As Mazor Robotics LTD (MZOR) Stock Price Declined, Nepsis Capital Management Has Cut Position by $1.28 Million; As Raytheon Co (RTN) Stock Value Declined, Shareholder Wright Investors Service Has Decreased Its Stake

May 31, 2018 - By Michael Collier

Raytheon Company (NYSE:RTN) Logo

Wright Investors Service Inc decreased its stake in Raytheon Co (RTN) by 24.55% based on its latest 2018Q1 regulatory filing with the SEC. Wright Investors Service Inc sold 3,629 shares as the company’s stock declined 3.91% with the market. The institutional investor held 11,152 shares of the industrial machinery and components company at the end of 2018Q1, valued at $2.41M, down from 14,781 at the end of the previous reported quarter. Wright Investors Service Inc who had been investing in Raytheon Co for a number of months, seems to be less bullish one the $60.33B market cap company. The stock decreased 1.07% or $2.28 during the last trading session, reaching $210.04. About 534,395 shares traded. Raytheon Company (NYSE:RTN) has risen 29.53% since May 31, 2017 and is uptrending. It has outperformed by 16.96% the S&P500.

Nepsis Capital Management Inc decreased its stake in Mazor Robotics Ltd (MZOR) by 17.15% based on its latest 2018Q1 regulatory filing with the SEC. Nepsis Capital Management Inc sold 20,932 shares as the company’s stock declined 8.58% with the market. The institutional investor held 101,152 shares of the medical and dental instruments company at the end of 2018Q1, valued at $6.21 million, down from 122,084 at the end of the previous reported quarter. Nepsis Capital Management Inc who had been investing in Mazor Robotics Ltd for a number of months, seems to be less bullish one the $1.56B market cap company. It closed at $59.51 lastly. It is down 43.26% since May 31, 2017 and is uptrending. It has outperformed by 30.69% the S&P500.

Analysts await Raytheon Company (NYSE:RTN) to report earnings on July, 26. They expect $2.31 EPS, up 16.67% or $0.33 from last year’s $1.98 per share. RTN’s profit will be $663.55 million for 22.73 P/E if the $2.31 EPS becomes a reality. After $2.20 actual EPS reported by Raytheon Company for the previous quarter, Wall Street now forecasts 5.00% EPS growth.

Wright Investors Service Inc, which manages about $1.36 billion and $290.82 million US Long portfolio, upped its stake in Costco Whsl Corp New (NASDAQ:COST) by 3,180 shares to 5,801 shares, valued at $1.09 million in 2018Q1, according to the filing. It also increased its holding in Caterpillar Inc Del (NYSE:CAT) by 12,659 shares in the quarter, for a total of 20,417 shares, and has risen its stake in Berkshire Hathaway Inc Del (BRKB).

Since January 2, 2018, it had 1 insider purchase, and 20 insider sales for $31.62 million activity. 9,589 shares were sold by Kremer Wesley D, worth $2.03M on Wednesday, March 28. Kennedy Thomas A also sold $9.67M worth of Raytheon Company (NYSE:RTN) shares. 972 shares were sold by Lawrence Taylor W, worth $208,322 on Thursday, March 29. Wood Michael J also sold $861,146 worth of Raytheon Company (NYSE:RTN) on Tuesday, February 13. Another trade for 12,054 shares valued at $2.56M was sold by RHOADS REBECCA R. The insider Paliwal Dinesh C bought $249,895.

Another recent and important Raytheon Company (NYSE:RTN) news was published by Seekingalpha.com which published an article titled: “Raytheon: Think Like An Attacker” on May 15, 2018.

Among 21 analysts covering Raytheon Company (NYSE:RTN), 16 have Buy rating, 1 Sell and 4 Hold. Therefore 76% are positive. Raytheon Company had 81 analyst reports since July 28, 2015 according to SRatingsIntel. The stock has “Top Pick” rating by RBC Capital Markets on Friday, October 23. Cowen & Co maintained Raytheon Company (NYSE:RTN) rating on Monday, July 17. Cowen & Co has “Buy” rating and $18200 target. Jefferies maintained Raytheon Company (NYSE:RTN) on Friday, September 29 with “Buy” rating. The firm has “Buy” rating by RBC Capital Markets given on Friday, June 2. The rating was upgraded by UBS to “Buy” on Tuesday, September 29. The firm has “Buy” rating by Robert W. Baird given on Friday, January 26. The rating was maintained by Robert W. Baird with “Buy” on Thursday, August 10. The rating was upgraded by JP Morgan to “Overweight” on Monday, October 12. As per Tuesday, November 28, the company rating was maintained by Wells Fargo. The rating was maintained by RBC Capital Markets with “Buy” on Friday, July 7.

Investors sentiment decreased to 0.98 in Q1 2018. Its down 0.11, from 1.09 in 2017Q4. It worsened, as 55 investors sold RTN shares while 396 reduced holdings. 105 funds opened positions while 336 raised stakes. 201.09 million shares or 0.71% less from 202.53 million shares in 2017Q4 were reported. 2,303 are held by Carroll Assoc Inc. Ssi Inv Mngmt holds 0.04% in Raytheon Company (NYSE:RTN) or 2,459 shares. Daiwa Sb Investments Ltd reported 3.21% in Raytheon Company (NYSE:RTN). Aviva Public Lc invested in 0.35% or 262,047 shares. Mariner Wealth Advisors holds 0.02% or 1,341 shares in its portfolio. 178 are held by Barnett And Inc. Mechanics National Bank & Trust Department has 2,495 shares. Northern Trust Corporation invested in 0.18% or 3.24M shares. Massachusetts-based Moors & Cabot Inc has invested 0.3% in Raytheon Company (NYSE:RTN). Brookstone owns 2,074 shares. Pathstone Family Office Ltd Limited Liability Company holds 71 shares or 0.01% of its portfolio. Nelson Van Denburg And Campbell Wealth Limited Liability Co, Nebraska-based fund reported 66 shares. 25,000 were accumulated by Tt Intl. Moore Mngmt Ltd Partnership invested in 217,495 shares. 256,260 are owned by Canada Pension Plan Investment Board.

Among 7 analysts covering Mazor Robotics (NASDAQ:MZOR), 2 have Buy rating, 3 Sell and 2 Hold. Therefore 29% are positive. Mazor Robotics had 18 analyst reports since November 20, 2015 according to SRatingsIntel. The rating was maintained by Needham on Wednesday, August 2 with “Hold”. The stock of Mazor Robotics Ltd. (NASDAQ:MZOR) earned “Market Perform” rating by Wells Fargo on Thursday, May 11. The firm has “Hold” rating by Needham given on Thursday, October 5. The company was initiated on Friday, October 7 by B. Riley & Co. As per Thursday, July 6, the company rating was maintained by Needham. Ladenburg maintained the stock with “Buy” rating in Monday, October 30 report. The firm earned “Hold” rating on Wednesday, August 30 by Needham. The company was downgraded on Tuesday, May 31 by Sterne Agee CRT. The firm earned “Overweight” rating on Thursday, July 14 by Barclays Capital. The firm has “Outperform” rating given on Thursday, May 19 by Wells Fargo.

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