Clinton Group Lowered Its Position in Masimo (MASI) as Stock Price Declined; As Icon Plc (ICLR) Share Price Rose, Clearbridge Investments Boosted Position by $2.02 Million

April 23, 2018 - By Marie Mckinney

Masimo Corporation (NASDAQ:MASI) Logo

Clearbridge Investments Llc increased its stake in Icon Plc (ICLR) by 0.96% based on its latest 2017Q4 regulatory filing with the SEC. Clearbridge Investments Llc bought 18,041 shares as the company’s stock rose 6.15% while stock markets declined. The institutional investor held 1.90 million shares of the commercial physical & biological resarch company at the end of 2017Q4, valued at $212.80 million, up from 1.88 million at the end of the previous reported quarter. Clearbridge Investments Llc who had been investing in Icon Plc for a number of months, seems to be bullish on the $6.46 billion market cap company. The stock increased 1.59% or $1.87 during the last trading session, reaching $119.51. About 76,330 shares traded. ICON Public Limited Company (NASDAQ:ICLR) has risen 52.69% since April 23, 2017 and is uptrending. It has outperformed by 41.14% the S&P500.

Greg Taxin decreased its stake in Masimo Corp (MASI) by 54.26% based on its latest 2017Q4 regulatory filing with the SEC. Clinton Group Inc sold 40,681 shares as the company’s stock declined 0.83% with the market. The hedge fund run by Greg Taxin held 34,299 shares of the electromedical & electrotherapeutic apparatus company at the end of 2017Q4, valued at $2.91M, down from 74,980 at the end of the previous reported quarter. Clinton Group Inc who had been investing in Masimo Corp for a number of months, seems to be less bullish one the $4.64 billion market cap company. The stock increased 0.20% or $0.18 during the last trading session, reaching $89.84. About 272,556 shares traded. Masimo Corporation (NASDAQ:MASI) has declined 8.20% since April 23, 2017 and is downtrending. It has underperformed by 19.75% the S&P500.

Analysts await Masimo Corporation (NASDAQ:MASI) to report earnings on May, 2 after the close. They expect $0.70 earnings per share, up 22.81% or $0.13 from last year’s $0.57 per share. MASI’s profit will be $36.15M for 32.09 P/E if the $0.70 EPS becomes a reality. After $0.72 actual earnings per share reported by Masimo Corporation for the previous quarter, Wall Street now forecasts -2.78% negative EPS growth.

Clinton Group Inc, which manages about $2.04 billion and $1.14 billion US Long portfolio, upped its stake in Wpx Energy Inc (NYSE:WPX) by 41,027 shares to 53,425 shares, valued at $752,000 in 2017Q4, according to the filing. It also increased its holding in Arris Intl Inc by 126,001 shares in the quarter, for a total of 431,948 shares, and has risen its stake in Ps Business Pks Inc Calif (NYSE:PSB).

Since January 4, 2018, it had 0 buys, and 7 sales for $4.92 million activity. The insider Coleman Jon sold $2.56 million. 10,000 shares were sold by Lee Yongsam, worth $929,540.

Investors sentiment decreased to 0.92 in Q4 2017. Its down 0.26, from 1.18 in 2017Q3. It dropped, as 27 investors sold MASI shares while 113 reduced holdings. 50 funds opened positions while 79 raised stakes. 41.16 million shares or 2.51% less from 42.22 million shares in 2017Q3 were reported. Oakbrook, a Illinois-based fund reported 3,450 shares. Moreover, Nordea Invest Ab has 0.01% invested in Masimo Corporation (NASDAQ:MASI). Goldman Sachs reported 361,213 shares or 0.01% of all its holdings. Quantbot Techs LP reported 0.11% in Masimo Corporation (NASDAQ:MASI). Covington Mngmt owns 0% invested in Masimo Corporation (NASDAQ:MASI) for 100 shares. Dubuque Commercial Bank & invested in 1,945 shares. The Michigan-based State Treasurer State Of Michigan has invested 0.01% in Masimo Corporation (NASDAQ:MASI). Moreover, Swiss Bankshares has 0.01% invested in Masimo Corporation (NASDAQ:MASI). Aperio Grp Limited Liability Co reported 0.01% stake. Sumitomo Mitsui Asset Mngmt Limited has invested 0.05% in Masimo Corporation (NASDAQ:MASI). Dupont Capital Mgmt Corp has 0.01% invested in Masimo Corporation (NASDAQ:MASI) for 4,900 shares. Pacad Investment has invested 0.03% in Masimo Corporation (NASDAQ:MASI). The Illinois-based Citadel Ltd Com has invested 0% in Masimo Corporation (NASDAQ:MASI). Amalgamated State Bank holds 0.02% or 6,591 shares in its portfolio. Arizona State Retirement holds 0.03% of its portfolio in Masimo Corporation (NASDAQ:MASI) for 34,216 shares.

Among 9 analysts covering Masimo (NASDAQ:MASI), 6 have Buy rating, 0 Sell and 3 Hold. Therefore 67% are positive. Masimo had 15 analyst reports since August 5, 2015 according to SRatingsIntel. The stock has “Buy” rating by Stifel Nicolaus on Thursday, August 3. The stock has “Buy” rating by TH Capital on Wednesday, August 5. The rating was downgraded by PiperJaffray to “Neutral” on Thursday, March 16. The rating was maintained by Piper Jaffray on Tuesday, October 31 with “Hold”. As per Thursday, September 21, the company rating was maintained by Piper Jaffray. Stifel Nicolaus initiated the stock with “Buy” rating in Monday, July 10 report. Roth Capital maintained it with “Buy” rating and $10500 target in Thursday, August 3 report. The stock of Masimo Corporation (NASDAQ:MASI) earned “Buy” rating by BTIG Research on Monday, August 14. Raymond James downgraded the shares of MASI in report on Monday, February 13 to “Mkt Perform” rating. The firm has “Outperform” rating by Raymond James given on Wednesday, January 6.

Among 12 analysts covering Icon plc (NASDAQ:ICLR), 7 have Buy rating, 1 Sell and 4 Hold. Therefore 58% are positive. Icon plc had 40 analyst reports since July 29, 2015 according to SRatingsIntel. The stock of ICON Public Limited Company (NASDAQ:ICLR) has “Buy” rating given on Monday, January 22 by SunTrust. On Monday, October 9 the stock rating was upgraded by Jefferies to “Buy”. Credit Suisse maintained ICON Public Limited Company (NASDAQ:ICLR) rating on Monday, October 16. Credit Suisse has “Buy” rating and $120.0 target. The rating was downgraded by Avondale to “Mkt Underperform” on Thursday, June 9. The stock has “Buy” rating by KeyBanc Capital Markets on Monday, October 16. The firm earned “Hold” rating on Friday, December 16 by SunTrust. The stock of ICON Public Limited Company (NASDAQ:ICLR) earned “Buy” rating by Goldman Sachs on Friday, December 16. Robert W. Baird maintained the shares of ICLR in report on Thursday, August 31 with “Buy” rating. SunTrust maintained ICON Public Limited Company (NASDAQ:ICLR) rating on Monday, October 30. SunTrust has “Buy” rating and $138.0 target. The firm has “Hold” rating given on Friday, June 3 by Jefferies.

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