As Amerisourcebergen (ABC) Share Price Declined, Gyroscope Capital Management Group Has Lifted Holding by $473,386; New Mountain Vantage Advisers Lifted Position in Oaktree Cap Group (OAK) as Shares Rose

February 11, 2018 - By Richard Conner

Steven B. Klinsky increased its stake in Oaktree Cap Group Llc (OAK) by 2.85% based on its latest 2017Q3 regulatory filing with the SEC. New Mountain Vantage Advisers Llc bought 16,520 shares as the company’s stock rose 0.33% with the market. The hedge fund run by Steven B. Klinsky held 596,316 shares of the finance company at the end of 2017Q3, valued at $28.06M, up from 579,796 at the end of the previous reported quarter. New Mountain Vantage Advisers Llc who had been investing in Oaktree Cap Group Llc for a number of months, seems to be bullish on the $6.69 billion market cap company. The stock decreased 0.47% or $0.2 during the last trading session, reaching $42.8. About 684,142 shares traded or 149.44% up from the average. Oaktree Capital Group, LLC (NYSE:OAK) has risen 0.83% since February 11, 2017 and is uptrending. It has underperformed by 15.87% the S&P500.

Gyroscope Capital Management Group Llc increased its stake in Amerisourcebergen Corp (ABC) by 9.32% based on its latest 2017Q3 regulatory filing with the SEC. Gyroscope Capital Management Group Llc bought 5,773 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 67,695 shares of the other pharmaceuticals company at the end of 2017Q3, valued at $5.60 million, up from 61,922 at the end of the previous reported quarter. Gyroscope Capital Management Group Llc who had been investing in Amerisourcebergen Corp for a number of months, seems to be bullish on the $19.49 billion market cap company. The stock decreased 2.58% or $2.36 during the last trading session, reaching $89.19. About 3.67 million shares traded or 98.53% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since February 11, 2017 and is uptrending. It has outperformed by 2.10% the S&P500.




Gyroscope Capital Management Group Llc, which manages about $127.73 million and $198.17M US Long portfolio, decreased its stake in Johnson & Johnson (NYSE:JNJ) by 5,303 shares to 2,878 shares, valued at $374,000 in 2017Q3, according to the filing. It also reduced its holding in Oracle Corp (NYSE:ORCL) by 11,568 shares in the quarter, leaving it with 29,566 shares, and cut its stake in Abbvie Inc (NYSE:ABBV).

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 11 have Buy rating, 0 Sell and 9 Hold. Therefore 55% are positive. AmerisourceBergen had 67 analyst reports since July 27, 2015 according to SRatingsIntel. The firm has “Buy” rating by Robert W. Baird given on Friday, December 1. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Overweight” rating by Morgan Stanley on Thursday, November 10. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Buy” rating by Goldman Sachs on Friday, December 15. Leerink Swann maintained the stock with “Buy” rating in Monday, August 7 report. As per Tuesday, February 6, the company rating was maintained by Mizuho. On Monday, November 6 the stock rating was maintained by Robert W. Baird with “Buy”. Mizuho maintained it with “Neutral” rating and $105 target in Wednesday, November 18 report. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Neutral” rating given on Tuesday, January 3 by Mizuho. On Thursday, August 11 the stock rating was maintained by Mizuho with “Neutral”. Needham maintained it with “Buy” rating and $86.0 target in Friday, November 3 report.

New Mountain Vantage Advisers Llc, which manages about $2.44B and $1.30B US Long portfolio, decreased its stake in Adient Plc by 91,373 shares to 280,373 shares, valued at $23.55M in 2017Q3, according to the filing. It also reduced its holding in Lions Gate Entmnt Corp by 286,921 shares in the quarter, leaving it with 1.21M shares, and cut its stake in Apollo Global Mgmt Llc (NYSE:APO).

Among 9 analysts covering Oaktree Capital Group (NYSE:OAK), 2 have Buy rating, 1 Sell and 6 Hold. Therefore 22% are positive. Oaktree Capital Group had 26 analyst reports since July 30, 2015 according to SRatingsIntel. Barclays Capital maintained Oaktree Capital Group, LLC (NYSE:OAK) on Tuesday, August 11 with “Equal Weight” rating. The stock of Oaktree Capital Group, LLC (NYSE:OAK) has “Perform” rating given on Tuesday, December 6 by Oppenheimer. The rating was downgraded by Bank of America to “Neutral” on Friday, December 16. Deutsche Bank maintained Oaktree Capital Group, LLC (NYSE:OAK) on Friday, September 18 with “Buy” rating. Deutsche Bank maintained the shares of OAK in report on Friday, January 8 with “Buy” rating. On Tuesday, August 8 the stock rating was maintained by Morgan Stanley with “Outperform”. Barclays Capital downgraded Oaktree Capital Group, LLC (NYSE:OAK) on Thursday, October 13 to “Underweight” rating. The rating was maintained by Oppenheimer on Thursday, June 29 with “Hold”. The rating was initiated by Goldman Sachs on Tuesday, August 11 with “Conviction Buy”. Oppenheimer maintained Oaktree Capital Group, LLC (NYSE:OAK) on Tuesday, July 18 with “Hold” rating.

Investors sentiment decreased to 1.08 in Q3 2017. Its down 0.15, from 1.23 in 2017Q2. It fall, as 17 investors sold OAK shares while 49 reduced holdings. 20 funds opened positions while 51 raised stakes. 34.64 million shares or 3.10% more from 33.59 million shares in 2017Q2 were reported. Amg Trust State Bank holds 0.2% of its portfolio in Oaktree Capital Group, LLC (NYSE:OAK) for 62,773 shares. Hsbc Public Ltd Co reported 0% in Oaktree Capital Group, LLC (NYSE:OAK). Garrison Bradford Assocs holds 12,250 shares or 0.48% of its portfolio. River Road Asset Ltd Company invested in 258,359 shares. 458,511 are held by Wells Fargo Mn. Shelter Insur Retirement Plan holds 73,900 shares. Stelac Advisory Limited Liability stated it has 2,395 shares or 0.03% of all its holdings. Neuberger Berman Grp Ltd Liability Co holds 0.01% or 191,302 shares. United Kingdom-based Artemis Investment Management Limited Liability Partnership has invested 0.07% in Oaktree Capital Group, LLC (NYSE:OAK). Waddell Reed Financial reported 1.14 million shares. The Tennessee-based Wunderlich Managemnt has invested 1.22% in Oaktree Capital Group, LLC (NYSE:OAK). 1,580 are held by M&R Cap Management. Blair William Comm Il has 43,590 shares for 0.02% of their portfolio. Da Davidson has invested 0.05% in Oaktree Capital Group, LLC (NYSE:OAK). Mraz Amerine Associate accumulated 15,280 shares.

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