Sanchez Energy Corp (SN), Swift Transportation Co (SWFT): Odey Asset Management Discloses Its Latest Moves

Sanchez Energy Corp (NYSE:SN) is a $522 million unconventional oil and natural gas producer headquartered in Houston, Texas. The company’s main assets are located on the U.S. Gulf Coast, with its main focus set on its Eagle Ford Shale asset in South Texas. Odey Asset Management’s decision to sell its entire stake in this stock is certainly justified, considering shares lost around 63% of their value throughout 2014 and are not expected to bounce back anytime soon. Despite the grim outlook and poor performance last year, the company continues to enjoy the backing of numerous institutional investors. Steven Tananbaum’s Goldentree Asset Management for example disclosed holding 802,500 shares during the third quarter. On the other hand, Ken Griffin’s Citadel Investment Group reduced its stake in the company throughout that period by 77%, currently owning 353,000 shares of the stock.

In addition to dropping its position in Sanchez Energy, Odey Asset Management increased its stake in Swift Transportation Co (NYSE:SWFT). Several analysts consider this stock to be in a great position to achieve future earnings growth. Last year, the company experienced EPS growth of 23%, while estimates for 2015 are at around 29%. Hence, it comes as little surprise that the London-based hedge fund decided to increase its holdings in this stock.

 Swift Transportation Co (NYSE:SWFT) is a $3.86 billion market cap multi-faceted transportation services company and truckload carrier. The Phoenix, Arizona based firm is viewed with optimism by several institutional investors, especially after its stock gained 28% in 2014. Apart from Odey Asset Management, Swift enjoys the backing of Clint Carlson’s Carlson Capital, which holds a position amounting to 2.35 million shares. Ken Griffin’s Citadel Investment Group is also bullish regarding the stock, with a position of 2.1 million shares, following a huge increase in its exposure during the third quarter.

Disclosure: Pablo Erbar holds no position in any stocks or funds mentioned.