As Zions Bancorporation (ZION) Market Valuation Declined, Tcw Group Has Increased Position by $1.35 Million; Price Michael F Stake in Helmerich & Payne (HP) Boosted as Stock Price Declined

February 15, 2018 - By Darrin Black

Tcw Group Inc increased its stake in Zions Bancorporation (ZION) by 0.98% based on its latest 2017Q3 regulatory filing with the SEC. Tcw Group Inc bought 28,685 shares as the company’s stock declined 10.19% while stock markets rallied. The institutional investor held 2.95 million shares of the major banks company at the end of 2017Q3, valued at $139.35M, up from 2.92 million at the end of the previous reported quarter. Tcw Group Inc who had been investing in Zions Bancorporation for a number of months, seems to be bullish on the $10.78B market cap company. The stock increased 0.07% or $0.04 during the last trading session, reaching $54.55. About 1.23 million shares traded. Zions Bancorporation (NASDAQ:ZION) has risen 48.85% since February 15, 2017 and is uptrending. It has outperformed by 32.15% the S&P500.

Michael Price increased its stake in Helmerich & Payne Inc. (HP) by 21.21% based on its latest 2017Q3 regulatory filing with the SEC. Price Michael F bought 17,500 shares as the company’s stock declined 12.04% while stock markets rallied. The hedge fund run by Michael Price held 100,000 shares of the energy company at the end of 2017Q3, valued at $5.21 million, up from 82,500 at the end of the previous reported quarter. Price Michael F who had been investing in Helmerich & Payne Inc. for a number of months, seems to be bullish on the $7.08B market cap company. The stock decreased 1.69% or $1.12 during the last trading session, reaching $65. About 1.17 million shares traded. Helmerich & Payne, Inc. (NYSE:HP) has risen 4.51% since February 15, 2017 and is uptrending. It has underperformed by 12.19% the S&P500.

Investors sentiment decreased to 1.05 in Q3 2017. Its down 0.04, from 1.09 in 2017Q2. It turned negative, as 45 investors sold ZION shares while 132 reduced holdings. 54 funds opened positions while 131 raised stakes. 181.27 million shares or 1.35% less from 183.76 million shares in 2017Q2 were reported. 3.15M are owned by Balyasny Asset Ltd Liability Corp. Hightower Limited Liability has invested 0.07% of its portfolio in Zions Bancorporation (NASDAQ:ZION). Voya Invest Mgmt Ltd Liability Corporation has 0.01% invested in Zions Bancorporation (NASDAQ:ZION) for 108,942 shares. Moreover, State Board Of Administration Of Florida Retirement has 0.04% invested in Zions Bancorporation (NASDAQ:ZION) for 308,774 shares. Palisades Hudson Asset Management Lp accumulated 6,118 shares or 0.16% of the stock. 287,673 are held by Clarivest Asset Mgmt Limited Com. Orrstown Financial Svcs Inc stated it has 100 shares or 0.01% of all its holdings. Panagora Asset Mngmt holds 880,438 shares or 0.16% of its portfolio. Sheets Smith Wealth Mngmt holds 0.37% or 30,774 shares in its portfolio. Twin Cap holds 0.31% in Zions Bancorporation (NASDAQ:ZION) or 125,680 shares. Wetherby Asset Management holds 0.03% of its portfolio in Zions Bancorporation (NASDAQ:ZION) for 4,299 shares. Virtus Inv Advisers has invested 0.05% in Zions Bancorporation (NASDAQ:ZION). Prudential Fincl Inc holds 280,185 shares. 31,603 are owned by Qs Ltd Liability Company. Whittier Trust reported 408 shares stake.

Tcw Group Inc, which manages about $12.58B US Long portfolio, decreased its stake in Tenneco Inc (NYSE:TEN) by 5,737 shares to 36,603 shares, valued at $2.22M in 2017Q3, according to the filing. It also reduced its holding in Dana Incorporated (NYSE:DAN) by 242,595 shares in the quarter, leaving it with 3.94 million shares, and cut its stake in Kinder Morgan Inc Del (NYSE:KMI).

