Donald Smith & Company Boosted Its Aspen Insurance (AHL) Position by $23.38 Million; Credit Suisse Ag Has Trimmed Its Position in Stryker (SYK) by $11.13 Million

February 21, 2018 - By Peter Mason

Credit Suisse Ag decreased its stake in Stryker Corp (SYK) by 7.63% based on its latest 2017Q3 regulatory filing with the SEC. Credit Suisse Ag sold 78,382 shares as the company’s stock rose 8.29% with the market. The institutional investor held 949,493 shares of the medical and dental instruments company at the end of 2017Q3, valued at $134.85 million, down from 1.03M at the end of the previous reported quarter. Credit Suisse Ag who had been investing in Stryker Corp for a number of months, seems to be less bullish one the $59.47B market cap company. The stock decreased 0.71% or $1.13 during the last trading session, reaching $158.74. About 1.12 million shares traded. Stryker Corporation (NYSE:SYK) has risen 24.95% since February 21, 2017 and is uptrending. It has outperformed by 8.25% the S&P500.

Donald Smith & Company Inc increased its stake in Aspen Insurance (AHL) by 90.97% based on its latest 2017Q3 regulatory filing with the SEC. Donald Smith & Company Inc bought 584,503 shares as the company’s stock declined 11.64% while stock markets rallied. The institutional investor held 1.23 million shares of the property-casualty insurers company at the end of 2017Q3, valued at $49.57M, up from 642,529 at the end of the previous reported quarter. Donald Smith & Company Inc who had been investing in Aspen Insurance for a number of months, seems to be bullish on the $2.21B market cap company. The stock decreased 1.72% or $0.65 during the last trading session, reaching $37.2. About 944,075 shares traded or 38.62% up from the average. Aspen Insurance Holdings Limited (NYSE:AHL) has risen 7.81% since February 21, 2017 and is uptrending. It has underperformed by 8.89% the S&P500.

Analysts await Stryker Corporation (NYSE:SYK) to report earnings on April, 24. They expect $1.60 earnings per share, up 8.11% or $0.12 from last year’s $1.48 per share. SYK’s profit will be $599.43 million for 24.80 P/E if the $1.60 EPS becomes a reality. After $1.96 actual earnings per share reported by Stryker Corporation for the previous quarter, Wall Street now forecasts -18.37% negative EPS growth.

Investors sentiment increased to 0.87 in Q3 2017. Its up 0.02, from 0.85 in 2017Q2. It improved, as 52 investors sold SYK shares while 330 reduced holdings. 56 funds opened positions while 275 raised stakes. 275.60 million shares or 0.51% more from 274.21 million shares in 2017Q2 were reported. Arrowstreet Capital Lp invested 0.07% in Stryker Corporation (NYSE:SYK). Busey Trust reported 4,722 shares. California-based Stonebridge Capital Mngmt Inc has invested 2.05% in Stryker Corporation (NYSE:SYK). Wealthtrust Fairport Ltd Llc has invested 1.13% of its portfolio in Stryker Corporation (NYSE:SYK). Covington invested in 1.22% or 129,774 shares. Rock Point Advisors Limited Liability Com has 52,330 shares for 3.46% of their portfolio. Nationwide Fund Advisors reported 89,093 shares or 0.05% of all its holdings. Chemical Bancorporation invested in 0.16% or 10,421 shares. Ballentine Ptnrs Ltd Company reported 4,100 shares. Diversified Trust invested 0.09% in Stryker Corporation (NYSE:SYK). Cap Int Investors invested in 0.06% or 352,651 shares. 33,498 were reported by Private Wealth Partners Ltd Liability Co. Enterprise Finance Svcs has 374 shares. Sva Plumb Wealth Mgmt Lc holds 42,729 shares or 0.75% of its portfolio. United Fire Gp has invested 0.29% in Stryker Corporation (NYSE:SYK).

Since February 1, 2018, it had 0 insider purchases, and 5 insider sales for $3.44 million activity. FRANCESCONI LOUISE sold $713,655 worth of stock. 7,400 shares were sold by COX HOWARD E JR, worth $1.21M. McLean Graham A had sold 2,984 shares worth $479,034. $818,792 worth of Stryker Corporation (NYSE:SYK) shares were sold by Carpenter Lonny J.

Credit Suisse Ag, which manages about $41.97B and $102.84B US Long portfolio, upped its stake in Valmont Inds Inc (NYSE:VMI) by 4,965 shares to 22,914 shares, valued at $3.62M in 2017Q3, according to the filing. It also increased its holding in Ii Vi Inc (NASDAQ:IIVI) by 40,763 shares in the quarter, for a total of 68,000 shares, and has risen its stake in Gramercy Ppty Tr.

