As Cosan LTD (CZZ) Stock Value Declined, Shareholder Lonestar Capital Management Has Cut Holding by $1.60 Million; Jlb & Associates Has Lifted Varian Medical Systems (VAR) Holding by $434,900; Share Price Rose

February 24, 2018 - By Nellie Frank

Jlb & Associates Inc increased its stake in Varian Medical Systems (VAR) by 5.75% based on its latest 2017Q3 regulatory filing with the SEC. Jlb & Associates Inc bought 4,349 shares as the company’s stock rose 13.68% with the market. The institutional investor held 79,969 shares of the health care company at the end of 2017Q3, valued at $8.00M, up from 75,620 at the end of the previous reported quarter. Jlb & Associates Inc who had been investing in Varian Medical Systems for a number of months, seems to be bullish on the $11.06B market cap company. The stock increased 1.11% or $1.33 during the last trading session, reaching $121.17. About 317,080 shares traded. Varian Medical Systems, Inc. (NYSE:VAR) has risen 29.46% since February 24, 2017 and is uptrending. It has outperformed by 12.76% the S&P500.

Jerome L. Simon decreased its stake in Cosan Ltd (CZZ) by 44.44% based on its latest 2017Q3 regulatory filing with the SEC. Lonestar Capital Management Llc sold 200,000 shares as the company’s stock declined 18.27% while stock markets rallied. The hedge fund run by Jerome L. Simon held 250,000 shares of the specialty foods company at the end of 2017Q3, valued at $2.03 million, down from 450,000 at the end of the previous reported quarter. Lonestar Capital Management Llc who had been investing in Cosan Ltd for a number of months, seems to be less bullish one the $2.99B market cap company. The stock decreased 1.99% or $0.23 during the last trading session, reaching $11.31. About 1.73 million shares traded or 36.31% up from the average. Cosan Limited (NYSE:CZZ) has risen 35.16% since February 24, 2017 and is uptrending. It has outperformed by 18.46% the S&P500.

Jlb & Associates Inc, which manages about $350.10 million and $409.45 million US Long portfolio, decreased its stake in Patterson Companies by 38,006 shares to 15,606 shares, valued at $603,000 in 2017Q3, according to the filing. It also reduced its holding in Copart Inc (NASDAQ:CPRT) by 9,883 shares in the quarter, leaving it with 292,839 shares, and cut its stake in Danaher (NYSE:DHR).

Among 12 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 5 have Buy rating, 2 Sell and 5 Hold. Therefore 42% are positive. Varian Medical Systems Inc. had 37 analyst reports since August 27, 2015 according to SRatingsIntel. Robert W. Baird maintained the shares of VAR in report on Wednesday, September 28 with “Neutral” rating. On Thursday, September 7 the stock rating was downgraded by BTIG Research to “Neutral”. The stock of Varian Medical Systems, Inc. (NYSE:VAR) earned “Hold” rating by RBC Capital Markets on Thursday, November 30. The company was maintained on Wednesday, October 25 by Jefferies. The stock has “Neutral” rating by JP Morgan on Thursday, January 25. The company was downgraded on Thursday, January 25 by Goldman Sachs. The firm earned “Sector Perform” rating on Thursday, April 27 by RBC Capital Markets. The rating was maintained by Citigroup with “Neutral” on Monday, October 30. On Thursday, November 12 the stock rating was initiated by Citigroup with “Neutral”. Jefferies maintained Varian Medical Systems, Inc. (NYSE:VAR) on Friday, July 14 with “Buy” rating.

Since August 31, 2017, it had 0 buys, and 20 selling transactions for $22.12 million activity. 10,000 shares valued at $1.11M were sold by GUERTIN TIMOTHY E on Tuesday, January 2. The insider KUO JOHN W sold $777,343. Another trade for 24,000 shares valued at $3.04 million was made by WILSON DOW R on Thursday, February 1. 5,651 shares valued at $578,594 were sold by ECKERT R ANDREW on Friday, October 6. LARET MARK R sold $274,383 worth of Varian Medical Systems, Inc. (NYSE:VAR) on Thursday, February 1.

Investors sentiment increased to 1.02 in Q3 2017. Its up 0.07, from 0.95 in 2017Q2. It is positive, as 37 investors sold VAR shares while 166 reduced holdings. 51 funds opened positions while 156 raised stakes. 89.98 million shares or 0.15% less from 90.12 million shares in 2017Q2 were reported. Americafirst Mgmt Ltd Liability Co holds 0.9% or 6,648 shares in its portfolio. Caprock Gp Inc holds 0.17% or 8,368 shares in its portfolio. Glenmede Trust Commerce Na accumulated 61,260 shares or 0.03% of the stock. Endurance Wealth Management invested in 0% or 66 shares. Schwartz Counsel Inc owns 71,000 shares for 0.44% of their portfolio. Cannell Peter B And Incorporated has 163,714 shares for 0.57% of their portfolio. Cibc World invested in 0.01% or 14,102 shares. Parametrica Mgmt Ltd has 2,292 shares. Gideon Capital Advsrs stated it has 3,359 shares. Advisory Ltd Liability Corp has invested 0% of its portfolio in Varian Medical Systems, Inc. (NYSE:VAR). Louisiana State Employees Retirement reported 0.03% in Varian Medical Systems, Inc. (NYSE:VAR). Cleararc Capital reported 2,363 shares. Vident Advisory Limited Liability Co holds 0.69% or 128,154 shares in its portfolio. Federated Inc Pa holds 1,448 shares. Seaward Management Limited Partnership owns 15,230 shares.

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