Egerton Capital Uk Llp Stake in Hdfc Bank LTD (HDB) Cut by $36.27 Million; Globus Med (GMED) Valuation Rose While Van Berkom & Associates Lowered Holding

June 18, 2018 - By Vivian Park

HDFC Bank Limited (NYSE:HDB) Logo

John Armitage decreased its stake in Hdfc Bank Ltd (HDB) by 18.04% based on its latest 2018Q1 regulatory filing with the SEC. Egerton Capital Uk Llp sold 370,147 shares as the company’s stock declined 3.14% with the market. The hedge fund run by John Armitage held 1.68M shares of the commercial banks company at the end of 2018Q1, valued at $166.13 million, down from 2.05 million at the end of the previous reported quarter. Egerton Capital Uk Llp who had been investing in Hdfc Bank Ltd for a number of months, seems to be less bullish one the $79.73B market cap company. The stock increased 0.94% or $0.96 during the last trading session, reaching $102.92. About 220,266 shares traded. HDFC Bank Limited (NYSE:HDB) has risen 11.82% since June 18, 2017 and is uptrending. It has underperformed by 0.75% the S&P500. Some Historical HDB News: 30/04/2018 – HDFC APPROVES RAISING UP TO INR850B VIA DEBENTURES; 24/04/2018 – HDFC TO CONSIDER INCREASE IN BORROWING POWERS IN APRIL 30 MEET; 19/03/2018 – CORRECT: BARINGS, HDFC FINAL BIDDERS FOR CAN FIN HOMES: TOI; 04/05/2018 – RAJ OIL MILLS LTD RAJS.NS – SRA APPROVES TRANSFER OF FUNDS FROM ESCROW ACCOUNT WITH HDFC BANK TO CURRENT BANK ACCOUNT OF CO; 14/03/2018 – MEDIA-India’s HDFC eyes Canara Bank’s 30 pct stake in Can Fin Homes – Times of India; 14/05/2018 – Nissay Adds HDFC Bank, Cuts Ctrip, Buys More Amazon: 13F; 13/03/2018 – Standard Life Investments to Sell Stake in HDFC Asset Management; 25/05/2018 – MAHINDRA HOLIDAYS AND RESORTS INDIA LTD MAHH.NS SAYS HDFC MUTUAL FUND RAISES STAKE IN CO BY 2.01 PCT TO 7.34 PCT; 21/04/2018 – HDFC BANK GROSS NPA 1.3% END MARCH VS 1.29% END DECEMBER; 19/03/2018 – HDFC AMC COMMENTS ON SHARE PLACEMENT PLAN VIA DRHP FILED MAR.14

Van Berkom & Associates Inc decreased its stake in Globus Med Inc (GMED) by 8.66% based on its latest 2018Q1 regulatory filing with the SEC. Van Berkom & Associates Inc sold 131,416 shares as the company’s stock rose 14.73% while stock markets declined. The institutional investor held 1.39M shares of the health care company at the end of 2018Q1, valued at $69.04M, down from 1.52 million at the end of the previous reported quarter. Van Berkom & Associates Inc who had been investing in Globus Med Inc for a number of months, seems to be less bullish one the $5.27B market cap company. The stock decreased 1.17% or $0.64 during the last trading session, reaching $54.21. About 179,286 shares traded. Globus Medical, Inc. (NYSE:GMED) has risen 75.85% since June 18, 2017 and is uptrending. It has outperformed by 63.28% the S&P500. Some Historical GMED News: 12/03/2018 – globus medical inc. | sp-fix® spinous process fixation plate, | K180156 | 03/07/2018 |; 02/05/2018 – GLOBUS MEDICAL SEES FY SALES $695M, EST. $691.0M; 15/05/2018 – GLOBUS MEDICAL: POSITIVE RESULTS FOR DISC-DISEASE TREATMENT; 12/03/2018 – globus medical, inc. | alvue balloon dilation system | K171939 | 03/07/2018 |; 06/03/2018 – Globus Medical Enters Trauma Market; 06/03/2018 Fovia combines XStream® HDVR® with Robotic Guidance and Navigation to Optimize Patient Care; 30/05/2018 – Globus Medical Rises for 11 Days: Longest Streak Since IPO; 10/05/2018 – Globus Medical Announces Corporate Alliance Partnership with the Society of Lateral Access Surgery; 15/05/2018 – GLOBUS MEDICAL INC – SIGNIFICANT DIFFERENCES IN RATE OF IMPLANT SUBSIDENCE WERE OBSERVED IN BOTH GROUPS; 15/05/2018 – GLOBUS MEDICAL INC – RADIOGRAPHIC EVIDENCE CONFIRMED SOLID FUSION WAS ACHIEVED IN 100% OF LEVELS TREATED IN BOTH GROUPS

More news for HDFC Bank Limited (NYSE:HDB) were recently published by: Nasdaq.com, which released: “New Research: Key Drivers of Growth for Klondex Mines, Sogou Inc., Nokia, HDFC Bank, Crescent Point Energy, and …” on June 08, 2018. Finance.Yahoo.com‘s article titled: “Stocks- Wall Street Inches Up Ahead of Fed Meeting” and published on June 13, 2018 is yet another important article.

