Wedge Capital Management L LP Decreased Its Holding in Nabors Industries LTD (NBR) by $1.89 Million; Edgewater Technology (EDGW) Holder Frontier Investment Mgmt Company Has Boosted Position by $18.27 Million as Stock Value Declined

August 10, 2018 - By Joe Cepeda

Nabors Industries Ltd. (NYSE:NBR) Logo

Frontier Investment Mgmt Company increased its stake in Edgewater Technology Inc (EDGW) by 14.87% based on its latest 2018Q1 regulatory filing with the SEC. Frontier Investment Mgmt Company bought 3,292 shares as the company’s stock declined 14.85% with the market. The institutional investor held 25,432 shares of the technology company at the end of 2018Q1, valued at $141.15M, up from 22,140 at the end of the previous reported quarter. Frontier Investment Mgmt Company who had been investing in Edgewater Technology Inc for a number of months, seems to be bullish on the $73.70M market cap company. It closed at $5.12 lastly. It is down 20.85% since August 10, 2017 and is downtrending. It has underperformed by 33.42% the S&P500. Some Historical EDGW News: 16/03/2018 – ALITHYA GROUP INC – CURRENT CEO OF ALITHYA, PAUL RAYMOND, WILL BECOME CEO OF COMBINED COMPANY; 03/05/2018 – Edgewater Bancorp Reports Earnings for First Quarter 2018; 16/03/2018 – Edgewater Tech: Paul Raymond Will Become New Alithya’s CEO; 27/04/2018 – EDGEWATER TECHNOLOGY INC – PAUL MCNEICE APPOINTED AS CO’S INTERIM CFO EFFECTIVE IMMEDIATELY; 16/03/2018 – ALITHYA GROUP – MATHIEU LUPIEN, ALITHYA’S CURRENT CFO, WILL BECOME NEW ALITHYA’S CFO; 18/04/2018 – Edgewater Networks Announces Momentum Telecom as Cloud2Edge Complete Universal Partner; 25/04/2018 – Edgewater Networks Announces Partnership With Gentek to Serve Canadian Market; 07/05/2018 – Manchester Capital Buys 1.3% Position in Edgewater Technology; 13/03/2018 – lncorta Partners With Global Business Analytics Consulting Firm Edgewater Ranzal; 16/03/2018 – Edgewater Tech: Claude Rousseau New Alithya’s COO, Mathieu Lupien New Alithya’s CFO

Wedge Capital Management L LP decreased its stake in Nabors Industries Ltd. (NBR) by 12.16% based on its latest 2018Q1 regulatory filing with the SEC. Wedge Capital Management L LP sold 314,543 shares as the company’s stock rose 5.20% while stock markets declined. The institutional investor held 2.27M shares of the oil & gas production company at the end of 2018Q1, valued at $15.88M, down from 2.59M at the end of the previous reported quarter. Wedge Capital Management L LP who had been investing in Nabors Industries Ltd. for a number of months, seems to be less bullish one the $2.40 billion market cap company. The stock decreased 1.55% or $0.12 during the last trading session, reaching $7.6. About 5.18M shares traded. Nabors Industries Ltd. (NYSE:NBR) has declined 18.48% since August 10, 2017 and is downtrending. It has underperformed by 31.05% the S&P500. Some Historical NBR News: 10/05/2018 – Nabors Industries Sees Gross Proceeds of $521.3M; 08/05/2018 – Nabors Conference Set By Tudor Pickering & Co for May. 15-16; 01/05/2018 – Nabors 1Q Cont Ops Loss/Shr 46c; 27/03/2018 – ARAMCO, NABORS SIGN CONTRACT FOR ONSHORE DRILLING; 08/05/2018 – NABORS INDUSTRIES LTD NBR.N : CITIGROUP RAISES TARGET PRICE TO $10 FROM $9.5; 22/05/2018 – SMG Industries Inc. Retains FieldView Capital Markets to Lead Investor Relations Program; 22/03/2018 – NABORS INDUSTRIES LTD NBR.N : CITIGROUP RAISES TARGET PRICE TO $9.5 FROM $8.5; 17/05/2018 – Nabors 21.7% Owned by Hedge Funds; 09/05/2018 – Nabors Announces Offerings of Common Shrs and Mandatory Convertible Preferred Shrs; 15/05/2018 – Nabors Presenting at Stephens Energy Executive Summit Tomorrow

Frontier Investment Mgmt Company, which manages about $1.19 billion and $1203.28 billion US Long portfolio, decreased its stake in Sprott Physical Gold Trust (PHYS) by 11,325 shares to 60,535 shares, valued at $650.75 million in 2018Q1, according to the filing. It also reduced its holding in Kinder Morgan Inc by 8,673 shares in the quarter, leaving it with 194,529 shares, and cut its stake in Glaxosmithkline Plc Adrf (NYSE:GSK).

