Rock Springs Capital Management LP Cut Medtronic Plc (MDT) Position By $11.75 Million; Burcon Nutrascience Ord (BUR) Sellers Increased By 0.33% Their Shorts

January 17, 2018 - By Evgen Dobrzhanskiy

Rock Springs Capital Management Lp decreased Medtronic Plc (MDT) stake by 38.16% reported in 2017Q3 SEC filing. Rock Springs Capital Management Lp sold 152,636 shares as Medtronic Plc (MDT)’s stock rose 5.51%. The Rock Springs Capital Management Lp holds 247,364 shares with $19.24 million value, down from 400,000 last quarter. Medtronic Plc now has $116.56B valuation. The stock increased 0.93% or $0.79 during the last trading session, reaching $86.11. About 4.01M shares traded. Medtronic plc (NYSE:MDT) has risen 4.04% since January 17, 2017 and is uptrending. It has underperformed by 12.66% the S&P500.

Burcon Nutrascience Corporation Ord (NASDAQ:BUR) had an increase of 0.33% in short interest. BUR’s SI was 60,900 shares in January as released by FINRA. Its up 0.33% from 60,700 shares previously. With 190,800 avg volume, 0 days are for Burcon Nutrascience Corporation Ord (NASDAQ:BUR)’s short sellers to cover BUR’s short positions. The SI to Burcon Nutrascience Corporation Ord’s float is 0.25%. The stock increased 2.00% or $0.01 during the last trading session, reaching $0.51. About 38,055 shares traded. Burcon Nutrascience Corporation (NASDAQ:BUR) has declined 58.09% since January 17, 2017 and is downtrending. It has underperformed by 74.79% the S&P500.

Analysts await Medtronic plc (NYSE:MDT) to report earnings on February, 20. They expect $1.17 earnings per share, up 4.46% or $0.05 from last year’s $1.12 per share. MDT’s profit will be $1.58B for 18.40 P/E if the $1.17 EPS becomes a reality. After $1.07 actual earnings per share reported by Medtronic plc for the previous quarter, Wall Street now forecasts 9.35% EPS growth.

Among 28 analysts covering Medtronic (NYSE:MDT), 19 have Buy rating, 0 Sell and 9 Hold. Therefore 68% are positive. Medtronic had 78 analyst reports since August 10, 2015 according to SRatingsIntel. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Jefferies on Wednesday, August 23. The firm has “Buy” rating given on Thursday, March 17 by Nomura. The firm has “Buy” rating given on Tuesday, August 23 by Citigroup. The firm has “Buy” rating by Oppenheimer given on Friday, May 26. The company was maintained on Thursday, July 6 by William Blair. The rating was upgraded by Evercore to “Buy” on Thursday, October 8. As per Wednesday, November 23, the company rating was maintained by Barclays Capital. The stock has “Outperform” rating by BMO Capital Markets on Wednesday, November 23. The company was maintained on Wednesday, February 22 by Needham. The stock of Medtronic plc (NYSE:MDT) earned “Buy” rating by Jefferies on Tuesday, September 26.

Rock Springs Capital Management Lp increased Theravance Biopharma Inc (NASDAQ:TBPH) stake by 44,400 shares to 644,400 valued at $22.06 million in 2017Q3. It also upped Sarepta Therapeutics Inc (NASDAQ:SRPT) stake by 54,200 shares and now owns 259,200 shares. Pra Health Sciences Inc was raised too.

Investors sentiment increased to 1.12 in 2017 Q3. Its up 0.22, from 0.9 in 2017Q2. It improved, as 73 investors sold MDT shares while 392 reduced holdings. 109 funds opened positions while 414 raised stakes. 1.07 billion shares or 1.07% more from 1.06 billion shares in 2017Q2 were reported. State Of New Jersey Common Pension Fund D owns 1.40M shares. Wealthfront, California-based fund reported 19,836 shares. Snyder Mgmt Ltd Partnership invested in 34,102 shares or 0.13% of the stock. Advisor Ptnrs Lc has invested 0.22% in Medtronic plc (NYSE:MDT). Jarislowsky Fraser Limited invested in 406,303 shares. Kistler has 0.04% invested in Medtronic plc (NYSE:MDT) for 1,317 shares. Strategic Financial Serv has invested 0.74% of its portfolio in Medtronic plc (NYSE:MDT). De Burlo Gru has invested 0.11% in Medtronic plc (NYSE:MDT). Fjarde Ap has invested 0.48% in Medtronic plc (NYSE:MDT). Naples Global Advsr Lc reported 0.57% stake. Korea Corp holds 1.27 million shares or 0.46% of its portfolio. 2.64M were accumulated by Vontobel Asset Mgmt. Regions has invested 0.1% of its portfolio in Medtronic plc (NYSE:MDT). Kingfisher Cap Ltd Liability Corporation invested 0.56% in Medtronic plc (NYSE:MDT). Eastern Bankshares stated it has 0.1% of its portfolio in Medtronic plc (NYSE:MDT).

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