Spark Investment Management LLC grew its holdings in Energy XXI Gulf Coast Inc (NASDAQ:EXXI) by 450.5% during the 4th quarter, according to its most recent filing with the Securities and Exchange Commission. The fund owned 57,800 shares of the oil and gas producer’s stock after purchasing an additional 47,300 shares during the quarter. Spark Investment Management LLC owned approximately 0.17% of Energy XXI Gulf Coast worth $331,000 at the end of the most recent reporting period.
Other hedge funds and other institutional investors have also modified their holdings of the company. Arrowstreet Capital Limited Partnership acquired a new stake in shares of Energy XXI Gulf Coast in the fourth quarter valued at approximately $2,878,000. UBS Asset Management Americas Inc. bought a new position in shares of Energy XXI Gulf Coast in the fourth quarter valued at $125,000. PenderFund Capital Management Ltd. bought a new position in shares of Energy XXI Gulf Coast in the fourth quarter valued at $6,835,000. Alambic Investment Management L.P. grew its stake in shares of Energy XXI Gulf Coast by 170.2% in the fourth quarter. Alambic Investment Management L.P. now owns 166,676 shares of the oil and gas producer’s stock valued at $957,000 after buying an additional 105,000 shares in the last quarter. Finally, Boston Partners bought a new position in shares of Energy XXI Gulf Coast in the fourth quarter valued at $1,481,000. 82.65% of the stock is currently owned by institutional investors.
Several equities analysts recently weighed in on the stock. ValuEngine cut shares of Energy XXI Gulf Coast from a “sell” rating to a “strong sell” rating in a research note on Tuesday, December 5th. Zacks Investment Research raised shares of Energy XXI Gulf Coast from a “hold” rating to a “buy” rating and set a $6.50 price objective for the company in a research report on Wednesday, January 3rd.
Energy XXI Gulf Coast Inc (NASDAQ:EXXI) traded down $0.18 on Wednesday, hitting $5.61. The stock had a trading volume of 246,060 shares, compared to its average volume of 526,619. Energy XXI Gulf Coast Inc has a 12 month low of $4.74 and a 12 month high of $30.42. The company has a debt-to-equity ratio of 0.21, a current ratio of 1.38 and a quick ratio of 1.38.
TRADEMARK VIOLATION WARNING: This report was originally posted by The Lincolnian Online and is the sole property of of The Lincolnian Online. If you are reading this report on another domain, it was illegally stolen and republished in violation of U.S. and international trademark & copyright legislation. The original version of this report can be accessed at https://www.thelincolnianonline.com/2018/03/14/spark-investment-management-llc-increases-holdings-in-energy-xxi-gulf-coast-inc-exxi.html.
Energy XXI Gulf Coast Profile
Energy XXI Gulf Coast, Inc (EGC) is an independent oil and natural gas development and production company which was focused on development drilling on the Company’s core properties. The Company’s properties are located in the United States Gulf of Mexico waters and the Gulf Coast onshore. The Company operates nine oilfields on the Gulf of Mexico Shelf.
Receive News & Ratings for Energy XXI Gulf Coast Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Energy XXI Gulf Coast and related companies with MarketBeat.com's FREE daily email newsletter.