Carrizo Oil & Gas (CRZO) Position Increased by Nwq Investment Management Company, LLC


Carrizo Oil & Gas (NASDAQ:CRZO).

Nwq Investment Management Company, LLC reports that it bought 3,999,717 shares in the previous quarter increasing its stake in Carrizo Oil & Gas (CRZO) by 122.6%. Its investment stood at $124,388,000 an increase of 118.9% as of the end of the quarter.

These firms have modified their investment in CRZO. As of quarter end Falcon Point Capital, LLC had sold a total of 18,274 shares trimming its holdings by 4.7%. The value of the company’s investment in Carrizo Oil & Gas went from $6,740,000 to $6,521,000 a change of $219,000 quarter over quarter. Millennium Management LLC divested its ownership by selling 200,000 shares a decrease of 28.6%. Millennium Management LLC now holds 500,000 shares valued at $8,565,000. The value of the position overall is down by 29.8%.

As of the end of the quarter William Blair Investment Management, LLC had acquired 134,824 shares growing its position 8.8%. The value in dollars increased from $26,810,000 to $28,674,000 a change of 7.0% quarter to quarter.

On November 9 Royal Bank Of Canada kept the stock rating at “Outperform” targeting a price of $23.00. November 8 investment analysts at Scotiabank kept the company rating at “Buy” projecting a price of $33.00.

On November 8 Williams Capital maintained a stock rating of “Buy” with a current price target of $26.00. October 20 investment analysts at KeyCorp kept a “Buy” rating on the company.

On October 19 analysts at Goldman Sachs Group, Inc. (The) issued a report on CRZO and giving a rating of “Hold” and price target of $17.00. October 18 investment analysts at Goldman Sachs Group, Inc. (The) made no change to the stock rating of “Neutral” projecting a price of $14.50.

The company is now up since yesterday’s close of 18.08. Carrizo Oil & Gas currently has a P/E ratio of 11.77 and the market cap is 1.48B. As of the latest earnings report the EPS was $1.55 with 81.45M shares presently outstanding.

Investors are feeling more bearish lately as indicated by the rise in short interest. The stock realized a rise in short interest between September 29, 2017 and October 13, 2017 of 5.44%. Short interest increased from 17,766,587 to 18,733,606 over that timeframe. The short-interest ratio increased to 5.0 and the percentage of shorted shares is 0.23% as of October 13.