Highfields Capital Management LP Holding in Apollo Global Mgmt (APO) Cut as Valuation Declined; Argent Trust Company Position in Amerisourcebergen (ABC) Decreased by $307,125

April 18, 2018 - By Michael Collier

Apollo Global Management, LLC (NYSE:APO) Logo

Deepak Gulati decreased its stake in Amerisourcebergen Corp (ABC) by 17.81% based on its latest 2017Q4 regulatory filing with the SEC. Argent Trust Company sold 3,375 shares as the company’s stock declined 9.14% with the market. The hedge fund run by Deepak Gulati held 15,579 shares of the other pharmaceuticals company at the end of 2017Q4, valued at $1.43M, down from 18,954 at the end of the previous reported quarter. Argent Trust Company who had been investing in Amerisourcebergen Corp for a number of months, seems to be less bullish one the $20.00B market cap company. The stock increased 2.56% or $2.27 during the last trading session, reaching $91.04. About 2.83M shares traded or 32.66% up from the average. AmerisourceBergen Corporation (NYSE:ABC) has declined 3.97% since April 18, 2017 and is downtrending. It has underperformed by 15.52% the S&P500.

Jonathon Jacobson decreased its stake in Apollo Global Mgmt Llc (APO) by 56.69% based on its latest 2017Q4 regulatory filing with the SEC. Highfields Capital Management Lp sold 414,059 shares as the company’s stock declined 11.11% with the market. The hedge fund run by Jonathon Jacobson held 316,346 shares of the finance company at the end of 2017Q4, valued at $10.59M, down from 730,405 at the end of the previous reported quarter. Highfields Capital Management Lp who had been investing in Apollo Global Mgmt Llc for a number of months, seems to be less bullish one the $12.05 billion market cap company. The stock increased 0.48% or $0.14 during the last trading session, reaching $29.44. About 915,057 shares traded. Apollo Global Management, LLC (NYSE:APO) has risen 28.97% since April 18, 2017 and is uptrending. It has outperformed by 17.42% the S&P500.

Among 20 analysts covering AmerisourceBergen (NYSE:ABC), 12 have Buy rating, 0 Sell and 8 Hold. Therefore 60% are positive. AmerisourceBergen had 74 analyst reports since July 27, 2015 according to SRatingsIntel. As per Tuesday, January 17, the company rating was upgraded by Leerink Swann. The rating was maintained by RBC Capital Markets on Monday, April 2 with “Hold”. The stock of AmerisourceBergen Corporation (NYSE:ABC) has “Neutral” rating given on Thursday, August 11 by Mizuho. Jefferies maintained AmerisourceBergen Corporation (NYSE:ABC) rating on Thursday, July 27. Jefferies has “Hold” rating and $9500 target. As per Wednesday, June 21, the company rating was maintained by Jefferies. The rating was maintained by FBR Capital with “Mkt Perform” on Friday, May 6. As per Monday, November 6, the company rating was maintained by Robert W. Baird. On Tuesday, August 29 the stock rating was maintained by Jefferies with “Hold”. The stock has “Buy” rating by Needham on Wednesday, November 22. RBC Capital Markets maintained AmerisourceBergen Corporation (NYSE:ABC) on Friday, May 6 with “Outperform” rating.

Analysts await AmerisourceBergen Corporation (NYSE:ABC) to report earnings on May, 2 before the open. They expect $1.80 earnings per share, up 1.69% or $0.03 from last year’s $1.77 per share. ABC’s profit will be $395.41M for 12.64 P/E if the $1.80 EPS becomes a reality. After $1.55 actual earnings per share reported by AmerisourceBergen Corporation for the previous quarter, Wall Street now forecasts 16.13% EPS growth.

Investors sentiment is 1.22 in 2017 Q4. Its the same as in 2017Q3. It is without change, as 27 investors sold APO shares while 45 reduced holdings. only 36 funds opened positions while 52 raised stakes. 133.07 million shares or 0.56% less from 133.81 million shares in 2017Q3 were reported. Baldwin Brothers Ma, Massachusetts-based fund reported 15,900 shares. Hollencrest Mgmt holds 13,973 shares. New Mountain Vantage Advisers Ltd Liability Corp accumulated 2.5% or 984,953 shares. Ameriprise Fincl holds 985,885 shares or 0.02% of its portfolio. Moreover, First Allied Advisory Incorporated has 0.04% invested in Apollo Global Management, LLC (NYSE:APO). Jpmorgan Chase reported 0.03% of its portfolio in Apollo Global Management, LLC (NYSE:APO). Suntrust Banks stated it has 0% in Apollo Global Management, LLC (NYSE:APO). American Registered Investment Advisor reported 23,540 shares or 0.38% of all its holdings. Northern Tru reported 7,538 shares. Gator Limited Com accumulated 14,100 shares or 0.45% of the stock. Greenwich Inv Mngmt Inc owns 77,708 shares. Manufacturers Life Ins The invested 0% in Apollo Global Management, LLC (NYSE:APO). Evanston Investments Incorporated Dba Evanston has 0.08% invested in Apollo Global Management, LLC (NYSE:APO) for 10,000 shares. Winfield Associate Inc holds 0.01% or 350 shares. 106 are held by Kistler.

Among 16 analysts covering Apollo Global Management (NYSE:APO), 13 have Buy rating, 0 Sell and 3 Hold. Therefore 81% are positive. Apollo Global Management had 64 analyst reports since July 30, 2015 according to SRatingsIntel. The rating was maintained by Morgan Stanley on Tuesday, August 8 with “Equal-Weight”. Keefe Bruyette & Woods maintained the shares of APO in report on Wednesday, April 11 with “Buy” rating. Morgan Stanley maintained the shares of APO in report on Thursday, October 5 with “Equal-Weight” rating. Argus Research maintained it with “Buy” rating and $23 target in Thursday, October 29 report. On Friday, January 8 the stock rating was maintained by Deutsche Bank with “Hold”. The rating was maintained by Jefferies on Thursday, January 11 with “Buy”. RBC Capital Markets maintained the stock with “Sector Perform” rating in Tuesday, May 24 report. Credit Suisse maintained it with “Neutral” rating and $31 target in Thursday, August 3 report. The firm has “Outperform” rating by Wells Fargo given on Monday, February 6. As per Monday, October 26, the company rating was maintained by RBC Capital Markets.

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