As Bristol Myers Squibb (BMY) Stock Value Declined, Beck Mack & Oliver Has Upped by $680,400 Its Position; Wabco Holdings (WBC) Stock Value Rose While Turtle Creek Asset Management Lowered Stake

January 18, 2018 - By Stephen Andrade

Beck Mack & Oliver Llc increased its stake in Bristol Myers Squibb (BMY) by 75.27% based on its latest 2017Q3 regulatory filing with the SEC. Beck Mack & Oliver Llc bought 10,800 shares as the company’s stock declined 1.04% while stock markets rallied. The institutional investor held 25,148 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $1.60M, up from 14,348 at the end of the previous reported quarter. Beck Mack & Oliver Llc who had been investing in Bristol Myers Squibb for a number of months, seems to be bullish on the $101.23 billion market cap company. The stock increased 3.22% or $1.93 during the last trading session, reaching $61.85. About 10.61 million shares traded or 90.42% up from the average. Bristol-Myers Squibb Company (NYSE:BMY) has declined 23.19% since January 18, 2017 and is downtrending. It has underperformed by 39.89% the S&P500.

Turtle Creek Asset Management Inc decreased its stake in Wabco Holdings Inc (WBC) by 23.74% based on its latest 2017Q3 regulatory filing with the SEC. Turtle Creek Asset Management Inc sold 3,300 shares as the company’s stock rose 2.31% with the market. The institutional investor held 10,600 shares of the auto manufacturing company at the end of 2017Q3, valued at $1.57 million, down from 13,900 at the end of the previous reported quarter. Turtle Creek Asset Management Inc who had been investing in Wabco Holdings Inc for a number of months, seems to be less bullish one the $8.47 billion market cap company. The stock increased 1.36% or $2.12 during the last trading session, reaching $157.89. About 307,271 shares traded. WABCO Holdings Inc. (NYSE:WBC) has risen 17.28% since January 18, 2017 and is uptrending. It has outperformed by 0.58% the S&P500.

Investors sentiment increased to 1.03 in 2017 Q3. Its up 0.08, from 0.95 in 2017Q2. It is positive, as 62 investors sold BMY shares while 519 reduced holdings. 137 funds opened positions while 460 raised stakes. 1.11 billion shares or 0.68% more from 1.10 billion shares in 2017Q2 were reported. Bkd Wealth Advisors Ltd Co has 14,787 shares. Weiss Multi has invested 0.17% in Bristol-Myers Squibb Company (NYSE:BMY). Main Street Limited Liability holds 0.32% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY) for 30,653 shares. California-based Elm Advsrs Limited Co has invested 0.35% in Bristol-Myers Squibb Company (NYSE:BMY). Highbridge Cap Limited Co holds 118,897 shares or 0.11% of its portfolio. Neumann Capital Mgmt Ltd Liability Company holds 0.42% or 10,539 shares in its portfolio. Kbc Group Nv reported 470,742 shares. Somerville Kurt F accumulated 20,850 shares. Regal Inv Limited Liability Corporation owns 3,954 shares. Princeton Strategies Group Ltd Liability Corporation has invested 0.8% of its portfolio in Bristol-Myers Squibb Company (NYSE:BMY). Boston Advsr Limited Company has 463,675 shares for 0.67% of their portfolio. Dnb Asset Management As invested in 435,906 shares or 0.37% of the stock. Kcm Advsrs Ltd Liability holds 292,435 shares. 775,153 are held by Teacher Retirement Of Texas. Public Sector Pension Inv Board holds 597,113 shares.

Beck Mack & Oliver Llc, which manages about $5.32B and $3.04 billion US Long portfolio, decreased its stake in Enstar Group Ltd (NASDAQ:ESGR) by 16,456 shares to 780,836 shares, valued at $173.62 million in 2017Q3, according to the filing. It also reduced its holding in Abbott Labs (NYSE:ABT) by 82,154 shares in the quarter, leaving it with 1.53 million shares, and cut its stake in Merck & Co Inc (NYSE:MRK).

Since September 6, 2017, it had 1 buying transaction, and 2 sales for $646,385 activity. On Tuesday, December 12 Lynch Thomas J. Jr. sold $335,172 worth of Bristol-Myers Squibb Company (NYSE:BMY) or 5,300 shares. $249,187 worth of Bristol-Myers Squibb Company (NYSE:BMY) was bought by Samuels Theodore R. II.