Among 27 analysts covering Stryker Corporation (NYSE:SYK), 18 have Buy rating, 2 Sell and 7 Hold. Therefore 67% are positive. Stryker Corporation had 90 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Outperform” rating by RBC Capital Markets given on Friday, March 3. The stock has “Buy” rating by Canaccord Genuity on Wednesday, August 23. Nomura initiated Stryker Corporation (NYSE:SYK) on Thursday, March 17 with “Neutral” rating. Cowen & Co maintained it with “Buy” rating and $16000 target in Friday, July 28 report. The stock of Stryker Corporation (NYSE:SYK) has “Hold” rating given on Friday, July 28 by Oppenheimer. Oppenheimer maintained Stryker Corporation (NYSE:SYK) on Monday, June 19 with “Hold” rating. The firm has “Outperform” rating by RBC Capital Markets given on Friday, July 28. Needham maintained the shares of SYK in report on Friday, July 28 with “Sell” rating. Cantor Fitzgerald initiated Stryker Corporation (NYSE:SYK) on Friday, June 30 with “Neutral” rating. The firm has “Hold” rating given on Friday, August 25 by Needham.

Investors sentiment decreased to 1.05 in 2017 Q3. Its down 0.19, from 1.24 in 2017Q2. It dived, as 32 investors sold AHL shares while 66 reduced holdings. 33 funds opened positions while 70 raised stakes. 53.60 million shares or 1.19% less from 54.25 million shares in 2017Q2 were reported. Mason Street Advsrs Ltd Liability Corp holds 0.03% or 29,703 shares. Jacobs Levy Equity Management owns 367,008 shares for 0.29% of their portfolio. Principal Fincl has 248,254 shares for 0.01% of their portfolio. New York State Teachers Retirement owns 0% invested in Aspen Insurance Holdings Limited (NYSE:AHL) for 45,552 shares. Hbk Investments LP owns 56,700 shares. Qs Lc reported 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL). Martingale Asset Limited Partnership invested 0.16% in Aspen Insurance Holdings Limited (NYSE:AHL). Prelude Capital Mgmt Limited Liability, New York-based fund reported 2,850 shares. Canada Pension Plan Invest Board reported 29,000 shares. Rbf Cap Ltd holds 25,000 shares. Pnc Financial Gru Incorporated invested in 4,173 shares. Sei invested 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL). Massachusetts Fin Ma holds 0% of its portfolio in Aspen Insurance Holdings Limited (NYSE:AHL) for 151,122 shares. Cwm Limited Company invested in 0% or 15 shares. Cornerstone Cap Management Hldg Lc stated it has 0% in Aspen Insurance Holdings Limited (NYSE:AHL).

Among 5 analysts covering Aspen Insurance Holdings Ltd (NYSE:AHL), 0 have Buy rating, 1 Sell and 4 Hold. Therefore 0 are positive. Aspen Insurance Holdings Ltd had 12 analyst reports since July 30, 2015 according to SRatingsIntel. Deutsche Bank maintained Aspen Insurance Holdings Limited (NYSE:AHL) on Friday, November 6 with “Hold” rating. The rating was downgraded by UBS on Monday, January 9 to “Neutral”. The stock of Aspen Insurance Holdings Limited (NYSE:AHL) earned “Reduce” rating by Buckingham Research on Thursday, October 5. On Monday, October 16 the stock rating was maintained by Barclays Capital with “Equal-Weight”. The stock of Aspen Insurance Holdings Limited (NYSE:AHL) earned “Buy” rating by Buckingham Research on Monday, September 11. The firm earned “Neutral” rating on Monday, October 2 by UBS. The rating was maintained by UBS on Tuesday, September 19 with “Neutral”. The company was maintained on Thursday, July 27 by Barclays Capital. The stock of Aspen Insurance Holdings Limited (NYSE:AHL) earned “Neutral” rating by UBS on Friday, January 26. Piper Jaffray initiated it with “Neutral” rating and $56 target in Thursday, December 10 report.

Donald Smith & Company Inc, which manages about $6.25B and $4.15 billion US Long portfolio, decreased its stake in Photronics (NASDAQ:PLAB) by 515,291 shares to 4.75 million shares, valued at $42.06 million in 2017Q3, according to the filing. It also reduced its holding in Coeur Mining (NYSE:CDE) by 239,155 shares in the quarter, leaving it with 4.93M shares, and cut its stake in Resolute Forest Products (NYSE:RFP).

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By1 Peter Mason

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