As Epam Systems (EPAM) Stock Price Rose, Grandeur Peak Global Advisors Has Lifted Position; Glendon Capital Management LP Continues to Hold Stake in Whiting Pete New (WLL)

January 14, 2018 - By Michael Collier

Glendon Capital Management Lp increased its stake in Whiting Pete Corp New (WLL) by 112.34% based on its latest 2017Q3 regulatory filing with the SEC. Glendon Capital Management Lp bought 391,243 shares as the company’s stock declined 20.16% while stock markets rallied. The institutional investor held 739,523 shares of the oil & gas production company at the end of 2017Q3, valued at $4.04M, up from 348,280 at the end of the previous reported quarter. Glendon Capital Management Lp who had been investing in Whiting Pete Corp New for a number of months, seems to be bullish on the $2.70B market cap company. The stock increased 0.20% or $0.06 during the last trading session, reaching $29.78. About 4.20M shares traded. Whiting Petroleum Corporation (NYSE:WLL) has declined 20.87% since January 14, 2017 and is downtrending. It has underperformed by 37.57% the S&P500.

Grandeur Peak Global Advisors Llc increased its stake in Epam Systems Inc (EPAM) by 3.81% based on its latest 2017Q3 regulatory filing with the SEC. Grandeur Peak Global Advisors Llc bought 13,800 shares as the company’s stock rose 16.98% with the market. The institutional investor held 375,925 shares of the technology company at the end of 2017Q3, valued at $33.06 million, up from 362,125 at the end of the previous reported quarter. Grandeur Peak Global Advisors Llc who had been investing in Epam Systems Inc for a number of months, seems to be bullish on the $5.86B market cap company. The stock increased 0.43% or $0.47 during the last trading session, reaching $110.87. About 260,850 shares traded. EPAM Systems, Inc. (NYSE:EPAM) has risen 15.98% since January 14, 2017 and is uptrending. It has underperformed by 0.72% the S&P500.

Investors sentiment decreased to 0.94 in Q3 2017. Its down 0.57, from 1.51 in 2017Q2. It dropped, as 61 investors sold WLL shares while 64 reduced holdings. 31 funds opened positions while 87 raised stakes. 308.92 million shares or 6.48% more from 290.12 million shares in 2017Q2 were reported. Advisors Asset Mngmt holds 0% or 9,039 shares in its portfolio. Capstone Advisors Limited Company accumulated 24,085 shares. Comerica Retail Bank owns 0% invested in Whiting Petroleum Corporation (NYSE:WLL) for 41,335 shares. Illinois-based Ubs Asset Americas has invested 0% in Whiting Petroleum Corporation (NYSE:WLL). Aperio Gp Limited Liability Corp reported 99,032 shares or 0% of all its holdings. Fine Cap Prtn Ltd Partnership holds 15.11% or 26.39 million shares in its portfolio. Proshare Ltd Liability accumulated 30,267 shares or 0% of the stock. Wellington Mgmt Group Llp invested 0% of its portfolio in Whiting Petroleum Corporation (NYSE:WLL). State Street Corp holds 13.88M shares. Moreover, Par Capital has 0.56% invested in Whiting Petroleum Corporation (NYSE:WLL). Moreover, Magnetar Finance Limited Co has 0.01% invested in Whiting Petroleum Corporation (NYSE:WLL) for 61,736 shares. Canada Pension Plan Invest Board holds 0% or 10 shares in its portfolio. Northwestern Mutual Wealth Mngmt Comm accumulated 2,235 shares. Robecosam Ag holds 10,000 shares. Goldman Sachs holds 13.64 million shares.

Glendon Capital Management Lp, which manages about $947.63M and $430.48M US Long portfolio, decreased its stake in Southwest Airls Co (NYSE:LUV) by 10,288 shares to 88,941 shares, valued at $4.98 million in 2017Q3, according to the filing. It also reduced its holding in Delphi Automotive Plc (NYSE:DLPH) by 34,408 shares in the quarter, leaving it with 26,468 shares, and cut its stake in Delta Air Lines Inc Del (NYSE:DAL).

