Is Great Panther Mining Limited (GPL) A Stock To Be Permanently Long On?

Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 3,309,049 shares of the stock are valued at $3.16 …

Great Panther Mining Limited (NYSE:GPL) is on recovery track with 71.66% gain from a 1-year low price of $0.54. The company lost -3.71% to attain the price of $0.92 on 4/10/2019. Throughout the recent session, the prices were hovering between $0.9101 and $0.98. These shares are 131.52% off its target price of $2.13 and the current market capitalization stands at $249.02M. The recent change has given its price a 0.96% lead over SMA 50 and -30.42% deficit over its 52-week high. The stock witnessed -15.74% declines, 29.35% gains and 10.65% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found GPL’s volatility during a week at 5.77% and during a month it has been found around 6.69%.

Great Panther Mining Limited (GPL) Top Holders

Institutional investors currently hold around $24 million or 15.1% in GPL stock. Look at its top three institutional owners: Van Eck Associates Corp owns $11.47 million in Great Panther Mining Limited, which represents roughly 4.61% of the company’s market cap and approximately 47.8% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 3,309,049 shares of the stock are valued at $3.16 million. The third largest holder is Financial & Investment Management Group Ltd, which currently holds $3.05 million worth of this stock and that ownership represents nearly 1.23% of its market capitalization.

Great Panther Mining Limited 13F Filings

At the end of December reporting period, 24 institutional holders increased their position in Great Panther Mining Limited (NYSE:GPL) by some 2,079,002 shares, 12 decreased positions by 4,600,006 and 6 held positions by 18,301,655. That puts total institutional holdings at 24,980,663 shares, according to SEC filings. The stock grabbed 12 new institutional investments totaling 615,588 shares while 5 institutional investors sold out their entire positions totaling 159,424 shares.

Great Panther Mining Limited (GPL) Analyst Guide

Not many analysts have released their opinion on Great Panther Mining Limited (NYSE:GPL), with 0 analysts believing it is a strong buy. Whereas 0 of them predict the stock is a hold. Also, there are 1 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2 average brokerage recommendation [T1].

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Institutional investors currently buzzing on DHT Holdings, Inc. (DHT)

The third largest holder is Renaissance Technologies Llc, which currently holds $24.65 million worth of this stock and that ownership represents …

DHT Holdings, Inc. (NYSE:DHT) is at least 48.84% than its current record low price of $3.46. There was a 3.83% gain on 4/10/2019 that led the price to move at $5.15. At a recent session, the prices were hovering between $4.96 and $5.19. This company shares are 25.44% off its target price of $6.46 and the current market capitalization stands at $715.9M. The recent change has given its price a 18.42% lead over SMA 50 and -8.04% deficit over its 52-week high. The stock witnessed 15.47% gains, 16.25% gains and 4.25% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found DHT’s volatility during a week at 3.59% and during a month it has been found around 3.02%.

DHT Holdings, Inc. (DHT) Top Holders

Institutional investors currently hold around $290 million or 48.6% in DHT stock. Look at its top three institutional owners: Wellington Management Group Llp owns $46.8 million in DHT Holdings, Inc., which represents roughly 6.54% of the company’s market cap and approximately 16.14% of the institutional ownership. Similar statistics are true for the second largest owner, Dimensional Fund Advisors Lp, which owns 9,205,894 shares of the stock are valued at $45.66 million. The third largest holder is Renaissance Technologies Llc, which currently holds $24.65 million worth of this stock and that ownership represents nearly 3.44% of its market capitalization.

DHT Holdings, Inc. 13F Filings

At the end of December reporting period, 49 institutional holders increased their position in DHT Holdings, Inc. (NYSE:DHT) by some 6,274,714 shares, 48 decreased positions by 6,760,648 and 18 held positions by 45,521,638. That puts total institutional holdings at 58,557,000 shares, according to SEC filings. The stock grabbed 19 new institutional investments totaling 2,601,557 shares while 22 institutional investors sold out their entire positions totaling 2,406,499 shares.

DHT Holdings, Inc. (DHT) Analyst Guide

Several analysts have released their opinion on DHT Holdings, Inc. (NYSE:DHT), with 4 analysts believing it is a strong buy. Whereas 3 of them predict the stock is a hold. Also, there are 7 buy, 0 sell and 0 strong sell ratings, collectively assigning a 1.93 average brokerage recommendation [T1].

