Kinross Gold (KGC) Holder Quaker Capital Investments Increased Holding by $480,000 as Stock Rose; As Patterson Uti Energy (PTEN) Shares Declined, Penn Capital Management Co Has Lifted by $404,560 Its Stake

Kinross Gold Corporation (NYSE:KGC) Logo

Penn Capital Management Co Inc increased its stake in Patterson Uti Energy Inc (PTEN) by 10.11% based on its latest 2018Q4 regulatory filing with the SEC. Penn Capital Management Co Inc bought 40,456 shares as the company’s stock declined 7.65% while stock markets rallied. The hedge fund held 440,593 shares of the energy company at the end of 2018Q4, valued at $4.78 million, up from 400,137 at the end of the previous reported quarter. Penn Capital Management Co Inc who had been investing in Patterson Uti Energy Inc for a number of months, seems to be bullish on the $2.77B market cap company. The stock decreased 3.35% or $0.45 during the last trading session, reaching $12.97. About 3.10M shares traded. Patterson-UTI Energy, Inc. (NASDAQ:PTEN) has declined 25.34% since March 6, 2018 and is downtrending. It has underperformed by 29.71% the S&P500. Some Historical PTEN News: 02/04/2018 – PATTERSON-UTI ENERGY REPORTS $600M CREDIT PACT; 26/04/2018 – Patterson-UTI 1Q Rev $809.2M; 03/04/2018 – Patterson-UTI Energy Announces Appointment of Janeen S. Judah to Bd of Directors; 26/04/2018 – PATTERSON-UTI ENERGY INC PTEN.O – BOARD HAS APPROVED AN INCREASE IN QUARTERLY DIVIDEND TO $0.04 FROM $0.02; 13/04/2018 – Patterson-UTI Energy CEO’s 2017 total compensation more than doubles; 04/04/2018 – PATTERSON-UTI HAD AVG OF 172 DRILLING RIGS OPERATING IN MARCH; 03/04/2018 – PATTERSON-UTI ENERGY INC – WITH JUDAH’S APPOINTMENT, PATTERSON-UTI BOARD HAS BEEN EXPANDED TO EIGHT MEMBERS; 26/04/2018 – Patterson-UTI 1Q Loss/Shr 16c; 22/05/2018 – Patterson-UTI Forms Golden Cross: Technicals; 04/04/2018 – PTEN: AVG 169 DRILLING RIGS OPERATING IN 3 MOS. ENDED MARCH 31

Quaker Capital Investments Llc increased its stake in Kinross Gold Corp (KGC) by 6.52% based on its latest 2018Q4 regulatory filing with the SEC. Quaker Capital Investments Llc bought 160,000 shares as the company’s stock rose 19.56% with the market. The institutional investor held 2.61M shares of the precious metals company at the end of 2018Q4, valued at $8.47M, up from 2.45 million at the end of the previous reported quarter. Quaker Capital Investments Llc who had been investing in Kinross Gold Corp for a number of months, seems to be bullish on the $3.93 billion market cap company. The stock decreased 2.46% or $0.08 during the last trading session, reaching $3.17. About 8.36M shares traded. Kinross Gold Corporation (NYSE:KGC) has declined 11.48% since March 6, 2018 and is downtrending. It has underperformed by 15.85% the S&P500. Some Historical KGC News: 15/03/2018 Kinross adopts new shareholder rights plan; 26/03/2018 – SEC: SETTLEMENT W/ KINROSS GOLD; 09/05/2018 – Kinross announces Annual Shareholder Meeting voting results; 09/04/2018 – KINROSS GOLD-MINING OPERATIONS IN RUSSIA CONTINUE TO OPERATE ACCORDING TO PLAN AND REMAIN UNAFFECTED BY NEW SANCTIONS ANNOUNCED BY US ON APRIL 6, 2018; 16/05/2018 – KINROSS RECEIVED `SOMEWHAT BENIGN’ REQUEST FROM MAURITANIA; 16/05/2018 – KINROSS COULD SEEK INT. ARBITRATION IF MAURITANIA CHANGES RULES; 09/05/2018 – Kinross Reels as Two More African Nations Seek Mining Payoffs; 26/03/2018 – Kinross Gold settles Foreign Corrupt Practices Act charges -SEC; 16/05/2018 – KINROSS: MAURITANIA COULD SEEK SOME KIND OF ADVANCED ROYALTY; 15/03/2018 – KINROSS GOLD CORP – SETS TRIGGER AT 20 PCT

