Woodley Farra Manion Portfolio Management Has Increased Novartis (NVS) Position; Frp Holdings (FRPH) Sellers Increased By 1.81% Their Shorts

February 20, 2018 - By Pete Kolinski

Woodley Farra Manion Portfolio Management Inc increased Novartis (NVS) stake by 1.56% reported in 2017Q3 SEC filing. Woodley Farra Manion Portfolio Management Inc acquired 5,373 shares as Novartis (NVS)’s stock rose 4.17%. The Woodley Farra Manion Portfolio Management Inc holds 348,982 shares with $29.96M value, up from 343,609 last quarter. Novartis now has $187.78B valuation. The stock decreased 1.09% or $0.95 during the last trading session, reaching $85.96. About 759,974 shares traded. Novartis AG (NYSE:NVS) has risen 7.67% since February 20, 2017 and is uptrending. It has underperformed by 9.03% the S&P500.

Frp Holdings Incorporated (NASDAQ:FRPH) had an increase of 1.81% in short interest. FRPH’s SI was 61,800 shares in February as released by FINRA. Its up 1.81% from 60,700 shares previously. With 6,100 avg volume, 10 days are for Frp Holdings Incorporated (NASDAQ:FRPH)’s short sellers to cover FRPH’s short positions. The SI to Frp Holdings Incorporated’s float is 0.93%. The stock increased 0.69% or $0.35 during the last trading session, reaching $51.35. About 2,213 shares traded. FRP Holdings, Inc. (NASDAQ:FRPH) has risen 36.39% since February 20, 2017 and is uptrending. It has outperformed by 19.69% the S&P500.

Among 16 analysts covering Novartis Ag (NYSE:NVS), 5 have Buy rating, 4 Sell and 7 Hold. Therefore 31% are positive. Novartis Ag had 36 analyst reports since July 28, 2015 according to SRatingsIntel. Chardan Capital Markets initiated Novartis AG (NYSE:NVS) rating on Tuesday, September 20. Chardan Capital Markets has “Buy” rating and $95.0 target. The firm has “Hold” rating by Leerink Swann given on Thursday, June 22. The stock of Novartis AG (NYSE:NVS) has “Buy” rating given on Thursday, November 10 by Argus Research. As per Friday, June 16, the company rating was maintained by J P Morgan Chase Co. The firm has “Overweight” rating by Morgan Stanley given on Wednesday, July 26. The stock has “Neutral” rating by UBS on Friday, April 1. The firm earned “Sell” rating on Wednesday, October 25 by Barclays Capital. The rating was downgraded by Morgan Stanley to “Underperform” on Tuesday, April 12. The firm has “Market Perform” rating by Leerink Swann given on Thursday, January 25. Cowen & Co maintained the shares of NVS in report on Friday, February 2 with “Hold” rating.

FRP Holdings, Inc., through its subsidiaries, engages in various real estate businesses in the United States. The company has market cap of $513.87 million. It operates in Asset Management, Mining Royalty Land, and Land Development and Construction divisions. It has a 16.77 P/E ratio. The Asset Management segment owns, leases, and manages warehouses and office buildings located primarily in the Baltimore, Northern Virginia, and Washington, DC market areas.

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