As Liberty Global Plc (LBTYK) Market Value Declined, Holder Adelphi Capital Llp Has Decreased Its Holding by $10.00 Million; State Of Tennessee Treasury Department Cut Its Superior Energy Svcs (SPN) Stake by $750,000 as Market Valuation Declined

January 17, 2018 - By Richard Conner

State Of Tennessee Treasury Department decreased its stake in Superior Energy Svcs Inc (SPN) by 50% based on its latest 2017Q3 regulatory filing with the SEC. State Of Tennessee Treasury Department sold 75,000 shares as the company’s stock declined 27.83% while stock markets rallied. The institutional investor held 75,000 shares of the energy company at the end of 2017Q3, valued at $801,000, down from 150,000 at the end of the previous reported quarter. State Of Tennessee Treasury Department who had been investing in Superior Energy Svcs Inc for a number of months, seems to be less bullish one the $1.70B market cap company. The stock decreased 0.36% or $0.04 during the last trading session, reaching $11.11. About 810,205 shares traded. Superior Energy Services, Inc. (NYSE:SPN) has declined 25.14% since January 17, 2017 and is downtrending. It has underperformed by 41.84% the S&P500.

Adelphi Capital Llp decreased its stake in Liberty Global Plc (LBTYK) by 8.44% based on its latest 2017Q3 regulatory filing with the SEC. Adelphi Capital Llp sold 312,437 shares as the company’s stock declined 17.26% while stock markets rallied. The institutional investor held 3.39 million shares of the television services company at the end of 2017Q3, valued at $110.80M, down from 3.70M at the end of the previous reported quarter. Adelphi Capital Llp who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $34.97B market cap company. The stock increased 0.49% or $0.17 during the last trading session, reaching $34.82. About 601,573 shares traded. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since January 17, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Among 30 analysts covering Superior Energy Services (NYSE:SPN), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Superior Energy Services had 123 analyst reports since August 3, 2015 according to SRatingsIntel. Jefferies maintained the shares of SPN in report on Friday, July 28 with “Hold” rating. As per Tuesday, December 13, the company rating was initiated by Gabelli. Citigroup maintained the shares of SPN in report on Monday, October 5 with “Neutral” rating. JP Morgan maintained the stock with “Overweight” rating in Monday, November 2 report. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Overweight” rating by Capital One on Wednesday, July 27. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Hold” rating given on Friday, April 28 by Nomura. Citigroup upgraded the stock to “Buy” rating in Friday, December 11 report. The company was downgraded on Monday, August 3 by TheStreet. As per Wednesday, October 25, the company rating was maintained by RBC Capital Markets. The firm has “Equal-Weight” rating given on Wednesday, June 21 by Morgan Stanley.

Investors sentiment decreased to 1.14 in 2017 Q3. Its down 0.17, from 1.31 in 2017Q2. It fall, as 27 investors sold SPN shares while 77 reduced holdings. 35 funds opened positions while 84 raised stakes. 160.81 million shares or 9.04% less from 176.79 million shares in 2017Q2 were reported. Metropolitan Life Insur owns 245,885 shares or 0.02% of their US portfolio. South Dakota Council accumulated 311,100 shares. 264,820 were accumulated by Clearbridge Invests Limited Liability Corp. 256,556 are owned by Bank & Trust Of Montreal Can. State Of Wisconsin Board owns 354,920 shares. Advantus Mngmt stated it has 19,294 shares or 0.01% of all its holdings. Glenmede Na reported 99,326 shares. Wells Fargo And Company Mn stated it has 0% in Superior Energy Services, Inc. (NYSE:SPN). Castleark Mgmt Limited Liability Co reported 179,090 shares. Phocas Fincl Corp invested in 608,360 shares or 0.5% of the stock. Two Sigma Ltd Llc holds 0.02% of its portfolio in Superior Energy Services, Inc. (NYSE:SPN) for 21,175 shares. Brown Advisory, a Maryland-based fund reported 100,812 shares. Franklin holds 0.03% or 5.06M shares in its portfolio. Walleye Trading Limited Co has invested 0% in Superior Energy Services, Inc. (NYSE:SPN). Swiss National Bank, Switzerland-based fund reported 257,075 shares.

Analysts await Superior Energy Services, Inc. (NYSE:SPN) to report earnings on February, 20. They expect $-0.31 earnings per share, up 58.11% or $0.43 from last year’s $-0.74 per share. After $-0.33 actual earnings per share reported by Superior Energy Services, Inc. for the previous quarter, Wall Street now forecasts -6.06% EPS growth.

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