Egerton Capital Uk Llp, which manages about $14.07 billion and $12.29 billion US Long portfolio, upped its stake in Electronic Arts Inc (NASDAQ:EA) by 492,389 shares to 2.25 million shares, valued at $272.51 million in 2018Q1, according to the filing. It also increased its holding in Canadian Pac Ry Ltd (NYSE:CP) by 708,706 shares in the quarter, for a total of 2.24 million shares, and has risen its stake in Southwest Airls Co (NYSE:LUV).

Among 3 analysts covering HDFC Bank Limited (NYSE:HDB), 1 have Buy rating, 0 Sell and 2 Hold. Therefore 33% are positive. HDFC Bank Limited had 5 analyst reports since August 27, 2015 according to SRatingsIntel. Goldman Sachs maintained the shares of HDB in report on Wednesday, September 14 with “Buy” rating. As per Wednesday, September 2, the company rating was downgraded by Zacks. The firm has “Hold” rating by Zacks given on Monday, September 21. On Thursday, August 27 the stock rating was downgraded by Zacks to “Hold”. The firm has “Equal-Weight” rating given on Tuesday, March 21 by Morgan Stanley.

Investors sentiment increased to 1.06 in 2018 Q1. Its up 0.07, from 0.99 in 2017Q4. It improved, as 25 investors sold GMED shares while 87 reduced holdings. 51 funds opened positions while 68 raised stakes. 58.48 million shares or 2.35% less from 59.89 million shares in 2017Q4 were reported. Schroder Grp Inc holds 0.01% in Globus Medical, Inc. (NYSE:GMED) or 104,900 shares. Godshalk Welsh Capital Mngmt owns 57,739 shares. Meritage Portfolio Mgmt invested 0.78% of its portfolio in Globus Medical, Inc. (NYSE:GMED). Van Berkom & Assoc accumulated 1.39M shares or 2.09% of the stock. Cubist Systematic Strategies Lc holds 20,374 shares or 0.06% of its portfolio. Jpmorgan Chase & stated it has 0% of its portfolio in Globus Medical, Inc. (NYSE:GMED). Mason Street Advsrs Limited Company holds 36,409 shares. Nordea Invest Management Ab has invested 0.01% in Globus Medical, Inc. (NYSE:GMED). First Light Asset Limited Liability Corporation reported 179,264 shares. Macquarie Grp Ltd has invested 0% in Globus Medical, Inc. (NYSE:GMED). Arizona State Retirement Sys has 0.02% invested in Globus Medical, Inc. (NYSE:GMED) for 49,078 shares. Louisiana State Employees Retirement has 0.04% invested in Globus Medical, Inc. (NYSE:GMED) for 19,000 shares. Renaissance Grp Inc Ltd Liability holds 10,141 shares or 0.02% of its portfolio. Millrace Asset Gru, Pennsylvania-based fund reported 14,500 shares. Sei Invs holds 0.01% in Globus Medical, Inc. (NYSE:GMED) or 37,865 shares.

Analysts await Globus Medical, Inc. (NYSE:GMED) to report earnings on August, 1. They expect $0.35 EPS, up 9.37% or $0.03 from last year’s $0.32 per share. GMED’s profit will be $34.01M for 38.72 P/E if the $0.35 EPS becomes a reality. After $0.41 actual EPS reported by Globus Medical, Inc. for the previous quarter, Wall Street now forecasts -14.63% negative EPS growth.

More important recent Globus Medical, Inc. (NYSE:GMED) news were published by: Globenewswire.com which released: “Globus Medical Launches Cement Augmented Pedicle Screw System” on June 13, 2018, also Seekingalpha.com published article titled: “Premarket analyst action – healthcare”, Seekingalpha.com published: “Globus Medical Is Gaining Share In Its Mainstay Market” on June 01, 2018. More interesting news about Globus Medical, Inc. (NYSE:GMED) was released by: Investorplace.com and their article: “5 AI Biotech Stocks to Bet On Now” with publication date: June 14, 2018.

Van Berkom & Associates Inc, which manages about $3.36 billion and $3.30B US Long portfolio, upped its stake in Primoris Svcs Corp (NASDAQ:PRIM) by 661,497 shares to 2.71 million shares, valued at $67.80M in 2018Q1, according to the filing. It also increased its holding in Thor Inds Inc (NYSE:THO) by 11,793 shares in the quarter, for a total of 371,739 shares, and has risen its stake in Sothebys (NYSE:BID).

Among 16 analysts covering Globus Medical Inc (NYSE:GMED), 10 have Buy rating, 2 Sell and 4 Hold. Therefore 63% are positive. Globus Medical Inc had 53 analyst reports since August 3, 2015 according to SRatingsIntel. Oppenheimer downgraded the stock to “Perform” rating in Wednesday, November 9 report. The rating was maintained by Oppenheimer on Wednesday, August 30 with “Hold”. The stock of Globus Medical, Inc. (NYSE:GMED) has “Buy” rating given on Monday, December 4 by Wells Fargo. The rating was maintained by Oppenheimer on Thursday, March 23 with “Hold”. The rating was initiated by Aegis Capital with “Buy” on Wednesday, November 30. The stock has “Buy” rating by Piper Jaffray on Tuesday, January 2. The company was maintained on Thursday, May 3 by Morgan Stanley. The firm earned “Buy” rating on Friday, May 5 by Canaccord Genuity. As per Wednesday, July 27, the company rating was downgraded by Leerink Swann. The stock has “Buy” rating by Needham on Wednesday, April 4.

Globus Medical, Inc. (NYSE:GMED) Institutional Positions Chart

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