Sachem Head Capital Management LP Stake in Tesaro (TSRO) Has Lowered as Stock Declined; Target (TGT) Stock Declined While Smead Capital Management Upped Stake

February 17, 2018 - By Darrin Black

Scott Ferguson decreased its stake in Tesaro Inc (TSRO) by 18.26% based on its latest 2017Q3 regulatory filing with the SEC. Sachem Head Capital Management Lp sold 68,136 shares as the company’s stock declined 19.97% while stock markets rallied. The hedge fund run by Scott Ferguson held 305,000 shares of the health care company at the end of 2017Q3, valued at $39.38M, down from 373,136 at the end of the previous reported quarter. Sachem Head Capital Management Lp who had been investing in Tesaro Inc for a number of months, seems to be less bullish one the $3.26 billion market cap company. The stock decreased 1.69% or $1.03 during the last trading session, reaching $60. About 745,520 shares traded. Tesaro, Inc. (NASDAQ:TSRO) has risen 254.28% since February 17, 2017 and is uptrending. It has outperformed by 237.58% the S&P500.

Smead Capital Management Inc increased its stake in Target Corp (TGT) by 70.45% based on its latest 2017Q3 regulatory filing with the SEC. Smead Capital Management Inc bought 561,396 shares as the company’s stock declined 14.90% while stock markets rallied. The institutional investor held 1.36 million shares of the department and specialty retail stores company at the end of 2017Q3, valued at $80.15M, up from 796,846 at the end of the previous reported quarter. Smead Capital Management Inc who had been investing in Target Corp for a number of months, seems to be bullish on the $41.15 billion market cap company. The stock decreased 0.45% or $0.34 during the last trading session, reaching $75.7. About 4.28M shares traded. Target Corporation (NYSE:TGT) has declined 16.51% since February 17, 2017 and is downtrending. It has underperformed by 33.21% the S&P500.

Among 28 analysts covering Target Corporation (NYSE:TGT), 9 have Buy rating, 3 Sell and 16 Hold. Therefore 32% are positive. Target Corporation had 84 analyst reports since July 21, 2015 according to SRatingsIntel. The rating was maintained by Goldman Sachs on Thursday, August 18 with “Neutral”. As per Thursday, August 17, the company rating was upgraded by M Partners. Susquehanna upgraded the shares of TGT in report on Wednesday, January 10 to “Positive” rating. The firm earned “Hold” rating on Tuesday, January 2 by Robert W. Baird. M Partners maintained the shares of TGT in report on Thursday, February 25 with “Neutral” rating. The firm has “Hold” rating by Jefferies given on Tuesday, October 3. The rating was maintained by Bank of America on Friday, August 18 with “Buy”. Jefferies maintained the shares of TGT in report on Thursday, August 31 with “Hold” rating. The rating was maintained by Goldman Sachs on Friday, May 20 with “Neutral”. BMO Capital Markets maintained it with “Hold” rating and $82.0 target in Tuesday, January 9 report.

Smead Capital Management Inc, which manages about $762.03 million and $2.10B US Long portfolio, decreased its stake in Amerisourcebergen Corp (NYSE:ABC) by 6,487 shares to 470,667 shares, valued at $38.95M in 2017Q3, according to the filing. It also reduced its holding in Pfizer Inc (NYSE:PFE) by 25,908 shares in the quarter, leaving it with 1.91M shares, and cut its stake in Nordstrom Inc (NYSE:JWN).

Since September 1, 2017, it had 0 insider buys, and 5 insider sales for $4.63 million activity. Shares for $1.17M were sold by Armitage James O on Monday, September 18. 592 shares valued at $70,211 were sold by Huber Martin H. Jr. on Thursday, September 21. English Edward C had sold 10,862 shares worth $1.47M on Wednesday, September 6. The insider Oliveira Orlando sold 71 shares worth $9,419.

Investors sentiment decreased to 1.21 in Q3 2017. Its down 0.25, from 1.46 in 2017Q2. It worsened, as 47 investors sold TSRO shares while 65 reduced holdings. 44 funds opened positions while 91 raised stakes. 58.28 million shares or 5.16% more from 55.42 million shares in 2017Q2 were reported. Vident Investment Advisory holds 0.04% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 5,652 shares. Royal State Bank Of Canada has invested 0% in Tesaro, Inc. (NASDAQ:TSRO). Jane Street Gp Ltd Com invested 0.01% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Mitsubishi Ufj Tru Bk Corp reported 74,560 shares or 0.02% of all its holdings. 31,420 were reported by Proshare Advsr Ltd Liability Corporation. 150 are owned by Kistler. Parkside Bancorporation Tru invested 0% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Bnp Paribas Asset Mngmt, a France-based fund reported 85,984 shares. Massachusetts Fincl Svcs Ma reported 47,203 shares. Cwm Ltd Llc invested 0% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). First Personal Fin Ser holds 0.01% or 300 shares in its portfolio. Century Cos holds 5,826 shares. Arrowmark Colorado Ltd Liability Corporation accumulated 18,055 shares. Oregon Pub Employees Retirement Fund invested 0.02% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Dekabank Deutsche Girozentrale holds 0.05% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO) for 60,442 shares.

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.

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our free daily email newsletter:


Recent Posts