Bamco Inc. NY Reduces Holdings in Rice Energy Inc (RICE)

Bamco Inc. NY reduced its position in Rice Energy Inc (NYSE:RICE) by 27.5% during the 3rd quarter, according to the company in its most recent filing with the Securities and Exchange Commission (SEC). The fund owned 62,800 shares of the oil and gas producer’s stock after selling 23,800 shares during the period. Bamco Inc. NY’s holdings in Rice Energy were worth $1,817,000 at the end of the most recent quarter.

Other hedge funds and other institutional investors also recently modified their holdings of the company. ProShare Advisors LLC boosted its stake in Rice Energy by 1.5% during the 2nd quarter. ProShare Advisors LLC now owns 15,173 shares of the oil and gas producer’s stock valued at $404,000 after purchasing an additional 220 shares during the period. Comerica Bank boosted its stake in Rice Energy by 1.8% during the 2nd quarter. Comerica Bank now owns 16,279 shares of the oil and gas producer’s stock valued at $444,000 after purchasing an additional 288 shares during the period. Public Employees Retirement Association of Colorado boosted its stake in Rice Energy by 1.6% during the 2nd quarter. Public Employees Retirement Association of Colorado now owns 25,669 shares of the oil and gas producer’s stock valued at $684,000 after purchasing an additional 411 shares during the period. Zurcher Kantonalbank Zurich Cantonalbank boosted its stake in Rice Energy by 9.7% during the 2nd quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after purchasing an additional 494 shares during the period. Finally, The Manufacturers Life Insurance Company boosted its stake in Rice Energy by 22.9% during the 2nd quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after purchasing an additional 1,362 shares during the period. 87.22% of the stock is currently owned by institutional investors and hedge funds.

A number of analysts have commented on RICE shares. BidaskClub downgraded Rice Energy from a “buy” rating to a “hold” rating in a research report on Thursday, August 17th. Royal Bank of Canada set a $27.00 price objective on Rice Energy and gave the stock a “hold” rating in a research report on Thursday, August 24th. US Capital Advisors downgraded Rice Energy from a “buy” rating to a “hold” rating in a research report on Friday, September 1st. Goldman Sachs Group downgraded Rice Energy from a “buy” rating to a “neutral” rating and reduced their price objective for the stock from $29.00 to $26.00 in a research report on Friday, September 8th. Finally, Cowen reiterated a “buy” rating and issued a $30.00 price objective on shares of Rice Energy in a research report on Tuesday, September 12th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the stock. The stock has a consensus rating of “Hold” and a consensus price target of $27.71.

Rice Energy Inc (NYSE RICE) traded down $0.34 during mid-day trading on Friday, reaching $29.32. The company had a trading volume of 26,809,102 shares, compared to its average volume of 5,313,636. Rice Energy Inc has a 12-month low of $18.30 and a 12-month high of $29.72. The firm has a market cap of $6,690.00, a PE ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a current ratio of 1.15 and a quick ratio of 1.15.

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Rice Energy Company Profile

Rice Energy Inc (Rice Energy) is an independent natural gas and oil company. The Company is engaged in the acquisition, exploration and development of natural gas, oil and natural gas liquids (NGL) properties in the Appalachian Basin. The Company conducts its operations through two segments: Exploration and Production, and Midstream.

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Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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