Longer Investments Has Lowered Holding in Abbott Laboratories (ABT) by $871,843 as Stock Value Rose; Argent Capital Management Increases Position in Orthofix International Nv (OFIX)

June 18, 2018 - By Adrian Mccoy

Abbott Laboratories (NYSE:ABT) Logo

Longer Investments Inc decreased its stake in Abbott Laboratories (ABT) by 33.36% based on its latest 2018Q1 regulatory filing with the SEC. Longer Investments Inc sold 14,777 shares as the company’s stock rose 3.04% while stock markets declined. The institutional investor held 29,523 shares of the major pharmaceuticals company at the end of 2018Q1, valued at $1.77M, down from 44,300 at the end of the previous reported quarter. Longer Investments Inc who had been investing in Abbott Laboratories for a number of months, seems to be less bullish one the $109.96B market cap company. The stock decreased 0.30% or $0.19 during the last trading session, reaching $62.72. About 1.82 million shares traded. Abbott Laboratories (NYSE:ABT) has risen 41.91% since June 18, 2017 and is uptrending. It has outperformed by 29.34% the S&P500. Some Historical ABT News: 03/05/2018 – ABBOTT LABORATORIES – EXPECTS ADVISOR HD GRID COMMERCIAL USE TO BEGIN ACROSS U.S. IN COMING MONTHS; 29/05/2018 – Magellan Health: Swati Abbott and Matthew J. Simas Elected to Board of Directors; 18/05/2018 – ABBOTT: POLICE STILL SEARCHING CRIME SCENE, OTHER LOCATIONS; 16/03/2018 – Drug Makers use Nanotechnology to Improve Delivery and Dosing; 02/04/2018 – FTC: FTC Acting Chairman Ohlhausen Appoints Alden Abbott as Acting General Counsel; 18/04/2018 – ABBOTT LABORATORIES ABT.N : BMO NAMES CO TOP PICK FOR 2018; 18/04/2018 – ABBOTT LABORATORIES – QTRLY TOTAL DIAGNOSTICS SALES $ 1,837 MLN VS $1,158 MLN REPORTED LAST YEAR; 18/04/2018 – ABBOTT CEO COMMENTS ON EARNINGS CALL; 06/03/2018 U.S. FDA SAYS EXPANDED APPROVAL OF A HEART VALVE TO INCLUDE A SIZE SMALL ENOUGH TO BE USED IN NEWBORN PEDIATRIC PATIENTS TO TREAT HEART DEFECTS; 18/04/2018 – ABBOTT 1Q EARNINGS CALL ENDS




Argent Capital Management Llc increased its stake in Orthofix International Nv (OFIX) by 20.67% based on its latest 2018Q1 regulatory filing with the SEC. Argent Capital Management Llc bought 10,875 shares as the company’s stock declined 0.74% with the market. The institutional investor held 63,480 shares of the medical and dental instruments company at the end of 2018Q1, valued at $3.73 million, up from 52,605 at the end of the previous reported quarter. Argent Capital Management Llc who had been investing in Orthofix International Nv for a number of months, seems to be bullish on the $1.11 billion market cap company. The stock decreased 0.10% or $0.06 during the last trading session, reaching $58.94. About 121,986 shares traded. Orthofix International N.V. (NASDAQ:OFIX) has risen 27.98% since June 18, 2017 and is uptrending. It has outperformed by 15.41% the S&P500. Some Historical OFIX News: 15/03/2018 – ORTHOFIX TO BUY SPINAL KINETICS FOR $45M IN CASH; 30/04/2018 – Orthofix 1Q EPS 27c; 19/03/2018 – Orthofix International (OFIX) Orthofix to Discuss the Acquisition of Spinal Kinetics (Transcript); 22/03/2018 – Orthofix Receives FDA 510(k) Clearance Of G-Beam Fusion Beaming System; 22/03/2018 – Orthofix: New System Adds Treatment Options for Charcot Foot, Broadens Company’s Extremity Fixation Portfolio of Products; 13/03/2018 – Orthofix Announces Appointment of John Sicard to Bd of Directors; 11/04/2018 – FDA: Orthofix, Inc- ORTHOFIX, Connector System, LARGE SET SCREW, REF 79-2002; 13/03/2018 – ORTHOFIX INTERNATIONAL NV – SICARD’S APPOINTMENT EXPANDS BOARD TO 9 DIRECTORS, 8 OF WHOM ARE INDEPENDENT DIRECTORS; 13/03/2018 – Orthofix: Sicard’s Appointment Expands Board to 9 Directors; 15/03/2018 – ORTHOFIX INTERNATIONAL NV – SEES DEAL TO BE SLIGHTLY ACCRETIVE TO NON-GAAP DILUTED SHR, ADJUSTED EBITDA IN 12 MONTHS OF PMA APPROVAL IN U.S

Since May 3, 2018, it had 1 buy, and 0 sales for $519,724 activity.

More recent Orthofix International N.V. (NASDAQ:OFIX) news were published by: Nasdaq.com which released: “As Spinal Stocks Climb Toward Yearly Highs, There’s Still Room for Upside” on June 07, 2018. Also Globenewswire.com published the news titled: “Factors of Influence in 2018, Key Indicators and Opportunity within Southern Missouri, Marlin Business Services …” on June 05, 2018. Seekingalpha.com‘s news article titled: “Premarket analyst action – healthcare” with publication date: June 01, 2018 was also an interesting one.

