Rbc Bearings (ROLL) Shareholder Harbour Investment Management Lowered Stake by $455,490 as Market Valuation Declined; Slate Path Capital LP Has Boosted Medicines Co (MDCO) Holding by $16.74 Million

April 11, 2018 - By Marie Mckinney

The Medicines Company (NASDAQ:MDCO) Logo

Harbour Investment Management Llc decreased its stake in Rbc Bearings Inc (ROLL) by 16.07% based on its latest 2017Q4 regulatory filing with the SEC. Harbour Investment Management Llc sold 3,615 shares as the company’s stock declined 4.34% with the market. The institutional investor held 18,875 shares of the metal fabrications company at the end of 2017Q4, valued at $2.39 million, down from 22,490 at the end of the previous reported quarter. Harbour Investment Management Llc who had been investing in Rbc Bearings Inc for a number of months, seems to be less bullish one the $2.88 billion market cap company. The stock increased 1.69% or $2.03 during the last trading session, reaching $122.09. About 48,313 shares traded. RBC Bearings Incorporated (NASDAQ:ROLL) has risen 31.39% since April 11, 2017 and is uptrending. It has outperformed by 19.84% the S&P500.

David Greenspan increased its stake in Medicines Co (MDCO) by 55.86% based on its latest 2017Q4 regulatory filing with the SEC. Slate Path Capital Lp bought 620,000 shares as the company’s stock rose 23.35% while stock markets declined. The hedge fund run by David Greenspan held 1.73M shares of the major pharmaceuticals company at the end of 2017Q4, valued at $47.30 million, up from 1.11 million at the end of the previous reported quarter. Slate Path Capital Lp who had been investing in Medicines Co for a number of months, seems to be bullish on the $2.23 billion market cap company. The stock increased 2.94% or $0.87 during the last trading session, reaching $30.44. About 1.17M shares traded. The Medicines Company (NASDAQ:MDCO) has declined 34.73% since April 11, 2017 and is downtrending. It has underperformed by 46.28% the S&P500.

Since December 7, 2017, it had 1 buy, and 2 sales for $1.36 million activity. Another trade for 136,250 shares valued at $3.71 million was sold by MEANWELL CLIVE. $241,950 worth of The Medicines Company (NASDAQ:MDCO) was sold by CROUSE WILLIAM.

Investors sentiment increased to 1.25 in 2017 Q4. Its up 0.47, from 0.78 in 2017Q3. It improved, as 26 investors sold MDCO shares while 51 reduced holdings. 28 funds opened positions while 68 raised stakes. 89.44 million shares or 5.03% more from 85.15 million shares in 2017Q3 were reported. Asset Mngmt has 0.01% invested in The Medicines Company (NASDAQ:MDCO) for 24,216 shares. Wellington Mngmt Group Limited Liability Partnership reported 0.06% in The Medicines Company (NASDAQ:MDCO). Atlantic Group Ltd Company has invested 0% of its portfolio in The Medicines Company (NASDAQ:MDCO). 107,819 are owned by Arizona State Retirement System. Ubs Asset Mngmt Americas Inc reported 597,192 shares. Swiss Savings Bank, Switzerland-based fund reported 123,650 shares. Verition Fund Mgmt Ltd stated it has 13,681 shares or 0.03% of all its holdings. Sei Invs Co invested 0.01% of its portfolio in The Medicines Company (NASDAQ:MDCO). 651 were accumulated by Global X Com Limited Com. Artal, Luxembourg-based fund reported 200,000 shares. New York State Common Retirement Fund accumulated 212,842 shares. Panagora Asset Mngmt, a Massachusetts-based fund reported 361,635 shares. Parkside Bancorporation reported 0% stake. Macquarie Gru Ltd invested in 1.08 million shares. One Trading Ltd Partnership owns 67,829 shares.

Slate Path Capital Lp, which manages about $4.31 billion and $1.02B US Long portfolio, decreased its stake in Ally Finl Inc (NYSE:ALLY) by 4.80 million shares to 2.99 million shares, valued at $87.04M in 2017Q4, according to the filing. It also reduced its holding in Tripadvisor Inc (NASDAQ:TRIP) by 1.99M shares in the quarter, leaving it with 74,000 shares, and cut its stake in Vaneck Vectors Etf Tr.

