Teva Pharmaceutical Industries (TEVA) Shareholder Sol Capital Management Co Has Lifted Position by $959,038; Permal Asset Management Has Cut Its Stake in Third Pt Reins LTD (TPRE) as Stock Value Rose

January 22, 2018 - By Dolores Ford

Christopher Pucillo increased its stake in Teva Pharmaceutical Industries (TEVA) by 89.91% based on its latest 2017Q3 regulatory filing with the SEC. Sol Capital Management Co bought 56,414 shares as the company’s stock declined 15.11% while stock markets rallied. The hedge fund run by Christopher Pucillo held 119,157 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $2.10 million, up from 62,743 at the end of the previous reported quarter. Sol Capital Management Co who had been investing in Teva Pharmaceutical Industries for a number of months, seems to be bullish on the $21.03 billion market cap company. The stock decreased 0.05% or $0.01 during the last trading session, reaching $20.7. About 21.43 million shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since January 22, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Permal Asset Management Llc decreased its stake in Third Pt Reins Ltd (TPRE) by 8.26% based on its latest 2017Q3 regulatory filing with the SEC. Permal Asset Management Llc sold 107,100 shares as the company’s stock rose 0.82% with the market. The hedge fund held 1.19 million shares of the property-casualty insurers company at the end of 2017Q3, valued at $18.57 million, down from 1.30 million at the end of the previous reported quarter. Permal Asset Management Llc who had been investing in Third Pt Reins Ltd for a number of months, seems to be less bullish one the $1.55B market cap company. The stock increased 1.41% or $0.2 during the last trading session, reaching $14.4. About 484,565 shares traded. Third Point Reinsurance Ltd. (NYSE:TPRE) has risen 10.16% since January 22, 2017 and is uptrending. It has underperformed by 6.54% the S&P500.

Analysts await Third Point Reinsurance Ltd. (NYSE:TPRE) to report earnings on February, 22. They expect $0.67 EPS, up 248.89% or $1.12 from last year’s $-0.45 per share. TPRE’s profit will be $71.93M for 5.37 P/E if the $0.67 EPS becomes a reality. After $0.52 actual EPS reported by Third Point Reinsurance Ltd. for the previous quarter, Wall Street now forecasts 28.85% EPS growth.

Among 5 analysts covering Third Point Reinsurance (NYSE:TPRE), 1 have Buy rating, 0 Sell and 4 Hold. Therefore 20% are positive. Third Point Reinsurance had 13 analyst reports since August 7, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Tuesday, October 10 by Keefe Bruyette & Woods. The firm has “Hold” rating given on Monday, December 4 by Keefe Bruyette & Woods. The firm has “Buy” rating given on Friday, September 8 by Keefe Bruyette & Woods. The firm has “Equal-Weight” rating by Morgan Stanley given on Friday, November 10. On Monday, October 16 the stock rating was downgraded by Keefe Bruyette & Woods to “Hold”. The firm earned “Buy” rating on Wednesday, September 2 by Compass Point. On Thursday, October 1 the stock rating was maintained by Wood with “Market Perform”. The firm earned “Outperform” rating on Monday, May 8 by Keefe Bruyette & Woods. The firm earned “Buy” rating on Thursday, August 3 by Keefe Bruyette & Woods.

Permal Asset Management Llc, which manages about $14.74 billion and $239.51 million US Long portfolio, upped its stake in Starwood Ppty Tr Inc (NYSE:STWD) by 21,400 shares to 125,629 shares, valued at $2.73 million in 2017Q3, according to the filing. It also increased its holding in Redwood Tr Inc (NYSE:RWT) by 24,500 shares in the quarter, for a total of 168,300 shares, and has risen its stake in New Residential Invt Corp (NYSE:NRZ).

Investors sentiment decreased to 2.24 in 2017 Q3. Its down 0.22, from 2.46 in 2017Q2. It is negative, as 10 investors sold TPRE shares while 27 reduced holdings. 38 funds opened positions while 45 raised stakes. 79.68 million shares or 8.59% more from 73.38 million shares in 2017Q2 were reported. Public Sector Pension Invest Board holds 0% in Third Point Reinsurance Ltd. (NYSE:TPRE) or 40,100 shares. Jefferies Gru Ltd Liability Corp owns 10,300 shares. 8.53M are owned by Blackrock. Profund Ltd Llc holds 11,886 shares or 0.01% of its portfolio. First LP stated it has 0.01% of its portfolio in Third Point Reinsurance Ltd. (NYSE:TPRE). Bbr Ltd Liability holds 50,000 shares or 0.17% of its portfolio. Pnc Financial Services Group Incorporated has 0% invested in Third Point Reinsurance Ltd. (NYSE:TPRE). 1.57M are held by Dimensional Fund Lp. Comerica State Bank holds 0.01% or 67,294 shares in its portfolio. Guggenheim Capital Limited Liability Corp accumulated 123,706 shares. 336,329 were accumulated by Schwab Charles Invest Mgmt. Zurcher Kantonalbank (Zurich Cantonalbank) has invested 0% in Third Point Reinsurance Ltd. (NYSE:TPRE). Bogle Inv Mngmt Limited Partnership De invested in 208,868 shares or 0.22% of the stock. Principal Financial Grp invested in 0.01% or 497,752 shares. Pdts Prtn Ltd Limited Liability Company holds 0.11% or 221,300 shares.

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