Spo Advisory Lowered Its Liberty Global Plc (LBTYK) Position by $82.20 Million as Stock Value Declined; Foyston Gordon & Payne Has Raised Its Baxter International (BAX) Holding by $2.30 Million

February 18, 2018 - By Marie Mckinney

Foyston Gordon & Payne Inc increased its stake in Baxter International Inc. (BAX) by 22.97% based on its latest 2017Q3 regulatory filing with the SEC. Foyston Gordon & Payne Inc bought 37,137 shares as the company’s stock rose 15.04% with the market. The institutional investor held 198,804 shares of the medical and dental instruments company at the end of 2017Q3, valued at $12.48M, up from 161,667 at the end of the previous reported quarter. Foyston Gordon & Payne Inc who had been investing in Baxter International Inc. for a number of months, seems to be bullish on the $36.14 billion market cap company. The stock decreased 0.17% or $0.11 during the last trading session, reaching $66.33. About 3.73 million shares traded or 18.66% up from the average. Baxter International Inc. (NYSE:BAX) has risen 32.55% since February 18, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

John H. Scully decreased its stake in Liberty Global Plc (LBTYK) by 7.83% based on its latest 2017Q3 regulatory filing with the SEC. Spo Advisory Corp sold 2.57 million shares as the company’s stock declined 17.26% while stock markets rallied. The hedge fund run by John H. Scully held 30.26M shares of the television services company at the end of 2017Q3, valued at $989.44M, down from 32.83M at the end of the previous reported quarter. Spo Advisory Corp who had been investing in Liberty Global Plc for a number of months, seems to be less bullish one the $32.16B market cap company. The stock decreased 2.24% or $0.74 during the last trading session, reaching $32.27. About 3.26M shares traded or 11.57% up from the average. Liberty Global plc (NASDAQ:LBTYK) has declined 6.78% since February 18, 2017 and is downtrending. It has underperformed by 23.48% the S&P500.

Foyston Gordon & Payne Inc, which manages about $12.34 billion and $576.12M US Long portfolio, decreased its stake in Pfizer Inc. (NYSE:PFE) by 86,292 shares to 311,002 shares, valued at $11.10 million in 2017Q3, according to the filing. It also reduced its holding in Johnson Controls International Plc by 59,908 shares in the quarter, leaving it with 245,724 shares, and cut its stake in Outfront Media Inc..

Among 19 analysts covering Baxter International (NYSE:BAX), 11 have Buy rating, 0 Sell and 8 Hold. Therefore 58% are positive. Baxter International had 55 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Market Perform” rating given on Wednesday, October 28 by Leerink Swann. The stock of Baxter International Inc. (NYSE:BAX) has “Neutral” rating given on Monday, June 6 by JP Morgan. The rating was upgraded by Leerink Swann on Tuesday, April 4 to “Outperform”. The firm has “Overweight” rating by Barclays Capital given on Thursday, October 26. The stock has “Hold” rating by RBC Capital Markets on Wednesday, November 22. As per Thursday, July 27, the company rating was maintained by Barclays Capital. Wells Fargo initiated Baxter International Inc. (NYSE:BAX) on Thursday, October 13 with “Outperform” rating. The stock of Baxter International Inc. (NYSE:BAX) has “Buy” rating given on Tuesday, December 12 by BMO Capital Markets. Cowen & Co maintained Baxter International Inc. (NYSE:BAX) on Friday, October 13 with “Hold” rating. As per Monday, August 10, the company rating was reinitiated by Credit Suisse.

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