Abrams Capital Management LP Has Lifted Asbury Automotive Group (ABG) Holding by $5.45 Million; As Exact Sciences (EXAS) Stock Price Declined, Southport Management Has Decreased Stake by $312,000

April 22, 2018 - By Ellis Scott

Asbury Automotive Group, Inc. (NYSE:ABG) Logo

David Abrams increased its stake in Asbury Automotive Group Inc (ABG) by 8.51% based on its latest 2017Q4 regulatory filing with the SEC. Abrams Capital Management Lp bought 85,091 shares as the company’s stock rose 0.39% while stock markets declined. The hedge fund run by David Abrams held 1.09 million shares of the automotive aftermarket company at the end of 2017Q4, valued at $69.45M, up from 1.00 million at the end of the previous reported quarter. Abrams Capital Management Lp who had been investing in Asbury Automotive Group Inc for a number of months, seems to be bullish on the $1.38B market cap company. The stock decreased 1.93% or $1.3 during the last trading session, reaching $66.2. About 105,409 shares traded. Asbury Automotive Group, Inc. (NYSE:ABG) has risen 5.55% since April 22, 2017 and is uptrending. It has underperformed by 6.00% the S&P500.

Southport Management Llc decreased its stake in Exact Sciences Corp (EXAS) by 40% based on its latest 2017Q4 regulatory filing with the SEC. Southport Management Llc sold 6,000 shares as the company’s stock declined 19.82% with the market. The institutional investor held 9,000 shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $473,000, down from 15,000 at the end of the previous reported quarter. Southport Management Llc who had been investing in Exact Sciences Corp for a number of months, seems to be less bullish one the $5.75 billion market cap company. The stock increased 1.54% or $0.72 during the last trading session, reaching $47.52. About 1.09 million shares traded. Exact Sciences Corporation (NASDAQ:EXAS) has risen 81.43% since April 22, 2017 and is uptrending. It has outperformed by 69.88% the S&P500.

Investors sentiment increased to 1.35 in 2017 Q4. Its up 0.44, from 0.91 in 2017Q3. It is positive, as 14 investors sold ABG shares while 49 reduced holdings. 32 funds opened positions while 53 raised stakes. 21.54 million shares or 4.16% more from 20.68 million shares in 2017Q3 were reported. Ny State Common Retirement Fund accumulated 24,764 shares. 1832 Asset Mngmt Lp holds 85 shares or 0% of its portfolio. Ny State Teachers Retirement Sys has 15,881 shares. 104,820 are owned by Jpmorgan Chase And. Louisiana State Employees Retirement Systems holds 8,000 shares or 0.02% of its portfolio. Invesco invested in 0% or 40,540 shares. Bluecrest Cap Management Ltd accumulated 3,410 shares. Great West Life Assurance Can holds 23,959 shares. Moreover, Pnc Fincl Service Group has 0% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 1,731 shares. Canada Pension Plan Board owns 0.02% invested in Asbury Automotive Group, Inc. (NYSE:ABG) for 133,800 shares. Tower Research Limited Co (Trc), a New York-based fund reported 1,678 shares. Dimensional Fund Advsr Lp reported 0.02% stake. Tiaa Cref Inv Limited Liability Com reported 87,264 shares or 0% of all its holdings. 336,039 are held by Millennium Mngmt Ltd. Shell Asset, Netherlands-based fund reported 20,123 shares.

Among 8 analysts covering Asbury Automotive (NYSE:ABG), 3 have Buy rating, 1 Sell and 4 Hold. Therefore 38% are positive. Asbury Automotive had 25 analyst reports since July 22, 2015 according to SRatingsIntel. As per Wednesday, March 14, the company rating was maintained by Morgan Stanley. Craig Hallum upgraded the shares of ABG in report on Tuesday, September 8 to “Buy” rating. Craig Hallum maintained it with “Hold” rating and $67.0 target in Wednesday, February 7 report. The rating was downgraded by Bank of America to “Underperform” on Wednesday, July 22. The rating was downgraded by BB&T Capital to “Hold” on Monday, October 26. The company was upgraded on Wednesday, September 30 by Bank of America. The rating was upgraded by Buckingham Research on Tuesday, February 23 to “Buy”. Jefferies maintained Asbury Automotive Group, Inc. (NYSE:ABG) on Friday, September 8 with “Hold” rating. The firm earned “Hold” rating on Monday, November 13 by KeyBanc Capital Markets. The firm has “Buy” rating by Stephens given on Tuesday, February 6.

Abrams Capital Management Lp, which manages about $7.62 billion and $2.97 billion US Long portfolio, decreased its stake in Teva Pharmaceutical Inds Ltd (NYSE:TEVA) by 1.88 million shares to 19.74M shares, valued at $374.13 million in 2017Q4, according to the filing.

