Manitowoc (MTW) Shareholder Southpoint Capital Advisors LP Trimmed Stake by $6.75 Million as Market Value Declined; Atika Capital Management Increases Stake in Inogen (INGN)

January 20, 2018 - By Marguerite Chambers

Brad Farber increased its stake in Inogen Inc (INGN) by 133.08% based on its latest 2017Q3 regulatory filing with the SEC. Atika Capital Management Llc bought 27,946 shares as the company’s stock rose 21.32% with the market. The hedge fund run by Brad Farber held 48,946 shares of the health care company at the end of 2017Q3, valued at $4.66 million, up from 21,000 at the end of the previous reported quarter. Atika Capital Management Llc who had been investing in Inogen Inc for a number of months, seems to be bullish on the $2.47B market cap company. The stock increased 2.72% or $3.13 during the last trading session, reaching $118.12. About 118,040 shares traded. Inogen, Inc. (NASDAQ:INGN) has risen 88.09% since January 20, 2017 and is uptrending. It has outperformed by 71.39% the S&P500.

Rob Butts decreased its stake in Manitowoc Inc (MTW) by 9.68% based on its latest 2017Q3 regulatory filing with the SEC. Southpoint Capital Advisors Lp sold 750,000 shares as the company’s stock declined 13.91% while stock markets rallied. The hedge fund run by Rob Butts held 7.00 million shares of the capital goods company at the end of 2017Q3, valued at $63.00M, down from 7.75M at the end of the previous reported quarter. Southpoint Capital Advisors Lp who had been investing in Manitowoc Inc for a number of months, seems to be less bullish one the $1.40B market cap company. The stock increased 4.29% or $1.64 during the last trading session, reaching $39.9. About 1.06M shares traded or 24.70% up from the average. The Manitowoc Company, Inc. (NYSE:MTW) has risen 0.72% since January 20, 2017 and is uptrending. It has underperformed by 15.98% the S&P500.

Southpoint Capital Advisors Lp, which manages about $2.99 billion and $2.44 billion US Long portfolio, upped its stake in Vonage Hldgs Corp (NYSE:VG) by 800,000 shares to 5.00M shares, valued at $40.70M in 2017Q3, according to the filing. It also increased its holding in 8X8 Inc New (NASDAQ:EGHT) by 900,000 shares in the quarter, for a total of 1.40M shares, and has risen its stake in Broadsoft Inc (NASDAQ:BSFT).

Analysts await The Manitowoc Company, Inc. (NYSE:MTW) to report earnings on February, 7. They expect $-0.08 EPS, up 91.30% or $0.84 from last year’s $-0.92 per share. After $0.36 actual EPS reported by The Manitowoc Company, Inc. for the previous quarter, Wall Street now forecasts -122.22% negative EPS growth.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.32, from 1.01 in 2017Q2. It increased, as 22 investors sold MTW shares while 42 reduced holdings. 37 funds opened positions while 48 raised stakes. 109.39 million shares or 0.14% more from 109.24 million shares in 2017Q2 were reported. Prudential holds 0% or 13,781 shares. Employees Retirement Association Of Colorado reported 0% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Prudential Public Ltd Com has invested 0.03% in The Manitowoc Company, Inc. (NYSE:MTW). State Street accumulated 2.49M shares. Rutabaga Limited Liability Corporation Ma stated it has 5.96% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Citigroup Inc invested in 85,742 shares or 0% of the stock. Legal And General Grp Public Ltd reported 59,156 shares. Leavell Investment Mgmt has invested 0.03% in The Manitowoc Company, Inc. (NYSE:MTW). Commonwealth Equity stated it has 0% in The Manitowoc Company, Inc. (NYSE:MTW). Moreover, Salem Invest Counselors has 0% invested in The Manitowoc Company, Inc. (NYSE:MTW). Usa Fin Portformulas owns 43,330 shares or 0.09% of their US portfolio. Barclays Public Limited Company reported 0% in The Manitowoc Company, Inc. (NYSE:MTW). Raymond James And Associate stated it has 0% of its portfolio in The Manitowoc Company, Inc. (NYSE:MTW). Weitz Management owns 250,000 shares or 0.09% of their US portfolio. Schwab Charles Invest Mngmt reported 580,385 shares or 0% of all its holdings.

Among 17 analysts covering Manitowoc Company (NYSE:MTW), 6 have Buy rating, 0 Sell and 11 Hold. Therefore 35% are positive. Manitowoc Company had 60 analyst reports since July 27, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Wednesday, July 19 by Jefferies. On Tuesday, November 3 the stock rating was initiated by Suntrust Robinson with “Neutral”. Robert W. Baird downgraded The Manitowoc Company, Inc. (NYSE:MTW) rating on Thursday, October 15. Robert W. Baird has “Neutral” rating and $15.0 target. Seaport Global upgraded the shares of MTW in report on Friday, May 6 to “Buy” rating. The rating was maintained by Deutsche Bank with “Hold” on Wednesday, October 12. Stifel Nicolaus maintained it with “Buy” rating and $12 target in Wednesday, November 8 report. Goldman Sachs maintained the shares of MTW in report on Wednesday, March 9 with “Neutral” rating. Citigroup maintained it with “Neutral” rating and $4.50 target in Thursday, March 31 report. Citigroup maintained the stock with “Neutral” rating in Wednesday, August 10 report. Deutsche Bank maintained it with “Hold” rating and $6.25 target in Friday, April 7 report.

Atika Capital Management Llc, which manages about $348.10 million US Long portfolio, decreased its stake in Centene Corp Del (NYSE:CNC) by 7,537 shares to 22,463 shares, valued at $2.17 million in 2017Q3, according to the filing. It also reduced its holding in Medicines Co (Put) (NASDAQ:MDCO) by 90,300 shares in the quarter, leaving it with 110,000 shares, and cut its stake in Medicines Co (Call) (NASDAQ:MDCO).

Among 6 analysts covering Inogen (NASDAQ:INGN), 5 have Buy rating, 0 Sell and 1 Hold. Therefore 83% are positive. Inogen had 15 analyst reports since August 12, 2015 according to SRatingsIntel. Piper Jaffray maintained it with “Hold” rating and $90.0 target in Monday, September 11 report. Leerink Swann maintained Inogen, Inc. (NASDAQ:INGN) rating on Wednesday, August 12. Leerink Swann has “Buy” rating and $55 target. The stock of Inogen, Inc. (NASDAQ:INGN) has “Buy” rating given on Wednesday, August 30 by Needham. The rating was maintained by Needham on Wednesday, November 8 with “Buy”. As per Thursday, March 24, the company rating was initiated by Piper Jaffray. Needham maintained Inogen, Inc. (NASDAQ:INGN) rating on Wednesday, November 11. Needham has “Strong Buy” rating and $55 target. As per Wednesday, August 12, the company rating was maintained by Stifel Nicolaus. The firm has “Overweight” rating by JP Morgan given on Wednesday, July 13. Leerink Swann maintained it with “Buy” rating and $120.0 target in Wednesday, November 8 report. The firm earned “Buy” rating on Friday, August 4 by Needham.

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