Arcadia Investment Management Position in Abbvie (ABBV) Boosted by $403,920 as Shares Rose; Toscafund Asset Management Llp Holds Position in Blackstone Group LP (BX)

February 17, 2018 - By Hazel Jackson

Martin Hughes increased its stake in Blackstone Group Lp (BX) by 14.62% based on its latest 2017Q3 regulatory filing with the SEC. Toscafund Asset Management Llp bought 95,000 shares as the company’s stock declined 1.16% while stock markets rallied. The hedge fund run by Martin Hughes held 745,000 shares of the investment managers company at the end of 2017Q3, valued at $24.86M, up from 650,000 at the end of the previous reported quarter. Toscafund Asset Management Llp who had been investing in Blackstone Group Lp for a number of months, seems to be bullish on the $40.96B market cap company. The stock decreased 0.40% or $0.14 during the last trading session, reaching $34.51. About 3.45M shares traded. The Blackstone Group L.P. (NYSE:BX) has risen 20.49% since February 17, 2017 and is uptrending. It has outperformed by 3.79% the S&P500.

Arcadia Investment Management Corp increased its stake in Abbvie Inc (ABBV) by 4.89% based on its latest 2017Q3 regulatory filing with the SEC. Arcadia Investment Management Corp bought 4,590 shares as the company’s stock rose 6.17% with the market. The institutional investor held 98,491 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $8.75M, up from 93,901 at the end of the previous reported quarter. Arcadia Investment Management Corp who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $189.34 billion market cap company. The stock increased 3.22% or $3.7 during the last trading session, reaching $118.6. About 8.83 million shares traded or 49.76% up from the average. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since February 17, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Since December 13, 2017, it had 0 buys, and 1 sale for $632,896 activity.

Among 19 analysts covering The Blackstone Group L.P. (NYSE:BX), 15 have Buy rating, 0 Sell and 4 Hold. Therefore 79% are positive. The Blackstone Group L.P. had 62 analyst reports since August 9, 2015 according to SRatingsIntel. The stock of The Blackstone Group L.P. (NYSE:BX) has “Buy” rating given on Friday, September 18 by Deutsche Bank. The stock has “Buy” rating by J.P. Morgan on Friday, January 12. The rating was maintained by Oppenheimer with “Outperform” on Friday, July 14. The firm has “Buy” rating by Jefferies given on Wednesday, June 28. The stock has “Buy” rating by Keefe Bruyette & Woods on Wednesday, January 10. The firm has “Hold” rating by Deutsche Bank given on Friday, July 21. The rating was maintained by Keefe Bruyette & Woods on Thursday, September 28 with “Buy”. The stock of The Blackstone Group L.P. (NYSE:BX) earned “Hold” rating by Standpoint Research on Sunday, August 9. The stock has “Hold” rating by Deutsche Bank on Thursday, June 16. Deutsche Bank downgraded The Blackstone Group L.P. (NYSE:BX) rating on Friday, March 11. Deutsche Bank has “Hold” rating and $28 target.

Investors sentiment decreased to 1.24 in 2017 Q3. Its down 0.40, from 1.64 in 2017Q2. It fall, as 29 investors sold BX shares while 155 reduced holdings. 52 funds opened positions while 177 raised stakes. 272.94 million shares or 3.67% less from 283.35 million shares in 2017Q2 were reported. 1,000 were reported by Edge Wealth Management Limited. Brave Asset Management stated it has 6,000 shares or 0.1% of all its holdings. Neuberger Berman Gp Ltd Liability Company reported 0.08% of its portfolio in The Blackstone Group L.P. (NYSE:BX). Amer Rech & Mngmt Comm holds 0% or 100 shares. Tortoise Invest Management invested in 1,200 shares. 83,525 were reported by Sol Capital Mngmt. Hmi Limited Com owns 9.85% invested in The Blackstone Group L.P. (NYSE:BX) for 2.14 million shares. Lazard Asset Management Ltd Liability holds 0% of its portfolio in The Blackstone Group L.P. (NYSE:BX) for 6,000 shares. Northern Trust Corporation reported 324,516 shares. Mufg Americas Holding Corporation invested in 0.03% or 23,989 shares. Odey Asset Ltd reported 85,750 shares. Moreover, Optimum Advisors has 0.39% invested in The Blackstone Group L.P. (NYSE:BX) for 34,860 shares. Bb&T Corporation holds 0.01% or 8,861 shares. River Road Asset Mngmt Limited Company invested in 34,283 shares or 0.02% of the stock. Invesco has invested 0% in The Blackstone Group L.P. (NYSE:BX).

Since September 11, 2017, it had 0 buys, and 5 sales for $25.59 million activity. Schumacher Laura J also sold $14.07M worth of AbbVie Inc. (NYSE:ABBV) on Thursday, December 14. 87,040 shares valued at $8.57M were sold by RICHMOND TIMOTHY J. on Monday, December 18. Shares for $1.66 million were sold by Gosebruch Henry O. The insider SALEKI-GERHARDT AZITA sold $705,655.

Arcadia Investment Management Corp, which manages about $587.00M and $327.45M US Long portfolio, decreased its stake in Vanguard Bd Index Fd Inc (BIV) by 5,057 shares to 273 shares, valued at $23,000 in 2017Q3, according to the filing. It also reduced its holding in Buffalo Wild Wings Inc (NASDAQ:BWLD) by 5,434 shares in the quarter, leaving it with 475 shares, and cut its stake in Rydex Etf Trust (RSP).

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 10 have Buy rating, 2 Sell and 9 Hold. Therefore 48% are positive. Abbvie Inc had 78 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of AbbVie Inc. (NYSE:ABBV) has “Buy” rating given on Wednesday, July 22 by SunTrust. The stock has “Outperform” rating by William Blair on Friday, February 5. The company was maintained on Monday, October 30 by Leerink Swann. The stock of AbbVie Inc. (NYSE:ABBV) has “Neutral” rating given on Monday, September 25 by UBS. The stock has “Buy” rating by Jefferies on Friday, January 26. Jefferies maintained it with “Buy” rating and $9000 target in Monday, June 26 report. The rating was initiated by Atlantic Securities on Friday, December 18 with “Neutral”. The stock of AbbVie Inc. (NYSE:ABBV) has “Market Perform” rating given on Friday, June 10 by BMO Capital Markets. The firm earned “Hold” rating on Wednesday, October 11 by BMO Capital Markets. The rating was maintained by Jefferies with “Buy” on Thursday, May 25.

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