Since October 27, 2017, it had 0 insider purchases, and 6 selling transactions for $5.40 million activity. Another trade for 1,000 shares valued at $66,180 was made by JAMES JUANITA T on Friday, March 2. MONAGHAN CRAIG T sold $1.96M worth of Asbury Automotive Group, Inc. (NYSE:ABG) on Wednesday, February 7. $108,304 worth of Asbury Automotive Group, Inc. (NYSE:ABG) was sold by Stax William Frederick on Thursday, March 8. Karolis George sold $219,051 worth of Asbury Automotive Group, Inc. (NYSE:ABG) on Monday, March 12.

Among 18 analysts covering EXACT Sciences (NASDAQ:EXAS), 11 have Buy rating, 1 Sell and 6 Hold. Therefore 61% are positive. EXACT Sciences had 74 analyst reports since July 24, 2015 according to SRatingsIntel. Jefferies maintained Exact Sciences Corporation (NASDAQ:EXAS) on Thursday, February 25 with “Buy” rating. The firm has “Buy” rating given on Friday, August 4 by Cowen & Co. The rating was initiated by Craig Hallum with “Buy” on Thursday, October 1. The stock of Exact Sciences Corporation (NASDAQ:EXAS) earned “Neutral” rating by Roth Capital on Thursday, February 25. The stock of Exact Sciences Corporation (NASDAQ:EXAS) earned “Neutral” rating by Robert W. Baird on Monday, November 13. The stock of Exact Sciences Corporation (NASDAQ:EXAS) earned “Buy” rating by Jefferies on Friday, October 20. The firm earned “Hold” rating on Wednesday, October 7 by Lake Street. BTIG Research upgraded the shares of EXAS in report on Tuesday, April 3 to “Buy” rating. The stock of Exact Sciences Corporation (NASDAQ:EXAS) has “Hold” rating given on Tuesday, November 24 by Lake Street. The firm has “Buy” rating given on Tuesday, October 31 by Benchmark.

Investors sentiment decreased to 0.88 in Q4 2017. Its down 0.13, from 1.01 in 2017Q3. It fall, as 25 investors sold EXAS shares while 105 reduced holdings. 44 funds opened positions while 70 raised stakes. 92.48 million shares or 1.24% less from 93.65 million shares in 2017Q3 were reported. Affinity Invest Advisors Limited Liability Company stated it has 0.04% of its portfolio in Exact Sciences Corporation (NASDAQ:EXAS). Registered Invest Advisor holds 0.37% of its portfolio in Exact Sciences Corporation (NASDAQ:EXAS) for 14,700 shares. Green Valley reported 2.31% of its portfolio in Exact Sciences Corporation (NASDAQ:EXAS). Citadel Advsrs Limited Liability accumulated 147,976 shares or 0% of the stock. State Board Of Administration Of Florida Retirement accumulated 0.01% or 71,280 shares. Kornitzer Capital Ks holds 0.16% or 178,090 shares in its portfolio. Illinois-based Advisory Inc has invested 0.07% in Exact Sciences Corporation (NASDAQ:EXAS). Voloridge Investment Mgmt holds 162,424 shares. Jpmorgan Chase And owns 2.72M shares. Eulav Asset Mgmt owns 175,000 shares for 0.43% of their portfolio. Keybank National Association Oh owns 0% invested in Exact Sciences Corporation (NASDAQ:EXAS) for 8,722 shares. Stevens Mgmt Limited Partnership accumulated 0.09% or 42,481 shares. Emerald Mutual Fund Advisers Trust has invested 0.68% in Exact Sciences Corporation (NASDAQ:EXAS). Moreover, Smith Asset Mgmt Grp LP has 0.04% invested in Exact Sciences Corporation (NASDAQ:EXAS) for 26,370 shares. Moreover, Wasatch Advisors Inc has 0.89% invested in Exact Sciences Corporation (NASDAQ:EXAS).

Analysts await Exact Sciences Corporation (NASDAQ:EXAS) to report earnings on April, 26 after the close. They expect $-0.39 earnings per share, down 21.88% or $0.07 from last year’s $-0.32 per share. After $-0.18 actual earnings per share reported by Exact Sciences Corporation for the previous quarter, Wall Street now forecasts 116.67% negative EPS growth.

Since January 2, 2018, it had 0 buys, and 20 insider sales for $24.73 million activity. $141,341 worth of Exact Sciences Corporation (NASDAQ:EXAS) was sold by COWARD D SCOTT. $756,271 worth of Exact Sciences Corporation (NASDAQ:EXAS) shares were sold by LIDGARD GRAHAM PETER. 2,982 shares were sold by Elliott Jeffrey Thomas, worth $126,252 on Friday, February 23. Another trade for 110,439 shares valued at $5.58 million was made by Conroy Kevin T on Tuesday, January 23. The insider Doyle James Edward sold $126,925. 5,295 shares valued at $276,367 were sold by ARORA MANEESH on Friday, March 9.

Exact Sciences Corporation (NASDAQ:EXAS) Institutional Positions Chart

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