As Lannett Com (LCI) Share Price Declined, Holder Muhlenkamp & Co Has Trimmed Its Stake; As Red Hat Com (RHT) Share Price Rose, Baker Avenue Asset Management LP Lowered Its Holding by $2.09 Million

May 19, 2018 - By Linda Rogers

Red Hat, Inc. (NYSE:RHT) Logo

Baker Avenue Asset Management Lp decreased its stake in Red Hat Inc Com (RHT) by 89.68% based on its latest 2017Q4 regulatory filing with the SEC. Baker Avenue Asset Management Lp sold 17,383 shares as the company’s stock rose 25.63% while stock markets declined. The institutional investor held 2,000 shares of the technology company at the end of 2017Q4, valued at $240,000, down from 19,383 at the end of the previous reported quarter. Baker Avenue Asset Management Lp who had been investing in Red Hat Inc Com for a number of months, seems to be less bullish one the $29.01B market cap company. The stock increased 1.37% or $2.2 during the last trading session, reaching $163.28. About 1.84M shares traded or 0.70% up from the average. Red Hat, Inc. (NYSE:RHT) has risen 87.86% since May 19, 2017 and is uptrending. It has outperformed by 76.31% the S&P500.

Muhlenkamp & Co Inc decreased its stake in Lannett Inc Com (LCI) by 4.78% based on its latest 2017Q4 regulatory filing with the SEC. Muhlenkamp & Co Inc sold 21,739 shares as the company’s stock declined 38.88% with the market. The institutional investor held 433,134 shares of the major pharmaceuticals company at the end of 2017Q4, valued at $10.05 million, down from 454,873 at the end of the previous reported quarter. Muhlenkamp & Co Inc who had been investing in Lannett Inc Com for a number of months, seems to be less bullish one the $613.93 million market cap company. The stock decreased 0.31% or $0.05 during the last trading session, reaching $16.15. About 547,978 shares traded. Lannett Company, Inc. (NYSE:LCI) has declined 34.08% since May 19, 2017 and is downtrending. It has underperformed by 45.63% the S&P500.

Analysts await Red Hat, Inc. (NYSE:RHT) to report earnings on June, 19. They expect $0.49 EPS, up 22.50% or $0.09 from last year’s $0.4 per share. RHT’s profit will be $87.06 million for 83.31 P/E if the $0.49 EPS becomes a reality. After $0.73 actual EPS reported by Red Hat, Inc. for the previous quarter, Wall Street now forecasts -32.88% negative EPS growth.

Baker Avenue Asset Management Lp, which manages about $1.13B and $1.04B US Long portfolio, upped its stake in Ishares Msci Eafe Value Etf (EFV) by 13,702 shares to 423,299 shares, valued at $23.37M in 2017Q4, according to the filing. It also increased its holding in Qualcomm Inc Com (NASDAQ:QCOM) by 9,621 shares in the quarter, for a total of 220,859 shares, and has risen its stake in Vanguard Short (VCSH).

Among 40 analysts covering Red Hat (NYSE:RHT), 29 have Buy rating, 1 Sell and 10 Hold. Therefore 73% are positive. Red Hat had 135 analyst reports since August 25, 2015 according to SRatingsIntel. RBC Capital Markets maintained Red Hat, Inc. (NYSE:RHT) rating on Sunday, October 22. RBC Capital Markets has “Buy” rating and $121.0 target. The company was maintained on Tuesday, September 26 by BMO Capital Markets. Jefferies maintained the shares of RHT in report on Tuesday, June 20 with “Hold” rating. On Friday, March 23 the stock rating was maintained by BMO Capital Markets with “Market Perform”. The firm earned “Overweight” rating on Tuesday, September 26 by JP Morgan. The rating was maintained by Jefferies on Thursday, September 22 with “Hold”. The firm has “Buy” rating by Barclays Capital given on Wednesday, December 20. RBC Capital Markets maintained the stock with “Buy” rating in Wednesday, March 21 report. The company was maintained on Wednesday, June 21 by BMO Capital Markets. On Monday, September 25 the stock rating was maintained by Stifel Nicolaus with “Buy”.

