Credit Suisse Ag Increased Nabors Industries Ltd (NYSE:NBR) Stake by $13.43 Million

March 15, 2018 - By Migdalia James

Investors sentiment decreased to 1.01 in Q3 2017. Its down 0.08, from 1.09 in 2017Q2. It dived, as 45 investors sold NBR shares while 87 reduced holdings. 42 funds opened positions while 91 raised stakes. 274.98 million shares or 2.16% more from 269.17 million shares in 2017Q2 were reported. Arizona State Retirement has 161,994 shares. One Trading Limited Partnership invested in 0.02% or 286,817 shares. Cibc Incorporated holds 0% of its portfolio in Nabors Industries Ltd. (NYSE:NBR) for 88,000 shares. Scepter owns 250,200 shares for 4.92% of their portfolio. 1,653 were reported by Assetmark. Fmr Limited Company reported 17.65 million shares stake. Principal Financial Grp Inc Inc Inc invested 0.01% in Nabors Industries Ltd. (NYSE:NBR). Wells Fargo & Mn accumulated 0% or 866,154 shares. Citigroup has invested 0.01% of its portfolio in Nabors Industries Ltd. (NYSE:NBR). Omega Advsr has invested 0.8% in Nabors Industries Ltd. (NYSE:NBR). Castleark Mgmt Llc stated it has 22,400 shares. Prudential owns 3.96M shares. Louisiana State Employees Retirement Sys invested in 0.03% or 76,300 shares. Clarivest Asset Management Limited Liability Corporation holds 36,700 shares. 1832 Asset Mgmt Ltd Partnership reported 1.99M shares or 0.05% of all its holdings.

Credit Suisse Ag increased its stake in Nabors Industries Ltd (NYSE:NBR) by 648.82% based on its latest 2017Q4 regulatory filing with the SEC. Credit Suisse Ag bought 2.24M shares as the company’s stock declined 31.29% while stock markets rallied. The institutional investor held 2.58 million shares of the oil & gas production company at the end of 2017Q4, valued at $17.64M, up from 345,000 at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Nabors Industries Ltd for a number of months, seems to be bullish on the $2.24B market cap company. The stock decreased 0.14% or $0.01 during the last trading session, reaching $7.11. About 4.64M shares traded. Nabors Industries Ltd. (NYSE:NBR) has risen 32.66% since March 15, 2017 and is uptrending. It has outperformed by 15.96% the S&P500.

Credit Suisse Ag, which manages about $41.97B and $112.01 billion US Long portfolio, decreased its stake in Spdr Series Trust (Put) (XRT) by 553,000 shares to 87,000 shares, valued at $3.93M in 2017Q4, according to the filing. It also reduced its holding in Public Storage (Call) (NYSE:PSA) by 175,782 shares in the quarter, leaving it with 261,600 shares, and cut its stake in Csx Corp (Call) (NYSE:CSX).

Credit Suisse Ag is a Switzerland-based institutional investor with more than $41.97 billion AUM in December, 2014. Credit Suisse Ag is the 32th largest institutional investor in our database. Taken from Credit Suisse latest Adv, the fund reported to have 300 full and part-time employees. Among which 160 performing investment advisory and research functions. The institutional investor had more than 500 clients.

Nabors Industries Ltd. (NYSE:NBR) Ratings Coverage

Among 34 analysts covering Nabors Industries Ltd. (NYSE:NBR), 26 have Buy rating, 0 Sell and 8 Hold. Therefore 76% are positive. Nabors Industries Ltd. has $22 highest and $7.0 lowest target. $10.79’s average target is 51.76% above currents $7.11 stock price. Nabors Industries Ltd. had 109 analyst reports since August 6, 2015 according to SRatingsIntel. Morgan Stanley maintained it with “Equal-Weight” rating and $9 target in Monday, August 7 report. As per Wednesday, October 18, the company rating was maintained by Cowen & Co. As per Thursday, July 13, the company rating was maintained by Jefferies. The rating was upgraded by CapitalOne to “Overweight” on Monday, September 19. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Friday, March 31 by Credit Suisse. The company was maintained on Friday, September 4 by Credit Suisse. Guggenheim upgraded Nabors Industries Ltd. (NYSE:NBR) rating on Tuesday, August 15. Guggenheim has “Buy” rating and $1000 target. The firm has “Buy” rating by Citigroup given on Wednesday, May 10. The stock of Nabors Industries Ltd. (NYSE:NBR) has “Buy” rating given on Wednesday, January 17 by Seaport Global. The rating was maintained by Argus Research on Monday, September 21 with “Buy”.

Nabors Industries Ltd. provides drilling and rig services. The company has market cap of $2.24 billion. The firm offers equipment manufacturing, rig instrumentation, optimization software, and directional drilling services; and It provides patented steering systems and rig instrumentation software systems, including ROCKIT directional drilling system that provides data collection services to gas and oil exploration and service companies; REVit control system, a stick slip mitigation system; RIGWATCH software, which monitors a rigÂ’s real-time performance and offers daily reporting for drilling operations; and DRILLSMART software that allows the drilling system to adapt to operating parameters and drilling conditions. It currently has negative earnings. The firm also provides measurement while drilling systems and services; makes and sells top drives, catwalks, wrenches, draw works, and other drilling related equipment; and offers well-site services, such as engineering, transportation and disposal, construction, maintenance, well logging, directional drilling, data collection, and other support services.

More important recent Nabors Industries Ltd. (NYSE:NBR) news were published by: which released: “Nabors Industries (NBR) Q4 2017 Results – Earnings Call Transcript” on February 28, 2018, also published article titled: “Nabors (NBR) Q4 Loss Wider than Expected, Revenues Beat”, published: “Earnings Reaction History: Nabors Industries Ltd., 75.0% Follow-Through …” on February 27, 2018. More interesting news about Nabors Industries Ltd. (NYSE:NBR) was released by: and their article: “Nabors Industries Ltd. (NBR) Ex-Dividend Date Scheduled for March 12, 2018” with publication date: March 09, 2018.

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