Eli Lilly & Co (LLY) Holder Beutel Goodman & Co LTD Upped Its Holding by $7.39 Million; Sarbit Advisory Services Lowered Its Stake in On Track Innovation LTD (OTIV) as Stock Value Declined

April 22, 2018 - By Richard Conner

Eli Lilly and Company (NYSE:LLY) Logo

Sarbit Advisory Services Inc decreased its stake in On Track Innovation Ltd (OTIV) by 60.95% based on its latest 2017Q4 regulatory filing with the SEC. Sarbit Advisory Services Inc sold 820,147 shares as the company’s stock declined 31.29% with the market. The institutional investor held 525,427 shares of the semiconductors company at the end of 2017Q4, valued at $1.12 million, down from 1.35M at the end of the previous reported quarter. Sarbit Advisory Services Inc who had been investing in On Track Innovation Ltd for a number of months, seems to be less bullish one the $44.06 million market cap company. It closed at $1.07 lastly. It is down 36.08% since April 22, 2017 and is downtrending. It has underperformed by 47.63% the S&P500.

Beutel Goodman & Co Ltd increased its stake in Eli Lilly & Co (LLY) by 4.78% based on its latest 2017Q4 regulatory filing with the SEC. Beutel Goodman & Co Ltd bought 110,241 shares as the company’s stock declined 11.06% with the market. The institutional investor held 2.42M shares of the major pharmaceuticals company at the end of 2017Q4, valued at $162.99M, up from 2.31 million at the end of the previous reported quarter. Beutel Goodman & Co Ltd who had been investing in Eli Lilly & Co for a number of months, seems to be bullish on the $82.38B market cap company. The stock decreased 0.87% or $0.69 during the last trading session, reaching $79.06. About 5.42M shares traded or 8.52% up from the average. Eli Lilly and Company (NYSE:LLY) has declined 10.19% since April 22, 2017 and is downtrending. It has underperformed by 21.74% the S&P500.

Among 2 analysts covering On Track Innovations (NASDAQ:OTIV), 2 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. On Track Innovations had 7 analyst reports since August 11, 2015 according to SRatingsIntel. The rating was downgraded by Zacks on Tuesday, September 1 to “Buy”. As per Tuesday, August 11, the company rating was maintained by Northland Capital. Northland Capital maintained On Track Innovations Ltd. (NASDAQ:OTIV) rating on Thursday, August 10. Northland Capital has “Buy” rating and $2.5000 target. Northland Capital maintained it with “Buy” rating and $200 target in Wednesday, July 19 report. The stock of On Track Innovations Ltd. (NASDAQ:OTIV) earned “Hold” rating by Zacks on Thursday, August 13. The rating was maintained by Northland Capital on Wednesday, October 4 with “Buy”.

Investors sentiment decreased to 0.88 in 2017 Q4. Its down 1.12, from 2 in 2017Q3. It worsened, as 2 investors sold OTIV shares while 6 reduced holdings. 7 funds opened positions while 0 raised stakes. 1.99 million shares or 39.58% less from 3.30 million shares in 2017Q3 were reported. California Pub Employees Retirement Systems stated it has 37,200 shares. Citadel Advsrs Limited Liability holds 28,366 shares or 0% of its portfolio. Wolverine Asset Llc holds 30,000 shares or 0% of its portfolio. Sarbit Advisory Svcs reported 525,427 shares or 0.2% of all its holdings. Geode Cap Mgmt Limited Liability invested in 22,179 shares or 0% of the stock. Huntington Fincl Bank has invested 0% in On Track Innovations Ltd. (NASDAQ:OTIV). Deutsche Bancshares Ag has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV). Susquehanna Group Incorporated Llp accumulated 84,645 shares or 0% of the stock. Virtu Finance Ltd Llc owns 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV) for 21,494 shares. Geller Family Office Serv Ltd Liability Com owns 550,048 shares or 0.38% of their US portfolio. Two Sigma Securities Lc reported 0% stake. Wells Fargo And Mn owns 1,000 shares. Jpmorgan Chase And Company owns 7,012 shares. Moreover, Morgan Stanley has 0% invested in On Track Innovations Ltd. (NASDAQ:OTIV). Renaissance Technologies Ltd Llc accumulated 0% or 592,000 shares.

Analysts await On Track Innovations Ltd. (NASDAQ:OTIV) to report earnings on May, 9. They expect $-0.01 earnings per share, up 50.00% or $0.01 from last year’s $-0.02 per share. After $-0.01 actual earnings per share reported by On Track Innovations Ltd. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Beutel Goodman & Co Ltd, which manages about $36.47 billion and $14.72B US Long portfolio, decreased its stake in Agrium Inc (NYSE:AGU) by 14,073 shares to 4.41M shares, valued at $509.42M in 2017Q4, according to the filing. It also reduced its holding in Ameriprise Financial (NYSE:AMP) by 324,379 shares in the quarter, leaving it with 713,789 shares, and cut its stake in Cameco Corp (NYSE:CCJ).

Investors sentiment increased to 1.1 in 2017 Q4. Its up 0.21, from 0.89 in 2017Q3. It is positive, as 42 investors sold LLY shares while 380 reduced holdings. 117 funds opened positions while 346 raised stakes. 827.08 million shares or 0.09% less from 827.83 million shares in 2017Q3 were reported. M&T Natl Bank Corp has invested 0.13% in Eli Lilly and Company (NYSE:LLY). Waldron Limited Partnership has invested 0.09% in Eli Lilly and Company (NYSE:LLY). 123.08M are held by Lilly Endowment. Salem Management accumulated 5,567 shares. Whittier Tru Company Of Nevada Inc reported 8,292 shares. S&Co, a Massachusetts-based fund reported 8,995 shares. Buckingham Asset Mngmt Limited Liability Corporation owns 3,884 shares. Parametric Assoc Limited Liability Company holds 0.2% or 2.37M shares. Meritage Mgmt accumulated 5,001 shares. 31,665 were accumulated by Tobam. Mitsubishi Ufj Secs Limited has invested 0.28% in Eli Lilly and Company (NYSE:LLY). Navellier And Associates invested 0.06% of its portfolio in Eli Lilly and Company (NYSE:LLY). Tradition Capital Mgmt owns 10,785 shares or 0.25% of their US portfolio. Rmb Lc owns 14,159 shares or 0.03% of their US portfolio. Mutual Of Omaha Bank & Trust Wealth reported 0.1% in Eli Lilly and Company (NYSE:LLY).

Among 22 analysts covering Eli Lilly and Company (NYSE:LLY), 13 have Buy rating, 1 Sell and 8 Hold. Therefore 59% are positive. Eli Lilly and Company had 101 analyst reports since July 23, 2015 according to SRatingsIntel. The stock of Eli Lilly and Company (NYSE:LLY) earned “Buy” rating by Goldman Sachs on Tuesday, September 27. The company was maintained on Friday, August 4 by BMO Capital Markets. The firm earned “Hold” rating on Tuesday, January 16 by Goldman Sachs. The firm earned “Buy” rating on Thursday, November 16 by Jefferies. Jefferies maintained the shares of LLY in report on Friday, April 13 with “Buy” rating. Societe Generale initiated the stock with “Hold” rating in Wednesday, April 6 report. The stock has “Underperform” rating by BMO Capital Markets on Tuesday, October 10. The stock of Eli Lilly and Company (NYSE:LLY) has “Sell” rating given on Monday, November 13 by BMO Capital Markets. On Friday, November 25 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The stock has “Buy” rating by SunTrust on Wednesday, June 14.

Eli Lilly and Company (NYSE:LLY) Institutional Positions Chart

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