Shareholder Harvest Capital Strategies Has Increased Ascena Retail Group (ASNA) Position; Encompass Capital Advisors … – BZ Weekly



January 14, 2018 – By Peter Erickson

Harvest Capital Strategies Llc increased its stake in Ascena Retail Group Inc (ASNA) by 494.41% based on its latest 2017Q3 regulatory filing with the SEC. Harvest Capital Strategies Llc bought 9.90 million shares as the company’s stock declined 59.69% while stock markets rallied. The institutional investor held 11.90M shares of the consumer services company at the end of 2017Q3, valued at $29.16M, up from 2.00M at the end of the previous reported quarter. Harvest Capital Strategies Llc who had been investing in Ascena Retail Group Inc for a number of months, seems to be bullish on the $399.92 million market cap company. The stock increased 1.95% or $0.04 during the last trading session, reaching $2.09. About 2.91M shares traded or 14.38% up from the average. Ascena Retail Group, Inc. (NASDAQ:ASNA) has declined 70.94% since January 14, 2017 and is downtrending. It has underperformed by 87.64% the S&P500.

Todd J. Kantor increased its stake in Ring Energy Inc (REI) by 24.35% based on its latest 2017Q3 regulatory filing with the SEC. Encompass Capital Advisors Llc bought 519,180 shares as the company’s stock rose 10.65% with the market. The hedge fund run by Todd J. Kantor held 2.65M shares of the energy company at the end of 2017Q3, valued at $38.42 million, up from 2.13 million at the end of the previous reported quarter. Encompass Capital Advisors Llc who had been investing in Ring Energy Inc for a number of months, seems to be bullish on the $848.69M market cap company. The stock increased 2.35% or $0.36 during the last trading session, reaching $15.67. About 512,889 shares traded or 42.78% up from the average. Ring Energy, Inc. (NYSEMKT:REI) has risen 83.06% since January 14, 2017 and is uptrending. It has outperformed by 66.36% the S&P500.

Encompass Capital Advisors Llc, which manages about $1.18B and $614.38M US Long portfolio, decreased its stake in Laredo Petroleum Inc (NYSE:LPI) by 4.02M shares to 3.31 million shares, valued at $42.80 million in 2017Q3, according to the filing. It also reduced its holding in Patterson Uti Energy Inc (NASDAQ:PTEN) by 403,712 shares in the quarter, leaving it with 275,000 shares, and cut its stake in Cimarex Energy Co (NYSE:XEC).

Among 8 analysts covering Ring Energy Inc (NYSEMKT:REI), 7 have Buy rating, 0 Sell and 1 Hold. Therefore 88% are positive. Ring Energy Inc had 10 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Ring Energy, Inc. (NYSEAMERICAN:REI) earned “Buy” rating by Rodman & Renshaw on Monday, August 29. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, October 20. The firm has “Mkt Perform” rating given on Wednesday, January 6 by FBR Capital. Northland Capital maintained the shares of REI in report on Tuesday, July 28 with “Outperform” rating. The rating was initiated by KLR Group with “Buy” on Thursday, December 21. The firm has “Buy” rating given on Thursday, May 12 by Wunderlich. Wunderlich maintained Ring Energy, Inc. (NYSEAMERICAN:REI) on Wednesday, November 11 with “Buy” rating.

Since September 29, 2017, it had 0 insider buys, and 1 sale for $2,174 activity.

Harvest Capital Strategies Llc, which manages about $1.58B and $523.53M US Long portfolio, decreased its stake in Western Digital Corp (Call) (NASDAQ:WDC) by 200,000 shares to 100,000 shares, valued at $8.64M in 2017Q3, according to the filing. It also reduced its holding in Green Plains Inc (NASDAQ:GPRE) by 295,000 shares in the quarter, leaving it with 245,000 shares, and cut its stake in Stamps Com Inc (NASDAQ:STMP).



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