Champlain Investment Partners Trimmed Insulet (PODD) Holding by $12.57 Million; Sio Capital Management Increased Its Medtronic Plc (MDT) Position by $1.99 Million as Shares Rose

January 16, 2018 - By Winifred Garcia

Champlain Investment Partners Llc decreased its stake in Insulet Corporation (PODD) by 17.39% based on its latest 2017Q3 regulatory filing with the SEC. Champlain Investment Partners Llc sold 228,535 shares as the company’s stock declined 7.35% while stock markets rallied. The institutional investor held 1.09M shares of the medical and dental instruments company at the end of 2017Q3, valued at $59.81 million, down from 1.31M at the end of the previous reported quarter. Champlain Investment Partners Llc who had been investing in Insulet Corporation for a number of months, seems to be less bullish one the $4.32B market cap company. The stock decreased 1.77% or $1.34 during the last trading session, reaching $74.28. About 238,531 shares traded. Insulet Corporation (NASDAQ:PODD) has risen 48.83% since January 16, 2017 and is uptrending. It has outperformed by 32.13% the S&P500.

Sio Capital Management Llc increased its stake in Medtronic Plc (MDT) by 86.15% based on its latest 2017Q3 regulatory filing with the SEC. Sio Capital Management Llc bought 25,844 shares as the company’s stock rose 5.51% with the market. The institutional investor held 55,844 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q3, valued at $4.34 million, up from 30,000 at the end of the previous reported quarter. Sio Capital Management Llc who had been investing in Medtronic Plc for a number of months, seems to be bullish on the $115.12 billion market cap company. The stock decreased 0.47% or $0.3987 during the last trading session, reaching $85.0513. About 2.79 million shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since January 16, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Sio Capital Management Llc, which manages about $116.75 million and $192.73 million US Long portfolio, decreased its stake in Advanced Accelerator Applications Sa by 55,941 shares to 52,582 shares, valued at $3.56M in 2017Q3, according to the filing. It also reduced its holding in Sanofi Sa (NYSE:SNY) by 136,523 shares in the quarter, leaving it with 45,099 shares, and cut its stake in Glaxosmithkline Plc (Call) (NYSE:GSK).

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. The rating was downgraded by BTIG Research on Wednesday, June 1 to “Neutral”. The firm has “Buy” rating by RBC Capital Markets given on Wednesday, April 19. The company was upgraded on Tuesday, December 12 by Argus Research. On Wednesday, March 2 the stock rating was maintained by Morgan Stanley with “Overweight”. The firm has “Hold” rating given on Wednesday, November 23 by Stifel Nicolaus. The company was maintained on Friday, September 22 by RBC Capital Markets. The rating was initiated by Citigroup with “Buy” on Tuesday, August 23. The firm has “Buy” rating by Jefferies given on Wednesday, August 23. The rating was maintained by Oppenheimer with “Buy” on Friday, May 26. The firm has “Buy” rating by UBS given on Friday, August 26.

Investors sentiment increased to 1.12 in Q3 2017. Its up 0.22, from 0.9 in 2017Q2. It increased, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. Massachusetts Ma, Massachusetts-based fund reported 59.43M shares. Veritable Lp owns 45,628 shares for 0.07% of their portfolio. Barclays Public Limited Co has invested 0.19% in Medtronic plc (NYSE:MDT). Fjarde Ap stated it has 322,379 shares or 0.48% of all its holdings. The Minnesota-based Walleye Trading Limited Company has invested 0.01% in Medtronic plc (NYSE:MDT). Davis R M Incorporated holds 1.24% of its portfolio in Medtronic plc (NYSE:MDT) for 386,596 shares. 22,426 are owned by Schmidt P J Inv Management Inc. Burney holds 13,890 shares or 0.08% of its portfolio. Aviance Capital Partners holds 0.56% in Medtronic plc (NYSE:MDT) or 21,242 shares. Crawford Invest Counsel accumulated 688,183 shares. Lenox Wealth Advisors has invested 0% in Medtronic plc (NYSE:MDT). 29,581 were reported by Btc Capital Mngmt. Dekabank Deutsche Girozentrale holds 0.56% in Medtronic plc (NYSE:MDT) or 843,997 shares. Kcm Invest Advsrs Limited stated it has 85,105 shares. Cobblestone Cap Ltd Com reported 0.06% stake.

Champlain Investment Partners Llc, which manages about $6.04 billion and $8.47 billion US Long portfolio, upped its stake in Gorman (NYSEMKT:GRC) by 11,678 shares to 536,515 shares, valued at $17.47 million in 2017Q3, according to the filing. It also increased its holding in Akamai Technologies Inc. (NASDAQ:AKAM) by 78,745 shares in the quarter, for a total of 966,895 shares, and has risen its stake in John Bean Technologies Corpora (NYSE:JBT).

Analysts await Insulet Corporation (NASDAQ:PODD) to report earnings on February, 26. They expect $-0.07 EPS, up 56.25% or $0.09 from last year’s $-0.16 per share. After $-0.04 actual EPS reported by Insulet Corporation for the previous quarter, Wall Street now forecasts 75.00% negative EPS growth.

Investors sentiment decreased to 1.1 in 2017 Q3. Its down 0.10, from 1.2 in 2017Q2. It is negative, as 14 investors sold PODD shares while 55 reduced holdings. 31 funds opened positions while 45 raised stakes. 60.96 million shares or 0.49% less from 61.26 million shares in 2017Q2 were reported. Slate Path Cap Limited Partnership reported 2.72M shares. Fiduciary Trust reported 5,250 shares. Guggenheim Cap Ltd Liability Corporation stated it has 0% in Insulet Corporation (NASDAQ:PODD). Moreover, Tirschwell And Loewy Inc has 2.54% invested in Insulet Corporation (NASDAQ:PODD). Arrowmark Colorado Limited Liability accumulated 637,007 shares or 0.4% of the stock. Gilder Gagnon Howe And Limited Liability Co invested in 14,602 shares. Cap Research Glob invested in 0.1% or 6.02 million shares. Advisory Rech holds 0.06% or 68,232 shares in its portfolio. Rockefeller Fincl Serv invested in 381,744 shares or 0.4% of the stock. D E Shaw & owns 1.17M shares for 0.1% of their portfolio. Primecap Ca accumulated 4.96 million shares or 0.23% of the stock. Sg Americas Limited Liability Corporation holds 9,247 shares. Blackrock has invested 0.01% in Insulet Corporation (NASDAQ:PODD). Pnc Fin reported 1,171 shares. Rainier Invest Mngmt Lc reported 89,140 shares.

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