Range Resources Corp (NYSE:RRC).
Snow Capital Management Lp reports that it bought 1,486,302 shares last quarter increasing its holdings in Range Resources Corp by 782.3%. Its stake was valued at $32,805,000 an increase of $28,403,000 as of the end of the quarter.
Here are a few institutional investors who have updated their positions. As of the end of the quarter Marshall Wace LLP had bought a total of 4,075 shares growing its position 2.6%. The value of the company’s investment in Range Resources Corp decreased from $3,615,000 to $3,225,000 a change of $390,000 for the reporting period. As of quarter end Raymond James & Associates had acquired 26,036 shares growing its holdings by 18.1%. The value of the total investment in Range Resources Corp went from $3,325,000 to $3,318,000 a change of 0.2% quarter to quarter.
Matthew 25 Management Corp expanded its investment by buying 115,000 shares an increase of 143.8% as of 09/30/2017. Matthew 25 Management Corp owns 195,000 shares worth $3,816,000. The total value of its holdings increased 105.8%.
Morgan Stanley lowered the price target of the stock on October 26 changing the forecast from $19.00 to $18.00 and issued a “Equal Weight” recommendation.
Piper Jaffray Companies updated guidance on RRC stating a rating of “Buy” and price target of $35.00.
On October 10 analysts at BMO Capital Markets updated coverage of RRC with a rating of “Buy” and setting a price target of $30.00. On October 10 Jefferies Group LLC held the stock rating at “Buy” targeting a price of $25.00.
The company is trading down since yesterday’s close of 17.34. Range Resources Corp currently has a P/E ratio of N/A and the market cap is 4.23B. As of the last earnings report the EPS was $-0.21 with 248.14M shares outstanding.
Short traders are more bearish lately as shown by the uptick in short interest. The stock recorded a rise in short interest from September 29, 2017 to October 13, 2017 of 7.39%. Short shares increased 2,261,211 over that timeframe. Days to cover increased from 5.0 to 7.0 and the percentage of shorted shares was 0.13% on October 13.