Brookside Capital Management Has Trimmed Its Position in Meridian Bancorp Md (EBSB) as Stock Price Declined; As Accerlerate Diagnostics (AXDX) Valuation Declined, Holder Selkirk Management Trimmed Stake by $2.04 Million

May 25, 2018 - By Marguerite Chambers

Accelerate Diagnostics, Inc. (NASDAQ:AXDX) Logo

Selkirk Management Llc decreased its stake in Accerlerate Diagnostics Inc (AXDX) by 17.83% based on its latest 2017Q4 regulatory filing with the SEC. Selkirk Management Llc sold 78,450 shares as the company’s stock declined 17.34% with the market. The hedge fund held 361,550 shares of the capital goods company at the end of 2017Q4, valued at $9.47M, down from 440,000 at the end of the previous reported quarter. Selkirk Management Llc who had been investing in Accerlerate Diagnostics Inc for a number of months, seems to be less bullish one the $1.10 billion market cap company. The stock decreased 2.62% or $0.55 during the last trading session, reaching $20.45. About 140,585 shares traded. Accelerate Diagnostics, Inc. (NASDAQ:AXDX) has declined 0.88% since May 25, 2017 and is downtrending. It has underperformed by 12.43% the S&P500.

Bain Capital decreased its stake in Meridian Bancorp Inc Md (EBSB) by 7.11% based on its latest 2017Q4 regulatory filing with the SEC. Brookside Capital Management Llc sold 15,240 shares as the company’s stock declined 4.33% with the market. The hedge fund run by Bain Capital held 199,021 shares of the finance company at the end of 2017Q4, valued at $4.10 million, down from 214,261 at the end of the previous reported quarter. Brookside Capital Management Llc who had been investing in Meridian Bancorp Inc Md for a number of months, seems to be less bullish one the $946.11 million market cap company. The stock decreased 0.51% or $0.1 during the last trading session, reaching $19.4. About 257,934 shares traded or 20.73% up from the average. Meridian Bancorp, Inc. (NASDAQ:EBSB) has risen 9.34% since May 25, 2017 and is uptrending. It has underperformed by 2.21% the S&P500.

Selkirk Management Llc, which manages about $168.83M and $187.30M US Long portfolio, upped its stake in Chegg Inc (NYSE:CHGG) by 60,000 shares to 328,000 shares, valued at $5.35M in 2017Q4, according to the filing.

Analysts await Accelerate Diagnostics, Inc. (NASDAQ:AXDX) to report earnings on August, 2. They expect $-0.37 earnings per share, down 19.35% or $0.06 from last year’s $-0.31 per share. After $-0.37 actual earnings per share reported by Accelerate Diagnostics, Inc. for the previous quarter, Wall Street now forecasts 0.00% EPS growth.

Since February 20, 2018, it had 7 insider buys, and 0 selling transactions for $4.73 million activity.

Among 5 analysts covering Accelerate Diagnostics (NASDAQ:AXDX), 3 have Buy rating, 0 Sell and 2 Hold. Therefore 60% are positive. Accelerate Diagnostics had 10 analyst reports since August 25, 2015 according to SRatingsIntel. On Tuesday, August 9 the stock rating was maintained by JP Morgan with “Overweight”. William Blair initiated the shares of AXDX in report on Friday, January 8 with “Outperform” rating. Piper Jaffray maintained Accelerate Diagnostics, Inc. (NASDAQ:AXDX) rating on Sunday, September 17. Piper Jaffray has “Buy” rating and $32.0 target. BTIG Research downgraded Accelerate Diagnostics, Inc. (NASDAQ:AXDX) on Wednesday, December 13 to “Neutral” rating. As per Thursday, August 3, the company rating was maintained by Piper Jaffray. The company was upgraded on Tuesday, August 25 by BTIG Research. BTIG Research reinitiated the shares of AXDX in report on Wednesday, July 12 with “Buy” rating. The rating was initiated by JP Morgan with “Overweight” on Thursday, March 24. On Wednesday, December 16 the stock rating was initiated by Piper Jaffray with “Overweight”.

More recent Accelerate Diagnostics, Inc. (NASDAQ:AXDX) news were published by: Nasdaq.com which released: “Report: Developing Opportunities within US Ecology, Universal Health Realty Income Trust, Accelerate Diagnostics …” on May 04, 2018. Also Nasdaq.com published the news titled: “Accelerate Diagnostics to Review First Quarter 2018 Results on May 9th” on April 30, 2018. Seekingalpha.com‘s news article titled: “Premarket analyst action – healthcare” with publication date: May 24, 2018 was also an interesting one.

