Main Street Research Increased Abbvie (ABBV) Holding by $8.57 Million as Valuation Rose; Lonestar Capital Management Raised Holding in Xpo Logistics (XPO) as Share Price Rose

January 23, 2018 - By Stephen Andrade

Jerome L. Simon increased its stake in Xpo Logistics Inc (XPO) by 38.89% based on its latest 2017Q3 regulatory filing with the SEC. Lonestar Capital Management Llc bought 70,000 shares as the company’s stock rose 7.25% with the market. The hedge fund run by Jerome L. Simon held 250,000 shares of the consumer services company at the end of 2017Q3, valued at $16.95 million, up from 180,000 at the end of the previous reported quarter. Lonestar Capital Management Llc who had been investing in Xpo Logistics Inc for a number of months, seems to be bullish on the $11.55 billion market cap company. The stock decreased 0.84% or $0.82 during the last trading session, reaching $96.3. About 994,580 shares traded. XPO Logistics, Inc. (NYSE:XPO) has risen 103.27% since January 23, 2017 and is uptrending. It has outperformed by 86.57% the S&P500.

Main Street Research Llc increased its stake in Abbvie Inc (ABBV) by 217.65% based on its latest 2017Q3 regulatory filing with the SEC. Main Street Research Llc bought 97,386 shares as the company’s stock rose 6.17% with the market. The institutional investor held 142,131 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $12.63M, up from 44,745 at the end of the previous reported quarter. Main Street Research Llc who had been investing in Abbvie Inc for a number of months, seems to be bullish on the $168.22 billion market cap company. The stock decreased 1.05% or $1.12 during the last trading session, reaching $105.37. About 4.01 million shares traded. AbbVie Inc. (NYSE:ABBV) has risen 10.63% since January 23, 2017 and is uptrending. It has underperformed by 6.07% the S&P500.

Main Street Research Llc, which manages about $503.46M and $619.66M US Long portfolio, decreased its stake in Tjx Companies Inc (NYSE:TJX) by 12,635 shares to 116,603 shares, valued at $8.60M in 2017Q3, according to the filing. It also reduced its holding in Facebook Inc (NASDAQ:FB) by 1,982 shares in the quarter, leaving it with 124,131 shares, and cut its stake in Starbucks Corp (NASDAQ:SBUX).

Since July 31, 2017, it had 0 insider purchases, and 8 insider sales for $45.57 million activity. Gosebruch Henry O sold $1.66 million worth of stock or 18,300 shares. 87,040 shares were sold by RICHMOND TIMOTHY J., worth $8.57 million. The insider Schumacher Laura J sold 145,510 shares worth $14.07M. $589,512 worth of AbbVie Inc. (NYSE:ABBV) was sold by Michael Robert A. on Thursday, September 28. Shares for $705,655 were sold by SALEKI-GERHARDT AZITA on Monday, September 11.

Investors sentiment decreased to 0.85 in Q3 2017. Its down 0.15, from 1 in 2017Q2. It dropped, as 55 investors sold ABBV shares while 640 reduced holdings. 132 funds opened positions while 462 raised stakes. 1.06 billion shares or 1.89% more from 1.04 billion shares in 2017Q2 were reported. Florida-based Steinberg Glob Asset Management has invested 1.08% in AbbVie Inc. (NYSE:ABBV). Lombard Odier Asset Management (Europe), a United Kingdom-based fund reported 18,518 shares. Manchester Capital Management Limited Co reported 6,439 shares or 0.09% of all its holdings. State Of Alaska Department Of Revenue owns 26,025 shares for 0.12% of their portfolio. 13,120 are owned by Norman Fields Gottscho Capital Mgmt Limited Liability. The New Hampshire-based Harvest Mngmt has invested 0.13% in AbbVie Inc. (NYSE:ABBV). Ngam Advisors LP has invested 0.25% in AbbVie Inc. (NYSE:ABBV). 6.00 million were reported by Royal Bank Of Canada. Brandywine Trust owns 12.83% invested in AbbVie Inc. (NYSE:ABBV) for 161,371 shares. Shoker Investment Counsel invested in 1.71% or 25,438 shares. 238,672 are held by Mckinley Cap Management Ltd Liability Corp Delaware. Quantitative Investment Management Lc has 0.33% invested in AbbVie Inc. (NYSE:ABBV) for 323,400 shares. Albion Fincl Ut has invested 0.08% of its portfolio in AbbVie Inc. (NYSE:ABBV). Natixis has 0.24% invested in AbbVie Inc. (NYSE:ABBV). Monroe Savings Bank Trust Mi holds 0.03% of its portfolio in AbbVie Inc. (NYSE:ABBV) for 1,214 shares.

