As Newpark Resources INC (NR) Valuation Declined, Holder Hartford Investment Management Co Has Trimmed Stake by $4.33 Million

Newpark Resources, Inc. (NYSE:NR) LogoInvestors sentiment decreased to 1.42 in Q3 2018. Its down 0.08, from 1.5 in 2018Q2. It dropped, as 17 investors sold NR shares while 42 reduced holdings. 26 funds opened positions while 58 raised stakes. 85.52 million shares or 0.75% more from 84.89 million shares in 2018Q2 were reported. Buckingham Asset Mgmt Limited Liability holds 0.24% or 150,841 shares in its portfolio. Ls Advisors Limited holds 2,545 shares or 0% of its portfolio. Btim reported 1.09 million shares stake. Pdts Partners Limited Liability Corporation invested in 61,100 shares or 0.03% of the stock. Pacific Ridge Cap Prns Ltd Llc holds 0.34% or 128,810 shares in its portfolio. State Bank Of Montreal Can, a Ontario – Canada-based fund reported 336,482 shares. 13,196 were accumulated by Proshare Limited Liability Company. Schwab Charles Mngmt owns 0.01% invested in Newpark Resources, Inc. (NYSE:NR) for 964,742 shares. Ameriprise Inc stated it has 3.16 million shares or 0.01% of all its holdings. The New York-based Bluemountain Management Limited Liability Corporation has invested 0% in Newpark Resources, Inc. (NYSE:NR). Morgan Stanley has 222,161 shares for 0% of their portfolio. Commonwealth Of Pennsylvania Pub School Empls Retrmt owns 0% invested in Newpark Resources, Inc. (NYSE:NR) for 21,619 shares. Miles holds 26,826 shares. Moreover, Fmr Ltd Liability Corporation has 0% invested in Newpark Resources, Inc. (NYSE:NR) for 250 shares. Clearbridge Investments Lc invested in 3.91 million shares.

Since November 20, 2018, it had 1 buying transaction, and 0 sales for $9,958 activity.

Hartford Investment Management Co decreased its stake in Newpark Resources Inc (NR) by 57.65% based on its latest 2018Q3 regulatory filing with the SEC. Hartford Investment Management Co sold 433,271 shares as the company’s stock declined 28.59% with the market. The institutional investor held 318,283 shares of the energy company at the end of 2018Q3, valued at $3.18M, down from 751,554 at the end of the previous reported quarter. Hartford Investment Management Co who had been investing in Newpark Resources Inc for a number of months, seems to be less bullish one the $741.90 million market cap company. It closed at $8.17 lastly. It is up 17.83% since January 14, 2018 and is downtrending. It has underperformed by 17.83% the S&P500.

Hartford Investment Management Co, which manages about $5.30 billion US Long portfolio, upped its stake in Sba Communications Reit C by 25,940 shares to 71,128 shares, valued at $10.25 million in 2018Q3, according to the filing.

Analysts await Newpark Resources, Inc. (NYSE:NR) to report earnings on February, 14. They expect $0.10 EPS, up 66.67 % or $0.04 from last year’s $0.06 per share. NR’s profit will be $9.08 million for 20.43 P/E if the $0.10 EPS becomes a reality. After $0.08 actual EPS reported by Newpark Resources, Inc. for the previous quarter, Wall Street now forecasts 25.00 % EPS growth.

More important recent Newpark Resources, Inc. (NYSE:NR) news were published by: Seekingalpha.com which released: “Q4 And FY 2018 Market Update – Seeking Alpha” on January 13, 2019, also Benzinga.com published article titled: “22 Stocks Moving In Wednesday’s Pre-Market Session – Benzinga”, Businesswire.com published: “Keysight Technologies Submits Industry’s First 5G TTCN-3 Conformance Test Case to 3GPP RAN 5 for 5G NR Device Certification – Business Wire” on December 20, 2018. More interesting news about Newpark Resources, Inc. (NYSE:NR) was released by: Businesswire.com and their article: “Keysight, Qualcomm Achieve 3GPP 5G NR Standalone End-to-End IP Data Transfer – Business Wire” with publication date: December 19, 2018.

Newpark Resources, Inc. (NYSE:NR) Institutional Positions Chart

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