Coho Partners LTD Has Increased Its Holding in Amerisourcebergen Corp. (ABC) by $27.05 Million; Icon Advisers Trimmed Transdigm Group (TDG) Position by $403,500

December 7, 2017 - By Clifton Ray

Icon Advisers Inc decreased its stake in Transdigm Group Inc. (TDG) by 60% based on its latest 2017Q2 regulatory filing with the SEC. Icon Advisers Inc sold 1,500 shares as the company’s stock rose 2.33% with the market. The institutional investor held 1,000 shares of the military and government and technical company at the end of 2017Q2, valued at $269,000, down from 2,500 at the end of the previous reported quarter. Icon Advisers Inc who had been investing in Transdigm Group Inc. for a number of months, seems to be less bullish one the $14.24 billion market cap company. The stock increased 0.75% or $2.05 during the last trading session, reaching $274. About 245,584 shares traded. TransDigm Group Incorporated (NYSE:TDG) has risen 12.77% since December 7, 2016 and is uptrending. It has underperformed by 3.93% the S&P500.

Coho Partners Ltd increased its stake in Amerisourcebergen Corp. (ABC) by 27.76% based on its latest 2017Q2 regulatory filing with the SEC. Coho Partners Ltd bought 287,816 shares as the company’s stock declined 1.76% while stock markets rallied. The institutional investor held 1.32M shares of the other pharmaceuticals company at the end of 2017Q2, valued at $125.22 million, up from 1.04M at the end of the previous reported quarter. Coho Partners Ltd who had been investing in Amerisourcebergen Corp. for a number of months, seems to be bullish on the $18.75B market cap company. The stock increased 0.12% or $0.1 during the last trading session, reaching $85.99. About 1.52 million shares traded. AmerisourceBergen Corporation (NYSE:ABC) has risen 18.80% since December 7, 2016 and is uptrending. It has outperformed by 2.10% the S&P500.




Among 18 analysts covering AmerisourceBergen (NYSE:ABC), 9 have Buy rating, 0 Sell and 9 Hold. Therefore 50% are positive. AmerisourceBergen had 58 analyst reports since July 27, 2015 according to SRatingsIntel. Raymond James downgraded the stock to “Market Perform” rating in Wednesday, January 6 report. As per Tuesday, November 17, the company rating was maintained by Credit Suisse. UBS maintained AmerisourceBergen Corporation (NYSE:ABC) on Friday, August 4 with “Neutral” rating. As per Tuesday, January 3, the company rating was downgraded by Mizuho. The firm earned “Buy” rating on Thursday, August 27 by Zacks. The stock of AmerisourceBergen Corporation (NYSE:ABC) earned “Neutral” rating by Bank of America on Friday, June 30. The stock has “Outperform” rating by Cowen & Co on Tuesday, October 10. The company was downgraded on Thursday, September 14 by Morgan Stanley. Jefferies maintained AmerisourceBergen Corporation (NYSE:ABC) on Friday, October 27 with “Hold” rating. Needham maintained it with “Buy” rating and $91.0 target in Friday, September 8 report.

More notable recent AmerisourceBergen Corporation (NYSE:ABC) news were published by: Reuters.com which released: “AmerisourceBergen to pay $625 million to settle US government probe” on November 21, 2017, also Nasdaq.com with their article: “AmerisourceBergen Corp (ABC) Files 10-K for the Fiscal Year Ended on September …” published on November 21, 2017, Seekingalpha.com published: “AmerisourceBergen’s Industry Has High Uncertainty” on November 13, 2017. More interesting news about AmerisourceBergen Corporation (NYSE:ABC) were released by: Seekingalpha.com and their article: “Premarket analyst action – healthcare” published on December 04, 2017 as well as Philly.com‘s news article titled: “AmeriSourceBergen buying distributor for $815M” with publication date: November 20, 2017.

Among 18 analysts covering Transdigm Group Incorporated (NYSE:TDG), 10 have Buy rating, 1 Sell and 7 Hold. Therefore 56% are positive. Transdigm Group Incorporated had 62 analyst reports since August 4, 2015 according to SRatingsIntel. Canaccord Genuity maintained TransDigm Group Incorporated (NYSE:TDG) rating on Friday, May 26. Canaccord Genuity has “Buy” rating and $300 target. The stock of TransDigm Group Incorporated (NYSE:TDG) earned “Buy” rating by RBC Capital Markets on Thursday, November 9. The stock of TransDigm Group Incorporated (NYSE:TDG) earned “Hold” rating by Wellington Shields on Tuesday, November 15. The company was maintained on Wednesday, August 9 by Deutsche Bank. Robert W. Baird maintained it with “Buy” rating and $30000 target in Tuesday, June 6 report. The stock has “Buy” rating by Canaccord Genuity on Wednesday, September 13. As per Monday, October 23, the company rating was maintained by Jefferies. Credit Suisse maintained the stock with “Buy” rating in Thursday, August 10 report. The stock of TransDigm Group Incorporated (NYSE:TDG) earned “Hold” rating by Zacks on Wednesday, August 26. The company was downgraded on Wednesday, December 16 by JP Morgan.

Icon Advisers Inc, which manages about $2.21B and $1.44 billion US Long portfolio, upped its stake in Carrizo Oil & Gas Inc. (NASDAQ:CRZO) by 114,500 shares to 332,900 shares, valued at $5.80 million in 2017Q2, according to the filing. It also increased its holding in Eagle Materials Inc. (NYSE:EXP) by 27,020 shares in the quarter, for a total of 40,020 shares, and has risen its stake in Cdk Global Inc (NASDAQ:CDK).

Analysts await TransDigm Group Incorporated (NYSE:TDG) to report earnings on February, 6. They expect $2.49 earnings per share, up 1.63% or $0.04 from last year’s $2.45 per share. TDG’s profit will be $129.38 million for 27.51 P/E if the $2.49 EPS becomes a reality. After $3.38 actual earnings per share reported by TransDigm Group Incorporated for the previous quarter, Wall Street now forecasts -26.33% negative EPS growth.

Investors sentiment decreased to 0.63 in Q2 2017. Its down 0.45, from 1.08 in 2017Q1. It is negative, as 46 investors sold TDG shares while 159 reduced holdings. 39 funds opened positions while 91 raised stakes. 57.61 million shares or 0.47% less from 57.88 million shares in 2017Q1 were reported. Guggenheim Cap Ltd Liability stated it has 215,639 shares. Advantus Mgmt invested in 5,024 shares. King Luther Cap Mngmt has invested 0.01% of its portfolio in TransDigm Group Incorporated (NYSE:TDG). Addison Communication holds 2,010 shares. 48,624 were reported by Balyasny Asset Mngmt Lc. 12,443 are owned by Barclays Pcl. Federated Incorporated Pa holds 11,722 shares or 0.01% of its portfolio. New York-based Neville Rodie And Shaw Inc has invested 0.02% in TransDigm Group Incorporated (NYSE:TDG). Proshare Advisors Limited Liability Co has 0.01% invested in TransDigm Group Incorporated (NYSE:TDG). Rice Hall James And Associates Ltd Liability holds 5,900 shares. Rothschild Asset accumulated 1,639 shares. Whittier Tru Of Nevada Inc, a Nevada-based fund reported 84 shares. Daiwa Securities Group invested in 0% or 1,550 shares. Calamos Advsrs Limited Liability Company owns 14,231 shares. Nuveen Asset Mngmt has invested 0.11% in TransDigm Group Incorporated (NYSE:TDG).

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