Cisco Sys (CSCO) Shareholder Sabal Trust Co Raised Stake by $1.19 Million; Amber Capital Management LP Has Trimmed Its Stake in Gran Tierra Energy (GTE) by $4.21 Million as Stock Price Declined

February 19, 2018 - By Adrian Mccoy

Sabal Trust Co increased its stake in Cisco Sys Inc (CSCO) by 5.01% based on its latest 2017Q3 regulatory filing with the SEC. Sabal Trust Co bought 36,119 shares as the company’s stock declined 7.50% while stock markets rallied. The institutional investor held 757,423 shares of the technology company at the end of 2017Q3, valued at $25.47 million, up from 721,304 at the end of the previous reported quarter. Sabal Trust Co who had been investing in Cisco Sys Inc for a number of months, seems to be bullish on the $219.15B market cap company. The stock increased 0.57% or $0.25 during the last trading session, reaching $44.33. About 39.27M shares traded or 51.26% up from the average. Cisco Systems, Inc. (NASDAQ:CSCO) has risen 13.20% since February 19, 2017 and is uptrending. It has underperformed by 3.50% the S&P500.

Joseph Oughourlian decreased its stake in Gran Tierra Energy Inc (GTE) by 18.41% based on its latest 2017Q3 regulatory filing with the SEC. Amber Capital Management Lp sold 2.10M shares as the company’s stock declined 6.20% while stock markets rallied. The hedge fund run by Joseph Oughourlian held 9.32 million shares of the oil & gas production company at the end of 2017Q3, valued at $21.25M, down from 11.42M at the end of the previous reported quarter. Amber Capital Management Lp who had been investing in Gran Tierra Energy Inc for a number of months, seems to be less bullish one the $1.03 billion market cap company. The stock increased 1.55% or $0.04 during the last trading session, reaching $2.62. About 1.35 million shares traded. Gran Tierra Energy Inc. (NYSEMKT:GTE) has declined 7.89% since February 19, 2017 and is downtrending. It has underperformed by 24.59% the S&P500.

Analysts await Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) to report earnings on March, 7. They expect $0.05 earnings per share, up 25.00% or $0.01 from last year’s $0.04 per share. GTE’s profit will be $19.58 million for 13.10 P/E if the $0.05 EPS becomes a reality. After $0.01 actual earnings per share reported by Gran Tierra Energy Inc. for the previous quarter, Wall Street now forecasts 400.00% EPS growth.

Among 5 analysts covering Gran Tierra Energy (NYSEMKT:GTE), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Gran Tierra Energy had 9 analyst reports since September 9, 2015 according to SRatingsIntel. The firm earned “Top Pick” rating on Monday, June 20 by RBC Capital Markets. Citigroup upgraded Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) on Friday, November 4 to “Buy” rating. Goldman Sachs upgraded the stock to “Neutral” rating in Friday, September 11 report. The stock of Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) earned “Outperform” rating by Credit Suisse on Friday, February 10. The firm has “Outperform” rating given on Friday, January 29 by RBC Capital Markets. The stock of Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) has “Neutral” rating given on Monday, December 14 by Citigroup.

Sabal Trust Co, which manages about $1.00 billion US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 59,428 shares to 233,336 shares, valued at $30.34M in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 93,185 shares in the quarter, leaving it with 128,654 shares, and cut its stake in Time Warner Inc (NYSE:TWX).

Among 38 analysts covering Cisco Systems Inc. (NASDAQ:CSCO), 26 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Cisco Systems Inc. had 150 analyst reports since August 4, 2015 according to SRatingsIntel. The rating was maintained by Needham on Monday, September 18 with “Hold”. The stock of Cisco Systems, Inc. (NASDAQ:CSCO) earned “Buy” rating by Drexel Hamilton on Tuesday, August 15. The company was maintained on Thursday, August 18 by Piperjaffray. Bank of America upgraded the shares of CSCO in report on Friday, January 5 to “Buy” rating. Stifel Nicolaus reinitiated Cisco Systems, Inc. (NASDAQ:CSCO) on Friday, November 18 with “Hold” rating. RBC Capital Markets maintained the shares of CSCO in report on Monday, October 9 with “Buy” rating. The firm has “Market Perform” rating by BMO Capital Markets given on Tuesday, May 9. The firm has “Buy” rating by Deutsche Bank given on Thursday, February 11. Jefferies maintained the stock with “Buy” rating in Friday, June 30 report. The firm has “Buy” rating by Drexel Hamilton given on Thursday, June 29.

Investors sentiment decreased to 1.02 in 2017 Q3. Its down 0.16, from 1.18 in 2017Q2. It worsened, as 74 investors sold CSCO shares while 637 reduced holdings. 107 funds opened positions while 619 raised stakes. 3.60 billion shares or 0.03% more from 3.60 billion shares in 2017Q2 were reported. Timber Creek Cap Mgmt Ltd Limited Liability Company accumulated 120,431 shares. Kbc Group Nv holds 951,860 shares or 0.29% of its portfolio. Chevy Chase Holding accumulated 0.68% or 4.47M shares. Allsquare Wealth Mgmt Limited Com invested 0.02% of its portfolio in Cisco Systems, Inc. (NASDAQ:CSCO). Laurion Cap Mngmt LP holds 0.02% or 155,157 shares in its portfolio. 22,890 are held by Barrington Strategic Wealth Grp Limited Liability Company. Diversified Tru Company has invested 0.29% in Cisco Systems, Inc. (NASDAQ:CSCO). Steinberg Glob Asset Management holds 0.13% or 26,396 shares in its portfolio. Ameritas Prns holds 0.45% or 289,331 shares. Cambridge Rech Advisors owns 515,334 shares for 0.23% of their portfolio. Ajo LP has invested 0.02% in Cisco Systems, Inc. (NASDAQ:CSCO). Park Avenue Secs Llc accumulated 12,820 shares. Wealth Architects Ltd Llc holds 9,128 shares or 0.11% of its portfolio. Stillwater Investment Management Ltd Liability, Minnesota-based fund reported 71,912 shares. Freestone Cap Holdings accumulated 739,938 shares.

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