Tesla (TSLA) Share Price Rose While Marathon Trading Investment Management Has Boosted Its Position; Eagle Pharmaceuticals (EGRX) Holding Increased by Park West Asset Management Llc

February 24, 2018 - By Darrin Black

Peter S. Park increased its stake in Eagle Pharmaceuticals Inc (EGRX) by 123.33% based on its latest 2017Q3 regulatory filing with the SEC. Park West Asset Management Llc bought 501,557 shares as the company’s stock rose 7.49% with the market. The hedge fund run by Peter S. Park held 908,220 shares of the health care company at the end of 2017Q3, valued at $54.17 million, up from 406,663 at the end of the previous reported quarter. Park West Asset Management Llc who had been investing in Eagle Pharmaceuticals Inc for a number of months, seems to be bullish on the $997.66M market cap company. The stock increased 2.83% or $1.84 during the last trading session, reaching $66.86. About 441,188 shares traded or 95.66% up from the average. Eagle Pharmaceuticals, Inc. (NASDAQ:EGRX) has risen 79.40% since February 24, 2017 and is uptrending. It has outperformed by 62.70% the S&P500.

Bruce J. Richards increased its stake in Tesla Inc (TSLA) by 193.65% based on its latest 2017Q3 regulatory filing with the SEC. Marathon Trading Investment Management Llc bought 30,465 shares as the company’s stock rose 14.18% with the market. The hedge fund run by Bruce J. Richards held 46,197 shares of the capital goods company at the end of 2017Q3, valued at $15.76M, up from 15,732 at the end of the previous reported quarter. Marathon Trading Investment Management Llc who had been investing in Tesla Inc for a number of months, seems to be bullish on the $59.45B market cap company. The stock increased 1.70% or $5.88 during the last trading session, reaching $352.05. About 5.82 million shares traded or 1.89% up from the average. Tesla, Inc. (NASDAQ:TSLA) has risen 44.43% since February 24, 2017 and is uptrending. It has outperformed by 27.73% the S&P500.

Among 35 analysts covering Tesla Motors Inc (NASDAQ:TSLA), 13 have Buy rating, 10 Sell and 12 Hold. Therefore 37% are positive. Tesla Motors Inc had 127 analyst reports since July 21, 2015 according to SRatingsIntel. As per Saturday, August 15, the company rating was maintained by Stifel Nicolaus. The company was maintained on Wednesday, July 5 by Guggenheim. Guggenheim maintained the shares of TSLA in report on Thursday, January 4 with “Buy” rating. The firm has “Equal-Weight” rating given on Monday, May 15 by Morgan Stanley. The rating was downgraded by Vetr on Friday, August 28 to “Strong-Buy”. On Friday, August 28 the stock rating was maintained by Global Equities Research with “Overweight”. On Thursday, June 23 the stock rating was downgraded by Morgan Stanley to “Equal-Weight”. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Hold” rating given on Wednesday, August 9 by Oppenheimer. Robert W. Baird maintained it with “Buy” rating and $411.0 target in Friday, September 29 report. The stock of Tesla, Inc. (NASDAQ:TSLA) has “Outperform” rating given on Tuesday, April 5 by Credit Suisse.

Marathon Trading Investment Management Llc, which manages about $886.83M and $878.70 million US Long portfolio, decreased its stake in Ishares Inc (Put) by 75,000 shares to 25,000 shares, valued at $1.73M in 2017Q3, according to the filing. It also reduced its holding in United States Oil Fund Lp (USO) by 140,963 shares in the quarter, leaving it with 36,794 shares, and cut its stake in Tesla Inc (Put).

Since September 1, 2017, it had 0 insider buys, and 9 selling transactions for $4.84 million activity. 1,000 shares were sold by FIELD JOHN DOUGLAS, worth $330,056. Musk Kimbal had sold 2,190 shares worth $777,887.

Investors sentiment increased to 1.3 in Q3 2017. Its up 0.03, from 1.27 in 2017Q2. It increased, as 93 investors sold TSLA shares while 134 reduced holdings. 73 funds opened positions while 223 raised stakes. 93.25 million shares or 1.29% more from 92.06 million shares in 2017Q2 were reported. Morgens Waterfall Vintiadis & owns 12,100 shares for 3.46% of their portfolio. Colony Grp Ltd Liability Corp has 0.01% invested in Tesla, Inc. (NASDAQ:TSLA) for 604 shares. Amf Pensionsforsakring invested in 11,996 shares or 0.04% of the stock. Susquehanna Intl Group Ltd Liability Partnership holds 0.15% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 969,436 shares. Willingdon Wealth Management holds 0% or 18 shares. Waddell Reed Inc stated it has 0.15% of its portfolio in Tesla, Inc. (NASDAQ:TSLA). American Century holds 0.21% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 601,870 shares. Ubs Asset Mngmt Americas holds 0.11% or 361,118 shares. Johnson Grp Inc accumulated 86 shares. Moreover, Alpha Windward Ltd Limited Liability Company has 0.02% invested in Tesla, Inc. (NASDAQ:TSLA) for 85 shares. Dock Street Asset reported 2,596 shares. Criterion Mngmt Llc accumulated 51,106 shares. Paloma Prtn has invested 0.03% in Tesla, Inc. (NASDAQ:TSLA). 3.02M were accumulated by Capital World Invsts. Sequoia Advsr Ltd Co holds 0.04% of its portfolio in Tesla, Inc. (NASDAQ:TSLA) for 1,042 shares.

Park West Asset Management Llc, which manages about $1.77 billion and $1.68B US Long portfolio, decreased its stake in Blackhawk Network Hldgs Inc (NASDAQ:HAWK) by 259,299 shares to 1.50 million shares, valued at $65.70M in 2017Q3, according to the filing. It also reduced its holding in Heska Corp (NASDAQ:HSKA) by 101,112 shares in the quarter, leaving it with 88,390 shares, and cut its stake in Silicon Motion Technology Co (NASDAQ:SIMO).

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