Decatur Capital Management Lowered Baxter International (BAX) Stake; Amarin PLC Has 1.48 Sentiment

February 15, 2018 - By Richard Conner

Amarin Corporation plc, a biopharmaceutical company, focuses on the development and commercialization of therapeutics for the treatment of cardiovascular diseases in the United States. The company has market cap of $1.05 billion. The companyÂ’s lead product is Vascepa, a prescription-only omega-3 fatty acid capsule, used as an adjunct to diet for reducing triglyceride levels in adult patients with severe hypertriglyceridemia. It currently has negative earnings. It is also involved in developing Vascepa for the treatment of patients with high triglyceride levels who are also on statin therapy for elevated low-density lipoprotein cholesterol levels.

Decatur Capital Management Inc decreased Baxter International (BAX) stake by 49.75% reported in 2017Q3 SEC filing. Decatur Capital Management Inc sold 84,064 shares as Baxter International (BAX)’s stock rose 15.04%. The Decatur Capital Management Inc holds 84,902 shares with $5.33 million value, down from 168,966 last quarter. Baxter International now has $35.98B valuation. The stock increased 2.17% or $1.4 during the last trading session, reaching $66.03. About 3.56M shares traded or 12.48% up from the average. Baxter International Inc. (NYSE:BAX) has risen 32.55% since February 15, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Among 19 analysts covering Baxter International (NYSE:BAX), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Baxter International had 55 analyst reports since July 30, 2015 according to SRatingsIntel. As per Tuesday, April 4, the company rating was upgraded by Leerink Swann. On Tuesday, September 22 the stock rating was initiated by UBS with “Neutral”. The firm has “Neutral” rating given on Monday, April 25 by Credit Suisse. On Friday, July 31 the stock rating was downgraded by S&P Research to “Hold”. The stock has “Outperform” rating by Raymond James on Wednesday, January 3. The firm earned “Overweight” rating on Friday, February 2 by Barclays Capital. The firm has “Overweight” rating given on Tuesday, January 2 by JP Morgan. BMO Capital Markets maintained the shares of BAX in report on Thursday, August 31 with “Buy” rating. The stock has “Buy” rating by BMO Capital Markets on Tuesday, December 12. The stock of Baxter International Inc. (NYSE:BAX) earned “Overweight” rating by Cantor Fitzgerald on Friday, June 30.

Investors sentiment increased to 0.97 in Q3 2017. Its up 0.05, from 0.92 in 2017Q2. It is positive, as 38 investors sold BAX shares while 300 reduced holdings. 76 funds opened positions while 253 raised stakes. 439.80 million shares or 0.96% less from 444.08 million shares in 2017Q2 were reported. Diversified Tru invested 0.02% of its portfolio in Baxter International Inc. (NYSE:BAX). Moreover, Bradley Foster & Sargent Ct has 0.12% invested in Baxter International Inc. (NYSE:BAX). Klingenstein Fields Llc has invested 0.11% in Baxter International Inc. (NYSE:BAX). Jaffetilchin Invest Prtn Ltd Liability Corporation stated it has 26,232 shares or 0.39% of all its holdings. Barrett Asset Mngmt Limited Com reported 1,550 shares stake. Allsquare Wealth Management Ltd has invested 0.03% of its portfolio in Baxter International Inc. (NYSE:BAX). Smith Asset Management LP stated it has 1.01M shares or 2.11% of all its holdings. 12,960 were reported by Prudential Public Limited Com. Moors And Cabot Inc owns 0.54% invested in Baxter International Inc. (NYSE:BAX) for 59,656 shares. Amp Cap Invsts owns 273,558 shares for 0.1% of their portfolio. British Columbia Investment Management Corporation invested in 0.1% or 197,888 shares. Kistler owns 747 shares. Addison Company reported 1.4% of its portfolio in Baxter International Inc. (NYSE:BAX). Greenleaf owns 0.01% invested in Baxter International Inc. (NYSE:BAX) for 6,382 shares. Huntington Retail Bank has invested 0.38% of its portfolio in Baxter International Inc. (NYSE:BAX).

Decatur Capital Management Inc increased Csx Corp. (NYSE:CSX) stake by 8,375 shares to 146,475 valued at $7.95M in 2017Q3. It also upped Monsanto Co. (NYSE:MON) stake by 4,750 shares and now owns 83,000 shares. Pnc Financial Services (NYSE:PNC) was raised too.

Since August 17, 2017, it had 0 buys, and 3 selling transactions for $1.39 million activity. The insider Accogli Giuseppe sold 12,670 shares worth $772,363. $247,672 worth of Baxter International Inc. (NYSE:BAX) shares were sold by Shapazian Carole J. $555,538 worth of Baxter International Inc. (NYSE:BAX) was sold by STALLKAMP THOMAS T. $583,014 worth of stock was sold by FORSYTH JOHN D on Friday, August 25.

Analysts await Amarin Corporation plc (NASDAQ:AMRN) to report earnings on February, 27. They expect $-0.04 EPS, up 20.00% or $0.01 from last year’s $-0.05 per share. After $-0.04 actual EPS reported by Amarin Corporation plc for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Ratings analysis reveals 100% of Amarin’s analysts are positive. Out of 2 Wall Street analysts rating Amarin, 2 give it “Buy”, 0 “Sell” rating, while 0 recommend “Hold”. The lowest target is $5.0 while the high is $6.0. The stock’s average target of $5.50 is 51.52% above today’s ($3.63) share price. AMRN was included in 2 notes of analysts from October 5, 2016. The stock of Amarin Corporation plc (NASDAQ:AMRN) earned “Buy” rating by Cantor Fitzgerald on Wednesday, October 5. The stock has “Buy” rating by Citigroup on Wednesday, October 19.

The stock increased 2.83% or $0.1 during the last trading session, reaching $3.63. About 1.29M shares traded. Amarin Corporation plc (AMRN) has risen 76.19% since February 15, 2017 and is uptrending. It has outperformed by 59.49% the S&P500.

Consonance Capital Management Lp holds 9.54% of its portfolio in Amarin Corporation plc for 24.65 million shares. Oracle Investment Management Inc owns 6.30 million shares or 3.62% of their US portfolio. Moreover, Healthcare Value Capital Llc has 3.15% invested in the company for 450,000 shares. The New York-based Broadfin Capital Llc has invested 0.85% in the stock. University Of Notre Dame Du Lac, a Indiana-based fund reported 803,888 shares.

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By1 Richard Conner

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