Teva Pharmaceutical Industries LTD (TEVA) Holding Raised by Dreman Value Management Llc; As Range Resources (RRC) Stock Declined, Holder Blume Capital Management Has Upped Stake

February 21, 2018 - By Richard Conner

David Dreman increased its stake in Teva Pharmaceutical Industries Ltd. (TEVA) by 168.75% based on its latest 2017Q3 regulatory filing with the SEC. Dreman Value Management Llc bought 26,402 shares as the company’s stock declined 15.11% while stock markets rallied. The hedge fund run by David Dreman held 42,048 shares of the major pharmaceuticals company at the end of 2017Q3, valued at $740,000, up from 15,646 at the end of the previous reported quarter. Dreman Value Management Llc who had been investing in Teva Pharmaceutical Industries Ltd. for a number of months, seems to be bullish on the $20.52B market cap company. The stock increased 1.00% or $0.2 during the last trading session, reaching $20.18. About 12.38 million shares traded. Teva Pharmaceutical Industries Limited (NYSE:TEVA) has declined 41.70% since February 21, 2017 and is downtrending. It has underperformed by 58.40% the S&P500.

Blume Capital Management Inc increased its stake in Range Resources (RRC) by 187.41% based on its latest 2017Q3 regulatory filing with the SEC. Blume Capital Management Inc bought 181,575 shares as the company’s stock declined 18.29% while stock markets rallied. The institutional investor held 278,460 shares of the oil & gas production company at the end of 2017Q3, valued at $5.45M, up from 96,885 at the end of the previous reported quarter. Blume Capital Management Inc who had been investing in Range Resources for a number of months, seems to be bullish on the $3.15B market cap company. The stock decreased 1.30% or $0.17 during the last trading session, reaching $12.91. About 5.90 million shares traded. Range Resources Corporation (NYSE:RRC) has declined 36.05% since February 21, 2017 and is downtrending. It has underperformed by 52.75% the S&P500.




Among 35 analysts covering Teva Pharma (NYSE:TEVA), 9 have Buy rating, 8 Sell and 18 Hold. Therefore 26% are positive. Teva Pharma had 146 analyst reports since July 21, 2015 according to SRatingsIntel. Citigroup upgraded Teva Pharmaceutical Industries Limited (NYSE:TEVA) on Thursday, January 4 to “Buy” rating. Cantor Fitzgerald initiated Teva Pharmaceutical Industries Limited (NYSE:TEVA) on Friday, June 16 with “Neutral” rating. The rating was maintained by Mizuho with “Buy” on Thursday, August 25. The firm has “Hold” rating by Cowen & Co given on Thursday, February 8. The firm earned “Overweight” rating on Tuesday, May 3 by Morgan Stanley. The rating was maintained by Credit Suisse on Monday, November 6 with “Underperform”. On Wednesday, January 24 the stock rating was maintained by RBC Capital Markets with “Sell”. The rating was maintained by Piper Jaffray on Tuesday, January 30 with “Hold”. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) earned “Hold” rating by Deutsche Bank on Friday, November 3. The stock of Teva Pharmaceutical Industries Limited (NYSE:TEVA) earned “Sell” rating by BTIG Research on Monday, February 12.

Dreman Value Management Llc, which manages about $2.21 billion and $182.49 million US Long portfolio, decreased its stake in Office Depot Inc. (NASDAQ:ODP) by 112,388 shares to 6,848 shares, valued at $31,000 in 2017Q3, according to the filing. It also reduced its holding in Twenty (NASDAQ:FOXA) by 20,503 shares in the quarter, leaving it with 1,657 shares, and cut its stake in Selective Ins Group Com (NASDAQ:SIGI).

Blume Capital Management Inc, which manages about $302.15M and $189.08 million US Long portfolio, decreased its stake in Qualcomm Inc (NASDAQ:QCOM) by 27,685 shares to 83,810 shares, valued at $4.35M in 2017Q3, according to the filing. It also reduced its holding in Antero Resources Corp (NYSE:AR) by 143,075 shares in the quarter, leaving it with 8,550 shares, and cut its stake in General Motors (Call) (NYSE:GM).

Investors sentiment is 1.35 in Q3 2017. Its the same as in 2017Q2. It is without change, as 55 investors sold RRC shares while 102 reduced holdings. only 52 funds opened positions while 160 raised stakes. 248.08 million shares or 7.58% more from 230.61 million shares in 2017Q2 were reported. Janney Montgomery Scott Ltd Liability Corporation stated it has 26,069 shares. 342,259 are held by Principal Inc. Profund Ltd Limited Liability Company has 11,970 shares for 0.01% of their portfolio. Zurcher Kantonalbank (Zurich Cantonalbank) holds 0.01% or 53,023 shares. Wealthfront Incorporated holds 34,544 shares or 0.01% of its portfolio. 416,150 were accumulated by Broadview Advisors Ltd Co. Virtu Financial Ltd Com reported 41,592 shares. State Of Alaska Department Of Revenue has 36,290 shares for 0.04% of their portfolio. Parkside Comml Bank Tru stated it has 153 shares or 0% of all its holdings. The New York-based Garrison Bradford And has invested 0.52% in Range Resources Corporation (NYSE:RRC). Prudential owns 0.01% invested in Range Resources Corporation (NYSE:RRC) for 270,831 shares. Envestnet Asset Management reported 8,492 shares. Moreover, Hap Trading Limited Liability Com has 0.01% invested in Range Resources Corporation (NYSE:RRC) for 14,741 shares. Glg Ltd Liability holds 0.01% or 9,275 shares in its portfolio. Ing Groep Nv owns 19,514 shares.

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