Investors sentiment decreased to 1.12 in Q4 2017. Its down 0.11, from 1.23 in 2017Q3. It dropped, as 45 investors sold RHT shares while 179 reduced holdings. 92 funds opened positions while 159 raised stakes. 159.29 million shares or 1.06% more from 157.62 million shares in 2017Q3 were reported. Los Angeles Capital Mgmt And Equity Rech Inc invested in 3,298 shares or 0% of the stock. Cwm Limited Liability reported 0% in Red Hat, Inc. (NYSE:RHT). Inv Of America holds 52,150 shares. Toronto Dominion Comml Bank accumulated 76,250 shares. Switzerland-based Lombard Odier Asset Mgmt (Switzerland) Sa has invested 0.03% in Red Hat, Inc. (NYSE:RHT). Goldman Sachs Group Incorporated accumulated 0.05% or 1.84M shares. Alps Advsr invested in 0.01% or 8,825 shares. Ftb Advsr Inc holds 0% or 277 shares. Conning Inc reported 4,189 shares. State Of Alaska Department Of Revenue invested in 0.06% or 22,480 shares. Atlantic Tru Group Lc has 0.07% invested in Red Hat, Inc. (NYSE:RHT) for 135,102 shares. North Star Inv Mngmt invested 0.01% of its portfolio in Red Hat, Inc. (NYSE:RHT). Schroder Invest Gru reported 0.01% stake. Caxton Assoc LP has invested 0.03% of its portfolio in Red Hat, Inc. (NYSE:RHT). Janney Montgomery Scott Lc accumulated 2,223 shares or 0% of the stock.

Another recent and important Red Hat, Inc. (NYSE:RHT) news was published by Benzinga.com which published an article titled: “Nonprofit Fintech Organization Symphony Software Foundation Rebrands As FINOS” on April 24, 2018.

Among 11 analysts covering Lannett (NYSE:LCI), 6 have Buy rating, 1 Sell and 4 Hold. Therefore 55% are positive. Lannett had 30 analyst reports since July 21, 2015 according to SRatingsIntel. The firm has “Outperform” rating given on Wednesday, August 24 by Raymond James. Deutsche Bank maintained the shares of LCI in report on Monday, July 17 with “Hold” rating. The company was downgraded on Thursday, November 5 by Craig Hallum. The rating was maintained by TH Capital with “Buy” on Thursday, September 3. The stock of Lannett Company, Inc. (NYSE:LCI) earned “Hold” rating by Deutsche Bank on Wednesday, June 29. The company was maintained on Monday, November 13 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, August 27 by Craig Hallum. The stock has “Hold” rating by Oppenheimer on Wednesday, August 23. The stock has “Buy” rating by Roth Capital on Wednesday, February 7. The firm has “Buy” rating given on Thursday, September 3 by Roth Capital.

Since December 13, 2017, it had 2 insider purchases, and 2 sales for $152,090 activity. FARBER DAVID had sold 184 shares worth $5,520. $378,250 worth of Lannett Company, Inc. (NYSE:LCI) was bought by LEPORE PATRICK G on Friday, May 11.

Investors sentiment decreased to 1.38 in Q4 2017. Its down 0.10, from 1.48 in 2017Q3. It is negative, as 17 investors sold LCI shares while 44 reduced holdings. 35 funds opened positions while 49 raised stakes. 36.87 million shares or 33.49% more from 27.62 million shares in 2017Q3 were reported. Moreover, Northwestern Mutual Wealth Mgmt has 0% invested in Lannett Company, Inc. (NYSE:LCI) for 286 shares. Pinebridge Invests Lp reported 41,033 shares. Deutsche National Bank Ag invested in 0.01% or 415,219 shares. Bankshares Of Mellon Corp invested 0% of its portfolio in Lannett Company, Inc. (NYSE:LCI). Advsr Asset owns 540 shares or 0% of their US portfolio. Credit Suisse Ag has 36,018 shares. Teacher Retirement System Of Texas accumulated 9,610 shares. Quantbot Technology Lp holds 2,156 shares. Ontario – Canada-based Royal Fincl Bank Of Canada has invested 0% in Lannett Company, Inc. (NYSE:LCI). The New York-based Art Advsr Lc has invested 0.02% in Lannett Company, Inc. (NYSE:LCI). Pnc Financial Svcs Gru owns 0% invested in Lannett Company, Inc. (NYSE:LCI) for 1,356 shares. Telemus Capital Limited Liability Com holds 14.56% of its portfolio in Lannett Company, Inc. (NYSE:LCI) for 8.12 million shares. Sterling Ltd Liability Company reported 33,882 shares. Federated Investors Pa holds 0.01% in Lannett Company, Inc. (NYSE:LCI) or 108,237 shares. Employees Retirement Association Of Colorado invested in 7,027 shares or 0% of the stock.

Analysts await Lannett Company, Inc. (NYSE:LCI) to report earnings on August, 22. They expect $0.65 EPS, up 62.50% or $0.25 from last year’s $0.4 per share. LCI’s profit will be $24.71 million for 6.21 P/E if the $0.65 EPS becomes a reality. After $0.80 actual EPS reported by Lannett Company, Inc. for the previous quarter, Wall Street now forecasts -18.75% negative EPS growth.

Another recent and important Lannett Company, Inc. (NYSE:LCI) news was published by Streetinsider.com which published an article titled: “Gross Margin Pressures Lannett (LCI), PT To $20 – Deutsche Bank” on May 15, 2018.

Lannett Company, Inc. (NYSE:LCI) Institutional Positions Chart

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