Schlumberger LTD (SLB) Stock Value Rose While Meridian Management Co Increased by $620,544 Its Stake; Foundry Partners Lowered Stake in Itron (ITRI) by $1.97 Million as Stock Value Declined

June 23, 2018 - By Winifred Garcia

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Foundry Partners Llc decreased its stake in Itron Inc (ITRI) by 13.48% based on its latest 2018Q1 regulatory filing with the SEC. Foundry Partners Llc sold 27,761 shares as the company’s stock declined 16.12% with the market. The institutional investor held 178,180 shares of the capital goods company at the end of 2018Q1, valued at $12.75 million, down from 205,941 at the end of the previous reported quarter. Foundry Partners Llc who had been investing in Itron Inc for a number of months, seems to be less bullish one the $2.33B market cap company. The stock decreased 0.92% or $0.55 during the last trading session, reaching $59.45. About 271,900 shares traded. Itron, Inc. (NASDAQ:ITRI) has declined 12.13% since June 23, 2017 and is downtrending. It has underperformed by 24.70% the S&P500. Some Historical ITRI News: 05/04/2018 – ltron to Modernize Water Infrastructure in Arkansas with Smart Meter Migration; 14/05/2018 – ITRON INC – BOOKINGS IN QUARTER TOTALED $557 MLN; 14/05/2018 – Itron 1Q Loss $145.7M; 11/05/2018 – Itron Confirms First Quarter 2018 Results to be Released on May 14, 2018; 05/04/2018 – Itron to Modernize Water Infrastructure in Arkansas with Smart Meter Migration; 11/05/2018 – ITRON INC SAYS ANTICIPATED THAT THE QUARTERLY REPORT ON FORM 10-Q WILL BE FILED ON OR BEFORE MAY 15; 14/05/2018 – Itron 1Q Adj EPS 13c; 08/03/2018 Florida Power & Light Expands Work with Itron with Gen5 Network Upgrade; 04/04/2018 – NorthWestern Energy Signs Contract with Itron to Modernize Energy Grid; 15/05/2018 – Itron to Monitor Electric System in New Zealand

Meridian Management Co increased its stake in Schlumberger Ltd (SLB) by 48.66% based on its latest 2018Q1 regulatory filing with the SEC. Meridian Management Co bought 9,696 shares as the company’s stock rose 2.80% while stock markets declined. The institutional investor held 29,620 shares of the oilfield services and equipment company at the end of 2018Q1, valued at $1.92 million, up from 19,924 at the end of the previous reported quarter. Meridian Management Co who had been investing in Schlumberger Ltd for a number of months, seems to be bullish on the $92.22B market cap company. The stock increased 2.76% or $1.79 during the last trading session, reaching $66.58. About 11.22 million shares traded or 53.05% up from the average. Schlumberger Limited (NYSE:SLB) has declined 1.14% since June 23, 2017 and is downtrending. It has underperformed by 13.71% the S&P500.

Foundry Partners Llc, which manages about $1.13 billion and $2.35 billion US Long portfolio, upped its stake in Idt Corp Cl B (NYSE:IDT) by 67,200 shares to 502,495 shares, valued at $3.15M in 2018Q1, according to the filing. It also increased its holding in Amedisys Inc (NASDAQ:AMED) by 5,790 shares in the quarter, for a total of 36,757 shares, and has risen its stake in Silicom Ltd (NASDAQ:SILC).

Investors sentiment decreased to 1.12 in Q1 2018. Its down 0.07, from 1.19 in 2017Q4. It fall, as 27 investors sold ITRI shares while 66 reduced holdings. 39 funds opened positions while 65 raised stakes. 36.25 million shares or 0.55% more from 36.05 million shares in 2017Q4 were reported. Cibc Asset Mgmt has 0% invested in Itron, Inc. (NASDAQ:ITRI). Moreover, Jefferies Ltd Liability Corporation has 0% invested in Itron, Inc. (NASDAQ:ITRI). Sfe Counsel owns 6,945 shares. Goldman Sachs holds 109,437 shares. New York State Common Retirement Fund accumulated 37,800 shares. Blackrock holds 4.67M shares or 0.02% of its portfolio. The United Kingdom-based Impax Asset Mngmt Ltd has invested 2.74% in Itron, Inc. (NASDAQ:ITRI). Raymond James & Assoc reported 4,716 shares or 0% of all its holdings. Manufacturers Life Ins Communication The accumulated 25,349 shares. Bankshares Of Montreal Can holds 23,150 shares. Mason Street Advisors Ltd Limited Liability Company holds 9,468 shares. Automobile Association holds 0.02% of its portfolio in Itron, Inc. (NASDAQ:ITRI) for 127,271 shares. Axa holds 0.02% or 55,000 shares in its portfolio. Massachusetts-based Rhumbline Advisers has invested 0.01% in Itron, Inc. (NASDAQ:ITRI). First Mercantile owns 0.12% invested in Itron, Inc. (NASDAQ:ITRI) for 7,779 shares.

