Citigroup Has Decreased Abaxis (ABAX) Stake; Last Week Frontline Ltd. (FRO) Coverage

April 17, 2018 - By Lawrence Diaz

Abaxis, Inc. (NASDAQ:ABAX) Logo

Among 8 analysts covering Frontline Ltd. (NYSE:FRO), 5 have Buy rating, 1 Sell and 2 Hold. Therefore 63% are positive. Frontline Ltd. had 12 analyst reports since November 25, 2015 according to SRatingsIntel. Seaport Global upgraded the shares of FRO in report on Wednesday, May 31 to “Buy” rating. The firm has “Buy” rating given on Thursday, January 4 by Seaport Global. The stock of Frontline Ltd. (NYSE:FRO) has “Underperform” rating given on Friday, July 21 by Evercore. The firm earned “Buy” rating on Wednesday, January 13 by DNB Markets. On Thursday, January 14 the stock rating was upgraded by Nordea to “Buy”. The rating was upgraded by Credit Suisse on Wednesday, November 25 to “Neutral”. Clarkson Capital upgraded the shares of FRO in report on Tuesday, February 9 to “Buy” rating. As per Wednesday, May 4, the company rating was reinitiated by Seaport Global. Clarkson Capital upgraded the shares of FRO in report on Tuesday, February 16 to “Buy” rating. Seaport Global Securities initiated Frontline Ltd. (NYSE:FRO) rating on Thursday, December 17. Seaport Global Securities has “Buy” rating and $5 target. See Frontline Ltd. (NYSE:FRO) latest ratings:

04/01/2018 Broker: Seaport Global Rating: Buy New Target: $7.0 Maintain

Citigroup Inc decreased Abaxis Inc (ABAX) stake by 61.76% reported in 2017Q4 SEC filing. Citigroup Inc sold 8,075 shares as Abaxis Inc (ABAX)’s stock rose 40.60%. The Citigroup Inc holds 4,999 shares with $247,000 value, down from 13,074 last quarter. Abaxis Inc now has $1.66 billion valuation. The stock decreased 0.87% or $0.64 during the last trading session, reaching $73.14. About 13,167 shares traded. Abaxis, Inc. (NASDAQ:ABAX) has risen 44.47% since April 17, 2017 and is uptrending. It has outperformed by 32.92% the S&P500.

Since January 30, 2018, it had 0 buys, and 9 insider sales for $2.44 million activity. Shares for $333,460 were sold by EVENHUIS HENK. 1,650 shares valued at $122,652 were sold by TOCKMAN CRAIG on Wednesday, January 31. Another trade for 4,400 shares valued at $304,953 was made by Henkel Achim on Tuesday, March 6. $140,500 worth of Abaxis, Inc. (NASDAQ:ABAX) shares were sold by SINGH PRITHIPAL. The insider ARON KENNETH sold 1,412 shares worth $98,266. The insider WOOD DONALD PETER sold 10,000 shares worth $689,851. $355,327 worth of Abaxis, Inc. (NASDAQ:ABAX) shares were sold by CASEY MICHAEL D.

Among 10 analysts covering Abaxis (NASDAQ:ABAX), 1 have Buy rating, 3 Sell and 6 Hold. Therefore 10% are positive. Abaxis had 30 analyst reports since July 23, 2015 according to SRatingsIntel. Bank of America downgraded Abaxis, Inc. (NASDAQ:ABAX) on Wednesday, October 21 to “Underperform” rating. Stifel Nicolaus maintained Abaxis, Inc. (NASDAQ:ABAX) rating on Friday, January 27. Stifel Nicolaus has “Hold” rating and $48 target. The firm has “Hold” rating by Canaccord Genuity given on Monday, January 29. Canaccord Genuity maintained the stock with “Hold” rating in Monday, August 21 report. The company was initiated on Friday, April 1 by CL King. The rating was maintained by Bank of America with “Underperform” on Thursday, February 8. The firm has “Hold” rating by Canaccord Genuity given on Thursday, November 12. The rating was upgraded by Raymond James to “Hold” on Tuesday, January 9. The rating was maintained by Bank of America with “Underperform” on Wednesday, October 25. As per Monday, January 29, the company rating was maintained by Northcoast.

Investors sentiment decreased to 1.27 in 2017 Q4. Its down 0.05, from 1.32 in 2017Q3. It dropped, as 12 investors sold ABAX shares while 40 reduced holdings. 25 funds opened positions while 41 raised stakes. 21.66 million shares or 0.81% less from 21.83 million shares in 2017Q3 were reported. Ameriprise Fincl Inc stated it has 134,811 shares or 0% of all its holdings. Amer International Gp reported 0% of its portfolio in Abaxis, Inc. (NASDAQ:ABAX). 34,583 were reported by California State Teachers Retirement Sys. Eqis Capital Mgmt, California-based fund reported 7,581 shares. Employees Retirement Association Of Colorado accumulated 6,537 shares or 0% of the stock. Pnc Service Grp Inc reported 0% stake. Invesco reported 0% stake. Price T Rowe Md owns 0% invested in Abaxis, Inc. (NASDAQ:ABAX) for 8,552 shares. 18,643 are held by Zebra Capital Mgmt Limited Co. Bahl Gaynor Inc holds 16,058 shares. The New York-based Metropolitan Life Insurance New York has invested 0% in Abaxis, Inc. (NASDAQ:ABAX). Peak6 Invests Lp has invested 0% of its portfolio in Abaxis, Inc. (NASDAQ:ABAX). Bnp Paribas Arbitrage Sa has invested 0% of its portfolio in Abaxis, Inc. (NASDAQ:ABAX). Thrivent Fin For Lutherans stated it has 14,129 shares. Wells Fargo And Mn accumulated 635,213 shares.

Citigroup Inc increased Welltower Inc (Put) stake by 5,700 shares to 26,500 valued at $1.69 million in 2017Q4. It also upped Devon Energy Corp New (NYSE:DVN) stake by 147,626 shares and now owns 252,526 shares. Colgate Palmolive Co (Call) (NYSE:CL) was raised too.

Analysts await Abaxis, Inc. (NASDAQ:ABAX) to report earnings on April, 26. They expect $0.32 EPS, down 3.03% or $0.01 from last year’s $0.33 per share. ABAX’s profit will be $7.26M for 57.14 P/E if the $0.32 EPS becomes a reality. After $0.31 actual EPS reported by Abaxis, Inc. for the previous quarter, Wall Street now forecasts 3.23% EPS growth.

The stock decreased 2.15% or $0.1 during the last trading session, reaching $4.76. About 97,016 shares traded. Frontline Ltd. (NYSE:FRO) has declined 32.40% since April 17, 2017 and is downtrending. It has underperformed by 43.95% the S&P500.

Frontline Ltd., a shipping company, engages in the seaborne transportation of crude oil and oil products worldwide. The company has market cap of $807.54 million. As of December 31, 2016, the firm operated a fleet of 56 vessels, including VLCC, Suezmax, LR2/ Aframax, and MR tankers. It currently has negative earnings. It is also involved in the charter, purchase, and sale of vessels.

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