As Weatherford International Limi (WFT) Stock Declined, Schneider Capital Management Corp Has Raised Holding by $19.07 Million

October 13, 2018 - By Marguerite Chambers

Weatherford International plc (NYSE:WFT) LogoInvestors sentiment decreased to 0.75 in 2018 Q2. Its down 0.24, from 0.99 in 2018Q1. It dived, as 32 investors sold WFT shares while 97 reduced holdings. 37 funds opened positions while 60 raised stakes. 1.06 billion shares or 2.20% less from 1.09 billion shares in 2018Q1 were reported. Carroll Fincl Associate Incorporated has 0% invested in Weatherford International plc (NYSE:WFT) for 2,634 shares. Hsbc Public Limited Co holds 0% of its portfolio in Weatherford International plc (NYSE:WFT) for 348,333 shares. Jefferies Grp Incorporated Limited Liability reported 0.01% stake. Alyeska Invest Gp Limited Partnership accumulated 8.24M shares or 0.26% of the stock. Raymond James & reported 3.89M shares or 0.02% of all its holdings. 32.66M are held by Wedge Capital Mgmt L LP Nc. Benjamin F Edwards & Incorporated owns 2,000 shares or 0% of their US portfolio. Public Employees Retirement Association Of Colorado holds 0% of its portfolio in Weatherford International plc (NYSE:WFT) for 188,321 shares. Moreover, Fifth Third Bank has 0% invested in Weatherford International plc (NYSE:WFT) for 79,780 shares. Vanguard Grp Incorporated reported 84.57 million shares stake. Gsa Cap Prtn Llp invested in 0.01% or 47,891 shares. Natixis Advsr Ltd Partnership holds 0.05% or 1.70M shares. Sir Cap Management Lp has invested 1.28% in Weatherford International plc (NYSE:WFT). First Ltd Partnership holds 0% of its portfolio in Weatherford International plc (NYSE:WFT) for 36,151 shares. Piedmont Advsrs Limited Liability Co has 388 shares.

Schneider Capital Management Corp increased its stake in Weatherford International Limi (WFT) by 100.59% based on its latest 2018Q2 regulatory filing with the SEC. Schneider Capital Management Corp bought 6.36 million shares as the company’s stock declined 27.27% while stock markets rallied. The institutional investor held 12.68 million shares of the metal fabrications company at the end of 2018Q2, valued at $41.71M, up from 6.32M at the end of the previous reported quarter. Schneider Capital Management Corp who had been investing in Weatherford International Limi for a number of months, seems to be bullish on the $2.53B market cap company. It closed at $2.54 lastly. It is down 38.90% since October 13, 2017 and is downtrending. It has underperformed by 54.52% the S&P500.

Weatherford International plc (NYSE:WFT) Ratings Coverage

Among 5 analysts covering Weatherford (NYSE:WFT), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Weatherford had 5 analyst reports since April 24, 2018 according to SRatingsIntel. As per Friday, October 12, the company rating was downgraded by Societe Generale. On Tuesday, April 24 the stock rating was maintained by Jefferies with “Hold”. As per Tuesday, April 24, the company rating was maintained by Piper Jaffray.

Weatherford International plc (NYSE:WFT) Ratings Chart

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