Silchester International Investors Llp Has Increased Holding in Schlumberger LTD (SLB) by $512,550 as Stock Price Declined; Cree (CREE) Shares Declined While Clearbridge Investments Lowered Its Position

September 14, 2018 - By Mike Johnson

Schlumberger Limited (NYSE:SLB) Logo

Clearbridge Investments Llc decreased its stake in Cree Inc (CREE) by 7.12% based on its latest 2018Q2 regulatory filing with the SEC. Clearbridge Investments Llc sold 820,082 shares as the company’s stock declined 13.41% while stock markets rallied. The institutional investor held 10.70M shares of the technology company at the end of 2018Q2, valued at $444.62M, down from 11.52 million at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Cree Inc for a number of months, seems to be less bullish one the $4.25B market cap company. The stock decreased 0.26% or $0.11 during the last trading session, reaching $42.17. About 35,301 shares traded. Cree, Inc. (NASDAQ:CREE) has risen 75.24% since September 14, 2017 and is uptrending. It has outperformed by 59.62% the S&P500. Some Historical CREE News: 15/04/2018 – SHENZHEN CLICK TECHNOLOGY SAYS IT WILL TAKE NECESSARY LEGAL MEASURES IN ORDER TO PROTECT LEGAL RIGHTS OF THE COMPANY AND ITS SHAREHOLDERS; 24/04/2018 – Cree Targets 4Q EPS 34c-38c; 15/04/2018 – SHENZHEN CLICK TECHNOLOGY 002782.SZ SAYS IT RECEIVES ARBITRATION NOTICE FROM THE INTERNATIONAL CHAMBER OF COMMERCE (ICC); 06/03/2018 – CREE BUYS INFINEON RF POWER OPS FOR ABT EU345M; 16/05/2018 – DEEP ECO: Cree May Benefit, Industry Posts 28th Straight Gain; 08/05/2018 – Cree Brings Highest Reliability to Broadest Family of Metal COB LED Designs; 06/03/2018 – CREE INC – DEAL IS TARGETED TO BE ACCRETIVE TO NON-GAAP EARNINGS PER SHARE IN ITS FIRST FULL QUARTER OF OPERATIONS; 10/04/2018 – Dallas ISD: Parent Conference: Believe in Abilities! / Conferencia de Padres: ¬°Cree en las Capacidades!; 17/05/2018 – LED HPS Replacement Canopy Lights: HPS Color Temperature with CREE LED Technology Now Available from Access Fixtures; 06/03/2018 Cree Acquires Infineon RF Power Business

Silchester International Investors Llp increased its stake in Schlumberger Ltd (SLB) by 16.08% based on its latest 2018Q2 regulatory filing with the SEC. Silchester International Investors Llp bought 7,650 shares as the company’s stock declined 10.52% while stock markets rallied. The institutional investor held 55,225 shares of the oilfield services and equipment company at the end of 2018Q2, valued at $3.70M, up from 47,575 at the end of the previous reported quarter. Silchester International Investors Llp who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $84.61B market cap company. The stock increased 0.18% or $0.11 during the last trading session, reaching $61.13. About 238,239 shares traded. Schlumberger Limited (NYSE:SLB) has declined 8.44% since September 14, 2017 and is downtrending. It has underperformed by 24.06% the S&P500.

Silchester International Investors Llp, which manages about $36.50 billion and $1.84B US Long portfolio, decreased its stake in Vale S A (NYSE:VALE) by 3.54M shares to 18.47M shares, valued at $236.74M in 2018Q2, according to the filing.

Investors sentiment decreased to 0.96 in Q2 2018. Its down 0.24, from 1.2 in 2018Q1. It dived, as 56 investors sold SLB shares while 536 reduced holdings. 108 funds opened positions while 461 raised stakes. 1.04 billion shares or 0.66% less from 1.04 billion shares in 2018Q1 were reported. Kbc Group Nv accumulated 349,661 shares. Dekabank Deutsche Girozentrale holds 0.38% of its portfolio in Schlumberger Limited (NYSE:SLB) for 871,547 shares. Hourglass Cap Limited Liability Corporation accumulated 2.59% or 154,339 shares. Essex Financial Svcs stated it has 0.32% of its portfolio in Schlumberger Limited (NYSE:SLB). The Massachusetts-based Baystate Wealth Llc has invested 0.02% in Schlumberger Limited (NYSE:SLB). Ghp Advisors Incorporated accumulated 12,972 shares. Sun Life Financial owns 0.26% invested in Schlumberger Limited (NYSE:SLB) for 26,716 shares. Eagle Asset Mngmt has invested 0.01% in Schlumberger Limited (NYSE:SLB). Conestoga Capital Advsr Ltd Limited Liability Company owns 0.01% invested in Schlumberger Limited (NYSE:SLB) for 3,215 shares. South State Corporation owns 110,562 shares or 0.83% of their US portfolio. Nikko Asset Americas owns 392,930 shares. Deprince Race And Zollo Inc owns 0.69% invested in Schlumberger Limited (NYSE:SLB) for 442,432 shares. Paloma Prns Co holds 45,760 shares or 0.06% of its portfolio. Gabelli Funds Ltd Llc holds 539,826 shares. Meag Munich Ergo Kapitalanlagegesellschaft Mbh, Germany-based fund reported 111,998 shares.

