American Century Companies Inc. Has $66.66 Million Stock Position in Kosmos Energy Ltd. $KOS

Key Points

• American Century Companies Inc. reduced its stake in Kosmos Energy Ltd. by 1.1%, owning approximately $66.66 million worth of the company after selling 320,873 shares.
• Kosmos Energy reported quarterly earnings with (-0.19) earnings per share, significantly missing the consensus estimate, alongside a negative net margin of 10.74% and revenues of $393.52 million.
• Multiple hedge funds have been active in adjusting their positions in Kosmos Energy, with Cerity Partners LLC boosting its stake by over 105% recently.

American Century Companies Inc. lowered its stake in Kosmos Energy Ltd. (NYSE:KOS - Free Report) by 1.1% during the first quarter, according to its most recent Form 13F filing with the Securities and Exchange Commission (SEC). The institutional investor owned 29,235,509 shares of the oil and gas producer's stock after selling 320,873 shares during the period. American Century Companies Inc. owned 6.12% of Kosmos Energy worth $66,657,000 at the end of the most recent quarter.

A number of other hedge funds have also recently added to or reduced their stakes in KOS. Cerity Partners LLC boosted its position in Kosmos Energy by 105.7% in the fourth quarter. Cerity Partners LLC now owns 39,191 shares of the oil and gas producer's stock valued at $138,000 after buying an additional 20,135 shares in the last quarter. Raymond James Financial Inc. acquired a new stake in Kosmos Energy in the fourth quarter valued at approximately $2,049,000. First Trust Advisors LP lifted its holdings in shares of Kosmos Energy by 61.4% during the fourth quarter. First Trust Advisors LP now owns 2,483,642 shares of the oil and gas producer's stock worth $8,494,000 after purchasing an additional 944,382 shares during the period. Tower Research Capital LLC TRC lifted its holdings in shares of Kosmos Energy by 421.1% during the fourth quarter. Tower Research Capital LLC TRC now owns 80,754 shares of the oil and gas producer's stock worth $276,000 after purchasing an additional 65,256 shares during the period. Finally, Stifel Financial Corp lifted its holdings in shares of Kosmos Energy by 24.9% during the fourth quarter. Stifel Financial Corp now owns 19,711 shares of the oil and gas producer's stock worth $67,000 after purchasing an additional 3,932 shares during the period. Institutional investors and hedge funds own 95.33% of the company's stock.

Kosmos Energy Trading Up 2.9%

KOS opened at $1.75 on Tuesday. Kosmos Energy Ltd. has a 1-year low of $1.39 and a 1-year high of $5.08. The company has a current ratio of 0.45, a quick ratio of 0.25 and a debt-to-equity ratio of 2.56. The company has a market cap of $836.94 million, a P/E ratio of -5.30 and a beta of 1.49. The company has a fifty day moving average price of $2.00 and a two-hundred day moving average price of $2.10.

Kosmos Energy (NYSE:KOS - Get Free Report) last posted its quarterly earnings results on Monday, August 4th. The oil and gas producer reported ($0.19) earnings per share for the quarter, missing the consensus estimate of ($0.06) by ($0.13). Kosmos Energy had a negative net margin of 10.74% and a negative return on equity of 14.16%. The company had revenue of $393.52 million during the quarter, compared to the consensus estimate of $444.26 million. Analysts predict that Kosmos Energy Ltd. will post 0.42 EPS for the current fiscal year.

Wall Street Analysts Forecast Growth

KOS has been the topic of a number of recent research reports. The Goldman Sachs Group cut their price target on shares of Kosmos Energy from $3.50 to $3.00 and set a "buy" rating on the stock in a report on Monday, May 19th. Wall Street Zen upgraded shares of Kosmos Energy to a "sell" rating in a report on Friday, May 16th. Mizuho cut their price target on shares of Kosmos Energy from $4.00 to $3.00 and set a "neutral" rating on the stock in a report on Tuesday, May 13th. Finally, Benchmark restated a "hold" rating on shares of Kosmos Energy in a report on Thursday, June 5th. One analyst has rated the stock with a sell rating, three have issued a hold rating and three have assigned a buy rating to the company. Based on data from MarketBeat.com, the company presently has a consensus rating of "Hold" and an average target price of $4.93.

Insiders Place Their Bets

In other Kosmos Energy news, Director John Douglas Kelso Grant sold 27,923 shares of Kosmos Energy stock in a transaction on Thursday, June 5th. The shares were sold at an average price of $1.81, for a total value of $50,540.63. Following the completion of the sale, the director directly owned 29,921 shares of the company's stock, valued at approximately $54,157.01. The trade was a 48.27% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. Company insiders own 2.02% of the company's stock.

Kosmos Energy Profile

Kosmos Energy Ltd., together with its subsidiaries, engages in the exploration, development, and production of oil and gas along the Atlantic Margins in the United States. The company's primary assets include production projects located in offshore Ghana, Equatorial Guinea, and the U.S. Gulf of Mexico, as well as gas projects located in offshore Mauritania and Senegal.

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