Among 11 analysts covering The Medicines Co (NASDAQ:MDCO), 11 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. The Medicines Co had 37 analyst reports since August 28, 2015 according to SRatingsIntel. The rating was maintained by Oppenheimer with “Hold” on Wednesday, July 12. The stock of The Medicines Company (NASDAQ:MDCO) earned “Buy” rating by Jefferies on Monday, June 26. The firm has “Buy” rating given on Wednesday, November 29 by Oppenheimer. The stock of The Medicines Company (NASDAQ:MDCO) has “Buy” rating given on Thursday, March 22 by Oppenheimer. Chardan Capital Markets initiated The Medicines Company (NASDAQ:MDCO) rating on Wednesday, November 4. Chardan Capital Markets has “Buy” rating and $50 target. Citigroup maintained The Medicines Company (NASDAQ:MDCO) rating on Wednesday, July 26. Citigroup has “Neutral” rating and $45 target. The stock has “Hold” rating by Oppenheimer on Thursday, February 22. Chardan Capital Markets maintained the stock with “Buy” rating in Wednesday, August 30 report. Guggenheim initiated The Medicines Company (NASDAQ:MDCO) on Monday, October 23 with “Buy” rating. As per Monday, March 21, the company rating was maintained by Chardan Capital Markets.

Investors sentiment decreased to 1.58 in Q4 2017. Its down 0.42, from 2 in 2017Q3. It fall, as 8 investors sold ROLL shares while 51 reduced holdings. 30 funds opened positions while 63 raised stakes. 23.58 million shares or 1.65% more from 23.19 million shares in 2017Q3 were reported. Proshare Advisors Limited reported 3,474 shares. Lord Abbett Lc invested in 0.06% or 153,853 shares. Moreover, Chevy Chase Holding has 0% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Moreover, Aqr Capital Mngmt Lc has 0% invested in RBC Bearings Incorporated (NASDAQ:ROLL). Mackenzie Fincl Corp owns 24,200 shares. Moreover, Stephens Invest Gp Ltd Limited Liability Company has 0.52% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 180,698 shares. Qs Limited Company holds 4 shares. Advisory Net Limited Liability reported 0% stake. State Common Retirement Fund reported 0.01% stake. Timessquare Capital Mngmt Ltd Com stated it has 233,758 shares or 0.19% of all its holdings. 462,163 are owned by Loomis Sayles Comm Ltd Partnership. Bradley Foster & Sargent Inc Ct accumulated 0.81% or 177,551 shares. Sei Invests has 0.02% invested in RBC Bearings Incorporated (NASDAQ:ROLL) for 37,238 shares. Voya Mgmt Ltd Liability Company invested in 10,586 shares or 0% of the stock. Parallax Volatility Advisers LP reported 3,570 shares or 0% of all its holdings.

Harbour Investment Management Llc, which manages about $266.66M and $141.97M US Long portfolio, upped its stake in Ishares Tr (IBB) by 29,010 shares to 44,865 shares, valued at $4.79 million in 2017Q4, according to the filing.

Among 9 analysts covering RBC Bearings (NASDAQ:ROLL), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. RBC Bearings had 11 analyst reports since September 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, September 28 by Global Hunter Securities. The firm has “Neutral” rating given on Friday, October 14 by Seaport Global Securities. The company was downgraded on Tuesday, August 9 by KeyBanc Capital Markets. The rating was downgraded by Seaport Global Securities on Friday, November 6 to “Accumulate”. Bank of America maintained it with “Buy” rating and $140 target in Wednesday, November 8 report. The stock has “Hold” rating by TheStreet on Tuesday, September 22. The firm has “Hold” rating given on Friday, September 15 by KeyBanc Capital Markets. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) earned “Buy” rating by C.L. King on Wednesday, November 29. The stock of RBC Bearings Incorporated (NASDAQ:ROLL) has “Market Outperform” rating given on Monday, March 21 by Avondale.

Since February 14, 2018, it had 0 insider purchases, and 6 selling transactions for $5.74 million activity. Crainer Thomas C sold $624,590 worth of stock. $563,890 worth of RBC Bearings Incorporated (NASDAQ:ROLL) was sold by Faghri Amir. 3,300 shares valued at $422,400 were sold by HARTNETT MICHAEL J on Wednesday, March 21. LEVINE ALAN B had sold 4,900 shares worth $566,930 on Wednesday, February 14.

Analysts await RBC Bearings Incorporated (NASDAQ:ROLL) to report earnings on May, 30. They expect $1.13 earnings per share, up 25.56% or $0.23 from last year’s $0.9 per share. ROLL’s profit will be $26.68 million for 27.01 P/E if the $1.13 EPS becomes a reality. After $1.05 actual earnings per share reported by RBC Bearings Incorporated for the previous quarter, Wall Street now forecasts 7.62% EPS growth.

The Medicines Company (NASDAQ:MDCO) Institutional Positions Chart

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