Among 40 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 7 Hold. Therefore 80% are positive. Schlumberger Limited. had 155 analyst reports since July 22, 2015 according to SRatingsIntel. Argus Research maintained Schlumberger Limited (NYSE:SLB) rating on Tuesday, October 20. Argus Research has “Buy” rating and $92 target. BMO Capital Markets maintained Schlumberger Limited (NYSE:SLB) on Friday, September 4 with “Outperform” rating. The stock has “Equal Weight” rating by Barclays Capital on Monday, January 25. BMO Capital Markets maintained the shares of SLB in report on Tuesday, September 5 with “Buy” rating. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Friday, April 13 by Cowen & Co. SunTrust upgraded the shares of SLB in report on Friday, April 21 to “Buy” rating. The company was initiated on Friday, March 24 by Tudor Pickering. As per Wednesday, January 18, the company rating was initiated by SunTrust. The stock has “Buy” rating by KLR Group on Monday, December 14. On Tuesday, January 16 the stock rating was maintained by RBC Capital Markets with “Buy”.

More news for Schlumberger Limited (NYSE:SLB) were recently published by: Seekingalpha.com, which released: “Schlumberger: Silly Cheap” on September 06, 2018. Seekingalpha.com‘s article titled: “General Electric Is A Wait And Watch Story – Cramer’s Lightning Round (9/13/18)” and published on September 14, 2018 is yet another important article.

Since March 26, 2018, it had 4 insider buys, and 1 sale for $1.43 million activity. On Monday, March 26 the insider Schorn Patrick bought $323,950. KIBSGAARD PAAL had bought 10,000 shares worth $646,800 on Monday, March 26. MARKS MICHAEL E bought $482,480 worth of stock. $192,900 worth of Schlumberger Limited (NYSE:SLB) was bought by Al Mogharbel Khaled on Wednesday, March 28.

Investors sentiment increased to 1.05 in 2018 Q2. Its up 0.16, from 0.89 in 2018Q1. It increased, as 27 investors sold CREE shares while 76 reduced holdings. 32 funds opened positions while 76 raised stakes. 101.76 million shares or 0.16% less from 101.92 million shares in 2018Q1 were reported. The Texas-based Fruth Invest Mngmt has invested 0.22% in Cree, Inc. (NASDAQ:CREE). State Street invested in 3.45M shares. Asset Mgmt Inc reported 4,959 shares. Amundi Pioneer Asset Mgmt, Massachusetts-based fund reported 73,991 shares. Lpl Fincl Lc owns 35,818 shares. Hanseatic Management Services Inc accumulated 9,301 shares. 74,948 were accumulated by Ubs Asset Mgmt Americas Incorporated. Schroder Grp Inc reported 62,880 shares. Etrade Cap Management Ltd Co owns 5,295 shares. Aperio Gru Ltd Liability reported 39,770 shares. Aqr Management Limited holds 0% or 27,822 shares. Parkside National Bank And reported 128 shares stake. D L Carlson Group Inc Inc owns 197,385 shares or 2.51% of their US portfolio. Vanguard holds 9.21 million shares. Bnp Paribas Asset Mgmt Holding Sa has invested 0.02% in Cree, Inc. (NASDAQ:CREE).

Clearbridge Investments Llc, which manages about $122.16 billion US Long portfolio, upped its stake in Insulet Corp (NASDAQ:PODD) by 47,608 shares to 1.73 million shares, valued at $148.05M in 2018Q2, according to the filing. It also increased its holding in Schwab Charles Corp New (NYSE:SCHW) by 196,366 shares in the quarter, for a total of 9.52M shares, and has risen its stake in Charter Communications Inc N.

Since April 26, 2018, it had 0 buys, and 2 sales for $1.31 million activity. Another trade for 7,000 shares valued at $275,541 was sold by McDevitt Michael E.

Analysts await Cree, Inc. (NASDAQ:CREE) to report earnings on October, 16. They expect $0.03 earnings per share, up 175.00% or $0.07 from last year’s $-0.04 per share. CREE’s profit will be $3.02M for 351.42 P/E if the $0.03 EPS becomes a reality. After $0.04 actual earnings per share reported by Cree, Inc. for the previous quarter, Wall Street now forecasts -25.00% negative EPS growth.

More important recent Cree, Inc. (NASDAQ:CREE) news were published by: Seekingalpha.com which released: “Cree prices $500M senior note offering” on August 22, 2018, also Seekingalpha.com published article titled: “Cree Inc. – Ready To Explore New Heights”, Nasdaq.com published: “Detailed Research: Economic Perspectives on Hub Group, Coty, Cree, Nelnet, SeaWorld Entertainment, and Cowen …” on August 31, 2018. More interesting news about Cree, Inc. (NASDAQ:CREE) was released by: Bizjournals.com and their article: “Cree CEO on electric vehicle opportunity: ‘Let’s run with it'” with publication date: August 24, 2018.

Schlumberger Limited (NYSE:SLB) Institutional Positions Chart

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