As Csx (CSX) Market Value Declined, Nicholas Investment Partners LP Has Trimmed Its Stake; As Shire Plc (SHPG) Valuation Declined, Armistice Capital Has Cut by $5.58 Million Its Stake

April 17, 2018 - By Stephen Andrade

CSX Corporation (NASDAQ:CSX) Logo

Armistice Capital Llc decreased its stake in Shire Plc (SHPG) by 36% based on its latest 2017Q4 regulatory filing with the SEC. Armistice Capital Llc sold 36,000 shares as the company’s stock declined 17.82% with the market. The institutional investor held 64,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $9.93M, down from 100,000 at the end of the previous reported quarter. Armistice Capital Llc who had been investing in Shire Plc for a number of months, seems to be less bullish one the $46.30B market cap company. The stock increased 1.63% or $2.4791 during the last trading session, reaching $154.8891. About 602,997 shares traded. Shire plc (NASDAQ:SHPG) has declined 27.67% since April 17, 2017 and is downtrending. It has underperformed by 39.22% the S&P500.

Nicholas Investment Partners Lp decreased its stake in Csx Corp (CSX) by 16.75% based on its latest 2017Q4 regulatory filing with the SEC. Nicholas Investment Partners Lp sold 11,993 shares as the company’s stock declined 0.55% with the market. The institutional investor held 59,590 shares of the railroads company at the end of 2017Q4, valued at $3.28M, down from 71,583 at the end of the previous reported quarter. Nicholas Investment Partners Lp who had been investing in Csx Corp for a number of months, seems to be less bullish one the $49.91B market cap company. The stock increased 0.71% or $0.4 during the last trading session, reaching $56.81. About 4.84 million shares traded. CSX Corporation (NYSE:CSX) has risen 18.37% since April 17, 2017 and is uptrending. It has outperformed by 6.82% the S&P500.

Investors sentiment increased to 0.8 in Q4 2017. Its up 0.14, from 0.66 in 2017Q3. It increased, as 66 investors sold CSX shares while 324 reduced holdings. 97 funds opened positions while 215 raised stakes. 602.87 million shares or 1.51% less from 612.12 million shares in 2017Q3 were reported. Shelton Capital Mgmt holds 175,693 shares. International stated it has 0.07% in CSX Corporation (NASDAQ:CSX). Metropolitan Life Ins Ny has 169,890 shares. Swiss State Bank holds 0.2% or 3.37 million shares. Adage Cap Prtnrs Group holds 0.16% or 1.27 million shares in its portfolio. Peak6 LP invested in 0.01% or 36,563 shares. First Interstate National Bank & Trust has invested 0.02% of its portfolio in CSX Corporation (NASDAQ:CSX). Clearbridge Ltd holds 0% or 1,722 shares in its portfolio. Bb&T has invested 0.08% in CSX Corporation (NASDAQ:CSX). Bp Public Ltd has 0.2% invested in CSX Corporation (NASDAQ:CSX). The Maryland-based Sol Capital Company has invested 0.06% in CSX Corporation (NASDAQ:CSX). Institute For Wealth Mngmt Limited owns 31,615 shares or 0.4% of their US portfolio. Montag A accumulated 32,100 shares. Scotia holds 0.04% or 57,018 shares in its portfolio. Sns Fincl Grp Limited Liability owns 3,750 shares for 0.05% of their portfolio.

Nicholas Investment Partners Lp, which manages about $1.37 billion and $1.52B US Long portfolio, upped its stake in Pvh Corp (NYSE:PVH) by 7,784 shares to 48,462 shares, valued at $6.65 million in 2017Q4, according to the filing. It also increased its holding in Synovus Finl Corp (NYSE:SNV) by 43,427 shares in the quarter, for a total of 200,205 shares, and has risen its stake in American Tower Corp New (Prn).

Among 31 analysts covering CSX Corporation (NYSE:CSX), 19 have Buy rating, 3 Sell and 9 Hold. Therefore 61% are positive. CSX Corporation had 112 analyst reports since August 13, 2015 according to SRatingsIntel. As per Tuesday, March 15, the company rating was initiated by Scotia Capital. The stock of CSX Corporation (NASDAQ:CSX) earned “Hold” rating by Stifel Nicolaus on Friday, July 15. RBC Capital Markets maintained CSX Corporation (NASDAQ:CSX) on Wednesday, September 2 with “Outperform” rating. The stock has “Outperform” rating by Credit Suisse on Friday, February 19. The firm has “Buy” rating given on Wednesday, January 17 by RBC Capital Markets. The firm has “Underperform” rating given on Thursday, May 19 by CLSA. Robert W. Baird maintained the shares of CSX in report on Friday, September 29 with “Buy” rating. As per Tuesday, June 6, the company rating was maintained by Bank of America. RBC Capital Markets maintained CSX Corporation (NASDAQ:CSX) on Friday, August 11 with “Buy” rating. Stifel Nicolaus maintained it with “Hold” rating and $57.0 target in Tuesday, October 17 report.

Analysts await Shire plc (NASDAQ:SHPG) to report earnings on April, 26 before the open. They expect $3.58 earnings per share, down 1.38% or $0.05 from last year’s $3.63 per share. SHPG’s profit will be $1.07 billion for 10.82 P/E if the $3.58 EPS becomes a reality. After $3.98 actual earnings per share reported by Shire plc for the previous quarter, Wall Street now forecasts -10.05% negative EPS growth.

Among 27 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 22 have Buy rating, 0 Sell and 5 Hold. Therefore 81% are positive. Shire plc (ADR) had 76 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Wednesday, December 20 by Liberum Capital. The firm earned “Buy” rating on Monday, May 23 by Bryan Garnier & Cie. Jefferies maintained Shire plc (NASDAQ:SHPG) rating on Tuesday, September 5. Jefferies has “Buy” rating and $206.0 target. The company was maintained on Monday, October 2 by RBC Capital Markets. The stock of Shire plc (NASDAQ:SHPG) has “Sector Perform” rating given on Tuesday, January 12 by RBC Capital Markets. Piper Jaffray maintained the stock with “Hold” rating in Friday, September 29 report. Jefferies maintained it with “Buy” rating and $206.0 target in Friday, October 6 report. Leerink Swann upgraded Shire plc (NASDAQ:SHPG) on Tuesday, November 17 to “Outperform” rating. The firm earned “Buy” rating on Friday, May 6 by Liberum Capital. As per Wednesday, May 31, the company rating was maintained by Cowen & Co.

Armistice Capital Llc, which manages about $1.00B US Long portfolio, upped its stake in Energizer Hldgs Inc New by 88,000 shares to 612,000 shares, valued at $29.36 million in 2017Q4, according to the filing. It also increased its holding in Hanesbrands Inc (NYSE:HBI) by 976,000 shares in the quarter, for a total of 1.40M shares, and has risen its stake in Zafgen Inc (NASDAQ:ZFGN).

Shire plc (NASDAQ:SHPG) Institutional Positions Chart

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