Hudson Bay Capital Management LP Purchased $295,000 in Superior Energy Services, Inc. (SPN)

Hudson Bay Capital Management LP Purchased $295,000 in Superior Energy Services, Inc. (SPN)

Hudson Bay Capital Management LP bought a new stake in shares of Superior Energy Services, Inc. (NYSE:SPN) during the fourth quarter, according to its most recent 13F filing with the SEC. The firm bought 17,500 shares of the company’s stock, valued at approximately $295,000.

Several other institutional investors have also recently bought and sold shares of SPN. Victory Capital Management Inc. boosted its position in Superior Energy Services by 89.8% in the third quarter. Victory Capital Management Inc. now owns 7,575,774 shares of the company’s stock valued at $135,607,000 after buying an additional 3,583,598 shares in the last quarter. Cambiar Investors LLC purchased a new position in Superior Energy Services during the third quarter valued at about $26,165,000. Chartwell Investment Partners LLC boosted its position in Superior Energy Services by 48.3% in the third quarter. Chartwell Investment Partners LLC now owns 4,393,920 shares of the company’s stock valued at $78,651,000 after buying an additional 1,430,637 shares in the last quarter. Fiera Capital Corp boosted its position in Superior Energy Services by 334.7% in the fourth quarter. Fiera Capital Corp now owns 1,659,566 shares of the company’s stock valued at $28,013,000 after buying an additional 1,277,756 shares in the last quarter. Finally, Norges Bank purchased a new position in Superior Energy Services during the fourth quarter valued at about $18,930,000.

Shares of Superior Energy Services, Inc. (NYSE:SPN) opened at 14.26 on Friday. The stock’s market cap is $2.18 billion. The stock’s 50 day moving average is $15.39 and its 200-day moving average is $16.47. Superior Energy Services, Inc. has a 12-month low of $12.25 and a 12-month high of $19.83.

Superior Energy Services (NYSE:SPN) last posted its quarterly earnings data on Tuesday, February 21st. The company reported ($0.74) earnings per share for the quarter, beating analysts’ consensus estimates of ($0.77) by $0.03. Superior Energy Services had a negative net margin of 55.65% and a negative return on equity of 17.51%. The firm had revenue of $354.40 million for the quarter, compared to analyst estimates of $339.08 million. Equities analysts anticipate that Superior Energy Services, Inc. will post ($1.73) EPS for the current fiscal year.

SPN has been the subject of several analyst reports. Zacks Investment Research cut shares of Superior Energy Services from a “hold” rating to a “sell” rating in a research note on Tuesday, December 27th. Barclays PLC reiterated a “buy” rating and issued a $23.00 target price on shares of Superior Energy Services in a research note on Tuesday, January 10th. Credit Suisse Group AG upgraded shares of Superior Energy Services from a “neutral” rating to an “outperform” rating and upped their price objective for the stock from $15.00 to $21.00 in a research report on Wednesday, January 4th. Morgan Stanley upped their price objective on shares of Superior Energy Services from $25.00 to $30.00 and gave the stock an “overweight” rating in a research report on Tuesday, January 31st. Finally, Jefferies Group LLC restated a “buy” rating and set a $20.00 price objective (down from $22.00) on shares of Superior Energy Services in a research report on Tuesday, December 13th. One equities research analyst has rated the stock with a sell rating, ten have assigned a hold rating, fourteen have issued a buy rating and one has assigned a strong buy rating to the company’s stock. The company currently has a consensus rating of “Buy” and an average price target of $19.74.

Superior Energy Services Company Profile

Want to see what other hedge funds are holding SPN? Visit HoldingsChannel.com to get the latest 13F filings and insider trades for Superior Energy Services, Inc. (NYSE:SPN).

Related posts

Leave a Comment