Among 40 analysts covering Whiting Petroleum Corporation (NYSE:WLL), 11 have Buy rating, 6 Sell and 23 Hold. Therefore 28% are positive. Whiting Petroleum Corporation had 134 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, October 5. The firm earned “Sell” rating on Tuesday, May 30 by Goldman Sachs. As per Friday, December 16, the company rating was downgraded by Wells Fargo. The rating was maintained by Barclays Capital on Wednesday, October 11 with “Equal-Weight”. The rating was upgraded by Credit Agricole on Monday, August 10 to “Outperform”. The stock of Whiting Petroleum Corporation (NYSE:WLL) earned “Buy” rating by Citigroup on Monday, September 14. The firm earned “Neutral” rating on Thursday, October 6 by Mizuho. Imperial Capital maintained Whiting Petroleum Corporation (NYSE:WLL) rating on Monday, November 13. Imperial Capital has “Hold” rating and $30.0 target. BMO Capital Markets maintained the stock with “Hold” rating in Wednesday, June 21 report. The stock of Whiting Petroleum Corporation (NYSE:WLL) has “Hold” rating given on Thursday, January 11 by BMO Capital Markets.

Grandeur Peak Global Advisors Llc, which manages about $1.61B and $655.33 million US Long portfolio, decreased its stake in Paycom Software Inc (NYSE:PAYC) by 6,300 shares to 108,500 shares, valued at $8.13M in 2017Q3, according to the filing. It also reduced its holding in Kinsale Capital Group Inc by 15,881 shares in the quarter, leaving it with 158,519 shares, and cut its stake in Genpact Ltd (NYSE:G).

Since August 11, 2017, it had 0 insider purchases, and 14 sales for $22.58 million activity. Shekhter Elaina had sold 500 shares worth $45,000.

Among 17 analysts covering EPAM Systems (NYSE:EPAM), 16 have Buy rating, 0 Sell and 1 Hold. Therefore 94% are positive. EPAM Systems had 41 analyst reports since August 6, 2015 according to SRatingsIntel. Needham maintained it with “Buy” rating and $110.0 target in Friday, November 3 report. The rating was maintained by Citigroup on Friday, May 27 with “Buy”. The stock has “Buy” rating by Jefferies on Thursday, August 17. The firm has “Buy” rating by Needham given on Thursday, November 19. UBS maintained EPAM Systems, Inc. (NYSE:EPAM) rating on Friday, August 4. UBS has “Buy” rating and $96 target. The stock has “Buy” rating by Monness Crespi & Hardt on Thursday, October 20. The rating was downgraded by Monness Crespi & Hardt to “Hold” on Monday, March 7. Cowen & Co maintained EPAM Systems, Inc. (NYSE:EPAM) rating on Friday, July 28. Cowen & Co has “Buy” rating and $9500 target. UBS downgraded EPAM Systems, Inc. (NYSE:EPAM) on Wednesday, November 29 to “Neutral” rating. Needham maintained the shares of EPAM in report on Friday, February 17 with “Buy” rating.

Investors sentiment decreased to 1.47 in 2017 Q3. Its down 0.34, from 1.81 in 2017Q2. It dropped, as 19 investors sold EPAM shares while 56 reduced holdings. 30 funds opened positions while 80 raised stakes. 44.11 million shares or 0.03% less from 44.13 million shares in 2017Q2 were reported. Toth Advisory Corporation owns 0.22% invested in EPAM Systems, Inc. (NYSE:EPAM) for 10,010 shares. National Bank Of New York Mellon reported 0.01% stake. Goldman Sachs Group Inc has invested 0% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM). Highland Capital Limited Partnership reported 0.33% in EPAM Systems, Inc. (NYSE:EPAM). Rhumbline Advisers has 0.01% invested in EPAM Systems, Inc. (NYSE:EPAM). Profit Invest Management Lc invested 2.37% in EPAM Systems, Inc. (NYSE:EPAM). Strs Ohio accumulated 8,100 shares. Nuveen Asset Mgmt Limited Liability Company holds 0.03% or 47,501 shares in its portfolio. Massachusetts Communications Ma invested 0.08% in EPAM Systems, Inc. (NYSE:EPAM). Junto Cap Ltd Partnership owns 283,049 shares or 2.04% of their US portfolio. Quantitative Invest Mgmt Llc invested in 0.03% or 32,500 shares. Barclays Public Ltd Co reported 11,847 shares. Renaissance Techs Lc holds 4,900 shares or 0% of its portfolio. Envestnet Asset Management owns 16,743 shares. First Tru Advsr LP reported 0.01% of its portfolio in EPAM Systems, Inc. (NYSE:EPAM).

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