As Akorn (AKRX) Market Value Declined, Lsv Asset Management Has Cut Position by $752,000; As Mondelez International (MDLZ) Valuation Declined, Etrade Capital Management Has Upped Position

May 22, 2018 - By Maria Brooks

Mondelez International, Inc. (NASDAQ:MDLZ) Logo

Lsv Asset Management decreased its stake in Akorn Inc. (AKRX) by 19.97% based on its latest 2017Q4 regulatory filing with the SEC. Lsv Asset Management sold 23,500 shares as the company’s stock declined 40.46% with the market. The institutional investor held 94,205 shares of the health care company at the end of 2017Q4, valued at $3.04M, down from 117,705 at the end of the previous reported quarter. Lsv Asset Management who had been investing in Akorn Inc. for a number of months, seems to be less bullish one the $1.76B market cap company. The stock increased 0.43% or $0.06 during the last trading session, reaching $14.04. About 1.78M shares traded. Akorn, Inc. (NASDAQ:AKRX) has declined 20.35% since May 22, 2017 and is downtrending. It has underperformed by 31.90% the S&P500.

Etrade Capital Management Llc increased its stake in Mondelez International Inc (MDLZ) by 13.22% based on its latest 2017Q4 regulatory filing with the SEC. Etrade Capital Management Llc bought 12,461 shares as the company’s stock declined 5.65% with the market. The institutional investor held 106,717 shares of the consumer non-durables company at the end of 2017Q4, valued at $4.57 million, up from 94,256 at the end of the previous reported quarter. Etrade Capital Management Llc who had been investing in Mondelez International Inc for a number of months, seems to be bullish on the $58.03B market cap company. The stock decreased 0.78% or $0.31 during the last trading session, reaching $39.34. About 5.63 million shares traded. Mondelez International, Inc. (NASDAQ:MDLZ) has declined 6.02% since May 22, 2017 and is downtrending. It has underperformed by 17.57% the S&P500.

Lsv Asset Management, which manages about $82.68 billion and $63.35 billion US Long portfolio, upped its stake in Westrock Company by 55,397 shares to 880,553 shares, valued at $55.66 million in 2017Q4, according to the filing. It also increased its holding in National Western Life Group Inc. by 1,000 shares in the quarter, for a total of 14,427 shares, and has risen its stake in Cirrus Logic Inc. (NASDAQ:CRUS).

Among 17 analysts covering Akorn Inc (NASDAQ:AKRX), 4 have Buy rating, 2 Sell and 11 Hold. Therefore 24% are positive. Akorn Inc had 42 analyst reports since July 21, 2015 according to SRatingsIntel. Nomura initiated Akorn, Inc. (NASDAQ:AKRX) on Tuesday, September 29 with “Neutral” rating. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Underperform” rating given on Monday, November 7 by Bank of America. Jefferies maintained the stock with “Hold” rating in Tuesday, September 5 report. RBC Capital Markets maintained Akorn, Inc. (NASDAQ:AKRX) on Friday, May 26 with “Hold” rating. On Wednesday, December 2 the stock rating was upgraded by Nomura to “Buy”. Piper Jaffray maintained it with “Hold” rating and $34.0 target in Friday, October 20 report. Susquehanna initiated the stock with “Neutral” rating in Tuesday, July 21 report. The stock of Akorn, Inc. (NASDAQ:AKRX) has “Outperform” rating given on Wednesday, March 23 by William Blair. The firm has “Market Perform” rating given on Tuesday, August 2 by Raymond James. As per Friday, August 5, the company rating was downgraded by Deutsche Bank.

More recent Akorn, Inc. (NASDAQ:AKRX) news were published by: Seekingalpha.com which released: “Akorn up 9% on hopes of Fresenius deal” on April 27, 2018. Also Seekingalpha.com published the news titled: “Reviewing The Akorn-Fresenius Merger Fallout” on May 02, 2018. Seekingalpha.com‘s news article titled: “SA Interview: Event-Driven Investing With Donostia” with publication date: May 13, 2018 was also an interesting one.

Since February 16, 2018, it had 2 insider buys, and 3 sales for $1.03 billion activity. PELTZ NELSON sold $284.87M worth of Mondelez International, Inc. (NASDAQ:MDLZ) on Tuesday, February 27. BUNCH CHARLES E had bought 2,000 shares worth $87,800. $478,668 worth of Mondelez International, Inc. (NASDAQ:MDLZ) was sold by Weber Hubert.

Investors sentiment increased to 1 in Q4 2017. Its up 0.16, from 0.84 in 2017Q3. It is positive, as 56 investors sold MDLZ shares while 388 reduced holdings. 107 funds opened positions while 338 raised stakes. 1.07 billion shares or 1.13% less from 1.08 billion shares in 2017Q3 were reported. Signaturefd Limited Liability Company invested in 0.07% or 13,900 shares. Alpha Cubed Invests Limited Liability Co has 4,978 shares for 0.03% of their portfolio. California Employees Retirement Systems has invested 0.21% in Mondelez International, Inc. (NASDAQ:MDLZ). Moreover, Crawford Inv Counsel has 0.01% invested in Mondelez International, Inc. (NASDAQ:MDLZ). Cubist Systematic Strategies Limited Liability Corp stated it has 24,680 shares or 0.06% of all its holdings. Ubs Asset Management Americas stated it has 9.94 million shares or 0.36% of all its holdings. Virginia Retirement System Et Al has invested 0.01% of its portfolio in Mondelez International, Inc. (NASDAQ:MDLZ). Parallax Volatility Advisers Lp has invested 0% in Mondelez International, Inc. (NASDAQ:MDLZ). Point72 Asset Mgmt Ltd Partnership accumulated 76,380 shares. Caxton Associates Limited Partnership invested in 145,926 shares or 0.31% of the stock. Sns Fincl Group Inc Lc holds 77,841 shares or 0.8% of its portfolio. Northstar Asset Mngmt Ltd Liability reported 0.61% stake. Massmutual Trust Fsb Adv holds 0% or 22 shares in its portfolio. Davis R M, a Maine-based fund reported 9,149 shares. First Amer National Bank holds 0.16% or 50,015 shares.

Etrade Capital Management Llc, which manages about $2.37B and $3.12 billion US Long portfolio, decreased its stake in Sanofi (NYSE:SNY) by 17,957 shares to 54,758 shares, valued at $2.36M in 2017Q4, according to the filing. It also reduced its holding in Vanguard Long (VCLT) by 5,911 shares in the quarter, leaving it with 41,370 shares, and cut its stake in Schlumberger Ltd (NYSE:SLB).

Akorn, Inc. (NASDAQ:AKRX) Institutional Positions Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.