Since February 20, 2018, it had 3 buys, and 6 selling transactions for $13.29 million activity. 20,000 shares were bought by SCOPIA CAPITAL MANAGEMENT LP, worth $1.19M. GLANVILLE THOMAS S also sold $148,030 worth of Itron, Inc. (NASDAQ:ITRI) on Monday, March 5. $67,729 worth of stock was sold by CADIEUX MICHEL on Thursday, March 1. Votava Shannon M. had sold 6,661 shares worth $476,795.

Among 11 analysts covering Itron Inc. (NASDAQ:ITRI), 8 have Buy rating, 0 Sell and 3 Hold. Therefore 73% are positive. Itron Inc. had 39 analyst reports since August 6, 2015 according to SRatingsIntel. On Tuesday, September 12 the stock rating was maintained by Argus Research with “Buy”. The firm has “Hold” rating by Canaccord Genuity given on Friday, August 7. The rating was initiated by Wedbush on Tuesday, January 12 with “”. The firm earned “Buy” rating on Tuesday, January 2 by Raymond James. The stock has “Hold” rating by Robert W. Baird on Friday, October 13. The company was maintained on Wednesday, March 1 by Needham. Oppenheimer upgraded Itron, Inc. (NASDAQ:ITRI) on Thursday, November 3 to “Outperform” rating. As per Monday, March 19, the company rating was maintained by JMP Securities. The firm has “Hold” rating given on Tuesday, September 19 by Canaccord Genuity. The firm has “Buy” rating by Canaccord Genuity given on Monday, October 19.

More recent Itron, Inc. (NASDAQ:ITRI) news were published by: Globenewswire.com which released: “Recent Analysis Shows Carpenter Technology, Fiserv, WR Grace, Hannon Armstrong Sustainable Infrastructure …” on June 20, 2018. Also Nasdaq.com published the news titled: “Nicholas Financial Announces Kelly Malson as Chief Financial Officer” on May 30, 2018. Streetinsider.com‘s news article titled: “Itron (ITRI) Added to Best Ideas List at at Guggenheim; PT to $77” with publication date: June 20, 2018 was also an interesting one.

Analysts await Itron, Inc. (NASDAQ:ITRI) to report earnings on August, 1. They expect $0.57 EPS, down 19.72% or $0.14 from last year’s $0.71 per share. ITRI’s profit will be $22.35 million for 26.07 P/E if the $0.57 EPS becomes a reality. After $0.13 actual EPS reported by Itron, Inc. for the previous quarter, Wall Street now forecasts 338.46% EPS growth.

Among 39 analysts covering Schlumberger Limited. (NYSE:SLB), 32 have Buy rating, 1 Sell and 6 Hold. Therefore 82% are positive. Schlumberger Limited. had 150 analyst reports since July 22, 2015 according to SRatingsIntel. The company was maintained on Friday, October 13 by RBC Capital Markets. The firm earned “Outperform” rating on Wednesday, April 26 by Cowen & Co. The stock of Schlumberger Limited (NYSE:SLB) earned “Buy” rating by Cowen & Co on Thursday, January 11. Cowen & Co maintained it with “Outperform” rating and $81 target in Friday, October 16 report. The company was maintained on Monday, January 25 by Oppenheimer. The stock of Schlumberger Limited (NYSE:SLB) has “Buy” rating given on Monday, January 22 by FBR Capital. The firm has “Neutral” rating by Atlantic Securities given on Tuesday, June 27. The firm has “Buy” rating given on Wednesday, June 21 by BMO Capital Markets. JP Morgan maintained the shares of SLB in report on Tuesday, September 12 with “Overweight” rating. On Wednesday, September 9 the stock rating was maintained by Macquarie Research with “Neutral”.

More notable recent Schlumberger Limited (NYSE:SLB) news were published by: Finance.Yahoo.com which released: “Should Income Investors Buy Schlumberger Limited (NYSE:SLB) Before Its Ex-Dividend?” on June 02, 2018, also Benzinga.com with their article: “Earnings Outlook For Schlumberger” published on June 19, 2018, Seekingalpha.com published: “An Undervalued Services Play Due For Catch-Up” on June 18, 2018. More interesting news about Schlumberger Limited (NYSE:SLB) were released by: Streetinsider.com and their article: “Schlumberger Ltd. (SLB) Unit Wins US Supreme Court Patent Fight with ION Geophysical (IO) – Bloomberg” published on June 22, 2018 as well as Bizjournals.com‘s news article titled: “Study: These Houston companies rank among America’s most valuable brands” with publication date: June 21, 2018.

Itron, Inc. (NASDAQ:ITRI) Institutional Positions Chart

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