Solaris Asset Management Has Lowered Its Cvs (CVS) Position by $1.89 Million as Market Value Declined; Ferguson Wellman Capital Management Holding in Superior Energy Services (SPN) Has Cut by $1.15 Million

February 15, 2018 - By Adrian Erickson

Solaris Asset Management Llc decreased its stake in Cvs Corp (CVS) by 96.09% based on its latest 2017Q3 regulatory filing with the SEC. Solaris Asset Management Llc sold 23,320 shares as the company’s stock declined 4.23% while stock markets rallied. The institutional investor held 950 shares of the medical and nursing services company at the end of 2017Q3, valued at $77,000, down from 24,270 at the end of the previous reported quarter. Solaris Asset Management Llc who had been investing in Cvs Corp for a number of months, seems to be less bullish one the $71.01 billion market cap company. The stock increased 0.43% or $0.3 during the last trading session, reaching $70.09. About 3.16M shares traded. CVS Health Corporation (NYSE:CVS) has declined 24.40% since February 15, 2017 and is downtrending. It has underperformed by 41.10% the S&P500.




Ferguson Wellman Capital Management Inc decreased its stake in Superior Energy Services Inc (SPN) by 6.89% based on its latest 2017Q3 regulatory filing with the SEC. Ferguson Wellman Capital Management Inc sold 115,069 shares as the company’s stock declined 27.83% while stock markets rallied. The institutional investor held 1.56M shares of the energy company at the end of 2017Q3, valued at $16.61 million, down from 1.67M at the end of the previous reported quarter. Ferguson Wellman Capital Management Inc who had been investing in Superior Energy Services Inc for a number of months, seems to be less bullish one the $1.32B market cap company. The stock decreased 2.37% or $0.21 during the last trading session, reaching $8.65. About 1.71M shares traded. Superior Energy Services, Inc. (NYSE:SPN) has declined 25.14% since February 15, 2017 and is downtrending. It has underperformed by 41.84% the S&P500.

Among 25 analysts covering CVS Health (NYSE:CVS), 18 have Buy rating, 0 Sell and 7 Hold. Therefore 72% are positive. CVS Health had 72 analyst reports since July 22, 2015 according to SRatingsIntel. The stock of CVS Health Corporation (NYSE:CVS) has “Buy” rating given on Tuesday, August 8 by Oppenheimer. On Monday, November 2 the stock rating was maintained by S&P Research with “Strong Buy”. On Monday, December 4 the stock rating was maintained by RBC Capital Markets with “Buy”. The rating was maintained by Jefferies on Wednesday, October 18 with “Hold”. The firm earned “Hold” rating on Wednesday, July 22 by Deutsche Bank. The firm has “Buy” rating given on Monday, January 8 by Leerink Swann. The rating was upgraded by Raymond James to “Buy” on Thursday, January 4. On Thursday, March 10 the stock rating was reinitiated by Barclays Capital with “Overweight”. The firm earned “Outperform” rating on Tuesday, November 7 by Leerink Swann. Tigress Financial initiated the shares of CVS in report on Friday, April 28 with “Buy” rating.

Investors sentiment decreased to 0.88 in Q3 2017. Its down 0.04, from 0.92 in 2017Q2. It worsened, as 60 investors sold CVS shares while 571 reduced holdings. 88 funds opened positions while 466 raised stakes. 801.45 million shares or 0.31% less from 803.96 million shares in 2017Q2 were reported. Moreover, Crestwood Advsr Gru Ltd Liability Corporation has 1.66% invested in CVS Health Corporation (NYSE:CVS). Commonwealth Bank Of Aus holds 0.17% or 218,354 shares. Moreover, Nomura Asset Ltd has 0.45% invested in CVS Health Corporation (NYSE:CVS). Tradition Capital Mngmt Ltd Com has 4,097 shares. Natl Mutual Federation Of Agricultural Cooperatives accumulated 0.04% or 21,700 shares. Wells Fargo Com Mn has 0.26% invested in CVS Health Corporation (NYSE:CVS). Union Retail Bank has invested 1.81% in CVS Health Corporation (NYSE:CVS). Personal Cap Advsrs Corp holds 0.44% in CVS Health Corporation (NYSE:CVS) or 277,398 shares. California State Teachers Retirement Systems has invested 0.33% of its portfolio in CVS Health Corporation (NYSE:CVS). Intrust Bancorporation Na stated it has 0.31% of its portfolio in CVS Health Corporation (NYSE:CVS). Robecosam Ag holds 0.82% or 130,561 shares. Nelson Roberts Invest Advsr Ltd Com invested in 0.17% or 6,434 shares. Marshall Wace Llp invested 0.34% in CVS Health Corporation (NYSE:CVS). Callahan Advsr Lc invested 0.45% in CVS Health Corporation (NYSE:CVS). Edgar Lomax Com Va has invested 3.83% in CVS Health Corporation (NYSE:CVS).

Since August 16, 2017, it had 0 insider buys, and 6 insider sales for $58.12 million activity. Moriarty Thomas M also sold $1.67 million worth of CVS Health Corporation (NYSE:CVS) on Monday, October 2. Foulkes Helena sold $3.22M worth of CVS Health Corporation (NYSE:CVS) on Friday, September 15. The insider SWIFT RICHARD J sold 2,500 shares worth $199,050. Denton David M sold 237,078 shares worth $18.88M. MERLO LARRY J sold $20.03M worth of stock or 241,150 shares.

Ferguson Wellman Capital Management Inc, which manages about $3.83 billion and $2.77B US Long portfolio, upped its stake in Ishares Russell 1000 Value Etf (IWD) by 2,675 shares to 9,730 shares, valued at $1.15M in 2017Q3, according to the filing. It also increased its holding in United Parcel Service Cl B (NYSE:UPS) by 154,098 shares in the quarter, for a total of 315,563 shares, and has risen its stake in Ishares Russell 2000 Etf (IWM).

Among 30 analysts covering Superior Energy Services (NYSE:SPN), 13 have Buy rating, 1 Sell and 16 Hold. Therefore 43% are positive. Superior Energy Services had 124 analyst reports since August 3, 2015 according to SRatingsIntel. RBC Capital Markets maintained the stock with “Hold” rating in Thursday, December 21 report. The company was maintained on Wednesday, July 27 by Jefferies. On Friday, July 15 the stock rating was upgraded by Imperial Capital to “Outperform”. The stock of Superior Energy Services, Inc. (NYSE:SPN) earned “Hold” rating by Jefferies on Thursday, January 4. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Equal-Weight” rating given on Wednesday, July 12 by Barclays Capital. The stock of Superior Energy Services, Inc. (NYSE:SPN) has “Hold” rating given on Monday, January 15 by BMO Capital Markets. Barclays Capital maintained Superior Energy Services, Inc. (NYSE:SPN) rating on Wednesday, October 25. Barclays Capital has “Equal-Weight” rating and $10 target. The firm has “Hold” rating given on Friday, June 23 by RBC Capital Markets. The stock has “Outperform” rating by Credit Suisse on Wednesday, October 25. On Tuesday, June 27 the stock rating was downgraded by Guggenheim to “Neutral”.

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