As Shire Plc (SHPG) Stock Price Declined, Armistice Capital Has Lowered Holding by $5.58 Million; Faro Technologies (FARO) Shareholder Fisher Asset Management Raised Its Holding by $990,854 as Shares Rose

April 25, 2018 - By David King

Shire plc (NASDAQ:SHPG) Logo

Ken Fisher increased its stake in Faro Technologies Inc (FARO) by 29.82% based on its latest 2017Q4 regulatory filing with the SEC. Fisher Asset Management Llc bought 21,082 shares as the company’s stock rose 22.91% while stock markets declined. The hedge fund run by Ken Fisher held 91,785 shares of the capital goods company at the end of 2017Q4, valued at $4.31M, up from 70,703 at the end of the previous reported quarter. Fisher Asset Management Llc who had been investing in Faro Technologies Inc for a number of months, seems to be bullish on the $1.03B market cap company. The stock decreased 2.40% or $1.5 during the last trading session, reaching $61. About 59,085 shares traded. FARO Technologies, Inc. (NASDAQ:FARO) has risen 70.69% since April 25, 2017 and is uptrending. It has outperformed by 59.14% the S&P500.

Armistice Capital Llc decreased its stake in Shire Plc (SHPG) by 36% based on its latest 2017Q4 regulatory filing with the SEC. Armistice Capital Llc sold 36,000 shares as the company’s stock declined 17.82% with the market. The institutional investor held 64,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $9.93 million, down from 100,000 at the end of the previous reported quarter. Armistice Capital Llc who had been investing in Shire Plc for a number of months, seems to be less bullish one the $47.52B market cap company. The stock decreased 2.18% or $3.57 during the last trading session, reaching $160.36. About 1.68M shares traded or 10.64% up from the average. Shire plc (NASDAQ:SHPG) has declined 27.67% since April 25, 2017 and is downtrending. It has underperformed by 39.22% the S&P500.

Analysts await Shire plc (NASDAQ:SHPG) to report earnings on April, 26 before the open. They expect $3.58 earnings per share, down 1.38% or $0.05 from last year’s $3.63 per share. SHPG’s profit will be $1.06 billion for 11.20 P/E if the $3.58 EPS becomes a reality. After $3.98 actual earnings per share reported by Shire plc for the previous quarter, Wall Street now forecasts -10.05% negative EPS growth.

Armistice Capital Llc, which manages about $1.00B US Long portfolio, upped its stake in Horizon Pharma Plc (NASDAQ:HZNP) by 200,000 shares to 1.00 million shares, valued at $14.60M in 2017Q4, according to the filing. It also increased its holding in Zafgen Inc (NASDAQ:ZFGN) by 556,000 shares in the quarter, for a total of 936,000 shares, and has risen its stake in Bjs Restaurants Inc (NASDAQ:BJRI).

Among 28 analysts covering Shire plc (ADR) (NASDAQ:SHPG), 23 have Buy rating, 0 Sell and 5 Hold. Therefore 82% are positive. Shire plc (ADR) had 78 analyst reports since July 22, 2015 according to SRatingsIntel. As per Tuesday, July 11, the company rating was maintained by Cantor Fitzgerald. The firm earned “Sector Perform” rating on Monday, September 28 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Sector Perform” on Tuesday, January 12. The rating was initiated by Stifel Nicolaus with “Buy” on Thursday, May 26. The stock of Shire plc (NASDAQ:SHPG) has “Outperform” rating given on Wednesday, February 14 by Bernstein. The firm has “Buy” rating by HSBC given on Tuesday, October 27. Northland Capital initiated the stock with “Outperform” rating in Wednesday, October 14 report. The rating was maintained by Jefferies on Thursday, February 15 with “Buy”. The rating was maintained by Susquehanna on Wednesday, November 15 with “Buy”. The firm has “Buy” rating given on Wednesday, August 16 by Evercore.

Among 11 analysts covering Faro Technologies (NASDAQ:FARO), 5 have Buy rating, 0 Sell and 6 Hold. Therefore 45% are positive. Faro Technologies had 31 analyst reports since July 31, 2015 according to SRatingsIntel. Needham maintained the shares of FARO in report on Friday, February 23 with “Buy” rating. The stock of FARO Technologies, Inc. (NASDAQ:FARO) earned “Buy” rating by Canaccord Genuity on Thursday, August 3. As per Thursday, February 22, the company rating was maintained by Stifel Nicolaus. On Thursday, August 3 the stock rating was maintained by Noble Financial with “Buy”. The rating was maintained by Craig Hallum on Monday, November 27 with “Buy”. The rating was upgraded by Stephens to “Overweight” on Thursday, January 21. The firm earned “Neutral” rating on Wednesday, September 9 by Sterne Agee CRT. The firm has “Buy” rating given on Monday, June 12 by Noble Financial. Robert W. Baird maintained FARO Technologies, Inc. (NASDAQ:FARO) on Friday, October 27 with “Hold” rating. The firm has “Buy” rating given on Friday, February 24 by Needham.

Investors sentiment increased to 1.18 in Q4 2017. Its up 0.20, from 0.98 in 2017Q3. It improved, as 5 investors sold FARO shares while 45 reduced holdings. 28 funds opened positions while 31 raised stakes. 15.14 million shares or 6.26% less from 16.15 million shares in 2017Q3 were reported. New York State Teachers Retirement Systems invested in 0% or 41,790 shares. Bnp Paribas Arbitrage holds 0% in FARO Technologies, Inc. (NASDAQ:FARO) or 7,970 shares. Barrow Hanley Mewhinney Strauss Limited Liability has 0.08% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 1.20M shares. Fisher Asset Management Ltd invested in 0.01% or 91,785 shares. Pub Sector Pension Invest Board invested in 0% or 10,519 shares. California State Teachers Retirement owns 26,132 shares. Primecap Mgmt Company Ca holds 1.78M shares or 0.06% of its portfolio. Tci Wealth Advsr accumulated 23 shares. Amer Intll Group reported 13,196 shares. Spark Investment Ltd has 19,900 shares for 0.05% of their portfolio. Millennium Mngmt Llc has 0.01% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 214,247 shares. Alliancebernstein LP has 0% invested in FARO Technologies, Inc. (NASDAQ:FARO) for 19,632 shares. Argent Cap Mgmt Limited Liability Com stated it has 23,505 shares or 0.04% of all its holdings. Glob X Mgmt Limited Liability Company, New York-based fund reported 180,691 shares. Goldman Sachs Gru Inc has 47,093 shares for 0% of their portfolio.

Since March 8, 2018, it had 0 insider purchases, and 3 selling transactions for $1.47 million activity. Gale Jody Storm sold $637,543 worth of FARO Technologies, Inc. (NASDAQ:FARO) on Thursday, March 8. RAAB SIMON sold $701,232 worth of stock.

Fisher Asset Management Llc, which manages about $76.56B US Long portfolio, decreased its stake in Express Scripts Hldg Co (NASDAQ:ESRX) by 47,242 shares to 302,322 shares, valued at $22.57M in 2017Q4, according to the filing. It also reduced its holding in Finisar Corp (NASDAQ:FNSR) by 49,125 shares in the quarter, leaving it with 3.84 million shares, and cut its stake in Northern Tr Corp (NASDAQ:NTRS).

FARO Technologies, Inc. (NASDAQ:FARO) Institutional Positions Chart

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