Among 19 analysts covering Bristol-Myers Squibb Company (NYSE:BMY), 6 have Buy rating, 3 Sell and 10 Hold. Therefore 32% are positive. Bristol-Myers Squibb Company had 69 analyst reports since July 28, 2015 according to SRatingsIntel. Credit Suisse maintained the shares of BMY in report on Friday, October 27 with “Neutral” rating. The stock of Bristol-Myers Squibb Company (NYSE:BMY) has “Equal-Weight” rating given on Friday, August 5 by Morgan Stanley. The rating was maintained by Credit Suisse with “Outperform” on Monday, May 9. The rating was maintained by Jefferies with “Hold” on Thursday, November 16. The company was maintained on Tuesday, March 15 by Jefferies. Hilliard Lyons initiated the stock with “Neutral” rating in Monday, May 23 report. The firm has “Buy” rating given on Friday, October 6 by UBS. The rating was maintained by Cowen & Co on Thursday, October 19 with “Hold”. The company was maintained on Wednesday, August 16 by BMO Capital Markets. The stock has “Buy” rating by Berenberg on Friday, January 22.

Among 19 analysts covering WABCO Holdings (NYSE:WBC), 13 have Buy rating, 1 Sell and 5 Hold. Therefore 68% are positive. WABCO Holdings had 61 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of WABCO Holdings Inc. (NYSE:WBC) earned “Outperform” rating by RBC Capital Markets on Friday, October 23. The stock has “Buy” rating by Stifel Nicolaus on Thursday, September 7. As per Friday, October 20, the company rating was maintained by BMO Capital Markets. RBC Capital Markets maintained it with “Buy” rating and $13700 target in Tuesday, July 18 report. The rating was maintained by RBC Capital Markets with “Buy” on Friday, September 22. KeyBanc Capital Markets maintained the shares of WBC in report on Thursday, September 7 with “Buy” rating. As per Friday, July 21, the company rating was maintained by Deutsche Bank. Bank of America upgraded the shares of WBC in report on Thursday, February 2 to “Buy” rating. BMO Capital Markets maintained it with “Hold” rating and $140.0 target in Tuesday, September 12 report. The firm earned “Buy” rating on Wednesday, July 5 by RBC Capital Markets.

Investors sentiment increased to 1.5 in Q3 2017. Its up 0.45, from 1.05 in 2017Q2. It improved, as 23 investors sold WBC shares while 88 reduced holdings. 53 funds opened positions while 113 raised stakes. 51.96 million shares or 0.65% more from 51.63 million shares in 2017Q2 were reported. Findlay Park Prtn Ltd Liability Partnership invested 0.3% in WABCO Holdings Inc. (NYSE:WBC). Artisan Ptnrs Ltd Partnership holds 1.89M shares or 0.52% of its portfolio. Fdx Advisors stated it has 4,964 shares. Congress Asset Management Co Ma reported 1.33% stake. Tocqueville Asset Ltd Partnership reported 0.01% in WABCO Holdings Inc. (NYSE:WBC). Pitcairn reported 2,879 shares. Mitsubishi Ufj Tru And Banking has 105,184 shares. Loomis Sayles And Co Lp holds 0.05% or 158,313 shares in its portfolio. Timessquare Llc holds 716,900 shares or 0.71% of its portfolio. Mai Capital Mgmt holds 0.06% or 6,750 shares in its portfolio. Meiji Yasuda Asset Mgmt Ltd accumulated 2,530 shares or 0.04% of the stock. Citadel Advsrs Ltd Llc reported 0.05% stake. Japan-based Sumitomo Mitsui Asset Mngmt has invested 0.01% in WABCO Holdings Inc. (NYSE:WBC). Franklin invested in 282,680 shares or 0.02% of the stock. Kj Harrison Prns Inc owns 10,070 shares for 0.51% of their portfolio.

Turtle Creek Asset Management Inc, which manages about $1.01B US Long portfolio, upped its stake in Open Text Corp (NASDAQ:OTEX) by 152,600 shares to 2.43 million shares, valued at $78.54M in 2017Q3, according to the filing. It also increased its holding in Pra Group Inc (NASDAQ:PRAA) by 1.57M shares in the quarter, for a total of 5.96M shares, and has risen its stake in Service Corp International (NYSE:SCI).

Analysts await WABCO Holdings Inc. (NYSE:WBC) to report earnings on February, 16. They expect $1.78 EPS, up 21.09% or $0.31 from last year’s $1.47 per share. WBC’s profit will be $95.50 million for 22.18 P/E if the $1.78 EPS becomes a reality. After $1.71 actual EPS reported by WABCO Holdings Inc. for the previous quarter, Wall Street now forecasts 4.09% EPS growth.

Since July 31, 2017, it had 0 insider purchases, and 2 selling transactions for $27.06 million activity. ESCULIER JACQUES had sold 172,394 shares worth $26.07M.

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