Ascend Capital Stake in Genesee & Wyo (GWR) Lifted by $1.70 Million as Market Valuation Rose; Schlumberger (SLB) Valuation Rose While Connors Investor Services Lifted Position

July 12, 2018 - By Victoria Pittman

Genesee & Wyoming Inc. (NYSE:GWR) Logo

Connors Investor Services Inc increased its stake in Schlumberger (SLB) by 69.6% based on its latest 2018Q1 regulatory filing with the SEC. Connors Investor Services Inc bought 51,048 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 124,391 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $8.06 million, up from 73,343 at the end of the previous reported quarter. Connors Investor Services Inc who had been investing in Schlumberger for a number of months, seems to be bullish on the $94.66B market cap company. The stock decreased 1.65% or $1.15 during the last trading session, reaching $68.34. About 7.50M shares traded or 5.40% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since July 12, 2017 and is downtrending. It has underperformed by 13.71% the S&P500. Some Historical SLB News: 20/04/2018 – SCHLUMBERGER SEES FRACK MARKET BALANCED IN COMING QUARTERS; 21/05/2018 – Energy Voice: Exclusive: Bonuses slashed at Schlumberger as `pricing pressure’ continues – #OOTT; 06/03/2018 – SCHLUMBERGER CEO CONCLUDES COMMENTS AT CERAWEEK CONFERENCE; 20/04/2018 – SCHLUMBERGER – GROWTH IN NORTH AMERICA IN QTR DRIVEN BY RAMP-UP OF ACTIVITY IN CANADA AND HIGHER DRILLING GROUP ACTIVITY IN NORTH AMERICA, AMONG OTHERS; 06/03/2018 – CERAWEEK – SCHLUMBERGER’S KIBSGAARD SAYS MARKET IS ‘BANKING’ ON U.S. SUPPLY GOING FORWARD; 19/03/2018 – ANGLO AFRICAN OIL & GAS PLC AAOG.L – UNIT PETRO KOUILOU HAS FINALISED A CONTRACT WITH LEADING OIL SERVICES COMPANY SCHLUMBERGER LIMITED; 20/04/2018 – SCHLUMBERGER EARNINGS CONFERENCE CALL BEGINS; 18/04/2018 – SEADRILL CEO SAYS THE COMPANY HAS A CRITICAL MASS NEEDED TO SERVE ‘ANY CUSTOMERS IN ANY MARKETS’; 20/04/2018 – SCHLUMBERGER NV – QTRLY EPS WAS $0.38; 20/04/2018 – SCHLUMBERGER SAYS NORTH AMERICA AND GLOBAL E&P INVESTMENT STILL EXPECTED TO GROW 20 PCT AND 5 PCT RESPECTIVELY

Malcolm Fairbairn increased its stake in Genesee & Wyo Inc (GWR) by 93.7% based on its latest 2018Q1 regulatory filing with the SEC. Ascend Capital Llc bought 24,248 shares as the company’s stock rose 6.58% while stock markets declined. The hedge fund run by Malcolm Fairbairn held 50,126 shares of the transportation company at the end of 2018Q1, valued at $3.55 million, up from 25,878 at the end of the previous reported quarter. Ascend Capital Llc who had been investing in Genesee & Wyo Inc for a number of months, seems to be bullish on the $5.02 billion market cap company. The stock decreased 1.76% or $1.48 during the last trading session, reaching $82.59. About 266,457 shares traded. Genesee & Wyoming Inc. (NYSE:GWR) has risen 18.55% since July 12, 2017 and is uptrending. It has outperformed by 5.98% the S&P500. Some Historical GWR News: 20/04/2018 – Genesee & Wyoming Closes Below 50-Day Moving Average; 17/04/2018 – GENESEE & WYOMING MARCH SAME-RAILROAD TRAFFIC DOWN 3.9%; 01/05/2018 – Genesee & Wyoming 1Q EPS $1.19; 03/04/2018 – GENESEE & WYOMING INC GWR.N – APPOINTS BRUCE CARTER AND CYNTHIA HOSTETLER TO ITS BOARD OF DIRECTORS; 01/05/2018 – Genesee & Wyoming 1Q Rev $574.7M; 13/03/2018 – Genesee & Wyoming Reports Traffic for February 2018; 17/04/2018 – GENESEE & WYOMING REPORTS TRAFFIC FOR MARCH 2018; 14/05/2018 – Genesee & Wyoming Reports Traffic for April 2018; 20/04/2018 – DJ Genesee & Wyoming Inc Class A, Inst Holders, 1Q 2018 (GWR); 17/04/2018 – Genesee & Wyoming 1Q Traffic Through March 811.313 Carloads, Down 1.2%

Investors sentiment increased to 1.2 in Q1 2018. Its up 0.54, from 0.66 in 2017Q4. It increased, as 60 investors sold SLB shares while 488 reduced holdings. 111 funds opened positions while 548 raised stakes. 1.04 billion shares or 1.22% less from 1.05 billion shares in 2017Q4 were reported. Quantbot Technology Limited Partnership reported 9,781 shares or 0.05% of all its holdings. Premier Asset Limited Liability Corporation reported 0.13% stake. Perigon Wealth Mngmt Ltd Liability Co holds 0.09% or 3,930 shares. Clarivest Asset Management Limited Liability has 2,542 shares. Fragasso Gp holds 16,936 shares or 0.27% of its portfolio. Moreover, Tokio Marine Asset Mngmt Communications has 0.36% invested in Schlumberger Limited (NYSE:SLB). Brick And Kyle Associate reported 1.18% in Schlumberger Limited (NYSE:SLB). First State Bank Trust Of Newtown accumulated 18,083 shares. Van Strum & Towne owns 61,314 shares or 2.79% of their US portfolio. Van Hulzen Asset Management Ltd, California-based fund reported 67,145 shares. Gamble Jones Investment Counsel invested in 0.62% or 95,671 shares. Patten Patten Tn holds 15,117 shares or 0.1% of its portfolio. Manchester Mgmt Ltd Llc holds 0.06% or 5,478 shares. 4,371 were accumulated by Financial Architects Inc. Nwq Invest Com Llc has invested 0.46% in Schlumberger Limited (NYSE:SLB).

