Tesaro (TSRO) Stake Has Upped by Trellus Management Company Llc; Pioneer Natural Resources Co (PXD) Holder Bank Of New York Mellon Lowered Position by $14.82 Million

February 20, 2018 - By Louis Casey

Adam Usdan increased its stake in Tesaro Inc (TSRO) by 36.82% based on its latest 2017Q3 regulatory filing with the SEC. Trellus Management Company Llc bought 3,100 shares as the company’s stock declined 19.97% while stock markets rallied. The hedge fund run by Adam Usdan held 11,519 shares of the health care company at the end of 2017Q3, valued at $1.49M, up from 8,419 at the end of the previous reported quarter. Trellus Management Company Llc who had been investing in Tesaro Inc for a number of months, seems to be bullish on the $3.39 billion market cap company. The stock increased 3.80% or $2.28 during the last trading session, reaching $62.28. About 872,211 shares traded. Tesaro, Inc. (NASDAQ:TSRO) has risen 254.28% since February 20, 2017 and is uptrending. It has outperformed by 237.58% the S&P500.

Bank Of New York Mellon Corp decreased its stake in Pioneer Natural Resources Co (PXD) by 4.11% based on its latest 2017Q3 regulatory filing with the SEC. Bank Of New York Mellon Corp sold 100,849 shares as the company’s stock declined 8.01% while stock markets rallied. The institutional investor held 2.35 million shares of the oil & gas production company at the end of 2017Q3, valued at $347.30 million, down from 2.45M at the end of the previous reported quarter. Bank Of New York Mellon Corp who had been investing in Pioneer Natural Resources Co for a number of months, seems to be less bullish one the $30.32B market cap company. The stock decreased 0.34% or $0.6 during the last trading session, reaching $178.19. About 718,104 shares traded. Pioneer Natural Resources Company (NYSE:PXD) has risen 8.46% since February 20, 2017 and is uptrending. It has underperformed by 8.24% the S&P500.

Since September 1, 2017, it had 0 buys, and 5 sales for $4.63 million activity. Bogle Grant C. had sold 14,167 shares worth $1.91M on Friday, September 1. Shares for $70,211 were sold by Huber Martin H. Jr.. $9,419 worth of Tesaro, Inc. (NASDAQ:TSRO) shares were sold by Oliveira Orlando. Another trade for 10,000 shares valued at $1.17 million was sold by Armitage James O.

Investors sentiment decreased to 1.21 in Q3 2017. Its down 0.25, from 1.46 in 2017Q2. It fall, 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. Price T Rowe Assoc Md accumulated 4.42 million shares. Rock Springs Cap Management LP reported 495,250 shares. Northern Tru Corp reported 0.01% of its portfolio in Tesaro, Inc. (NASDAQ:TSRO). Greenwood Capital Ltd Llc invested 0.09% in Tesaro, Inc. (NASDAQ:TSRO). Moreover, Pictet Asset Mngmt has 0.23% invested in Tesaro, Inc. (NASDAQ:TSRO). Huntington Bancshares has 244 shares. Barclays Pcl, United Kingdom-based fund reported 4,116 shares. Nuveen Asset Ltd Liability Corporation accumulated 52,834 shares. Nationwide Fund has invested 0.03% in Tesaro, Inc. (NASDAQ:TSRO). Moreover, Fjarde Ap has 0.03% invested in Tesaro, Inc. (NASDAQ:TSRO). Fred Alger Mngmt owns 280,003 shares or 0.17% of their US portfolio. Moreover, State Of Wisconsin Investment Board has 0.02% invested in Tesaro, Inc. (NASDAQ:TSRO). Legal General Group Incorporated Public Ltd Liability holds 38,297 shares. 84,459 were accumulated by Macquarie Group Inc Ltd. Cornerstone Advsrs owns 0.01% invested in Tesaro, Inc. (NASDAQ:TSRO) for 106 shares.

Trellus Management Company Llc, which manages about $123.52M and $73.00 million US Long portfolio, decreased its stake in Spdr Gold Trust (GLD) by 31,800 shares to 8,200 shares, valued at $997,000 in 2017Q3, according to the filing. It also reduced its holding in Quidel Corp (NASDAQ:QDEL) by 12,930 shares in the quarter, leaving it with 10,000 shares, and cut its stake in Points Intl Ltd (NASDAQ:PCOM).

Among 25 analysts covering Tesaro Inc (NASDAQ:TSRO), 14 have Buy rating, 1 Sell and 10 Hold. Therefore 56% are positive. Tesaro Inc had 65 analyst reports since August 24, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Monday, October 10 by Bank of America. The firm has “Buy” rating given on Sunday, June 4 by Oppenheimer. The stock of Tesaro, Inc. (NASDAQ:TSRO) has “Outperform” rating given on Friday, August 5 by Wedbush. As per Monday, October 10, the company rating was maintained by Wedbush. The stock has “Neutral” rating by Bank of America on Tuesday, August 30. The rating was maintained by FBR Capital with “Outperform” on Tuesday, December 27. The stock has “Hold” rating by Cowen & Co on Wednesday, September 6. Wedbush maintained Tesaro, Inc. (NASDAQ:TSRO) on Wednesday, March 15 with “Outperform” rating. The company was maintained on Monday, June 5 by FBR Capital. On Friday, February 10 the stock rating was downgraded by Leerink Swann to “Mkt Perform”.

Bank Of New York Mellon Corp, which manages about $363.33 billion US Long portfolio, upped its stake in Harsco Corp (NYSE:HSC) by 21,933 shares to 1.14M shares, valued at $23.82M in 2017Q3, according to the filing. It also increased its holding in Spdr Bbg Barc High Yield Bnd (JNK) by 39,112 shares in the quarter, for a total of 324,327 shares, and has risen its stake in Viavi Solutions Inc.

Since September 11, 2017, it had 0 insider buys, and 5 selling transactions for $941,910 activity. $315,700 worth of Pioneer Natural Resources Company (NYSE:PXD) shares were sold by BERG MARK STEPHEN. Grillot Larry R. also sold $31,870 worth of Pioneer Natural Resources Company (NYSE:PXD) shares. Another trade for 1,000 shares valued at $159,505 was sold by DOVE TIMOTHY L. Hopkins Frank E also sold $320,000 worth of Pioneer Natural Resources Company (NYSE:PXD) on Monday, December 18.

Among 40 analysts covering Pioneer Natural Resources (NYSE:PXD), 35 have Buy rating, 1 Sell and 4 Hold. Therefore 88% are positive. Pioneer Natural Resources had 150 analyst reports since July 21, 2015 according to SRatingsIntel. Morgan Stanley maintained Pioneer Natural Resources Company (NYSE:PXD) rating on Wednesday, January 24. Morgan Stanley has “Overweight” rating and $197 target. CLSA upgraded Pioneer Natural Resources Company (NYSE:PXD) on Monday, August 10 to “Underperform” rating. The firm has “Outperform” rating given on Wednesday, January 6 by RBC Capital Markets. Barclays Capital upgraded the stock to “Equal Weight” rating in Monday, January 11 report. The rating was maintained by Jefferies on Wednesday, December 20 with “Buy”. The firm has “Outperform” rating by RBC Capital Markets given on Friday, March 18. The firm has “Buy” rating by Deutsche Bank given on Tuesday, March 29. The rating was maintained by Jefferies on Tuesday, August 29 with “Buy”. The stock of Pioneer Natural Resources Company (NYSE:PXD) earned “Buy” rating by RBC Capital Markets on Thursday, July 20. The rating was downgraded by SunTrust on Tuesday, February 6 to “Hold”.

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