Ensco Plc (ESV) Stock Rose While Greenlight Capital INC Upped Its Stake

June 17, 2018 - By Louis Casey

Ensco plc (NYSE:ESV) LogoInvestors sentiment decreased to 1.03 in 2018 Q1. Its down 0.45, from 1.48 in 2017Q4. It turned negative, as 30 investors sold ESV shares while 87 reduced holdings. 34 funds opened positions while 87 raised stakes. 398.89 million shares or 3.74% more from 384.52 million shares in 2017Q4 were reported. Jpmorgan Chase Co accumulated 466,621 shares. Ameriprise Fincl Inc accumulated 1.21 million shares or 0% of the stock. Raymond James Fincl Ser Advsrs invested in 51,294 shares. Tiaa Cref Investment Mngmt Limited Liability Company reported 1.01M shares or 0% of all its holdings. 13,821 were reported by Hexavest. Kanawha Mgmt Ltd Liability holds 0.01% in Ensco plc (NYSE:ESV) or 15,850 shares. Sei Invests stated it has 5,432 shares. Stratos Wealth Limited invested in 1,781 shares or 0% of the stock. Paloma Management reported 0% in Ensco plc (NYSE:ESV). Davidson Kempner Capital Mgmt LP owns 773,100 shares. Mackenzie Fincl reported 0.01% stake. Virtu Fincl Limited Company reported 0.01% stake. Parallax Volatility Advisers Lp holds 99,400 shares. 38,082 are owned by Hbk Sorce Advisory Ltd Liability. Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 24,734 shares.

David Einhorn increased its stake in Ensco Plc (ESV) by 106.19% based on its latest 2018Q1 regulatory filing with the SEC. Greenlight Capital Inc bought 10.30M shares as the company’s stock rose 22.69% while stock markets declined. The hedge fund run by David Einhorn held 20.00M shares of the oil & gas production company at the end of 2018Q1, valued at $87.80 million, up from 9.70 million at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Ensco Plc for a number of months, seems to be bullish on the $2.56B market cap company. The stock decreased 7.00% or $0.44 during the last trading session, reaching $5.85. About 26.59 million shares traded or 96.40% up from the average. Ensco plc (NYSE:ESV) has declined 6.04% since June 17, 2017 and is downtrending. It has underperformed by 18.61% the S&P500.

Greenlight Capital Inc, which manages about $11.41B and $3.99 billion US Long portfolio, decreased its stake in General Mtrs Co (NYSE:GM) by 3.25M shares to 22.61M shares, valued at $821.81M in 2018Q1, according to the filing. It also reduced its holding in Adient Plc by 521,887 shares in the quarter, leaving it with 1.18M shares, and cut its stake in Mylan N V (NASDAQ:MYL).

Another recent and important Ensco plc (NYSE:ESV) news was published by Seekingalpha.com which published an article titled: “Offshore Shipping Market Update” on June 12, 2018.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 8 analysts covering Ensco Plc (NYSE:ESV), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Ensco Plc has $7.0 highest and $5.0 lowest target. $5.72’s average target is -2.22% below currents $5.85 stock price. Ensco Plc had 12 analyst reports since January 4, 2018 according to SRatingsIntel. As per Wednesday, January 10, the company rating was downgraded by Piper Jaffray. As per Thursday, January 4, the company rating was maintained by Jefferies. Wells Fargo maintained Ensco plc (NYSE:ESV) rating on Wednesday, February 28. Wells Fargo has “Market Perform” rating and $6 target. The rating was upgraded by Credit Suisse on Friday, April 13 to “Outperform”. The firm has “Hold” rating given on Friday, January 12 by Susquehanna. The rating was downgraded by PiperJaffray to “Neutral” on Thursday, January 11. The stock of Ensco plc (NYSE:ESV) has “Hold” rating given on Thursday, January 11 by Cowen & Co. The firm has “Hold” rating by HSBC given on Thursday, June 7. The rating was downgraded by Credit Suisse to “Neutral” on Tuesday, January 23. As per Wednesday, February 28, the company rating was maintained by Susquehanna.

Ensco plc (NYSE:ESV) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our daily email newsletter.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter: