Foundation Medicine (FMI) Holder Equitec Proprietary Markets Has Lowered Stake by $2.18 Million as Valuation Rose; Brandes Investment Partners LP Lowered Holding in Leucadia Natl (LUK) by $24.46 Million as Share Value Declined

February 15, 2018 - By Marguerite Chambers

Brandes Investment Partners Lp decreased its stake in Leucadia Natl Corp (LUK) by 25.32% based on its latest 2017Q3 regulatory filing with the SEC. Brandes Investment Partners Lp sold 978,288 shares as the company’s stock declined 3.60% while stock markets rallied. The institutional investor held 2.88M shares of the meat and poultry and fish company at the end of 2017Q3, valued at $72.84 million, down from 3.86 million at the end of the previous reported quarter. Brandes Investment Partners Lp who had been investing in Leucadia Natl Corp for a number of months, seems to be less bullish one the $8.90 billion market cap company. The stock decreased 0.99% or $0.25 during the last trading session, reaching $24.97. About 309,843 shares traded. Leucadia National Corporation (NYSE:LUK) has risen 38.50% since February 15, 2017 and is uptrending. It has outperformed by 21.80% the S&P500.

Equitec Proprietary Markets Llc decreased its stake in Foundation Medicine Inc (FMI) by 99.27% based on its latest 2017Q3 regulatory filing with the SEC. Equitec Proprietary Markets Llc sold 54,500 shares as the company’s stock rose 52.87% with the market. The institutional investor held 400 shares of the health care company at the end of 2017Q3, valued at $16,000, down from 54,900 at the end of the previous reported quarter. Equitec Proprietary Markets Llc who had been investing in Foundation Medicine Inc for a number of months, seems to be less bullish one the $2.46B market cap company. The stock increased 2.52% or $1.65 during the last trading session, reaching $67.25. About 82,094 shares traded. Foundation Medicine, Inc. (NASDAQ:FMI) has risen 124.70% since February 15, 2017 and is uptrending. It has outperformed by 108.00% the S&P500.

Among 10 analysts covering Foundation Medicine (NASDAQ:FMI), 1 have Buy rating, 0 Sell and 9 Hold. Therefore 10% are positive. Foundation Medicine had 13 analyst reports since July 30, 2015 according to SRatingsIntel. Janney Capital upgraded Foundation Medicine, Inc. (NASDAQ:FMI) on Tuesday, March 7 to “Neutral” rating. The firm has “Neutral” rating given on Wednesday, November 4 by BTIG Research. Wells Fargo downgraded the stock to “Market Perform” rating in Wednesday, September 16 report. The firm has “Market Perform” rating given on Thursday, July 30 by JMP Securities. UBS maintained it with “Neutral” rating and $22 target in Wednesday, September 21 report. On Thursday, November 3 the stock rating was downgraded by Benchmark to “Hold”. BTIG Research initiated Foundation Medicine, Inc. (NASDAQ:FMI) rating on Monday, September 14. BTIG Research has “Buy” rating and $30 target. The company was upgraded on Monday, May 15 by BTIG Research.

Equitec Proprietary Markets Llc, which manages about $425.27M US Long portfolio, upped its stake in B Riley Finl Inc by 20,825 shares to 533,062 shares, valued at $9.09 million in 2017Q3, according to the filing. It also increased its holding in Ikang Healthcare Group Inc (Put) (NASDAQ:KANG) by 31,800 shares in the quarter, for a total of 163,800 shares, and has risen its stake in Nxp Semiconductors N V (NASDAQ:NXPI).

Investors sentiment decreased to 1.28 in 2017 Q3. Its down 0.51, from 1.79 in 2017Q2. It is negative, as 11 investors sold FMI shares while 18 reduced holdings. 7 funds opened positions while 30 raised stakes. 9.71 million shares or 0.07% less from 9.72 million shares in 2017Q2 were reported. Chevy Chase Trust Hldgs reported 1.06 million shares. Tower Capital Limited Liability Com (Trc) has invested 0% in Foundation Medicine, Inc. (NASDAQ:FMI). Deutsche National Bank & Trust Ag holds 0% or 34,225 shares. American Interest holds 0% or 9,606 shares in its portfolio. Aqr Capital Mgmt Ltd Liability Corp holds 0% in Foundation Medicine, Inc. (NASDAQ:FMI) or 18,608 shares. Amp Capital Ltd holds 0% or 5,550 shares in its portfolio. Pier Cap Ltd Company holds 0.98% or 140,562 shares in its portfolio. Invesco Ltd reported 54,437 shares. Alliancebernstein Ltd Partnership, New York-based fund reported 672,835 shares. Moreover, Parallax Volatility Advisers Limited Partnership has 0% invested in Foundation Medicine, Inc. (NASDAQ:FMI). Zurcher Kantonalbank (Zurich Cantonalbank) invested in 0% or 9,578 shares. Hanseatic Mngmt invested in 24 shares or 0% of the stock. Whittier Company holds 0.06% or 43,960 shares in its portfolio. 10,550 are held by Sterling Capital Mgmt Ltd Llc. Swiss Savings Bank accumulated 24,743 shares or 0% of the stock.

Analysts await Foundation Medicine, Inc. (NASDAQ:FMI) to report earnings on February, 28. They expect $-1.00 EPS, up 1.96% or $0.02 from last year’s $-1.02 per share. After $-0.90 actual EPS reported by Foundation Medicine, Inc. for the previous quarter, Wall Street now forecasts 11.11% negative EPS growth.

Investors sentiment decreased to 0.91 in 2017 Q3. Its down 0.01, from 0.92 in 2017Q2. It turned negative, as 35 investors sold LUK shares while 150 reduced holdings. 52 funds opened positions while 117 raised stakes. 261.70 million shares or 0.63% less from 263.35 million shares in 2017Q2 were reported. 26,665 are held by Weik. State Common Retirement Fund reported 1.54 million shares. Moreover, Fifth Third Bancorp has 0% invested in Leucadia National Corporation (NYSE:LUK) for 1,559 shares. 1,650 were reported by Twin Tree Mgmt L P. Norinchukin National Bank The invested in 0.01% or 14,092 shares. San Francisco Sentry Inv Group (Ca) has invested 0.01% in Leucadia National Corporation (NYSE:LUK). Manufacturers Life Ins Co The reported 361,492 shares or 0.01% of all its holdings. Bragg Financial Advsr holds 0.12% or 30,432 shares in its portfolio. Mufg Americas reported 17,940 shares. Utah Retirement reported 59,224 shares. Northern owns 0.02% invested in Leucadia National Corporation (NYSE:LUK) for 3.68 million shares. United Automobile Association holds 0.01% or 103,147 shares. Guggenheim Cap Limited Co has 0.12% invested in Leucadia National Corporation (NYSE:LUK). Foundation Resources holds 3.74% or 893,635 shares in its portfolio. Amp Cap Invsts owns 212,087 shares.

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