A-R-T- Advisors Has Cut Devon Energy New (DVN) Position; Caesarstone Limited Ord (CSTE) Shorts Decreased By 16.24%

January 14, 2018 - By Stephen Andrade

A-R-T- Advisors Llc decreased Devon Energy Corp New (DVN) stake by 57.71% reported in 2017Q3 SEC filing. A-R-T- Advisors Llc sold 166,200 shares as Devon Energy Corp New (DVN)’s stock declined 13.09%. The A-R-T- Advisors Llc holds 121,800 shares with $4.47M value, down from 288,000 last quarter. Devon Energy Corp New now has $23.14 billion valuation. The stock increased 2.25% or $0.97 during the last trading session, reaching $44.04. About 7.67M shares traded or 57.47% up from the average. Devon Energy Corporation (NYSE:DVN) has risen 13.24% since January 14, 2017 and is uptrending. It has underperformed by 3.46% the S&P500.

Caesarstone Limited Ord (NASDAQ:CSTE) had a decrease of 16.24% in short interest. CSTE’s SI was 483,400 shares in January as released by FINRA. Its down 16.24% from 577,100 shares previously. With 150,100 avg volume, 3 days are for Caesarstone Limited Ord (NASDAQ:CSTE)’s short sellers to cover CSTE’s short positions. The SI to Caesarstone Limited Ord’s float is 2.38%. It closed at $24.5 lastly. It is up 6.39% since January 14, 2017 and is uptrending. It has underperformed by 10.31% the S&P500.

Caesarstone Ltd., together with its subsidiaries, makes and sells engineered quartz surfaces under the Caesarstone brand in the United States, Australia, Canada, Israel, Europe, and internationally. The company has market cap of $841.31 million. The Company’s engineered quartz slabs are used as countertops in residential kitchens, as well as serve the renovation and remodeling market. It has a 18.93 P/E ratio. The companyÂ’s products are also used in other applications, such as vanity tops, wall panels, back splashes, floor tiles, stairs, and other interior surfaces that are used in various residential and non-residential applications.

Among 10 analysts covering Caesarstone Sdot-Yam (NASDAQ:CSTE), 3 have Buy rating, 3 Sell and 4 Hold. Therefore 30% are positive. Caesarstone Sdot-Yam had 26 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was initiated by Chardan Capital Markets on Wednesday, April 6 with “Buy”. The stock has “Buy” rating by Chardan Capital Markets on Monday, November 7. The stock of Caesarstone Ltd. (NASDAQ:CSTE) has “Overweight” rating given on Tuesday, October 13 by Barclays Capital. The company was maintained on Thursday, February 11 by Stifel Nicolaus. As per Wednesday, November 2, the company rating was downgraded by JP Morgan. The firm has “Buy” rating by JP Morgan given on Monday, August 24. The rating was downgraded by Barclays Capital on Thursday, February 11 to “Equal-Weight”. The company was downgraded on Thursday, November 2 by JP Morgan. The firm has “Neutral” rating given on Monday, November 7 by UBS. The firm earned “Buy” rating on Wednesday, August 2 by Stifel Nicolaus.

Investors sentiment decreased to 1 in Q3 2017. Its down 0.08, from 1.08 in 2017Q2. It is negative, as 55 investors sold DVN shares while 230 reduced holdings. 75 funds opened positions while 209 raised stakes. 396.57 million shares or 0.97% less from 400.45 million shares in 2017Q2 were reported. Commonwealth Of Pennsylvania School Empls Retrmt reported 0.03% stake. Fuller Thaler Asset Mgmt has 11,800 shares. Gotham Asset Ltd Liability reported 0.02% stake. Barclays Pcl has 175,803 shares for 0.01% of their portfolio. Virginia Retirement Et Al accumulated 255,620 shares or 0.11% of the stock. Cornercap Invest Counsel owns 110,325 shares. Nomura Asset Management owns 67,124 shares or 0.03% of their US portfolio. 241,463 were reported by Oppenheimer Asset Mngmt. 113,112 are owned by Hartford Invest Mgmt. 2,700 were accumulated by Nikko Asset Mngmt Americas Inc. 1832 Asset Limited Partnership holds 0.06% or 453,501 shares in its portfolio. Korea Invest accumulated 150,674 shares. British Columbia Mgmt invested 0.14% in Devon Energy Corporation (NYSE:DVN). Bronson Point Management Ltd invested in 3.54% or 300,000 shares. Boston Advsrs Ltd Liability owns 16,525 shares.

A-R-T- Advisors Llc increased Wabco Hldgs Inc (NYSE:WBC) stake by 18,200 shares to 24,300 valued at $3.60 million in 2017Q3. It also upped Instructure Inc stake by 18,400 shares and now owns 36,997 shares. Conagra Brands Inc (NYSE:CAG) was raised too.