Sigma Planning Lowered Amerisourcebergen (ABC) Stake by $578,756; Msd Capital LP Has Decreased Stake in Asbury Automotive Group (ABG) by $6.40 Million as Market Valuation Declined

February 15, 2018 - By Michael Collier

Sigma Planning Corp decreased its stake in Amerisourcebergen Corp (ABC) by 47.95% based on its latest 2017Q3 regulatory filing with the SEC. Sigma Planning Corp sold 7,058 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 7,663 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $634,000, down from 14,721 at the end of the previous reported quarter. Sigma Planning Corp who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $21.39B market cap company. The stock increased 0.99% or $0.95 during the last trading session, reaching $97.35. About 2.30 million shares traded or 14.85% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 15, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.

Glenn Fuhrman decreased its stake in Asbury Automotive Group Inc (ABG) by 5.25% based on its latest 2017Q3 regulatory filing with the SEC. Msd Capital LP sold 104,949 shares as the company’s stock declined 15.17% while stock markets rallied. The hedge fund run by Glenn Fuhrman held 1.90 million shares of the automotive aftermarket company at the end of 2017Q3, valued at $115.83M, down from 2.00 million at the end of the previous reported quarter. Msd Capital LP who had been investing in Asbury Automotive Group Inc for a number of months, seems to be less bullish one the $1.43 billion market cap company. The stock increased 0.15% or $0.1 during the last trading session, reaching $68.5. About 144,936 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 7.55% since February 15, 2017 and is uptrending. It has underperformed by 9.15% the S&P500.

Investors sentiment decreased to 0.91 in Q3 2017. Its down 0.12, from 1.03 in 2017Q2. It fall, as 18 investors sold ABG shares while 52 reduced holdings. 19 funds opened positions while 45 raised stakes. 20.68 million shares or 2.75% less from 21.26 million shares in 2017Q2 were reported. Janney Montgomery Scott Limited Liability Corp invested 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Thrivent For Lutherans, Minnesota-based fund reported 11,358 shares. Deutsche Financial Bank Ag accumulated 306,708 shares. Guggenheim Cap Lc holds 0.01% of its portfolio in Asbury Automotive Group, Inc. (NYSE:ABG) for 71,778 shares. Peak6 Invests Limited Partnership stated it has 11 shares. Eminence Cap Limited Partnership reported 1.89% stake. Sector Pension Inv Board owns 12,014 shares for 0% of their portfolio. Timessquare Cap Lc reported 464,400 shares. State Street Corporation has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG). Texas Permanent School Fund reported 0.01% in Asbury Automotive Group, Inc. (NYSE:ABG). Price T Rowe Assoc Inc Md has invested 0% in Asbury Automotive Group, Inc. (NYSE:ABG). Parkside Bancshares And Trust reported 16 shares. Ls Inv Advsrs Limited Liability reported 661 shares or 0% of all its holdings. Morgan Stanley owns 288,559 shares or 0.01% of their US portfolio. Moreover, Arizona State Retirement has 0.01% invested in Asbury Automotive Group, Inc. (NYSE:ABG).

Msd Capital L P, which manages about $237.27 million US Long portfolio, upped its stake in Dineequity Inc (NYSE:DIN) by 39,689 shares to 740,545 shares, valued at $31.83 million in 2017Q3, according to the filing.

Since August 14, 2017, it had 0 insider purchases, and 3 selling transactions for $5.20 million activity. 28,575 Asbury Automotive Group, Inc. (NYSE:ABG) shares with value of $1.96 million were sold by MONAGHAN CRAIG T. MSD CAPITAL LP sold $5.38M worth of Asbury Automotive Group, Inc. (NYSE:ABG) on Monday, August 14. The insider ALSFINE JOEL sold 104,949 shares worth $5.38M.

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 24 analyst reports since July 22, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, September 8 by Craig Hallum. Craig Hallum maintained Asbury Automotive Group, Inc. (NYSE:ABG) rating on Wednesday, July 26. Craig Hallum has “Hold” rating and $5500 target. The stock has “Hold” rating by Craig Hallum on Wednesday, February 7. On Tuesday, October 3 the stock rating was maintained by KeyBanc Capital Markets with “Hold”. The firm earned “Hold” rating on Friday, June 2 by Jefferies. The stock has “Neutral” rating by Buckingham Research on Monday, August 31. KeyBanc Capital Markets maintained it with “Buy” rating and $100 target in Friday, August 28 report. BB&T Capital downgraded Asbury Automotive Group, Inc. (NYSE:ABG) on Monday, October 26 to “Hold” rating. On Thursday, October 22 the stock rating was upgraded by Bank of America to “Buy”. The firm has “Hold” rating by Jefferies given on Thursday, July 6.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 69 analyst reports since July 27, 2015 according to SRatingsIntel. On Thursday, February 4 the stock rating was maintained by FBR Capital with “Mkt Perform”. The rating was downgraded by Leerink Swann to “Mkt Perform” on Friday, November 4. The firm has “Hold” rating by Jefferies given on Wednesday, February 7. The stock has “Buy” rating by Needham on Friday, November 3. The company was maintained on Tuesday, May 30 by Mizuho. As per Monday, August 7, the company rating was maintained by Leerink Swann. The firm has “Outperform” rating given on Thursday, October 5 by Robert W. Baird. Needham maintained it with “Buy” rating and $91.0 target in Friday, September 8 report. As per Friday, May 6, the company rating was maintained by RBC Capital Markets. The rating was maintained by Robert W. Baird with “Buy” on Monday, November 6.

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