Marathon Asset Management Llp Trimmed Its Position in Baxter International (BAX) by $2.67 Million; Ancient Art LP Has Lowered Its Amerco (UHAL) Stake by $19.78 Million; Share Value Declined

May 17, 2018 - By Darrin Black

Baxter International Inc. (NYSE:BAX) Logo

Bruce J. Richards decreased its stake in Baxter International Inc (BAX) by 7% based on its latest 2017Q4 regulatory filing with the SEC. Marathon Asset Management Llp sold 41,778 shares as the company’s stock rose 0.23% while stock markets declined. The hedge fund run by Bruce J. Richards held 555,385 shares of the medical and dental instruments company at the end of 2017Q4, valued at $35.98 million, down from 597,163 at the end of the previous reported quarter. Marathon Asset Management Llp who had been investing in Baxter International Inc for a number of months, seems to be less bullish one the $37.83 billion market cap company. The stock decreased 0.14% or $0.1 during the last trading session, reaching $70.64. About 2.29 million shares traded. Baxter International Inc. (NYSE:BAX) has risen 25.16% since May 17, 2017 and is uptrending. It has outperformed by 13.61% the S&P500.

Quincy Lee decreased its stake in Amerco (UHAL) by 58.34% based on its latest 2017Q4 regulatory filing with the SEC. Ancient Art Lp sold 52,460 shares as the company’s stock declined 9.81% with the market. The hedge fund run by Quincy Lee held 37,454 shares of the rental and leasing company at the end of 2017Q4, valued at $14.15 million, down from 89,914 at the end of the previous reported quarter. Ancient Art Lp who had been investing in Amerco for a number of months, seems to be less bullish one the $6.94 billion market cap company. The stock decreased 0.11% or $0.39 during the last trading session, reaching $353.96. About 78,969 shares traded or 18.09% up from the average. AMERCO (NASDAQ:UHAL) has declined 10.74% since May 17, 2017 and is downtrending. It has underperformed by 22.29% the S&P500.

Since March 2, 2018, it had 0 insider purchases, and 5 selling transactions for $5.13 million activity. On Friday, March 2 Shapazian Carole J sold $329,590 worth of Baxter International Inc. (NYSE:BAX) or 4,990 shares. 47,959 Baxter International Inc. (NYSE:BAX) shares with value of $3.10M were sold by STORM KORNELIS J.. $243,408 worth of Baxter International Inc. (NYSE:BAX) was sold by HELLMAN PETER S. The insider STROUCKEN ALBERT P L sold 3,760 shares worth $243,443.

Analysts await Baxter International Inc. (NYSE:BAX) to report earnings on July, 25. They expect $0.71 earnings per share, up 12.70% or $0.08 from last year’s $0.63 per share. BAX’s profit will be $380.20M for 24.87 P/E if the $0.71 EPS becomes a reality. After $0.70 actual earnings per share reported by Baxter International Inc. for the previous quarter, Wall Street now forecasts 1.43% EPS growth.

More notable recent Baxter International Inc. (NYSE:BAX) news were published by: Streetinsider.com which released: “Loeb’s Third Point LLC Enters Adobe (ADBE), EA (EA), Wynn (WYN) (more…) – 13F” on May 15, 2018, also Seekingalpha.com with their article: “Premarket analyst action – healthcare” published on May 17, 2018, Streetinsider.com published: “Baxter (BAX) Announces US FDA Clearance of New Spectrum IQ Infusion System” on May 14, 2018. More interesting news about Baxter International Inc. (NYSE:BAX) were released by: 247Wallst.com and their article: “Top Analyst Upgrades and Downgrades: AIG, Baxter, Cisco, Eiger Bio, Energy Transfer, Juniper, NOV, Phillips 66 …” published on May 17, 2018 as well as Seekingalpha.com‘s news article titled: “Baxter Is Quickly Rebuilding Its Solid Dividend” with publication date: May 17, 2018.