Penn Capital Management Co Inc, which manages about $7.64B and $1.01B US Long portfolio, decreased its stake in Berry Plastics Group Inc (NYSE:BERY) by 2,117 shares to 14,450 shares, valued at $2.06 million in 2018Q4, according to the filing. It also reduced its holding in Scripps E W Co Ohio (NYSE:SSP) by 79,716 shares in the quarter, leaving it with 647,981 shares, and cut its stake in Gray Television Inc (NYSE:GTN).

Investors sentiment increased to 0.97 in 2018 Q4. Its up 0.04, from 0.93 in 2018Q3. It improved, as 31 investors sold PTEN shares while 94 reduced holdings. 44 funds opened positions while 77 raised stakes. 200.75 million shares or 0.70% more from 199.36 million shares in 2018Q3 were reported. Wealthtrust, a Alabama-based fund reported 376 shares. First Hawaiian Bankshares owns 2,857 shares for 0% of their portfolio. California Pub Employees Retirement Sys owns 351,581 shares. Zeke Advsrs Ltd Liability stated it has 36,919 shares or 0.04% of all its holdings. Bluecrest Cap Management Ltd holds 12,389 shares. Meeder Asset Management accumulated 6,706 shares. Mason Street Advsrs Limited Company stated it has 113,882 shares. 14,580 are held by First Mercantile Trust Communication. Brown Brothers Harriman And invested 0% of its portfolio in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Utah Retirement holds 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN) or 40,573 shares. Ranger Inv Mngmt Limited Partnership holds 0% or 2,600 shares. Goldman Sachs Inc has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Sterling Mgmt Limited Liability has invested 0.01% in Patterson-UTI Energy, Inc. (NASDAQ:PTEN). Deutsche Bancshares Ag holds 0% or 242,896 shares in its portfolio. 15,699 were accumulated by Stevens Capital Mngmt Lp.

More notable recent Patterson-UTI Energy, Inc. (NASDAQ:PTEN) news were published by: Benzinga.com which released: “Credit Suisse, Seaport Upgrade Patterson-UTI (NASDAQ:PTEN) After Stock Decline – Benzinga” on July 29, 2018, also Nasdaq.com with their article: “Energy Sector Update for 02/11/2019: NGL, EGY, PTEN, XOM, CVX, COP, SLB, OXY – Nasdaq” published on February 11, 2019, Prnewswire.com published: “Patterson-UTI Reports Drilling Activity for February 2019 – PRNewswire” on March 05, 2019. More interesting news about Patterson-UTI Energy, Inc. (NASDAQ:PTEN) were released by: Globenewswire.com and their article: “Market Trends Toward New Normal in Canada Goose, Patterson-UTI Energy, Amerco, Hubbell, Coherent, and QUANTENNA COMMS — Emerging Consolidated Expectations, Analyst Ratings – GlobeNewswire” published on February 28, 2019 as well as Nasdaq.com‘s news article titled: “Patterson-UTI (PTEN) Reports Q4 Loss, Lags Revenue Estimates – Nasdaq” with publication date: February 07, 2019.

Quaker Capital Investments Llc, which manages about $239.23 million US Long portfolio, decreased its stake in Verizon Communications Inc (NYSE:VZ) by 18,000 shares to 5,446 shares, valued at $306,000 in 2018Q4, according to the filing.

Patterson-UTI Energy, Inc. (NASDAQ:PTEN) Institutional Positions Chart

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