Sectoral Asset Management Has Decreased Nuvasive (NUVA) Position; Allied Motion Technologies (AMOT)’s Sentiment Is 1.04

January 14, 2018 - By reb123z

Allied Motion Technologies Inc. designs, makes, and sells precision and specialty motion control components and systems that are used in a range of industries worldwide. The company has market cap of $333.12 million. It provides electronic motion control products, including integrated power electronics, digital controls, and network communications for motor control and power conversion; and fractional horsepower brushless DC motors for medical, industrial, and commercial aviation applications, such as dialysis equipment, industrial ink jet printers, cash dispensers, bar code readers, laser scanning equipment, fuel injection systems, HVAC actuators, waste water treatment equipment, dosing systems for the medical industry, and textile manufacturing and document handling equipment. It has a 36.78 P/E ratio. The firm also offers engineered fractional horsepower permanent magnet DC and brushless DC motors for a range of original equipment applications; and brushless DC motors, including servo motors, frameless motors, torque motors, high speed slotless motors, high resolution encoders, and motor/encoder assemblies for medical equipment, semiconductor, industrial, and aerospace and defense markets.

Sectoral Asset Management Inc decreased Nuvasive Inc (NUVA) stake by 66.36% reported in 2017Q3 SEC filing. Sectoral Asset Management Inc sold 260,999 shares as Nuvasive Inc (NUVA)’s stock declined 4.50%. The Sectoral Asset Management Inc holds 132,290 shares with $7.34M value, down from 393,289 last quarter. Nuvasive Inc now has $2.72 billion valuation. The stock increased 1.60% or $0.84 during the last trading session, reaching $53.33. About 1.56M shares traded or 78.63% up from the average. NuVasive, Inc. (NASDAQ:NUVA) has risen 33.31% since January 14, 2017 and is uptrending. It has outperformed by 16.61% the S&P500.

Among 22 analysts covering Nuvasive Inc. (NASDAQ:NUVA), 19 have Buy rating, 0 Sell and 3 Hold. Therefore 86% are positive. Nuvasive Inc. had 63 analyst reports since July 29, 2015 according to SRatingsIntel. Canaccord Genuity upgraded NuVasive, Inc. (NASDAQ:NUVA) rating on Tuesday, October 6. Canaccord Genuity has “Buy” rating and $58 target. BMO Capital Markets maintained NuVasive, Inc. (NASDAQ:NUVA) rating on Thursday, August 31. BMO Capital Markets has “Buy” rating and $85.0 target. UBS maintained the stock with “Buy” rating in Wednesday, August 16 report. RBC Capital Markets maintained NuVasive, Inc. (NASDAQ:NUVA) on Friday, September 8 with “Buy” rating. The stock of NuVasive, Inc. (NASDAQ:NUVA) has “Equal-Weight” rating given on Friday, October 6 by Morgan Stanley. The rating was maintained by Cowen & Co with “Outperform” on Wednesday, April 27. Barclays Capital maintained NuVasive, Inc. (NASDAQ:NUVA) on Wednesday, July 27 with “Overweight” rating. The firm earned “Buy” rating on Sunday, August 20 by RBC Capital Markets. The stock of NuVasive, Inc. (NASDAQ:NUVA) has “Outperform” rating given on Tuesday, October 6 by BMO Capital Markets. As per Tuesday, June 6, the company rating was maintained by RBC Capital Markets.

Investors sentiment decreased to 0.95 in Q3 2017. Its down 0.28, from 1.23 in 2017Q2. It turned negative, as 67 investors sold NUVA shares while 69 reduced holdings. 47 funds opened positions while 82 raised stakes. 53.88 million shares or 3.45% less from 55.81 million shares in 2017Q2 were reported. Barclays Public Ltd Com, United Kingdom-based fund reported 117,341 shares. 120,896 are held by Credit Suisse Ag. Oregon Public Employees Retirement Fund holds 18,677 shares or 0.02% of its portfolio. Guggenheim Limited Liability holds 187,827 shares. Next Fincl reported 740 shares. Commonwealth Of Pennsylvania Pub School Empls Retrmt stated it has 0.01% in NuVasive, Inc. (NASDAQ:NUVA). Penn Cap Mgmt reported 183,996 shares. Bluecrest Management Limited invested 0.03% of its portfolio in NuVasive, Inc. (NASDAQ:NUVA). Royal Savings Bank Of Canada holds 0.03% or 1.06M shares. Teacher Retirement Of Texas invested in 0% or 4,179 shares. Vanguard Group holds 0.01% of its portfolio in NuVasive, Inc. (NASDAQ:NUVA) for 4.26M shares. 13,600 are owned by Louisiana State Employees Retirement System. Gemmer Asset Mgmt Lc holds 99 shares or 0% of its portfolio. Keybank Natl Association Oh holds 9,159 shares. Prudential Financial owns 0% invested in NuVasive, Inc. (NASDAQ:NUVA) for 34,586 shares.

Sectoral Asset Management Inc increased Ra Pharmaceuticals stake by 99,332 shares to 278,082 valued at $4.06 million in 2017Q3. It also upped Clovis Oncology (NASDAQ:CLVS) stake by 219,799 shares and now owns 251,699 shares. La Jolla Pharmaceutical (NASDAQ:LJPC) was raised too.

Since August 17, 2017, it had 0 insider buys, and 1 insider sale for $256,621 activity. $256,621 worth of NuVasive, Inc. (NASDAQ:NUVA) shares were sold by HOWE LESLEY H.

Analysts await NuVasive, Inc. (NASDAQ:NUVA) to report earnings on February, 8. They expect $0.56 EPS, up 5.66% or $0.03 from last year’s $0.53 per share. NUVA’s profit will be $28.54 million for 23.81 P/E if the $0.56 EPS becomes a reality. After $0.52 actual EPS reported by NuVasive, Inc. for the previous quarter, Wall Street now forecasts 7.69% EPS growth.

The stock increased 1.15% or $0.4 during the last trading session, reaching $35.24. About 40,689 shares traded or 13.93% up from the average. Allied Motion Technologies Inc. (AMOT) has risen 17.46% since January 14, 2017 and is uptrending. It has outperformed by 0.76% the S&P500.

Analysts await Allied Motion Technologies Inc. (NASDAQ:AMOT) to report earnings on March, 12. They expect $0.23 earnings per share, up 187.50% or $0.15 from last year’s $0.08 per share. AMOT’s profit will be $2.17 million for 38.30 P/E if the $0.23 EPS becomes a reality. After $0.33 actual earnings per share reported by Allied Motion Technologies Inc. for the previous quarter, Wall Street now forecasts -30.30% negative EPS growth.

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