Investors sentiment is 0.97 in Q4 2017. Its the same as in 2017Q3. It is without change, as 32 investors sold BAX shares while 311 reduced holdings. only 81 funds opened positions while 250 raised stakes. 441.20 million shares or 0.32% more from 439.80 million shares in 2017Q3 were reported. Rothschild Investment Il has invested 0.13% of its portfolio in Baxter International Inc. (NYSE:BAX). Winslow Capital Ltd Liability Com owns 0.99% invested in Baxter International Inc. (NYSE:BAX) for 2.76M shares. New Mexico Educational Retirement Board holds 0.12% of its portfolio in Baxter International Inc. (NYSE:BAX) for 48,161 shares. Invesco Limited invested 0.16% of its portfolio in Baxter International Inc. (NYSE:BAX). Washington Retail Bank stated it has 543 shares or 0.01% of all its holdings. Gargoyle Investment Advisor Lc reported 1.63% in Baxter International Inc. (NYSE:BAX). 1,293 were accumulated by Tarbox Family Office. Howe And Rusling stated it has 3,140 shares. Intact Invest Mngmt reported 3,500 shares stake. Northwestern Mutual Wealth Mgmt reported 50,784 shares. Farmers Merchants holds 0.16% in Baxter International Inc. (NYSE:BAX) or 33,042 shares. Wealthfront holds 0.01% of its portfolio in Baxter International Inc. (NYSE:BAX) for 15,516 shares. Shamrock Asset Mngmt Lc stated it has 0.02% in Baxter International Inc. (NYSE:BAX). Fny Managed Accounts Llc invested 0% in Baxter International Inc. (NYSE:BAX). Girard Prtnrs Ltd invested in 0.09% or 7,100 shares.

Marathon Asset Management Llp, which manages about $50.94B and $6.49B US Long portfolio, upped its stake in Oracle Corp (NYSE:ORCL) by 176,090 shares to 4.49M shares, valued at $212.51M in 2017Q4, according to the filing. It also increased its holding in American Express Co (NYSE:AXP) by 15,163 shares in the quarter, for a total of 940,294 shares, and has risen its stake in Procter & Gamble (NYSE:PG).

Among 21 analysts covering Baxter International (NYSE:BAX), 12 have Buy rating, 0 Sell and 9 Hold. Therefore 57% are positive. Baxter International had 59 analyst reports since July 30, 2015 according to SRatingsIntel. The firm has “Neutral” rating by Credit Suisse given on Monday, April 25. The firm has “Sector Perform” rating by RBC Capital Markets given on Wednesday, October 26. On Wednesday, October 11 the stock rating was maintained by BMO Capital Markets with “Buy”. The firm has “Market Perform” rating given on Wednesday, October 28 by Leerink Swann. RBC Capital Markets maintained the shares of BAX in report on Wednesday, November 22 with “Hold” rating. Leerink Swann upgraded the stock to “Outperform” rating in Tuesday, April 4 report. Citigroup maintained it with “Neutral” rating and $70 target in Tuesday, February 6 report. Barclays Capital maintained it with “Overweight” rating and $77 target in Friday, February 2 report. The stock of Baxter International Inc. (NYSE:BAX) earned “Outperform” rating by BMO Capital Markets on Tuesday, July 11. S&P Research downgraded Baxter International Inc. (NYSE:BAX) rating on Friday, July 31. S&P Research has “Hold” rating and $42 target.

Analysts await AMERCO (NASDAQ:UHAL) to report earnings on May, 23. They expect $0.66 earnings per share, up 34.69% or $0.17 from last year’s $0.49 per share. UHAL’s profit will be $12.94 million for 134.08 P/E if the $0.66 EPS becomes a reality. After $2.34 actual earnings per share reported by AMERCO for the previous quarter, Wall Street now forecasts -71.79% negative EPS growth.

Since December 18, 2017, it had 0 insider buys, and 1 sale for $76,232 activity.

Among 2 analysts covering AMERCO (NASDAQ:UHAL), 1 have Buy rating, 0 Sell and 1 Hold. Therefore 50% are positive. AMERCO had 2 analyst reports since August 5, 2016 according to SRatingsIntel. The company was reinitiated on Friday, April 6 by C.L. King. On Friday, August 5 the stock rating was downgraded by CL King to “Buy”.

Baxter International Inc. (NYSE:BAX) Institutional Positions Chart

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