Moon Capital Management Lowered Its Agco (AGCO) Holding as Stock Price Rose; Granahan Investment Management Has Lowered Alkermes (ALKS) Position by $2.62 Million

January 17, 2018 - By Michael Collier

Moon Capital Management Llc decreased its stake in Agco Corporation (AGCO) by 53.74% based on its latest 2017Q3 regulatory filing with the SEC. Moon Capital Management Llc sold 40,857 shares as the company’s stock rose 0.30% with the market. The institutional investor held 35,174 shares of the industrial machinery and components company at the end of 2017Q3, valued at $2.59 million, down from 76,031 at the end of the previous reported quarter. Moon Capital Management Llc who had been investing in Agco Corporation for a number of months, seems to be less bullish one the $5.80 billion market cap company. The stock increased 0.36% or $0.26 during the last trading session, reaching $72.9. About 257,646 shares traded. AGCO Corporation (NYSE:AGCO) has risen 25.79% since January 17, 2017 and is uptrending. It has outperformed by 9.09% the S&P500.

Granahan Investment Management Inc decreased its stake in Alkermes (ALKS) by 34% based on its latest 2017Q3 regulatory filing with the SEC. Granahan Investment Management Inc sold 52,365 shares as the company’s stock rose 6.12% with the market. The hedge fund held 101,640 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $5.17 million, down from 154,005 at the end of the previous reported quarter. Granahan Investment Management Inc who had been investing in Alkermes for a number of months, seems to be less bullish one the $8.66B market cap company. The stock decreased 0.51% or $0.29 during the last trading session, reaching $56.28. About 380,457 shares traded. Alkermes plc (NASDAQ:ALKS) has risen 47.50% since January 17, 2017 and is uptrending. It has outperformed by 30.80% the S&P500.

Among 19 analysts covering Agco Corporation (NYSE:AGCO), 5 have Buy rating, 3 Sell and 11 Hold. Therefore 26% are positive. Agco Corporation had 65 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Neutral” rating given on Monday, August 24 by Piper Jaffray. As per Wednesday, October 12, the company rating was maintained by Barclays Capital. William Blair upgraded AGCO Corporation (NYSE:AGCO) on Tuesday, July 11 to “Outperform” rating. The stock of AGCO Corporation (NYSE:AGCO) earned “Hold” rating by Piper Jaffray on Wednesday, August 9. As per Monday, May 1, the company rating was upgraded by JP Morgan. The stock has “Sell” rating by Bank of America on Friday, October 13. The firm has “Hold” rating given on Wednesday, October 12 by Deutsche Bank. Jefferies maintained AGCO Corporation (NYSE:AGCO) rating on Wednesday, August 30. Jefferies has “Hold” rating and $75.0 target. Jefferies maintained the stock with “Hold” rating in Thursday, July 27 report. Bank of America upgraded AGCO Corporation (NYSE:AGCO) on Monday, June 19 to “Neutral” rating.

Investors sentiment decreased to 0.81 in 2017 Q3. Its down 0.04, from 0.85 in 2017Q2. It turned negative, as 25 investors sold AGCO shares while 124 reduced holdings. 40 funds opened positions while 81 raised stakes. 64.46 million shares or 1.81% more from 63.32 million shares in 2017Q2 were reported. Ww Asset, Michigan-based fund reported 5,053 shares. Zacks Inv Management reported 25,355 shares. First Personal Finance Serv, a North Carolina-based fund reported 514 shares. Cornerstone Capital Mngmt Limited Liability Com reported 8,427 shares. Teachers Retirement System Of The State Of Kentucky stated it has 14,280 shares or 0.01% of all its holdings. 5,892 are owned by Art Advsrs Limited Liability. First Ltd Partnership holds 172,994 shares or 0.03% of its portfolio. Advantus Cap Mngmt reported 8,325 shares or 0.02% of all its holdings. C M Bidwell & Assoc holds 7,890 shares or 0.89% of its portfolio. Ameriprise Fin Inc stated it has 0.01% in AGCO Corporation (NYSE:AGCO). Great West Life Assurance Communication Can holds 51,482 shares. Manufacturers Life The holds 97,353 shares or 0.01% of its portfolio. Dekabank Deutsche Girozentrale reported 19,636 shares. Winslow Evans & Crocker Incorporated stated it has 0% in AGCO Corporation (NYSE:AGCO). State Treasurer State Of Michigan holds 0.01% or 24,800 shares.

