First Eagle Investment Management Boosted Varian Med Sys (VAR) Position; Cbre Group (CBG) Shorts Decreased By 9.26%

December 7, 2017 - By Kurt Siggers

First Eagle Investment Management Llc increased Varian Med Sys Inc (VAR) stake by 0.82% reported in 2017Q2 SEC filing. First Eagle Investment Management Llc acquired 38,005 shares as Varian Med Sys Inc (VAR)’s stock rose 13.68%. The First Eagle Investment Management Llc holds 4.68 million shares with $482.88M value, up from 4.64 million last quarter. Varian Med Sys Inc now has $10.17B valuation. The stock increased 1.63% or $1.78 during the last trading session, reaching $111.04. About 775,807 shares traded or 0.54% up from the average. Varian Medical Systems, Inc. (NYSE:VAR) has risen 29.46% since December 7, 2016 and is uptrending. It has outperformed by 12.76% the S&P500.

Cbre Group Incorporated (NYSE:CBG) had a decrease of 9.26% in short interest. CBG’s SI was 7.84 million shares in December as released by FINRA. Its down 9.26% from 8.64M shares previously. With 1.49 million avg volume, 5 days are for Cbre Group Incorporated (NYSE:CBG)’s short sellers to cover CBG’s short positions. The SI to Cbre Group Incorporated’s float is 2.73%. The stock decreased 0.14% or $0.06 during the last trading session, reaching $43.55. About 1.19 million shares traded. CBRE Group, Inc. (NYSE:CBG) has risen 21.33% since December 7, 2016 and is uptrending. It has outperformed by 4.63% the S&P500.

Investors sentiment decreased to 0.9 in 2017 Q2. Its down 0.08, from 0.98 in 2017Q1. It turned negative, as 42 investors sold CBRE Group, Inc. shares while 163 reduced holdings. 44 funds opened positions while 140 raised stakes. 315.14 million shares or 0.47% less from 316.64 million shares in 2017Q1 were reported. Da Davidson And invested 0.03% of its portfolio in CBRE Group, Inc. (NYSE:CBG). Earnest Prtn Limited Liability Com invested in 1.84M shares or 0.7% of the stock. 98 are held by Archford Cap Strategies Limited Liability Corp. Parallax Volatility Advisers Ltd Partnership holds 54 shares. Adage Ptnrs Grp Inc Limited Company invested in 435,000 shares or 0.04% of the stock. Pacad Ltd holds 19,200 shares or 0.1% of its portfolio. Peak6 Investments Limited Partnership accumulated 8,270 shares. Zurcher Kantonalbank (Zurich Cantonalbank) has 0.02% invested in CBRE Group, Inc. (NYSE:CBG) for 61,550 shares. 3,905 were accumulated by Hanson & Doremus Invest Mgmt. Comm Bancorp, Missouri-based fund reported 6,914 shares. Sun Life Fincl reported 2,200 shares stake. Creative Planning stated it has 0% of its portfolio in CBRE Group, Inc. (NYSE:CBG). Employees Retirement System Of Texas invested in 0.04% or 71,100 shares. X Mngmt owns 0.02% invested in CBRE Group, Inc. (NYSE:CBG) for 13,840 shares. Geode Management Ltd Liability reported 2.93 million shares stake.

CBRE Group, Inc. operates as a commercial real estate services and investment firm worldwide. The company has market cap of $14.57 billion. It operates through Americas; Europe, Middle East and Africa; Asia Pacific; Global Investment Management; and Development Services divisions. It has a 18.79 P/E ratio. The firm offers strategic advice and execution to owners, investors, and occupiers of real estate in connection with leasing; integrated property sales, and mortgage and structured financing services under the CBRE Capital Markets brand; and valuation services that include market value appraisals, litigation support, discounted cash flow analyses, and feasibility studies, as well as consulting services, such as property condition reports, hotel advisory, and environmental consulting.

Among 8 analysts covering CBRE Group (NYSE:CBG), 5 have Buy rating, 0 Sell and 3 Hold. Therefore 63% are positive. CBRE Group had 19 analyst reports since August 12, 2015 according to SRatingsIntel. The rating was downgraded by Goldman Sachs to “Conviction-Buy” on Wednesday, August 12. The stock of CBRE Group, Inc. (NYSE:CBG) has “Hold” rating given on Thursday, July 20 by Keefe Bruyette & Woods. Keefe Bruyette & Woods initiated the stock with “Market Perform” rating in Monday, May 16 report. The firm has “Buy” rating by Bank of America given on Monday, November 6. The firm earned “Overweight” rating on Tuesday, July 18 by Barclays Capital. The stock has “Hold” rating by Keefe Bruyette & Woods on Tuesday, October 10. On Tuesday, August 15 the stock rating was maintained by Barclays Capital with “Overweight”. The company was initiated on Wednesday, August 26 by Sterne Agee CRT. Keefe Bruyette & Woods maintained CBRE Group, Inc. (NYSE:CBG) rating on Friday, November 3. Keefe Bruyette & Woods has “Hold” rating and $42.0 target. Keefe Bruyette & Woods maintained CBRE Group, Inc. (NYSE:CBG) rating on Thursday, July 27. Keefe Bruyette & Woods has “Hold” rating and $3900 target.

Among 11 analysts covering Varian Medical Systems Inc. (NYSE:VAR), 3 have Buy rating, 1 Sell and 7 Hold. Therefore 27% are positive. Varian Medical Systems Inc. had 30 analyst reports since August 27, 2015 according to SRatingsIntel. RBC Capital Markets maintained the shares of VAR in report on Thursday, November 30 with “Hold” rating. Jefferies maintained it with “Buy” rating and $114.0 target in Wednesday, October 25 report. The firm has “Outperform” rating by Barrington Research given on Tuesday, January 12. The firm earned “Sector Perform” rating on Thursday, April 27 by RBC Capital Markets. The stock has “Outperform” rating by Barrington Research on Friday, January 27. The rating was maintained by Robert W. Baird on Thursday, October 26 with “Hold”. The stock has “Hold” rating by RBC Capital Markets on Monday, October 2. On Tuesday, December 22 the stock rating was initiated by RBC Capital Markets with “Sector Perform”. The firm has “Sector Perform” rating given on Monday, January 23 by RBC Capital Markets. The stock has “Neutral” rating by Citigroup on Monday, October 30.

First Eagle Investment Management Llc decreased Pitney Bowes Inc (NYSE:PBI) stake by 762,490 shares to 441,819 valued at $6.67M in 2017Q2. It also reduced Deere & Co (NYSE:DE) stake by 176,427 shares and now owns 6.48 million shares. Zoetis Inc (NYSE:ZTS) was reduced too.

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