June 13, 2018 – By Pete Kolinski
Gfs Advisors Llc increased International Business Machs (IBM) stake by 352.08% reported in 2018Q1 SEC filing. Gfs Advisors Llc acquired 8,450 shares as International Business Machs (IBM)’s stock declined 9.42%. The Gfs Advisors Llc holds 10,850 shares with $1.67M value, up from 2,400 last quarter. International Business Machs now has $134.62B valuation. The stock decreased 0.15% or $0.22 during the last trading session, reaching $146.65. About 1.23 million shares traded. International Business Machines Corporation (NYSE:IBM) has declined 6.24% since June 13, 2017 and is downtrending. It has underperformed by 18.81% the S&P500. Some Historical IBM News: ; 15/05/2018 – BERKSHIRE HATHAWAY 13-F FILING WITH U.S. SEC SHOWS IT HAS DISSOLVED ITS SHARE STAKE IN IBM CORP IBM.N; 23/05/2018 – IBM announces new hiring in France as CEOs meet Macron; 08/05/2018 – Tech Data Adds IBM MaaS360 with Watson to StreamOne Cloud Marketplace; 14/03/2018 – EV GROUP & IBM SIGN LICENSE PACT ON LASER DEBONDING TECHNOLOGY; 07/05/2018 – Arun Sudhaman: IBM Selects Weber Shandwick To Lead New Global PR Lineup; 19/03/2018 – lntersections Inc. Launches Al-Powered Identity Theft Protection with IBM Watson; 15/05/2018 – BERKSHIRE 13F NO LONGER SHOWS STAKE IN IBM AS OF 1Q; 04/05/2018 – Warren Buffett says Berkshire Hathaway has sold completely out of IBM; 17/04/2018 – IBM 1Q Systems Rev $1.5B; 22/03/2018 – Accenture has spent more than $3 billion over the last three, years nearly half of it in fiscal 2017 on some 70 acquisitions, to boost its digital and cloud services in order to compete better with Cognizant and IBM
Among 7 analysts covering Newpark Resources (NYSE:NR), 6 have Buy rating, 0 Sell and 1 Hold. Therefore 86% are positive. Newpark Resources had 14 analyst reports since September 4, 2015 according to SRatingsIntel. The stock of Newpark Resources, Inc. (NYSE:NR) has “Buy” rating given on Thursday, January 5 by Loop Capital. The stock has “Hold” rating by Cowen & Co on Thursday, January 11. As per Thursday, January 19, the company rating was downgraded by Cowen & Co. As per Wednesday, June 1, the company rating was upgraded by Credit Suisse. On Monday, March 5 the stock rating was upgraded by Johnson Rice to “Buy”. The stock has “Outperform” rating by Credit Suisse on Monday, July 18. The rating was upgraded by Capital One on Wednesday, June 15 to “Overweight”. The company was upgraded on Monday, May 2 by Tudor Pickering. Cowen & Co maintained Newpark Resources, Inc. (NYSE:NR) on Tuesday, February 16 with “Outperform” rating. The firm has “Hold” rating by Cowen & Co given on Friday, July 7. See Newpark Resources, Inc. (NYSE:NR) latest ratings:
05/03/2018 Broker: Johnson Rice Old Rating: Hold New Rating: Buy Upgrade
11/01/2018 Broker: Cowen & Co Rating: Hold New Target: $10.0 Maintain
The stock decreased 0.72% or $0.075 during the last trading session, reaching $10.325. About 215,229 shares traded. Newpark Resources, Inc. (NYSE:NR) has risen 40.40% since June 13, 2017 and is uptrending. It has outperformed by 27.83% the S&P500. Some Historical NR News: ; 23/05/2018 – NEWPARK REIT LTD NRLJ.J – FY PROFIT BEFORE TAXATION OF 77.4 MLN RAND VS 95.2 MLN RAND YR AGO; 21/05/2018 – NEWPARK RESOURCES INC – ANTHONY J. BEST HAS BEEN NAMED CHAIRMAN OF BOARD EFFECTIVE MAY 17, 2018, SUCCEEDING DAVID C. ANDERSON; 21/05/2018 – Newpark Resources Announces Anthony J. Best Named as New Chairman; 24/04/2018 – Newpark Resources Forms Golden Cross: Technicals; 26/04/2018 – NEWPARK RESOURCES 1Q REV. $227.3M, EST. $223.0M; 26/04/2018 – NEWPARK RESOURCES 1Q EPS 8.0C, EST. 7.6C; 04/04/2018 – Newpark Resources Announces Planned General Counsel Succession; 02/04/2018 – Fidelity Select Natural Resources Exits Newpark Re; 26/04/2018 – Newpark 1Q EPS 8c; 21/05/2018 – NEWPARK RESOURCES NAMES ANTHONY J. BEST NEW CHAIRMAN
More news for Newpark Resources, Inc. (NYSE:NR) were recently published by: Streetinsider.com, which released: “Newpark Resources (NR) Names Anthony J. Best as Chairman” on May 21, 2018. Nasdaq.com‘s article titled: “Recent Analysis Shows Liberty Broadband, Primerica, Adtalem Global Education, Newpark Resources, Varian Medical …” and published on May 15, 2018 is yet another important article.
