Contrarius Investment Management LTD Has Upped Position in Range Res (RRC) by $585,844 as Shares Rose; Hanesbrands (HBI) Share Value Declined While Sabal Trust Co Has Trimmed Position

August 12, 2018 - By Lisa Delgado

Hanesbrands Inc. (NYSE:HBI) Logo

Sabal Trust Co decreased its stake in Hanesbrands Inc (HBI) by 97.62% based on its latest 2018Q1 regulatory filing with the SEC. Sabal Trust Co sold 983,240 shares as the company’s stock declined 10.22% with the market. The institutional investor held 23,933 shares of the clothing and shoe and accessory stores company at the end of 2018Q1, valued at $441,000, down from 1.01M at the end of the previous reported quarter. Sabal Trust Co who had been investing in Hanesbrands Inc for a number of months, seems to be less bullish one the $6.71 billion market cap company. The stock decreased 0.85% or $0.16 during the last trading session, reaching $18.62. About 4.95 million shares traded. Hanesbrands Inc. (NYSE:HBI) has declined 10.39% since August 12, 2017 and is downtrending. It has underperformed by 22.96% the S&P500.

Contrarius Investment Management Ltd increased its stake in Range Res Corp (RRC) by 37.97% based on its latest 2018Q1 regulatory filing with the SEC. Contrarius Investment Management Ltd bought 41,846 shares as the company’s stock rose 12.18% while stock markets declined. The institutional investor held 152,051 shares of the oil & gas production company at the end of 2018Q1, valued at $2.21M, up from 110,205 at the end of the previous reported quarter. Contrarius Investment Management Ltd who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.84 billion market cap company. The stock decreased 2.55% or $0.41 during the last trading session, reaching $15.7. About 5.28M shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.11% since August 12, 2017 and is downtrending. It has underperformed by 48.68% the S&P500. Some Historical RRC News: 10/05/2018 – Major Range Resources Investor Lashes Out Over Executive Pay; 14/03/2018 – SILVER RANGE RESOURCES LTD. ANNOUNCES PRIVATE PLACEMENT AND GRANTS OPTIONS; 21/05/2018 – Range Resources at UBS Global Oil & Gas Conference Tomorrow; 23/03/2018 – ProactiveInvstrs: Range Resources: Broker repeats `buy’ recommendation with 200% upside; 09/03/2018 – Range Resources Closes Above 50-Day Moving Average: Technicals; 16/04/2018 – RANGE RESOURCES CORP – MAINTAINS A BORROWING BASE OF $3 BLN WITH $2 BLN IN COMMITMENTS; 29/05/2018 – Range Resources Starts Operations at Indonesia Project; 16/04/2018 – Range Resources: Maintains Borrowing Base of $3B With $2B in Commitments; 24/04/2018 – US OIL & GAS EXPLORATION & PRODUCTION : CREDIT SUISSE SAYS EQT CORP AND RANGE RESOURCES CORP ARE TOP GAS PICKS; 27/04/2018 – RRC of Texas: RRC Enforcement Actions Taken at Commissioners’ April 24 Conference

Among 46 analysts covering Range Resources Corp. (NYSE:RRC), 23 have Buy rating, 3 Sell and 20 Hold. Therefore 50% are positive. Range Resources Corp. had 155 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, November 4, the company rating was upgraded by Citigroup. As per Monday, April 24, the company rating was maintained by Scotia Capital. Barclays Capital initiated Range Resources Corporation (NYSE:RRC) on Wednesday, September 28 with “Underweight” rating. The company was maintained on Thursday, January 25 by RBC Capital Markets. On Friday, August 28 the stock rating was upgraded by Zacks to “Sell”. The stock has “Outperform” rating by RBC Capital Markets on Thursday, November 12. The rating was maintained by Barclays Capital on Thursday, August 3 with “Underweight”. The firm earned “Outperform” rating on Thursday, July 14 by Imperial Capital. The rating was maintained by Citigroup on Friday, July 21 with “Buy”. Goldman Sachs upgraded the shares of RRC in report on Monday, October 31 to “Buy” rating.

