New Mountain Vantage Advisers Has Lifted By $8.78 Million Its Western Gas Partners LP (WES) Position; Conmed (CNMD) Sentiment Is 1.34

January 13, 2018 - By Dolores Ford

CONMED Corporation, a medical technology company, develops, makes, and sells surgical devices and related equipment for minimally invasive procedures in the Americas, Europe, the Middle East, Africa, and the Asia Pacific. The company has market cap of $1.58 billion. The firm offers sports medicine products, such as powered resection instruments, arthroscopes, reconstructive systems, tissue repair sets, metal and bio absorbable implants, and related disposable products and fluid management systems; powered surgical instruments for use in large and small bone orthopedic, arthroscopic, oral/maxillofacial, podiatric, plastic, ENT, neurological, spinal, and cardiothoracic surgeries; and sports biologics and tissues. It has a 102.88 P/E ratio. It also provides electrosurgical generators, hand pieces, smoke management systems, and accessories for surgical needs; and endomechanical instrumentation products that offer various instruments comprising trocars, suction irrigation devices, graspers, scissors, and dissectors used in the minimally invasive laparoscopic and gynecological surgery, as well as an uterine manipulator for use in the laparoscopic hysterectomies and other gynecologic laparoscopic procedures.

New Mountain Vantage Advisers Llc increased Western Gas Partners Lp (WES) stake by 25.83% reported in 2017Q3 SEC filing. New Mountain Vantage Advisers Llc acquired 172,060 shares as Western Gas Partners Lp (WES)’s stock declined 13.68%. The New Mountain Vantage Advisers Llc holds 838,254 shares with $42.99M value, up from 666,194 last quarter. Western Gas Partners Lp now has $8.36B valuation. The stock increased 0.02% or $0.01 during the last trading session, reaching $53.86. About 2.07 million shares traded or 285.63% up from the average. Western Gas Partners, LP (NYSE:WES) has risen 10.32% since January 13, 2017 and is uptrending. It has underperformed by 6.38% the S&P500.

Among 17 analysts covering Western Gas Partners (NYSE:WES), 11 have Buy rating, 1 Sell and 5 Hold. Therefore 65% are positive. Western Gas Partners had 40 analyst reports since August 3, 2015 according to SRatingsIntel. The firm has “Buy” rating by Stifel Nicolaus given on Thursday, January 11. Morgan Stanley initiated the shares of WES in report on Thursday, February 25 with “Equal-Weight” rating. The firm has “Hold” rating by Stifel Nicolaus given on Thursday, July 13. The stock of Western Gas Partners, LP (NYSE:WES) has “Buy” rating given on Sunday, August 20 by RBC Capital Markets. The stock has “Outperform” rating by RBC Capital Markets on Tuesday, October 11. Morgan Stanley maintained the stock with “Equal-Weight” rating in Friday, November 17 report. On Thursday, November 2 the stock rating was maintained by Morgan Stanley with “Equal-Weight”. The firm has “Overweight” rating by Barclays Capital given on Thursday, November 2. RBC Capital Markets maintained the shares of WES in report on Sunday, October 29 with “Buy” rating. The firm has “Hold” rating given on Thursday, October 5 by Stifel Nicolaus.

Investors sentiment increased to 1.52 in 2017 Q3. Its up 0.07, from 1.45 in 2017Q2. It improved, as 15 investors sold WES shares while 50 reduced holdings. 18 funds opened positions while 81 raised stakes. 90.45 million shares or 23.46% more from 73.26 million shares in 2017Q2 were reported. Bessemer reported 861 shares. Bnp Paribas Arbitrage Sa accumulated 9,655 shares or 0% of the stock. Moreover, Mitchell Mcleod Pugh & Williams has 0.54% invested in Western Gas Partners, LP (NYSE:WES). 33,990 were accumulated by Hilton Capital Management Llc. Exane Derivatives reported 0% stake. Shikiar Asset Management accumulated 20,725 shares or 0.46% of the stock. Evercore Wealth Ltd Liability Company reported 2,000 shares. Moreover, Rockefeller Finance Inc has 0.04% invested in Western Gas Partners, LP (NYSE:WES). Susquehanna Grp Ltd Liability Partnership reported 26,599 shares. Yorkville Capital Llc reported 1.83% in Western Gas Partners, LP (NYSE:WES). Linscomb & Williams reported 0.04% in Western Gas Partners, LP (NYSE:WES). Citigroup, New York-based fund reported 486,017 shares. Moreover, Homrich And Berg has 0.06% invested in Western Gas Partners, LP (NYSE:WES). Huntington Steele Lc has invested 0.07% in Western Gas Partners, LP (NYSE:WES). Balyasny Asset Limited Liability Corporation has invested 0.06% of its portfolio in Western Gas Partners, LP (NYSE:WES).

New Mountain Vantage Advisers Llc decreased Charter Communications Inc N stake by 3,815 shares to 41,113 valued at $14.94 million in 2017Q3. It also reduced Aetna Inc New (NYSE:AET) stake by 22,266 shares and now owns 263,283 shares. Dxc Technology Co was reduced too.

Analysts await CONMED Corporation (NASDAQ:CNMD) to report earnings on February, 7. They expect $0.65 EPS, up 20.37% or $0.11 from last year’s $0.54 per share. CNMD’s profit will be $18.16 million for 21.72 P/E if the $0.65 EPS becomes a reality. After $0.42 actual EPS reported by CONMED Corporation for the previous quarter, Wall Street now forecasts 54.76% EPS growth.

Since January 1, 0001, it had 1 buy, and 1 sale for $142,004 activity.

Krensavage Asset Management Llc holds 3.13% of its portfolio in CONMED Corporation for 191,601 shares. Champlain Investment Partners Llc owns 1.66 million shares or 1.03% of their US portfolio. Moreover, Cramer Rosenthal Mcglynn Llc has 0.86% invested in the company for 1.03 million shares. The Maryland-based Investment Counselors Of Maryland Llc has invested 0.81% in the stock. Heartland Advisors Inc, a Wisconsin-based fund reported 165,992 shares.

The stock increased 0.57% or $0.32 during the last trading session, reaching $56.48. About 138,631 shares traded or 23.09% up from the average. CONMED Corporation (CNMD) has risen 27.59% since January 13, 2017 and is uptrending. It has outperformed by 10.89% the S&P500.

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