Holt Capital Advisors Dba Holt Capital Partners LP Increases Holding in Range Res (RRC); Hsbc Hldgs Plc (HSBC) Valuation Declined While Main Street Research Has Boosted Stake by $918,850

December 8, 2017 - By Max Morgan

Main Street Research Llc increased its stake in Hsbc Hldgs Plc (HSBC) by 9.76% based on its latest 2017Q2 regulatory filing with the SEC. Main Street Research Llc bought 19,975 shares as the company’s stock declined 1.28% while stock markets rallied. The institutional investor held 224,647 shares of the savings institutions company at the end of 2017Q2, valued at $10.42 million, up from 204,672 at the end of the previous reported quarter. Main Street Research Llc who had been investing in Hsbc Hldgs Plc for a number of months, seems to be bullish on the $189.53B market cap company. The stock increased 0.56% or $0.27 during the last trading session, reaching $48.82. About 1.20M shares traded or 6.41% up from the average. HSBC Holdings plc (NYSE:HSBC) has risen 38.28% since December 8, 2016 and is uptrending. It has outperformed by 21.58% the S&P500.

Holt Capital Advisors Llc Dba Holt Capital Partners Lp increased its stake in Range Res Corp (RRC) by 170.93% based on its latest 2017Q2 regulatory filing with the SEC. Holt Capital Advisors Llc Dba Holt Capital Partners Lp bought 15,025 shares as the company’s stock declined 18.29% while stock markets rallied. The institutional investor held 23,815 shares of the oil & gas production company at the end of 2017Q2, valued at $552,000, up from 8,790 at the end of the previous reported quarter. Holt Capital Advisors Llc Dba Holt Capital Partners Lp who had been investing in Range Res Corp for a number of months, seems to be bullish on the $3.90B market cap company. The stock decreased 3.33% or $0.55 during the last trading session, reaching $15.95. About 9.54M shares traded or 41.80% up from the average. Range Resources Corporation (NYSE:RRC) has declined 36.05% since December 8, 2016 and is downtrending. It has underperformed by 52.75% the S&P500.

More news for Range Resources Corporation (NYSE:RRC) were recently published by: Nasdaq.com, which released: “Kitzinger Lautmann Capital Management Inc Buys The Kroger Co, Range Resources …” on November 17, 2017. Seekingalpha.com‘s article titled: “Can Range Resources’ 100 Trillion Cubic Feet Of Natural Gas Keep Your …” and published on November 29, 2017 is yet another important article.

Among 38 analysts covering Range Resources Corp. (NYSE:RRC), 26 have Buy rating, 1 Sell and 11 Hold. Therefore 68% are positive. Range Resources Corp. has $65 highest and $18 lowest target. $39.54’s average target is 147.90% above currents $15.95 stock price. Range Resources Corp. had 124 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating by Goldman Sachs given on Monday, October 31. As per Monday, November 13, the company rating was maintained by Citigroup. RBC Capital Markets maintained Range Resources Corporation (NYSE:RRC) on Thursday, July 20 with “Buy” rating. On Tuesday, August 8 the stock rating was maintained by Stifel Nicolaus with “Buy”. Barclays Capital maintained it with “Sell” rating and $26 target in Friday, April 21 report. The stock of Range Resources Corporation (NYSE:RRC) earned “Overweight” rating by PiperJaffray on Monday, September 18. The stock of Range Resources Corporation (NYSE:RRC) earned “Sector Perform” rating by Howard Weil on Monday, December 14. BMO Capital Markets downgraded Range Resources Corporation (NYSE:RRC) on Friday, July 29 to “Market Perform” rating. Nomura downgraded Range Resources Corporation (NYSE:RRC) rating on Wednesday, June 8. Nomura has “Neutral” rating and $45 target. The stock has “Neutral” rating by JP Morgan on Wednesday, December 9.

Investors sentiment decreased to 1.35 in Q2 2017. Its down 0.01, from 1.36 in 2017Q1. It worsened, as 59 investors sold RRC shares while 108 reduced holdings. 45 funds opened positions while 180 raised stakes. 230.61 million shares or 4.36% more from 220.97 million shares in 2017Q1 were reported. Tortoise Capital Limited Liability Corp accumulated 368,941 shares. Deutsche Savings Bank Ag, Germany-based fund reported 1.12 million shares. Talara Cap Ltd Liability reported 721,845 shares. Century has 0.01% invested in Range Resources Corporation (NYSE:RRC). Commonwealth National Bank Of Australia has 0% invested in Range Resources Corporation (NYSE:RRC). First Advisors Limited Partnership has 443,896 shares. 160,164 were accumulated by Voya Investment Limited Liability Corporation. Macquarie Grp Inc owns 1,900 shares. Farmers And Merchants Investments holds 0% or 98 shares in its portfolio. Texas Permanent School Fund reported 52,871 shares. D E Shaw And has 117,589 shares for 0% of their portfolio. Wellington Shields Capital Management Limited Liability Co holds 19,502 shares. Kentucky Retirement has invested 0.02% in Range Resources Corporation (NYSE:RRC). 24,070 were reported by Thrivent Fin For Lutherans. Thomas White Intll Limited holds 0.22% or 54,689 shares.

Since June 9, 2017, it had 1 buy, and 0 sales for $91,832 activity. On Friday, June 9 Farquharson Alan W sold $13,369 worth of Range Resources Corporation (NYSE:RRC) or 577 shares. 7,200 shares valued at $166,824 were sold by Walker Ray N JR on Friday, June 9.

Main Street Research Llc, which manages about $503.46 million and $612.16 million US Long portfolio, decreased its stake in Bard C R Inc (NYSE:BCR) by 1,540 shares to 44,441 shares, valued at $14.05M in 2017Q2, according to the filing. It also reduced its holding in Amgen Inc (NASDAQ:AMGN) by 3,269 shares in the quarter, leaving it with 65,199 shares, and cut its stake in Procter & Gamble Co. (NYSE:PG).

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