Echo Global Logistics (ECHO) Valuation Declined While Rutabaga Capital Management Has Increased by $7.09 Million Its Stake; Sivik Global Healthcare Maintains Position in Teva Pharm (TEVA)

April 21, 2018 - By Adrian Mccoy

Teva Pharmaceutical Industries Limited (NYSE:TEVA) Logo

Krishen Sud increased its stake in Teva Pharm (TEVA) by 175% based on its latest 2017Q4 regulatory filing with the SEC. Sivik Global Healthcare Llc bought 175,000 shares as the company’s stock declined 11.04% with the market. The hedge fund run by Krishen Sud held 275,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $5.21M, up from 100,000 at the end of the previous reported quarter. Sivik Global Healthcare Llc who had been investing in Teva Pharm for a number of months, seems to be bullish on the $18.12B market cap company. The stock increased 0.62% or $0.11 during the last trading session, reaching $17.82. About 8.38 million shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 49.50% since April 21, 2017 and is downtrending. It has underperformed by 61.05% the S&P500.

Peter Schliemann increased its stake in Echo Global Logistics Inc. (ECHO) by 96.2% based on its latest 2017Q4 regulatory filing with the SEC. Rutabaga Capital Management Llc bought 262,721 shares as the company’s stock declined 7.88% with the market. The hedge fund run by Peter Schliemann held 535,826 shares of the transportation company at the end of 2017Q4, valued at $15.00 million, up from 273,105 at the end of the previous reported quarter. Rutabaga Capital Management Llc who had been investing in Echo Global Logistics Inc. for a number of months, seems to be bullish on the $837.94M market cap company. The stock decreased 0.17% or $0.05 during the last trading session, reaching $29.9. About 206,132 shares traded. Echo Global Logistics, Inc. (NASDAQ:ECHO) has risen 28.61% since April 21, 2017 and is uptrending. It has outperformed by 17.06% the S&P500.

Rutabaga Capital Management Llc, which manages about $1.07B and $434.77 million US Long portfolio, decreased its stake in Mistras Group Inc. (NYSE:MG) by 33,146 shares to 731,925 shares, valued at $17.18 million in 2017Q4, according to the filing. It also reduced its holding in Maiden Holdings Ltd by 331,768 shares in the quarter, leaving it with 1.25 million shares, and cut its stake in Horizon Global Corporation.

Investors sentiment increased to 1.26 in Q4 2017. Its up 0.09, from 1.17 in 2017Q3. It improved, as 8 investors sold ECHO shares while 53 reduced holdings. 42 funds opened positions while 35 raised stakes. 26.25 million shares or 3.56% more from 25.35 million shares in 2017Q3 were reported. Lord Abbett Co Ltd Liability Co has invested 0.01% in Echo Global Logistics, Inc. (NASDAQ:ECHO). First Republic Inc has invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Ami Asset Corp reported 585,478 shares stake. Ahl Prtnrs Llp stated it has 21,232 shares or 0.01% of all its holdings. Moreover, Great West Life Assurance Company Can has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO) for 31,906 shares. Manufacturers Life Ins The invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Franklin Res reported 0.02% stake. Mason Street Advisors Lc has invested 0% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Vanguard Grp Inc holds 1.46M shares or 0% of its portfolio. Metropolitan Life Company Ny accumulated 9,127 shares. Parametric Limited Liability Co invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Rutabaga Mgmt Lc Ma has invested 3.45% in Echo Global Logistics, Inc. (NASDAQ:ECHO). Stifel Financial has 0% invested in Echo Global Logistics, Inc. (NASDAQ:ECHO). Thrivent For Lutherans invested 0% of its portfolio in Echo Global Logistics, Inc. (NASDAQ:ECHO). Barclays Plc accumulated 79,884 shares.

Among 15 analysts covering Echo Global Logistics (NASDAQ:ECHO), 9 have Buy rating, 2 Sell and 4 Hold. Therefore 60% are positive. Echo Global Logistics had 42 analyst reports since August 11, 2015 according to SRatingsIntel. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Equal-Weight” rating by Morgan Stanley on Thursday, October 26. The company was downgraded on Friday, August 21 by Zacks. Stifel Nicolaus maintained Echo Global Logistics, Inc. (NASDAQ:ECHO) on Thursday, September 28 with “Buy” rating. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) earned “Overweight” rating by JP Morgan on Monday, July 11. The stock of Echo Global Logistics, Inc. (NASDAQ:ECHO) has “Neutral” rating given on Tuesday, August 11 by Macquarie Research. The stock has “Buy” rating by BB&T Capital on Thursday, October 29. Morgan Stanley downgraded Echo Global Logistics, Inc. (NASDAQ:ECHO) on Monday, August 7 to “Equal-Weight” rating. UBS upgraded the stock to “Hold” rating in Monday, January 29 report. The rating was downgraded by Morgan Stanley to “Underweight” on Friday, February 23. On Friday, August 21 the stock rating was maintained by William Blair with “Outperform”.

Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 150 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was downgraded by Citigroup on Wednesday, August 16 to “Neutral”. The firm has “Sell” rating given on Friday, January 26 by Leerink Swann. Cantor Fitzgerald maintained the shares of TEVA in report on Thursday, August 3 with “Hold” rating. The firm earned “Hold” rating on Thursday, June 22 by Cantor Fitzgerald. On Friday, October 30 the stock rating was reinitiated by Jefferies with “Buy”. On Wednesday, October 4 the stock rating was maintained by Oppenheimer with “Hold”. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) has “Outperform” rating given on Monday, October 31 by Credit Suisse. The firm has “Hold” rating given on Friday, February 9 by RBC Capital Markets. The company was maintained on Monday, July 27 by Standpoint Research. Deutsche Bank maintained the shares of TEVA in report on Friday, February 9 with “Hold” rating.

Sivik Global Healthcare Llc, which manages about $250.21M and $269.45M US Long portfolio, decreased its stake in Alexion Pharmaceuticals Inc Com Stk (NASDAQ:ALXN) by 20,000 shares to 40,000 shares, valued at $4.78M in 2017Q4, according to the filing. It also reduced its holding in Abbvie Inc (NYSE:ABBV) by 30,000 shares in the quarter, leaving it with 65,000 shares, and cut its stake in Acadia Pharm (NASDAQ:ACAD).

Echo Global Logistics, Inc. (NASDAQ:ECHO) Institutional Positions Chart

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