Baxter Intl (BAX) Holder Partner Fund Management LP Has Lowered Its Position as Market Valuation Rose; Odey Asset Management Group LTD Holds Holding in Rowan Companies Plc (RDC)

April 25, 2018 - By Vivian Park

Rowan Companies plc (NYSE:RDC) Logo

Christopher Medlock James decreased its stake in Baxter Intl Inc (BAX) by 22.44% based on its latest 2017Q4 regulatory filing with the SEC. Partner Fund Management Lp sold 368,651 shares as the company’s stock rose 0.23% while stock markets declined. The hedge fund run by Christopher Medlock James held 1.27 million shares of the medical and dental instruments company at the end of 2017Q4, valued at $82.35 million, down from 1.64M at the end of the previous reported quarter. Partner Fund Management Lp who had been investing in Baxter Intl Inc for a number of months, seems to be less bullish one the $35.58 billion market cap company. The stock decreased 1.53% or $1.03 during the last trading session, reaching $66.15. About 3.79M shares traded or 17.24% up from the average. Baxter International Inc. (NYSE:BAX) has risen 25.16% since April 25, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Crispin Odey increased its stake in Rowan Companies Plc (RDC) by 93.76% based on its latest 2017Q4 regulatory filing with the SEC. Odey Asset Management Group Ltd bought 4.91M shares as the company’s stock declined 25.51% with the market. The hedge fund run by Crispin Odey held 10.14 million shares of the oil & gas production company at the end of 2017Q4, valued at $158.79 million, up from 5.23M at the end of the previous reported quarter. Odey Asset Management Group Ltd who had been investing in Rowan Companies Plc for a number of months, seems to be bullish on the $1.92B market cap company. The stock decreased 0.53% or $0.08 during the last trading session, reaching $15.11. About 1.98M shares traded. Rowan Companies plc (NYSE:RDC) has declined 22.59% since April 25, 2017 and is downtrending. It has underperformed by 34.14% the S&P500.

Among 20 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Baxter International had 56 analyst reports since July 30, 2015 according to SRatingsIntel. BMO Capital Markets maintained the shares of BAX in report on Monday, November 13 with “Buy” rating. The rating was maintained by Stifel Nicolaus with “Hold” on Monday, February 5. The rating was initiated by Citigroup with “Hold” on Thursday, August 17. The stock of Baxter International Inc. (NYSE:BAX) has “Sector Perform” rating given on Wednesday, October 26 by RBC Capital Markets. The rating was initiated by Barclays Capital on Thursday, September 15 with “Overweight”. RBC Capital Markets maintained it with “Sector Perform” rating and $40 target in Wednesday, February 3 report. On Tuesday, September 22 the stock rating was initiated by UBS with “Neutral”. The firm has “Hold” rating given on Friday, July 31 by S&P Research. BMO Capital Markets maintained Baxter International Inc. (NYSE:BAX) rating on Wednesday, October 11. BMO Capital Markets has “Buy” rating and $70.0 target. The firm earned “Buy” rating on Thursday, February 1 by BMO Capital Markets.

Since March 2, 2018, it had 0 buys, and 5 insider sales for $5.13 million activity. The insider Shapazian Carole J sold $329,590. HELLMAN PETER S sold $243,408 worth of stock or 3,760 shares. $3.10M worth of stock was sold by STORM KORNELIS J. on Wednesday, March 28. Shares for $243,443 were sold by STROUCKEN ALBERT P L on Monday, April 2.

Partner Fund Management Lp, which manages about $4.22 billion US Long portfolio, upped its stake in Unitedhealth Group Inc (NYSE:UNH) by 67,336 shares to 372,408 shares, valued at $82.10M in 2017Q4, according to the filing. It also increased its holding in Zendesk Inc (NYSE:ZEN) by 354,931 shares in the quarter, for a total of 1.34 million shares, and has risen its stake in Puma Biotechnology Inc (NYSE:PBYI).

