As Idexx Laboratories (IDXX) Stock Price Rose, Patten Group Upped by $597,480 Its Position; Abner Herrman & Brock Has Trimmed American International Group (AIG) Stake by $3.99 Million

May 26, 2018 - By Richard Conner

IDEXX Laboratories, Inc. (NASDAQ:IDXX) Logo

Patten Group Inc increased its stake in Idexx Laboratories Inc (IDXX) by 320.5% based on its latest 2017Q4 regulatory filing with the SEC. Patten Group Inc bought 3,830 shares as the company’s stock rose 21.09% while stock markets declined. The institutional investor held 5,025 shares of the health care company at the end of 2017Q4, valued at $786,000, up from 1,195 at the end of the previous reported quarter. Patten Group Inc who had been investing in Idexx Laboratories Inc for a number of months, seems to be bullish on the $17.69B market cap company. The stock increased 0.66% or $1.33 during the last trading session, reaching $203.7. About 322,695 shares traded. IDEXX Laboratories, Inc. (NASDAQ:IDXX) has risen 23.99% since May 26, 2017 and is uptrending. It has outperformed by 12.44% the S&P500.




Abner Herrman & Brock Llc decreased its stake in American International Group (AIG) by 95% based on its latest 2017Q4 regulatory filing with the SEC. Abner Herrman & Brock Llc sold 67,596 shares as the company’s stock declined 9.32% with the market. The institutional investor held 3,560 shares of the finance company at the end of 2017Q4, valued at $212,000, down from 71,156 at the end of the previous reported quarter. Abner Herrman & Brock Llc who had been investing in American International Group for a number of months, seems to be less bullish one the $47.85B market cap company. The stock decreased 0.76% or $0.41 during the last trading session, reaching $53.3. About 2.88M shares traded. American International Group, Inc. (NYSE:AIG) has declined 11.73% since May 26, 2017 and is downtrending. It has underperformed by 23.28% the S&P500.

Patten Group Inc, which manages about $252.47 million US Long portfolio, decreased its stake in Schwab Us Aggregate Bond Etf (SCHZ) by 91,275 shares to 1,389 shares, valued at $72,000 in 2017Q4, according to the filing. It also reduced its holding in Ishares Core Msci Eafe (IEFA) by 153,397 shares in the quarter, leaving it with 61,846 shares, and cut its stake in Etfmg Prime Cyber Security Etf.

More notable recent IDEXX Laboratories, Inc. (NASDAQ:IDXX) news were published by: Seekingalpha.com which released: “Abaxis May Not Receive A New Offer” on May 25, 2018, also Nasdaq.com with their article: “Research Report Identifies Cara Therapeutics, MGE Energy, IDEXX Laboratories, Sterling Construction, TTM …” published on April 30, 2018, Nasdaq.com published: “IDEXX Laboratories Barks Out Another Successful Quarter” on May 11, 2018. More interesting news about IDEXX Laboratories, Inc. (NASDAQ:IDXX) were released by: Seekingalpha.com and their article: “IDEXX: This Medical Equipment Stock Is Overvalued And Could Go Down As Much As 20%” published on May 19, 2018 as well as Seekingalpha.com‘s news article titled: “Buy Diamondback Energy On Declines – Cramer’s Lightning Round (5/11/18)” with publication date: May 14, 2018.

Since January 9, 2018, it had 2 insider purchases, and 7 insider sales for $23.44 million activity. $6.45 million worth of IDEXX Laboratories, Inc. (NASDAQ:IDXX) shares were sold by AYERS JONATHAN W. Shares for $1.97M were sold by END WILLIAM T on Thursday, May 10. Another trade for 6,602 shares valued at $1.20M was made by MCKEON BRIAN P on Monday, February 5. 1,000 shares valued at $178,045 were bought by Kingsley Lawrence D on Wednesday, February 14. $179,580 worth of IDEXX Laboratories, Inc. (NASDAQ:IDXX) was bought by Claflin Bruce L. on Wednesday, February 7.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.05, from 0.86 in 2017Q3. It fall, as 30 investors sold IDXX shares while 217 reduced holdings. 64 funds opened positions while 137 raised stakes. 72.13 million shares or 17.89% less from 87.85 million shares in 2017Q3 were reported. Canada Pension Plan Board accumulated 0.06% or 207,186 shares. Teacher Retirement Systems Of Texas accumulated 55,143 shares. Davis R M holds 1.18% of its portfolio in IDEXX Laboratories, Inc. (NASDAQ:IDXX) for 191,758 shares. Andra Ap reported 12,100 shares or 0.04% of all its holdings. Regions Finance Corp holds 4,144 shares. Millennium Mngmt Lc, New York-based fund reported 368,997 shares. Quantres Asset Mngmt Limited reported 2,300 shares stake. Axa stated it has 208,884 shares or 0.13% of all its holdings. Stone Ridge Asset Mgmt Limited Liability Company invested 0.03% in IDEXX Laboratories, Inc. (NASDAQ:IDXX). Spark Investment Mngmt Ltd Liability reported 0.36% stake. Whittier Trust has 970 shares for 0.01% of their portfolio. Adage Partners Grp Ltd Limited Liability Company owns 62,400 shares for 0.02% of their portfolio. Eaton Vance Management invested in 81,075 shares. Old Mutual Global (Uk) Limited reported 995,156 shares or 1.43% of all its holdings. Carderock Capital Management invested in 2.45% or 35,490 shares.