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SSR Mining Inc. (SSRM) Made the Space More Attractive for Institutional Buyers

Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 5,778,400 shares of the stock are valued at $72.52 …

SSR Mining Inc. (NASDAQ:SSRM) is now up 49.45% compared to a 12-month low of $8.11. We have seen the price to move -3.43% lower and get settled at $12.12 on 4/10/2019. At recent session, it appeared stuck in a range of $12.1 to $12.57. This company shares are -3.05% up from its target price of $11.75 and the current market capitalization stands at $1.49B. The recent change has given its price a -9.86% deficit over SMA 50 and -20.11% deficit over its 52-week high. The stock witnessed -17.04% declines, -4.19% declines and 33.04% gains for the 1-month, 3-month and 6-month period, respectively. To measure price-variation, we found SSRM’s volatility during a week at 2.79% and during a month it has been found around 3.41%.

SSR Mining Inc. (SSRM) Top Holders

Institutional investors currently hold around $859 million or 63.7% in SSRM stock. Look at its top three institutional owners: Van Eck Associates Corp owns $222.33 million in SSR Mining Inc., which represents roughly 14.92% of the company’s market cap and approximately 25.88% of the institutional ownership. Similar statistics are true for the second largest owner, Renaissance Technologies Llc, which owns 5,778,400 shares of the stock are valued at $72.52 million. The third largest holder is Investec Asset Management Ltd, which currently holds $63.91 million worth of this stock and that ownership represents nearly 4.29% of its market capitalization.

SSR Mining Inc. 13F Filings

At the end of December reporting period, 75 institutional holders increased their position in SSR Mining Inc. (NASDAQ:SSRM) by some 10,725,413 shares, 47 decreased positions by 6,591,191 and 17 held positions by 51,158,336. That puts total institutional holdings at 68,474,940 shares, according to SEC filings. The stock grabbed 27 new institutional investments totaling 3,193,513 shares while 13 institutional investors sold out their entire positions totaling 938,633 shares.

SSR Mining Inc. (SSRM) Analyst Guide

Several analysts have released their opinion on SSR Mining Inc. (NASDAQ:SSRM), with 0 analysts believing it is a strong buy. Whereas 2 of them predict the stock is a hold. Also, there are 3 buy, 0 sell and 0 strong sell ratings, collectively assigning a 2.4 average brokerage recommendation [T1].

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Here’s What Hedge Funds Think About Amdocs Limited (DOX)

On AQR Capital Management’s heels is D E Shaw, managed by D. E. Shaw, which holds a $80.7 million position; 0.1% of its 13F portfolio is allocated …

After several tireless days we have finished crunching the numbers from nearly 750 13F filings issued by the elite hedge funds and other investment firms that we track at Insider Monkey, which disclosed those firms’ equity portfolios as of December 31. The results of that effort will be put on display in this article, as we share valuable insight into the smart money sentiment towards Amdocs Limited (NASDAQ:DOX).

Is Amdocs Limited (NASDAQ:DOX) undervalued? Money managers are getting more optimistic. The number of long hedge fund positions increased by 3 lately. Our calculations also showed that DOX isn’t among the 30 most popular stocks among hedge funds. DOX was in 24 hedge funds’ portfolios at the end of the fourth quarter of 2018. There were 21 hedge funds in our database with DOX positions at the end of the previous quarter.

According to most investors, hedge funds are seen as slow, old investment tools of the past. While there are over 8000 funds trading today, Our researchers choose to focus on the crème de la crème of this group, approximately 750 funds. It is estimated that this group of investors control the majority of the smart money’s total capital, and by tracking their inimitable picks, Insider Monkey has unearthed several investment strategies that have historically outstripped Mr. Market. Insider Monkey’s flagship hedge fund strategy exceeded the S&P 500 index by nearly 5 percentage points annually since its inception in May 2014 through early November 2018. We were able to generate large returns even by identifying short candidates. Our portfolio of short stocks lost 27.5% since February 2017 (through March 12th) even though the market was up nearly 25% during the same period. We just shared a list of 6 short targets in our latest quarterly update and they are already down an average of 6% in less than a month.

