Beach Investment Management Has Trimmed Fedex (FDX) Stake by $11.21 Million as Shares Declined; Biotelemetry (BEAT) Market Valuation Rose While Oberweis Asset Management Has Lowered Its Position by $361,600

February 17, 2018 - By Richard Conner

Oberweis Asset Management Inc decreased its stake in Biotelemetry Inc. (BEAT) by 43.97% based on its latest 2017Q3 regulatory filing with the SEC. Oberweis Asset Management Inc sold 11,300 shares as the company’s stock rose 13.43% with the market. The institutional investor held 14,400 shares of the health care company at the end of 2017Q3, valued at $475,000, down from 25,700 at the end of the previous reported quarter. Oberweis Asset Management Inc who had been investing in Biotelemetry Inc. for a number of months, seems to be less bullish one the $1.11B market cap company. The stock increased 1.71% or $0.58 during the last trading session, reaching $34.25. About 298,482 shares traded. BioTelemetry, Inc. (NASDAQ:BEAT) has risen 87.79% since February 17, 2017 and is uptrending. It has outperformed by 71.09% the S&P500.

Beach Investment Management Llc decreased its stake in Fedex (FDX) by 90.44% based on its latest 2017Q3 regulatory filing with the SEC. Beach Investment Management Llc sold 49,833 shares as the company’s stock declined 2.24% while stock markets rallied. The institutional investor held 5,270 shares of the air freight and delivery services company at the end of 2017Q3, valued at $1.19M, down from 55,103 at the end of the previous reported quarter. Beach Investment Management Llc who had been investing in Fedex for a number of months, seems to be less bullish one the $65.42B market cap company. The stock decreased 0.34% or $0.84 during the last trading session, reaching $244.19. About 1.48M shares traded. FedEx Corporation (NYSE:FDX) has risen 19.02% since February 17, 2017 and is uptrending. It has outperformed by 2.32% the S&P500.

Investors sentiment decreased to 1.28 in Q3 2017. Its down 0.02, from 1.3 in 2017Q2. It dropped, as 15 investors sold BEAT shares while 66 reduced holdings. 41 funds opened positions while 63 raised stakes. 25.49 million shares or 7.15% more from 23.79 million shares in 2017Q2 were reported. Advisory Svcs Networks Lc invested 0.01% of its portfolio in BioTelemetry, Inc. (NASDAQ:BEAT). Perkins Mngmt Inc invested in 15,000 shares. 61,103 were accumulated by Kbc Group Inc Nv. Ny State Common Retirement Fund owns 0% invested in BioTelemetry, Inc. (NASDAQ:BEAT) for 46,634 shares. United Cap Fincl Advisers Limited Com holds 14,133 shares or 0% of its portfolio. Alliancebernstein LP reported 37,500 shares. Savings Bank Of America De accumulated 369,928 shares or 0% of the stock. 1832 Asset Mgmt Limited Partnership owns 800 shares for 0% of their portfolio. Fred Alger Mgmt owns 8,000 shares for 0% of their portfolio. Winslow Evans And Crocker Inc accumulated 3,300 shares or 0.04% of the stock. Ameriprise Financial has 244,819 shares for 0% of their portfolio. National Bank Of Montreal Can invested 0% in BioTelemetry, Inc. (NASDAQ:BEAT). Thompson Davis & Inc holds 0.03% or 500 shares. 2,365 were reported by Ameritas Investment Prtnrs. Oppenheimer Asset holds 0.01% of its portfolio in BioTelemetry, Inc. (NASDAQ:BEAT) for 6,843 shares.

Among 6 analysts covering BioTelemetry (NASDAQ:BEAT), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. BioTelemetry had 9 analyst reports since July 28, 2015 according to SRatingsIntel. On Tuesday, September 13 the stock rating was initiated by Sidoti with “Buy”. The stock has “Buy” rating by Dougherty & Company on Friday, December 2. On Tuesday, July 28 the stock rating was maintained by Dougherty & Company with “Buy”. The firm earned “Buy” rating on Thursday, November 30 by Raymond James. Dougherty & Company maintained BioTelemetry, Inc. (NASDAQ:BEAT) on Tuesday, April 11 with “Buy” rating.

Analysts await BioTelemetry, Inc. (NASDAQ:BEAT) to report earnings on February, 28. They expect $0.21 EPS, up 16.67% or $0.03 from last year’s $0.18 per share. BEAT’s profit will be $6.81M for 40.77 P/E if the $0.21 EPS becomes a reality. After $0.16 actual EPS reported by BioTelemetry, Inc. for the previous quarter, Wall Street now forecasts 31.25% EPS growth.

Oberweis Asset Management Inc, which manages about $1.10B and $359.32 million US Long portfolio, upped its stake in Malibu Boats Inc. (NASDAQ:MBUU) by 12,000 shares to 52,900 shares, valued at $1.67M in 2017Q3, according to the filing. It also increased its holding in Cai International Inc. (CAP) by 27,100 shares in the quarter, for a total of 71,100 shares, and has risen its stake in Lhc Group Inc. (NASDAQ:LHCG).

Among 37 analysts covering FedEx (NYSE:FDX), 24 have Buy rating, 1 Sell and 12 Hold. Therefore 65% are positive. FedEx had 107 analyst reports since August 14, 2015 according to SRatingsIntel. Cowen & Co maintained the shares of FDX in report on Tuesday, August 8 with “Buy” rating. The rating was upgraded by Susquehanna to “Positive” on Thursday, March 30. The stock has “Buy” rating by KeyBanc Capital Markets on Tuesday, October 10. The stock of FedEx Corporation (NYSE:FDX) has “Buy” rating given on Wednesday, January 20 by Standpoint Research. The rating was maintained by Robert W. Baird on Wednesday, December 20 with “Buy”. The firm has “Market Perform” rating by Wood given on Wednesday, September 2. On Wednesday, September 21 the stock rating was maintained by Stifel Nicolaus with “Buy”. On Monday, November 30 the stock rating was downgraded by Wolfe Research to “Peer Perform”. Avondale maintained FedEx Corporation (NYSE:FDX) rating on Thursday, March 17. Avondale has “Market Outperform” rating and $182.50 target. As per Wednesday, December 20, the company rating was maintained by Wells Fargo.

Since September 21, 2017, it had 1 buy, and 6 selling transactions for $22.29 million activity. Maier Henry J sold $2.55M worth of FedEx Corporation (NYSE:FDX) on Thursday, October 26. $11.89M worth of FedEx Corporation (NYSE:FDX) shares were sold by BRONCZEK DAVID J. Another trade for 80 shares valued at $19,837 was bought by SCHWAB SUSAN C. 10,000 shares valued at $2.20M were sold by Colleran Donald F on Thursday, September 21. DUCKER MICHAEL L also sold $3.38M worth of FedEx Corporation (NYSE:FDX) on Friday, September 29. 3,016 shares were sold by STEINER DAVID P, worth $802,405 on Friday, January 5.

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