Among 11 analysts covering IDEXX Laboratories (NASDAQ:IDXX), 7 have Buy rating, 2 Sell and 2 Hold. Therefore 64% are positive. IDEXX Laboratories had 29 analyst reports since July 24, 2015 according to SRatingsIntel. Feltl & Co upgraded the stock to “Hold” rating in Friday, July 24 report. The company was maintained on Monday, March 21 by Stifel Nicolaus. The company was maintained on Monday, August 21 by Stifel Nicolaus. The stock has “Neutral” rating by Bank of America on Thursday, September 29. As per Thursday, July 23, the company rating was maintained by Canaccord Genuity. Canaccord Genuity maintained the shares of IDXX in report on Thursday, October 5 with “Buy” rating. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) has “Outperform” rating given on Thursday, February 4 by Credit Suisse. The firm earned “Buy” rating on Thursday, October 29 by Stifel Nicolaus. As per Friday, April 1, the company rating was initiated by CL King. The stock of IDEXX Laboratories, Inc. (NASDAQ:IDXX) earned “Buy” rating by Canaccord Genuity on Wednesday, July 20.

Abner Herrman & Brock Llc, which manages about $1.13B and $594.27 million US Long portfolio, upped its stake in Mastercard Incorporated (NYSE:MA) by 3,816 shares to 135,822 shares, valued at $20.56M in 2017Q4, according to the filing. It also increased its holding in Intel Corp (NASDAQ:INTC) by 83,520 shares in the quarter, for a total of 103,353 shares, and has risen its stake in Wal (NYSE:WMT).

More notable recent American International Group, Inc. (NYSE:AIG) news were published by: 247Wallst.com which released: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” on May 17, 2018, also Seekingalpha.com with their article: “The Dangers Of Portfolio Concentration” published on May 26, 2018, Benzinga.com published: “Goldman Turns Bullish On AIG Ahead Of Projected Q4 Catalyst” on May 10, 2018. More interesting news about American International Group, Inc. (NYSE:AIG) were released by: Streetinsider.com and their article: “JPMorgan Reinstates American International Group (AIG) at Neutral Citing Balanced Risk/Reward” published on May 25, 2018 as well as Benzinga.com‘s news article titled: “AIG Notches Upgrade Ahead Of Q1 Report On Fundamental Improvements” with publication date: April 27, 2018.

Since February 15, 2018, it had 2 insider buys, and 2 sales for $47,270 activity. Another trade for 4,800 shares valued at $249,879 was made by STEENLAND DOUGLAS M on Friday, May 4. Macartney Claudine also sold $122,320 worth of American International Group, Inc. (NYSE:AIG) on Thursday, February 15. Macia Seraina sold $209,164 worth of stock.

Among 22 analysts covering American International Group (NYSE:AIG), 15 have Buy rating, 1 Sell and 6 Hold. Therefore 68% are positive. American International Group had 83 analyst reports since August 5, 2015 according to SRatingsIntel. The rating was upgraded by Standpoint Research on Tuesday, January 19 to “Buy”. The firm earned “Outperform” rating on Monday, December 12 by BMO Capital Markets. The stock has “Buy” rating by S&P Research on Thursday, October 29. The company was maintained on Tuesday, October 10 by Bank of America. FBR Capital maintained American International Group, Inc. (NYSE:AIG) on Wednesday, August 5 with “Outperform” rating. The rating was downgraded by FBR Capital on Friday, October 2 to “Mkt Perform”. The firm has “Sell” rating by Deutsche Bank given on Thursday, August 24. UBS maintained American International Group, Inc. (NYSE:AIG) rating on Tuesday, September 19. UBS has “Neutral” rating and $64 target. As per Friday, March 11, the company rating was maintained by Deutsche Bank. As per Monday, October 16, the company rating was maintained by Barclays Capital.

Analysts await American International Group, Inc. (NYSE:AIG) to report earnings on August, 1. They expect $1.26 earnings per share, down 17.65% or $0.27 from last year’s $1.53 per share. AIG’s profit will be $1.13B for 10.58 P/E if the $1.26 EPS becomes a reality. After $1.04 actual earnings per share reported by American International Group, Inc. for the previous quarter, Wall Street now forecasts 21.15% EPS growth.

Investors sentiment decreased to 0.7 in 2017 Q4. Its down 0.09, from 0.79 in 2017Q3. It fall, as 85 investors sold AIG shares while 290 reduced holdings. 74 funds opened positions while 189 raised stakes. 747.27 million shares or 0.10% less from 748.00 million shares in 2017Q3 were reported. First Interstate Bankshares accumulated 1,086 shares. Ontario Teachers Pension Plan Board invested in 0.81% or 1.11 million shares. 264 are held by San Francisco Sentry Inv Gp (Ca). Buckingham Asset Llc invested in 0.04% or 3,399 shares. Oregon Employees Retirement Fund holds 0.23% in American International Group, Inc. (NYSE:AIG) or 230,549 shares. Waddell & Reed stated it has 0.05% of its portfolio in American International Group, Inc. (NYSE:AIG). Manufacturers Life The reported 0.09% of its portfolio in American International Group, Inc. (NYSE:AIG). Clearbridge Investments Limited Com has 0% invested in American International Group, Inc. (NYSE:AIG) for 250 shares. Patten Group reported 21,001 shares. Amer Century Inc has invested 0% of its portfolio in American International Group, Inc. (NYSE:AIG). Eagleclaw Capital Managment Ltd stated it has 30,100 shares or 0.91% of all its holdings. Fjarde Ap holds 0.23% or 253,036 shares. Hermes Inv Mngmt Ltd accumulated 30,666 shares or 0.03% of the stock. Sol Mgmt Communication owns 0.46% invested in American International Group, Inc. (NYSE:AIG) for 26,774 shares. Lee Danner And Bass has invested 0.11% of its portfolio in American International Group, Inc. (NYSE:AIG).

IDEXX Laboratories, Inc. (NASDAQ:IDXX) Institutional Positions Chart

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