Argent Capital Management Llc, which manages about $2.51B and $2.73B US Long portfolio, decreased its stake in Federal Agricultural Mortgage (NYSE:AGM) by 4,285 shares to 31,951 shares, valued at $2.78M in 2018Q1, according to the filing. It also reduced its holding in Pentair Plc (NYSE:PNR) by 4,605 shares in the quarter, leaving it with 589,186 shares, and cut its stake in General Mills Inc. (NYSE:GIS).

Among 6 analysts covering Orthofix International (NASDAQ:OFIX), 6 have Buy rating, 0 Sell and 0 Hold. Therefore 100% are positive. Orthofix International had 11 analyst reports since August 18, 2015 according to SRatingsIntel. The rating was maintained by Jefferies on Monday, October 30 with “Buy”. The rating was maintained by Gabelli with “Buy” on Wednesday, August 9. The rating was maintained by BTIG Research with “Buy” on Tuesday, August 8. Jefferies maintained the shares of OFIX in report on Tuesday, February 27 with “Buy” rating. The rating was maintained by Jefferies with “Buy” on Thursday, June 29. The rating was maintained by Jefferies with “Buy” on Sunday, September 10.

Investors sentiment decreased to 1.53 in Q1 2018. Its down 0.09, from 1.62 in 2017Q4. It worsened, as 10 investors sold OFIX shares while 48 reduced holdings. 32 funds opened positions while 57 raised stakes. 16.17 million shares or 2.44% less from 16.57 million shares in 2017Q4 were reported. Zebra Management Lc reported 0.38% of its portfolio in Orthofix International N.V. (NASDAQ:OFIX). Pnc Finance Services holds 0% or 385 shares in its portfolio. Geode Capital Mgmt Lc stated it has 221,369 shares. Morgan Stanley stated it has 0% in Orthofix International N.V. (NASDAQ:OFIX). Voya Mngmt Limited Liability reported 7,906 shares. Thrivent For Lutherans stated it has 11,757 shares. Vanguard Grp Inc invested in 0% or 1.66M shares. Moreover, Manufacturers Life Insur The has 0% invested in Orthofix International N.V. (NASDAQ:OFIX) for 12,792 shares. Wells Fargo & Com Mn holds 0% or 137,669 shares. Trust Department Mb Bancshares N A reported 106 shares. Macquarie Grp Ltd reported 8,661 shares. Cadence Ltd Co reported 42,337 shares or 0.16% of all its holdings. Whittier Trust has invested 0% of its portfolio in Orthofix International N.V. (NASDAQ:OFIX). Tci Wealth Inc reported 0% stake. Natl Bank Of Ny Mellon reported 276,541 shares.

More recent Abbott Laboratories (NYSE:ABT) news were published by: Gurufocus.com which released: “AbbVie Declares Quarterly Dividend” on June 17, 2018. Also Globenewswire.com published the news titled: “Report: Developing Opportunities within Abbott Laboratories, Markel, Microsoft, Gazit-Globe, National General, and …” on June 14, 2018. Fool.com‘s news article titled: “3 High-Yield Stocks at Rock-Bottom Prices” with publication date: June 15, 2018 was also an interesting one.

Investors sentiment decreased to 0.83 in 2018 Q1. Its down 0.08, from 0.91 in 2017Q4. It fall, as 44 investors sold ABT shares while 606 reduced holdings. 126 funds opened positions while 411 raised stakes. 1.22 billion shares or 0.54% more from 1.22 billion shares in 2017Q4 were reported. Arvest Retail Bank Trust Division has 3,554 shares. Dock Street Asset Mngmt, Connecticut-based fund reported 28,309 shares. Moody Commercial Bank Division accumulated 10,962 shares. 116,828 were reported by Barrett Asset Mngmt Lc. Jennison holds 2.49 million shares. S&Co Incorporated, a Massachusetts-based fund reported 280,380 shares. Woodmont Inv Counsel Llc holds 24,399 shares or 0.4% of its portfolio. 800,986 were accumulated by Suntrust Banks. Cohen And Steers stated it has 236,540 shares or 0.04% of all its holdings. Alley Ltd Co has invested 2.33% in Abbott Laboratories (NYSE:ABT). Nelson Roberts Limited Company reported 0.12% in Abbott Laboratories (NYSE:ABT). 11,509 were reported by Point72 Asia (Hong Kong). The Tennessee-based Patten Patten Inc Tn has invested 0.31% in Abbott Laboratories (NYSE:ABT). Capital Advsrs Ok has invested 0.11% of its portfolio in Abbott Laboratories (NYSE:ABT). Sather Financial Group holds 0.08% in Abbott Laboratories (NYSE:ABT) or 6,000 shares.

Analysts await Abbott Laboratories (NYSE:ABT) to report earnings on July, 19. They expect $0.71 earnings per share, up 14.52% or $0.09 from last year’s $0.62 per share. ABT’s profit will be $1.24 billion for 22.08 P/E if the $0.71 EPS becomes a reality. After $0.59 actual earnings per share reported by Abbott Laboratories for the previous quarter, Wall Street now forecasts 20.34% EPS growth.

Abbott Laboratories (NYSE:ABT) Institutional Positions Chart

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