Ensco Plc (ESV) Holder Greenlight Capital INC Has Lifted Its Stake by $41.20 Million

June 17, 2018 - By Marie Mckinney

Ensco plc (NYSE:ESV) LogoInvestors sentiment decreased to 1.03 in 2018 Q1. Its down 0.45, from 1.48 in 2017Q4. It dropped, as 30 investors sold ESV shares while 87 reduced holdings. 34 funds opened positions while 87 raised stakes. 398.89 million shares or 3.74% more from 384.52 million shares in 2017Q4 were reported. Comerica Bancshares holds 0.02% or 367,103 shares in its portfolio. Mraz Amerine And Assoc stated it has 0.08% in Ensco plc (NYSE:ESV). Woodstock holds 0.02% or 24,604 shares. Stifel Fincl, Missouri-based fund reported 83,634 shares. Convergence Prtnrs Limited holds 0% or 784 shares in its portfolio. Hexavest Inc invested in 0% or 13,821 shares. Scotia Cap Inc holds 0% or 21,789 shares in its portfolio. Ameritas Invest Prtn reported 0.04% of its portfolio in Ensco plc (NYSE:ESV). First Manhattan Communications accumulated 397,480 shares. New Mexico Educational Retirement Board reported 120,200 shares. Van Eck holds 10.03 million shares. Texas Permanent School Fund stated it has 288,649 shares or 0.02% of all its holdings. Sheffield Asset Mgmt has invested 2.22% in Ensco plc (NYSE:ESV). Marshall Wace Llp holds 0.71% or 3.89 million shares in its portfolio. Brown Brothers Harriman & holds 3,480 shares.

David Einhorn increased its stake in Ensco Plc (ESV) by 106.19% based on its latest 2018Q1 regulatory filing with the SEC. Greenlight Capital Inc bought 10.30M shares as the company’s stock rose 22.69% while stock markets declined. The hedge fund run by David Einhorn held 20.00 million shares of the oil & gas production company at the end of 2018Q1, valued at $87.80M, up from 9.70M at the end of the previous reported quarter. Greenlight Capital Inc who had been investing in Ensco Plc for a number of months, seems to be bullish on the $2.56 billion market cap company. The stock decreased 7.00% or $0.44 during the last trading session, reaching $5.85. About 26.59 million shares traded or 96.40% up from the average. Ensco plc (NYSE:ESV) has declined 6.04% since June 17, 2017 and is downtrending. It has underperformed by 18.61% the S&P500.

Greenlight Capital Inc, which manages about $11.41 billion and $3.99 billion US Long portfolio, decreased its stake in Twitter Inc (NYSE:TWTR) by 280,000 shares to 2.51M shares, valued at $72.67M in 2018Q1, according to the filing. It also reduced its holding in Mylan N V (NASDAQ:MYL) by 2.53 million shares in the quarter, leaving it with 7.65 million shares, and cut its stake in Apple Inc (NASDAQ:AAPL).

Another recent and important Ensco plc (NYSE:ESV) news was published by Seekingalpha.com which published an article titled: “Offshore Shipping Market Update” on June 12, 2018.

Ensco plc (NYSE:ESV) Ratings Coverage

Among 8 analysts covering Ensco Plc (NYSE:ESV), 1 have Buy rating, 0 Sell and 7 Hold. Therefore 13% are positive. Ensco Plc has $7.0 highest and $5.0 lowest target. $5.72’s average target is -2.22% below currents $5.85 stock price. Ensco Plc had 12 analyst reports since January 4, 2018 according to SRatingsIntel. The firm has “Hold” rating given on Thursday, March 15 by Cowen & Co. The stock of Ensco plc (NYSE:ESV) earned “Neutral” rating by PiperJaffray on Thursday, January 11. Susquehanna maintained Ensco plc (NYSE:ESV) rating on Friday, January 12. Susquehanna has “Hold” rating and $7.0 target. The firm has “Hold” rating by Susquehanna given on Friday, April 13. Cowen & Co maintained Ensco plc (NYSE:ESV) on Thursday, January 11 with “Hold” rating. The stock of Ensco plc (NYSE:ESV) earned “Market Perform” rating by Wells Fargo on Wednesday, February 28. As per Tuesday, January 23, the company rating was downgraded by Credit Suisse. The company was maintained on Wednesday, February 28 by Susquehanna. The firm earned “Outperform” rating on Friday, April 13 by Credit Suisse. Jefferies maintained Ensco plc (NYSE:ESV) on Thursday, January 4 with “Hold” rating.

Ensco plc (NYSE:ESV) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.