As Icici Bk LTD (IBN) Valuation Rose, Indus Capital Partners Boosted Its Holding by $8.75 Million; North Star Investment Management Has Cut Position in Petmed Express Com (PETS) by $1.08 Million as Valuation Rose

January 18, 2018 - By Maria Brooks

David Kowitz increased its stake in Icici Bk Ltd (IBN) by 34.82% based on its latest 2017Q3 regulatory filing with the SEC. Indus Capital Partners Llc bought 1.09M shares as the company’s stock rose 14.25% with the market. The hedge fund run by David Kowitz held 4.23M shares of the commercial banks company at the end of 2017Q3, valued at $36.24M, up from 3.14 million at the end of the previous reported quarter. Indus Capital Partners Llc who had been investing in Icici Bk Ltd for a number of months, seems to be bullish on the $34.45 billion market cap company. The stock decreased 1.47% or $0.16 during the last trading session, reaching $10.76. About 2.75M shares traded. ICICI Bank Limited (NYSE:IBN) has risen 45.32% since January 18, 2017 and is uptrending. It has outperformed by 28.62% the S&P500.

North Star Investment Management Corp decreased its stake in Petmed Express Inc Com (PETS) by 29.49% based on its latest 2017Q3 regulatory filing with the SEC. North Star Investment Management Corp sold 32,761 shares as the company’s stock rose 68.24% with the market. The institutional investor held 78,341 shares of the health care company at the end of 2017Q3, valued at $2.60 million, down from 111,102 at the end of the previous reported quarter. North Star Investment Management Corp who had been investing in Petmed Express Inc Com for a number of months, seems to be less bullish one the $1.02 billion market cap company. The stock decreased 1.61% or $0.82 during the last trading session, reaching $50.06. About 88,044 shares traded. PetMed Express, Inc. (NASDAQ:PETS) has risen 91.46% since January 18, 2017 and is uptrending. It has outperformed by 74.76% the S&P500.

Since August 1, 2017, it had 0 buys, and 4 insider sales for $3.11 million activity. FULGONI GIAN had sold 20,000 shares worth $887,600 on Friday, December 15. AKDAG MENDERES sold $2.06M worth of PetMed Express, Inc. (NASDAQ:PETS) on Thursday, January 11. On Friday, October 27 KORN RONALD J sold $35,570 worth of PetMed Express, Inc. (NASDAQ:PETS) or 1,000 shares.

Among 5 analysts covering Petmed Express Inc (NASDAQ:PETS), 2 have Buy rating, 1 Sell and 2 Hold. Therefore 40% are positive. Petmed Express Inc had 9 analyst reports since February 4, 2016 according to SRatingsIntel. The stock of PetMed Express, Inc. (NASDAQ:PETS) earned “Hold” rating by Craig Hallum on Monday, August 21. Sidoti upgraded the stock to “Buy” rating in Thursday, August 24 report. As per Thursday, February 4, the company rating was initiated by Credit Suisse. The firm earned “Hold” rating on Tuesday, July 11 by Craig Hallum. Northcoast upgraded the shares of PETS in report on Monday, July 24 to “Buy” rating. On Friday, October 27 the stock rating was maintained by Noble Financial with “Hold”. The rating was maintained by Noble Financial with “Hold” on Wednesday, July 26. Northcoast maintained the stock with “Buy” rating in Wednesday, January 3 report. The stock has “Hold” rating by Craig Hallum on Monday, May 9.

North Star Investment Management Corp, which manages about $789.57M US Long portfolio, upped its stake in Flexsteel Inds Inc Com (NASDAQ:FLXS) by 26,895 shares to 69,971 shares, valued at $3.55M in 2017Q3, according to the filing. It also increased its holding in Amc Entmt Hldgs Inc Cl A Com (NYSE:AMC) by 36,203 shares in the quarter, for a total of 77,703 shares, and has risen its stake in Crown Crafts Inc Com (NASDAQ:CRWS).

Investors sentiment decreased to 1.38 in 2017 Q3. Its down 0.09, from 1.47 in 2017Q2. It worsened, as 29 investors sold PETS shares while 39 reduced holdings. 40 funds opened positions while 54 raised stakes. 19.66 million shares or 24.06% more from 15.85 million shares in 2017Q2 were reported. Gsa Prtn Llp holds 33,000 shares. Virginia Retirement Et Al has invested 0.02% in PetMed Express, Inc. (NASDAQ:PETS). Comerica National Bank owns 21,700 shares for 0.01% of their portfolio. Invesco Ltd reported 242,550 shares. Lucus Advsrs Llc accumulated 10,441 shares or 0.49% of the stock. Federated Invsts Incorporated Pa invested in 0.02% or 159,764 shares. New York-based Alliancebernstein LP has invested 0% in PetMed Express, Inc. (NASDAQ:PETS). Colorado-based Advsr Asset Mgmt has invested 0.03% in PetMed Express, Inc. (NASDAQ:PETS). Parkside Fincl Commercial Bank accumulated 10 shares. Tower Rech Cap Ltd (Trc) has invested 0.02% in PetMed Express, Inc. (NASDAQ:PETS). Old Mutual Global (Uk) Limited accumulated 0.1% or 298,643 shares. Gratia Capital Ltd Liability Company holds 1.94% or 148,300 shares. Guggenheim Cap Lc owns 72,200 shares. State Board Of Administration Of Florida Retirement System reported 0% in PetMed Express, Inc. (NASDAQ:PETS). Texas Permanent School Fund owns 15,042 shares.

Analysts await PetMed Express, Inc. (NASDAQ:PETS) to report earnings on January, 22. They expect $0.36 EPS, up 50.00% or $0.12 from last year’s $0.24 per share. PETS’s profit will be $7.34 million for 34.76 P/E if the $0.36 EPS becomes a reality. After $0.43 actual EPS reported by PetMed Express, Inc. for the previous quarter, Wall Street now forecasts -16.28% negative EPS growth.

Among 7 analysts covering ICICI Bank (NYSE:IBN), 5 have Buy rating, 0 Sell and 2 Hold. Therefore 71% are positive. ICICI Bank had 11 analyst reports since August 19, 2015 according to SRatingsIntel. The firm has “Buy” rating by UBS given on Friday, October 21. The firm earned “Buy” rating on Monday, October 24 by Goldman Sachs. The company was upgraded on Monday, September 14 by Goldman Sachs. The rating was upgraded by Jefferies on Monday, October 30 to “Buy”. Standpoint Research upgraded ICICI Bank Limited (NYSE:IBN) on Wednesday, August 26 to “Hold” rating. The stock has “Hold” rating by Zacks on Thursday, September 3. On Wednesday, August 19 the stock rating was upgraded by Zacks to “Sell”. As per Tuesday, May 3, the company rating was downgraded by Goldman Sachs. The company was initiated on Tuesday, January 16 by Morgan Stanley. Credit Suisse upgraded the shares of IBN in report on Thursday, April 21 to “Outperform” rating.

Indus Capital Partners Llc, which manages about $7.51B and $988.47 million US Long portfolio, decreased its stake in Gerdau S A (NYSE:GGB) by 4.67 million shares to 647,779 shares, valued at $2.22 million in 2017Q3, according to the filing. It also reduced its holding in Alibaba Group Hldg Ltd (Put) (NYSE:BABA) by 997,991 shares in the quarter, leaving it with 50,000 shares, and cut its stake in Baidu Inc (NASDAQ:BIDU).

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