Ikang Healthcare Group (KANG) Holder Fosun International LTD Has Raised Holding by $13.30 Million; Crossvault Capital Management Stake in Starbucks (SBUX) Lowered by $1.33 Million

February 12, 2018 - By Dolores Ford

Crossvault Capital Management Llc decreased its stake in Starbucks Corporation (SBUX) by 24.4% based on its latest 2017Q3 regulatory filing with the SEC. Crossvault Capital Management Llc sold 25,075 shares as the company’s stock rose 6.99% with the market. The institutional investor held 77,703 shares of the restaurants company at the end of 2017Q3, valued at $4.17M, down from 102,778 at the end of the previous reported quarter. Crossvault Capital Management Llc who had been investing in Starbucks Corporation for a number of months, seems to be less bullish one the $76.72 billion market cap company. The stock increased 1.51% or $0.81 during the last trading session, reaching $54.58. About 19.38M shares traded or 85.74% up from the average. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since February 12, 2017 and is uptrending. It has underperformed by 4.22% the S&P500.

Fosun International Ltd increased its stake in Ikang Healthcare Group Inc (KANG) by 40.16% based on its latest 2017Q3 regulatory filing with the SEC. Fosun International Ltd bought 1.02M shares as the company’s stock declined 15.47% while stock markets rallied. The institutional investor held 3.57M shares of the health care company at the end of 2017Q3, valued at $48.14M, up from 2.55M at the end of the previous reported quarter. Fosun International Ltd who had been investing in Ikang Healthcare Group Inc for a number of months, seems to be bullish on the $1.10 billion market cap company. The stock decreased 1.24% or $0.2 during the last trading session, reaching $15.98. About 393,193 shares traded or 107.85% up from the average. iKang Healthcare Group, Inc. (NASDAQ:KANG) has declined 20.38% since February 12, 2017 and is downtrending. It has underperformed by 37.08% the S&P500.

Investors sentiment decreased to 0.97 in Q3 2017. Its down 0.24, from 1.21 in 2017Q2. It dived, as 95 investors sold SBUX shares while 448 reduced holdings. 100 funds opened positions while 428 raised stakes. 972.68 million shares or 1.58% less from 988.30 million shares in 2017Q2 were reported. Quinn Opportunity Prtn holds 0.03% or 4,000 shares. Missouri-based Smith Moore & has invested 0.11% in Starbucks Corporation (NASDAQ:SBUX). Benjamin F Edwards reported 0.36% stake. Waters Parkerson & Communications Lc accumulated 4,400 shares. Carroll Fin Assoc Inc holds 0.04% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 6,857 shares. Moreover, Loring Wolcott Coolidge Fiduciary Advsrs Ltd Liability Partnership Ma has 1.88% invested in Starbucks Corporation (NASDAQ:SBUX). Nichols & Pratt Advisers Llp Ma has invested 0.53% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Goldman Sachs Gru Inc holds 0.11% or 8.45M shares in its portfolio. The Oregon-based Ims Capital Mngmt has invested 0.76% in Starbucks Corporation (NASDAQ:SBUX). Jump Trading Lc holds 0.03% or 3,589 shares. Swiss Bank reported 5.87M shares. Moreover, Kelly Lawrence W And Assoc Ca has 0% invested in Starbucks Corporation (NASDAQ:SBUX). Bluespruce Limited Partnership accumulated 867,279 shares or 8.78% of the stock. Iowa-based Iowa Retail Bank has invested 0.69% in Starbucks Corporation (NASDAQ:SBUX). Alpha Windward Limited Co owns 2,951 shares.

Among 37 analysts covering Starbucks Corporation (NASDAQ:SBUX), 25 have Buy rating, 0 Sell and 12 Hold. Therefore 68% are positive. Starbucks Corporation had 100 analyst reports since July 28, 2015 according to SRatingsIntel. Bernstein downgraded the stock to “Hold” rating in Monday, January 29 report. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Neutral” rating by Credit Suisse on Friday, November 3. The rating was initiated by Tigress Financial on Wednesday, December 27 with “Buy”. On Monday, February 5 the stock rating was maintained by Piper Jaffray with “Buy”. The firm has “Buy” rating by Cowen & Co given on Thursday, August 31. The firm earned “Outperform” rating on Friday, January 26 by Oppenheimer. The stock of Starbucks Corporation (NASDAQ:SBUX) earned “Buy” rating by UBS on Friday, November 3. As per Friday, July 22, the company rating was maintained by BTIG Research. Wedbush downgraded Starbucks Corporation (NASDAQ:SBUX) on Wednesday, June 14 to “Neutral” rating. The stock has “Outperform” rating by Wedbush on Monday, March 13.

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