Todd Asset Management Cut Its Stake in Icon Plc (ICLR) by $3.94 Million; Convergence Investment Partners Increased Wellcare Health Plans (WCG) Stake by $533,253 as Valuation Declined

April 17, 2018 - By Marie Mckinney

ICON Public Limited Company (NASDAQ:ICLR) Logo

Todd Asset Management Llc decreased its stake in Icon Plc (ICLR) by 12.85% based on its latest 2017Q4 regulatory filing with the SEC. Todd Asset Management Llc sold 35,186 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 238,707 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $26.77M, down from 273,893 at the end of the previous reported quarter. Todd Asset Management Llc who had been investing in Icon Plc for a number of months, seems to be less bullish one the $6.50 billion market cap company. The stock increased 0.75% or $0.89 during the last trading session, reaching $120.18. About 134,941 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 52.69% since April 17, 2017 and is uptrending. It has outperformed by 41.14% the S&P500.

Convergence Investment Partners Llc increased its stake in Wellcare Health Plans Inc (WCG) by 18.49% based on its latest 2017Q4 regulatory filing with the SEC. Convergence Investment Partners Llc bought 2,653 shares as the company’s stock declined 4.59% with the market. The institutional investor held 17,003 shares of the health care company at the end of 2017Q4, valued at $3.42M, up from 14,350 at the end of the previous reported quarter. Convergence Investment Partners Llc who had been investing in Wellcare Health Plans Inc for a number of months, seems to be bullish on the $9.02B market cap company. The stock increased 1.76% or $3.49 during the last trading session, reaching $201.6. About 186,555 shares traded. WellCare Health Plans, Inc. (NYSE:WCG) has risen 36.99% since April 17, 2017 and is uptrending. It has outperformed by 25.44% the S&P500.

Among 19 analysts covering Wellcare Health Plans Inc. (NYSE:WCG), 13 have Buy rating, 0 Sell and 6 Hold. Therefore 68% are positive. Wellcare Health Plans Inc. had 50 analyst reports since July 23, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Goldman Sachs given on Tuesday, December 13. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Buy” rating given on Thursday, July 13 by Deutsche Bank. As per Wednesday, June 7, the company rating was initiated by Morgan Stanley. The firm has “Equal-Weight” rating given on Wednesday, February 7 by Morgan Stanley. Bank of America maintained it with “Neutral” rating and $215 target in Friday, November 17 report. Cowen & Co maintained WellCare Health Plans, Inc. (NYSE:WCG) on Tuesday, January 23 with “Buy” rating. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by Deutsche Bank on Monday, November 20. Wells Fargo upgraded the shares of WCG in report on Wednesday, March 21 to “Outperform” rating. The stock of WellCare Health Plans, Inc. (NYSE:WCG) has “Hold” rating given on Wednesday, January 3 by Jefferies. The stock of WellCare Health Plans, Inc. (NYSE:WCG) earned “Buy” rating by Cantor Fitzgerald on Thursday, August 24.

Convergence Investment Partners Llc, which manages about $492.68 million and $744.79 million US Long portfolio, decreased its stake in United Technologies Corp (NYSE:UTX) by 29,737 shares to 1,619 shares, valued at $206,000 in 2017Q4, according to the filing. It also reduced its holding in Cogent Communications Hldgs (NASDAQ:CCOI) by 53,625 shares in the quarter, leaving it with 22,344 shares, and cut its stake in Kelly Svcs Inc (NASDAQ:KELYA).

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.02, from 1.15 in 2017Q3. It is negative, as 16 investors sold WCG shares while 116 reduced holdings. 60 funds opened positions while 89 raised stakes. 42.30 million shares or 2.83% less from 43.53 million shares in 2017Q3 were reported. Northwestern Mutual Wealth Communication owns 0% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 94 shares. Thompson Siegel Walmsley Ltd Limited Liability Company owns 0% invested in WellCare Health Plans, Inc. (NYSE:WCG) for 9 shares. Earnest Prtn Ltd reported 36 shares. Texas Permanent School Fund holds 0.08% or 30,095 shares in its portfolio. Moreover, Canada Pension Plan Invest Board has 0.01% invested in WellCare Health Plans, Inc. (NYSE:WCG). Peak6 Invs Lp holds 1,528 shares. 10,628 are owned by Laurion Ltd Partnership. Dekabank Deutsche Girozentrale stated it has 12,360 shares. Arrowstreet Ltd Partnership reported 248,949 shares or 0.12% of all its holdings. Hsbc Pcl has invested 0% in WellCare Health Plans, Inc. (NYSE:WCG). Bluemountain Capital Mngmt Ltd Company invested in 0.38% or 93,489 shares. First Mercantile Tru owns 4,744 shares. Citadel Advsrs Ltd Limited Liability Company holds 0.01% of its portfolio in WellCare Health Plans, Inc. (NYSE:WCG) for 59,064 shares. Massachusetts Ma accumulated 0.02% or 252,818 shares. Liberty Mutual Grp Inc Asset Mgmt stated it has 14,442 shares or 0.08% of all its holdings.

Among 12 analysts covering Icon plc (NASDAQ:ICLR), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Icon plc had 40 analyst reports since July 29, 2015 according to SRatingsIntel. The stock has “Hold” rating by Suntrust Robinson on Friday, December 16. SunTrust maintained the stock with “Buy” rating in Monday, October 30 report. The rating was maintained by Jefferies with “Buy” on Tuesday, January 9. Evercore downgraded the shares of ICLR in report on Tuesday, April 3 to “In-Line” rating. Goldman Sachs upgraded it to “Buy” rating and $90 target in Friday, December 16 report. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Buy” rating given on Thursday, February 15 by Robert W. Baird. The company was downgraded on Friday, June 3 by Jefferies. Mizuho maintained the shares of ICLR in report on Thursday, February 15 with “Hold” rating. The firm has “Buy” rating by KeyBanc Capital Markets given on Monday, November 13. The firm earned “Buy” rating on Monday, October 16 by Credit Suisse.

WellCare Health Plans, Inc. (NYSE:WCG) Institutional Positions Chart

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