Private Trust Co Lowered Baxter International (BAX) Stake; Pcm (PCMI) Shorts Increased By 10.28%

April 19, 2018 - By Marie Mckinney

Baxter International Inc. (NYSE:BAX) Logo

Pcm Inc (NASDAQ:PCMI) had an increase of 10.28% in short interest. PCMI’s SI was 1.14 million shares in April as released by FINRA. Its up 10.28% from 1.03 million shares previously. With 152,200 avg volume, 8 days are for Pcm Inc (NASDAQ:PCMI)’s short sellers to cover PCMI’s short positions. The SI to Pcm Inc’s float is 15.56%. The stock increased 1.52% or $0.15 during the last trading session, reaching $10. About 88,542 shares traded. PCM, Inc. (NASDAQ:PCMI) has declined 70.06% since April 19, 2017 and is downtrending. It has underperformed by 81.61% the S&P500.

Private Trust Co decreased Baxter International Inc. (BAX) stake by 65.98% reported in 2017Q4 SEC filing. Private Trust Co sold 22,894 shares as Baxter International Inc. (BAX)’s stock rose 0.23%. The Private Trust Co holds 11,806 shares with $763,000 value, down from 34,700 last quarter. Baxter International Inc. now has $36.15 billion valuation. The stock increased 0.54% or $0.36 during the last trading session, reaching $67.22. About 3.95 million shares traded or 21.46% up from the average. Baxter International Inc. (NYSE:BAX) has risen 25.16% since April 19, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

PCM, Inc., through its subsidiaries, operates as a multi-vendor well-known provider of technology products and solutions primarily in the United States and Canada. The company has market cap of $117.92 million. The firm operates through three divisions: Commercial, Public Sector, and Canada. It has a 41.67 P/E ratio. It primarily sells device products, servers, storage products, networks, printers, and related accessories and devices.

Among 4 analysts covering PCM Inc (NASDAQ:PCMI), 4 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. PCM Inc had 9 analyst reports since July 21, 2016 according to SRatingsIntel. The firm has “Neutral” rating by TH Capital given on Thursday, August 25. The company was upgraded on Thursday, October 27 by TH Capital. Roth Capital downgraded the stock to “Neutral” rating in Thursday, August 25 report. Roth Capital upgraded the shares of PCMI in report on Thursday, October 27 to “Buy” rating. The firm has “Buy” rating by Roth Capital given on Thursday, July 21. The firm earned “Buy” rating on Thursday, March 8 by Roth Capital. B. Riley & Co maintained the stock with “Buy” rating in Tuesday, November 7 report.

Private Trust Co increased Spdr S&P 500 Growth Etf (SPYG) stake by 13,325 shares to 17,694 valued at $583,000 in 2017Q4. It also upped Spdr Russell 3000 Etf (THRK) stake by 15,340 shares and now owns 18,408 shares. Ishares Tr Nasdaq Biotechnology (IBB) was raised too.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on April, 26 before the open. They expect $0.62 EPS, up 6.90% or $0.04 from last year’s $0.58 per share. BAX’s profit will be $333.44 million for 27.10 P/E if the $0.62 EPS becomes a reality. After $0.64 actual EPS reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts -3.13% negative EPS growth.

Since March 2, 2018, it had 0 insider purchases, and 5 insider sales for $5.13 million activity. Another trade for 4,990 shares valued at $329,590 was made by Shapazian Carole J on Friday, March 2. $243,443 worth of Baxter International Inc. (NYSE:BAX) shares were sold by STROUCKEN ALBERT P L. HELLMAN PETER S sold $243,408 worth of stock or 3,760 shares. Shares for $3.10M were sold by STORM KORNELIS J.. On Wednesday, March 28 GAVIN JAMES R III sold $1.21 million worth of Baxter International Inc. (NYSE:BAX) or 18,750 shares.

Among 20 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. Baxter International had 56 analyst reports since July 30, 2015 according to SRatingsIntel. The stock has “Buy” rating by BMO Capital Markets on Monday, November 13. The stock of Baxter International Inc. (NYSE:BAX) earned “Outperform” rating by Wells Fargo on Thursday, October 13. The stock of Baxter International Inc. (NYSE:BAX) has “Market Perform” rating given on Thursday, July 30 by Leerink Swann. As per Monday, April 25, the company rating was maintained by Credit Suisse. The rating was maintained by RBC Capital Markets with “Hold” on Wednesday, July 26. The company was initiated on Wednesday, May 4 by Evercore. RBC Capital Markets maintained it with “Hold” rating and $60.0 target in Monday, October 2 report. The firm earned “Overweight” rating on Friday, February 2 by Barclays Capital. The rating was maintained by Leerink Swann on Wednesday, October 28 with “Market Perform”. Cowen & Co maintained it with “Hold” rating and $78.0 target in Thursday, February 1 report.

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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