Ensco Plc (ESV) Holder Empyrean Capital Partners LP Has Lowered Its Holding by $7.20 Million

March 14, 2018 - By Louis Casey

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.02, from 1.01 in 2017Q2. It dived, as 48 investors sold ESV shares while 86 reduced holdings. 48 funds opened positions while 84 raised stakes. 328.54 million shares or 9.34% more from 300.48 million shares in 2017Q2 were reported. Robeco Institutional Asset Mgmt Bv reported 786,446 shares. Swiss Bank holds 0% in Ensco plc (NYSE:ESV) or 11,638 shares. Susquehanna Group Inc Ltd Liability Partnership has 0% invested in Ensco plc (NYSE:ESV). Los Angeles Cap Mngmt Equity has 725,751 shares for 0.02% of their portfolio. World Asset Mngmt has 26,708 shares. Luminus Mgmt Limited Liability stated it has 13.84 million shares or 2.19% of all its holdings. Live Your Vision Ltd Llc stated it has 1,000 shares. Adage Capital Prtn Gp Limited Liability Company holds 0.09% or 6.12 million shares in its portfolio. Strs Ohio reported 460,000 shares. The Wisconsin-based Northwestern Mutual Wealth Com has invested 0% in Ensco plc (NYSE:ESV). Virtu Financial Ltd reported 476,272 shares stake. Polar Llp, United Kingdom-based fund reported 106,438 shares. Blackrock holds 0.01% or 33.19M shares. Millennium Llc invested in 0.07% or 7.94 million shares. 6,417 were accumulated by Ledyard Natl Bank.

Michael A. Price decreased its stake in Ensco Plc (ESV) by 45% based on its latest 2017Q3 regulatory filing with the SEC. Empyrean Capital Partners Lp sold 1.44 million shares as the company’s stock declined 27.69% while stock markets rallied. The hedge fund run by Michael A. Price held 1.76M shares of the oil & gas production company at the end of 2017Q3, valued at $10.51 million, down from 3.20 million at the end of the previous reported quarter. Empyrean Capital Partners Lp who had been investing in Ensco Plc for a number of months, seems to be less bullish one the $2.08 billion market cap company. The stock decreased 0.62% or $0.03 during the last trading session, reaching $4.78. About 6.61M shares traded. Ensco plc (NYSE:ESV) has declined 23.23% since March 14, 2017 and is downtrending. It has underperformed by 39.93% the S&P500.

Empyrean Capital Partners Lp, which manages about $4.52B and $2.60B US Long portfolio, upped its stake in Blackstone Mtg Tr Inc (Prn) by 10.33 million shares to 14.08 million shares, valued at $14.20M in 2017Q3, according to the filing. It also increased its holding in Seritage Growth Pptys by 322,675 shares in the quarter, for a total of 1.80M shares, and has risen its stake in Dell Technologies Inc.

Analysts await Ensco plc (NYSE:ESV) to report earnings on April, 25. They expect $-0.24 EPS, down 500.00 % or $0.20 from last year’s $-0.04 per share. After $-0.23 actual EPS reported by Ensco plc for the previous quarter, Wall Street now forecasts 4.35 % negative EPS growth.

More notable recent Ensco plc (NYSE:ESV) news were published by: Seekingalpha.com which released: “Ensco: Q4 2017 Results Analysis” on March 06, 2018, also Seekingalpha.com with their article: “Why Is Ensco So Volatile?” published on March 05, 2018, Seekingalpha.com published: “Ensco: Interest Perks Up” on February 28, 2018. More interesting news about Ensco plc (NYSE:ESV) were released by: Seekingalpha.com and their article: “Ensco Fleet Status Report Brings Plenty Of Contracts” published on February 21, 2018 as well as Seekingalpha.com‘s news article titled: “Is Ensco Heading To New Lows?” with publication date: March 01, 2018.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 35 analysts covering Ensco Plc (NYSE:ESV), 11 have Buy rating, 5 Sell and 19 Hold. Therefore 31% are positive. Ensco Plc had 84 analyst reports since August 3, 2015 according to SRatingsIntel. The stock of Ensco plc (NYSE:ESV) earned “Hold” rating by Citigroup on Friday, January 29. The stock of Ensco plc (NYSE:ESV) has “Hold” rating given on Tuesday, April 19 by DNB Markets. On Wednesday, January 11 the stock rating was upgraded by Citigroup to “Buy”. Jefferies maintained the stock with “Hold” rating in Friday, October 27 report. Susquehanna maintained the stock with “Hold” rating in Friday, January 12 report. The stock of Ensco plc (NYSE:ESV) earned “Neutral” rating by Citigroup on Thursday, August 25. The stock of Ensco plc (NYSE:ESV) has “Negative” rating given on Monday, March 28 by Susquehanna. Jefferies maintained the shares of ESV in report on Wednesday, September 28 with “Hold” rating. The rating was maintained by BMO Capital Markets on Friday, July 28 with “Market Perform”. The rating was upgraded by Morgan Stanley to “Equal-Weight” on Friday, April 15.

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