Matthews International Capital Management Decreased Its Resmed (RMD) Stake as Share Price Rose; Moab Capital Partners Boosted Its Stake in Av Homes (AVHI) as Market Value Rose

April 17, 2018 - By Nellie Frank

AV Homes, Inc. (NASDAQ:AVHI) Logo

Matthews International Capital Management Llc decreased its stake in Resmed Inc (RMD) by 8.65% based on its latest 2017Q4 regulatory filing with the SEC. Matthews International Capital Management Llc sold 69,000 shares as the company’s stock rose 14.30% while stock markets declined. The institutional investor held 728,400 shares of the medical and dental instruments company at the end of 2017Q4, valued at $61.69M, down from 797,400 at the end of the previous reported quarter. Matthews International Capital Management Llc who had been investing in Resmed Inc for a number of months, seems to be less bullish one the $14.37B market cap company. The stock increased 0.83% or $0.83 during the last trading session, reaching $100.53. About 204,864 shares traded. ResMed Inc. (NYSE:RMD) has risen 35.71% since April 17, 2017 and is uptrending. It has outperformed by 24.16% the S&P500.

Michael M. Rothenberg increased its stake in Av Homes Inc (AVHI) by 189.61% based on its latest 2017Q4 regulatory filing with the SEC. Moab Capital Partners Llc bought 182,272 shares as the company’s stock rose 9.82% while stock markets declined. The hedge fund run by Michael M. Rothenberg held 278,401 shares of the capital goods company at the end of 2017Q4, valued at $4.64M, up from 96,129 at the end of the previous reported quarter. Moab Capital Partners Llc who had been investing in Av Homes Inc for a number of months, seems to be bullish on the $438.03 million market cap company. The stock increased 0.51% or $0.1 during the last trading session, reaching $19.6. About 25,698 shares traded. AV Homes, Inc. (NASDAQ:AVHI) has risen 12.16% since April 17, 2017 and is uptrending. It has outperformed by 0.61% the S&P500.

Among 4 analysts covering AV Homes (NASDAQ:AVHI), 2 have Buy rating, 0 Sell and 2 Hold. Therefore 50% are positive. AV Homes had 4 analyst reports since November 2, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, November 2 by Sterne Agee CRT. The company was initiated on Tuesday, March 8 by Sidoti. Wedbush initiated the stock with “Neutral” rating in Tuesday, December 6 report. JMP Securities downgraded the shares of AVHI in report on Wednesday, July 19 to “Market Perform” rating.

Investors sentiment increased to 1.22 in Q4 2017. Its up 0.33, from 0.89 in 2017Q3. It improved, as 9 investors sold AVHI shares while 18 reduced holdings. 12 funds opened positions while 21 raised stakes. 18.97 million shares or 0.32% more from 18.91 million shares in 2017Q3 were reported. Blackrock has invested 0% of its portfolio in AV Homes, Inc. (NASDAQ:AVHI). Indexiq Ltd Liability invested in 85,619 shares or 0.05% of the stock. Stone Ridge Asset Mngmt Limited Liability Company reported 23,466 shares. Parametric Port Assoc Ltd reported 19,012 shares. Rhumbline Advisers invested 0% in AV Homes, Inc. (NASDAQ:AVHI). Manufacturers Life Insur The stated it has 0% of its portfolio in AV Homes, Inc. (NASDAQ:AVHI). Moreover, Bank & Trust Of Montreal Can has 0% invested in AV Homes, Inc. (NASDAQ:AVHI). New York-based Basswood Cap Management Limited Com has invested 0.09% in AV Homes, Inc. (NASDAQ:AVHI). 1.88 million are owned by First Manhattan. Ny State Common Retirement Fund, New York-based fund reported 11,300 shares. Needham Inv Mngmt Ltd Liability Co holds 0.15% in AV Homes, Inc. (NASDAQ:AVHI) or 33,000 shares. Highbridge Lc has 0% invested in AV Homes, Inc. (NASDAQ:AVHI). Barclays Public Llc invested 0% in AV Homes, Inc. (NASDAQ:AVHI). Denali Advsrs Lc owns 0% invested in AV Homes, Inc. (NASDAQ:AVHI) for 143 shares. Susquehanna Grp Limited Liability Partnership reported 11,524 shares or 0% of all its holdings.

Matthews International Capital Management Llc, which manages about $24.94B and $2.12B US Long portfolio, upped its stake in Broadcom Ltd by 1,600 shares to 329,700 shares, valued at $84.70 million in 2017Q4, according to the filing. It also increased its holding in Baozun Inc by 34,100 shares in the quarter, for a total of 1.12 million shares, and has risen its stake in Ctrip Com Intl Ltd (Prn).

Among 14 analysts covering ResMed Inc (NYSE:RMD), 3 have Buy rating, 3 Sell and 8 Hold. Therefore 21% are positive. ResMed Inc had 45 analyst reports since August 3, 2015 according to SRatingsIntel. The stock has “Overweight” rating by JP Morgan on Monday, October 30. The company was upgraded on Tuesday, January 23 by Northland Capital. The company was initiated on Tuesday, October 4 by JP Morgan. Jefferies maintained the shares of RMD in report on Friday, June 2 with “Sell” rating. The rating was downgraded by Jefferies to “Underperform” on Tuesday, August 23. The stock of ResMed Inc. (NYSE:RMD) earned “Neutral” rating by Macquarie Research on Thursday, April 28. As per Wednesday, August 2, the company rating was maintained by BMO Capital Markets. Piper Jaffray downgraded ResMed Inc. (NYSE:RMD) on Wednesday, April 27 to “Neutral” rating. The firm earned “Neutral” rating on Friday, April 21 by JP Morgan. BMO Capital Markets maintained ResMed Inc. (NYSE:RMD) on Friday, September 8 with “Hold” rating.

Since January 2, 2018, it had 0 insider purchases, and 15 sales for $5.23 million activity. Shares for $487,083 were sold by TAYLOR RONALD R. Hollingshead James sold $60,066 worth of stock or 600 shares. WAREHAM JOHN P also sold $2.65M worth of ResMed Inc. (NYSE:RMD) shares. Shares for $200,240 were sold by McHale Richard. On Thursday, February 15 Sandercock Brett sold $186,840 worth of ResMed Inc. (NYSE:RMD) or 2,000 shares.

ResMed Inc. (NYSE:RMD) Institutional Positions Chart

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