Bank Of The Ozarks (OZRK) Shares Declined While Stephens Decreased Its Position by $1.14 Million; Pdc Energy (PDCE) Holding Has Increased by United Services Automobile Association



August 28, 2017 – By Ellis Scott

United Services Automobile Association increased its stake in Pdc Energy Inc (PDCE) by 73.47% based on its latest 2016Q4 regulatory filing with the SEC. United Services Automobile Association bought 7,700 shares as the company’s stock declined 25.81% while stock markets rallied. The institutional investor held 18,180 shares of the energy company at the end of 2016Q4, valued at $1.32 million, up from 10,480 at the end of the previous reported quarter. United Services Automobile Association who had been investing in Pdc Energy Inc for a number of months, seems to be bullish on the $2.50B market cap company. The stock declined 1.73% or $0.67 reaching $38.02 on the news. About 210,307 shares traded. PDC Energy Inc (NASDAQ:PDCE) has declined 13.25% since August 28, 2016 and is downtrending. It has underperformed by 29.95% the S&P500.

Stephens Inc decreased its stake in Bank Of The Ozarks Inc (OZRK) by 17.72% based on its latest 2016Q4 regulatory filing with the SEC. Stephens Inc sold 21,940 shares as the company’s stock declined 14.66% while stock markets rallied. The institutional investor held 101,885 shares of the major banks company at the end of 2016Q4, valued at $5.36M, down from 123,825 at the end of the previous reported quarter. Stephens Inc who had been investing in Bank Of The Ozarks Inc for a number of months, seems to be less bullish one the $5.41B market cap company. The stock rose 0.09% or $0.04 reaching $42.24. About 311,877 shares traded. Bank Of The Ozarks Inc (NASDAQ:OZRK) has risen 26.77% since August 28, 2016 and is uptrending. It has outperformed by 10.07% the S&P500.

United Services Automobile Association, which manages about $29.90 billion US Long portfolio, decreased its stake in Hope Bancorp Inc by 58,000 shares to 572,000 shares, valued at $12.52 million in 2016Q4, according to the filing. It also reduced its holding in Stryker Corp (NYSE:SYK) by 10,063 shares in the quarter, leaving it with 356,814 shares, and cut its stake in Boeing Co/The (NYSE:BA).

Since March 1, 2017, it had 0 insider purchases, and 5 insider sales for $508,074 activity. Shares for $105,859 were sold by BROOKMAN BARTON R JR on Monday, April 3. PARKE DAVID C sold $12,932 worth of PDC Energy Inc (NASDAQ:PDCE) on Wednesday, March 15. Casabona Joseph E. sold 3,600 shares worth $237,528.

Among 25 analysts covering PDC Energy (NASDAQ:PDCE), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. PDC Energy had 60 analyst reports since August 10, 2015 according to SRatingsIntel. Cantor Fitzgerald maintained the stock with “Buy” rating in Tuesday, August 11 report. Mizuho initiated it with “Neutral” rating and $69 target in Thursday, October 6 report. The firm earned “Buy” rating on Friday, April 8 by Stifel Nicolaus. The firm has “Hold” rating by Seaport Global given on Wednesday, June 21. The rating was upgraded by KLR Group on Tuesday, August 11 to “Accumulate”. The firm has “Market Perform” rating given on Tuesday, September 8 by Cowen & Co. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, November 6 report. The stock of PDC Energy Inc (NASDAQ:PDCE) has “Neutral” rating given on Friday, December 16 by Goldman Sachs. The company was initiated on Wednesday, December 9 by JP Morgan. Williams Capital Group initiated PDC Energy Inc (NASDAQ:PDCE) on Monday, August 29 with “Buy” rating.

Another recent and important PDC Energy Inc (NASDAQ:PDCE) news was published by Globenewswire.com which published an article titled: “PDC Energy Announces 2017 Second Quarter Results With 54% Production Increase …” on August 08, 2017.

Investors sentiment decreased to 1.13 in Q4 2016. Its down 0.84, from 1.97 in 2016Q3. It worsened, as 35 investors sold PDCE shares while 88 reduced holdings. 45 funds opened positions while 94 raised stakes. 61.38 million shares or 0.10% less from 61.45 million shares in 2016Q3 were reported. Moreover, Gemmer Asset Ltd has 0.01% invested in PDC Energy Inc (NASDAQ:PDCE). Moreover, Teachers Retirement Of The State Of Kentucky has 0.03% invested in PDC Energy Inc (NASDAQ:PDCE) for 36,204 shares. Alyeska Group Ltd Partnership invested in 802,429 shares or 0.52% of the stock. 181,484 were accumulated by Ubs Asset Americas. Causeway Mngmt invested 3.41% of its portfolio in PDC Energy Inc (NASDAQ:PDCE). Eaton Vance Mgmt holds 0.03% in PDC Energy Inc (NASDAQ:PDCE) or 155,468 shares. First Mercantile Tru Company holds 0.02% of its portfolio in PDC Energy Inc (NASDAQ:PDCE) for 1,740 shares. Arizona State Retirement holds 0.03% or 28,699 shares. First Personal Fin Svcs accumulated 950 shares. Jefferies Group Limited reported 3,826 shares. Moreover, Bnp Paribas Investment Partners Sa has 0.12% invested in PDC Energy Inc (NASDAQ:PDCE). Corecommodity Mngmt Lc holds 1.02% or 15,917 shares in its portfolio. Cibc Asset Management Inc holds 0% or 3,410 shares. Creative Planning owns 300 shares. Caymus Cap Ptnrs Ltd Partnership has invested 5.7% in PDC Energy Inc (NASDAQ:PDCE).

Among 9 analysts covering Bank of the Ozarks (NASDAQ:OZRK), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Bank of the Ozarks had 19 analyst reports since August 25, 2015 according to SRatingsIntel. The stock of Bank Of The Ozarks Inc (NASDAQ:OZRK) has “Outperform” rating given on Monday, May 16 by Wood. Sandler O’Neill upgraded the stock to “Hold” rating in Wednesday, August 26 report. The firm earned “Outperform” rating on Thursday, December 24 by Merion Capital Group. Raymond James upgraded Bank Of The Ozarks Inc (NASDAQ:OZRK) on Tuesday, August 25 to “Outperform” rating. Stephens maintained Bank Of The Ozarks Inc (NASDAQ:OZRK) rating on Friday, July 28. Stephens has “Hold” rating and $4800 target. The firm has “Outperform” rating by Keefe Bruyette & Woods given on Monday, May 16. On Wednesday, August 2 the stock rating was maintained by Brean Capital with “Buy”. The rating was upgraded by Piper Jaffray to “Overweight” on Friday, May 6. As per Thursday, June 22, the company rating was maintained by Stephens. On Wednesday, November 30 the stock rating was initiated by Brean Capital with “Buy”.

Since March 7, 2017, it had 0 insider buys, and 3 selling transactions for $1.42 million activity. 1,034 shares valued at $47,561 were sold by Kenny Peter C on Wednesday, May 17. Thomas Dan also sold $935,023 worth of Bank Of The Ozarks Inc (NASDAQ:OZRK) shares.

Analysts await Bank Of The Ozarks Inc (NASDAQ:OZRK) to report earnings on October, 10. They expect $0.74 EPS, up 12.12% or $0.08 from last year’s $0.66 per share. OZRK’s profit will be $94.78M for 14.27 P/E if the $0.74 EPS becomes a reality. After $0.73 actual EPS reported by Bank Of The Ozarks Inc for the previous quarter, Wall Street now forecasts 1.37% EPS growth.

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