Water Island Capital Has Boosted Its Cone Midstream Partners LP (CNNX) Stake by $312,000 as Market Value Declined; Sio Capital Management Decreased Intuitive Surgical (Put) (ISRG) Stake by $7.01 Million; Share Value Rose

February 13, 2018 - By Pete Kolinski

Sio Capital Management Llc decreased its stake in Intuitive Surgical Inc (Put) (ISRG) by 72.83% based on its latest 2017Q3 regulatory filing with the SEC. Sio Capital Management Llc sold 6,700 shares as the company’s stock rose 20.10% with the market. The institutional investor held 2,500 shares of the health care company at the end of 2017Q3, valued at $2.62 million, down from 9,200 at the end of the previous reported quarter. Sio Capital Management Llc who had been investing in Intuitive Surgical Inc (Put) for a number of months, seems to be less bullish one the $44.75B market cap company. The stock increased 1.43% or $5.6 during the last trading session, reaching $398.51. About 845,177 shares traded. Intuitive Surgical, Inc. (NASDAQ:ISRG) has risen 39.52% since February 13, 2017 and is uptrending. It has outperformed by 22.82% the S&P500.

John Orrico increased its stake in Cone Midstream Partners Lp (CNNX) by 208% based on its latest 2017Q3 regulatory filing with the SEC. Water Island Capital Llc bought 20,800 shares as the company’s stock declined 11.18% while stock markets rallied. The hedge fund run by John Orrico held 30,800 shares of the natural gas distribution company at the end of 2017Q3, valued at $488,000, up from 10,000 at the end of the previous reported quarter. Water Island Capital Llc who had been investing in Cone Midstream Partners Lp for a number of months, seems to be bullish on the $1.09 billion market cap company. The stock increased 0.35% or $0.06 during the last trading session, reaching $17.15. About 85,771 shares traded. CNX Midstream Partners LP (NYSE:CNNX) has risen 44.45% since February 13, 2017 and is uptrending. It has outperformed by 27.75% the S&P500.

Investors sentiment decreased to 1.04 in Q3 2017. Its down 0.03, from 1.07 in 2017Q2. It fall, as 35 investors sold ISRG shares while 190 reduced holdings. 63 funds opened positions while 170 raised stakes. 36.20 million shares or 0.41% more from 36.05 million shares in 2017Q2 were reported. Baker Boyer Comml Bank owns 368 shares for 1.27% of their portfolio. Manning Napier Limited Liability Corp stated it has 36,845 shares or 0.33% of all its holdings. Strategy Asset Managers Lc stated it has 4,072 shares or 0.87% of all its holdings. Cibc Asset Mngmt Inc has invested 0.04% in Intuitive Surgical, Inc. (NASDAQ:ISRG). M&T Bancorp Corp owns 0.05% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 8,880 shares. Bender Robert And Assocs holds 38,308 shares or 7.67% of its portfolio. The Massachusetts-based Liberty Mutual Group Incorporated Asset has invested 0.11% in Intuitive Surgical, Inc. (NASDAQ:ISRG). Lpl Fincl Limited Liability Co owns 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG) for 3,942 shares. Assetmark Incorporated reported 63 shares or 0% of all its holdings. Tudor Invest Et Al invested 0.05% of its portfolio in Intuitive Surgical, Inc. (NASDAQ:ISRG). Deutsche Bancshares Ag invested in 64,434 shares. Pictet Asset Mngmt Ltd reported 216,793 shares. 19 were accumulated by Evercore Wealth Mgmt Lc. Moreover, Bnp Paribas Asset Management Holdings Sa has 0.01% invested in Intuitive Surgical, Inc. (NASDAQ:ISRG). Confluence Wealth Management Ltd Llc stated it has 1,277 shares or 0.65% of all its holdings.

Sio Capital Management Llc, which manages about $116.75 million and $192.73M US Long portfolio, upped its stake in Axovant Sciences Ltd (Put) by 3.61 million shares to 3.64 million shares, valued at $25.03M in 2017Q3, according to the filing. It also increased its holding in Axovant Sciences Ltd by 1.09 million shares in the quarter, for a total of 1.12 million shares, and has risen its stake in Globus Medical Inc (NYSE:GMED).

Since August 22, 2017, it had 0 insider purchases, and 19 selling transactions for $51.79 million activity. 7,500 shares valued at $2.86 million were sold by BARRATT CRAIG H on Thursday, October 26. Shares for $512,500 were sold by MELTZER MARK J. GUTHART GARY S had sold 28,525 shares worth $11.82 million. On Tuesday, January 30 Samath Jamie sold $413,172 worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) or 964 shares. 262 Intuitive Surgical, Inc. (NASDAQ:ISRG) shares with value of $97,726 were sold by Myriam Curet. $2.51 million worth of Intuitive Surgical, Inc. (NASDAQ:ISRG) was sold by RUBASH MARK J on Tuesday, October 24.

Among 20 analysts covering Intuitive Surgical Inc (NASDAQ:ISRG), 14 have Buy rating, 1 Sell and 5 Hold. Therefore 70% are positive. Intuitive Surgical Inc had 67 analyst reports since July 22, 2015 according to SRatingsIntel. Citigroup initiated Intuitive Surgical, Inc. (NASDAQ:ISRG) on Thursday, November 12 with “Buy” rating. The rating was maintained by Stifel Nicolaus on Friday, January 22 with “Buy”. The stock of Intuitive Surgical, Inc. (NASDAQ:ISRG) has “Sector Perform” rating given on Thursday, January 7 by RBC Capital Markets. As per Wednesday, September 2, the company rating was upgraded by Vetr. The rating was maintained by Morgan Stanley on Tuesday, July 25 with “Overweight”. As per Friday, October 20, the company rating was maintained by Morgan Stanley. Bank of America maintained the shares of ISRG in report on Wednesday, April 20 with “Buy” rating. Piper Jaffray maintained the shares of ISRG in report on Thursday, July 20 with “Hold” rating. On Monday, September 25 the stock rating was maintained by Wedbush with “Buy”. Canaccord Genuity maintained Intuitive Surgical, Inc. (NASDAQ:ISRG) rating on Wednesday, October 19. Canaccord Genuity has “Buy” rating and $800 target.

Water Island Capital Llc, which manages about $3.48 billion and $2.11 billion US Long portfolio, decreased its stake in Norfolk Southern Corp (NYSE:NSC) by 29,647 shares to 21,959 shares, valued at $2.90M in 2017Q3, according to the filing. It also reduced its holding in Westar Energy Inc (NYSE:WR) by 177,370 shares in the quarter, leaving it with 708,068 shares, and cut its stake in Conduent Inc.

- Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

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

>