Vivaldi Asset Management LLC bought a new position in shares of Rice Energy Inc (NYSE:RICE) during the 3rd quarter, according to the company in its most recent filing with the Securities & Exchange Commission. The institutional investor bought 970,184 shares of the oil and gas producer’s stock, valued at approximately $28,077,000. Rice Energy makes up approximately 4.4% of Vivaldi Asset Management LLC’s portfolio, making the stock its 7th largest position. Vivaldi Asset Management LLC owned about 0.43% of Rice Energy as of its most recent filing with the Securities & Exchange Commission.

Other institutional investors and hedge funds also recently added to or reduced their stakes in the company. Seven Eight Capital LP bought a new stake in Rice Energy in the second quarter valued at approximately $118,000. Zurcher Kantonalbank Zurich Cantonalbank raised its stake in Rice Energy by 9.7% in the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock valued at $149,000 after buying an additional 494 shares during the period. CIBC Asset Management Inc bought a new stake in Rice Energy in the third quarter valued at approximately $205,000. World Asset Management Inc bought a new stake in Rice Energy in the third quarter valued at approximately $210,000. Finally, The Manufacturers Life Insurance Company raised its stake in Rice Energy by 22.9% in the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock valued at $195,000 after buying an additional 1,362 shares during the period. Institutional investors and hedge funds own 87.22% of the company’s stock.

Shares of Rice Energy Inc (NYSE RICE) traded down $0.34 during trading hours on Friday, reaching $29.32. The company had a trading volume of 26,809,102 shares, compared to its average volume of 5,313,636. The company has a market cap of $6,690.00, a price-to-earnings ratio of 45.81 and a beta of 1.57. The company has a debt-to-equity ratio of 0.36, a quick ratio of 1.15 and a current ratio of 1.15. Rice Energy Inc has a twelve month low of $18.30 and a twelve month high of $29.72.

A number of equities analysts have recently weighed in on the company. BidaskClub upgraded Rice Energy from a “hold” rating to a “buy” rating in a research note on Thursday, September 28th. BMO Capital Markets set a $30.00 target price on Rice Energy and gave the stock a “buy” rating in a research note on Tuesday, August 8th. Royal Bank Of Canada reiterated a “hold” rating and set a $27.00 target price on shares of Rice Energy in a research note on Friday, September 29th. Scotiabank reiterated a “hold” rating and set a $27.00 target price on shares of Rice Energy in a research note on Thursday, August 3rd. Finally, Jefferies Group reissued a “hold” rating and set a $26.00 price target on shares of Rice Energy in a research report on Wednesday, August 16th. Nineteen equities research analysts have rated the stock with a hold rating and five have issued a buy rating to the company’s stock. Rice Energy has an average rating of “Hold” and a consensus price target of $27.71.

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Rice Energy Profile

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 conducts its operations through two segments: Exploration and Production, and Midstream.

Institutional Ownership by Quarter for Rice Energy (NYSE:RICE)

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