Montgomery Investment Management Has Decreased Its Torchmark (TMK) Position by $496,980; Market Valuation Declined; As Akorn (AKRX) Market Valuation Declined, Holder Omni Partners Llp Decreased Its Stake

April 17, 2018 - By Maria Brooks

Omni Partners Llp decreased its stake in Akorn Inc (AKRX) by 11.27% based on its latest 2017Q4 regulatory filing with the SEC. Omni Partners Llp sold 43,564 shares as the company’s stock declined 40.46% with the market. The hedge fund held 343,008 shares of the health care company at the end of 2017Q4, valued at $11.06 million, down from 386,572 at the end of the previous reported quarter. Omni Partners Llp who had been investing in Akorn Inc for a number of months, seems to be less bullish one the $2.34B market cap company. The stock increased 1.41% or $0.26 during the last trading session, reaching $18.69. About 685,695 shares traded. Akorn, Inc. (NASDAQ:AKRX) has declined 20.35% since April 17, 2017 and is downtrending. It has underperformed by 31.90% the S&P500.

Montgomery Investment Management Inc decreased its stake in Torchmark Corporation (TMK) by 28.29% based on its latest 2017Q4 regulatory filing with the SEC. Montgomery Investment Management Inc sold 5,522 shares as the company’s stock declined 8.29% with the market. The institutional investor held 14,000 shares of the life insurance company at the end of 2017Q4, valued at $1.27M, down from 19,522 at the end of the previous reported quarter. Montgomery Investment Management Inc who had been investing in Torchmark Corporation for a number of months, seems to be less bullish one the $9.69B market cap company. The stock increased 0.89% or $0.75 during the last trading session, reaching $85.09. About 631,988 shares traded. Torchmark Corporation (NYSE:TMK) has risen 8.95% since April 17, 2017 and is uptrending. It has underperformed by 2.60% the S&P500.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 4 have Buy rating, 2 Sell and 10 Hold. Therefore 25% are positive. Akorn Inc had 40 analyst reports since July 21, 2015 according to SRatingsIntel. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Hold” rating given on Thursday, March 29 by RBC Capital Markets. On Tuesday, August 29 the stock rating was maintained by Piper Jaffray with “Hold”. The firm has “Hold” rating by Jefferies given on Friday, May 26. Susquehanna maintained the shares of AKRX in report on Wednesday, March 23 with “Neutral” rating. The stock of Akorn, Inc. (NASDAQ:AKRX) earned “Hold” rating by Jefferies on Friday, October 27. The rating was initiated by Susquehanna on Tuesday, July 21 with “Neutral”. Jefferies maintained Akorn, Inc. (NASDAQ:AKRX) on Wednesday, March 23 with “Buy” rating. Susquehanna maintained the stock with “Hold” rating in Thursday, March 15 report. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, August 8 report. As per Monday, November 7, the company rating was downgraded by Bank of America.

Since October 26, 2017, it had 0 insider purchases, and 20 sales for $35.59 million activity. 5,000 shares were sold by HUTCHISON LARRY M, worth $420,961. 595 Torchmark Corporation (NYSE:TMK) shares with value of $50,616 were sold by ZUCCONI PAUL J. 7,500 Torchmark Corporation (NYSE:TMK) shares with value of $635,294 were sold by MAJORS MICHAEL CLAY. 12,750 shares were sold by Darden James Matthew, worth $1.16 million on Thursday, January 4. MATSON KENNETH J sold $2.59 million worth of Torchmark Corporation (NYSE:TMK) on Thursday, January 4. 12,375 shares valued at $1.08M were sold by SVOBODA FRANK M on Monday, March 12.

Among 12 analysts covering Torchmark Corporation (NYSE:TMK), 1 have Buy rating, 4 Sell and 7 Hold. Therefore 8% are positive. Torchmark Corporation had 36 analyst reports since July 29, 2015 according to SRatingsIntel. Barclays Capital maintained Torchmark Corporation (NYSE:TMK) rating on Friday, August 11. Barclays Capital has “Underweight” rating and $67 target. As per Monday, May 29, the company rating was maintained by Wood. On Thursday, April 5 the stock rating was maintained by Morgan Stanley with “Underweight”. As per Wednesday, April 11, the company rating was maintained by Keefe Bruyette & Woods. The firm has “Outperform” rating given on Wednesday, January 13 by Wells Fargo. Keefe Bruyette & Woods maintained Torchmark Corporation (NYSE:TMK) rating on Friday, May 26. Keefe Bruyette & Woods has “Hold” rating and $7500 target. The firm earned “Hold” rating on Friday, October 6 by Keefe Bruyette & Woods. The rating was upgraded by Zacks on Tuesday, August 25 to “Sell”. The firm has “Market Perform” rating by FBR Capital given on Monday, August 3. SunTrust maintained it with “Hold” rating and $85 target in Thursday, October 26 report.

Investors sentiment increased to 1 in 2017 Q4. Its up 0.18, from 0.82 in 2017Q3. It is positive, as 27 investors sold TMK shares while 143 reduced holdings. 59 funds opened positions while 111 raised stakes. 79.58 million shares or 0.47% more from 79.21 million shares in 2017Q3 were reported. Panagora Asset stated it has 12,097 shares or 0% of all its holdings. Putnam Investments Limited Liability Company accumulated 0.01% or 52,739 shares. Pensionfund Dsm Netherlands holds 0.49% or 38,400 shares. Suntrust Banks reported 35,430 shares stake. 105 were reported by Whittier Trust Of Nevada. Boston owns 3,825 shares for 0.01% of their portfolio. James Research holds 0.96% in Torchmark Corporation (NYSE:TMK) or 309,684 shares. Pggm Invs reported 261,700 shares. Macquarie Gp Ltd invested 0.03% of its portfolio in Torchmark Corporation (NYSE:TMK). Oakworth reported 0.53% in Torchmark Corporation (NYSE:TMK). Wellington Mgmt Gp Llp accumulated 0.02% or 919,007 shares. Horizon Invs Limited accumulated 19,619 shares. Prospector Ptnrs reported 147,200 shares stake. Moreover, First Quadrant Lp Ca has 0.67% invested in Torchmark Corporation (NYSE:TMK) for 390,931 shares. Fdx Advisors has 3,900 shares for 0.01% of their portfolio.

Torchmark Corporation (NYSE:TMK) Institutional Positions Chart

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