Lmm Increases Holding in Valeant Pharmaceuticals Intl (VRX); Overland Advisors Decreased Akorn (AKRX) Holding by $6.61 Million

February 15, 2018 - By Ellis Scott

Lmm Llc increased its stake in Valeant Pharmaceuticals Intl (VRX) by 297.86% based on its latest 2017Q3 regulatory filing with the SEC. Lmm Llc bought 5.15M shares as the company’s stock declined 15.71% while stock markets rallied. The institutional investor held 6.88M shares of the health care company at the end of 2017Q3, valued at $98.63 million, up from 1.73M at the end of the previous reported quarter. Lmm Llc who had been investing in Valeant Pharmaceuticals Intl for a number of months, seems to be bullish on the $6.49 billion market cap company. The stock increased 1.44% or $0.265 during the last trading session, reaching $18.635. About 5.02M shares traded. Valeant Pharmaceuticals International, Inc. (NYSE:VRX) has declined 48.51% since February 15, 2017 and is downtrending. It has underperformed by 65.21% the S&P500.

Gordy Holterman decreased its stake in Akorn Inc (AKRX) by 50.08% based on its latest 2017Q3 regulatory filing with the SEC. Overland Advisors Llc sold 200,337 shares as the company’s stock rose 52.48% with the market. The hedge fund run by Gordy Holterman held 199,663 shares of the health care company at the end of 2017Q3, valued at $6.63 million, down from 400,000 at the end of the previous reported quarter. Overland Advisors Llc who had been investing in Akorn Inc for a number of months, seems to be less bullish one the $3.94 billion market cap company. The stock increased 0.70% or $0.22 during the last trading session, reaching $31.52. About 123,060 shares traded. Akorn, Inc. (NASDAQ:AKRX) has risen 12.04% since February 15, 2017 and is uptrending. It has underperformed by 4.66% the S&P500.

Among 16 analysts covering Akorn Inc (NASDAQ:AKRX), 5 have Buy rating, 2 Sell and 9 Hold. Therefore 31% are positive. Akorn Inc had 36 analyst reports since July 21, 2015 according to SRatingsIntel. Piper Jaffray maintained the stock with “Hold” rating in Tuesday, August 8 report. As per Monday, July 17, the company rating was maintained by Jefferies. As per Friday, August 5, the company rating was downgraded by Deutsche Bank. RBC Capital Markets maintained the shares of AKRX in report on Tuesday, June 27 with “Hold” rating. RBC Capital Markets maintained the stock with “Hold” rating in Sunday, July 30 report. The rating was maintained by Jefferies on Wednesday, March 23 with “Buy”. The rating was maintained by RBC Capital Markets with “Hold” on Sunday, November 5. The firm has “Neutral” rating by Nomura given on Tuesday, September 29. The firm has “Market Perform” rating given on Tuesday, August 2 by Raymond James. On Wednesday, September 9 the stock rating was initiated by JMP Securities with “Market Perform”.

Overland Advisors Llc, which manages about $4.50B and $1.60 billion US Long portfolio, upped its stake in Moneygram Intl Inc (NASDAQ:MGI) by 28,927 shares to 460,157 shares, valued at $7.41M in 2017Q3, according to the filing.

Lmm Llc, which manages about $2.57 billion and $2.33 billion US Long portfolio, decreased its stake in Wayfair Inc (NYSE:W) by 308,375 shares to 842,125 shares, valued at $56.76M in 2017Q3, according to the filing. It also reduced its holding in Apple Inc (NASDAQ:AAPL) by 1.47M shares in the quarter, leaving it with 3,115 shares, and cut its stake in Mgm Growth Pptys Llc.

Investors sentiment decreased to 0.99 in Q3 2017. Its down 0.09, from 1.08 in 2017Q2. It worsened, as 43 investors sold VRX shares while 68 reduced holdings. 27 funds opened positions while 83 raised stakes. 169.87 million shares or 1.18% less from 171.89 million shares in 2017Q2 were reported. Cubist Systematic Strategies Ltd Llc reported 56,119 shares stake. Phoenix Invest Adviser Llc reported 59,700 shares. Susquehanna Limited Liability Partnership holds 0.04% or 5.71 million shares. 696,661 are owned by Van Eck Associates. Moreover, Raymond James Financial Services Advsrs Inc has 0.01% invested in Valeant Pharmaceuticals International, Inc. (NYSE:VRX). Texas-based Stanley Mngmt Limited Liability Corp has invested 1.77% in Valeant Pharmaceuticals International, Inc. (NYSE:VRX). Parametric Portfolio Lc, Washington-based fund reported 980,919 shares. Legal & General Gp Public Ltd Com has 0.02% invested in Valeant Pharmaceuticals International, Inc. (NYSE:VRX). State Of Wisconsin Board holds 0.01% or 208,356 shares. Moreover, Bancorp Of America Corp De has 0% invested in Valeant Pharmaceuticals International, Inc. (NYSE:VRX). Gp One Trading Limited Partnership reported 1.98 million shares or 0.26% of all its holdings. Citadel Advsr Ltd Limited Liability Company, a Illinois-based fund reported 1.63M shares. Cambridge Advsrs has 12,625 shares. Webster Natl Bank N A holds 0% or 300 shares in its portfolio. Moreover, Axa has 0% invested in Valeant Pharmaceuticals International, Inc. (NYSE:VRX).

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By1 Ellis Scott

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