Cambridge Investment Research Advisors Decreased Position in Amerisourcebergen (ABC) by $307,216; Yorkville Capital Management Has Decreased Eqt Midstream Partner (EQM) Stake by $411,720

May 23, 2018 - By wolcottdaily

AmerisourceBergen Corporation (NYSE:ABC) Logo

Yorkville Capital Management Llc decreased its stake in Eqt Midstream Partner (EQM) by 21.95% based on its latest 2017Q4 regulatory filing with the SEC. Yorkville Capital Management Llc sold 5,640 shares as the company’s stock declined 21.10% with the market. The institutional investor held 20,057 shares of the public utilities company at the end of 2017Q4, valued at $1.47 million, down from 25,697 at the end of the previous reported quarter. Yorkville Capital Management Llc who had been investing in Eqt Midstream Partner for a number of months, seems to be less bullish one the $4.62 billion market cap company. The stock increased 2.08% or $1.165 during the last trading session, reaching $57.285. About 432,513 shares traded. EQT Midstream Partners, LP (NYSE:EQM) has declined 25.44% since May 23, 2017 and is downtrending. It has underperformed by 36.99% the S&P500.

Cambridge Investment Research Advisors Inc decreased its stake in Amerisourcebergen (ABC) by 8.75% based on its latest 2017Q4 regulatory filing with the SEC. Cambridge Investment Research Advisors Inc sold 3,376 shares as the company’s stock declined 9.14% with the market. The institutional investor held 35,221 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $3.23 million, down from 38,597 at the end of the previous reported quarter. Cambridge Investment Research Advisors Inc who had been investing in Amerisourcebergen for a number of months, seems to be less bullish one the $18.42B market cap company. The stock decreased 0.85% or $0.72 during the last trading session, reaching $83.79. About 405,127 shares traded. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since May 23, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

More news for EQT Midstream Partners, LP (NYSE:EQM) were recently published by: Seekingalpha.com, which released: “EQT Midstream Partners’ (EQM) CEO Jeremiah Ashcroft on Q1 2018 Results – Earnings Call Transcript” on April 26, 2018. Streetinsider.com‘s article titled: “EQT Midstream Partners (EQM), EQT GP Holdings (EQGP), and Rice Midstream Partners (RMP) Announce Streamlining” and published on April 26, 2018 is yet another important article.

Investors sentiment decreased to 0.99 in Q4 2017. Its down 0.16, from 1.15 in 2017Q3. It turned negative, as 19 investors sold EQM shares while 65 reduced holdings. 26 funds opened positions while 57 raised stakes. 55.72 million shares or 2.06% less from 56.89 million shares in 2017Q3 were reported. Raymond James Financial Services Advsrs owns 44,198 shares for 0.02% of their portfolio. Catawba Cap Management Va owns 4,440 shares or 0.07% of their US portfolio. Linscomb Williams Inc holds 0.03% or 4,374 shares. Hightower Advisors Llc holds 0.05% or 89,693 shares in its portfolio. State Of New Jersey Common Pension Fund D holds 0.04% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM) for 145,500 shares. Mendel Money Management has 44,850 shares. Janney Montgomery Scott Ltd Liability, a Pennsylvania-based fund reported 45,030 shares. 1,000 are held by Lazard Asset Mngmt. Blackrock has invested 0% of its portfolio in EQT Midstream Partners, LP (NYSE:EQM). Country Club Company Na holds 5,366 shares or 0.05% of its portfolio. Nuveen Asset Management Limited Liability owns 0% invested in EQT Midstream Partners, LP (NYSE:EQM) for 7,784 shares. Ancora Lc has invested 0.01% in EQT Midstream Partners, LP (NYSE:EQM). Moreover, Century has 0.08% invested in EQT Midstream Partners, LP (NYSE:EQM) for 1.04M shares. King Luther Capital Management Corp holds 0.01% or 8,800 shares in its portfolio. Westwood Grp Inc Inc has 0.57% invested in EQT Midstream Partners, LP (NYSE:EQM).