Investors sentiment decreased to 1.57 in Q1 2018. Its down 2.18, from 3.75 in 2017Q4. It turned negative, as 1 investors sold EDGW shares while 6 reduced holdings. 2 funds opened positions while 9 raised stakes. 9.32 million shares or 46.70% less from 17.48 million shares in 2017Q4 were reported. Wells Fargo & Mn holds 0% or 11,599 shares in its portfolio. Blackrock owns 35,253 shares for 0% of their portfolio. Panagora Asset holds 0% of its portfolio in Edgewater Technology, Inc. (NASDAQ:EDGW) for 8,998 shares. 51,545 are owned by California Public Employees Retirement Systems. Earnest Ltd owns 2,400 shares. Gamco Et Al has 0.03% invested in Edgewater Technology, Inc. (NASDAQ:EDGW) for 837,372 shares. Barclays Public Limited Liability Co stated it has 1 shares or 0% of all its holdings. Tower Research Capital Limited Liability Co (Trc) stated it has 1,144 shares. Royal Natl Bank Of Canada owns 24,700 shares. Teton Advsrs has 705,520 shares for 0.37% of their portfolio. Gabelli Funds invested 0.02% in Edgewater Technology, Inc. (NASDAQ:EDGW). Homrich Berg stated it has 0.01% in Edgewater Technology, Inc. (NASDAQ:EDGW). Bridgeway Capital reported 115,622 shares or 0.01% of all its holdings. Manchester Capital Mgmt Limited Liability Corporation holds 0.15% of its portfolio in Edgewater Technology, Inc. (NASDAQ:EDGW) for 173,306 shares. The Texas-based Dimensional Fund Advisors LP has invested 0% in Edgewater Technology, Inc. (NASDAQ:EDGW).

More news for Edgewater Technology, Inc. (NASDAQ:EDGW) were recently published by: Globenewswire.com, which released: “Edgewater Fullscope Recognized as the Winner of the 2018 Microsoft Canada Business Applications Innovation …” on July 26, 2018. Globenewswire.com‘s article titled: “Edgewater Fullscope Achieves the 2018/2019 Inner Circle for Microsoft Business Applications” and published on August 06, 2018 is yet another important article.

Analysts await Nabors Industries Ltd. (NYSE:NBR) to report earnings on October, 23. They expect $-0.17 earnings per share, up 59.52% or $0.25 from last year’s $-0.42 per share. After $-0.39 actual earnings per share reported by Nabors Industries Ltd. for the previous quarter, Wall Street now forecasts -56.41% EPS growth.

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 29 have Buy rating, 0 Sell and 5 Hold. Therefore 85% are positive. Nabors Industries Ltd. had 116 analyst reports since August 6, 2015 according to SRatingsIntel. The rating was upgraded by Howard Weil to “Sector Outperform” on Monday, March 28. Citigroup maintained Nabors Industries Ltd. (NYSE:NBR) on Friday, March 18 with “Buy” rating. The firm earned “Buy” rating on Friday, December 11 by Citigroup. Citigroup maintained the stock with “Buy” rating in Thursday, October 5 report. The firm has “Buy” rating by RBC Capital Markets given on Thursday, July 20. Seaport Global downgraded the shares of NBR in report on Wednesday, June 21 to “Neutral” rating. RBC Capital Markets maintained it with “Buy” rating and $12.0 target in Thursday, October 5 report. Credit Suisse downgraded Nabors Industries Ltd. (NYSE:NBR) rating on Wednesday, June 1. Credit Suisse has “Neutral” rating and $9 target. As per Wednesday, October 5, the company rating was maintained by Citigroup. On Thursday, March 23 the stock rating was maintained by Jefferies with “Hold”.

Investors sentiment decreased to 0.9 in 2018 Q1. Its down 0.46, from 1.36 in 2017Q4. It turned negative, as 43 investors sold NBR shares while 81 reduced holdings. 38 funds opened positions while 73 raised stakes. 295.18 million shares or 11.47% more from 264.81 million shares in 2017Q4 were reported. Nomura Hldgs holds 0% or 209,489 shares in its portfolio. Opportunities Mngmt Limited Liability Com reported 227,117 shares stake. Tiaa Cref Mgmt Lc reported 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Federated Investors Incorporated Pa has invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Woodstock holds 24,929 shares or 0.03% of its portfolio. Great West Life Assurance Can reported 0% stake. 5,937 were reported by Regions. Balyasny Asset owns 0.43% invested in Nabors Industries Ltd. (NYSE:NBR) for 14.79M shares. Zurcher Kantonalbank (Zurich Cantonalbank) stated it has 48,067 shares or 0% of all its holdings. Riverhead Capital Management Ltd Liability Corp owns 26,297 shares. Van Eck Associate Corporation invested in 0.58% or 16.82 million shares. Glenmede Trust Na owns 1,488 shares for 0% of their portfolio. Natixis accumulated 0% or 10,909 shares. Fmr Ltd has 24.25 million shares for 0.02% of their portfolio. Aperio Gp Limited Liability Com holds 0.01% or 353,550 shares in its portfolio.

Edgewater Technology, Inc. (NASDAQ:EDGW) Institutional Positions Chart

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