AQR CAPITAL MANAGEMENT

Cliff Asness of AQR Capital Management

Let’s take a look at the key hedge fund action encompassing Amdocs Limited (NASDAQ:DOX).

How are hedge funds trading Amdocs Limited (NASDAQ:DOX)?

Heading into the first quarter of 2019, a total of 24 of the hedge funds tracked by Insider Monkey were bullish on this stock, a change of 14% from one quarter earlier. Below, you can check out the change in hedge fund sentiment towards DOX over the last 14 quarters. So, let’s find out which hedge funds were among the top holders of the stock and which hedge funds were making big moves.

DOX

According to publicly available hedge fund and institutional investor holdings data compiled by Insider Monkey, Cliff Asness’s AQR Capital Management has the number one position in Amdocs Limited (NASDAQ:DOX), worth close to $180.8 million, amounting to 0.2% of its total 13F portfolio. On AQR Capital Management’s heels is D E Shaw, managed by D. E. Shaw, which holds a $80.7 million position; 0.1% of its 13F portfolio is allocated to the company. Other professional money managers that are bullish include Peter Rathjens, Bruce Clarke and John Campbell’s Arrowstreet Capital, John W. Rogers’s Ariel Investments and John Overdeck and David Siegel’s Two Sigma Advisors.

With a general bullishness amongst the heavyweights, specific money managers were leading the bulls’ herd. Lunia Capital, managed by Vikas Lunia, assembled the biggest position in Amdocs Limited (NASDAQ:DOX). Lunia Capital had $20.6 million invested in the company at the end of the quarter. Israel Englander’s Millennium Management also made a $10.1 million investment in the stock during the quarter. The following funds were also among the new DOX investors: Bruce Garelick’s Garelick Capital Partners, Alec Litowitz and Ross Laser’s Magnetar Capital, and George Zweig, Shane Haas and Ravi Chander’s Signition LP.

Let’s also examine hedge fund activity in other stocks – not necessarily in the same industry as Amdocs Limited (NASDAQ:DOX) but similarly valued. These stocks are Alliance Data Systems Corporation (NYSE:ADS), Huntington Ingalls Industries Inc (NYSE:HII), Arconic Inc. (NYSE:ARNC), and Wayfair Inc (NYSE:W). All of these stocks’ market caps match DOX’s market cap.

Ticker No of HFs with positions Total Value of HF Positions (x1000) Change in HF Position
ADS 39 1727772 2
HII 27 580335 1
ARNC 46 2480470 6
W 28 1439728 -2
Average 35 1557076 1.75

View table here if you experience formatting issues.

As you can see these stocks had an average of 35 hedge funds with bullish positions and the average amount invested in these stocks was $1557 million. That figure was $533 million in DOX’s case. Arconic Inc. (NYSE:ARNC) is the most popular stock in this table. On the other hand Huntington Ingalls Industries Inc (NYSE:HII) is the least popular one with only 27 bullish hedge fund positions. Compared to these stocks Amdocs Limited (NASDAQ:DOX) is even less popular than HII. Considering that hedge funds aren’t fond of this stock in relation to other companies analyzed in this article, it may be a good idea to analyze it in detail and understand why the smart money isn’t behind this stock. This isn’t necessarily bad news. Although it is possible that hedge funds may think the stock is overpriced and view the stock as a short candidate, they may not be very familiar with the bullish thesis. In either case more research is warranted. Our calculations showed that top 15 most popular stocks among hedge funds returned 21.3% through April 8th and outperformed the S&P 500 ETF (SPY) by more than 5 percentage points. Unfortunately DOX wasn’t in this group. Hedge funds that bet on DOX were disappointed as the stock lost 5.5% and underperformed the market. If you are interested in investing in large cap stocks, you should check out the top 15 hedge fund stocks as 12 of these outperformed the market.

Disclosure: None. This article was originally published at Insider Monkey.

