Vident Investment Advisory LLC bought a new position in shares of Rice Energy Inc (NYSE:RICE) during the third quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The fund bought 9,114 shares of the oil and gas producer’s stock, valued at approximately $264,000.

Other hedge funds and other institutional investors also recently bought and sold shares of the company. Seven Eight Capital LP bought a new stake in shares of Rice Energy during the second quarter worth $118,000. Zurcher Kantonalbank Zurich Cantonalbank lifted its holdings in shares of Rice Energy by 9.7% during the second quarter. Zurcher Kantonalbank Zurich Cantonalbank now owns 5,605 shares of the oil and gas producer’s stock worth $149,000 after purchasing an additional 494 shares during the period. CIBC Asset Management Inc acquired a new position in shares of Rice Energy during the third quarter worth $205,000. World Asset Management Inc acquired a new position in shares of Rice Energy during the third quarter worth $210,000. Finally, The Manufacturers Life Insurance Company lifted its holdings in shares of Rice Energy by 22.9% during the second quarter. The Manufacturers Life Insurance Company now owns 7,304 shares of the oil and gas producer’s stock worth $195,000 after purchasing an additional 1,362 shares during the period. 87.22% of the stock is currently owned by hedge funds and other institutional investors.

A number of equities analysts have recently commented on RICE shares. Cowen reiterated a “buy” rating and set a $30.00 price target on shares of Rice Energy in a report on Tuesday, September 12th. BMO Capital Markets set a $30.00 price target on shares of Rice Energy and gave the stock a “buy” rating in a report on Tuesday, October 10th. BidaskClub upgraded shares of Rice Energy from a “hold” rating to a “buy” rating in a report on Thursday, September 28th. Mizuho restated a “hold” rating and issued a $27.50 target price on shares of Rice Energy in a report on Friday, October 27th. Finally, Stifel Nicolaus restated a “hold” rating and issued a $27.00 target price on shares of Rice Energy in a report on Thursday, September 14th. Nineteen analysts have rated the stock with a hold rating and five have assigned a buy rating to the stock. Rice Energy currently has a consensus rating of “Hold” and a consensus price target of $27.58.

Rice Energy Inc (NYSE:RICE) opened at $29.32 on Wednesday. Rice Energy Inc has a fifty-two week low of $18.30 and a fifty-two week high of $29.72. The firm has a market cap of $6,690.00, a PE ratio of 45.81 and a beta of 1.57. The company has a current ratio of 1.15, a quick ratio of 1.15 and a debt-to-equity ratio of 0.36.

COPYRIGHT VIOLATION WARNING: This report was originally published by The Cerbat Gem and is the property of of The Cerbat Gem. If you are accessing this report on another website, it was copied illegally and republished in violation of U.S. and international copyright and trademark law. The original version of this report can be accessed at https://www.thecerbatgem.com/2017/12/20/vident-investment-advisory-llc-invests-264000-in-rice-energy-inc-rice.html.

About Rice Energy

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)

Receive News & Ratings for Rice Energy Daily - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings for Rice Energy and related companies with MarketBeat.com's FREE daily email newsletter.