Connors Investor Services Inc, which manages about $522.13M and $681.17 million US Long portfolio, decreased its stake in Cisco Systems (NASDAQ:CSCO) by 176,430 shares to 206,380 shares, valued at $8.85 million in 2018Q1, according to the filing. It also reduced its holding in Pnc Financial Services Group (NYSE:PNC) by 36,850 shares in the quarter, leaving it with 52,989 shares, and cut its stake in Emerson Electric (NYSE:EMR).

More news for Schlumberger Limited (NYSE:SLB) were recently published by: Seekingalpha.com, which released: “Schlumberger: Another Win” on June 24, 2018. Forbes.com‘s article titled: “Speculation About $150 Oil And The (Inevitable) Rise Of Deep Water Companies” and published on July 11, 2018 is yet another important article.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 152 analyst reports since July 22, 2015 according to SRatingsIntel. Standpoint Research upgraded the stock to “Hold” rating in Wednesday, August 26 report. The stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given on Wednesday, April 20 by Standpoint Research. The rating was maintained by Seaport Global on Monday, April 23 with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) has “Hold” rating given on Wednesday, January 18 by SunTrust. The stock has “Hold” rating by BMO Capital Markets on Monday, January 15. Morgan Stanley maintained Schlumberger Limited (NYSE:SLB) on Monday, April 25 with “Overweight” rating. The firm has “Buy” rating given on Tuesday, September 5 by BMO Capital Markets. On Thursday, October 5 the stock rating was maintained by Citigroup with “Buy”. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Cowen & Co on Friday, October 6. On Friday, October 16 the stock rating was maintained by Cowen & Co with “Outperform”.

Since January 22, 2018, it had 3 buys, and 3 sales for $6.93 million activity. On Monday, March 26 the insider KIBSGAARD PAAL bought $646,800. The insider Guild Howard sold $1.96 million. Jaramillo Claudia also sold $218,049 worth of Schlumberger Limited (NYSE:SLB) shares. $192,900 worth of Schlumberger Limited (NYSE:SLB) was bought by Al Mogharbel Khaled. The insider Schorn Patrick bought $323,950.

Ascend Capital Llc, which manages about $4.98B and $2.46B US Long portfolio, decreased its stake in Vistra Energy Corp by 52,001 shares to 52,487 shares, valued at $1.09M in 2018Q1, according to the filing. It also reduced its holding in Xylem Inc (NYSE:XYL) by 663,658 shares in the quarter, leaving it with 76,890 shares, and cut its stake in Altair Engr Inc.

More news for Genesee & Wyoming Inc. (NYSE:GWR) were recently published by: Streetinsider.com, which released: “Genesee & Wyoming (GWR) May Carloads Increase 6.6%” on June 13, 2018. Businesswire.com‘s article titled: “Genesee & Wyoming Announces Q2 2018 Financial Release Conference Call and Webcast” and published on July 05, 2018 is yet another important article.

Investors sentiment increased to 1.57 in 2018 Q1. Its up 0.17, from 1.4 in 2017Q4. It increased, as 18 investors sold GWR shares while 72 reduced holdings. 45 funds opened positions while 96 raised stakes. 55.49 million shares or 3.60% less from 57.56 million shares in 2017Q4 were reported. Neuberger Berman Gp Lc reported 0% in Genesee & Wyoming Inc. (NYSE:GWR). 114,320 are held by Tygh Capital Mngmt. Brown Advisory Incorporated stated it has 22,137 shares. Signaturefd Ltd Liability holds 0% or 30 shares in its portfolio. Moreover, Bancshares Of America De has 0% invested in Genesee & Wyoming Inc. (NYSE:GWR) for 190,975 shares. Fdx Advsr Inc holds 0.01% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR) for 2,856 shares. New York-based J Goldman And Company Limited Partnership has invested 0.5% in Genesee & Wyoming Inc. (NYSE:GWR). Millennium Management Lc has 466,325 shares. 17,625 were reported by Cutter & Co Brokerage Inc. Thomson Horstmann And Bryant holds 0.1% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR) for 10,908 shares. Alpine Woods Capital Limited Liability stated it has 0.13% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR). Northpointe holds 0.72% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR) for 80,714 shares. Blackrock has 5.08 million shares for 0.02% of their portfolio. Highbridge Capital Management Ltd holds 3,553 shares or 0% of its portfolio. Shelton Management invested 0.02% of its portfolio in Genesee & Wyoming Inc. (NYSE:GWR).

Since May 7, 2018, it had 0 insider buys, and 4 sales for $261,080 activity. Fergus Allison M sold $23,400 worth of Genesee & Wyoming Inc. (NYSE:GWR) on Thursday, May 31.

Genesee & Wyoming Inc. (NYSE:GWR) Institutional Positions Chart

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