Among 21 analysts covering Abbvie Inc (NYSE:ABBV), 11 have Buy rating, 1 Sell and 9 Hold. Therefore 52% are positive. Abbvie Inc had 71 analyst reports since July 21, 2015 according to SRatingsIntel. The stock has “Overweight” rating by Morgan Stanley on Monday, November 2. The firm earned “Buy” rating on Friday, July 14 by Jefferies. The rating was downgraded by BMO Capital Markets to “Market Perform” on Friday, June 10. The stock of AbbVie Inc. (NYSE:ABBV) has “Buy” rating given on Friday, August 18 by Jefferies. Jefferies maintained AbbVie Inc. (NYSE:ABBV) on Monday, July 17 with “Buy” rating. UBS maintained AbbVie Inc. (NYSE:ABBV) on Friday, October 13 with “Neutral” rating. Jefferies maintained AbbVie Inc. (NYSE:ABBV) on Thursday, May 25 with “Buy” rating. The firm earned “Equal-Weight” rating on Friday, October 13 by Barclays Capital. The company was downgraded on Wednesday, June 8 by Morgan Stanley. The rating was initiated by Deutsche Bank on Tuesday, March 15 with “Hold”.

Among 21 analysts covering XPO Logistics (NYSE:XPO), 19 have Buy rating, 0 Sell and 2 Hold. Therefore 90% are positive. XPO Logistics had 67 analyst reports since August 7, 2015 according to SRatingsIntel. Macquarie Research maintained the stock with “Outperform” rating in Wednesday, December 27 report. On Tuesday, August 9 the stock rating was maintained by Oppenheimer with “Outperform”. Cowen & Co maintained the shares of XPO in report on Monday, July 10 with “Buy” rating. JP Morgan initiated XPO Logistics, Inc. (NYSE:XPO) on Monday, July 11 with “Overweight” rating. Oppenheimer maintained XPO Logistics, Inc. (NYSE:XPO) on Wednesday, November 11 with “Outperform” rating. The rating was maintained by KeyBanc Capital Markets on Tuesday, September 5 with “Buy”. The stock of XPO Logistics, Inc. (NYSE:XPO) has “Positive” rating given on Tuesday, December 20 by Susquehanna. The rating was maintained by Stephens on Monday, January 8 with “Hold”. The stock of XPO Logistics, Inc. (NYSE:XPO) has “Buy” rating given on Friday, November 3 by Cowen & Co. The rating was maintained by Oppenheimer with “Outperform” on Monday, November 6.

Investors sentiment increased to 1.83 in Q3 2017. Its up 0.25, from 1.58 in 2017Q2. It increased, as 28 investors sold XPO shares while 76 reduced holdings. 76 funds opened positions while 114 raised stakes. 96.74 million shares or 19.39% more from 81.03 million shares in 2017Q2 were reported. Fagan Assocs holds 40,585 shares or 1.36% of its portfolio. Boothbay Fund Management Lc stated it has 3,610 shares or 0.04% of all its holdings. Virtu Ltd Liability Co has invested 0% of its portfolio in XPO Logistics, Inc. (NYSE:XPO). Highland Mngmt Lc holds 0.04% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 7,237 shares. Boston owns 78,130 shares. Oak Ridge Invests Ltd Liability Co holds 0.4% or 146,955 shares. Horizon Kinetics holds 0.01% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 6,229 shares. Cls Invests Ltd Company holds 0% of its portfolio in XPO Logistics, Inc. (NYSE:XPO) for 72 shares. 2,000 were reported by Brown Brothers Harriman &. Credit Suisse Ag has invested 0.01% in XPO Logistics, Inc. (NYSE:XPO). Aperio Group Inc Ltd Liability Corp holds 11,996 shares or 0% of its portfolio. Two Sigma Ltd Liability Corp, a New York-based fund reported 3,489 shares. Moreover, Spruce House Invest Mngmt Ltd has 33.93% invested in XPO Logistics, Inc. (NYSE:XPO) for 7.75 million shares. Dana Invest Advsrs has 79,707 shares for 0.25% of their portfolio. Fil Limited invested 0% in XPO Logistics, Inc. (NYSE:XPO).

Lonestar Capital Management Llc, which manages about $452.36 million US Long portfolio, decreased its stake in Apollo Global Mgmt Llc (NYSE:APO) by 60,000 shares to 340,000 shares, valued at $10.23M in 2017Q3, according to the filing.

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