Key Colony Management Exits Position in Rice Energy Inc (RICE)

Rice Energy Inc (RICE) : Key Colony Management has sold out all of its stake in Rice Energy Inc during the most recent quarter, according to the disclosure filed by the company on Aug 12, 2016 with the SEC. The investment management company has sold out 20,000 shares of Rice Energy Inc which is valued at $477,600.

Other Hedge Funds, Including , Rhumbline Advisers boosted its stake in RICE in the latest quarter, The investment management firm added 40,544 additional shares and now holds a total of 84,171 shares of Rice Energy Inc which is valued at $2,010,003. Rice Energy Inc makes up approx 0.01% of Rhumbline Advisers’s portfolio.Eaton Vance Management reduced its stake in RICE by selling 25,020 shares or 10.43% in the most recent quarter. The Hedge Fund company now holds 214,914 shares of RICE which is valued at $5,205,217. Rice Energy Inc makes up approx 0.01% of Eaton Vance Management’s portfolio.Los Angeles Capital Management Equity Research Inc reduced its stake in RICE by selling 8,020 shares or 25.24% in the most recent quarter. The Hedge Fund company now holds 23,755 shares of RICE which is valued at $575,346.Boston Partners boosted its stake in RICE in the latest quarter, The investment management firm added 628,782 additional shares and now holds a total of 4,908,066 shares of Rice Energy Inc which is valued at $125,155,683. Rice Energy Inc makes up approx 0.17% of Boston Partners’s portfolio.

Rice Energy Inc closed down -0.26 points or -0.97% at $26.64 with 19,00,153 shares getting traded on Monday. Post opening the session at $26.75, the shares hit an intraday low of $26.555 and an intraday high of $27.09 and the price fluctuated in this range throughout the day.Shares ended Monday session in Red.

On the company’s financial health, Rice Energy Inc reported $-1.07 EPS for the quarter, missing the analyst consensus estimate by $ -1.01 based on the information available during the earnings call on Aug 3, 2016. Analyst had a consensus of $-0.06. The company had revenue of $116.00 million for the quarter, compared to analysts expectations of $180.12 million. The company’s revenue was up 2.7% compared to the same quarter last year. During the same quarter in the previous year, the company posted $0.03 EPS.

Many Wall Street Analysts have commented on Rice Energy Inc. Williams Capital Group Initiated Rice Energy Inc on Aug 29, 2016 to “Hold”, Price Target of the shares are set at $29.Company shares were Reiterated by Barclays on Aug 8, 2016 to “Overweight”, Firm has raised the Price Target to $ 30 from a previous price target of $19 .Company shares were Reiterated by Stifel on Aug 5, 2016 to “Buy”, Firm has raised the Price Target to $ 30 from a previous price target of $24 .

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 operates in two segments: Exploration and Production and Midstream. Exploration and Production segment is engaged in the acquisition exploration and development of natural gas oil and NGLs. Midstream segment is engaged in the gathering and compression of natural gas oil and NGL production of and in the provision of water services to support the well completion activities of Rice Energy and third-parties. The Company’s Exploration and Production segment operates in the core of the Marcellus Utica Shales and Upper Devonian Shale. The Company’s midstream assets consist of gathering systems and associated compression infrastructure at Washington County System Greene County System and Belmont County System.

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