Pfizer (PFE) Holder Pzena Investment Management Upped Its Position by $58.66 Million; Water Island Capital Has Upped Straight Path Communicatns I (STRP) Holding by $23.87 Million

February 15, 2018 - By Louis Casey

Richard S. Pzena increased its stake in Pfizer Inc (PFE) by 71.86% based on its latest 2017Q3 regulatory filing with the SEC. Pzena Investment Management Llc bought 1.68 million shares as the company’s stock declined 3.45% while stock markets rallied. The hedge fund run by Richard S. Pzena held 4.01 million shares of the health care company at the end of 2017Q3, valued at $143.10 million, up from 2.33 million at the end of the previous reported quarter. Pzena Investment Management Llc who had been investing in Pfizer Inc for a number of months, seems to be bullish on the $211.78B market cap company. The stock increased 0.97% or $0.34 during the last trading session, reaching $35.53. About 12.13 million shares traded. Pfizer Inc. (NYSE:PFE) has declined 2.76% since February 15, 2017 and is downtrending. It has underperformed by 19.46% the S&P500.

John Orrico increased its stake in Straight Path Communicatns I (STRP) by 103.42% based on its latest 2017Q3 regulatory filing with the SEC. Water Island Capital Llc bought 132,618 shares as the company’s stock rose 414.53% with the market. The hedge fund run by John Orrico held 260,846 shares of the telecommunications equipment company at the end of 2017Q3, valued at $47.13 million, up from 128,228 at the end of the previous reported quarter. Water Island Capital Llc who had been investing in Straight Path Communicatns I for a number of months, seems to be bullish on the $2.34 billion market cap company. The stock increased 0.07% or $0.12 during the last trading session, reaching $183.27. About 52,286 shares traded. Straight Path Communications Inc. (NYSEMKT:STRP) has risen 435.39% since February 15, 2017 and is uptrending. It has outperformed by 418.69% the S&P500.

Since August 21, 2017, it had 0 insider purchases, and 8 selling transactions for $12.56 million activity. Another trade for 94,409 shares valued at $3.21M was sold by DAMELIO FRANK A. MACKENZIE ALEXANDER R also sold $249,750 worth of Pfizer Inc. (NYSE:PFE) shares. 8,064 shares were sold by OLSON LAURIE J, worth $263,693. SUSMAN SALLY sold $1.34 million worth of stock or 38,230 shares. $296,560 worth of Pfizer Inc. (NYSE:PFE) shares were sold by JOHNSON RADY A.

Pzena Investment Management Llc, which manages about $24.64 billion and $18.92 billion US Long portfolio, decreased its stake in Comerica Inc (NYSE:CMA) by 28,561 shares to 745,540 shares, valued at $56.86 million in 2017Q3, according to the filing. It also reduced its holding in Torchmark Corp (NYSE:TMK) by 147,804 shares in the quarter, leaving it with 329,857 shares, and cut its stake in Citigroup Inc (NYSE:C).

Investors sentiment increased to 0.96 in Q3 2017. Its up 0.02, from 0.94 in 2017Q2. It increased, as 53 investors sold PFE shares while 700 reduced holdings. 106 funds opened positions while 620 raised stakes. 4.06 billion shares or 0.86% more from 4.02 billion shares in 2017Q2 were reported. Sandler accumulated 0.14% or 32,000 shares. Ngam Advsr LP has invested 0.54% in Pfizer Inc. (NYSE:PFE). Biltmore Wealth Mgmt Ltd Liability Corporation has 19,807 shares for 0.74% of their portfolio. Gould Asset Mngmt Limited Ca has 29,302 shares. 191,571 were reported by Rmb Management. Lincoln Lc holds 0.25% of its portfolio in Pfizer Inc. (NYSE:PFE) for 11,111 shares. Continental Ltd Co holds 1.87% or 228,601 shares in its portfolio. Freestone Ltd Liability Corporation holds 0.36% of its portfolio in Pfizer Inc. (NYSE:PFE) for 141,877 shares. Alethea Llc invested 0.5% in Pfizer Inc. (NYSE:PFE). Bancshares Of Ny Mellon Corporation holds 0.62% of its portfolio in Pfizer Inc. (NYSE:PFE) for 63.20 million shares. Meiji Yasuda Life Insurance accumulated 175,669 shares. Bedrijfstakpensioenfonds Voor De Media Pno reported 147,186 shares or 0.59% of all its holdings. Lehman Fincl owns 210,832 shares. Tompkins Fincl stated it has 0.81% in Pfizer Inc. (NYSE:PFE). Clear Harbor Asset Management Ltd holds 41,851 shares or 0.3% of its portfolio.

