Teva Pharmaceutical Industries LTD (TEVA) Holder Shelter Mutual Insurance Co Has Upped Holding by $618,800 as Share Value Declined; Ejf Capital Boosted Flagstar Bancorp (FBC) Stake by $15.18 Million

February 21, 2018 - By reb123z

Emanuel J. Friedman increased its stake in Flagstar Bancorp Inc (FBC) by 57.85% based on its latest 2017Q3 regulatory filing with the SEC. Ejf Capital Llc bought 433,841 shares as the company’s stock rose 1.37% with the market. The hedge fund run by Emanuel J. Friedman held 1.18 million shares of the finance company at the end of 2017Q3, valued at $42.00M, up from 750,000 at the end of the previous reported quarter. Ejf Capital Llc who had been investing in Flagstar Bancorp Inc for a number of months, seems to be bullish on the $2.03 billion market cap company. The stock decreased 0.76% or $0.27 during the last trading session, reaching $35.41. About 121,763 shares traded. Flagstar Bancorp, Inc. (NYSE:FBC) has risen 24.05% since February 21, 2017 and is uptrending. It has outperformed by 7.35% the S&P500.

Shelter Mutual Insurance Co increased its stake in Teva Pharmaceutical Industries Ltd (TEVA) by 910% based on its latest 2017Q3 regulatory filing with the SEC. Shelter Mutual Insurance Co bought 36,400 shares as the company’s stock declined 15.11% while stock markets rallied. The institutional investor held 40,400 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $711,000, up from 4,000 at the end of the previous reported quarter. Shelter Mutual Insurance Co who had been investing in Teva Pharmaceutical Industries Ltd for a number of months, seems to be bullish on the $20.32 billion market cap company. The stock decreased 4.40% or $0.92 during the last trading session, reaching $19.98. About 17.82 million shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 21, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Shelter Mutual Insurance Co, which manages about $320.56 million US Long portfolio, decreased its stake in Core Laboratories N.V. (NYSE:CLB) by 3,500 shares to 37,400 shares, valued at $3.69 million in 2017Q3, according to the filing. It also reduced its holding in Franklin Resources (NYSE:BEN) by 9,400 shares in the quarter, leaving it with 101,210 shares, and cut its stake in Illinois Tool Works (NYSE:ITW).

Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, August 30, the company rating was maintained by Cantor Fitzgerald. On Friday, February 9 the stock rating was maintained by Leerink Swann with “Underperform”. Barclays Capital maintained Teva Pharmaceutical Industries Limited (NYSE:TEVA) on Friday, October 20 with “Equal-Weight” rating. The rating was maintained by Argus Research with “Buy” on Tuesday, July 28. The firm earned “Hold” rating on Tuesday, July 25 by Jefferies. The firm has “Outperform” rating by Credit Suisse given on Monday, February 12. The rating was maintained by RBC Capital Markets with “Sell” on Wednesday, January 24. The rating was reinitiated by JP Morgan on Monday, August 3 with “Overweight”. Credit Suisse downgraded the stock to “Underperform” rating in Thursday, August 24 report. As per Tuesday, January 30, the company rating was maintained by RBC Capital Markets.

Investors sentiment increased to 1.08 in Q3 2017. Its up 0.02, from 1.06 in 2017Q2. It is positive, as 10 investors sold FBC shares while 38 reduced holdings. 15 funds opened positions while 37 raised stakes. 55.79 million shares or 1.54% more from 54.95 million shares in 2017Q2 were reported. Opus Cap Grp Lc accumulated 112,916 shares. Point72 Asia (Hong Kong) Limited accumulated 1,363 shares. Schneider Capital owns 140,871 shares. Moreover, Panagora Asset Management has 0.04% invested in Flagstar Bancorp, Inc. (NYSE:FBC). Virginia Retirement Sys Et Al reported 22,800 shares. 168,687 are held by National Bank & Trust Of Ny Mellon. Pnc Svcs Grp Inc owns 0% invested in Flagstar Bancorp, Inc. (NYSE:FBC) for 1,162 shares. The New York-based Citigroup has invested 0% in Flagstar Bancorp, Inc. (NYSE:FBC). National Bank Of America De has invested 0% of its portfolio in Flagstar Bancorp, Inc. (NYSE:FBC). Nationwide Fund Advsrs holds 0.01% or 91,844 shares in its portfolio. Fny Managed Accounts stated it has 2,056 shares. Nordea Investment Management Ab holds 0.02% of its portfolio in Flagstar Bancorp, Inc. (NYSE:FBC) for 238,400 shares. Banc Funds Communication Ltd Liability Corporation owns 268,600 shares for 0.43% of their portfolio. Truenorth has 11,409 shares. Edge Wealth Limited Liability Company stated it has 0% in Flagstar Bancorp, Inc. (NYSE:FBC).

Among 10 analysts covering Flagstar Bancorp (NYSE:FBC), 6 have Buy rating, 0 Sell and 4 Hold. Therefore 60% are positive. Flagstar Bancorp had 30 analyst reports since July 29, 2015 according to SRatingsIntel. Wood downgraded the shares of FBC in report on Monday, November 2 to “Market Perform” rating. Piper Jaffray maintained the stock with “Buy” rating in Wednesday, October 18 report. The company was maintained on Tuesday, January 23 by Piper Jaffray. The rating was maintained by FBR Capital on Wednesday, January 24 with “Buy”. Wood upgraded the shares of FBC in report on Tuesday, June 28 to “Outperform” rating. The firm has “Neutral” rating by Wedbush given on Tuesday, October 11. Keefe Bruyette & Woods maintained Flagstar Bancorp, Inc. (NYSE:FBC) rating on Thursday, December 21. Keefe Bruyette & Woods has “Hold” rating and $43.0 target. The rating was maintained by Keefe Bruyette & Woods on Friday, May 26 with “Hold”. The company was maintained on Wednesday, December 27 by FBR Capital. The stock of Flagstar Bancorp, Inc. (NYSE:FBC) has “Buy” rating given on Wednesday, December 27 by Boenning & Scattergood.

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