Investors sentiment is 0.97 in Q4 2017. Its the same as in 2017Q3. It is without change, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Wetherby Asset owns 12,408 shares for 0.11% of their portfolio. Kcm Invest Advsr Limited holds 0.03% of its portfolio in Baxter International Inc. (NYSE:BAX) for 6,745 shares. Hbk Invs LP has 32,967 shares. West Oak Cap Lc has invested 0.28% in Baxter International Inc. (NYSE:BAX). Charter Trust stated it has 23,024 shares or 0.17% of all its holdings. Wheatland Advsrs accumulated 42,299 shares. Moreover, Peoples Services Corporation has 0.5% invested in Baxter International Inc. (NYSE:BAX) for 14,200 shares. Arizona State Retirement reported 0.17% in Baxter International Inc. (NYSE:BAX). Cubist Systematic Strategies holds 0.15% or 42,808 shares in its portfolio. Community Bankshares Na owns 0.01% invested in Baxter International Inc. (NYSE:BAX) for 1,655 shares. Bkd Wealth holds 0.26% or 40,047 shares in its portfolio. 438 are owned by Shamrock Asset Management. Triangle Securities Wealth reported 4,375 shares. New England Professional Planning Inc owns 0.26% invested in Baxter International Inc. (NYSE:BAX) for 3,097 shares. Gsa Cap Prtn Llp owns 12,522 shares.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on April, 26 before the open. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. BAX’s profit will be $333.44M for 26.67 P/E if the $0.62 EPS becomes a reality. After $0.64 actual EPS reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Odey Asset Management Group Ltd, which manages about $1.10 billion US Long portfolio, decreased its stake in Kinross Gold Corp (NYSE:KGC) by 4.41 million shares to 20.77M shares, valued at $89.72 million in 2017Q4, according to the filing. It also reduced its holding in Franco Nevada Corp (NYSE:FNV) by 10,655 shares in the quarter, leaving it with 194,196 shares, and cut its stake in Nutri Sys Inc New (NASDAQ:NTRI).

Among 33 analysts covering Rowan Companies Inc. (NYSE:RDC), 7 have Buy rating, 4 Sell and 22 Hold. Therefore 21% are positive. Rowan Companies Inc. had 103 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating by Piper Jaffray given on Friday, November 3. The rating was upgraded by Johnson Rice on Monday, June 13 to “Buy”. The firm earned “Hold” rating on Thursday, March 1 by RBC Capital Markets. BMO Capital Markets maintained Rowan Companies plc (NYSE:RDC) on Tuesday, October 17 with “Hold” rating. KeyBanc Capital Markets initiated the shares of RDC in report on Friday, October 9 with “Sector Weight” rating. The stock of Rowan Companies plc (NYSE:RDC) earned “Hold” rating by Jefferies on Thursday, January 4. As per Thursday, November 3, the company rating was maintained by FBR Capital. The firm has “Hold” rating by RBC Capital Markets given on Friday, October 6. Nomura maintained it with “Neutral” rating and $13 target in Thursday, August 3 report. The rating was maintained by Susquehanna with “Hold” on Thursday, March 1.

Investors sentiment increased to 0.95 in Q4 2017. Its up 0.25, from 0.7 in 2017Q3. It is positive, as 24 investors sold RDC shares while 77 reduced holdings. 39 funds opened positions while 57 raised stakes. 127.30 million shares or 1.57% less from 129.33 million shares in 2017Q3 were reported. Qs Investors Limited Liability Corporation has 10,348 shares for 0% of their portfolio. Axa accumulated 17,600 shares. Ameritas Partners has invested 0.03% in Rowan Companies plc (NYSE:RDC). Lsv Asset Mgmt holds 0.04% of its portfolio in Rowan Companies plc (NYSE:RDC) for 1.52 million shares. Swiss Bankshares owns 202,000 shares. Texas-based Dimensional Fund Advisors Limited Partnership has invested 0.06% in Rowan Companies plc (NYSE:RDC). The Delaware-based Riverhead Cap Mgmt Ltd Llc has invested 0.01% in Rowan Companies plc (NYSE:RDC). Grantham Mayo Van Otterloo & Communication Llc stated it has 0.01% in Rowan Companies plc (NYSE:RDC). Sg Americas Secs Ltd Co holds 0% or 24,131 shares. Tci Wealth Advisors invested in 67 shares. State Board Of Administration Of Florida Retirement Sys has 111,161 shares for 0% of their portfolio. Prelude Capital Ltd Limited Liability Company reported 35,603 shares stake. Oregon Pub Employees Retirement Fund owns 42,287 shares. Johnson Gru Inc Inc holds 0% of its portfolio in Rowan Companies plc (NYSE:RDC) for 400 shares. Contrarius Inv Mngmt Limited reported 2.37% of its portfolio in Rowan Companies plc (NYSE:RDC).

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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