Among 30 analysts covering Zions Bancorporation (NASDAQ:ZION), 16 have Buy rating, 1 Sell and 13 Hold. Therefore 53% are positive. Zions Bancorporation had 121 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Zions Bancorporation (NASDAQ:ZION) has “Mkt Perform” rating given on Friday, December 2 by FBR Capital. The firm has “Buy” rating given on Monday, January 8 by SunTrust. The stock has “Buy” rating by RBC Capital Markets on Tuesday, October 24. On Tuesday, October 24 the stock rating was maintained by Barclays Capital with “Overweight”. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Tuesday, October 3. Bernstein maintained Zions Bancorporation (NASDAQ:ZION) on Tuesday, April 26 with “Outperform” rating. Credit Suisse maintained it with “Outperform” rating and $32 target in Tuesday, August 16 report. On Tuesday, January 26 the stock rating was maintained by UBS with “Sell”. Susquehanna maintained Zions Bancorporation (NASDAQ:ZION) rating on Thursday, January 4. Susquehanna has “Hold” rating and $53.0 target. The stock has “Underperform” rating by Robert W. Baird on Monday, August 7.

Since August 14, 2017, it had 0 insider buys, and 3 selling transactions for $1.22 million activity. Schreiber Edward had sold 13,000 shares worth $584,717 on Monday, August 14. LAURSEN THOMAS E had sold 1,250 shares worth $67,844. 15,000 shares were sold by Young Mark Richard, worth $764,781 on Friday, December 8. On Wednesday, January 31 the insider Hume Alexander sold $387,649.

Price Michael F, which manages about $722.19 million US Long portfolio, decreased its stake in Dolby Laboratories Inc. (NYSE:DLB) by 100,700 shares to 848,255 shares, valued at $48.79M in 2017Q3, according to the filing. It also reduced its holding in Donnelley Financial Solutions Inc. by 55,000 shares in the quarter, leaving it with 125,000 shares, and cut its stake in Kaiser Aluminum Corp. (NASDAQ:KALU).

Among 36 analysts covering Helmerich & Payne (NYSE:HP), 9 have Buy rating, 8 Sell and 19 Hold. Therefore 25% are positive. Helmerich & Payne had 131 analyst reports since August 3, 2015 according to SRatingsIntel. Credit Suisse maintained Helmerich & Payne, Inc. (NYSE:HP) rating on Friday, March 31. Credit Suisse has “Sell” rating and $63 target. The company was maintained on Tuesday, September 15 by UBS. RBC Capital Markets maintained the shares of HP in report on Monday, May 29 with “Hold” rating. The rating was maintained by Seaport Global with “Sell” on Monday, February 12. The firm has “Sector Perform” rating given on Friday, September 18 by RBC Capital Markets. The firm earned “Sell” rating on Tuesday, September 5 by BMO Capital Markets. The rating was downgraded by Macquarie Research on Friday, January 8 to “Underperform”. The stock of Helmerich & Payne, Inc. (NYSE:HP) earned “Sector Perform” rating by Scotia Capital on Tuesday, May 3. BMO Capital Markets maintained Helmerich & Payne, Inc. (NYSE:HP) on Wednesday, October 11 with “Sell” rating. On Friday, March 3 the stock rating was upgraded by Bernstein to “Outperform”.

Investors sentiment increased to 0.96 in 2017 Q3. Its up 0.03, from 0.93 in 2017Q2. It is positive, as 37 investors sold HP shares while 154 reduced holdings. 50 funds opened positions while 133 raised stakes. 112.20 million shares or 3.56% less from 116.34 million shares in 2017Q2 were reported. Central Natl Bank & Tru has 13,865 shares for 0.18% of their portfolio. New Mexico Educational Retirement Board holds 0.03% or 10,412 shares. Peoples Corp accumulated 57 shares or 0% of the stock. Cue Financial Gru Incorporated has 0.25% invested in Helmerich & Payne, Inc. (NYSE:HP) for 6,801 shares. Arizona State Retirement System holds 0.02% or 26,900 shares. Brown Advisory Inc invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). 71,240 are owned by Goodman Finance Corp. Guggenheim has 844,536 shares for 0.1% of their portfolio. Commonwealth National Bank Of Australia has invested 0.01% in Helmerich & Payne, Inc. (NYSE:HP). Amer Research & Mngmt holds 0.42% or 24,980 shares. Northern Tru Corp holds 1.38M shares or 0.02% of its portfolio. Old Republic Corporation has 0.98% invested in Helmerich & Payne, Inc. (NYSE:HP). Silvercrest Asset Mngmt Gru Limited reported 4,600 shares or 0% of all its holdings. Sumitomo Mitsui Tru Hldg owns 0.02% invested in Helmerich & Payne, Inc. (NYSE:HP) for 300,164 shares. Grace And White Ny reported 205,895 shares or 2.23% of all its holdings.

Since December 15, 2017, it had 0 buys, and 2 selling transactions for $441,985 activity.

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