As Kosmos Energy LTD (KOS) Market Valuation Rose, Shareholder Sailingstone Capital Partners Increased Stake; Coe Capital Management Has Cut Its Ringcentral (RNG) Position by $628,735

January 14, 2018 - By Dolores Ford

Mark Coe decreased its stake in Ringcentral Inc (RNG) by 42.23% based on its latest 2017Q3 regulatory filing with the SEC. Coe Capital Management Llc sold 15,335 shares as the company’s stock rose 34.13% with the market. The hedge fund run by Mark Coe held 20,980 shares of the technology company at the end of 2017Q3, valued at $876,000, down from 36,315 at the end of the previous reported quarter. Coe Capital Management Llc who had been investing in Ringcentral Inc for a number of months, seems to be less bullish one the $4.05 billion market cap company. The stock increased 1.45% or $0.75 during the last trading session, reaching $52.35. About 546,320 shares traded or 16.82% up from the average. RingCentral, Inc. (NYSE:RNG) has risen 80.85% since January 14, 2017 and is uptrending. It has outperformed by 64.15% the S&P500.

Sailingstone Capital Partners Llc increased its stake in Kosmos Energy Ltd (KOS) by 0.34% based on its latest 2017Q3 regulatory filing with the SEC. Sailingstone Capital Partners Llc bought 88,994 shares as the company’s stock rose 28.43% with the market. The institutional investor held 26.26M shares of the oil & gas production company at the end of 2017Q3, valued at $209.03M, up from 26.17M at the end of the previous reported quarter. Sailingstone Capital Partners Llc who had been investing in Kosmos Energy Ltd for a number of months, seems to be bullish on the $2.72 billion market cap company. The stock increased 1.75% or $0.12 during the last trading session, reaching $6.98. About 2.15M shares traded. Kosmos Energy Ltd. (NYSE:KOS) has risen 49.41% since January 14, 2017 and is uptrending. It has outperformed by 32.71% the S&P500.

Among 17 analysts covering RingCentral (NYSE:RNG), 14 have Buy rating, 0 Sell and 3 Hold. Therefore 82% are positive. RingCentral had 50 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Overweight” rating given on Tuesday, April 11 by Morgan Stanley. Robert W. Baird downgraded the stock to “Neutral” rating in Thursday, August 10 report. On Friday, October 6 the stock rating was maintained by Jefferies with “Buy”. J.P. Morgan downgraded RingCentral, Inc. (NYSE:RNG) rating on Tuesday, December 12. J.P. Morgan has “Hold” rating and $52.0 target. As per Tuesday, October 6, the company rating was initiated by RBC Capital Markets. The rating was maintained by Jefferies on Thursday, August 4 with “Buy”. The firm has “Outperform” rating given on Wednesday, December 2 by RBC Capital Markets. The company was maintained on Friday, May 26 by Jefferies. The firm has “Buy” rating given on Thursday, July 13 by Oppenheimer. The stock has “Buy” rating by Craig Hallum on Thursday, November 9.

Since August 16, 2017, it had 0 insider buys, and 22 sales for $18.39 million activity. 7,800 shares were sold by Sipes David, worth $328,458 on Wednesday, September 13. Another trade for 48,666 shares valued at $2.29M was sold by Shmunis Vladimir. Dhruv Mitesh had sold 3,000 shares worth $143,550 on Tuesday, December 19. 10,000 shares were sold by Shah Praful, worth $433,200 on Thursday, October 5. Another trade for 22,000 shares valued at $869,000 was made by Williams R Neil on Wednesday, August 16.

Investors sentiment decreased to 0.99 in 2017 Q3. Its down 0.32, from 1.31 in 2017Q2. It is negative, as 18 investors sold RNG shares while 62 reduced holdings. 26 funds opened positions while 53 raised stakes. 55.54 million shares or 2.55% more from 54.16 million shares in 2017Q2 were reported. Blair William Il accumulated 11,200 shares or 0% of the stock. Metropolitan Life Comm Ny has 0.01% invested in RingCentral, Inc. (NYSE:RNG) for 41,453 shares. Advisory Research Inc reported 0.04% stake. Voya Invest Mngmt Ltd Liability Com stated it has 0.01% in RingCentral, Inc. (NYSE:RNG). Prudential Incorporated holds 7,230 shares. Whale Rock Capital Mngmt Ltd Limited Liability Company holds 1.00 million shares. Alliancebernstein LP reported 1.08M shares stake. 103,086 were reported by Timpani Capital Mngmt Ltd Liability Corporation. Amalgamated Retail Bank, New York-based fund reported 7,957 shares. Commercial Bank Of Montreal Can invested in 0% or 478 shares. Jefferies Group Incorporated Limited Liability Co invested in 13 shares. Credit Suisse Ag owns 67,460 shares or 0% of their US portfolio. Bankshares Of New York Mellon has invested 0% in RingCentral, Inc. (NYSE:RNG). Pnc Financial Grp Incorporated invested in 57,740 shares. Capital World reported 0.07% stake.

Analysts await RingCentral, Inc. (NYSE:RNG) to report earnings on February, 12. They expect $-0.08 earnings per share, 0.00% or $0.00 from last year’s $-0.08 per share. After $-0.07 actual earnings per share reported by RingCentral, Inc. for the previous quarter, Wall Street now forecasts 14.29% negative EPS growth.

Investors sentiment decreased to 1.29 in 2017 Q3. Its down 0.76, from 2.05 in 2017Q2. It dropped, as 12 investors sold KOS shares while 37 reduced holdings. 17 funds opened positions while 46 raised stakes. 401.77 million shares or 0.82% less from 405.09 million shares in 2017Q2 were reported. Voya Management Limited Liability Co, a Georgia-based fund reported 64,473 shares. Geode Capital Lc has 0.01% invested in Kosmos Energy Ltd. (NYSE:KOS) for 1.88M shares. Northern Tru Corp holds 0% or 1.09M shares in its portfolio. Bnp Paribas Arbitrage Sa, New York-based fund reported 33,038 shares. Group One Trading Ltd Partnership holds 1,636 shares or 0% of its portfolio. Sailingstone Capital Ptnrs Ltd Co holds 26.26M shares or 5.6% of its portfolio. Deutsche Natl Bank Ag invested in 0.02% or 2.90M shares. National Bank & Trust Of Montreal Can reported 665,779 shares. Millennium Mgmt Limited Liability Co, New York-based fund reported 413,770 shares. 8,338 are owned by Glob X Mgmt Comm Ltd Limited Liability Company. Qs Investors Limited Liability Company accumulated 22,800 shares. Illinois-based Magnetar Fincl Ltd Com has invested 0.03% in Kosmos Energy Ltd. (NYSE:KOS). Genesis Asset Managers Limited Liability Partnership holds 3.04% or 10.92M shares. Guggenheim Capital Ltd Liability Corp has invested 0% in Kosmos Energy Ltd. (NYSE:KOS). Renaissance Technology Ltd Com reported 444,638 shares.

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