Dr Reddys Labs LTD (RDY) Stock Price Declined While Dalton Investments Has Raised by $814,000 Its Position; Presima Increases Holding in Avalonbay Cmntys (AVB)

April 15, 2018 - By Richard Conner

Dr. Reddy's Laboratories Limited (NYSE:RDY) Logo

Gifford Combs increased its stake in Dr Reddys Labs Ltd (RDY) by 10.63% based on its latest 2017Q4 regulatory filing with the SEC. Dalton Investments Llc bought 22,000 shares as the company’s stock declined 9.49% with the market. The hedge fund run by Gifford Combs held 229,000 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $8.60 million, up from 207,000 at the end of the previous reported quarter. Dalton Investments Llc who had been investing in Dr Reddys Labs Ltd for a number of months, seems to be bullish on the $5.27 billion market cap company. The stock decreased 0.12% or $0.04 during the last trading session, reaching $32.31. About 449,207 shares traded or 43.16% up from the average. Dr. Reddy's Laboratories Limited (NYSE:RDY) has declined 18.86% since April 15, 2017 and is downtrending. It has underperformed by 30.41% the S&P500.

Presima Inc increased its stake in Avalonbay Cmntys Inc (AVB) by 34.01% based on its latest 2017Q4 regulatory filing with the SEC. Presima Inc bought 63,300 shares as the company’s stock declined 9.81% with the market. The institutional investor held 249,400 shares of the consumer services company at the end of 2017Q4, valued at $44.50 million, up from 186,100 at the end of the previous reported quarter. Presima Inc who had been investing in Avalonbay Cmntys Inc for a number of months, seems to be bullish on the $23.00B market cap company. The stock increased 0.81% or $1.33 during the last trading session, reaching $166.53. About 568,493 shares traded. AvalonBay Communities, Inc. (NYSE:AVB) has declined 13.10% since April 15, 2017 and is downtrending. It has underperformed by 24.65% the S&P500.

Among 7 analysts covering Dr. Reddy’s (NYSE:RDY), 1 have Buy rating, 4 Sell and 2 Hold. Therefore 14% are positive. Dr. Reddy’s had 9 analyst reports since November 10, 2015 according to SRatingsIntel. HSBC downgraded the shares of RDY in report on Wednesday, July 27 to “Reduce” rating. The stock of Dr. Reddy's Laboratories Limited (NYSE:RDY) earned “Overweight” rating by Morgan Stanley on Thursday, September 21. The firm has “Sell” rating given on Friday, September 1 by Jefferies. As per Tuesday, November 10, the company rating was downgraded by Citigroup. The firm earned “Neutral” rating on Monday, May 2 by Goldman Sachs. Jefferies maintained the shares of RDY in report on Wednesday, November 1 with “Underperform” rating. The firm has “Sell” rating by CLSA given on Friday, July 28. The firm earned “Sell” rating on Wednesday, December 2 by Deutsche Bank. The firm has “Underperform” rating given on Wednesday, July 27 by Jefferies.

Dalton Investments Llc, which manages about $3.14B and $265.26M US Long portfolio, decreased its stake in Cheniere Energy Ptnrs Lp Hld (NYSEMKT:CQH) by 411,492 shares to 375,038 shares, valued at $10.39M in 2017Q4, according to the filing. It also reduced its holding in Dorian Lpg Ltd (NYSE:LPG) by 304,251 shares in the quarter, leaving it with 369,376 shares, and cut its stake in China Distance Ed Hldgs Ltd (NYSE:DL).

Among 27 analysts covering Avalonbay Communities Inc. (NYSE:AVB), 12 have Buy rating, 1 Sell and 14 Hold. Therefore 44% are positive. Avalonbay Communities Inc. had 86 analyst reports since July 21, 2015 according to SRatingsIntel. On Thursday, November 9 the stock rating was upgraded by UBS to “Buy”. Jefferies maintained AvalonBay Communities, Inc. (NYSE:AVB) rating on Thursday, December 14. Jefferies has “Hold” rating and $205.0 target. The firm has “Buy” rating given on Friday, October 16 by Suntrust Robinson. SunTrust maintained the shares of AVB in report on Friday, February 2 with “Buy” rating. RBC Capital Markets maintained it with “Buy” rating and $20600 target in Tuesday, August 8 report. SunTrust upgraded the shares of AVB in report on Monday, January 22 to “Buy” rating. On Monday, March 7 the stock rating was downgraded by BMO Capital Markets to “Market Perform”. The firm earned “Underweight” rating on Tuesday, November 10 by BB&T Capital. As per Thursday, March 1, the company rating was maintained by Argus Research. The rating was maintained by BMO Capital Markets with “Hold” on Friday, May 26.

Presima Inc, which manages about $1.11B and $775.98M US Long portfolio, decreased its stake in Apartment Invt & Mgmt Co (NYSE:AIV) by 207,600 shares to 1.03M shares, valued at $44.92 million in 2017Q4, according to the filing. It also reduced its holding in Paramount Group Inc by 184,400 shares in the quarter, leaving it with 2.94M shares, and cut its stake in Hudson Pac Pptys Inc (NYSE:HPP).

Investors sentiment increased to 1.28 in Q4 2017. Its up 0.01, from 1.27 in 2017Q3. It is positive, as 31 investors sold AVB shares while 129 reduced holdings. 55 funds opened positions while 150 raised stakes. 127.43 million shares or 0.60% less from 128.20 million shares in 2017Q3 were reported. State Board Of Administration Of Florida Retirement Sys holds 0.09% or 197,415 shares in its portfolio. Ftb Advsrs Inc reported 164 shares. Northwestern Mutual Wealth Management stated it has 95 shares. Jefferies Gp Ltd Company has 0.01% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 14,937 shares. Farmers & Merchants Incorporated holds 0% of its portfolio in AvalonBay Communities, Inc. (NYSE:AVB) for 58 shares. Grp Inc Inc reported 55,874 shares or 0.03% of all its holdings. 439 are held by Nelson Roberts Advisors Limited Co. Pnc Serv Gp has invested 0% in AvalonBay Communities, Inc. (NYSE:AVB). M&T Bancorp Corp accumulated 13,917 shares or 0.01% of the stock. Sand Hill Advsrs Lc holds 1,815 shares. Schwab Charles Investment Mngmt has 0.18% invested in AvalonBay Communities, Inc. (NYSE:AVB). Lourd Capital Limited Com stated it has 4,555 shares. Retirement System Of Alabama holds 66,917 shares. 13,302 are owned by Nomura Hldg. National Bank Of New York Mellon has 0.16% invested in AvalonBay Communities, Inc. (NYSE:AVB) for 3.49M shares.

AvalonBay Communities, Inc. (NYSE:AVB) Institutional Positions Chart

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