 1.44M shares as the company’s stock declined 27.69% while stock markets rallied. The hedge fund run by Michael A. Price held 1.76M shares of the oil & gas production company at the end of 2017Q3, valued at $10.51 million, down from 3.20M at the end of the previous reported quarter. Empyrean Capital Partners Lp who had been investing in Ensco Plc for a number of months, seems to be less bullish one the $2.08B market cap company. The stock decreased 0.62% or $0.03 during the last trading session, reaching $4.78. About 6.61M shares traded. Ensco plc (NYSE:ESV) has declined 23.23% since March 14, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Empyrean Capital Partners Lp, which manages about $4.52B and $2.60B US Long portfolio, upped its stake in Dell Technologies Inc by 350,000 shares to 2.91 million shares, valued at $224.64 million in 2017Q3, according to the filing. It also increased its holding in Enova Intl Inc by 409,030 shares in the quarter, for a total of 2.19 million shares, and has risen its stake in Seritage Growth Pptys.

Analysts await Ensco plc (NYSE:ESV) to report earnings on April, 25. They expect $-0.24 EPS, down 500.00 % or $0.20 from last year’s $-0.04 per share. After $-0.23 actual EPS reported by Ensco plc for the previous quarter, Wall Street now forecasts 4.35 % negative EPS growth.

More notable recent Ensco plc (NYSE:ESV) news were published by: Seekingalpha.com which released: “Ensco: Q4 2017 Results Analysis” on March 06, 2018, also Seekingalpha.com with their article: “Ensco: Cut It A Little Slack” published on March 05, 2018, Seekingalpha.com published: “Why Is Ensco So Volatile?” on March 05, 2018. More interesting news about Ensco plc (NYSE:ESV) were released by: Seekingalpha.com and their article: “Is Ensco Heading To New Lows?” published on March 01, 2018 as well as Seekingalpha.com‘s news article titled: “Ensco Fleet Status Report Brings Plenty Of Contracts” with publication date: February 21, 2018.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 35 analysts covering Ensco Plc (NYSE:ESV), 11 have Buy rating, 5 Sell and 19 Hold. Therefore 31% are positive. Ensco Plc had 84 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Piper Jaffray on Monday, June 19. The firm earned “Neutral” rating on Friday, December 16 by Goldman Sachs. The stock of Ensco plc (NYSE:ESV) earned “Buy” rating by Piper Jaffray on Tuesday, September 19. The rating was downgraded by DNB Markets on Tuesday, July 19 to “Sell”. FBR Capital maintained the stock with “Neutral” rating in Friday, October 27 report. Cowen & Co maintained Ensco plc (NYSE:ESV) on Wednesday, October 18 with “Hold” rating. On Wednesday, September 28 the stock rating was maintained by Jefferies with “Hold”. The stock of Ensco plc (NYSE:ESV) has “Buy” rating given on Monday, September 19 by Zephrin Group. The company was maintained on Friday, January 12 by Susquehanna. The firm has “Hold” rating by BMO Capital Markets given on Tuesday, July 11.

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