Analysts await EQT Midstream Partners, LP (NYSE:EQM) to report earnings on July, 26. They expect $1.38 EPS, up 8.66% or $0.11 from last year’s $1.27 per share. EQM’s profit will be $111.22M for 10.38 P/E if the $1.38 EPS becomes a reality. After $1.61 actual EPS reported by EQT Midstream Partners, LP for the previous quarter, Wall Street now forecasts -14.29% negative EPS growth.

Among 16 analysts covering EQT Midstream Partners (NYSE:EQM), 10 have Buy rating, 0 Sell and 6 Hold. Therefore 63% are positive. EQT Midstream Partners had 44 analyst reports since August 13, 2015 according to SRatingsIntel. The rating was maintained by RBC Capital Markets with “Buy” on Sunday, July 23. The rating was maintained by Stifel Nicolaus on Friday, October 14 with “Hold”. As per Monday, October 9, the company rating was maintained by RBC Capital Markets. The stock of EQT Midstream Partners, LP (NYSE:EQM) earned “Buy” rating by Seaport Global on Monday, April 9. JonesTrading initiated the stock with “Buy” rating in Wednesday, April 25 report. The company was upgraded on Tuesday, February 14 by Morgan Stanley. The company was initiated on Thursday, February 25 by Morgan Stanley. Deutsche Bank maintained the stock with “Buy” rating in Wednesday, November 18 report. The firm earned “Buy” rating on Wednesday, January 17 by Stifel Nicolaus. The rating was upgraded by Wells Fargo to “Outperform” on Friday, January 15.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Streetinsider.com which released: “Glenview Capital Enters AmerisourceBergen (ABC), Express Scripts (ESRX), T-Mobile (TMUS) (more…) -13F” on May 15, 2018, also Bizjournals.com with their article: “Seven Pittsburgh-area companies on 2018’s Fortune 500 list” published on May 22, 2018, Seekingalpha.com published: “3Pea Is A Payment Processor With >40% Organic Growth Selling For Half Of Peer Multiples” on May 23, 2018. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Key events next week – healthcare” published on April 27, 2018 as well as Seekingalpha.com‘s news article titled: “Expanding Medicare drug price negotiation?” with publication date: May 15, 2018.

Cambridge Investment Research Advisors Inc, which manages about $19.96 billion and $8.50 billion US Long portfolio, upped its stake in Spdr Series (TLO) by 52,227 shares to 84,039 shares, valued at $3.08M in 2017Q4, according to the filing. It also increased its holding in Boeing (NYSE:BA) by 5,301 shares in the quarter, for a total of 68,746 shares, and has risen its stake in Ishares Tr Msci Kld400 (DSI).

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on August, 2. They expect $1.50 earnings per share, up 4.90% or $0.07 from last year’s $1.43 per share. ABC’s profit will be $329.70 million for 13.97 P/E if the $1.50 EPS becomes a reality. After $1.94 actual earnings per share reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts -22.68% negative EPS growth.

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 stock of AmerisourceBergen Corporation (NYSE:ABC) has “Buy” rating given on Tuesday, October 24 by Needham. The firm earned “Neutral” rating on Friday, June 30 by Bank of America. Needham maintained it with “Buy” rating and $117.0 target in Tuesday, January 30 report. RBC Capital Markets maintained AmerisourceBergen Corporation (NYSE:ABC) on Wednesday, October 7 with “Outperform” rating. RBC Capital Markets maintained the stock with “Outperform” rating in Friday, February 5 report. UBS maintained it with “Neutral” rating and $87 target in Friday, August 4 report. The company was upgraded on Wednesday, November 9 by Mizuho. The firm has “Neutral” rating given on Tuesday, June 7 by Bank of America. As per Thursday, October 6, the company rating was initiated by UBS. Jefferies maintained the stock with “Hold” rating in Friday, October 27 report.

EQT Midstream Partners, LP (NYSE:EQM) Institutional Positions Chart

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