Pinebridge Investments LP Has Cut Idexx Labs Com (IDXX) Position as Share Value Rose; Entercom Communications (ETM) Share Price Declined While Aristeia Capital Lifted Position by $36.60 Million

May 19, 2018 - By Kurt Siggers

IDEXX Laboratories, Inc. (NASDAQ:IDXX) Logo

Robert Henry Lynch increased its stake in Entercom Communications Corp (ETM) by 1472.76% based on its latest 2017Q4 regulatory filing with the SEC. Aristeia Capital Llc bought 3.66 million shares as the company’s stock declined 16.30% with the market. The hedge fund run by Robert Henry Lynch held 3.91 million shares of the broadcasting company at the end of 2017Q4, valued at $42.22M, up from 248,546 at the end of the previous reported quarter. Aristeia Capital Llc who had been investing in Entercom Communications Corp for a number of months, seems to be bullish on the $1.10B market cap company. It closed at $7.8 lastly. It is up 31.27% since May 19, 2017 and is downtrending. It has underperformed by 42.82% the S&P500.

Pinebridge Investments Lp decreased its stake in Idexx Labs Inc Com (IDXX) by 99.47% based on its latest 2017Q4 regulatory filing with the SEC. Pinebridge Investments Lp sold 8,936 shares as the company’s stock rose 21.09% while stock markets declined. The hedge fund held 48 shares of the health care company at the end of 2017Q4, valued at $8,000, down from 8,984 at the end of the previous reported quarter. Pinebridge Investments Lp who had been investing in Idexx Labs Inc Com for a number of months, seems to be less bullish one the $17.44B market cap company. The stock increased 2.64% or $5.17 during the last trading session, reaching $200.76. About 480,661 shares traded. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 23.99% since May 19, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.

Since March 9, 2018, it had 10 insider buys, and 0 insider sales for $28.90 million activity.

Aristeia Capital Llc, which manages about $6.79B and $2.35B US Long portfolio, decreased its stake in Pacira Pharmaceuticals Inc (NASDAQ:PCRX) by 30,000 shares to 64,800 shares, valued at $2.96M in 2017Q4, according to the filing. It also reduced its holding in Alphabet Inc by 7,369 shares in the quarter, leaving it with 9,227 shares, and cut its stake in Midstates Pete Co Inc.

More news for Entercom Communications Corp. (NYSE:ETM) were recently published by: Seekingalpha.com, which released: “Insiders Tuned Into Entercom” on April 21, 2018. Seekingalpha.com‘s article titled: “Entercom Communications’ (ETM) CEO David Field on Q1 2018 Results – Earnings Call Transcript” and published on May 12, 2018 is yet another important article.

Among 3 analysts covering Entercom Communications (NYSE:ETM), 2 have Buy rating, 0 Sell and 1 Hold. Therefore 67% are positive. Entercom Communications had 5 analyst reports since August 18, 2015 according to SRatingsIntel. Noble Financial maintained the stock with “Buy” rating in Monday, November 27 report. The firm has “Outperform” rating by Wells Fargo given on Tuesday, August 18. The firm earned “Buy” rating on Monday, July 24 by Noble Financial. The stock has “Equal-Weight” rating by Stephens on Friday, December 11. Noble Financial maintained Entercom Communications Corp. (NYSE:ETM) on Monday, July 31 with “Buy” rating.

Investors sentiment increased to 7.95 in 2017 Q4. Its up 6.45, from 1.5 in 2017Q3. It improved, as 9 investors sold ETM shares while 11 reduced holdings. 92 funds opened positions while 67 raised stakes. 222.30 million shares or 760.66% more from 25.83 million shares in 2017Q3 were reported. Evercore Wealth Mngmt Limited Co holds 11,000 shares. Natl Bank Of America De has invested 0% in Entercom Communications Corp. (NYSE:ETM). Livforsakringsbolaget Skandia Omsesidigt, a Sweden-based fund reported 6,185 shares. Mycio Wealth Partners Limited Company invested 0.07% of its portfolio in Entercom Communications Corp. (NYSE:ETM). River Road Asset Mgmt Ltd Liability holds 958,060 shares. Voya Invest Limited Liability Corporation holds 0% or 58,145 shares. Kbc Gru Nv invested in 0.01% or 94,945 shares. Utd Svcs Automobile Association invested 0% of its portfolio in Entercom Communications Corp. (NYSE:ETM). Cubist Systematic Strategies invested in 0.06% or 101,905 shares. Emerald Mutual Fund Advisers accumulated 0.3% or 691,338 shares. 381,893 were accumulated by Mcclain Value Mngmt Limited Liability Corp. New York-based Jefferies Grp Lc has invested 0.04% in Entercom Communications Corp. (NYSE:ETM). Williams Jones & Assoc Ltd Limited Liability Company holds 0.04% or 150,853 shares. Wellington Management Gru Llp owns 180,497 shares. Brown Brothers Harriman And Commerce holds 244 shares or 0% of its portfolio.

Among 11 analysts covering IDEXX Laboratories (NASDAQ:IDXX), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. IDEXX Laboratories had 29 analyst reports since July 24, 2015 according to SRatingsIntel. On Thursday, October 5 the stock rating was maintained by Canaccord Genuity with “Buy”. The firm has “Neutral” rating given on Friday, April 1 by CL King. The firm has “Buy” rating given on Thursday, October 29 by Stifel Nicolaus. On Monday, May 7 the stock rating was maintained by Stifel Nicolaus with “Buy”. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) earned “Hold” rating by Feltl & Co on Friday, July 24. As per Friday, August 28, the company rating was downgraded by Raymond James. The rating was upgraded by Bank of America on Wednesday, August 23 to “Buy”. Credit Suisse initiated the shares of IDXX in report on Thursday, February 4 with “Outperform” rating. As per Thursday, September 29, the company rating was reinitiated by Bank of America. The firm has “Buy” rating given on Friday, February 2 by Bank of America.

Pinebridge Investments Lp, which manages about $38.23B and $3.89 billion US Long portfolio, upped its stake in Fabrinet Shs (NYSE:FN) by 11,807 shares to 16,443 shares, valued at $472,000 in 2017Q4, according to the filing. It also increased its holding in Donnelley Finl Solutions Inc Com by 38,625 shares in the quarter, for a total of 80,088 shares, and has risen its stake in Skywest Inc Com (NASDAQ:SKYW).

Since January 9, 2018, it had 2 insider purchases, and 7 selling transactions for $23.44 million activity. Kingsley Lawrence D had bought 1,000 shares worth $178,045. AYERS JONATHAN W had sold 22,000 shares worth $3.91M on Wednesday, February 7. 2,974 shares valued at $565,232 were sold by JUNIUS DANIEL M on Wednesday, February 28. MCKEON BRIAN P sold $1.20M worth of stock or 6,602 shares. END WILLIAM T sold $1.97M worth of IDEXX Laboratories, Inc. (NASDAQ:IDXX) on Thursday, May 10.

More recent IDEXX Laboratories, Inc. (NASDAQ:IDXX) news were published by: Seekingalpha.com which released: “Buy Diamondback Energy On Declines – Cramer’s Lightning Round (5/11/18)” on May 14, 2018. Also Seekingalpha.com published the news titled: “IDEXX: This Medical Equipment Stock Is Overvalued And Could Go Down As Much As 20%” on May 19, 2018. Fool.com‘s news article titled: “IDEXX Laboratories Barks Out Another Successful Quarter” with publication date: May 11, 2018 was also an interesting one.

Entercom Communications Corp. (NYSE:ETM) Institutional Positions Chart

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