As Quidel (QDEL) Valuation Rose, Trellus Management Company Lowered Position; Norris Perne & French Llp Cut Its Holding in Catalent Com (CTLT) by $2.64 Million as Shares Rose

January 16, 2018 - By Clifton Ray

Adam Usdan decreased its stake in Quidel Corp (QDEL) by 56.39% based on its latest 2017Q3 regulatory filing with the SEC. Trellus Management Company Llc sold 12,930 shares as the company’s stock rose 16.85% with the market. The hedge fund run by Adam Usdan held 10,000 shares of the in vitro & in vivo diagnostic substances company at the end of 2017Q3, valued at $439,000, down from 22,930 at the end of the previous reported quarter. Trellus Management Company Llc who had been investing in Quidel Corp for a number of months, seems to be less bullish one the $1.58B market cap company. The stock increased 0.96% or $0.44 during the last trading session, reaching $46.43. About 95,907 shares traded. Quidel Corporation (NASDAQ:QDEL) has risen 56.78% since January 16, 2017 and is uptrending. It has outperformed by 40.08% the S&P500.

Norris Perne & French Llp decreased its stake in Catalent Inc Com (CTLT) by 23.7% based on its latest 2017Q3 regulatory filing with the SEC. Norris Perne & French Llp sold 67,650 shares as the company’s stock rose 16.38% with the market. The institutional investor held 217,845 shares of the health care company at the end of 2017Q3, valued at $8.70 million, down from 285,495 at the end of the previous reported quarter. Norris Perne & French Llp who had been investing in Catalent Inc Com for a number of months, seems to be less bullish one the $5.68 billion market cap company. The stock decreased 0.58% or $0.25 during the last trading session, reaching $42.75. About 166,055 shares traded. Catalent, Inc. (NYSE:CTLT) has risen 27.19% since January 16, 2017 and is uptrending. It has outperformed by 10.49% the S&P500.

Investors sentiment decreased to 1.2 in 2017 Q3. Its down 1.21, from 2.41 in 2017Q2. It dived, as 24 investors sold QDEL shares while 32 reduced holdings. 33 funds opened positions while 34 raised stakes. 30.68 million shares or 6.86% more from 28.71 million shares in 2017Q2 were reported. 271,920 are owned by Morgan Stanley. Jacobs Levy Equity Mngmt Inc reported 104,880 shares or 0.09% of all its holdings. Omni Prns Limited Liability Partnership owns 0.82% invested in Quidel Corporation (NASDAQ:QDEL) for 146,189 shares. Pitcairn stated it has 0.04% of its portfolio in Quidel Corporation (NASDAQ:QDEL). Northern Tru holds 0% in Quidel Corporation (NASDAQ:QDEL) or 368,014 shares. Td Asset Mgmt, Ontario – Canada-based fund reported 36,984 shares. 5.73M are owned by Brown Mgmt Ltd Liability Corp. Price T Rowe Md owns 3.36M shares. Driehaus Capital reported 26,997 shares. Manufacturers Life Co The has invested 0% in Quidel Corporation (NASDAQ:QDEL). Sei accumulated 39,140 shares or 0.01% of the stock. Ubs Asset Mgmt Americas stated it has 4,799 shares. Goldman Sachs Inc has 773,301 shares for 0.01% of their portfolio. Wells Fargo And Mn reported 0% stake. D E Shaw & reported 569,793 shares.

Among 9 analysts covering Quidel (NASDAQ:QDEL), 7 have Buy rating, 0 Sell and 2 Hold. Therefore 78% are positive. Quidel had 29 analyst reports since September 2, 2015 according to SRatingsIntel. The stock of Quidel Corporation (NASDAQ:QDEL) has “Hold” rating given on Tuesday, February 9 by Canaccord Genuity. The rating was downgraded by PiperJaffray to “Neutral” on Friday, December 16. The firm earned “Neutral” rating on Friday, December 16 by Piper Jaffray. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Buy” rating by Canaccord Genuity on Tuesday, October 24. The stock of Quidel Corporation (NASDAQ:QDEL) earned “Outperform” rating by Raymond James on Monday, June 13. The firm has “Buy” rating given on Thursday, January 4 by C.L. King. The rating was maintained by Canaccord Genuity on Tuesday, January 2 with “Buy”. The company was downgraded on Friday, October 23 by Craig Hallum. Barclays Capital maintained Quidel Corporation (NASDAQ:QDEL) on Tuesday, September 19 with “Overweight” rating. The rating was maintained by Piper Jaffray on Wednesday, July 19 with “Hold”.