Investors sentiment increased to 1.17 in Q1 2018. Its up 0.09, from 1.08 in 2017Q4. It improved, as 52 investors sold RRC shares while 110 reduced holdings. 53 funds opened positions while 136 raised stakes. 257.09 million shares or 11.77% more from 230.02 million shares in 2017Q4 were reported. Fund Management Sa holds 0.04% of its portfolio in Range Resources Corporation (NYSE:RRC) for 431,123 shares. Elk Creek Prtnrs Limited Liability Company invested in 17,402 shares or 0.01% of the stock. Bahamas-based Key Group Inc (Cayman) Limited has invested 7.86% in Range Resources Corporation (NYSE:RRC). Advisory Svcs Networks Ltd Liability Corp invested in 0% or 4,200 shares. Capital Management Associates New York owns 38,100 shares or 0.85% of their US portfolio. 78,738 are held by Gulf International Bancshares (Uk). Hartford Management accumulated 0.01% or 42,687 shares. Oppenheimer Asset stated it has 14,469 shares or 0.01% of all its holdings. Teachers Retirement Of The State Of Kentucky reported 0% of its portfolio in Range Resources Corporation (NYSE:RRC). The Pennsylvania-based Pitcairn has invested 0.06% in Range Resources Corporation (NYSE:RRC). Garrison Bradford And Associates Inc reported 26,200 shares. Texas Permanent School Fund invested in 58,438 shares. Rafferty Asset Limited Liability Company holds 0.03% or 121,861 shares in its portfolio. Sumitomo Mitsui Asset Mngmt holds 0.05% in Range Resources Corporation (NYSE:RRC) or 226,892 shares. State Of New Jersey Common Pension Fund D holds 0.12% or 2.21M shares in its portfolio.

Since June 1, 2018, it had 0 buys, and 3 selling transactions for $244,423 activity. Another trade for 1,434 shares valued at $23,489 was sold by Ginn Dori. $153,773 worth of Range Resources Corporation (NYSE:RRC) shares were sold by VENTURA JEFFREY L.

Contrarius Investment Management Ltd, which manages about $2.10 billion US Long portfolio, decreased its stake in Chipotle Mexican Grill Inc (NYSE:CMG) by 125,046 shares to 17,602 shares, valued at $5.69 million in 2018Q1, according to the filing. It also reduced its holding in Viacom Inc New (NASDAQ:VIAB) by 1.16 million shares in the quarter, leaving it with 3.17 million shares, and cut its stake in Boston Beer Inc (NYSE:SAM).

Another recent and important Range Resources Corporation (NYSE:RRC) news was published by Seekingalpha.com which published an article titled: “Range Resources +3% after strong Q2 earnings beat; eyes pricing strength” on July 30, 2018.

Sabal Trust Co, which manages about $1.05B US Long portfolio, upped its stake in Dominion Energy Inc (NYSE:D) by 324,565 shares to 328,389 shares, valued at $22.14M in 2018Q1, according to the filing. It also increased its holding in Pepsico Inc (NYSE:PEP) by 12,968 shares in the quarter, for a total of 238,385 shares, and has risen its stake in Procter And Gamble Co (NYSE:PG).

More recent Hanesbrands Inc. (NYSE:HBI) news were published by: Benzinga.com which released: “Hanesbrands No Longer A Buy At Barclays” on August 02, 2018. Also Fool.com published the news titled: “Target’s Private-Label Push Hits Hanesbrands” on August 07, 2018. Seekingalpha.com‘s news article titled: “Hanesbrands: I’m Buying The Dip” with publication date: August 03, 2018 was also an interesting one.

