Martin Currie LTD Decreased Ecolab (ECL) Position by $539,776; Shares Rose; Holder Caspian Capital LP Has Upped Tenet Healthcare (THC) Holding

January 14, 2018 - By Ruchi Gupta

Martin Currie Ltd decreased its stake in Ecolab Inc (ECL) by 9.75% based on its latest 2017Q3 regulatory filing with the SEC. Martin Currie Ltd sold 4,217 shares as the company’s stock rose 2.53% with the market. The institutional investor held 39,014 shares of the package goods and cosmetics company at the end of 2017Q3, valued at $5.02 million, down from 43,231 at the end of the previous reported quarter. Martin Currie Ltd who had been investing in Ecolab Inc for a number of months, seems to be less bullish one the $39.78B market cap company. The stock increased 0.47% or $0.65 during the last trading session, reaching $137.68. About 1.27 million shares traded or 18.20% up from the average. Ecolab Inc. (NYSE:ECL) has risen 9.41% since January 14, 2017 and is uptrending. It has underperformed by 7.29% the S&P500.

Caspian Capital Lp increased its stake in Tenet Healthcare Corp (THC) by 76.19% based on its latest 2017Q3 regulatory filing with the SEC. Caspian Capital Lp bought 400,000 shares as the company’s stock declined 9.34% while stock markets rallied. The hedge fund held 925,000 shares of the hospital and nursing management company at the end of 2017Q3, valued at $15.20M, up from 525,000 at the end of the previous reported quarter. Caspian Capital Lp who had been investing in Tenet Healthcare Corp for a number of months, seems to be bullish on the $1.64B market cap company. The stock increased 5.31% or $0.82 during the last trading session, reaching $16.25. About 5.47 million shares traded or 66.59% up from the average. Tenet Healthcare Corporation (NYSE:THC) has declined 36.81% since January 14, 2017 and is downtrending. It has underperformed by 53.51% the S&P500.

Investors sentiment increased to 1.33 in 2017 Q3. Its up 0.08, from 1.25 in 2017Q2. It improved, as 33 investors sold THC shares while 57 reduced holdings. 41 funds opened positions while 79 raised stakes. 122.38 million shares or 7.67% more from 113.66 million shares in 2017Q2 were reported. Legal & General Gp Public Lc has invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Pnc Fincl Services reported 1,949 shares. State Of New Jersey Common Pension Fund D reported 2.06 million shares or 0.14% of all its holdings. Carroll Associates Inc holds 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC) for 101 shares. Moreover, Glenview Management Llc has 1.71% invested in Tenet Healthcare Corporation (NYSE:THC). 1.25M were reported by Goldman Sachs Grp Inc Inc Inc. State Treasurer State Of Michigan invested 0% in Tenet Healthcare Corporation (NYSE:THC). Deltec Asset Limited Liability Corp reported 10,500 shares. Caspian Cap LP holds 11.05% or 925,000 shares. Credit Agricole S A has invested 0% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Highbridge Capital Mgmt Ltd Com stated it has 0.09% of its portfolio in Tenet Healthcare Corporation (NYSE:THC). Pub Employees Retirement Systems Of Ohio reported 0% in Tenet Healthcare Corporation (NYSE:THC). 89,766 were reported by Deutsche Comml Bank Ag. Bessemer Group reported 0% stake. 705,791 were accumulated by Parametric Port Ltd Limited Liability Company.

Among 22 analysts covering Tenet Healthcare Corporation (NYSE:THC), 9 have Buy rating, 4 Sell and 9 Hold. Therefore 41% are positive. Tenet Healthcare Corporation had 71 analyst reports since July 21, 2015 according to SRatingsIntel. Jefferies maintained it with “Buy” rating and $2600 target in Thursday, June 1 report. The rating was initiated by Barclays Capital with “Overweight” on Thursday, September 10. Ladenburg Thalmann upgraded the stock to “Underperform” rating in Monday, June 13 report. The company was maintained on Monday, October 30 by Jefferies. The rating was downgraded by Mizuho on Thursday, October 22 to “Neutral”. On Wednesday, December 20 the stock rating was downgraded by Morgan Stanley to “Underweight”. As per Thursday, November 10, the company rating was downgraded by Raymond James. The company was initiated on Wednesday, June 7 by Morgan Stanley. The stock of Tenet Healthcare Corporation (NYSE:THC) earned “Neutral” rating by Credit Suisse on Wednesday, December 16. Susquehanna upgraded the shares of THC in report on Wednesday, April 13 to “Positive” rating.

Martin Currie Ltd, which manages about $1.30B US Long portfolio, upped its stake in Bank Montreal Que (NYSE:BMO) by 4,100 shares to 219,400 shares, valued at $16.46 million in 2017Q3, according to the filing. It also increased its holding in Epam Sys Inc (NYSE:EPAM) by 16,333 shares in the quarter, for a total of 377,917 shares, and has risen its stake in Southern Copper Corp (NYSE:SCCO).

Analysts await Ecolab Inc. (NYSE:ECL) to report earnings on February, 20. They expect $1.40 earnings per share, up 12.00% or $0.15 from last year’s $1.25 per share. ECL’s profit will be $404.48M for 24.59 P/E if the $1.40 EPS becomes a reality. After $1.37 actual earnings per share reported by Ecolab Inc. for the previous quarter, Wall Street now forecasts 2.19% EPS growth.

Since August 3, 2017, it had 1 insider buy, and 1 sale for $9.04 million activity. GATES WILLIAM H III bought $10.01 million worth of stock.

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