Credit Suisse Ag Increased Nabors Industries Ltd (NYSE:NBR) Stake by $13.43 Million

March 15, 2018 - By Michael Collier

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.08, from 1.09 in 2017Q2. It turned negative, as 45 investors sold NBR shares while 87 reduced holdings. 42 funds opened positions while 91 raised stakes. 274.98 million shares or 2.16% more from 269.17 million shares in 2017Q2 were reported. Tci Wealth Advsr holds 0% or 1,011 shares in its portfolio. Federated Investors Pa stated it has 0.01% in Nabors Industries Ltd. (NYSE:NBR). Thompson Davis & has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Two Sigma Secs Ltd Liability Company has invested 0.02% in Nabors Industries Ltd. (NYSE:NBR). Grp Inc One Trading L P has 0.02% invested in Nabors Industries Ltd. (NYSE:NBR) for 286,817 shares. Ameritas Investment Ptnrs invested 0.03% in Nabors Industries Ltd. (NYSE:NBR). Hap Trading Limited Company owns 0.02% invested in Nabors Industries Ltd. (NYSE:NBR) for 44,361 shares. Nomura Holdings reported 353,527 shares. Victory Capital Management holds 4.68 million shares. Thrivent Financial For Lutherans holds 61,390 shares. Deprince Race And Zollo Inc accumulated 0.31% or 1.73M shares. Cwm Limited Liability stated it has 0% in Nabors Industries Ltd. (NYSE:NBR). Advsr Asset Mgmt owns 48,056 shares. Canada Pension Plan Inv Board holds 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 365,853 shares. Carlson Capital L P accumulated 93,400 shares.

Credit Suisse Ag increased its stake in Nabors Industries Ltd (NYSE:NBR) by 648.82% based on its latest 2017Q4 regulatory filing with the SEC. Credit Suisse Ag bought 2.24M shares as the company’s stock declined 31.29% while stock markets rallied. The institutional investor held 2.58 million shares of the oil & gas production company at the end of 2017Q4, valued at $17.64M, up from 345,000 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Nabors Industries Ltd for a number of months, seems to be bullish on the $2.24 billion market cap company. The stock decreased 0.14% or $0.01 during the last trading session, reaching $7.11. About 4.64M shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since March 15, 2017 and is uptrending. It has outperformed by 15.96% the S&P500.

Credit Suisse Ag, which manages about $41.97 billion and $112.01 billion US Long portfolio, decreased its stake in Vanguard Intl Equity Index F (VGK) by 224,134 shares to 1.38 million shares, valued at $81.53M in 2017Q4, according to the filing. It also reduced its holding in Mgm Resorts International (NYSE:MGM) by 837,935 shares in the quarter, leaving it with 817,665 shares, and cut its stake in Mgm Resorts International (Put) (NYSE:MGM).

Credit Suisse Ag is a Switzerland-based institutional investor with more than $41.97 billion AUM in December, 2014. Credit Suisse Ag is the 32th largest institutional investor in our database. Taken from Credit Suisse latest Adv, the fund reported to have 300 full and part-time employees. Among which 160 performing investment advisory and research functions. The institutional investor had more than 500 clients.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Nabors Industries Ltd. has $22 highest and $7.0 lowest target. $10.79’s average target is 51.76% above currents $7.11 stock price. Nabors Industries Ltd. had 109 analyst reports since August 6, 2015 according to SRatingsIntel. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Hold” rating given on Thursday, July 13 by Jefferies. Credit Suisse upgraded the shares of NBR in report on Monday, December 21 to “Outperform” rating. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Buy” rating by GMP Securities on Wednesday, April 27. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Equal-Weight” rating given on Monday, August 7 by Morgan Stanley. The rating was maintained by Credit Suisse with “Buy” on Friday, March 31. As per Thursday, July 20, the company rating was maintained by RBC Capital Markets. Seaport Global maintained Nabors Industries Ltd. (NYSE:NBR) on Wednesday, January 17 with “Buy” rating. Citigroup reinitiated the stock with “Buy” rating in Wednesday, May 10 report. The rating was upgraded by Raymond James to “Strong Buy” on Wednesday, April 27. The stock of Nabors Industries Ltd. (NYSE:NBR) earned “Buy” rating by Deutsche Bank on Monday, November 2.

Nabors Industries Ltd. provides drilling and rig services. The company has market cap of $2.24 billion. The firm offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and It provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to gas and oil exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rigÂ’s real-time performance and offers daily reporting for drilling operations; and DRILLSMART software that allows the drilling system to adapt to operating parameters and drilling conditions. It currently has negative earnings. The firm also provides measurement while drilling systems and services; makes and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment; and offers well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, data collection, and other support services.

More important recent Nabors Industries Ltd. (NYSE:NBR) news were published by: which released: “Nabors Industries Ltd. (NBR) Ex-Dividend Date Scheduled for March 12, 2018” on March 09, 2018, also published article titled: “Earnings Reaction History: Nabors Industries Ltd., 75.0% Follow-Through …”, published: “Nabors (NBR) Q4 Loss Wider than Expected, Revenues Beat” on March 06, 2018. More interesting news about Nabors Industries Ltd. (NYSE:NBR) was released by: and their article: “Nabors Industries (NBR) Q4 2017 Results – Earnings Call Transcript” with publication date: February 28, 2018.

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