First Trust Advisors LP Has $4,479,000 Position in SandRidge Energy Inc. (SD) symbol?
Posted by Reagan on Apr 5th, 2016 // No Comments
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SandRidge Energy logoFirst Trust Advisors LP increased its stake in shares of SandRidge Energy Inc. (NYSE:SD) by 68.7% during the fourth quarter, Holdings Channel reports. The fund owned 22,396,199 shares of the company’s stock after buying an additional 9,120,781 shares during the period. First Trust Advisors LP’s holdings in SandRidge Energy were worth $4,479,000 at the end of the most recent reporting period.
Separately, Akanthos Capital Management LLC raised its position in shares of SandRidge Energy by 2.6% in the fourth quarter. Akanthos Capital Management LLC now owns 13,750,000 shares of the company’s stock valued at $2,750,000 after buying an additional 350,000 shares during the period.
SD has been the topic of several recent analyst reports. Zacks Investment Research upgraded SandRidge Energy from a “hold” rating to a “buy” rating in a report on Tuesday, December 22nd. Wunderlich downgraded SandRidge Energy from a “hold” rating to a “sell” rating in a research report on Thursday, January 28th. Finally, SunTrust lowered SandRidge Energy from a “buy” rating to a “neutral” rating in a research note on Monday, February 1st. Five analysts have rated the stock with a sell rating, three have issued a hold rating and one has assigned a buy rating to the company’s stock. The stock presently has an average rating of “Hold” and an average target price of $0.86.