Trellus Management Company Llc, which manages about $123.52M and $73.00M US Long portfolio, upped its stake in Tesaro Inc (NASDAQ:TSRO) by 3,100 shares to 11,519 shares, valued at $1.49M in 2017Q3, according to the filing.

Analysts await Quidel Corporation (NASDAQ:QDEL) to report earnings on February, 14. They expect $0.45 EPS, up 350.00% or $0.35 from last year’s $0.1 per share. QDEL’s profit will be $15.29 million for 25.79 P/E if the $0.45 EPS becomes a reality. After $-0.16 actual EPS reported by Quidel Corporation for the previous quarter, Wall Street now forecasts -381.25% EPS growth.

Since August 29, 2017, it had 0 insider purchases, and 8 insider sales for $12.34 million activity. $1.46M worth of Quidel Corporation (NASDAQ:QDEL) shares were sold by STEWARD RANDALL J. 36,000 Quidel Corporation (NASDAQ:QDEL) shares with value of $1.54 million were sold by BRYANT DOUGLAS C. The insider SCHULER JACK W sold 4,000 shares worth $188,080. $1.35 million worth of Quidel Corporation (NASDAQ:QDEL) was sold by BORKAR RATAN S on Wednesday, January 3. Bujarski Robert Joseph sold $4.40 million worth of Quidel Corporation (NASDAQ:QDEL) on Friday, December 15.

Since August 1, 2017, it had 0 buys, and 4 selling transactions for $7.60 million activity. Dolan Christine sold $61,768 worth of stock. Miyamoto Lance sold $325,329 worth of stock.

Analysts await Catalent, Inc. (NYSE:CTLT) to report earnings on February, 5. They expect $0.31 earnings per share, up 29.17% or $0.07 from last year’s $0.24 per share. CTLT’s profit will be $41.19 million for 34.48 P/E if the $0.31 EPS becomes a reality. After $0.18 actual earnings per share reported by Catalent, Inc. for the previous quarter, Wall Street now forecasts 72.22% EPS growth.

Among 15 analysts covering Catalent (NYSE:CTLT), 8 have Buy rating, 0 Sell and 7 Hold. Therefore 53% are positive. Catalent had 30 analyst reports since September 3, 2015 according to SRatingsIntel. Deutsche Bank maintained Catalent, Inc. (NYSE:CTLT) on Wednesday, November 4 with “Hold” rating. The rating was maintained by Jefferies on Thursday, September 29 with “Hold”. The rating was maintained by Needham on Monday, October 23 with “Hold”. The firm earned “Neutral” rating on Thursday, December 1 by Goldman Sachs. Bank of America maintained it with “Buy” rating and $45 target in Wednesday, September 20 report. As per Thursday, September 21, the company rating was upgraded by Morgan Stanley. The rating was maintained by Jefferies on Monday, August 28 with “Hold”. Wells Fargo upgraded the stock to “Outperform” rating in Tuesday, June 21 report. As per Friday, September 8, the company rating was downgraded by KeyBanc Capital Markets. Jefferies downgraded the stock to “Hold” rating in Thursday, September 10 report.

Investors sentiment increased to 2.61 in 2017 Q3. Its up 0.48, from 2.13 in 2017Q2. It is positive, as 12 investors sold CTLT shares while 55 reduced holdings. 67 funds opened positions while 108 raised stakes. 130.89 million shares or 5.72% more from 123.80 million shares in 2017Q2 were reported. Principal Financial Inc reported 0.02% stake. Sei Invs invested in 94,216 shares. Omers Administration has 64,000 shares for 0.03% of their portfolio. Engineers Gate Manager Lp owns 0.22% invested in Catalent, Inc. (NYSE:CTLT) for 65,392 shares. Tudor Invest Et Al invested in 46,672 shares. Mairs & Power Inc holds 342,760 shares or 0.16% of its portfolio. Price T Rowe Assocs Md owns 14.46M shares. Moreover, Hanseatic Mngmt has 0% invested in Catalent, Inc. (NYSE:CTLT). Moreover, State Bank Of Ny Mellon has 0.02% invested in Catalent, Inc. (NYSE:CTLT). Redmile Group Inc Limited Liability Company invested in 0.29% or 147,663 shares. Hartford Inv Mngmt has 78,450 shares. 1.95 million are owned by Brown Advisory. Credit Suisse Ag invested in 225,968 shares. Louisiana State Employees Retirement Sys holds 0.07% in Catalent, Inc. (NYSE:CTLT) or 35,500 shares. Aqr Cap Mngmt Ltd Liability Co owns 0.01% invested in Catalent, Inc. (NYSE:CTLT) for 126,040 shares.

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