Rhenman & Partners Asset Management Ab Boosted Its Amerisourcebergen (ABC) Stake; Barrow Hanley Mewhinney & Strauss Boosted Celanese (CE) Holding by $5.57 Million

April 20, 2018 - By Nellie Frank

Celanese Corporation (NYSE:CE) Logo

Rhenman & Partners Asset Management Ab increased its stake in Amerisourcebergen Corp (ABC) by 117.83% based on its latest 2017Q4 regulatory filing with the SEC. Rhenman & Partners Asset Management Ab bought 94,261 shares as the company’s stock declined 9.14% with the market. The institutional investor held 174,261 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $16.00 million, up from 80,000 at the end of the previous reported quarter. Rhenman & Partners Asset Management Ab who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $19.63 billion market cap company. The stock decreased 2.55% or $2.34 during the last trading session, reaching $89.35. About 365,250 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since April 20, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Barrow Hanley Mewhinney & Strauss Llc increased its stake in Celanese Corp (CE) by 2.42% based on its latest 2017Q4 regulatory filing with the SEC. Barrow Hanley Mewhinney & Strauss Llc bought 52,102 shares as the company’s stock declined 7.31% with the market. The institutional investor held 2.20M shares of the major chemicals company at the end of 2017Q4, valued at $235.90 million, up from 2.15 million at the end of the previous reported quarter. Barrow Hanley Mewhinney & Strauss Llc who had been investing in Celanese Corp for a number of months, seems to be bullish on the $15.06 billion market cap company. The stock decreased 0.30% or $0.33 during the last trading session, reaching $110.86. About 338,186 shares traded. Celanese Corporation (NYSE:CE) has risen 9.78% since April 20, 2017 and is uptrending. It has underperformed by 1.77% the S&P500.

Among 18 analysts covering Celanese (NYSE:CE), 13 have Buy rating, 1 Sell and 4 Hold. Therefore 72% are positive. Celanese had 72 analyst reports since September 1, 2015 according to SRatingsIntel. The company was initiated on Tuesday, March 27 by BMO Capital Markets. RBC Capital Markets initiated the stock with “Sector Perform” rating in Wednesday, October 14 report. On Monday, January 25 the stock rating was maintained by Barclays Capital with “Overweight”. The firm earned “Buy” rating on Tuesday, October 10 by Robert W. Baird. The company was upgraded on Tuesday, January 5 by Citigroup. KeyBanc Capital Markets maintained the stock with “Overweight” rating in Monday, October 16 report. On Wednesday, October 18 the stock rating was maintained by Citigroup with “Buy”. The stock has “Buy” rating by Robert W. Baird on Monday, January 29. Alembic maintained the stock with “Sell” rating in Monday, July 24 report. On Monday, January 29 the stock rating was maintained by KeyBanc Capital Markets with “Buy”.

Barrow Hanley Mewhinney & Strauss Llc, which manages about $91.02 billion and $67.02B US Long portfolio, decreased its stake in Hibbett Sports Inc (NASDAQ:HIBB) by 110,318 shares to 97,675 shares, valued at $1.99M in 2017Q4, according to the filing. It also reduced its holding in Insight Enterprises Inc (NASDAQ:NSIT) by 26,114 shares in the quarter, leaving it with 165,469 shares, and cut its stake in Carbo Ceramics Inc (NYSE:CRR).

Investors sentiment increased to 1.05 in 2017 Q4. Its up 0.14, from 0.91 in 2017Q3. It increased, as 29 investors sold CE shares while 142 reduced holdings. 54 funds opened positions while 126 raised stakes. 125.13 million shares or 1.30% less from 126.78 million shares in 2017Q3 were reported. Pensionfund Dsm Netherlands has 0.48% invested in Celanese Corporation (NYSE:CE) for 32,000 shares. Ahl Partners Ltd Liability Partnership stated it has 0.21% in Celanese Corporation (NYSE:CE). Impax Asset Management Ltd owns 37,000 shares. Connable Office holds 0.05% of its portfolio in Celanese Corporation (NYSE:CE) for 2,363 shares. Investment Counselors Of Maryland Ltd Liability Corp has invested 0.01% in Celanese Corporation (NYSE:CE). Caisse De Depot Et Placement Du Quebec accumulated 25,100 shares or 0.01% of the stock. Huntington National Bank & Trust holds 0% or 2,334 shares. Icon Advisers Co holds 0.13% or 17,000 shares in its portfolio. Franklin Resources invested in 0.07% or 1.28M shares. Oregon Pub Employees Retirement Fund reported 0.06% stake. The Florida-based Raymond James Financial Service Advisors has invested 0% in Celanese Corporation (NYSE:CE). Delaware-based Dupont Capital Mgmt has invested 0.08% in Celanese Corporation (NYSE:CE). Daiwa invested in 4,200 shares or 0% of the stock. Marble Harbor Inv Counsel Limited Liability Com stated it has 5,700 shares. 3,555 are held by Green Square Cap Lc.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. The rating was maintained by Robert W. Baird with “Buy” on Monday, November 6. FBR Capital maintained it with “Mkt Perform” rating and $100 target in Thursday, February 4 report. The firm has “Outperform” rating by Cowen & Co given on Tuesday, October 10. The firm has “Buy” rating given on Friday, December 1 by Robert W. Baird. The firm has “Mkt Outperform” rating given on Tuesday, October 4 by Avondale. The firm has “Mkt Perform” rating by FBR Capital given on Friday, May 6. The firm has “Buy” rating given on Friday, November 3 by Needham. Morgan Stanley downgraded it to “Equal-Weight” rating and $9 target in Thursday, September 14 report. TheStreet upgraded the stock to “Buy” rating in Monday, July 27 report. The firm has “Buy” rating by UBS given on Friday, February 5.

Celanese Corporation (NYSE:CE) Institutional Positions Chart

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