Atlantic Trust Group LLC Has $4.93 Million Stake in SRC Energy Inc (SRCI)

Atlantic Trust Group LLC decreased its stake in SRC Energy Inc (NYSEAMERICAN:SRCI) by 15.0% in the 3rd quarter, according to its most recent 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 509,917 shares of the oil and natural gas company’s stock after selling 90,083 shares during the period. Atlantic Trust Group LLC owned 0.21% of SRC Energy worth $4,931,000 at the end of the most recent quarter.

Several other hedge funds and other institutional investors also recently made changes to their positions in the company. Teacher Retirement System of Texas grew its holdings in shares of SRC Energy by 3.3% in the 2nd quarter. Teacher Retirement System of Texas now owns 15,503 shares of the oil and natural gas company’s stock valued at $104,000 after acquiring an additional 502 shares in the last quarter. Ameritas Investment Partners Inc. grew its holdings in shares of SRC Energy by 9.9% in the 2nd quarter. Ameritas Investment Partners Inc. now owns 17,639 shares of the oil and natural gas company’s stock valued at $119,000 after acquiring an additional 1,584 shares in the last quarter. Municipal Employees Retirement System of Michigan grew its holdings in shares of SRC Energy by 3.7% in the 2nd quarter. Municipal Employees Retirement System of Michigan now owns 47,380 shares of the oil and natural gas company’s stock valued at $319,000 after acquiring an additional 1,670 shares in the last quarter. Amalgamated Bank grew its holdings in shares of SRC Energy by 9.1% in the 2nd quarter. Amalgamated Bank now owns 27,551 shares of the oil and natural gas company’s stock valued at $185,000 after acquiring an additional 2,305 shares in the last quarter. Finally, Principal Financial Group Inc. grew its holdings in shares of SRC Energy by 0.3% in the 2nd quarter. Principal Financial Group Inc. now owns 1,552,481 shares of the oil and natural gas company’s stock valued at $10,448,000 after acquiring an additional 4,354 shares in the last quarter.

SRCI has been the subject of several recent analyst reports. SunTrust Banks reiterated a “buy” rating and issued a $12.00 target price on shares of SRC Energy in a research note on Friday, October 27th. Royal Bank of Canada reiterated a “buy” rating and issued a $13.00 target price on shares of SRC Energy in a research note on Tuesday, November 7th. Zacks Investment Research downgraded shares of SRC Energy from a “buy” rating to a “hold” rating in a research note on Friday, November 10th. Credit Suisse Group initiated coverage on shares of SRC Energy in a research note on Monday, December 11th. They issued an “underperform” rating and a $8.00 target price for the company. Finally, Robert W. Baird reiterated a “buy” rating and issued a $12.00 target price on shares of SRC Energy in a research note on Friday, September 1st. Two analysts have rated the stock with a sell rating, six have given a hold rating and fourteen have assigned a buy rating to the company’s stock. The stock has an average rating of “Buy” and a consensus price target of $11.73.

SRC Energy Inc (SRCI) opened at $8.61 on Wednesday. SRC Energy Inc has a fifty-two week low of $6.19 and a fifty-two week high of $10.22. The company has a market cap of $2,050.00, a P/E ratio of 17.94 and a beta of 1.52.

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SRC Energy Profile

SRC Energy Inc, formerly Synergy Resources Corporation, is an independent oil and natural gas company. The Company is engaged in the acquisition, development and production of crude oil and natural gas in and around the Denver-Julesburg Basin (D-J Basin) of Colorado. The D-J Basin generally extends from the Denver metropolitan area throughout northeast Colorado into Wyoming, Nebraska, and Kansas.

Institutional Ownership by Quarter for SRC Energy (NYSEAMERICAN:SRCI)

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