Among 22 analysts covering Pfizer (NYSE:PFE), 10 have Buy rating, 1 Sell and 11 Hold. Therefore 45% are positive. Pfizer had 74 analyst reports since July 29, 2015 according to SRatingsIntel. The rating was upgraded by Barclays Capital on Tuesday, November 29 to “Overweight”. As per Thursday, October 19, the company rating was maintained by BMO Capital Markets. The rating was maintained by Morgan Stanley with “Neutral” on Friday, April 7. The stock of Pfizer Inc. (NYSE:PFE) has “Buy” rating given on Tuesday, September 5 by BMO Capital Markets. The firm has “Buy” rating given on Thursday, September 14 by Piper Jaffray. BMO Capital Markets maintained Pfizer Inc. (NYSE:PFE) on Friday, December 15 with “Buy” rating. The stock of Pfizer Inc. (NYSE:PFE) has “Outperform” rating given on Monday, May 9 by Credit Suisse. The firm has “Buy” rating by Cowen & Co given on Monday, September 18. The stock of Pfizer Inc. (NYSE:PFE) has “Buy” rating given on Wednesday, November 1 by UBS. The company was maintained on Monday, June 12 by BMO Capital Markets.

Investors sentiment decreased to 1.73 in Q3 2017. Its down 0.17, from 1.9 in 2017Q2. It dived, as 16 investors sold STRP shares while 24 reduced holdings. 22 funds opened positions while 47 raised stakes. 6.64 million shares or 11.93% more from 5.93 million shares in 2017Q2 were reported. Ny State Common Retirement Fund has invested 0% of its portfolio in Straight Path Communications Inc. (NYSEAMERICAN:STRP). Marshall Wace Limited Liability Partnership has invested 0.33% in Straight Path Communications Inc. (NYSEAMERICAN:STRP). 119,759 are held by Northern Tru. 1,228 are held by Natixis. Longfellow Invest Management Ltd Liability stated it has 44,343 shares. Voya Investment Mgmt Ltd Liability invested in 0% or 4,547 shares. Int Gp Inc invested in 6,500 shares. Bridgeway Capital Mgmt has 0.02% invested in Straight Path Communications Inc. (NYSEAMERICAN:STRP). S Muoio Co Limited Liability Corp holds 0.47% or 5,000 shares. Panagora Asset Management reported 0% stake. Tower Rech Capital Ltd Liability Co (Trc) stated it has 798 shares or 0.01% of all its holdings. The Illinois-based Magnetar Limited Liability Com has invested 1.38% in Straight Path Communications Inc. (NYSEAMERICAN:STRP). Swiss Bancshares has invested 0% of its portfolio in Straight Path Communications Inc. (NYSEAMERICAN:STRP). Havens Ltd Liability holds 7.8% or 64,000 shares in its portfolio. Citigroup Incorporated has invested 0.01% of its portfolio in Straight Path Communications Inc. (NYSEAMERICAN:STRP).

Since October 13, 2017, it had 0 insider buys, and 9 selling transactions for $12.57 million activity. Another trade for 300 shares valued at $54,474 was sold by RAND JONATHAN. WELD WILLIAM F sold $1.45M worth of stock or 8,000 shares. ZEIDMAN FRED S sold $2.72M worth of stock or 15,000 shares. $724,780 worth of Straight Path Communications Inc. (NYSEAMERICAN:STRP) was sold by BREAU DAVID L. On Wednesday, December 20 TODD K CHRIS sold $1.40 million worth of Straight Path Communications Inc. (NYSEAMERICAN:STRP) or 7,700 shares.

Water Island Capital Llc, which manages about $3.48 billion and $2.11B US Long portfolio, decreased its stake in Westar Energy Inc (NYSE:WR) by 177,370 shares to 708,068 shares, valued at $35.12 million in 2017Q3, according to the filing. It also reduced its holding in Nxp Semiconductors N V (NASDAQ:NXPI) by 111,800 shares in the quarter, leaving it with 1.40M shares, and cut its stake in Akorn Inc (NASDAQ:AKRX).

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