Investors sentiment increased to 1.42 in 2018 Q1. Its up 0.34, from 1.08 in 2017Q4. It increased, as 9 investors sold Newpark Resources, Inc. shares while 53 reduced holdings. 30 funds opened positions while 58 raised stakes. 82.87 million shares or 4.21% less from 86.52 million shares in 2017Q4 were reported. Acadian Asset Mngmt Ltd Liability Corporation has 0% invested in Newpark Resources, Inc. (NYSE:NR). Adams Diversified Equity Fund has 64,600 shares. Falcon Point Ltd Liability Co stated it has 0.17% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Arizona State Retirement Sys invested in 0.01% or 140,770 shares. Kbc Nv, Belgium-based fund reported 141,457 shares. Teacher Retirement Sys Of Texas holds 19,006 shares. Trexquant Invest L P reported 0.01% of its portfolio in Newpark Resources, Inc. (NYSE:NR). Nj State Employees Deferred Compensation Plan reported 100,000 shares. Piermont Management holds 0.63% in Newpark Resources, Inc. (NYSE:NR) or 233,067 shares. Strs Ohio owns 37,700 shares. Pub Employees Retirement Association Of Colorado has invested 0% in Newpark Resources, Inc. (NYSE:NR). Pinebridge Invests Lp has invested 0.03% of its portfolio in Newpark Resources, Inc. (NYSE:NR). 166,345 are owned by Parametric Port Assoc Limited Liability Corporation. Citadel Advsr Limited Liability Company holds 0% of its portfolio in Newpark Resources, Inc. (NYSE:NR) for 116,141 shares. Meeder Asset Mngmt Incorporated invested in 0% or 1,099 shares.
Since February 21, 2018, it had 0 buys, and 8 selling transactions for $4.64 million activity. LANIGAN MATTHEW had sold 18,913 shares worth $198,959. Howes Paul L had sold 47,495 shares worth $494,166. On Wednesday, May 2 the insider Piontek Gregg sold $540,908. Anderson David C sold $205,280 worth of stock or 20,000 shares. $1.32M worth of Newpark Resources, Inc. (NYSE:NR) shares were sold by AIROLA MARK J. Smith Bruce Campbell also sold $459,253 worth of Newpark Resources, Inc. (NYSE:NR) on Friday, May 4.
Newpark Resources, Inc., together with its subsidiaries, provides services and products primarily to the gas and oil exploration and production industry. The company has market cap of $922.13 million. The firm operates through two divisions, Fluids Systems and Mats and Integrated Services. It currently has negative earnings. The Fluids Systems segment offers drilling fluids products and technical services for technical drilling projects involving complex subsurface conditions, including horizontal, directional, geologically deep, or deep water drilling.
Investors sentiment increased to 1.11 in 2018 Q1. Its up 0.08, from 1.03 in 2017Q4. It is positive, as 60 investors sold IBM shares while 560 reduced holdings. 117 funds opened positions while 570 raised stakes. 501.15 million shares or 0.58% less from 504.07 million shares in 2017Q4 were reported. Van Cleef Asset Managementinc reported 5,336 shares or 0.2% of all its holdings. Marshwinds Advisory has invested 1.74% of its portfolio in International Business Machines Corporation (NYSE:IBM). Cohen Cap Mngmt holds 47,372 shares. Palo Capital has 927 shares. Beese Fulmer Inv Management reported 25,810 shares stake. Pictet Asset has 698,739 shares. Summit Asset has invested 0.52% in International Business Machines Corporation (NYSE:IBM). Ballentine Prtnrs Ltd Llc accumulated 7,209 shares. Philadelphia reported 0.1% stake. Fisher Asset Ltd Co holds 24,683 shares or 0% of its portfolio. Jolley Asset Mgmt Ltd Liability has 613 shares. 8,427 are owned by Beaumont Fincl Ptnrs Ltd. Moreover, Birmingham Capital Mgmt Al has 1.72% invested in International Business Machines Corporation (NYSE:IBM) for 27,000 shares. Tcw Group Inc stated it has 0.03% of its portfolio in International Business Machines Corporation (NYSE:IBM). Wells Fargo & Mn reported 0.36% in International Business Machines Corporation (NYSE:IBM).
More notable recent International Business Machines Corporation (NYSE:IBM) news were published by: Seekingalpha.com which released: “IBM: Unimpressive And Overpriced” on June 05, 2018, also 247Wallst.com with their article: “US Builds World’s Most Powerful Supercomputer” published on June 09, 2018, Fool.com published: “IBM Unveils an AI Supercomputer” on June 11, 2018. More interesting news about International Business Machines Corporation (NYSE:IBM) were released by: Fool.com and their article: “3 Dividend Stocks That Pay You More Than IBM Does” published on June 07, 2018 as well as Seekingalpha.com‘s news article titled: “Mass layoffs at IBM Watson Health?” with publication date: May 31, 2018.
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By Pete Kolinski