Hrg Group (HRG) Holder Jet Capital Investors LP Has Boosted Its Stake; Shelter Mutual Insurance Co Continues to Hold Holding in Teva Pharmaceutical Industries LTD (TEVA)

February 23, 2018 - By Marguerite Chambers

Matthew Mark increased its stake in Hrg Group Inc (HRG) by 8.54% based on its latest 2017Q3 regulatory filing with the SEC. Jet Capital Investors LP bought 350,000 shares as the company’s stock declined 0.45% while stock markets rallied. The hedge fund run by Matthew Mark held 4.45M shares of the miscellaneous company at the end of 2017Q3, valued at $69.47M, up from 4.10M at the end of the previous reported quarter. Jet Capital Investors LP who had been investing in Hrg Group Inc for a number of months, seems to be bullish on the $3.16B market cap company. The stock increased 0.06% or $0.01 during the last trading session, reaching $15.9. About 757,005 shares traded. HRG Group, Inc. (NYSE:HRG) has risen 28.87% since February 23, 2017 and is uptrending. It has outperformed by 12.17% the S&P500.

Shelter Mutual Insurance Co increased its stake in Teva Pharmaceutical Industries Ltd (TEVA) by 910% based on its latest 2017Q3 regulatory filing with the SEC. Shelter Mutual Insurance Co bought 36,400 shares as the company’s stock declined 15.11% while stock markets rallied. The institutional investor held 40,400 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $711,000, up from 4,000 at the end of the previous reported quarter. Shelter Mutual Insurance Co who had been investing in Teva Pharmaceutical Industries Ltd for a number of months, seems to be bullish on the $20.38B market cap company. The stock increased 1.21% or $0.24 during the last trading session, reaching $20.04. About 7.26M shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 23, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Jet Capital Investors L P, which manages about $1.55B and $2.12B US Long portfolio, decreased its stake in Cardconnect Ord by 521,166 shares to 17,766 shares, valued at $266,000 in 2017Q3, according to the filing. It also reduced its holding in Altaba Inc (Call) by 4.00 million shares in the quarter, leaving it with 1.00M shares, and cut its stake in British Amern Tob Plc (NYSEMKT:BTI).

Shelter Mutual Insurance Co, which manages about $320.56 million US Long portfolio, decreased its stake in Deere & Co (NYSE:DE) by 6,900 shares to 74,200 shares, valued at $9.32M in 2017Q3, according to the filing. It also reduced its holding in Visa Inc/A (NYSE:V) by 14,500 shares in the quarter, leaving it with 154,840 shares, and cut its stake in Abbott Labs (NYSE:ABT).

Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Buy” rating given on Thursday, January 11 by Goldman Sachs. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) has “Neutral” rating given on Wednesday, August 16 by Citigroup. The rating was maintained by Cowen & Co on Wednesday, April 5 with “Outperform”. The firm has “Hold” rating by Gabelli given on Friday, February 9. The firm earned “Outperform” rating on Wednesday, November 16 by RBC Capital Markets. RBC Capital Markets downgraded the stock to “Underperform” rating in Friday, August 4 report. As per Monday, July 18, the company rating was upgraded by HSBC. As per Tuesday, July 28, the company rating was maintained by Argus Research. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) earned “Hold” rating by Morgan Stanley on Friday, December 15. The company was downgraded on Wednesday, November 16 by Jefferies.

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