As Novartis Ag Spon Adr (NVS) Stock Price Rose, Thompson Rubinstein Investment Management Raised by $911,965 Its Position; Altalis Capital Management Lowered Its Anthem (ANTM) Stake as Valuation Rose

January 17, 2018 - By Ellis Scott

Thompson Rubinstein Investment Management Inc increased its stake in Novartis Ag Spon Adr (NVS) by 18.39% based on its latest 2017Q3 regulatory filing with the SEC. Thompson Rubinstein Investment Management Inc bought 10,729 shares as the company’s stock rose 4.17% with the market. The institutional investor held 69,071 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.93 million, up from 58,342 at the end of the previous reported quarter. Thompson Rubinstein Investment Management Inc who had been investing in Novartis Ag Spon Adr for a number of months, seems to be bullish on the $205.37B market cap company. The stock increased 0.54% or $0.47 during the last trading session, reaching $87.2. About 748,414 shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since January 17, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Adam Fox decreased its stake in Anthem Inc (ANTM) by 45.74% based on its latest 2017Q3 regulatory filing with the SEC. Altalis Capital Management Llc sold 7,607 shares as the company’s stock rose 10.08% with the market. The hedge fund run by Adam Fox held 9,025 shares of the health care company at the end of 2017Q3, valued at $1.71M, down from 16,632 at the end of the previous reported quarter. Altalis Capital Management Llc who had been investing in Anthem Inc for a number of months, seems to be less bullish one the $63.66 billion market cap company. The stock increased 2.56% or $6.19 during the last trading session, reaching $247.94. About 834,862 shares traded. Anthem, Inc. (NYSE:ANTM) has risen 31.86% since January 17, 2017 and is uptrending. It has outperformed by 15.16% the S&P500.

Altalis Capital Management Llc, which manages about $283.10M and $152.43 million US Long portfolio, upped its stake in Ca Inc (NASDAQ:CA) by 170,507 shares to 416,697 shares, valued at $13.91 million in 2017Q3, according to the filing. It also increased its holding in News Corp New (NASDAQ:NWSA) by 387,366 shares in the quarter, for a total of 2.31 million shares, and has risen its stake in Equity Comwlth (NYSE:EQC).

Among 24 analysts covering Anthem Inc (NYSE:ANTM), 14 have Buy rating, 0 Sell and 10 Hold. Therefore 58% are positive. Anthem Inc had 64 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Neutral” rating on Tuesday, May 24 by Sterne Agee CRT. The rating was maintained by RBC Capital Markets with “Outperform” on Thursday, January 28. The company was maintained on Monday, April 4 by Leerink Swann. The firm has “Hold” rating by Deutsche Bank given on Thursday, July 13. The firm has “Outperform” rating by Bernstein given on Thursday, June 16. The firm has “Hold” rating given on Tuesday, September 13 by Jefferies. As per Friday, November 3, the company rating was initiated by Credit Suisse. Morgan Stanley maintained it with “Equal-Weight” rating and $201 target in Thursday, August 17 report. Cantor Fitzgerald maintained it with “Buy” rating and $21000 target in Wednesday, July 26 report. The stock of Anthem, Inc. (NYSE:ANTM) earned “Hold” rating by Jefferies on Wednesday, June 7.

Analysts await Anthem, Inc. (NYSE:ANTM) to report earnings on February, 7. They expect $1.25 earnings per share, down 28.98% or $0.51 from last year’s $1.76 per share. ANTM’s profit will be $320.95 million for 49.59 P/E if the $1.25 EPS becomes a reality. After $2.65 actual earnings per share reported by Anthem, Inc. for the previous quarter, Wall Street now forecasts -52.83% negative EPS growth.

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