Investors sentiment decreased to 0.87 in Q1 2018. Its down 0.24, from 1.11 in 2017Q4. It fall, as 74 investors sold HBI shares while 192 reduced holdings. 60 funds opened positions while 171 raised stakes. 338.62 million shares or 0.25% more from 337.77 million shares in 2017Q4 were reported. North Star Asset Management invested 0.61% in Hanesbrands Inc. (NYSE:HBI). 52,586 are owned by Amalgamated Bank & Trust. Hartford Investment Mgmt Co, Connecticut-based fund reported 127,339 shares. Cullen Frost Bankers owns 12,830 shares for 0.01% of their portfolio. Ubs Asset Mgmt Americas reported 1.34 million shares stake. Telos Cap Incorporated has invested 0.07% in Hanesbrands Inc. (NYSE:HBI). Gotham Asset Mgmt Ltd Llc, New York-based fund reported 984,616 shares. Omers Administration Corporation owns 1.02% invested in Hanesbrands Inc. (NYSE:HBI) for 5.67M shares. Jane Street Grp Ltd Liability Corp holds 42,311 shares or 0% of its portfolio. Winch Advisory Ser Lc holds 0% of its portfolio in Hanesbrands Inc. (NYSE:HBI) for 254 shares. Boyar Asset Mngmt owns 111,203 shares for 1.49% of their portfolio. Wealthtrust Axiom Lc stated it has 147,719 shares. Lpl Limited Liability Corp owns 0% invested in Hanesbrands Inc. (NYSE:HBI) for 91,692 shares. Sun Life Financial has 0% invested in Hanesbrands Inc. (NYSE:HBI). Guggenheim Cap Ltd Company, Illinois-based fund reported 1.84M shares.

Among 21 analysts covering Hanesbrands (NYSE:HBI), 9 have Buy rating, 0 Sell and 12 Hold. Therefore 43% are positive. Hanesbrands had 68 analyst reports since September 17, 2015 according to SRatingsIntel. On Thursday, August 24 the stock rating was maintained by Cowen & Co with “Hold”. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Equal-Weight” rating by Morgan Stanley on Monday, February 27. The stock has “Overweight” rating by Barclays Capital on Thursday, November 2. The rating was maintained by FBR Capital with “Outperform” on Friday, February 3. The stock of Hanesbrands Inc. (NYSE:HBI) earned “Buy” rating by Citigroup on Thursday, August 4. The firm has “Hold” rating given on Wednesday, September 27 by Cowen & Co. The stock of Hanesbrands Inc. (NYSE:HBI) has “Market Perform” rating given on Wednesday, October 25 by Wells Fargo. The stock has “Neutral” rating by Credit Suisse on Thursday, August 2. The rating was initiated by Deutsche Bank on Monday, October 23 with “Buy”. Brean Capital initiated it with “Buy” rating and $3000 target in Monday, July 17 report.

Analysts await Hanesbrands Inc. (NYSE:HBI) to report earnings on November, 7. They expect $0.55 earnings per share, down 8.33% or $0.05 from last year’s $0.6 per share. HBI’s profit will be $198.29M for 8.46 P/E if the $0.55 EPS becomes a reality. After $0.45 actual earnings per share reported by Hanesbrands Inc. for the previous quarter, Wall Street now forecasts 22.22% EPS growth.

Since February 15, 2018, it had 4 insider buys, and 2 sales for $315,171 activity. $538,978 worth of Hanesbrands Inc. (NYSE:HBI) was sold by Faircloth Michael E. on Friday, June 8. $382,418 worth of Hanesbrands Inc. (NYSE:HBI) shares were bought by Hytinen Barry. 51,743 Hanesbrands Inc. (NYSE:HBI) shares with value of $1.07M were sold by Upchurch W Howard Jr. $49,984 worth of stock was bought by ZIEGLER ANN ELIZABETH on Friday, May 18. $553,456 worth of stock was bought by SINGER DAVID V on Thursday, May 17.

Hanesbrands Inc. (NYSE:HBI) Institutional Positions Chart

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