Akorn (AKRX) Shareholder Overland Advisors Decreased Stake; Becton Dickinson & Co (Put) (BDX) Shareholder Peak6 Investments LP Has Lowered Stake

January 14, 2018 - By Louis Casey

Gordy Holterman decreased its stake in Akorn Inc (AKRX) by 50.08% based on its latest 2017Q3 regulatory filing with the SEC. Overland Advisors Llc sold 200,337 shares as the company’s stock rose 52.48% with the market. The hedge fund run by Gordy Holterman held 199,663 shares of the health care company at the end of 2017Q3, valued at $6.63M, down from 400,000 at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Akorn Inc for a number of months, seems to be less bullish one the $4.20B market cap company. The stock decreased 0.03% or $0.01 during the last trading session, reaching $33.55. About 1.24 million shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since January 14, 2017 and is uptrending. It has underperformed by 4.66% the S&P500.

Matthew Hulsizer decreased its stake in Becton Dickinson & Co (Put) (BDX) by 76.53% based on its latest 2017Q3 regulatory filing with the SEC. Peak6 Investments Lp sold 30,000 shares as the company’s stock rose 1.79% with the market. The hedge fund run by Matthew Hulsizer held 9,200 shares of the health care company at the end of 2017Q3, valued at $1.80 million, down from 39,200 at the end of the previous reported quarter. Peak6 Investments Lp who had been investing in Becton Dickinson & Co (Put) for a number of months, seems to be less bullish one the $60.67B market cap company. The stock increased 0.84% or $1.89 during the last trading session, reaching $227.71. About 1.87 million shares traded or 41.07% up from the average. Becton, Dickinson and Company (NYSE:BDX) has risen 12.32% since January 14, 2017 and is uptrending. It has underperformed by 4.38% the S&P500.

Overland Advisors Llc, which manages about $4.50 billion and $1.60B US Long portfolio, upped its stake in Moneygram Intl Inc (NASDAQ:MGI) by 28,927 shares to 460,157 shares, valued at $7.41M in 2017Q3, according to the filing.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Akorn Inc had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained Akorn, Inc. (NASDAQ:AKRX) on Monday, July 17 with “Hold” rating. As per Wednesday, March 23, the company rating was maintained by William Blair. The company was maintained on Friday, February 12 by RBC Capital Markets. The rating was maintained by JP Morgan with “Overweight” on Monday, March 14. The rating was initiated by Nomura on Tuesday, September 29 with “Neutral”. Leerink Swann maintained Akorn, Inc. (NASDAQ:AKRX) on Wednesday, March 23 with “Market Perform” rating. The firm earned “Hold” rating on Friday, May 26 by Jefferies. The firm has “Neutral” rating given on Wednesday, March 23 by Susquehanna. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Sector Perform” rating given on Friday, November 4 by RBC Capital Markets. The stock has “Neutral” rating by Susquehanna on Tuesday, July 21.

Analysts await Becton, Dickinson and Company (NYSE:BDX) to report earnings on February, 1. They expect $2.43 EPS, up 4.29% or $0.10 from last year’s $2.33 per share. BDX’s profit will be $647.38 million for 23.43 P/E if the $2.43 EPS becomes a reality. After $2.40 actual EPS reported by Becton, Dickinson and Company for the previous quarter, Wall Street now forecasts 1.25% EPS growth.

Investors sentiment decreased to 0.93 in 2017 Q3. Its down 0.25, from 1.18 in 2017Q2. It dropped, as 53 investors sold BDX shares while 344 reduced holdings. 74 funds opened positions while 297 raised stakes. 197.53 million shares or 0.90% more from 195.76 million shares in 2017Q2 were reported. Baring Asset reported 27,857 shares or 0.32% of all its holdings. Reliance Trust Of Delaware holds 3,151 shares or 0.09% of its portfolio. 800 are held by Baker Ellis Asset Mngmt Ltd Liability Corporation. Capstone Advsr Lc has 0.04% invested in Becton, Dickinson and Company (NYSE:BDX). Stone Run Capital Ltd Liability stated it has 31,180 shares. Idaho-based Mountain Pacific Invest Advisers Id has invested 0.1% in Becton, Dickinson and Company (NYSE:BDX). Hm Payson And accumulated 73,722 shares. Moreover, Kings Point Capital Mgmt has 1.23% invested in Becton, Dickinson and Company (NYSE:BDX) for 28,059 shares. Beese Fulmer holds 1.21% in Becton, Dickinson and Company (NYSE:BDX) or 27,086 shares. Metropolitan Life Ins Co New York holds 0.14% or 117,406 shares in its portfolio. The United Kingdom-based Legal General Group Inc Public Lc has invested 0.18% in Becton, Dickinson and Company (NYSE:BDX). M Kraus has invested 2.38% in Becton, Dickinson and Company (NYSE:BDX). Commonwealth Of Pennsylvania Pub School Empls Retrmt reported 3,507 shares. Anchor Advsrs Limited Liability Company invested in 3,415 shares. Geode Mgmt Lc invested 0.15% of its portfolio in Becton, Dickinson and Company (NYSE:BDX).

Among 18 analysts covering Becton Dickinson (NYSE:BDX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Becton Dickinson had 46 analyst reports since August 7, 2015 according to SRatingsIntel. Cowen & Co maintained Becton, Dickinson and Company (NYSE:BDX) on Wednesday, September 27 with “Buy” rating. As per Friday, June 30, the company rating was upgraded by Raymond James. The rating was maintained by Jefferies on Thursday, November 9 with “Buy”. Jefferies maintained Becton, Dickinson and Company (NYSE:BDX) on Tuesday, August 22 with “Buy” rating. UBS maintained the stock with “Buy” rating in Friday, August 5 report. RBC Capital Markets maintained Becton, Dickinson and Company (NYSE:BDX) on Monday, July 10 with “Hold” rating. Jefferies maintained it with “Buy” rating and $230.0 target in Tuesday, September 26 report. The stock has “Hold” rating by RBC Capital Markets on Thursday, August 3. The stock of Becton, Dickinson and Company (NYSE:BDX) earned “Outperform” rating by Raymond James on Thursday, January 5. The rating was initiated by Wells Fargo with “Buy” on Friday, September 22.

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