Hamilton Lane Advisors Has Increased Abiomed (ABMD) Position by $1.46 Million; Stock Value Rose; Resolute Fst Prods (RFP) Shareholder Chou Associates Management Has Trimmed Its Holding by $4.03 Million as Share Price Declined

May 24, 2018 - By Adrian Erickson

Resolute Forest Products Inc. (NYSE:RFP) Logo

Hamilton Lane Advisors Llc increased its stake in Abiomed Inc. (ABMD) by 50.78% based on its latest 2017Q4 regulatory filing with the SEC. Hamilton Lane Advisors Llc bought 7,827 shares as the company’s stock rose 49.46% while stock markets declined. The institutional investor held 23,241 shares of the health care company at the end of 2017Q4, valued at $4.36M, up from 15,414 at the end of the previous reported quarter. Hamilton Lane Advisors Llc who had been investing in Abiomed Inc. for a number of months, seems to be bullish on the $17.55 billion market cap company. The stock decreased 0.03% or $0.115 during the last trading session, reaching $395.405. About 349,089 shares traded. ABIOMED, Inc. (NASDAQ:ABMD) has risen 128.67% since May 24, 2017 and is uptrending. It has outperformed by 117.12% the S&P500.

Francis Chou decreased its stake in Resolute Fst Prods Inc (RFP) by 7.39% based on its latest 2017Q4 regulatory filing with the SEC. Chou Associates Management Inc sold 366,591 shares as the company’s stock declined 22.22% with the market. The hedge fund run by Francis Chou held 4.60 million shares of the paper company at the end of 2017Q4, valued at $50.80 million, down from 4.96 million at the end of the previous reported quarter. Chou Associates Management Inc who had been investing in Resolute Fst Prods Inc for a number of months, seems to be less bullish one the $947.20M market cap company. The stock decreased 2.10% or $0.22 during the last trading session, reaching $10.48. About 284,883 shares traded or 3.90% up from the average. Resolute Forest Products Inc. (NYSE:RFP) has risen 73.20% since May 24, 2017 and is uptrending. It has outperformed by 61.65% the S&P500.

Among 4 analysts covering Resolute Forest Products (NYSE:RFP), 0 have Buy rating, 0 Sell and 4 Hold. Therefore 0 are positive. Resolute Forest Products had 22 analyst reports since October 21, 2015 according to SRatingsIntel. The firm has “Hold” rating by Scotia Capital given on Wednesday, May 23. On Thursday, February 1 the stock rating was maintained by RBC Capital Markets with “Hold”. On Wednesday, April 19 the stock rating was maintained by RBC Capital Markets with “Hold”. Scotia Capital downgraded the stock to “Sector Underperform” rating in Thursday, January 5 report. RBC Capital Markets upgraded the shares of RFP in report on Friday, February 5 to “Outperform” rating. As per Monday, April 25, the company rating was downgraded by RBC Capital Markets. IBC upgraded the stock to “Outperformer” rating in Friday, November 3 report. The firm has “Hold” rating given on Sunday, October 8 by RBC Capital Markets. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) rating on Thursday, January 11. RBC Capital Markets has “Hold” rating and $10.0 target. RBC Capital Markets maintained Resolute Forest Products Inc. (NYSE:RFP) on Sunday, July 30 with “Hold” rating.

More news for Resolute Forest Products Inc. (NYSE:RFP) were recently published by: Seekingalpha.com, which released: “Resolute Forest Products’ (RFP) CEO Yves Laflamme on Q1 2018 Results – Earnings Call Transcript” on May 03, 2018. Seekingalpha.com‘s article titled: “Tracking Prem Watsa’s Fairfax Financial Holdings Portfolio – Q1 2018 Update” and published on May 17, 2018 is yet another important article.

More news for ABIOMED, Inc. (NASDAQ:ABMD) were recently published by: Benzinga.com, which released: “Abiomed Earnings Outlook” on May 02, 2018. Seekingalpha.com‘s article titled: “ABIOMED (ABMD) Q4 2018 Results – Earnings Call Transcript” and published on May 03, 2018 is yet another important article.

Since February 20, 2018, it had 0 insider buys, and 5 selling transactions for $31.65 million activity. 22,790 ABIOMED, Inc. (NASDAQ:ABMD) shares with value of $7.93 million were sold by BOLT WILLIAM J. Howley Michael G sold $6.09M worth of ABIOMED, Inc. (NASDAQ:ABMD) on Monday, May 7. Greenfield Andrew J sold $5.41 million worth of stock or 20,000 shares. $4.70 million worth of ABIOMED, Inc. (NASDAQ:ABMD) was sold by PUHY DOROTHY E on Monday, May 7.

Hamilton Lane Advisors Llc, which manages about $193.60 million US Long portfolio, decreased its stake in Box Inc. Class A by 67,761 shares to 258,814 shares, valued at $5.47M in 2017Q4, according to the filing. It also reduced its holding in Twilio Inc. by 83,130 shares in the quarter, leaving it with 35,798 shares, and cut its stake in Nutanix Inc..

Resolute Forest Products Inc. (NYSE:RFP) Institutional Positions Chart

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