Scotia Capital Has Decreased Methanex (Call) (MEOH) Position By $666,512; Nuvasive (NUVA) Shorts Up By 2.89%

June 20, 2017 - By Vivian Currie

Scotia Capital Inc decreased Methanex Corp (Call) (MEOH) stake by 24.18% reported in 2016Q4 SEC filing. Scotia Capital Inc sold 15,148 shares as Methanex Corp (Call) (MEOH)’s stock declined 12.56%. The Scotia Capital Inc holds 47,500 shares with $2.13 million value, down from 62,648 last quarter. Methanex Corp (Call) now has $3.66B valuation. The stock declined 2.16% or $0.9 reaching $40.8 per share. About 330,266 shares traded. Methanex Corporation (USA) (NASDAQ:MEOH) has risen 45.59% since June 20, 2016 and is uptrending. It has outperformed by 28.89% the S&P500.

Nuvasive Incorporated (NASDAQ:NUVA) had an increase of 2.89% in short interest. NUVA’s SI was 4.64M shares in June as released by FINRA. Its up 2.89% from 4.51 million shares previously. With 663,200 avg volume, 7 days are for Nuvasive Incorporated (NASDAQ:NUVA)’s short sellers to cover NUVA’s short positions. The SI to Nuvasive Incorporated’s float is 9.26%. About 251,996 shares traded. NuVasive, Inc. (NASDAQ:NUVA) has risen 33.31% since June 20, 2016 and is uptrending. It has outperformed by 16.61% the S&P500.

Nuvasive, Inc. is a medical device company. The company has market cap of $3.98 billion. The Firm focuses on developing minimally-disruptive surgical products and procedurally-integrated solutions for the spine surgery. It has a 80.16 P/E ratio. The Company’s product portfolio focuses on applications for spine fusion surgery, including biologics used to aid in the spinal fusion process.

Investors sentiment decreased to 0.93 in 2016 Q4. Its down 0.58, from 1.51 in 2016Q3. It is negative, as 37 investors sold NuVasive, Inc. shares while 94 reduced holdings. 41 funds opened positions while 81 raised stakes. 53.03 million shares or 5.08% more from 50.46 million shares in 2016Q3 were reported. Proshare Limited Liability Com accumulated 13,521 shares. Disciplined Growth Mn holds 0.11% in NuVasive, Inc. (NASDAQ:NUVA) or 68,760 shares. Tower Rech Ltd Liability Corp (Trc) owns 196 shares. Malaga Cove Cap Ltd Co stated it has 8,943 shares. Thompson Siegel Walmsley Limited Liability reported 17 shares. Hanseatic Incorporated holds 0.2% or 5,396 shares. Delta Asset Management Ltd Liability Co Tn holds 0% of its portfolio in NuVasive, Inc. (NASDAQ:NUVA) for 100 shares. Royal Bank & Trust Of Canada has 0.03% invested in NuVasive, Inc. (NASDAQ:NUVA) for 920,582 shares. Texas Permanent School Fund stated it has 36,722 shares or 0.03% of all its holdings. 25,800 are owned by Rmb Cap Management Limited Company. Sterling Mgmt Ltd holds 4,400 shares or 0% of its portfolio. Pura Vida Investments Limited Co holds 105,000 shares. Orbimed Advsrs Ltd Com has invested 0.11% in NuVasive, Inc. (NASDAQ:NUVA). Mutual Of America Mgmt Ltd Limited Liability Company has 0.1% invested in NuVasive, Inc. (NASDAQ:NUVA). Northwestern Mutual Wealth Mgmt holds 56 shares.

Among 15 analysts covering Nuvasive Inc. (NASDAQ:NUVA), 13 have Buy rating, 0 Sell and 2 Hold. Therefore 87% are positive. Nuvasive Inc. had 21 analyst reports since July 29, 2015 according to SRatingsIntel. BMO Capital Markets upgraded it to “Outperform” rating and $64 target in Tuesday, October 6 report. Cowen & Co maintained it with “Outperform” rating and $63 target in Wednesday, April 27 report. The firm earned “Overweight” rating on Friday, May 27 by Barclays Capital. The firm has “Buy” rating by Canaccord Genuity given on Tuesday, October 6. The firm earned “Buy” rating on Tuesday, September 1 by Leerink Swann. On Friday, December 11 the stock rating was upgraded by Bank of America to “Neutral”. As per Thursday, July 30, the company rating was upgraded by Northland Capital. The rating was maintained by Barclays Capital with “Overweight” on Wednesday, July 27. Jefferies maintained NuVasive, Inc. (NASDAQ:NUVA) rating on Wednesday, July 27. Jefferies has “Buy” rating and $72 target. The rating was initiated by Morgan Stanley with “Equal-Weight” on Monday, September 14.

Since February 13, 2017, it had 0 insider purchases, and 4 insider sales for $4.72 million activity. On Tuesday, February 14 LUCIER GREGORY T sold $1.26M worth of NuVasive, Inc. (NASDAQ:NUVA) or 17,286 shares. The insider HOWE LESLEY H sold $443,150. Miles Patrick had sold 15,000 shares worth $1.18 million. Hannon Jason sold $1.84 million worth of stock.

Scotia Capital Inc increased General Electric Co (Put) (NYSE:GE) stake by 28,700 shares to 70,000 valued at $2.21M in 2016Q4. It also upped Select Sector Spdr Tr (XLV) stake by 10,644 shares and now owns 15,764 shares. American Express Co (NYSE:AXP) was raised too.

Analysts await Methanex Corporation (USA) (NASDAQ:MEOH) to report earnings on July, 26. They expect $0.90 earnings per share, up 446.15% or $1.16 from last year’s $-0.26 per share. MEOH’s profit will be $80.74 million for 11.33 P/E if the $0.90 EPS becomes a reality. After $1.56 actual earnings per share reported by Methanex Corporation (USA) for the previous quarter, Wall Street now forecasts -42.31% negative EPS growth.

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