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Millennium Management LLC Purchases 2484341 Shares of Denbury Resources Inc. (DNR)

Millennium Management LLC grew its position in shares of Denbury Resources Inc. (NYSE:DNR) by 97.2% in the 4th quarter, according to the …

Denbury Resources logoMillennium Management LLC grew its position in shares of Denbury Resources Inc. (NYSE:DNR) by 97.2% in the 4th quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The institutional investor owned 5,039,979 shares of the oil and natural gas company’s stock after acquiring an additional 2,484,341 shares during the quarter. Millennium Management LLC owned about 1.09% of Denbury Resources worth $8,618,000 as of its most recent filing with the Securities & Exchange Commission.

Several other hedge funds and other institutional investors have also recently added to or reduced their stakes in the company. M Holdings Securities Inc. purchased a new position in shares of Denbury Resources during the fourth quarter valued at approximately $25,000. Voloridge Investment Management LLC purchased a new position in shares of Denbury Resources during the fourth quarter valued at approximately $1,930,000. Alpine Associates Management Inc. purchased a new position in shares of Denbury Resources during the fourth quarter valued at approximately $611,000. Municipal Employees Retirement System of Michigan purchased a new position in shares of Denbury Resources during the fourth quarter valued at approximately $276,000. Finally, Gotham Asset Management LLC boosted its position in shares of Denbury Resources by 9.5% during the fourth quarter. Gotham Asset Management LLC now owns 120,661 shares of the oil and natural gas company’s stock valued at $206,000 after buying an additional 10,491 shares during the last quarter. Hedge funds and other institutional investors own 89.56% of the company’s stock.

DNR stock opened at $2.41 on Wednesday. The company has a debt-to-equity ratio of 2.33, a quick ratio of 0.81 and a current ratio of 0.81. Denbury Resources Inc. has a 1-year low of $1.39 and a 1-year high of $6.75. The firm has a market capitalization of $1.16 billion, a price-to-earnings ratio of 5.02 and a beta of 3.58.

Denbury Resources (NYSE:DNR) last issued its quarterly earnings results on Wednesday, February 27th. The oil and natural gas company reported $0.10 EPS for the quarter, beating analysts’ consensus estimates of $0.09 by $0.01. Denbury Resources had a return on equity of 23.95% and a net margin of 21.90%. The firm had revenue of $336.00 million for the quarter, compared to analysts’ expectations of $329.65 million. During the same quarter in the prior year, the firm earned $0.12 EPS. The business’s revenue for the quarter was up 4.7% compared to the same quarter last year. As a group, research analysts predict that Denbury Resources Inc. will post 0.45 earnings per share for the current year.

In other news, insider Christian S. Kendall purchased 150,000 shares of the company’s stock in a transaction dated Tuesday, March 26th. The shares were purchased at an average price of $2.00 per share, with a total value of $300,000.00. Following the transaction, the insider now directly owns 1,751,765 shares of the company’s stock, valued at $3,503,530. The purchase was disclosed in a document filed with the SEC, which is available through the SEC website. 1.10% of the stock is owned by corporate insiders.

Several research analysts recently issued reports on the company. Zacks Investment Research raised Denbury Resources from a “hold” rating to a “buy” rating and set a $2.25 target price on the stock in a research report on Wednesday, January 23rd. Imperial Capital set a $2.00 target price on Denbury Resources and gave the company a “hold” rating in a research report on Thursday, March 28th. TheStreet raised Denbury Resources from a “d+” rating to a “c” rating in a research report on Monday, December 17th. Oppenheimer reissued a “hold” rating on shares of Denbury Resources in a research report on Thursday, March 21st. Finally, Johnson Rice cut Denbury Resources from an “accumulate” rating to a “hold” rating in a research report on Tuesday, January 8th. Two investment analysts have rated the stock with a sell rating, seven have assigned a hold rating and one has issued a buy rating to the company’s stock. The company currently has a consensus rating of “Hold” and a consensus target price of $4.36.

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About Denbury Resources

Denbury Resources Inc operates as an independent oil and natural gas company in the United States. It holds interests in various oil and natural gas properties located in Mississippi, Texas, Louisiana, and Alabama in the Gulf Coast region; and in Montana, North Dakota, and Wyoming in the Rocky Mountain region.

Further Reading: What factors cause inflation to rise?

Want to see what other hedge funds are holding DNR?Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Denbury Resources Inc. (NYSE:DNR).

Institutional Ownership by Quarter for Denbury Resources (NYSE:DNR)

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