As Fresenius Medical Care Ag And Co Kgaa (FMS) Share Value Declined, Marathon Asset Management Llp Decreased Stake by $840,632; Chemung Financial (CHMG) Shares Declined While Chemung Canal Trust Company Has Lifted Holding by $1.65 Million

May 5, 2018 - By Vivian Park

Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) Logo

Bruce J. Richards decreased its stake in Fresenius Medical Care Ag And Co Kgaa (FMS) by 2.6% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Asset Management Llp sold 16,166 shares as the company’s stock declined 4.47% with the market. The hedge fund run by Bruce J. Richards held 606,508 shares of the hospital and nursing management company at the end of 2017Q4, valued at $32.01M, down from 622,674 at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Fresenius Medical Care Ag And Co Kgaa for a number of months, seems to be less bullish one the $31.34B market cap company. It closed at $50.04 lastly. It is up 18.90% since May 5, 2017 and is uptrending. It has outperformed by 7.35% the S&P500.

Chemung Canal Trust Company increased its stake in Chemung Financial Corp (CHMG) by 8.67% based on its latest 2017Q4 regulatory filing with the SEC. Chemung Canal Trust Company bought 34,451 shares as the company’s stock declined 8.28% with the market. The institutional investor held 431,685 shares of the major banks company at the end of 2017Q4, valued at $20.76M, up from 397,234 at the end of the previous reported quarter. Chemung Canal Trust Company who had been investing in Chemung Financial Corp for a number of months, seems to be bullish on the $233.87 million market cap company. The stock increased 1.55% or $0.74 during the last trading session, reaching $48.5. About 10,668 shares traded or 204.54% up from the average. Chemung Financial Corporation (NASDAQ:CHMG) has risen 22.83% since May 5, 2017 and is uptrending. It has outperformed by 11.28% the S&P500.

Among 9 analysts covering Fresenius Medical (NYSE:FMS), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Fresenius Medical had 18 analyst reports since July 31, 2015 according to SRatingsIntel. The stock of Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) earned “Buy” rating by Goldman Sachs on Tuesday, September 22. The company was maintained on Wednesday, July 5 by RBC Capital Markets. On Thursday, November 2 the stock rating was maintained by RBC Capital Markets with “Hold”. The rating was downgraded by Morgan Stanley to “Equal-Weight” on Monday, December 11. The company was maintained on Friday, July 31 by RBC Capital Markets. Goldman Sachs upgraded the shares of FMS in report on Thursday, September 3 to “Buy” rating. The stock of Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) earned “Hold” rating by Jefferies on Friday, July 8. RBC Capital Markets maintained the stock with “Sector Perform” rating in Wednesday, November 4 report. Societe Generale downgraded the stock to “Buy” rating in Thursday, August 13 report. As per Monday, August 7, the company rating was maintained by RBC Capital Markets.

More notable recent Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) news were published by: Seekingalpha.com which released: “Akorn takes issue with Fresenius’ planned exit from merger; shares down 34% premarket” on April 23, 2018, also Benzinga.com with their article: “Benzinga’s Top Upgrades, Downgrades For April 24, 2018” published on April 24, 2018, Foxbusiness.com published: “Here’s Why Akorn Inc Fell as Much as 16.4% Today” on May 03, 2018. More interesting news about Fresenius Medical Care AG & Co. KGaA (NYSE:FMS) were released by: Seekingalpha.com and their article: “Fresenius Medical Care AG & Co. KGaA (FMS) Q1 2018 Results – Earnings Call Transcript” published on May 03, 2018 as well as Prnewswire.com‘s news article titled: “RenalSense Announces Distribution Agreement With Fresenius Medical Care” with publication date: April 30, 2018.

Marathon Asset Management Llp, which manages about $50.94 billion and $6.49B US Long portfolio, upped its stake in Costco Wholesale Corp (NASDAQ:COST) by 4,263 shares to 259,199 shares, valued at $48.25 million in 2017Q4, according to the filing. It also increased its holding in Dolby Laboratories Inc (NYSE:DLB) by 8,877 shares in the quarter, for a total of 565,109 shares, and has risen its stake in Aflac Inc (NYSE:AFL).

Chemung Canal Trust Company, which manages about $457.90M US Long portfolio, decreased its stake in Colgate Palmolive (NYSE:CL) by 12,572 shares to 10,221 shares, valued at $771,000 in 2017Q4, according to the filing. It also reduced its holding in Enbridge (NYSE:ENB) by 17,308 shares in the quarter, leaving it with 7,500 shares, and cut its stake in Powershares (QQQ).

Another recent and important Chemung Financial Corporation (NASDAQ:CHMG) news was published by Globenewswire.com which published an article titled: “Chemung Financial Corporation Reports First Quarter 2018 Net Income of $4.4 Million, or $0.92 per Share” on April 18, 2018.

Investors sentiment decreased to 2.75 in 2017 Q4. Its down 0.81, from 3.56 in 2017Q3. It is negative, as 3 investors sold CHMG shares while 9 reduced holdings. 10 funds opened positions while 23 raised stakes. 1.54 million shares or 46.56% less from 2.88 million shares in 2017Q3 were reported. Amer International Group Inc Inc stated it has 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Vantage Inv Ltd Llc reported 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Geode Ltd Llc holds 0% or 25,566 shares in its portfolio. Federated Pa holds 527 shares. 765 are held by Royal Bancshares Of Canada. Morgan Stanley, a New York-based fund reported 14,834 shares. Hotchkis And Wiley Cap Mngmt Ltd holds 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG) for 7,910 shares. Wells Fargo And Mn reported 8,872 shares or 0% of all its holdings. Stone Ridge Asset Management Limited Liability Corporation stated it has 0.02% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Renaissance Technology Ltd Com stated it has 0% in Chemung Financial Corporation (NASDAQ:CHMG). New York State Common Retirement Fund stated it has 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Moreover, Ameritas Inv Prtnrs has 0% invested in Chemung Financial Corporation (NASDAQ:CHMG) for 245 shares. Macquarie Group Inc invested 0% of its portfolio in Chemung Financial Corporation (NASDAQ:CHMG). Ontario – Canada-based Manufacturers Life Ins The has invested 0% in Chemung Financial Corporation (NASDAQ:CHMG). Strs Ohio invested in 0% or 7,800 shares.

Chemung Financial Corporation (NASDAQ:CHMG) Institutional Positions Chart

Echostar Corporation-Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


>