A Look at 5 Trending Stocks and the News Behind Their Moves

RPC, Inc. (NYSE:RES)’s shares are rallying by 7% today, after the company reported financial results for the fourth quarter and year ended December 31, 2015. For the fourth quarter, the company reported a net loss of $0.18 per share, on revenue of $268.1 million, missing EPS expectations by $0.01 but beating revenue estimates by $10.29 million. For the full year, revenue decreased by 45.9% year-over-year to $1.3 billion while the company registered a net loss of $99.6 million, or $0.47 per share, down from last’s year profit of $245.2 million, or $1.14 in diluted earnings per share.

Among the funds we follow, 17 reported long positions in RPC, Inc. (NYSE:RES) as of the end of September, down by two funds from a quarter earlier. Mario Gabelli‘s GAMCO Investors was the largest shareholder of RPC, Inc. (NYSE:RES) in our system, with 5.59 million shares valued at $49.5 million at the end of September.

Analysts at Topeka Capital Markets are bearish on Dreamworks Animation Skg Inc (NASDAQ:DWA), as they downgraded the company to ‘Sell’ from ‘Hold’ today. The firm has a $19 price target on the stock, suggesting the stock has 26% downside potential. Dreamworks Animation Skg Inc (NASDAQ:DWA) shares are up by almost 30% in the last 12 months.

During the third quarter, Dreamworks Animation Skg Inc (NASDAQ:DWA) registered a slight increase in popularity among the funds that we track, with nine investors holding long positions at the end of September, up by one, and with them amassing around 36.3% of its outstanding stock. Mason Hawkins‘ Southeastern Asset Management reported holding a $287.75 million position in the stock as of that time, comprising 2.4% of its 13F portfolio.

Although Booz Allen Hamilton Holding Corporation (NYSE:BAH)’s board hiked its dividend to $0.15 from $0.13 per share, the stock is 5.2% in the red in Wednesday trading after it announced preliminary results for the third quarter of fiscal year 2016. The company reported fiscal third quarter EPS of $0.41, beating analyst estimates by $0.01 per share. The company’s revenue of $1.3 billion was flat when compared to the year-ago figure, but it came short of the consensus estimate of $10 million.

Hedge funds have been pessimistic on Booz Allen Hamilton Holding Corporation (NYSE:BAH), with 15 funds long the stock at the end of the third quarter, down from 23 funds long the stock at the close of the second quarter. Among the believers are Brian Ashford-Russell and Tim Woolley‘s Polar Capital, with a holding of 1.94 million shares at the end of September.

Disclosure: None