As Aetna (AET) Shares Rose, Focused Investors Lowered Its Position; Gran Tierra Energy (GTE) Shareholder Amber Capital Management LP Has Trimmed Position

December 8, 2017 - By Peter Erickson

Focused Investors Llc decreased its stake in Aetna Inc. (AET) by 19.41% based on its latest 2017Q2 regulatory filing with the SEC. Focused Investors Llc sold 167,600 shares as the company’s stock rose 12.84% with the market. The institutional investor held 696,000 shares of the medical specialities company at the end of 2017Q2, valued at $105.67 million, down from 863,600 at the end of the previous reported quarter. Focused Investors Llc who had been investing in Aetna Inc. for a number of months, seems to be less bullish one the $58.33B market cap company. The stock decreased 0.04% or $0.07 during the last trading session, reaching $178.83. About 4.49M shares traded or 53.53% up from the average. Aetna Inc. (NYSE:AET) has risen 28.84% since December 8, 2016 and is uptrending. It has outperformed by 12.14% the S&P500.

Joseph Oughourlian decreased its stake in Gran Tierra Energy Inc (GTE) by 14.54% based on its latest 2017Q2 regulatory filing with the SEC. Amber Capital Management Lp sold 1.94M shares as the company’s stock declined 6.20% while stock markets rallied. The hedge fund run by Joseph Oughourlian held 11.42M shares of the oil & gas production company at the end of 2017Q2, valued at $25.58M, down from 13.36M 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 $845.45M market cap company. The stock increased 0.94% or $0.02 during the last trading session, reaching $2.15. About 673,772 shares traded. Gran Tierra Energy Inc. (NYSEMKT:GTE) has declined 7.89% since December 8, 2016 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 $19.66 million for 10.75 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.

More notable recent Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) news were published by: Seekingalpha.com which released: “Gran Tierra: Implications Of Its Q2 2017 Results” on August 17, 2017, also Seekingalpha.com with their article: “Gran Tierra Energy – Undervalued And Growing Small Oil Company” published on August 07, 2017, Marketwired.com published: “Gran Tierra Energy Inc. Announces Second Quarter 2017 Results Highlighted by …” on August 04, 2017. More interesting news about Gran Tierra Energy Inc. (NYSEAMERICAN:GTE) were released by: Globenewswire.com and their article: “Gran Tierra Appoints New Director” published on September 19, 2017 as well as Globenewswire.com‘s news article titled: “Gran Tierra Announces Release Date for its 2017 Third Quarter Results …” with publication date: October 26, 2017.

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. Citigroup downgraded the stock to “Neutral” rating in Monday, December 14 report. The firm has “Outperform” rating given on Friday, February 10 by Credit Suisse. Citigroup upgraded the stock to “Buy” rating in Friday, November 4 report. The rating was upgraded by Goldman Sachs to “Neutral” on Friday, September 11. On Friday, January 29 the stock rating was maintained by RBC Capital Markets with “Outperform”. The firm has “Top Pick” rating by RBC Capital Markets given on Monday, June 20.

More notable recent Aetna Inc. (NYSE:AET) news were published by: Bloomberg.com which released: “CVS’s Aetna Takeover Comes With a $2.1 Billion Termination Fee” on December 05, 2017, also Bloomberg.com with their article: “UnitedHealth’s Splish Beats CVS-Aetna’s Splash” published on December 06, 2017, Businesswire.com published: “AM Best Places Credit Ratings of Aetna Inc. and Its Insurance Subsidiaries …” on December 06, 2017. More interesting news about Aetna Inc. (NYSE:AET) were released by: Courant.com and their article: “Report: Buyout Of Aetna Inc. Could Come This Month” published on November 20, 2017 as well as Businesswire.com‘s news article titled: “AETNA INC. SHAREHOLDER ALERT: Rigrodsky & Long, PA Announces Investigation of …” with publication date: December 04, 2017.

Analysts await Aetna Inc. (NYSE:AET) to report earnings on January, 30. They expect $1.23 EPS, down 24.54% or $0.40 from last year’s $1.63 per share. AET’s profit will be $401.19M for 36.35 P/E if the $1.23 EPS becomes a reality. After $2.45 actual EPS reported by Aetna Inc. for the previous quarter, Wall Street now forecasts -49.80% negative EPS growth.

Among 23 analysts covering Aetna (NYSE:AET), 9 have Buy rating, 0 Sell and 14 Hold. Therefore 39% are positive. Aetna has $205.0 highest and $12 lowest target. $169.67’s average target is -5.12% below currents $178.83 stock price. Aetna had 61 analyst reports since July 30, 2015 according to SRatingsIntel. The company was maintained on Monday, May 15 by Cantor Fitzgerald. The rating was maintained by Sterne Agee CRT on Tuesday, August 4 with “Buy”. The firm has “Buy” rating by Stifel Nicolaus given on Tuesday, May 16. The rating was upgraded by Bank of America to “Buy” on Thursday, July 30. The rating was maintained by Wedbush on Tuesday, February 2 with “Neutral”. The firm earned “Hold” rating on Friday, November 3 by Credit Suisse. The stock of Aetna Inc. (NYSE:AET) earned “Hold” rating by Argus Research on Wednesday, December 6. Cowen & Co maintained Aetna Inc. (NYSE:AET) on Friday, May 26 with “Buy” rating. As per Tuesday, September 5, the company rating was maintained by Jefferies. Oppenheimer maintained Aetna Inc. (NYSE:AET) on Wednesday, August 5 with “Hold” rating.

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