Radnet (RDNT) Stock Price Rose While Cheyne Capital Management Uk Llp Upped Holding; Amazon.Com Amzn Us (AMZN) Shareholder Tb Alternative Assets LTD Has Decreased Its Stake by $8.07 Million

April 24, 2018 - By Vivian Park

RadNet, Inc. (NASDAQ:RDNT) Logo

Tb Alternative Assets Ltd decreased its stake in Amazon.Com Inc Amzn Us (AMZN) by 58.97% based on its latest 2017Q4 regulatory filing with the SEC. Tb Alternative Assets Ltd sold 6,900 shares as the company’s stock rose 28.13% while stock markets declined. The institutional investor held 4,800 shares of the consumer services company at the end of 2017Q4, valued at $5.61 million, down from 11,700 at the end of the previous reported quarter. Tb Alternative Assets Ltd who had been investing in Amazon.Com Inc Amzn Us for a number of months, seems to be less bullish one the $714.36B market cap company. The stock decreased 2.96% or $44.86 during the last trading session, reaching $1473. About 2.72 million shares traded. Amazon.com, Inc. (NASDAQ:AMZN) has risen 76.78% since April 24, 2017 and is uptrending. It has outperformed by 65.23% the S&P500.

Jonathan Lourie increased its stake in Radnet Inc (RDNT) by 215.9% based on its latest 2017Q4 regulatory filing with the SEC. Cheyne Capital Management Uk Llp bought 237,493 shares as the company’s stock rose 35.00% while stock markets declined. The hedge fund run by Jonathan Lourie held 347,493 shares of the health care company at the end of 2017Q4, valued at $3.52 million, up from 110,000 at the end of the previous reported quarter. Cheyne Capital Management Uk Llp who had been investing in Radnet Inc for a number of months, seems to be bullish on the $663.19 million market cap company. The stock increased 1.85% or $0.25 during the last trading session, reaching $13.75. About 76,685 shares traded. RadNet, Inc. (NASDAQ:RDNT) has risen 130.77% since April 24, 2017 and is uptrending. It has outperformed by 119.22% the S&P500.

Among 4 analysts covering RadNet (NASDAQ:RDNT), 3 have Buy rating, 0 Sell and 1 Hold. Therefore 75% are positive. RadNet had 8 analyst reports since March 15, 2016 according to SRatingsIntel. The stock of RadNet, Inc. (NASDAQ:RDNT) earned “Hold” rating by Jefferies on Thursday, July 13. The firm has “Buy” rating given on Thursday, November 9 by Jefferies. On Friday, April 15 the stock rating was initiated by Sidoti with “Buy”. Jefferies maintained it with “Buy” rating and $14.0 target in Thursday, March 8 report. The company was upgraded on Tuesday, August 22 by Jefferies. The stock of RadNet, Inc. (NASDAQ:RDNT) has “Hold” rating given on Tuesday, March 15 by Jefferies. The rating was initiated by Sterne Agee CRT with “Neutral” on Thursday, June 2.

Cheyne Capital Management Uk Llp, which manages about $8.62B and $229.68 million US Long portfolio, decreased its stake in Barrick Gold Corp (NYSE:ABX) by 5.48 million shares to 25,000 shares, valued at $362,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Tr (Prn) (IBB) by 705,853 shares in the quarter, leaving it with 21,300 shares, and cut its stake in Akorn Inc (NASDAQ:AKRX).

Since December 7, 2017, it had 0 insider purchases, and 13 selling transactions for $45.88 million activity. $788,924 worth of Amazon.com, Inc. (NASDAQ:AMZN) was sold by WILKE JEFFREY A. The insider ALBERG TOM A sold $3.35M. The insider Olsavsky Brian T sold 2,333 shares worth $3.42 million. Blackburn Jeffrey M had sold 12,666 shares worth $18.50 million. Jassy Andrew R also sold $2.90M worth of Amazon.com, Inc. (NASDAQ:AMZN) on Thursday, February 15. The insider Reynolds Shelley sold 544 shares worth $795,502.

Tb Alternative Assets Ltd, which manages about $269.07M US Long portfolio, upped its stake in Gilead Sciences Inc Gild Us (NASDAQ:GILD) by 91,600 shares to 111,800 shares, valued at $8.01 million in 2017Q4, according to the filing.

Analysts await Amazon.com, Inc. (NASDAQ:AMZN) to report earnings on April, 26 after the close. They expect $1.19 EPS, down 19.59% or $0.29 from last year’s $1.48 per share. AMZN’s profit will be $577.11M for 309.45 P/E if the $1.19 EPS becomes a reality. After $2.16 actual EPS reported by Amazon.com, Inc. for the previous quarter, Wall Street now forecasts -44.91% negative EPS growth.

RadNet, Inc. (NASDAQ:RDNT) Institutional Positions Chart

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