Investors sentiment decreased to 0.81 in Q4 2017. Its down 0.82, from 1.63 in 2017Q3. It dived, as 21 investors sold AXDX shares while 32 reduced holdings. 15 funds opened positions while 28 raised stakes. 19.90 million shares or 6.66% less from 21.32 million shares in 2017Q3 were reported. First Republic Invest Management reported 608,600 shares. 10,840 are held by Fairfield Bush Com. Schwab Charles Mngmt holds 128,814 shares. Price T Rowe Associates Md reported 0% stake. Great West Life Assurance Can, a Manitoba – Canada-based fund reported 2,080 shares. Cypress Cap Mgmt Limited Liability Company (Wy) stated it has 0.01% in Accelerate Diagnostics, Inc. (NASDAQ:AXDX). Teacher Retirement Of Texas reported 11,157 shares stake. Principal Grp reported 0% in Accelerate Diagnostics, Inc. (NASDAQ:AXDX). Gilder Gagnon Howe holds 61,420 shares. Albion Gp Ut owns 0.23% invested in Accelerate Diagnostics, Inc. (NASDAQ:AXDX) for 56,978 shares. Chartist Inc Ca has invested 0.75% in Accelerate Diagnostics, Inc. (NASDAQ:AXDX). Prelude Capital Mngmt Limited Liability Corp reported 98 shares. Bokf Na holds 0.01% or 10,384 shares in its portfolio. Morgan Stanley holds 255,571 shares or 0% of its portfolio. Gsa Prns Llp accumulated 0.04% or 27,600 shares.

Brookside Capital Management Llc, which manages about $1.39 billion US Long portfolio, upped its stake in Mulesoft Inc by 513,336 shares to 1.40 million shares, valued at $32.66 million in 2017Q4, according to the filing. It also increased its holding in Autozone Inc (NYSE:AZO) by 32,223 shares in the quarter, for a total of 47,249 shares, and has risen its stake in Vertex Pharmaceuticals Inc (NASDAQ:VRTX).

Among 4 analysts covering Meridian Interstate Bancorp (NASDAQ:EBSB), 1 have Buy rating, 0 Sell and 3 Hold. Therefore 25% are positive. Meridian Interstate Bancorp had 12 analyst reports since September 30, 2015 according to SRatingsIntel. Piper Jaffray maintained the shares of EBSB in report on Tuesday, October 31 with “Hold” rating. On Thursday, August 31 the stock rating was maintained by Keefe Bruyette & Woods with “Hold”. The firm has “Hold” rating given on Thursday, December 21 by Keefe Bruyette & Woods. The firm earned “Market Perform” rating on Wednesday, September 30 by Hovde Group. Hovde Group maintained the shares of EBSB in report on Wednesday, January 24 with “Hold” rating. The rating was maintained by Keefe Bruyette & Woods with “Hold” on Wednesday, January 24. The stock has “Hold” rating by Piper Jaffray on Tuesday, July 25. The company was downgraded on Friday, November 18 by Compass Point. The firm has “Buy” rating given on Monday, June 26 by Compass Point. Keefe Bruyette & Woods maintained it with “Hold” rating and $22.0 target in Monday, February 26 report.

Analysts await Meridian Bancorp, Inc. (NASDAQ:EBSB) to report earnings on July, 24. They expect $0.26 earnings per share, up 18.18% or $0.04 from last year’s $0.22 per share. EBSB’s profit will be $12.68 million for 18.65 P/E if the $0.26 EPS becomes a reality. After $0.23 actual earnings per share reported by Meridian Bancorp, Inc. for the previous quarter, Wall Street now forecasts 13.04% EPS growth.

Another recent and important Meridian Bancorp, Inc. (NASDAQ:EBSB) news was published by Globenewswire.com which published an article titled: “Factors of Influence in 2018, Key Indicators and Opportunity within South Jersey Industries, SITO Mobile, Ormat …” on May 21, 2018.

Investors sentiment decreased to 1.13 in 2017 Q4. Its down 0.53, from 1.66 in 2017Q3. It dropped, as 12 investors sold EBSB shares while 44 reduced holdings. 21 funds opened positions while 42 raised stakes. 35.32 million shares or 0.83% more from 35.02 million shares in 2017Q3 were reported. 147,606 are owned by Financial Bank Of America Corp De. Nbw Capital Ltd Liability Corp has 95,145 shares. Stone Ridge Asset Ltd Liability Corp stated it has 0.02% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Clarivest Asset Management Ltd Limited Liability Company has 176,056 shares for 0.06% of their portfolio. The Tennessee-based Ftb Inc has invested 0% in Meridian Bancorp, Inc. (NASDAQ:EBSB). 45,870 were accumulated by Emerald Mutual Fund Advisers Trust. Dimensional Fund Advsrs LP holds 0.02% in Meridian Bancorp, Inc. (NASDAQ:EBSB) or 2.50 million shares. Deutsche Bancorporation Ag owns 177,838 shares. Regions Corporation reported 2,203 shares. Wells Fargo Mn stated it has 0% of its portfolio in Meridian Bancorp, Inc. (NASDAQ:EBSB). Thomson Horstmann & Bryant invested in 320,809 shares or 0.87% of the stock. Morgan Stanley invested in 0% or 122,174 shares. Royal Bancshares Of Canada owns 0% invested in Meridian Bancorp, Inc. (NASDAQ:EBSB) for 10,175 shares. Parallax Volatility Advisers Ltd Partnership holds 0% or 7,308 shares in its portfolio. Bnp Paribas Arbitrage Sa accumulated 0% or 56,127 shares.

Meridian Bancorp, Inc. (NASDAQ:EBSB) Ratings Chart

Receive News & Ratings Via Email - Enter your email address below to receive a concise daily summary of the latest news and analysts' ratings with our FREE daily email newsletter.

By

Free Email Newsletter

Enter your email address below to get the latest news and analysts' ratings for your stocks with our FREE daily email newsletter:


Recent Market News

>