Holder Ci Global Investments Has Raised Canadian Nat Res LTD (CNQ) Stake; Goodnow Investment Group Has Increased Its Stake in Sinclair Broadcast Group (SBGI) by $9.87 Million as Market Valuation Declined

February 24, 2018 - By Marie Mckinney

Ci Global Investments Inc increased its stake in Canadian Nat Res Ltd (CNQ) by 56.92% based on its latest 2017Q3 regulatory filing with the SEC. Ci Global Investments Inc bought 374,550 shares as the company’s stock rose 3.36% with the market. The institutional investor held 1.03 million shares of the oil & gas production company at the end of 2017Q3, valued at $34.58 million, up from 657,975 at the end of the previous reported quarter. Ci Global Investments Inc who had been investing in Canadian Nat Res Ltd for a number of months, seems to be bullish on the $39.25B market cap company. The stock increased 2.00% or $0.63 during the last trading session, reaching $32.15. About 1.88 million shares traded. Canadian Natural Resources Limited (NYSE:CNQ) has risen 10.32% since February 24, 2017 and is uptrending. It has underperformed by 6.38% the S&P500.

Edward Goodnow increased its stake in Sinclair Broadcast Group Inc (SBGI) by 34.7% based on its latest 2017Q3 regulatory filing with the SEC. Goodnow Investment Group Llc bought 308,450 shares as the company’s stock declined 9.32% while stock markets rallied. The hedge fund run by Edward Goodnow held 1.20M shares of the consumer services company at the end of 2017Q3, valued at $38.38 million, up from 888,995 at the end of the previous reported quarter. Goodnow Investment Group Llc who had been investing in Sinclair Broadcast Group Inc for a number of months, seems to be bullish on the $3.70B market cap company. The stock increased 2.25% or $0.8 during the last trading session, reaching $36.4. About 1.02M shares traded. Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) has risen 12.28% since February 24, 2017 and is uptrending. It has underperformed by 4.42% the S&P500.

Ci Global Investments Inc, which manages about $9.58B and $4.99B US Long portfolio, decreased its stake in Chubb Limited by 446,840 shares to 322,496 shares, valued at $45.97 million in 2017Q3, according to the filing. It also reduced its holding in Priceline Grp Inc (NASDAQ:PCLN) by 271 shares in the quarter, leaving it with 223 shares, and cut its stake in Avis Budget Group (NASDAQ:CAR).

Among 14 analysts covering Canadian Natural Resources Limited (NYSE:CNQ), 10 have Buy rating, 0 Sell and 4 Hold. Therefore 71% are positive. Canadian Natural Resources Limited had 31 analyst reports since July 21, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Friday, July 21 by Citigroup. The firm has “Sector Outperform” rating given on Friday, August 7 by Scotia Capital. The rating was initiated by Wells Fargo with “Outperform” on Friday, December 16. RBC Capital Markets maintained the stock with “Buy” rating in Thursday, June 16 report. The rating was upgraded by Macquarie Research on Friday, August 5 to “Outperform”. The rating was upgraded by Raymond James to “Outperform” on Wednesday, September 9. The firm earned “Outperform” rating on Friday, November 6 by RBC Capital Markets. JP Morgan maintained the shares of CNQ in report on Tuesday, December 15 with “Neutral” rating. On Friday, August 19 the stock rating was initiated by Bank of America with “Buy”. The rating was maintained by Goldman Sachs on Thursday, June 22 with “Buy”.

Investors sentiment decreased to 1.23 in 2017 Q3. Its down 0.35, from 1.58 in 2017Q2. It turned negative, as 39 investors sold SBGI shares while 58 reduced holdings. 41 funds opened positions while 78 raised stakes. 83.23 million shares or 3.94% more from 80.08 million shares in 2017Q2 were reported. Pinnacle Associates Ltd accumulated 1.48 million shares. Alliancebernstein Lp holds 111,161 shares or 0% of its portfolio. Matarin Mgmt Limited Liability Company invested 0.15% of its portfolio in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Goldman Sachs Gp has invested 0% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI). Cambridge Advisors owns 9,757 shares. Gamco Et Al holds 0.05% or 238,750 shares in its portfolio. Bnp Paribas Arbitrage holds 0.01% or 119,069 shares in its portfolio. Denver Invest Advsrs Ltd Liability owns 776,574 shares. Us Bancorporation De holds 0% or 36,707 shares in its portfolio. Aqr Capital Mgmt Ltd Liability accumulated 64,629 shares or 0% of the stock. Nomura holds 0.01% in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) or 113,661 shares. Her Majesty The Queen In Right Of The Province Of Alberta As Represented By Alberta Invest Mgmt has 0.01% invested in Sinclair Broadcast Group, Inc. (NASDAQ:SBGI) for 26,909 shares. Peak6 Investments LP accumulated 164,017 shares or 0.03% of the stock. 167,764 were reported by Panagora Asset Incorporated. Glenmede Trust Na owns 1.33 million shares.

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