Why Heartland Advisors Inc Reported Willbros Group, Inc Position?

December 8, 2017 - By Hazel Jackson

 Why Heartland Advisors Inc Reported Willbros Group, Inc Position?

Investors sentiment increased to 1.15 in Q2 2017. Its up 0.15, from 1 in 2017Q1. It is positive, as 8 investors sold Willbros Group, Inc. shares while 19 reduced holdings. 10 funds opened positions while 21 raised stakes. 36.04 million shares or 1.05% more from 35.66 million shares in 2017Q1 were reported.

Citigroup invested in 0% or 751 shares. Mariner Wealth Limited invested in 0.01% or 119,865 shares. Goldman Sachs Grp holds 24,977 shares. Bankshares Of New York Mellon Corp accumulated 0% or 191,712 shares. Oregon-based Auxier Asset Management has invested 0.01% in Willbros Group, Inc. (NYSE:WG). California State Teachers Retirement has invested 0% in Willbros Group, Inc. (NYSE:WG). Rhumbline Advisers has 0% invested in Willbros Group, Inc. (NYSE:WG) for 49,560 shares. Cutter & Brokerage accumulated 101,000 shares. Renaissance Technology Ltd Co holds 0% or 469,900 shares in its portfolio. Wells Fargo And Mn has invested 0% in Willbros Group, Inc. (NYSE:WG). Royal Savings Bank Of Canada holds 0% of its portfolio in Willbros Group, Inc. (NYSE:WG) for 3,058 shares. Moreover, Raymond James Service Advsrs Inc has 0% invested in Willbros Group, Inc. (NYSE:WG). Panagora Asset Mngmt owns 1,727 shares. Prescott Gp Mngmt Limited Company accumulated 207,852 shares. Millennium Limited Liability Corporation stated it has 0% of its portfolio in Willbros Group, Inc. (NYSE:WG).

The New Heartland Advisors Inc Holding in Willbros Group, Inc

Heartland Advisors Inc reported SC 13G/A form with the SEC for Willbros Group, Inc. Access it here: 000089271217000788. As reported by Heartland Advisors Inc, the filler owns 4.3% or 2,739,012 shares of the Energy–company.

Willbros Group, Inc stake is new for [reportingPerson]. Date of activity: November 30, 2017. This shows Heartland Advisors Inc’s positive view for Willbros Group, Inc. For a institutional investor managing $6.06 billion in assets and having 51+ experts this is interesting position.

Willbros Group, Inc Institutional Sentiment

Filings show 52 investors own Willbros Group, Inc. The ownership in Q3 2015 is high, at Infinity of the outstanding shares. This is increased by 5823382. 31040383 were owned by these investors. 2 funds opened new Willbros Group, Inc stakes, 11 increased positions. There were 22 that closed positions and 28 reduced them.

Netols Asset Management Inc is an investor bullish on Willbros Group, Inc, owning 957008 shares as of Q3 2015 for 0.27% of its portfolio. Oppenheimer & Close Llc owns 15000 shares or 0.02% of its portfolio. NY Kohlberg Kravis Roberts & Company Lp have 0.14% of its portfolio for 10125410 shares. Further, Schneider Capital Management Corp reported stake worth 0.59% of its portfolio. The CT Gendell Jeffrey L owns 4026940 shares. Willbros Group, Inc is 1.05% of its portfolio.

SEC Form 13G.

Heartland Advisors Inc website.

Analysts await Willbros Group, Inc. (NYSE:WG) to report earnings on March, 6. They expect $0.14 earnings per share, up 173.68 % or $0.33 from last year’s $-0.19 per share. WG’s profit will be $8.85M for 2.21 P/E if the $0.14 EPS becomes a reality. After $-0.52 actual earnings per share reported by Willbros Group, Inc. for the previous quarter, Wall Street now forecasts -126.92 % EPS growth.

The stock increased 2.48% or $0.03 during the last trading session, reaching $1.24. About 411,071 shares traded. Willbros Group, Inc. (NYSE:WG) has declined 22.01% since December 8, 2016 and is downtrending. It has underperformed by 38.71% the S&P500.

Willbros Group, Inc., through its subsidiaries, operates as a specialty energy infrastructure contractor serving gas and oil, and power industries in the United States and Canada. The company has market cap of $78.40 million. The firm operates through three divisions: Oil & Gas, Utility T&D, and Canada. It currently has negative earnings. The Oil & Gas segment offers construction, maintenance, and lifecycle extension services to the midstream markets.

Willbros Group, Inc. (NYSE:WG) Ratings Coverage

Among 5 analysts covering Willbros Group (NYSE:WG), 0 have Buy rating, 0 Sell and 5 Hold. Therefore 0 are positive. Willbros Group has $2.25 highest and $1.0 lowest target. $1.49’s average target is 20.16% above currents $1.24 stock price. Willbros Group had 6 analyst reports since July 2, 2015 according to SRatingsIntel. Credit Suisse maintained it with “Underperformer” rating and $1.35 target in Wednesday, August 16 report. As per Thursday, July 2, the company rating was maintained by UBS. The rating was maintained by Avondale with “Market Perform” on Friday, March 11. The firm has “Hold” rating given on Monday, September 18 by KeyBanc Capital Markets. The firm earned “Equalweight” rating on Friday, June 24 by Morgan Stanley. On Monday, August 10 the stock rating was maintained by DA Davidson with “Neutral”.

More important recent Willbros Group, Inc. (NYSE:WG) news were published by: Quotes.Wsj.com which released: “Willbros Group Inc.” on February 11, 2011, also Seekingalpha.com published article titled: “Willbros: A Selloff In This $1 Turnaround Stock Has Created A Buying Opportunity”, Fool.com published: “Why Willbros Group Inc (WG) Stock Blasted Down 57% Today” on March 18, 2015. More interesting news about Willbros Group, Inc. (NYSE:WG) was released by: Seekingalpha.com and their article: “Willbros Group’s (WG) CEO Michael Fournier on Q3 2017 Results – Earnings Call …” with publication date: November 09, 2017.

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