Baxter Intl (BAX) Holder 13D Management Boosted Its Position by $1.38 Million as Share Price Rose; Morgan Stanley (MS) Shareholder Hourglass Capital Has Decreased Holding

January 13, 2018 - By Darrin Black

13D Management Llc increased its stake in Baxter Intl Inc (BAX) by 11.38% based on its latest 2017Q3 regulatory filing with the SEC. 13D Management Llc bought 22,178 shares as the company’s stock rose 15.04% with the market. The institutional investor held 216,985 shares of the medical and dental instruments company at the end of 2017Q3, valued at $13.62M, up from 194,807 at the end of the previous reported quarter. 13D Management Llc who had been investing in Baxter Intl Inc for a number of months, seems to be bullish on the $37.23B market cap company. The stock decreased 0.18% or $0.12 during the last trading session, reaching $68.34. About 2.37M shares traded. Baxter International Inc. (NYSE:BAX) has risen 32.55% since January 13, 2017 and is uptrending. It has outperformed by 15.85% the S&P500.

Hourglass Capital Llc decreased its stake in Morgan Stanley (MS) by 6.03% based on its latest 2017Q3 regulatory filing with the SEC. Hourglass Capital Llc sold 14,480 shares as the company’s stock declined 9.43% while stock markets rallied. The hedge fund held 225,519 shares of the investment bankers and brokers and service company at the end of 2017Q3, valued at $10.86 million, down from 239,999 at the end of the previous reported quarter. Hourglass Capital Llc who had been investing in Morgan Stanley for a number of months, seems to be less bullish one the $99.65 billion market cap company. The stock increased 1.70% or $0.92 during the last trading session, reaching $55.12. About 9.00 million shares traded or 15.34% up from the average. Morgan Stanley (NYSE:MS) has risen 57.08% since January 13, 2017 and is uptrending. It has outperformed by 40.38% the S&P500.

Hourglass Capital Llc, which manages about $861.92M and $420.07M US Long portfolio, upped its stake in Hospitality Pptys Tr (NYSE:HPT) by 18,200 shares to 349,085 shares, valued at $9.95 million in 2017Q3, according to the filing. It also increased its holding in Alphabet Inc by 1,155 shares in the quarter, for a total of 6,010 shares, and has risen its stake in General Electric Co (NYSE:GE).

Analysts await Morgan Stanley (NYSE:MS) to report earnings on January, 16. They expect $0.78 EPS, down 3.70% or $0.03 from last year’s $0.81 per share. MS’s profit will be $1.41B for 17.67 P/E if the $0.78 EPS becomes a reality. After $0.93 actual EPS reported by Morgan Stanley for the previous quarter, Wall Street now forecasts -16.13% negative EPS growth.

Among 29 analysts covering Morgan Stanley (NYSE:MS), 19 have Buy rating, 0 Sell and 10 Hold. Therefore 66% are positive. Morgan Stanley had 91 analyst reports since July 21, 2015 according to SRatingsIntel. As per Wednesday, March 30, the company rating was maintained by Credit Suisse. The stock of Morgan Stanley (NYSE:MS) has “Buy” rating given on Thursday, December 21 by Keefe Bruyette & Woods. As per Thursday, October 20, the company rating was upgraded by Guggenheim. Atlantic Securities downgraded the shares of MS in report on Wednesday, February 3 to “Underweight” rating. BMO Capital Markets maintained Morgan Stanley (NYSE:MS) on Monday, June 19 with “Buy” rating. Macquarie Research maintained it with “Outperform” rating and $37 target in Wednesday, October 5 report. Argus Research maintained Morgan Stanley (NYSE:MS) rating on Friday, September 4. Argus Research has “Buy” rating and $40.0 target. As per Monday, October 9, the company rating was maintained by Citigroup. The stock of Morgan Stanley (NYSE:MS) has “Outperform” rating given on Wednesday, December 13 by Wood. The rating was initiated by Berenberg on Wednesday, July 13 with “Hold”.

Investors sentiment increased to 0.94 in 2017 Q3. Its up 0.06, from 0.88 in 2017Q2. It increased, as 59 investors sold MS shares while 292 reduced holdings. 76 funds opened positions while 255 raised stakes. 1.53 billion shares or 1.48% less from 1.55 billion shares in 2017Q2 were reported. Cadence Capital Llc reported 44,647 shares or 0.13% of all its holdings. Prudential Public Limited Co owns 4.56M shares or 0.69% of their US portfolio. Lord Abbett Com Ltd Llc invested in 0% or 18,571 shares. 12,830 were accumulated by Appleton Prns Ma. World reported 1.73M shares. Glaxis Mgmt accumulated 0.73% or 10,000 shares. White Pine stated it has 104,165 shares or 2.67% of all its holdings. Duncker Streett And Co invested 0.2% in Morgan Stanley (NYSE:MS). 115,409 were accumulated by Lowe Brockenbrough & Inc. Regal Invest Advisors Lc holds 0.05% or 4,534 shares. Polaris Greystone Fincl Gru Limited Co has 1.91% invested in Morgan Stanley (NYSE:MS). Stephens Incorporated Ar holds 0.02% or 13,744 shares in its portfolio. Pub Employees Retirement Association Of Colorado invested 0.09% of its portfolio in Morgan Stanley (NYSE:MS). Palisade Asset Ltd Liability Co holds 0.21% or 23,620 shares. Employees Retirement Of Texas accumulated 501,000 shares or 0.32% of the stock.

Among 18 analysts covering Baxter International (NYSE:BAX), 11 have Buy rating, 0 Sell and 7 Hold. Therefore 61% are positive. Baxter International had 49 analyst reports since July 30, 2015 according to SRatingsIntel. The firm earned “Outperform” rating on Tuesday, July 11 by BMO Capital Markets. The stock of Baxter International Inc. (NYSE:BAX) has “Hold” rating given on Thursday, August 17 by Citigroup. The stock of Baxter International Inc. (NYSE:BAX) earned “Hold” rating by RBC Capital Markets on Wednesday, July 26. JP Morgan reinitiated Baxter International Inc. (NYSE:BAX) on Monday, June 6 with “Neutral” rating. RBC Capital Markets maintained Baxter International Inc. (NYSE:BAX) on Monday, July 10 with “Hold” rating. The firm has “Outperform” rating by Raymond James given on Wednesday, January 3. On Wednesday, November 22 the stock rating was maintained by RBC Capital Markets with “Hold”. The firm has “Outperform” rating by Wells Fargo given on Thursday, October 13. The rating was downgraded by S&P Research on Friday, July 31 to “Hold”. UBS maintained the stock with “Neutral” rating in Friday, July 28 report.

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