Since August 1, 2017, it had 0 insider buys, and 4 insider sales for $1.92 million activity. 10,000 AGCO Corporation (NYSE:AGCO) shares with value of $721,836 were sold by BECK ANDREW H. $73,000 worth of AGCO Corporation (NYSE:AGCO) was sold by Smith Lucinda B. The insider Crain Robert B sold 15,000 shares worth $1.08M.

Analysts await AGCO Corporation (NYSE:AGCO) to report earnings on February, 6. They expect $1.11 EPS, up 32.14% or $0.27 from last year’s $0.84 per share. AGCO’s profit will be $88.30 million for 16.42 P/E if the $1.11 EPS becomes a reality. After $0.79 actual EPS reported by AGCO Corporation for the previous quarter, Wall Street now forecasts 40.51% EPS growth.

Investors sentiment decreased to 1.04 in 2017 Q3. Its down 0.08, from 1.12 in 2017Q2. It dropped, as 32 investors sold ALKS shares while 64 reduced holdings. 32 funds opened positions while 68 raised stakes. 144.69 million shares or 1.07% more from 143.16 million shares in 2017Q2 were reported. Next Fincl holds 0% or 25 shares. Moreover, Northwestern Mutual Wealth has 0% invested in Alkermes plc (NASDAQ:ALKS). Sumitomo Mitsui Asset Management Com holds 0.01% or 11,262 shares in its portfolio. New York-based Blackrock has invested 0.03% in Alkermes plc (NASDAQ:ALKS). Fiera Capital reported 0.15% stake. Axa accumulated 166,926 shares or 0.04% of the stock. 50 were reported by Solaris Asset Mgmt. Dimensional Fund Limited Partnership holds 198,135 shares. Suntrust Banks reported 48,164 shares or 0.01% of all its holdings. Legal General Group Inc Public Ltd Co stated it has 0.03% in Alkermes plc (NASDAQ:ALKS). Zurcher Kantonalbank (Zurich Cantonalbank) holds 33,393 shares or 0.02% of its portfolio. Thornburg Mngmt Incorporated accumulated 2.78 million shares. Campbell And Company Adviser Ltd Liability Corporation reported 0.77% of its portfolio in Alkermes plc (NASDAQ:ALKS). Jpmorgan Chase & Company accumulated 1,442 shares or 0% of the stock. Grp One Trading Ltd Partnership owns 3,596 shares or 0% of their US portfolio.

Among 13 analysts covering Alkermes (NASDAQ:ALKS), 8 have Buy rating, 0 Sell and 5 Hold. Therefore 62% are positive. Alkermes had 34 analyst reports since September 1, 2015 according to SRatingsIntel. The stock of Alkermes plc (NASDAQ:ALKS) has “Equal-Weight” rating given on Monday, October 16 by Barclays Capital. Leerink Swann maintained Alkermes plc (NASDAQ:ALKS) rating on Thursday, January 21. Leerink Swann has “Outperform” rating and $58 target. The rating was upgraded by JP Morgan on Friday, October 21 to “Overweight”. On Thursday, July 27 the stock rating was maintained by Cantor Fitzgerald with “Hold”. The stock of Alkermes plc (NASDAQ:ALKS) earned “Overweight” rating by Barclays Capital on Wednesday, October 7. The stock of Alkermes plc (NASDAQ:ALKS) has “Outperform” rating given on Friday, October 21 by Leerink Swann. Cowen & Co upgraded Alkermes plc (NASDAQ:ALKS) on Tuesday, July 26 to “Market Perform” rating. The firm has “Buy” rating given on Thursday, August 24 by Jefferies. The stock of Alkermes plc (NASDAQ:ALKS) has “Market Perform” rating given on Tuesday, June 13 by Leerink Swann. The stock of Alkermes plc (NASDAQ:ALKS) has “Buy” rating given on Thursday, May 26 by Evercore.

Granahan Investment Management Inc, which manages about $3.81B and $1.20 billion US Long portfolio, upped its stake in Echo Global Logistics (NASDAQ:ECHO) by 793,366 shares to 840,893 shares, valued at $15.85 million in 2017Q3, according to the filing. It also increased its holding in Tactile Systems Technology by 113,572 shares in the quarter, for a total of 197,537 shares, and has risen its stake in Cardiovascular Systems (NASDAQ:CSII).

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