Thornburg Investment Management Has Raised Its Fresenius Medical Care (FMS) Position by $1.74 Million; Plains All Amern Pip (PAA) Holder Duff & Phelps Investment Management Co Has Trimmed Holding by $38.25 Million

February 22, 2018 - By Lawrence Diaz

Thornburg Investment Management Inc increased its stake in Fresenius Medical Care (FMS) by 22.54% based on its latest 2017Q3 regulatory filing with the SEC. Thornburg Investment Management Inc bought 36,227 shares as the company’s stock rose 12.73% with the market. The institutional investor held 196,977 shares of the hospital and nursing management company at the end of 2017Q3, valued at $9.63 million, up from 160,750 at the end of the previous reported quarter. Thornburg Investment Management Inc who had been investing in Fresenius Medical Care for a number of months, seems to be bullish on the $31.01B market cap company. The stock increased 1.29% or $0.69 during the last trading session, reaching $54.16. About 56,216 shares traded. Fresenius Medical Care AG & Co. KGAA (NYSE:FMS) has risen 11.17% since February 22, 2017 and is uptrending. It has underperformed by 5.53% the S&P500.

Duff & Phelps Investment Management Co decreased its stake in Plains All Amern Pip (PAA) by 89.53% based on its latest 2017Q3 regulatory filing with the SEC. Duff & Phelps Investment Management Co sold 1.82 million shares as the company’s stock declined 10.37% while stock markets rallied. The institutional investor held 213,000 shares of the energy company at the end of 2017Q3, valued at $4.51 million, down from 2.03M at the end of the previous reported quarter. Duff & Phelps Investment Management Co who had been investing in Plains All Amern Pip for a number of months, seems to be less bullish one the $15.58B market cap company. The stock increased 0.37% or $0.08 during the last trading session, reaching $21.48. About 671,902 shares traded. Plains All American Pipeline, L.P. (NYSE:PAA) has risen 11.50% since February 22, 2017 and is uptrending. It has underperformed by 5.20% the S&P500.

Thornburg Investment Management Inc, which manages about $94.41 billion and $14.00 billion US Long portfolio, decreased its stake in Nevro Corp by 35,521 shares to 213,949 shares, valued at $19.44 million in 2017Q3, according to the filing. It also reduced its holding in Unspon Adr by 119,976 shares in the quarter, leaving it with 3.07 million shares, and cut its stake in Baidu Inc (NASDAQ:BIDU).

Among 8 analysts covering Fresenius Medical (NYSE:FMS), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. Fresenius Medical had 17 analyst reports since July 31, 2015 according to SRatingsIntel. The firm has “Hold” rating given on Tuesday, May 30 by RBC Capital Markets. The firm has “Hold” rating given on Thursday, October 12 by RBC Capital Markets. RBC Capital Markets maintained the stock with “Sector Perform” rating in Friday, July 31 report. RBC Capital Markets maintained Fresenius Medical Care AG & Co. KGAA (NYSE:FMS) on Wednesday, July 5 with “Hold” rating. The rating was upgraded by Goldman Sachs to “Buy” on Thursday, September 3. The firm has “Overweight” rating by JP Morgan given on Monday, January 4. The company was maintained on Thursday, November 2 by RBC Capital Markets. The rating was maintained by RBC Capital Markets with “Hold” on Monday, August 7. The stock of Fresenius Medical Care AG & Co. KGAA (NYSE:FMS) earned “Buy” rating by Goldman Sachs on Tuesday, September 22. The rating was initiated by Nomura with “Buy” on Thursday, March 17.

Analysts await Plains All American Pipeline, L.P. (NYSE:PAA) to report earnings on May, 14. They expect $0.31 EPS, up 14.81% or $0.04 from last year’s $0.27 per share. PAA’s profit will be $224.81M for 17.32 P/E if the $0.31 EPS becomes a reality. After $0.26 actual EPS reported by Plains All American Pipeline, L.P. for the previous quarter, Wall Street now forecasts 19.23% EPS growth.

Among 30 analysts covering Plains All American Pipeline LP (NYSE:PAA), 12 have Buy rating, 1 Sell and 17 Hold. Therefore 40% are positive. Plains All American Pipeline LP had 106 analyst reports since August 6, 2015 according to SRatingsIntel. The firm earned “Hold” rating on Sunday, October 1 by RBC Capital Markets. As per Monday, October 10, the company rating was maintained by Howard Weil. The rating was upgraded by Jefferies to “Buy” on Monday, August 21. RBC Capital Markets maintained the stock with “Outperform” rating in Monday, November 16 report. On Monday, July 17 the stock rating was maintained by Stifel Nicolaus with “Hold”. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) has “Equal Weight” rating given on Wednesday, January 13 by CapitalOne. Stifel Nicolaus maintained Plains All American Pipeline, L.P. (NYSE:PAA) rating on Thursday, September 28. Stifel Nicolaus has “Hold” rating and $21.0 target. RBC Capital Markets maintained the stock with “Hold” rating in Monday, November 13 report. The stock of Plains All American Pipeline, L.P. (NYSE:PAA) earned “Neutral” rating by JP Morgan on Wednesday, January 13. Citigroup reinitiated Plains All American Pipeline, L.P. (NYSE:PAA) on Tuesday, August 16 with “Buy” rating.

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